August 2, 2012 |
According to a new report, U.S. workers could see an increase in pay despite a lagging labor market and an uncertain economic outlook. The human resource consulting firm Mercer says base pay is expected to rise an average of 2.9% in 2013, up slightly from 2.7% in 2012 and 2011 and 2.3% in 2010. The forecast indicates a steadily increasing trend in base pay, the report said. “Base pay is still the most important element of the employment deal," Mercer executive Catherine Hartmann said.
January 2, 2013 |
DreamWorks Animation may end up losing nearly $100 million on its recent holiday release "Rise of the Guardians. " That's the sobering prediction of Lazard Capital Markets analyst Barton Crockett. In a research note on Wednesday, Crockett said he expects the Glendale-based studio will take a $96 million write-down on "Rise of the Guardians," which has been a rare box office flop for DreamWorks. 'Rise of the Guardians,' which cost about $145 million to make, has generated $261 million in global box office ticket sales since its debut in late November, well below that of a typical DreamWorks Animation movie. The movie -- about a group of folk heroes, including the Tooth Fairy and Santa Claus, who join forces to protect children from an evil nemesis -- has yet to open in New Zealand, Poland, Turkey and Japan.
November 21, 2009 |
The effect of climate change is anything but hypothetical to retired Colombian naval officer German Alfonso. Just ask him about the time his neighborhood in this historic coastal city became an island. For five years, Alfonso, 74, has watched tides rise higher and higher in the Boca Grande section of Cartagena. This month, tides briefly inundated the only mainland connection to his neighborhood, a converted sandbar where about 60 high-rise condo and hotel towers have been built in the last decade or so. "Before, people thought it a normal phenomenon.
March 14, 2009 |
For Dinara Safina, it is time. Lil' sister deserves her own picture over the fireplace. No more hand-me-downs. No tennis rackets with man-sized grips. No more keys to big-brother's old convertible. Safina is now four tennis-match victories away from not having to pass the potatoes first at the dinner table at home. If she gets to the final of the BNP Paribas Open at Indian Wells next weekend, she will become the No. 1 player in the world.
June 25, 2012 |
Sea levels in a 620-mile "hot spot" along the Atlantic coast are rising three to four times faster than the global average, according to a new study by theU.S. Geological Survey. The sharp rise in sea levels from North Carolina to Massachusetts could mean serious flooding and storm damage for major cities such as New York, Philadelphia and Boston, as well as threats to wetlands habitats, the study said. Since 1990, sea levels have risen 2 millimeters to 3.7 millimeters a year from Cape Hatteras, N.C., on the Outer Banks, to Boston, said the study, published in the journal Nature Climate Change.
July 15, 2012 |
A high-rise office building on Bunker Hill in downtown Los Angeles has been acquired by CBRE Global Investors, an affiliate of L.A. real estate brokerage CBRE Group Inc. CBRE Global bought 400 S. Hope St., a 26-story tower at the southeast corner of Hope and 4th streets. The price of the sale by New York investors Tishman Speyer and BlackRock Inc. was not disclosed, but downtown real estate experts familiar with the property valued it at $236 million. The 700,000-square-foot building was completed in 1982 to be the headquarters of law firm O'Melveny and Myers.
July 20, 2009 |
Allergies are on the rise, experts know. What they don't know is why. The most popular theory is the so-called hygiene hypothesis. It holds that our culture's addiction to cleanliness, antiseptics and antibiotics prevents our immune systems from developing the ability to ward off real infections. Our bodies then end up overreacting to things they should be ignoring.
November 23, 2012 |
Your Christmas roast may cost far more than it did last year, but the soaring price of beef is set to simmer down in 2013, according to the U.S. Department of Agriculture. Retail beef and veal prices are projected to rise 5.5% to 6.5% this year, more than previously estimated, after a scorching summer drought in the Midwest seared through crops used for livestock feed. Next year, the meat will cost consumers 3% to 4% more - but that's less than the USDA previously forecast.
April 17, 2012 |
Spending by international visitors to the U.S. continued to rise in February, doubling the increase seen in the previous month. International visitors spent an estimated $13.3 billion on travel to the U.S. and on accommodations, food and other costs while in the country in February, a 14% increase compared with February 2011, according to the Department of Commerce. In January, foreign travelers spent $12.87 billion, a 7% increase from the same month in 2011, the agency said.
July 30, 2012 |
Corn prices rose Monday to record levels as the prolonged Midwest drought continued baking the nation's crops. Corn futures for September delivery rose almost 3% to $8.20 per bushel. And December corn rose to $8.13. Since the beginning of June, corn prices have risen more than 50%. The U.S. Department of Agriculture on Monday downgraded the condition of the country's corn crop for the eighth week in a row since the Midwest has been gripped by a searing drought. Now, only 24% of the country corn crop is in "good" or "excellent" condition -- that's down from 26% the week before.