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BUSINESS
April 13, 2014 | By Stuart Pfeifer
Jack, the round-headed fictional chief executive in Jack-in-the-Box commercials, is not only a hit on television. He's also popular on Wall Street. In the last year, investors have driven the company's stock price up more than 80% - and industry analysts are bullish about the company's future. Jack in the Box Inc.'s profit was up sharply in its recently completed fiscal first quarter, as sales increased at its flagship restaurants and at the company's other brand, Qdoba Mexican Grill.
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SPORTS
April 12, 2014 | By Kevin Baxter
If you ask Ian Rush, Sunday's English Premier League match between first-place Liverpool and fast-closing Manchester City is about more than soccer supremacy. Oh, sure, it will be a clash of styles and philosophies, one that will push the winner closer to the Premier League title with less than a month left in the season. But to hear Rush tell it, it will also be a battle of the banks, one matching the haves against the have-mores. "Manchester City, you expect it because of the amount of money they pay for players," says Rush, Liverpool's all-time scoring leader and now an ambassador for the club.
OPINION
April 11, 2014
Re "Beef goes high steaks," April 9 In order to appreciate the article on the price of beef, it helps to know math and statistics. As a mathematics professor at Cal State Long Beach, perhaps I can help. The price of beef rose from $4.91 to $5.28 in one year. That's an increase of about 7.5%. Since Feb. 8, gasoline prices in Los Angeles have risen from an average of $3.58 a gallon to $4.14, a 15.6% increase in a much shorter period of time, and gasoline is a larger fraction of most people's budget than beef.
BUSINESS
April 11, 2014 | By Tim Logan
Home prices are likely to keep climbing in the Southland in the next few months, though not as fast as last year. That's the prediction from FNC, which forecasts a 3.7% rise in prices between March and August in Los Angeles and Orange counties and 4.2% in the Inland Empire. The Oxford, Miss.-based data firm runs a home price index based on “normal” - non-distressed - sales and how they would affect similar homes in the same area. Interactive: See home price gains where you live.
BUSINESS
April 10, 2014 | By Salvador Rodriguez
T-Mobile announced that it will sell iPads capable of connecting to LTE networks at the same price as iPads that can only connect to Wi-Fi networks, essentially offering customers a $130 discount on the Apple tablets. The Seattle-based carrier said the special prices would be available for a limited time starting Saturday. Customers can get the discounted iPads, as well as other tablets, for nothing down followed by 24 monthly payments that vary depending on the tablet chosen. Under this promotion, for example, customers can get the LTE 16-gigabyte iPad mini with Retina display, which normally retails for $529, for a total of $398.88.
BUSINESS
April 10, 2014 | By Tiffany Hsu
Family Dollar Stores Inc. said it would close 370 under-performing stores later this year and slash prices on 1,000 products after its profit for the second quarter plunged more than 30%. The North Carolina discount retail chain, which has more than a dozen stores in the Los Angeles area, also said it would curb store openings in the next fiscal years to 350 to 400. The company planned to launch 525 new stores this year. Family Dollar has 8,100 stores across the country. The so-called strategic actions also include “reducing corporate overhead,” a move that will result in job cuts.
BUSINESS
April 9, 2014 | By Jessica Wohl
CHICAGO - Wal-Mart is trying to make organic food more accessible to its budget-conscious shoppers. The retailer is making a bigger bet on the fast-growing category, teaming with Wild Oats to sell organic packaged food priced in line with conventional foods and at least 25% cheaper than other organic brands it currently carries. The effort by Wal-Mart, the world's largest retailer and the largest single seller of food in the United States, could have a ripple effect in the grocery industry.
CALIFORNIA | LOCAL
April 9, 2014 | By Emily Alpert Reyes
L.A. City Councilman Curren Price is pushing for Los Angeles to shut down “problem properties” more quickly after “destitute conditions” were found at a Hoover Street office building converted into apartments. “It took the involvement of three city departments to close this one property,” Price said in a council motion submitted Wednesday. “These city departments need to be able to better communicate and coordinate their efforts to close these properties in a timely manner, because residents should not be living in these substandard conditions.” Price wants several departments, including the Fire Department, the Housing and Community Investment Department and the Department of Building and Safety, to report back on how they could “do a better job of communicating and coordinating efforts to identify and close problem properties.” Escalating rents, scarce housing and continued financial struggles for Los Angeles families have forced more people into such conditions, Price said in a statement.
BUSINESS
April 9, 2014 | By David Pierson
That extra slice of bacon is going to cost more than just your cholesterol. Prices for the crispy treat rose 13% in February from a year earlier to $5.46 a pound, according to the U.S. Bureau of Labor Statistics , which looked at average prices in cities nationwide. Overall retail pork prices grew 7% in February from a year earlier to $3.73 a pound, according to the U.S. Department of Agriculture's Economic Research Service . The rising costs could be linked to a rare disease called porcine epidemic diarrhea, which is killing millions of pre-weaned piglets across the country.
BUSINESS
April 9, 2014 | By Tim Logan
Despite a boom of apartment building, the condo market in downtown Los Angeles remains tight as a drum. And that's pushing up prices. The price per square foot of a new condo downtown climbed 6% in March from February to $656, according to a new report from the Mark Co. , which tracks downtown real estate. The number of condos for sale, meanwhile, fell sharply as buyers snapped up units at downtown's lone new condo building: the Barker Block on Hewitt Street. At month's end, Mark said, there were only 27 new units for sale downtown, and the inventory of existing condos for sale would burn off in less than three months -- half of what's considered a healthy supply.
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