November 11, 2013 |
SAN FRANCISCO - Ray McClure was lucky enough not only to get hired as one of Twitter's first employees but to get some stock. When he left Twitter in 2007 after one year, McClure cashed out a bit at a time by selling his shares privately. He opened an art gallery with his wife. He bought a house in San Francisco, sold it several years later for a tidy profit, then bought another. And he hasn't had to work, spending the last year at home caring for his 18-month-old daughter. "It changed my life in a very positive way," McClure, 35, said.
November 6, 2013 |
A deal to sell the Riverside Press-Enterprise to the owner of the Orange County Register may be in jeopardy less than a month after it was announced. On Oct. 10, Aaron Kushner, owner of the Register, said he would buy the Inland Empire's largest newspaper for $27.25 million, adding it to his fast-growing stable of Southern California dailies. But a filing by A.H. Belo Corp., the Press-Enterprise's current owner, casts doubts on the deal. Originally slated to close Oct. 15, the sale has been extended to Nov. 15, according to the Monday filing to the Securities and Exchange Commission.
November 5, 2013 |
The Boston Red Sox sure are a classy organization. Either that or they sure know how to rub a championship in the face of the team they just beat in the World Series. Red Sox ownership took out a full-page ad in Tuesday's St. Louis Post-Dispatch, thanking the city for its hospitality during the series and honoring the Cardinals and their fans. Boston-area fans got to read a similar letter in a full-page Boston Globe ad last winter from the Chicago Blackhawks, who defeated the Bruins in the Stanley Cup Final.
October 19, 2013 |
"The right ring finger. ... No, THE LEFT RING FINGER!" It's minutes before sunrise at Westchester's Kerlan-Jobe sports medicine clinic and Johnny Knoxville has very nearly, accidentally, authorized orthopedic surgery on the wrong hand. His uninjured hand. A clinic administrator taking down Knoxville's information shakes her head in disbelief. Within the hour, the co-creator and breakout star of MTV's cultishly beloved series "Jackass" - and a trio of spinoff movies that have a combined gross of more than $335 million - will be under general anesthesia and no longer able to rectify any self-inflicted finger fiascoes.
October 9, 2013 |
In a move that could disappoint gift givers and would-be collectors, Walt Disney Co. will stop issuing paper stock certificates. The Burbank-based entertainment giant has long offered physical stock certificates that include the images of popular cartoon characters such as Mickey Mouse, Donald Duck and Bambi. Starting Oct. 16, the company will only issue shares digitally. PHOTOS: Hollywood Backlot moments "Like hundreds of other companies, Disney will no longer be issuing paper stock certificates in an effort to create a more secure and efficient system," the company said in a statement.
October 3, 2013 |
SAN FRANCISCO -- Twitter just minted a billionaire -- at least on paper. Evan Williams, the 41-year-old co-founder of Twitter, owns 12% of the social media company that is expected to go public next month, according to a filing with the Securities and Exchange Commission on Thursday. Twitter has been valued on the secondary markets at about $9.4 billion, making Williams' stake worth more than $1.1 billion. Forbes is estimating Williams, Twitter's largest individual shareholder, may be worth closer to $1.4 billion based on current valuations.
September 29, 2013 |
Lane Kiffin was never the long-term solution for USC football. He was an eleventh-hour poker play in 2010 by former athletic director Mike Garrett, a desperate short-term move to save a program from the NCAA sanctions that were about to be handed down under Garrett's arrogant watch. Garrett fooled us all by hiring a coach under NCAA investigation at Tennessee to a school going on NCAA probation. How brilliantly sinister! Never mind Kiffin lacked the credentials or the pedigree, he was a not-too-distant member of Pete Carroll's old glory guard.
September 26, 2013 |
WASHINGTON - The Obama administration, facing glitches in necessary computer systems, is delaying two online tools supposed to go live Tuesday for enrolling Americans in insurance under the president's health law. California is unaffected by the delay. But small businesses in some states that want to sign up their employees for health coverage on new federally run marketplaces created by the Affordable Care Act will have to use paper forms until November, according to administration officials.
CALIFORNIA | LOCAL
September 25, 2013 |
About 100 pounds of marijuana hidden underneath clothes in checked baggage and covered in birthday wrapping paper was seized at Los Angeles International Airport on Wednesday morning. The pot has an estimated street value of about $300,000, according to the Transportation Security Administration. At 5:15 a.m., officials at one of the terminals "reported four suitcases full of marijuana were discovered," according to a statement from TSA Public Affairs Manager Nico Melendez. The marijuana was wrapped in green cellophane and covered with birthday wrapping paper, Melendez said. The bags belonged to two different passengers on a flight bound for Atlanta. The passengers did not board the flight and have not been found, the TSA said.
September 24, 2013 |
It was a game within a game for the Denver Broncos offense -- and Peyton Manning didn't even know about it. The trio of Broncos running backs were feeling so comfortable in Monday night's 37-21 victory over Oakland, they played a game of rock, paper, scissors to decide who got to blast into the end zone for a one-yard touchdown. "We were just messing around on the sideline," running back Ronnie Hillman explained. "Just something to do. Have fun. " The play in question came in the fourth quarter after Hillman tore off a 19-yard run that looked to be a touchdown.