August 23, 2011 |
Shares of 99 Cents Only Stores Inc. surged Monday after a report that the City of Commerce discount chain would receive a new buyout offer. The company's stock rose $1.42, or 8.6%, to $18. Private equity firm Apollo Global Management has been courting 99 Cents Only and plans to make an offer for the chain, according to a news report. The bid would rival a $1.3-billion buyout proposal that 99 Cents Only received in March from the company's founding family and a Los Angeles investment firm.
July 29, 2011 |
The chief of staff for rebel forces fighting to overthrow Libyan leader Moammar Kadafi was attacked and killed Thursday, according to the rebels' leadership council. In a terse announcement that left many questions unanswered, the president of the council said Gen. Abdul Fatah Younis and two other commanders were killed as they returned from the eastern front near Port Brega to Benghazi, the de facto rebel capital. Reading haltingly from a brief communique, Mustafa Abdul Jalil, president of the Transitional National Council, said pro-Kadafi gunmen had infiltrated rebel-held areas, but he did not specifically blame them for the killings.
June 9, 2011 |
Gunmen in "military uniform and government cars" were responsible for the recent killings of as many as 120 Syrian security forces in the northwestern city of Jisr Shughur, the official Syrian Arab News Agency said Wednesday. The news agency's statement could signal a dramatic division within Syria's security forces and lend credence to opposition claims of clashes between forces loyal to President Bashar Assad and those refusing to take part in a violent crackdown against pro-democracy demonstrators.
June 5, 2011 |
An overnight attack by an unmanned aircraft killed Ilyas Kashmiri, an Al Qaeda-linked operative blamed for several high-profile attacks in Pakistan and India, local news reports and a statement by his banned militant organization said Saturday. If borne out, this would be the second major U.S. anti-terrorism coup in quick succession, coming just a month after the killing of Al Qaeda leader Osama bin Laden by Navy SEALs. Analysts had identified Kashmiri as a possible Bin Laden successor.
May 28, 2011 |
North Korea released a California businessman who had been imprisoned since November and reportedly faced charges of proselytizing, which is illegal in the country, according to wire service reports. Jun Young-su of Orange County was released on humanitarian grounds, according to the official Korean Central News Agency. He arrived in Beijing early Saturday, the Associated Press said. Jun, also known as Eddie, is reportedly about 60 years old and a naturalized U.S. citizen. He was working legally in North Korea when he was detained.
May 21, 2011 |
Ai Weiwei, the dissident artist whose arrest has prompted an international outcry, is being charged with evading "huge amounts" of taxes, Chinese state media reported late Friday. The brief dispatch on the New China News Agency was the first official disclosure of the charges being leveled against the 54-year-old artist, who was arrested without warning at Beijing's international airport April 3. The report also said that his company, Beijing Fake Cultural Development Ltd., had "intentionally destroyed accounting records" and committed other criminal acts.
May 11, 2011 |
The news that Arnold Schwarzenegger and Maria Shriver have split could not help but bring back memories of the reporting 7 1/2 years ago in this newspaper about Schwarzenegger's aggressive, loutish behavior toward women. No reason has been stated for the breakup between the former governor and California's former first lady. And maybe no cause will ever be revealed, though the stature of the two media-political heavyweights guarantees that there will be plenty of reporting and speculation.
April 19, 2011 |
A 9-year-old boy saved his drowning sister by administering CPR -- which, he says, he learned by watching television. Tristin Saghin and his family were visiting his grandmother in Mesa, Ariz., when his grandmother and mother suddenly realized that the 2-year-old girl had gone missing. They ran outside and found her floating in the swimming pool. As his elders called for help, Tristin began performing chest compressions and mouth-to-mouth on the toddler, according to the ABC15 news report . "I knew what I was doing," he is reported to have said.
April 16, 2011 |
Several big news organizations fell for a stunning, albeit fake, piece of business news this week — that General Electric would voluntarily pay the government a $3.2-billion tax "refund. " Some news-types responded to the hoax with indignation, others bemusement. Both those groups must have been outnumbered, though, by the resolute. This couldn't, wouldn't … shouldn't happen again. But, take notice, newshounds: The tricksters and political pranksters have numbers.
March 30, 2011 |
A little-reported Federal Communications Commission action last week has put TV stations on notice: They can't hand over airtime for commercial pitches unless they clearly label the sponsors. The agency moved toward fining an NBC affiliate in Atlantic City, N.J., and a Fox-owned station in Minneapolis for failing to provide "sponsorship identification announcements. " The stations did not clearly tell their audiences that manufacturers were behind, respectively, glowing news segments on a cold remedy called Zicam and on a line of General Motors cars.