ENTERTAINMENT
April 24, 2012 | By Mike Boehm, Los Angeles Times
The Italian government has been persistent, tenacious and very effective in forcing repatriation of its looted antiquities. Seizing the ethical high ground, then playing legal and diplomatic hardball, it has extracted scores of prized objects from American museums. None was hit harder than L.A.'s Getty Museum, which has bid adieu to 40 pieces Italy was able to prove had been illegally dug from its soil. But last week, the tables turned. This time, the Italian government was the party caught owning an ill-gotten prize, "Christ Carrying the Cross," painted around 1538 by Renaissance master Girolamo Romanino.
BUSINESS
April 16, 2012 | By Chris Kraul and Andres d'Alessandro
In a televised address to the nation from the presidential palace in Buenos Aires, President Cristina Fernandez said she would ask Argentina's Congress to approve a law to nationalize a 51% controlling interest of oil company YPF, justifying it by declaring oil production as in the national interest. What was not clear Monday was how much the government would pay to acquire the controlling interest and how soon. Shares of the company have fallen sharply since rumors of a nationalization began circulating several months ago, cutting the value of majority owner Repsol's investment by more than half.
NEWS
April 9, 2012 | By Jessica Guynn
As Facebook shoots toward a $100-billion initial public stock offering, the race is already on to find the next Facebook. And the smart money in Silicon Valley is betting one group has the inside track: Facebook's early employees. While building the world's largest social network, they built a social network of their own. Now that they have parted company with Facebook to seek their own fortunes, they have a competitive edge: each other. These ambitious young entrepreneurs call on one another for money and advice, sit on each other's boards and hook up to celebrate birthdays and weddings.
ENTERTAINMENT
April 6, 2012 | By Jason Felch and Tina Susman, Los Angeles Times
NEW YORK — Federal agents have threatened to seize from Sotheby's a 10th century Cambodian sandstone statue, alleging the auction house planned to sell it despite warnings that looters had stolen the piece from its rightful place, adorning an ancient temple in the former Khmer kingdom. Court documents filed Wednesday in New York say the statue of an ancient warrior was torn from the Prasat Chen Temple in Koh Ker in northern Cambodia sometime in the 1960s or early 1970s, when the Asian nation was engulfed in civil unrest.
BUSINESS
April 4, 2012 | By Alejandro Lazo
Add another catchphrase to the lexicon of home-price-obsessed economists: “deceleration.” It's either a signal of how closely watched the housing market is these days or just how desperate people are for good news. But economists and other observers are suddenly obsessed with housing's slowing decline. The latest example came Wednesday when Santa Ana data firm CoreLogic released its home price index that, including distressed sales, showed U.S. prices in February dropped 0.8% from January and down 2.0% from February 2011.
CALIFORNIA | LOCAL
April 3, 2012 | By Lee Romney, Joe Mozingo and John Hoeffel, Los Angeles Times
OAKLAND — Federal agents struck at the heart of California's medical marijuana movement, raiding the nation's first pot trade school and a popular dispensary, both run by one of the state's most prominent and provocative activists, Richard Lee. The raids in Oakland by the Internal Revenue Service and Drug Enforcement Administration sent a shudder through the medical cannabis trade and angered the plant's devotees, who believe the federal government...