CALIFORNIA | LOCAL
April 23, 2012 | By Sarah Peters, Los Angeles Times
After a 14-year dark spell, the remodeled Port Theater in Corona del Mar will reopen during this year's Newport Beach Film Festival with free screenings and seminars. The theater will officially welcome the public back on Saturday with the seminar series "Vision and Craft: The Art of Filmmaking," from 1 to 5 p.m. "Kingdom Come," a documentary by first-time director Daniel Gillies, will be screened at 5:30 p.m. The buzz surrounding the reopening of the East Coast Highway venue, which closed in 1998, could have been expected to increase ticket sales, but festival organizers said they decided to offer all of the programming for free throughout the festival, which opens Thursday and runs through May 3. "We thought that this was an important opportunity to give back to community and we are hopeful that in the future, patrons and sponsors will underwrite these opportunities," said Gregg Schwenk, the festival's chief executive.
BUSINESS
April 14, 2012 | By Ronald D. White, Los Angeles Times
A surge in cargo traffic at the ports of Los Angeles and Long Beach has officials hoping that the U.S. economic recovery is gaining strength despite worrisome signs overseas. Combined, the neighboring ports handled more than 1.1 million cargo containers last month, an increase of 9.8% compared with March 2011. Much of the strength came from strong growth in imports, which were up a combined 12.8% for both ports compared with the same month last year. "Hopefully, it means that importers are starting to replenish their inventories" because they think that U.S. consumers will be in a buying mood, said Art Wong, spokesman for the Port of Long Beach.
BUSINESS
April 4, 2012 | By Ronald D. White, Times Staff Writer
Port of Long Beach officials and executives from the shipping company Orient Overseas Container Line formally signed off on the port's biggest ever lease agreement. The ceremony took place in Hong Kong on Tuesday, but port officials didn't announce it until Wednesday afternoon. The agreement commits OOCL to a $4.6-billion, 40-year lease of the port's new Middle Harbor container terminal, which is under construction. “I can't overstate the significance of this agreement,” said J. Christopher Lytle, executive director of the nation's second-busiest cargo container port.
BUSINESS
March 15, 2012 | By Ronald D. White, Los Angeles Times
The ports of Los Angeles and Long Beach saw more of a decline in cargo traffic in February than other ports around the nation, perhaps proving there is one month out of the year in which there's little advantage in having China as a primary trading partner. That's because of the annual Chinese New Year celebration. Chinese factories traditionally close for the celebration for a week or more. This year, the factory slowdown hit trade traffic in February. The ports of Los Angeles and Long Beach, the busiest U.S. seaport complex, move 40% of the nation's Asian imports, and most of that comes from China.
BUSINESS
March 14, 2012 | By Ronald D. White
The nation's busiest seaport complex had a down month for cargo statistics in February compared with a year earlier, but officials blamed it in part on an early Chinese New Year's celebration that idled factories in that nation. Combined, for example, the ports of Los Angeles and Long Beach moved a total of 445,835 cargo containers carrying imported goods last month. That was a decline of 12.5% from a year earlier. Chinese factories traditionally close for the celebration for a week of more, said Art Wong, a spokesman for the Long Beach port.
CALIFORNIA | LOCAL
March 10, 2012 | By Diana Marcum, Los Angeles Times
The name painted in the plate-glass window, "Bradley's," has a martini glass standing in for the "y. " The late-afternoon sun has turned the other windows into mirrors. Deep inside, in bar-appropriate shadow, patrons rest their drinks on 100-year-old mahogany and, as in many a neighborhood pub, consider hopes gone astray. Across the way are a marina without boats and parking garages without cars. There are few people outside on downtown sidewalks. PHOTOS: Hard times in Stockton This is what it looks like when a city is close to going under.