BUSINESS
May 22, 2012 | By Ryan Faughnder, Los Angeles Times
A federal administrative judge ruled that pomegranate juice maker Pom Wonderful used deceptive advertising when it implied its products could treat or prevent serious diseases and other medical conditions. Judge D. Michael Chappell upheld much of a 2010 Federal Trade Commission complaint against the Los Angeles company owned by Lynda and Stewart Resnick. The judge said in his decision issued Monday that Pom used "insufficient" evidence to back its claims that Pom products "treat, prevent or reduce the risk of heart disease, prostate cancer or erectile dysfunction.
BUSINESS
May 18, 2012 | By Tiffany Hsu
Winnebago Industries Inc., maker of the cult favorite recreational vehicles, reviewed and rejected an unsolicited $321.5 million takeover bid from a private equity firm Friday. In a letter, North Street Capital offered $11 per share in cash for Winnebago – a 29% premium over the Iowa company’s Thursday close.
BUSINESS
May 18, 2012 | By Don Lee, Los Angeles Times
WASHINGTON - The Obama administration ordered tariffs of 31% and higher on solar panels imported from China, escalating a simmering trade dispute with China over a case that has sharply divided American interests in the growing clean-energy industry. The Commerce Department announced the stiff duties Thursday after making a preliminary finding that Chinese solar panel manufacturers "dumped" their goods - that is, sold them at below fair-market value. The widely anticipated ruling, if affirmed by U.S. trade officials this fall, is expected to have significant implications for both the global production of solar cells, now largely in China, and the growth of the solar energy industry in the U.S., which employs about 100,000 people in manufacturing, installation and services.
IMAGE
May 13, 2012 | By Booth Moore, Los Angeles Times Fashion Critic
Fashion jewelry design is in the midst of a renaissance the likes of which we haven't seen since the 1980s. And Alexis Bittar blazed the trail. In the last two decades, the New York-based jewelry designer has gone from selling his signature colorful, hand-carved Lucite pieces on the streets of SoHo to bejeweling leading ladies in Hollywood and beyond, including Lady Gaga, First Lady Michelle Obama, Madonna, Cameron Diaz, Meryl Streep and Rihanna....
BUSINESS
May 12, 2012 | By Patricia Callahan and Sam Roe
Dr. David Heimbach knows how to tell a story. Before California lawmakers last year, the noted burn surgeon drew gasps from the crowd as he described a 7-week-old baby girl who was burned in a fire started by a candle while she lay on a pillow that lacked flame retardant chemicals. "Now this is a tiny little person, no bigger than my Italian greyhound at home," said Heimbach, gesturing to approximate the baby's size. "Half of her body was severely burned. She ultimately died after about three weeks of pain and misery in the hospital.
WORLD
May 10, 2012 | By Robyn Dixon, Los Angeles Times
JOHANNESBURG, South Africa - For a Soweto boy, he had a lot of sneakers. He remembers the joy of that first pair. They had to be red. Walking out of the shop carrying a cardboard box with the sneakers, Sifiso Dlamini, at 12, took the first steps on a long journey in search of the soul of a shoe. "Having a pair of sneakers in Soweto meant a lot. You were cool and every kid on the block wanted to have their pair of sneakers. "I had a lot, because I was obsessed" - a dozen pairs, more than anyone he knew in the township.