October 24, 2013 |
NEW YORK - Bank of America Corp. is slashing 1,200 jobs in its mortgage division as the company's refinancing business slows amid rising interest rates. The Charlotte, N.C.-based bank made the cuts this week, a BofA representative said. The jobs are scattered around the country, including some in California, but the bank declined to elaborate. The nation's banks have experienced a sharp slowdown in once-booming profits from refinancing as mortgage rates rose from their historic lows while the housing market healed.
October 21, 2013 |
Layoffs have begun at Focus Features. Employees in the specialty label's New York and Los Angeles locations were told Monday whether they would lose their positions, though it is not known how many jobs will be cut. Focus, an imprint of Universal Pictures best known for such films as "Brokeback Mountain," "Moonrise Kingdom," "Atonement" and "The Kids Are All Right," is also considering closing its London office. Focus Features currently has a total of 103 employees, 43 of whom work in Los Angeles, while 44 are in New York and 16 work in London. ON LOCATION: Where the cameras roll Earlier this month, Universal picked FilmDistrict founder Peter Schlessel to replace James Schamus as Focus' chief executive, and the company last week announced multiple changes to Focus' executive team, including the departure of its co-Chief Executive Andrew Karpen. As it works to expand its slate to include more wide-release films, the label is moving its headquarters from New York to the Universal lot in Los Angeles but will maintain a small presence in New York after the move.
October 7, 2013 |
WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came after United Technologies Corp. said Sunday it was canceling the planned layoff of 2,000 employees at its Sikorsky Aircraft Corp., because of the return of the Defense Department workers. Lockheed had announced Friday it would lay off 3,000 employees starting Monday due to the shutdown.
October 2, 2013 |
After the coffee. Before getting into baseball playoff mode. The Skinny: I'm still trying to get through the second episode of NBC's "The Blacklist. " I do like James Spader, but I'm not sold on the show yet. Wednesday's headlines include layoffs at Paramount Pictures and a producer's accusation that Warner Bros. and Clint Eastwood stole his movie idea. Daily Dose: CBS has tapped John Orlando to fill the large shoes left by Martin Franks, who had overseen the broadcasting giant's lobbying efforts on Capitol Hill.
September 27, 2013 |
The wait - and weight - is over for Julio Cesar Chavez Jr. In September 2012, Chavez lost a one-sided but dramatic fight to Argentina's Sergio Martinez, after which he was suspended for marijuana use. Saturday night, he climbs back into the ring after a year's absence to fight Brian Vera at StubHub Center in Carson. The non-title bout was originally contracted to be a super-middleweight fight with a weight limit of 168 pounds. But Chavez (46-1-1, 32 knockouts) reported this week that he was at 173, and the fight's promoters renegotiated for the new limit of 173 Friday after Chavez had said, "This is not a championship fight.
September 18, 2013 |
More bad news for BlackBerry (at this point, is there any other kind?): The Canadian smartphone maker will reportedly lay off up to 40% of its workforce by the end of the year. This coming from the Wall Street Journal , which cited unnamed sources "familiar with the matter" saying the cuts would be in all departments and occur in waves, "likely affecting several thousand employees. " PHOTOS: 10 signs it's time to upgrade your computer We called BlackBerry for comment and got the following statement: "We will not comment on rumors and speculation.
August 21, 2013 |
The Disney/ABC Television Group, which includes the ABC network, local TV stations and the Disney Channel and ABC Family cable networks, is restructuring its operations, which will result in layoffs across the unit. About 175 jobs are expected to be cut through layoffs or from not filling open positions, a person familiar with the matter said. The Disney/ABC Television Group employs around 7,600 people. “As technological advances continue to alter the competitive landscape and viewer habits, it's incumbent upon us to stay ahead of the curve.
August 2, 2013 |
The Cleveland Plain Dealer laid off one-third of its newsroom staff on Wednesday, and among those to go was Donald Rosenberg, the newspaper's former senior music critic who was reassigned from his post in 2008 and waged an unsuccessful lawsuit against his employer. Rosenberg most recently covered dance and other arts for the newspaper, writing reported pieces as well as some reviews. He confirmed his departure from the Plain Dealer by phone. His legal clash with the Plain Dealer two years ago stemmed from a number of highly critical articles that he wrote aimed at the Cleveland Orchestra and its music director, Franz Welser-Möst.
June 27, 2013 |
Southern California Edison issued layoff notices to 600 employees this week, following news this month that the San Onofre nuclear plant in San Clemente would be permanently retired. The coastal plant that once supplied power to 1.4 million homes in Southern California was closed in January 2012 when a tube in its newly replaced steam generators leaked a small amount of radioactive steam, leading to the discovery that the tubes were wearing down at an unusual rate. The shutdown will mean the utility company will reduce its staff at the plant from about 1,500 to 400. Quiz: How much do you know about California's economy?
CALIFORNIA | LOCAL
June 13, 2013 |
If you want to sue your landlord, divorce your spouse or fight a traffic ticket this year, you'll probably pay more, travel farther and wait longer. As a result of the latest round of deep cuts to Los Angeles County's court system, court reporters will no longer be provided for most civil cases. Traffic courts will be clogged -- already, they are so busy that people at the end of long lines are given vouchers guaranteeing them a spot near the front of the line the next day. A projected $85-million budget shortfall for the fiscal year beginning July 1 prompted the cuts, forcing the closure of seven regional courthouses this month and the elimination of more than 500 jobs.