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BUSINESS
June 6, 2013 | By Jessica Guynn
MENLO PARK, Calif. -- In a bid to get marketers to spend more money, Facebook is addressing a common complaint from Madison Avenue: The giant social network has too many different types of advertising and it's too complicated and confusing for advertisers to figure out which one will work best for them. During a media event Thursday at its headquarters, the company pledged it would make it easier to set up advertising campaigns on Facebook. Facebook is under pressure to grow its advertising revenue, which accounts for 85% of its total revenue.
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CALIFORNIA | LOCAL
April 26, 2014 | By Louis Sahagun
The Los Angeles Zoo's new Rainforest of the Americas exhibit doesn't open until Tuesday, but it is already filled with commotion. Dwarf caimans and a giant bird-eating spider were exploring the creature comforts of their enclosures this week. Construction workers were inspecting thermostats and water pumps. The $19-million exhibit at the Los Angeles Zoo and Botanical Gardens is the last in a series of major projects built under Phase 1 of the 47-year-old facility's master plan.
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NEWS
February 11, 1986 | From a Times Staff Writer
President Reagan said Monday that he is "sorry" California has adopted a statewide lottery, calling it "a little bit undignified" for a state to rely on gambling as a means of raising revenue. "I don't exactly like the idea of government engaging in gambling," Reagan said at a luncheon with regional editors and broadcasters when asked about the increasing number of states adopting lotteries to raise money for education and other purposes. California voters approved a lottery in November, 1984.
BUSINESS
April 23, 2014 | By W.J. Hennigan
Boosted by strong sales, Boeing Co. beat analysts' estimates for its first quarter largely because of faster production of commercial jetliners. The Chicago aerospace giant reported a profit of $965 million, or $1.28 a share. That's down 12.7% from $1.11 billion, or $1.44 a share, a year earlier. Boeing attributed the fall to a $330-million write-off related to changes in its pension plans and a one-time tax credit in 2013. The company's core earnings - excluding retirement costs and the write-off - rose to $1.76 a share, up from $1.73 a share a year earlier.
BUSINESS
February 16, 1999 | From Bloomberg News
U.S. stock markets were braced for the possibility of selling pressure after the Presidents Day holiday if Dell Computer Corp. reports disappointing sales today. "We could have a nasty week," said Barry Hyman, senior market analyst at Ehrenkrantz King Nussbaum Inc. in New York. "Dell is important to the tech sector. Any shortfall or slowdown in growth is going to hurt this sector." Dell shares dropped 12% on Friday on concern that the No.
CALIFORNIA | LOCAL
April 17, 1990
I have always found the Reagan and Bush administrations' inability to logically distinguish between a tax and a user fee to be hilarious, in a sad and cynical sort of way. Apparently, if a Democrat wants to raise revenues, it's a tax. If a Republican wants to raise revenues, it's a user fee. BRYAN D. LE BLANC Los Angeles
BUSINESS
August 26, 1987
La Jolla-based Triton Group Ltd. reported a 32% increase in second-quarter net income, to $6.8 million. Revenues for the period rose 46% to $117 million. For the six months ended July 31, Triton net income is up 96% from the previous year to $11.6 million. Revenues for the two quarters total $237 million, up 30% from the same period a year ago. Triton, which is 41% owned by Intermark Inc.
NEWS
January 10, 1993
In your article "Fiscal Crunch Gives Casino Backers Hope" Jan. 3, only one reason can be cited for any form of legalized gambling in West Hollywood: revenues. We must also consider in this question of the legalizing of gambling the negative impact of gambling: crime and degradation of the neighborhood. It is not the only way West Hollywood could raise revenues. West Hollywood could increase revenues by encouraging the development of retail business and other working professionals within the West Hollywood Community.
OPINION
September 4, 2009
Tobacco tax: An Aug. 24 Op-Ed article on proposed state tobacco taxes suggested that "little, if any," of the revenues generated would go toward lung cancer research, and incorrectly explained how one bill would divvy up the revenues. It said 15% of the total revenues would go to offset decreases in existing general healthcare and school healthcare programs, and 85% would go into the state's general fund. In fact, the offset funds for those existing healthcare programs would come off the top of the revenues, and the remainder would be divided as follows: 15% would go to the state's tobacco prevention and control program and to a new lung cancer detection and treatment research program; 85% would go into the general fund.
BUSINESS
August 7, 1985
Laser Precision Corp., an Irvine manufacturer of industrial and laboratory testing instruments, lost $48,181 in the second quarter ended June 30, down from the $256,649 loss it posted for the same quarter a year ago. For the first half of 1985 the company's loss totalled $293,461, down from a loss of $694,380 for the first 6 months of 1984. Revenues for the second quarter were $2.37 million, compared to revenues of $1.9 million for the same period last year.
BUSINESS
April 23, 2014 | By Andrea Chang
Facebook crushed expectations with its first-quarter financial results. The world's biggest social network reported profit of $642 million for the three months ended March 31, nearly three times its profit of $219 million in the year-earlier period. Revenue was up 72%, to $2.5 billion. Excluding one-time items, Facebook's profit was $885 million, or 34 cents a share, compared with $312 million, or 12 cents, in the year-earlier period. Analysts had expected earnings per share of 24 cents on revenue of $2.36 billion, according to Thomson Reuters.
ENTERTAINMENT
April 23, 2014 | By Meg James
The NBC broadcast network, after trailing in the ratings for nearly a decade, could finish the TV season in first place among viewers prized by advertisers. Comcast Corp. executives Tuesday lauded the peacock network's performance, which helped power the Philadelphia cable giant's earnings for the quarter ended March 31. This season, NBC has increased its prime-time audience among viewers ages 18 to 49 - the audience that advertisers pay a premium to reach. "The Blacklist" with James Spader and the singing competition show "The Voice" have been reliable performers.
BUSINESS
April 23, 2014 | By Chris O'Brien
After weeks of anxiety among investors over Apple Inc.'s fiscal second-quarter results, the company delivered a one-two punch of good news Wednesday that sent its stock soaring. First, Apple posted revenue for the three months ending in March that beat both Wall Street's projections and its own guidance. And second, the company said it was expanding its record stock buyback and dividend plan to $130 billion from $105 billion. "We are announcing a significant increase to our capital return program," Apple Chief Executive Tim Cook said in a statement.
CALIFORNIA | LOCAL
April 10, 2014 | By Dan Weikel
Significant holes in record keeping at Los Angeles International Airport and inadequate oversight by the Federal Aviation Administration has made it difficult to ensure that millions of dollars in airport revenue are being spent properly for law enforcement, a new government audit has found. The review by the U.S. Department of Transportation's inspector general revealed that Los Angeles World Airports, the operator of LAX, has paid at least $7.9 million in the last few years to the Los Angeles Police Department without documentation showing that the services provided were airport-related.
WORLD
April 6, 2014 | By Carol J. Williams
MOSCOW - It can take Moscow residents two hours in dense traffic to drive the first 10 miles on the highway to St. Petersburg, in the direction of their country cottages surrounded by lakes and birch groves. Then the road's real limitations become apparent. The potholed two-lane route connecting Russia's two largest cities has never been upgraded into a proper highway. Anyone who cares to drive its entire 440-mile length - mostly truckers - will need at least 12 hours. But 5,600 miles away, the government spent more than $1 billion on less than a mile of bridge connecting Vladivostok with Russky Island, previously inhabited only by a military garrison so isolated that four soldiers starved to death in 1992.
BUSINESS
March 30, 2014 | By Stuart Pfeifer
Most people may take natural gas for granted. It fuels the flame on your stove, fires your furnace. It's there when you need it. For Sempra Energy, natural gas is big business. The San Diego company owns Southern California Gas Co., the nation's largest natural gas distribution company, and San Diego Gas & Electric, one of the largest publicly owned power companies in the country. Sempra reported net income of $1 billion last year on revenue of $10.6 billion. It has 17,000 employees worldwide and provides energy to more than 30 million people.
BUSINESS
May 7, 2008 | From Times Wire Services
U.S. manufacturing will see only "marginal" growth this year, according to an industry survey highlighting the difficulties facing the U.S. economy. The Institute for Supply Management said its semiannual survey of purchasing and supply executives delivered a sharp downgrade to expectations for revenues, which they saw rising by just 1% this year. That was a steep fall compared with the survey in December, which predicted a 6.8% increase in 2008 revenues.
BUSINESS
April 9, 1996
On Assignment Inc. completed its acquisition of EnviroStaff Inc., a Minneapolis-based concern that provides temporary workers to the environmental services industry in 12 states. On Assignment, based in Calabasas, issued 171,585 shares of stock to buy the company, a deal value at about $6.2 million. EnviroStaff had revenues last year of $10.6 million. On Assignment, which supplies temporary science workers to laboratories, posted revenues of $62 million in 1995.
BUSINESS
March 28, 2014 | By Andrea Chang
BlackBerry swung to a loss and reported a decline in revenue in its fourth quarter, but Chief Executive John Chen greeted the results with optimism. "I am obviously extremely pleased with the Q4 results because it put us on the track and if not, slightly ahead," Chen said in a call with analysts Friday. "I'm very pleased with the fact that the company's now back in execution mode. " The company's fourth-quarter loss was smaller than expected, but it missed on revenue. VIDEO: Unboxing the HTC One (M8)
BUSINESS
March 26, 2014 | By Stuart Pfeifer
The economy may have dug itself out of the worst recession in a generation, but gamblers apparently are still reluctant to put their money at risk in U.S. Indian casinos. Gambling revenue at tribal casinos slowed in 2012, growing at a slower pace than non-tribal casinos for the first time in nearly 20 years, according to a report released Wednesday. Indian casino revenue grew 2% to $28.1 billion, half the pre-recession growth of 4% in 2007, according to Casino City's Indian Gaming Industry Report.
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