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HEALTH
May 19, 2012 | By Chris Woolston, Special to the Los Angeles Times
Until recently, very few people had ever heard of raspberry ketones, the aromatic compounds that give the berries their distinctive smell. Today, health food stores have trouble keeping the capsules or drops of the stuff on their shelves. Almost overnight, an obscure plant compound became the next big thing in weight loss - and all it took was a few words from Dr. Oz. In a February episode of "The Dr. Oz Show," Mehmet Oz told viewers that raspberry ketones were "the No. 1 miracle in a bottle to burn your fat. " Once Oz calls something a "miracle," it doesn't remain obscure for long.
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CALIFORNIA | LOCAL
May 24, 2012 | By Paul Pringle and Rong-Gong Lin II, Los Angeles Times
Last month, four of the Los Angeles Memorial Sports Arena's bosses decided to catch the Boss, so they used their government position to claim a luxury suite for Bruce Springsteen's sold-out stand there. The taxpayer-owned venue is in financial ruins, but the officials took their customary perks, enjoying Springsteen's blue-collar brand of rock 'n' roll from digs that included a private entry, spacious bathroom, kitchenette, lounge area and television screen. The 19 elevated seats, boxed off from the crowd, offered dead-on views of the stage for the officeholders and their guests.
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BUSINESS
May 17, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Hall of Fame quarterback Joe Montana said they improved his strength and posture. Celebrity Kim Kardashian boasted they allowed her to ditch her personal trainer. But federal and state officials said the rocker-bottom Shape-ups and other toning shoes made by Skechers USA Inc. don't live up to the hype from the company and its high-profile endorsers. On Wednesday, the Manhattan Beach company agreed to pay $50 million to settle false-advertising allegations by the Federal Trade Commission and the attorneys general of 44 states, including California, as well as the District of Columbia.
BUSINESS
May 24, 2012 | By Hugo Martín, Los Angeles Times
High-end outdoor clothier and gear maker Patagonia Inc. is out to prove that a company can generate strong sales while being nearly fanatical about environmental concerns. The Ventura company was the first major clothier to make fleece jackets out of recycled bottles. Nearly a third of the power for its headquarters and adjoining child-care center comes from solar. And it donates 1% of its sales to environmental causes. With Patagonia being a privately held company, its finances are not public, but it says it's riding a growth curve.
ENTERTAINMENT
May 14, 2012 | By Ben Fritz and Steven Zeitchik, Los Angeles Times
Often film sequels are slam dunks at the box office, a seamless continuation from where a previous hit left off. But as the new installment of the 15-year-old franchise "Men in Black" proves, getting to the big screen isn't always a cakewalk. One of the most troubled productions in recent Hollywood memory, Sony Pictures' latest movie in the Will Smith-Tommy Lee Jones sci-fi-comedy franchise encountered multiple script rewrites, a discontented star and a three-month production shutdown as writers and studio executives scrambled to fix a project that nearly fell apart . By the time it was over, the studio had run up a tab of nearly $250 million - making "Men in Black 3" one of the most expensive releases of the summer.
NATIONAL
December 16, 2007 | Bob Drogin, Times Staff Writer
washington -- Mitt Romney twice emphasized his unique business background when he and eight other Republican presidential candidates faced off in a debate last week in Iowa. "I've spent the last, as I've told you, 25 years in the private sector," former Massachusetts Gov. Romney declared at one point. "I understand why jobs come and why jobs go. I've done business in 20 countries."
BUSINESS
December 8, 2011 | By Susan Carpenter
BMW has been striving to reconcile its dueling images for years. Best known for its luxurious, sport-oriented cars, the German manufacturer's motorcycles are only beginning to shed their reputation as wheels for safety-conscious old men, thanks to exciting new bikes like the S 1000 RR and K 1600 LT. At this weekend's International Motorcycle Shows event in Long Beach, BMW is likely to confuse its image even further when its first scooters make...
BUSINESS
October 30, 2011 | Ken Bensinger, Los Angeles Times
First of three parts Tiffany Lee wanted a car. She was weary of the two-hour bus ride to her job at a UCLA Health System clinic. She hated having to ask friends to drive her 7-year-old son to his asthma treatments. But as a single mother with three children, bad credit and a $27,000-a-year salary, she couldn't find a bank or dealership willing to give her a loan. Then a friend steered her to Repossess Auto Sales in Hawthorne. Another buyer might have balked at the deal she was offered.
BUSINESS
April 25, 2010 | By Jerry Hirsch, Los Angeles Times
Auto leasing deals abound these days, with offers that often seem too good to be true. How about a well-equipped Honda Accord for $250 a month with no down payment or any other drive-off fees? Or better yet, $199 a month for a Chevrolet Malibu? So, what's the catch? There isn't any if you know what you're getting into. There are always details. You need top-tier credit to qualify. You pay a penalty if you turn that Honda in with more than 36,000 miles. And the payment is not $250 a month because of that little matter of tax. It is more like $275, depending on where you live.
BUSINESS
April 28, 2012 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. will offer about 90,000 U.S. salaried retirees and former employees vested in its pension plan a lump-sum payment to buy them out of monthly benefits. Ford, which also reported lower first-quarter earnings Friday because of losses in Europe and Asia, said the plan was an innovative strategy to reduce its pension obligations. The automaker won't put up any operating cash but rather will make the one-time payments from existing pension plan assets. "We believe this is the first time a program of this type and magnitude has been done in an ongoing pension plan," said Bob Shanks, Ford's chief financial officer.
ENTERTAINMENT
May 23, 2012 | By David Ng
Tickets for "The Book of Mormon" at the Pantages Theatre in Hollywood will go on sale to the general public starting June 10, the show's producers announced Wednesday. A daily lottery for discount tickets will also be held during the show's L.A. run. Producers of "Mormon" said that tickets for the L.A. engagement will go on sale at 7 a.m. on June 10 at the Pantages box office.
CALIFORNIA | LOCAL
May 23, 2012 | By Steve Chawkins, Los Angeles Times
It's called Lot 160, a 5-inch glass tube that's unremarkable in every way - except that it purportedly held blood drawn from President Ronald Reagan as he lay struggling for life after an assassination attempt. The vial, partially coated with a ring of a residue, is being offered for sale by a British online auction house where bids Tuesday reached nearly $15,000. A label and an accompanying document identify it as having contained a blood sample taken from Reagan at George Washington University Hospital on March 30, 1981, the day he was shot outside aWashington, D.C., hotel.
BUSINESS
May 23, 2012 | By Tiffany Hsu, Los Angeles Times
Motel 6 and Studio 6, the no-frills budget hotel chains that once offered rooms for $6 a night, are being sold by French parent Accor for $1.9 billion. The new owner, an affiliate of private equity firm Blackstone Group, already owns Hilton Worldwide. Blackstone said it plans to "accelerate the expansion of the franchise base" for Motel 6 and Studio 6. Accor will use proceeds from the sale to slash its debt and grow its luxury Sofitel and Novotel hotels in Asia, Latin America and Europe.
HEALTH
May 19, 2012 | By Chris Woolston, Special to the Los Angeles Times
Until recently, very few people had ever heard of raspberry ketones, the aromatic compounds that give the berries their distinctive smell. Today, health food stores have trouble keeping the capsules or drops of the stuff on their shelves. Almost overnight, an obscure plant compound became the next big thing in weight loss - and all it took was a few words from Dr. Oz. In a February episode of "The Dr. Oz Show," Mehmet Oz told viewers that raspberry ketones were "the No. 1 miracle in a bottle to burn your fat. " Once Oz calls something a "miracle," it doesn't remain obscure for long.
BUSINESS
May 19, 2012 | By Marc Lifsher, Los Angeles Times
PATTERSON, Calif. - Amazon.com Inc.for years has fought government efforts to tax e-commerce. Now it's poised to pocket millions of dollars in sales taxes paid by California customers. As part of a pact reached last year with state lawmakers, some online retailers agreed to begin collecting sales taxes this fall. About half of the projected $316 million raised in the first full year is expected to come from merchandise sold by Amazon, which is also setting up two California fulfillment centers that will employ at least 1,000 workers each.
BUSINESS
May 18, 2012 | By Alejandro Lazo, Los Angeles Times
California's housing market showed strength in April as median prices rose and sales outperformed the same month last year. The Golden State's median home price popped 6% in April to $264,000, according to real estate information firm DataQuick of San Diego. The median is the point at which half the homes in the state sold for more and half for less. In Southern California and the Bay Area, the share of home sales that were foreclosures declined significantly, which economists see as key because sales of those homes tend to drag prices down.
BUSINESS
July 12, 2011 | Shan Li
Want to fool merchants with a fake ID? Hack someone's text messages? Or how about tracking where your co-workers are, without their knowing it? There's an app for that. The explosion in smartphone and tablet applications that enable people to check the weather, follow their stocks and play Words With Friends has a dark side: apps that facilitate questionable if not outright illegal behavior. Apple's App Store, for example, offers Drivers License software that promises "unlimited access to realistic-looking licenses" for all 50 states.
BUSINESS
May 18, 2012 | By Don Lee, Los Angeles Times
WASHINGTON - The Obama administration ordered tariffs of 31% and higher on solar panels imported from China, escalating a simmering trade dispute with China over a case that has sharply divided American interests in the growing clean-energy industry. The Commerce Department announced the stiff duties Thursday after making a preliminary finding that Chinese solar panel manufacturers "dumped" their goods - that is, sold them at below fair-market value. The widely anticipated ruling, if affirmed by U.S. trade officials this fall, is expected to have significant implications for both the global production of solar cells, now largely in China, and the growth of the solar energy industry in the U.S., which employs about 100,000 people in manufacturing, installation and services.
BUSINESS
May 17, 2012 | By Alejandro Lazo, Los Angeles Times
Southern California's housing market showed signs of turning the corner in April as foreclosures made up the smallest share of sales in four years and the region's median home price increased for the first time since late 2010. Among other evidence of improvement, foreclosures dropped significantly in California and other Western states last month, a continuation of a trend that began last fall, according to data firm ForeclosureRadar. A separate report by the nation's mortgage bankers released Wednesday showed that national delinquencies and foreclosures hit a four-year low, driven largely by declines in states in the West.
NEWS
May 17, 2012 | By Mary Forgione, Los Angeles Times Daily Travel & Deal blogger, This post has been updated, as indicated below.
With Coachella 2012 barely in the books, get ready for an early shot at buying tickets and hotel packages for Coachella 2013 . Even though there's no lineup announced yet, advance ticket sales start at 10 a.m. PDT Thursday (today) and continue through 10 p.m. PDT May 24 for what's officially known as the Coachella Valley Music & Arts Festival. Next year's music fest again will take place over two weekends: April 12-14 and April 19-21. [Updated, 8:30 a.m. May 18: General admission and VIP advance purchase tickets for both weekends sold out quickly Thursday.
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