November 25, 2013 |
The stock market rally rolled on Monday, with the Nasdaq composite index crossing 4,000 for the first time since 2000. Though it remains far below its all-time high, the technology-laden Nasdaq is up more than 32% this year, making it one of the best-performing market indexes of 2013. Nasdaq rallied strongly Monday morning, topping 4,007 before sagging to just below 4,000. Nasdaq has been propelled by many of the same forces that drove the Dow Jones industrial average above 16,000 last week: solid corporate profits, low interest rates and the Federal Reserve's economic-stimulus campaign.
November 25, 2013 |
If you are among America's well-to-do, you may have noticed that the airline industry has been rolling out the red carpet for you lately. For good reason. The number of affluent travelers has risen in the last few years, according to a report by the travel marketing agency MMGY Global and research firm Harrison Group. Defined as those with an annual household income of $250,000 or more, affluent travelers make up 6% of the leisure travel market, up from 4% in 2010, according to the report.
November 20, 2013 |
Nissan rolled out the latest models in its Nismo line of performance cars at the Los Angeles Auto Show on Wednesday. Without question, the star of the show was the 2015 GT-R Nismo -- with its astonishing 0-to-60 mph time of two seconds. Nissan had six-time Olympic gold medalist Usain Bolt on hand for the unveiling. "Who better in the entire world to unveil the new GT-R Nismo than someone who knows a thing or two about being really, really super fast," said Fred Diaz, Nissan divisional vice president of North America. Diaz called the 2015 GT-R Nismo "Godzilla on steroids" thanks to its 3.8-liter V6 engine.
November 19, 2013 |
Well, it took only 48 years, but Bob Dylan and his camp have finally come up with an official music video for “Like A Rolling Stone.” His breakthrough was a 1965 hit that gave him his first Top 10 single while shattering the rules for what was acceptable on AM Top 40 radio at the time. With its dazzling display of lyric wizardry and driving blues-rock backing - Dylan had recently and controversially "gone electric" - and clocking in at a full six minutes in an age when radio hits rarely ran more than three, “Like A Rolling Stone” played a key role in the evolution of pop music from sheer entertainment into a bona fide art form.
November 19, 2013 |
WASHINGTON - The federal government's consumer financial watchdog will require lenders to issue shorter, easier-to-understand mortgage disclosure forms to home buyers that more clearly show the costs and terms of the loans. The Consumer Financial Protection Bureau plans to issue the rule Wednesday, following through on what was an initiative launched in 2011 as the then-fledgling agency's first major action. The early Know Before You Owe forms were welcomed by consumer and industry groups as an improvement over the more complex disclosures required under federal law for more than 30 years.
November 17, 2013 |
When it became clear Blake Griffin wasn't injured in the third quarter, the Clippers felt much better about their chances of beating a short-handed Brooklyn Nets team Saturday night at Staples Center. Griffin had a strong game throughout, collecting a double-double with 30 points and 12 rebounds in helping the Clippers to a 110-103 victory over the Nets. Chris Paul struggled most of the game, but he produced his 10th consecutive double-double, scoring 12 points and handing out 13 assists.
November 15, 2013 |
With more and more people watching television online, the Academy of Television Arts & Sciences figures it's time to move the Emmy Award voting process there too. Starting in 2014, online voting will be used for the first round of Emmy voting, which decides nominees across all categories. The following year, all rounds will be eligible for online voting. PHOTOS: 2012 highest-paid media executives “We refine the Emmy Awards process every year, and this migration to an all-digital, online voting procedure will ensure that voting is easy, private and secure," said Bruce Rosenblum, chairman of the Academy.
November 13, 2013 |
The Cyrus Cylinder sits dramatically lighted behind glass at the center of a dimmed gallery at the Getty Villa. But the splendorous setting, including walls painted a deep royal blue, can't dispel the notion that this may be the homeliest object ever to get star treatment in a major art museum. It's a 9-inch, straw-colored barrel made of cracked and broken clay, devoid of decorative interest. Horizontally tattooed with row after row of tiny cuneiform script that was etched into it 2,552 years ago, it calls to mind a corn cob that's been gnawed bare.