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BUSINESS
July 15, 2012 | By Roger Vincent
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.
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BUSINESS
May 15, 2012 | By Marc Lifsher
SACRAMENTO -- The state government's contribution to employee pensions is expected to jump to $3.7 billion from $3.5 billion in the fiscal year that starts July 1. On Tuesday, a committee of the board of the California Public Employees' Retirement System recommended the increase as well as a $29-million drop to $1.2 billion for non-teaching school and community college district workers. Even with the increase, the state's contribution is lower than the $3.9 billion paid in fiscal 2010-2011, CalPERS said.
BUSINESS
May 9, 2012 | By Pat Benson
Time Warner Cable is launching two regional sports networks: Time Warner Cable SportsNet and Spanish-language network Time Warner Cable Deportes. Entertainment reporter Joe Flint gives the rundown in this video. The cable operator has already spent billions of dollars to take the Los Angeles Lakers away from Fox Sports West. It's won the rights to broadcast Galaxy soccer games too, and now it is vying for the Dodgers. All the money the company is paying raises the likelihood that cable rates will go up, Flint says.
REAL ESTATE
October 6, 1985
Stearns Development is creating two new communities--Tocayo Mesa and Tocayo Meadows--in the master-planned Forster Ranch area of San Clemente.
SPORTS
March 14, 2009 | BILL DWYRE
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.
BUSINESS
April 23, 2010 | Bloomberg News
Wholesale prices in the U.S. rose more than forecast in March, boosted by higher costs for energy and the biggest gain in food since 1984. The 0.7% increase in prices paid to factories, farmers and other producers followed a 0.6% drop in February, the Labor Department said Thursday. Excluding fuel and food, so-called core prices rose 0.1% for a second month, restrained by cheaper autos and appliances. Inflation may be limited as companies rely on productivity gains to offset higher costs of energy and raw materials.
NEWS
July 27, 1985 | Associated Press
A baby boom generation entering child-bearing age will increase Peking's population to 11.1 million by the end of the century, more than 1 million over the government's target, a report said Friday. The capital's population now stands at 9.45 million.
BUSINESS
May 17, 2008 | From Times Wire Services
Teen retailer Abercrombie & Fitch Co. said its first-quarter profit rose 3% from a year earlier on stronger sales. New Albany, Ohio-based Abercrombie & Fitch said it earned $62.1 million, or 69 cents a share, compared with $60.1 million, or 65 cents, a year earlier. Sales increased 8% to $800.1 million.
BUSINESS
February 8, 2012 | By Matt Stevens, Los Angeles Times
Romance doesn't come cheap - at least not on St. Valentine's Day. A dozen red roses usually cost about $60, according to the Society of American Florists. But with Valentine's Day coming next week, most people will pay about $80, the trade group said. And although restaurant prices don't change, people tend to eat at more upscale restaurants for those Valentine's dates. Romantic couples will spend an average of $146.52 on Valentine's dinner dates, according to restaurant ratings guide Zagat, compared with about $70 on a typical meal for two. "On Valentine's Day, budgets go out the window," Zagat spokeswoman Tiffany Herklots said.
NATIONAL
August 30, 2009 | Richard Fausset
Wilmot Greene was sitting on a stoop next to the hulking Georgia Theatre, the movie-palace-turned-music-club that was supposed to be his ticket to a carefree future in this rock 'n' roll college town. It was a hot Monday afternoon and Greene, the club's co-owner, was pulling drags on a Camel and talking into his iPhone in his deep, emphatic and subtly Southern voice. These days, there are charity concerts to pump up, and Greene was practicing the art of the pump. "Oh, they're huge," he was saying to an ex-girlfriend.
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