February 26, 2014 |
The massive theft of Target Corp. customer data contributed to a huge drop in fourth-quarter profit as the retailer scrambled to win back the trust of consumers and shore up its hobbled payments system. The Minneapolis-based chain reported that profit was nearly halved from a year earlier to $520 million and revenue slid 5% to $21.5 billion. Target also racked up $61 million in expenses related to the hack, though it expects all but $17 million of that to be covered by insurance.
CALIFORNIA | LOCAL
February 25, 2014 |
SAN FRANCISCO - In a predawn sweep that stunned the Salinas Valley town of King City, the acting police chief, a former chief, other police employees and a towing company owner were arrested Tuesday, some on charges connected to a scheme to steal impounded cars belonging mostly to Latino immigrants, authorities said. A police sergeant was allowed to keep one impounded vehicle for every 10 to 15 he steered to a towing company owned by the brother of the acting police chief, according to the criminal complaint.
February 24, 2014 |
MOSCOW - Stanford political science professor Michael McFaul's two-year stint as U.S. ambassador to Russia coincided with a diplomatic chill seemingly worthy of the Cold War era. U.S. Agency for International Development advisors were expelled. American democracy-building emissaries were demonized as foreign agents. American adoptions of Russian orphans were banned in a game of political point-scoring. National Security Agency leaker Edward Snowden was granted political asylum, and bitter disputes over how to stem the bloodshed in Syria and restore civic peace in Ukraine put the U.S. and Russia on opposite sides of an increasingly strident ideological battle front.
February 22, 2014 |
Los Angeles has one of the highest levels of income inequality in the nation, but that's due in part to a relatively strong local economy that's stoking the fortunes of higher-income people, according to a new study. Of the 50 largest U.S. cities, L.A. has the ninth-highest level of income disparity, according to the analysis by the Brookings Institution, a Washington think tank. The top three are Atlanta, San Francisco and Miami. Inequality has become a flash point nationwide as the wealth of top earners surges while the middle and lower classes grapple with stubborn income stagnation.
CALIFORNIA | LOCAL
February 21, 2014 |
ALTURAS, Calif. - The afternoon at City Hall was winding to a close on Thursday when a woman splattered with blood began ringing the bell and screaming for help. She had come around the corner from a tribal meeting where police say a woman shot and killed four people, three of them her relatives. The suspect, Cherie Lash Rhoades, previously had been chairwoman of the small Northern Paiute tribe, but the meeting was being held to evict her and her son from the rancheria. "It's not every day that you see someone covered in blood screaming at the window at City Hall," said Alturas Police Chief Ken Barnes.
February 20, 2014 |
INDIANAPOLIS - A scant three weeks into the off-season, the NFL is dealing with three public relations infernos, two involving current players. There's the Miami Dolphins bullying saga, chronicled in a just-released investigation that pulled back the curtain on the team's toxic locker room culture. The Dolphins have fired their offensive line coach and longtime trainer, and player suspensions could be in the works. There's the arrest of retired Pro Bowl safety Darren Sharper, most recently an NFL Network analyst, on charges that he drugged and raped two women.