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ENTERTAINMENT
January 2, 2013 | By Richard Verrier
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.
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BUSINESS
November 23, 2012 | By Tiffany Hsu
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.
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.
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.
ENTERTAINMENT
January 22, 2000
In response to the Saturday Letters headline question last week, "Is Dr. Laura's Anti-Gay Stance Based on Religion or Bigotry?": Might it be religious bigotry? A. GILMAN Rancho Palos Verdes Reader Stuart Krane's claim that "hateful people do not rise to Dr. Laura's level of success--not in America, anyway" is plain wrong. In the 1930s, Father Charles Coughlin, a charismatic radio preacher, enjoyed considerable success by pandering to Americans' fears and insecurities, scapegoating both urban Irish-Catholics and Jews.
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.
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.
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