January 30, 2014 |
Occidental Petroleum reported higher profits in the fourth quarter as the oil and gas producer seeks to revamp its business after a boardroom shakeup last year. The Los Angeles company reported profits of $1.6 billion, or $2.04 a share, in the quarter that ended Dec. 31. That is up from $336 million, or 42 cents a share, in the same period a year ago. Occidental announced last year plans to sell off some stakes in Middle East and North Africa oil fields along with other assets and instead focus on operations closer to home.
January 30, 2014 |
After investing an estimated $5 billion in recent years into oil exploration in the offshore Alaskan Arctic, Shell announced Thursday that it will abandon any renewed drilling effort this year. The company cited a federal appeals court decision last week that found the Interior Department had awarded permits to Shell based on inadequate information, a major triumph for environmental groups that had been battling Shell for years. “This is a disappointing outcome, but the lack of a clear path forward means that I am not prepared to commit further resources for drilling in Alaska in 2014,” said Ben van Beurden, who took over as the company's chief executive four weeks ago. “We will look to relevant agencies and the court to resolve their open legal issues as quickly as possible.” The statement leaves open Shell's option to resume exploration of the Arctic waters in the future.
January 27, 2014 |
Keri Herman could shoot and score and deke defenders on an eighth-of-an-inch hockey skate blade, so taking on the rails and jumps of a slopestyle course in the mountains on skis felt like mere child's play. Hockey skills, apparently, are far more transferable than you might realize. Herman took hers from the rinks of her Minnesota youth to the mountains of Colorado, and now, to a spot on the U.S. Olympic team for slopestyle skiing. Assists and goals, not rails and tricks, were assumed to be Herman's route to the Winter Olympics when she was growing up in Bloomington, Minn.
December 29, 2013 |
JERUSALEM - In the first border flare-up of its kind in four months, at least one Katyusha rocket fired from Lebanon struck northern Israel on Sunday, triggering a heavy artillery barrage from Israeli forces in response. No casualties were reported on either side of the frontier. Israeli Prime Minister Benjamin Netanyahu, in a harshly worded statement to his Cabinet, blamed the Shiite Muslim militia Hezbollah for the rocket strike and condemned the Lebanese army for failing to "lift a finger" to rein in the group.
December 23, 2013 |
"Turbo," the racing-snails movie from this summer, is already a cartoon series, "Turbo: F.A.S.T.," suggesting that such an eventuality was in the cards from the beginning (or somewhere near it). That other DreamWorks-made cartoons - including "The Penguins of Madagascar," "Kung Fu Panda" and "Monsters vs. Aliens," all on Nickelodeon - have taken the same route, suggests that, more than an eventuality, it was an inevitability. One difference is that it is being released by Netflix, the streamcaster's first kids' show and ergo a historic moment.
CALIFORNIA | LOCAL
December 21, 2013 |
The stunned Navy pilot was gripped in pain, blood was pouring down his face and a good part of his warplane was destroyed. But worst of all, Ensign Kenneth Schechter couldn't see. An enemy shell had smashed into his Skyraider and fragments pierced his eyes. Hurtling over the Korean coast at 200 mph, Schechter was suddenly enveloped in blackness. "I'm blind! For God's sake, help me!" he cried into his radio. "I'm blind!" FOR THE RECORD: Kenneth Schechter: A news obituary in the Dec. 22 California section on Kenneth Schechter, a former Navy pilot who flew 100 miles and landed safely despite being temporarily blinded by enemy fire, misstated the final rank of Howard Thayer, the Navy pilot who guided Schechter from another plane.