April 11, 2014 |
The ports of Los Angeles and Long Beach are like the Coke and Pepsi of U.S. maritime transportation. They seem similar, they dominate the competition but they have a long history of less-than-friendly rivalry. Now, an independent commission's proposal to merge the neighboring harbors is being met with skepticism. The L.A. 2020 Commission, made up of prominent business, labor and civic leaders, on Wednesday unveiled a series of recommendations that included merging the ports of Los Angeles and Long Beach.
April 9, 2014 |
Comcast Corp., already the nation's largest cable and Internet provider, says it needs to get bigger to compete against the formidable giants of Silicon Valley. The Philadelphia-based cable behemoth said in a government filing Tuesday that its proposed $40-billion acquisition of Time Warner Cable Inc. will benefit consumers without limiting competition. Both companies contend that they need muscle to compete against emerging competition from Google Inc., Apple Inc., Netflix Inc. and Amazon.com Inc. Comcast said in a 175-page document filed with the Federal Communications Commission that the deal would mean better Internet and cable TV service for millions of consumers.
March 26, 2014 |
About 150 employees at rocket engine maker Aerojet Rocketdyne in Canoga Park were told Wednesday that they would be laid off as part of a companywide reduction that the company says is related to last year's merger. Aerojet Rocketdyne was created by the sale of Rocketdyne to GenCorp Inc. for $550 million, a deal that was finalized last summer. It brought together two major California rocket companies - and longtime competitors. GenCorp already owned Aerojet, the Sacramento aerospace firm founded in 1942.
March 26, 2014 |
Once again there is speculation that satellite broadcasters Dish and DirecTV are in merger talks, this time courtesy of a story in Bloomberg. These stories have been popping up about every six months. Typically, the stocks of both companies get a nice boost and then a few weeks go by and nothing happens. Then six months later another story breaks and the process repeats itself. A combination of Dish and DirecTV would create a pay-TV powerhouse with about 35 million subscribers.
February 27, 2014 |
American Airlines has eliminated its so-called bereavement fares for people who need to book a last-minute flight because of the death of a loved one. The airline, which is merging with US Airways, said it discontinued the fare as of Feb. 18 to be consistent with the policies of US Airways. In the past, American Airlines offered a bereavement fare that was lower than typical last-minute fares but varied based on route, departure time, availability and other factors. In a statement, the airline said: "With the advent of more choices, lower cost carriers and larger networks, the industry has started to move away from bereavement fares because walk-up fares are generally lower than in the past, and customers now have more opportunities to find affordable fares at the last minute.
February 18, 2014 |
United Airlines' computer systems shut down briefly Tuesday, delaying takeoffs and frustrating passengers. The system problems that began in the morning represented the latest malfunction for the nation's third-largest carrier since United switched over to the computer systems of merger partner Continental Airlines starting in 2012. In a statement, the airline said: "This morning we experienced intermittent issues with our passenger service computer system, causing some flight delays.