October 26, 2013 |
Digital Domain, the visual-effects company that is co-producing the Lionsgate movie "Ender's Game," invested about $17 million in cash to help produce the much-anticipated movie, two former company executives said. In a highly unusual move, the pioneering visual-effects house -- co-founded by director James Cameron in 1993 -- is co-producing "Ender's Game," which hits theaters on Nov. 1, with OddLot Entertainment and Summit Entertainment. The big-screen adaptation of the popular 1985 book of the same name by Orson Scott Card, is among the most expensive independent movies ever made, with a budget of more than $100 million.
October 23, 2013 |
Crowdfunding has raised money to build libraries, make movies and send children on school trips. Soon it may let small investors buy stakes in fledgling companies. Federal regulators proposed rules Wednesday that would allow individuals to invest in start-ups over the Internet. The goal is to make it easier for entrepreneurs to raise money and create jobs, while giving small investors an early shot at latching onto the next Apple Inc. or Google Inc. The Securities and Exchange Commission voted unanimously to propose the regulations, which are required as part of the Jumpstart Our Business Startups Act, which was passed by Congress last year.
CALIFORNIA | LOCAL
October 21, 2013 |
Lawrence Klein, the University of Pennsylvania economist who won the 1980 Nobel Prize for his computer-based models that help governments forecast the future and act accordingly, died Sunday at his home in Gladwyne, Pa. He was 93. His family announced his death but did not disclose the cause. The Royal Swedish Academy of Sciences awarded Klein the 1980 Nobel Memorial Prize in Economic Sciences "for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies.
October 13, 2013 |
Dear Liz: Recently my mother passed away. My brother and I were fortunate enough to inherit a substantial amount of money from her life insurance. My brother and I do not want to spend this money and have placed the funds in brokerage accounts. My question is this: Because of the often-volatile market, is there a better way to invest this money? Should we take this money out of the market and save some of it in a bank? Answer: Your first task with a windfall is to determine your goal (or goals)
CALIFORNIA | LOCAL
October 13, 2013 |
California is spending nearly $15 million to build 10 hydrogen fueling stations, even though just 227 hydrogen-powered vehicles exist in the state today. It's a hefty bet on the future, given that government officials have been trying for nine years, with little success, to get automakers to build more hydrogen cars . The project is part of a sprawling but little-known state program that packs a powerful financial punch: It spent $1.6 billion last year on a myriad of energy-efficiency and alternative-energy projects.
October 8, 2013 |
Five years after Washington bailed out more than 700 banks, the money has become a burden for more than 100 community banks that can't seem to repay it. About a dozen of those are in California, and they are facing increasing pressure as the federal government looks to close out the Troubled Asset Relief Program, or TARP. The banks will soon face a big increase in the annual dividend they must pay the government on its investment - to 9% from 5%. Some of the banks will have to sell out or bring in new shareholders - who might demand control of the institution in exchange for the cash infusion.
October 4, 2013 |
Quick, what rhymes with "start-up?" Celebrity music artists, including rappers, have been finding new ways to invest their money, and Nas, born Nasir Jones, is no exception. After a six-figure investment in the lifestyle publication "Mass Appeal," the rapper has put money into a San Francisco company called Proven , which makes apps to help people apply to online job postings through their smartphones. Nas, who rose to fame with his smash 1994 album "Illmatic," participated in the company's $1-million seed funding round that was led by Andreessen Horowitz and closed this summer.
September 24, 2013 |
The cost of a proposed uranium processing facility for nuclear weapons in Oakridge, Tenn., has soared as high as $11.6 billion - 19 times the original estimate - even as critics accuse the Energy Department of overstating the need for spare bomb parts. Under a proposal unveiled in 2005, the manufacturing plant at the Y-12 National Security Complex would produce new uranium cores for the nation's stockpile of aging hydrogen bombs. But not long after the plan was disclosed, with an estimated cost of $600 million, the price tag began to climb.
September 19, 2013 |
Not only do women face a gender gap when it comes to compensation, they lack confidence about investing the money they do earn, a new study has found. The study, funded by Wells Fargo & Co. and released Thursday, found that 41% of affluent women were "not at all" confident about their ability to invest. Just 8% of the women said they were "highly confident" about investing. Researchers interviewed 600 women in United States with a median of $455,000 in liquid assets and $145,000 in household income about wealth, investing and retirement.
CALIFORNIA | LOCAL
September 15, 2013 |
A handful of maids and janitors line up most weeks outside the gleaming Embassy Suites in Irvine to urge visitors to boycott the hotel. But the workers aren't just protesting management - they are also targeting their union brothers and sisters. One of the hotel's largest investors is the Los Angeles County Employees Retirement Assn., which manages $41 billion in pension funds for firefighters, sheriff's deputies and other union and nonunion workers. Unite Here Local 11 is seeking to unionize 65 hotel workers and says Embassy Suites is trying to fire those who support the union.