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November 19, 2012 | By Tiffany Hsu
There may be hope for Twinkies after all: Hostess Brands Inc. and its striking union agreed to a mediation that will forestall the company's planned liquidation for the time being. At a bankruptcy court hearing Monday in New York, 82-year-old Hostess had planned to ask permission to start shutting down its business. Instead, Judge Robert Drain urged the company and the Bakery, Confectionery, Tobacco Workers and Grain Millers International union to consider mediation. Both sides agreed to try to work through their conflict, which would preserve more than 18,000 jobs that will otherwise disappear if the Irving, Texas-based company closes its doors.
November 12, 2012 | By Tiffany Hsu
Bankrupt Twinkies maker Hostess Brands Inc. has some hard choices to make after spending the weekend dealing with worker strikes. On Friday, Hostess-employed members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union began to strike nationwide, blaming a “ horrendous contract ” that they claimed could cut wages and benefits up to 32%. Workers picketed or honored the strike in Sacramento, Los Angeles, Oakland...
October 13, 2012
Re "Soda giants' machines to post calorie counts," Business, Oct. 9 The so-called Western diet that has been invented mainly in America and is now spreading worldwide is responsible for declining health, including increased rates of diabetes, cancer and heart disease. Soft drinks are nothing more than liquid candy. Established guidelines from reliable sources recommend diets having a foundation of fruit and vegetables, whole grains, legumes and various other foods, including nuts and some fish.
October 11, 2012 | By Lisa Boone
After more than four decades in business, Arte de Mexico owner Jerry Stoffers has announced that he will close his 250,000-square-foot North Hollywood showroom complex early next year. Everything in the showroom will be liquidated at reduced prices: Hand-carved antique doors from India that were $2,000 to $6,000 will start at $595, and hand-carved wooden columns and sculpted marble columNs from India that had been $1,500 to $3,000 will begin at $499. FOR THE RECORD: Sept. 17, 2014: After this article was published, Arte de Mexico's owner decided not to close the store.
September 30, 2012 | By Kavita Daswani, Special to the Los Angeles Times
Set aside those pots of sheer glosses and tubes of shimmer. For fall, fashionable lips will be wearing liquid lipsticks, a new generation of lip cosmetics designed to go on almost like paint, create a stained or lacquered effect and last all day - and, in some cases, well into the night. International brands such as Guerlain and Revlon as well as smaller labels with cult followings, like Hourglass and Lush, are putting out versions of liquid lipsticks, providing a bold and dramatic counterpoint to summer's lighter sheens.
September 22, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON — Three states have joined a lawsuit challenging a key provision of the Dodd-Frank financial reform law enacted in 2010. The attorneys general of Michigan, Oklahoma and South Carolina argued that the federal government's new power to liquidate large, non-bank financial companies that are on the brink of failure is unconstitutional. "Dodd-Frank gives the U.S. secretary of the Treasury essentially unlimited power — with no judicial or Congressional oversight — to pick winners and losers among creditors when these large financial institutions go bankrupt," Michigan Atty.
September 6, 2012 | By Rene Lynch
A tip about liquid explosives has forced a US Airways flight headed to Dallas to return to Philadelphia. FBI spokesman Frank Burton told the Associated Press that US Airways Flight 1267 was already in the air when it was diverted back to Philadelphia International Airport following an anonymous tip. There were no injuries reported. had local TV footage that showed people being escorted off the plane, and a handcuffed man in a state police car. The online news outlet also reported footage of a man kneeling on the ground as a law-enforcement dog circled him, seeming to sniff around the individual.
September 1, 2012 | By E. Scott Reckard, Los Angeles Times
A well-known banking consultant has taken a dispute with CBRE Group Inc. to court, saying the Los Angeles real estate giant and Florida's Stonegate Bank defrauded him by rigging the bidding for a bank branch in an upscale Miami suburb. The case is a potential embarrassment for CBRE, the world's largest commercial real estate firm, and for the Federal Deposit Insurance Corp., which hired the company to sell off property it inherits from failed banks. CBRE violated FDIC rules by letting Stonegate pay less for the branch than consultant Kenneth H. Thomas bid for it, according to Thomas' lawsuit, filed in Miami-Dade County Circuit Court.
August 31, 2012 | By August Brown, Los Angeles Times
This Monday is Labor Day, and America will celebrate with a three-day weekend. But why should this great nation's working people wait until Monday to exercise their right to life, liberty and the pursuit of a deserved cocktail? Ducking out early on Friday is an American tradition to rival baseball and capitalism. Given the travails of the 99%, it's your patriotic duty to honor your laboring forebears and hit the pub while the sun's still high today. Here are a few of L.A.'s canonical three-martini lunch bars and early-evening happy hours.
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