November 25, 2013 |
The first major free-agent signing of the off-season, the St. Louis Cardinals' acquisition of shortstop Jhonny Peralta, has exposed still-open wounds in Major League Baseball on the topic of performance-enhancing drugs. Peralta was among 12 players who accepted 50-game suspensions after evidence linking him to the use of banned substances surfaced during baseball's investigation of a closed South Florida anti-aging clinic. Milwaukee Brewers outfielder Ryan Braun received a 65-game suspension for his connection to that case.
November 23, 2013 |
Bring out your dead The Brooklyn Nets' season is unfolding a bit like owner Mikhail Prokhorov's favorite work of Russian literature. Anyone who has read Nikolai Gogol's "Dead Souls" knows that's not a good thing. The novel starts with its protagonist, Chichikov , spending lavishly to buy the "dead souls" of the townspeople's serfs in a convoluted get-rich-quick scheme that quickly unravels. Prokhorov is paying about $183 million in salary and luxury taxes for a fossilized roster that is hemorrhaging players as injuries and defeats mount.
November 19, 2013 |
Carpinteria-based CKE Inc., known for the raunchy commercials and juicy burgers from its Carl's Jr. chain, will be sold to the owner of decidedly G-rated brands Cinnabon and Auntie Anne's. CKE, currently controlled by affiliates of New York private equity firm Apollo Global Management, will change hands to an affiliate of Roark Capital Group, a private equity firm in Atlanta. Roark's portfolio is stuffed with popular food brands such as Wingstop, Corner Bakery Cafe, Seattle's Best Coffee and Arby's.
November 18, 2013 |
The owner of the Riverside Press-Enterprise is threatening legal action against publishing entrepreneur Aaron Kushner if he fails to make good on his offer to purchase the newspaper. The $27.25-million deal had been set to close Friday. But the Press-Enterprise's owner, A.H. Belo Corp., said Monday that the transaction was still pending and that it will consider taking the matter to court to ensure that the deal is completed. "A.H. Belo and the Press-Enterprise Company are pursuing multiple options to promptly consummate the disposition," the company said in a statement.
CALIFORNIA | LOCAL
November 17, 2013 |
SAN FRANCISCO - The push to slow tenant displacements in a red-hot real estate market took on new urgency here last week, as Mayor Ed Lee announced that he has teamed with state legislators to push for changes to the California law powering the evictions. On Thursday, hundreds packed an afternoon Board of Supervisors hearing as longtime residents told of being pressed to move out of rent-controlled units by speculators who had bought their buildings - in many cases with the intent to flip them for sale to higher-income buyers.
CALIFORNIA | LOCAL
November 12, 2013 |
They call themselves guerreras -- warriors. The women of Pico Gardens have fought gang violence, unemployment, litter and potholes. So when rumors spread recently that their public housing project in Boyle Heights was going to be privatized, they organized. "We had to find out, 'What does this mean for us?' " said Daria Nunez, a resident for 26 years. "Are we going to lose our homes? Is rent going up? Will new managers treat us unfairly?" The city's Housing Authority, which manages the site, assured them at a recent community meeting that residents and rent would stay put. Rumors that a private, for-profit owner was taking over were untrue, officials said.