October 29, 2008 |
Worried by the worsening economy, Kristen Olson decided she'd better start saving money. She tallied her expenses and was walloped by sticker shock: She and her roommates were spending $900 a year for cable TV. "I'm not watching $900 worth of cable," said the 25-year-old advertising account coordinator, who lives in North Hollywood. She's trying to persuade her roommates to drop the service.
CALIFORNIA | LOCAL
October 10, 2009 |
Detectives investigating the case of a UCLA student who allegedly slashed the throat of a classmate have still not discovered what prompted the violence and are looking into reports that he showed erratic behavior in the past that had worried other students, authorities said Friday. Investigators said they will continue to examine the background and mental health of the suspect, Damon Thompson, 20, a senior who came from Belize to attend UCLA. But nothing so far points to a direct motive for what appeared to be an unprovoked knife attack in an organic chemistry lab class on Thursday afternoon.
December 14, 2007 |
Neurocrine Biosciences Inc. said it would fire 130 employees, or more than half its workforce, to cut costs after its insomnia drug failed to win U.S. approval, leaving the company with no product to sell. The San Diego company will have about 120 employees after the cutbacks, Neurocrine said.
CALIFORNIA | LOCAL
November 21, 1987
People on entitlement programs should not be paying for Reagan's military-spending deficit. These programs have already been gutted by our current Administration, and recipients' health and life has suffered for it. The wealthy top 1% of our nation has benefited directly by Reagan's (mis)management of the economy and GNP, and it is their bill that has come due. This country needs a military-budget-slash of 33%. We have a lot of damage to undo that has arisen over the last seven years.
June 22, 1999 |
Iridium World Communications Ltd., operator of the first global satellite-telephone network, plans to cut prices for its service as much as 65% and introduce a flat rate for international calls as it tries to lure customers. The cash-strapped company said Motorola Inc. and Kyocera Corp., which make the phones for its service, also cut prices on phones, pagers and other accessories. Domestic phone calls will cost $1.50 to $2.50 a minute, and international calls will be a flat $3 a minute.
September 16, 1998 |
TV Azteca, Mexico's second-largest broadcaster, said it will cut costs and trim salaries to weather an expected slowdown in economic growth and consumer spending. Azteca, controlled by entrepreneur Ricardo Salinas Pliego, will slash the salaries of senior management by 10%, cut sales and administration costs by 20% and extend credit terms from suppliers to bolster cash flow.
January 11, 1997 |
Jaromir Jagr scored twice, Mario Lemieux had four assists before he was ejected and the Penguins stretched their unbeaten streak to 10 games with a 5-2 victory over the New York Islanders a Pittsburgh. Lemieux was ejected at 5:31 of the third period after he and Islander defenseman Richard Pilon were involved in a slashing incident at center ice. Pilon was given a match penalty for trying to injure Lemieux, who picked up a slashing major with the game misconduct.
November 29, 1999
It was a tough week for the slash. On Tuesday, the NFL banned throat-slashing gestures. And after Pittsburgh's 27-20 loss to the lowly Cincinnati Bengals on Sunday--the Steelers sixth loss in seven home games--Coach Bill Cowher said Kordell "Slash" Stewart is no longer his team's starting quarterback. But first, Cowher denied that he wants out of the final three years on his $6-million contract.
February 24, 2009 |
Wall Street has shown strong faith that JPMorgan Chase & Co. will survive this deep recession, but the bank Monday still opted to play it safer -- by hacking its dividend payment to shareholders. At the same time, the company said it has been "solidly profitable" this quarter, offering a ray of hope amid the latest stock market meltdown. JPMorgan said it would slash the quarterly cash dividend on common stock to 5 cents a share from 38 cents.
April 27, 2001 |
Struggling online grocer Webvan Group Inc. continued a crash financial diet by shedding its Atlanta delivery system and laying off 885 employees--about 25% of its work force. The news came as the company reported a first-quarter loss of $86.1 million, or 18 cents a share, compared with a loss of $75.4 million, or 17 cents, a year ago. Sales more than doubled to $77.2 million from $37.5 million. Webvan's shares fell 10 cents to close at 14 cents on Nasdaq.