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AUTOS
February 19, 2014 | By Jerry Hirsch
Here are the five questions Tesla Motors Chief Executive Elon Musk needs to answer when the electric car company releases its fourth quarter and full-year financial results Wednesday afternoon. 1. Is a merger with Apple coming? Musk met with Adrian Perica, a former Goldman Sachs investment banker who heads Apple's mergers-and-acquisitions team, last year. Might Tesla -- and its astounding $25-billion market valuation for what really is a very small company -- be in play?
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BUSINESS
February 13, 2014 | By Stuart Pfeifer
Burger King reported Thursday that profits soared 37% in the fourth quarter as the company reduced costs and benefited from growth overseas and the popularity of new menu items. The fast-food giant, which operates 13,600 restaurants in more than 90 countries, said it earned $66.8 million in the quarter, compared with $48.6 million in the same period the year before. Revenue for the quarter was $265 million, down $405 million, a result of the franchising of many company-owned restaurants.
SPORTS
February 12, 2014 | By Eric Sondheimer
 The CIF state championship bowl games last December in Carson produced a profit of $70,000, CIF associate director Ron Nocetti said. It's only the second time in eight years of the bowl games that a profit was made after expenses, according to Nocetti. The Open Division final between St. John Bosco and De La Salle drew the largest crowd in bowl history. The total attendance for the final day was 16,791, with the majority coming for the Open Division final that produced long ticket lines and caused some people to give up. Executive Director Roger Blake said one lesson learned is to warn fans to arrive much earlier than waiting until the last minute to purchase tickets for the final game of the two-day bowl games.
BUSINESS
February 9, 2014 | By Hugo Martín
The world's airline industry has rebounded from the recession and expects 2014 to be the most profitable year on record, thanks to stable fuel prices and growing travel demand. That's great news if you're an airline executive or shareholder. But don't expect the suddenly well-off airlines to pass along their good fortune to passengers by slashing fares. Industry experts do say the continued pressure from low-cost carriers should keep the big network carriers from imposing dramatic fare hikes.
BUSINESS
February 9, 2014 | By Hugo Martin
The world's airline industry has rebounded from the recession and expects 2014 to be the most profitable year on record, thanks to stable fuel prices and growing travel demand. That's great news if you're an airline executive or shareholder. But don't expect the suddenly well-off airlines to pass their good fortune along to passengers by slashing fares. Industry experts do say the continued pressure from low-cost carriers should keep the big network carriers from imposing dramatic fare hikes.
ENTERTAINMENT
February 8, 2014 | By L.J. Williamson
Enjoy whirlwind tours of Los Angeles neighborhoods, eavesdrop on celebrities, drive interest in your in-progress screenplay. Just when you thought this town's attention span couldn't get any shorter - or its residents any more publicity-hungry - along comes social video to prove that entertainment can be had in as little time as it takes to blurt out a one-liner. When photo-sharing site Instagram introduced its 15-second video feature last June, many predicted that it would spell the demise of the Twitter-owned 6.5-second video service, Vine, launched just six months earlier.
ENTERTAINMENT
February 6, 2014 | By Daniel Miller
Sony Pictures Entertainment reported a profit of $231 million in the fiscal third quarter ending Dec. 31, a significant improvement from the previous quarter, when it lost $181 million. However, the film and television studio's profit was down 4.2% from the same period a year ago. Revenue was up 7.1% to $2.131 billion. Sony Pictures, a unit of Tokyo-based Sony Corp., is in the midst of a major cost-cutting initiative. The studio has said it will slash at least $350 million in overhead, and has been laying off employees.
ENTERTAINMENT
February 6, 2014 | By Meg James
Media company 21st Century Fox's fiscal second-quarter profit dropped 12%, largely because big-ticket feature films landed with a thud at the box office and singing competitions on the Fox TV network have been hitting sour notes. Fox's once-formidable "American Idol" no longer is invincible. The softer "Idol" ratings, and thus lower ad sales, contributed to Fox executives warning Wall Street on Thursday that its full-year earnings would not be as robust as initially thought. Weakness at Los Angeles film studio 20th Century Fox has put an even bigger drag on the company's bottom line.
ENTERTAINMENT
February 6, 2014 | By Meg James
Media company 21st Century Fox's fiscal second-quarter profit was sliced in half, largely because big-ticket feature films landed with a thud at the box office and the broadcast network continues its uphill slog. Fox's television show "X-Factor" with Simon Cowell was a factor all right - a factor contributing to the dramatically lower earnings for the company controlled by Rupert Murdoch. The singing competition stumbled in the ratings, and Fox Chief Operating Officer Chase Carey warned analysts that Fox's other competition tentpole, "American Idol," was losing steam faster than the company had hoped.
AUTOS
February 6, 2014 | By Jerry Hirsch
General Motors Co. posted a small increase in fourth-quarter profit but its results for the period disappointed Wall Street as business deteriorated in Asia and South America and the costs of restructuring operations in Europe mounted. The nation's biggest automaker said its fourth-quarter net income edged up to $913 million, or 57 cents a share, from $892 million, or 54 cents, in the same period a year earlier. Revenue in the quarter rose 3% to $40.5 billion. Earnings also were hurt by a higher-than-expected tax rate, said Chuck Stevens, GM's chief financial officer.
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