CALIFORNIA | LOCAL
October 12, 2013 |
California bullet train officials, responding to a judge's ruling that the project has failed to comply with voter-imposed spending controls, argued Friday that they can use federal funds to begin construction of an initial 29-mile segment of Central Valley track. The state's high-speed rail agency asserted in a legal filing that using federal funds would not trigger restrictions imposed in 2008 on use of state bond money for the proposed $68-billion, Los Angeles-to-Bay Area high-speed train.
October 9, 2013 |
Hewlett-Packard's stock rose more than 5% on Wednesday after Chief Executive Meg Whitman told analysts that the company's revenue was finally stabilizing after several years of decline. Whitman made her remarks at the company's annual analyst day. Last year, Whitman laid out a five-year turnaround plan for the company, but in recent months, analysts and investors had begun to have doubts that her efforts were gaining any traction. ...
CALIFORNIA | LOCAL
October 9, 2013 |
Hoping that an outside manager can bring more dazzle to the Los Angeles Convention Center, City Council members agreed Wednesday to pay Anschutz Entertainment Group up to $350,000 a year to operate the dated downtown venue. The five-year contract provides AEG an annual base fee of $175,000 with the potential to double that if it meets certain targets, such as raising revenues and bookings at the 1970s-era facility. The unanimous vote culminated a nearly yearlong effort to find a private operator for the city-owned Convention Center and negotiate a contract that will benefit both the city and its new management team.
October 4, 2013 |
SAN FRANCISCO - Fans of "Castle in the Sky" in Japan set a world record in August when they sent 143,199 tweets in a single second while watching a rerun of the 1986 anime classic on television. The social media frenzy that took place thousands of miles from Twitter's San Francisco headquarters underscored just how ingrained the microblogging service is in Japanese popular culture - and how much of an international phenomenon it has become. With more than three-quarters of Twitter's 218 million monthly active users hailing from outside the United States, Twitter has vast potential to turn that overseas popularity into a thriving advertising business, analysts say. Yet Twitter makes far more of its advertising revenue from Americans than from foreign users.
October 3, 2013 |
SAN FRANCISCO - As Twitter Inc. opened itself up to public scrutiny for the first time, it did not limit itself to 140 characters - not even to 140 pages. Twitter on Thursday made public 240 pages of documents it filed secretly over the summer, starting the countdown to one of the most hotly anticipated technology stock offerings since Facebook. The financial world was all atwitter as prospective investors pored over the filing that offered the first detailed look under the hood of the privately held company.
September 24, 2013 |
Los Angeles builder KB Home rode the housing recovery to soaring revenue and profit during the third quarter, as it sold more homes at higher prices. The Southland's largest production home builder beat Wall Street's profit expectations Tuesday, reporting net income of $27.3 million, or 30 cents per share, in the third quarter. That's up remarkably from $3.3 million, or 4 cents per share during the same period last year. Revenue climbed 29% over the year to $549 million, as each of the company's regions - the West Coast, Southwest, Central and Southeast - brought in at least 25% more in revenue. Still, analysts followed by Yahoo Finance expected more, $569.6 million in revenue.
September 19, 2013 |
Floyd Mayweather Jr.'s dominating win over "Canelo" Alvarez was the richest fight ever, a box-office smash at the arena and on television. Showtime said Thursday that at least 2.2 million homes bought the pay-per-view for the bout, second only to the 2.44 million homes in Mayweather's 2007 fight against Oscar De La Hoya. With the highest pay-per-view boxing price - at an average of more than $70 - the fight will generate nearly $150 million in revenue in TV sales alone. Nevada boxing regulators said the gate for the bout was just more than $20 million, also a record.
September 17, 2013 |
LOGAN, W.Va. - When President Obama laid out ambitious plans in June for combating climate change, coal miners like Roger Horton heard what they considered the latest fusillade in the administration's "war on coal. " Until his retirement two weeks ago, Horton, 59, worked underground for decades in southern West Virginia's Logan County, then operated a 200-ton earth-moving truck to remove debris from blasted mountaintops. A milestone in Obama's initiative will come this week, when the Environmental Protection Agency is expected to issue rules limiting emissions from new power plants.
CALIFORNIA | LOCAL
September 5, 2013 |
The California Science Center gave final approval Wednesday to a deal that grants USC control over the publicly owned Los Angeles Memorial Coliseum and nearly all of its revenue for the next century. With no debate, the lease agreement passed on a voice vote by five of the eight Science Center board members, all appointed by the governor's office. Finalizing the arrangement took more than a year longer than the Coliseum's governing commission had hoped, largely because its secretive handling of the lease deliberations alienated key backers of the Science Center and two other museums that share Exposition Park with the stadium.
September 3, 2013 |
There isn't even a finished script yet, but NBC has already run into trouble with its planned biopic about Hillary Rodham Clinton. Executives in July announced plans for a miniseries starring Diane Lane that would look at the life and career of the former first lady, New York senator and secretary of State. What angle the miniseries will take is far from clear, but Clinton's political opponents, expecting her to run for president in 2016, aren't taking any chances. Republican National Committee chairman Reince Priebus called "Hillary" a "political ad masquerading as an unbiased production," and the RNC said it would nix NBC from its primary debates if the network went ahead with plans.