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May 12, 2012
Simple fish stock Total time: 1 hour Servings: Makes a generous 2 quarts stock. 1 pound small fish, fish heads, bones, trimmings plus any shrimp shells 3 quarts water 1 tablespoon salt 1/2 onion 1 strip of lemon peel 1 strip of orange peel 1 stalk of celery 1 small carrot, split lengthwise Several stems of parsley Pinch of fresh thyme In a large, heavy-bottomed pot, place the fish,...
April 27, 2014 | By Stuart Pfeifer
PCM Inc., an El Segundo company that sells information technology products and services, has attracted little attention in more than a quarter-century of business. But that soon may change. The owner of a competing company has starting snapping up PCM's stock, raising speculation of a possible takeover. Firoz Lalji, chairman of technology company Zones Inc. in Auburn, Wash., now owns about 5% of PCM, according to a regulatory filing. And he called PCM "one of the poorest-performing companies in its industry.
July 22, 2010 | Reuters
Upbeat outlooks from economic bellwethers 3M, UPS and Caterpillar catapulted U.S. stocks on Thursday as investors shed some of their fears about the strength of the recovery. The parade of prominent names reporting earnings continued after the market's close with Microsoft Corp, whose shares rose 2.9 percent in regular trading. The software company reported quarterly results after the close and its shares were trading little changed in extended hours. The major indexes posted their largest daily gains in more than two weeks, led by United Parcel Service Inc, which rose 5.2 percent after it raised its outlook.
April 25, 2014 | By Julie Makinen
BEIJING - DMG Entertainment, the Beijing-based company that co-produced Hollywood films including "Iron Man 3" and "Transcendence," is in the process of going public on the Shenzhen Stock Exchange. The move will see DMG enter the exchange through a reverse takeover with meat-processing company Sichuan Gaojin Foods. The deal still needs regulatory approval. According to DMG and Sichuan Gaojin, the deal values DMG at $970 million. That's three times the value of Gaojin at the end of 2013.
April 17, 2013 | By Chris O'Brien
Apple's stock sank 5.6% in midday trading on Wednesday following a report from a key supplier that indicated sales could be slowing. On Tuesday, Cirrus Logic, which supplies audio chips for iPhones and iPads, said sales of one of its chips was slipping . That led investors and some analysts to infer that Apple sales were also sliding, spooking shareholders one week before the company is scheduled to report earnings.   TIMELINE: Following Apple in 2012 Apple's stock fell 5.6% or $23.89 to $402.35 just after 12:30 p.m. EDT. Apple stock has not closed below $400 since late 2011.
February 14, 2013 | By Stuart Pfeifer
Federal agents arrested 14 people - including a former deputy district attorney - for allegedly running a stock manipulation scheme from Southern California that cost investors more than $30 million. Authorities said the scheme involved the heavy promotion of worthless stocks, which the perpetrators later sold for huge profits in a classic “pump-and-dump” scheme. One of the stocks - for a company called - was promoted in an infomercial by actress Pamela Anderson.
October 26, 2011 | By Ben Fritz, Los Angeles Times
One analyst called it the "nuclear winter scenario" for Netflix. Shares in the company plummeted 35% on Tuesday, the day after the streaming video and DVD rental service revealed it had lost 800,000 subscribers in the third quarter and projected far slower growth for the rest of the year and early 2012 than investors had expected. The consumer exodus came after a series of public gaffes over the last few months, including a surprise pricing change that raised some subscribers' fees by 60%, the impending loss of recently released movies from Sony Pictures and Walt Disney Pictures, and a hasty retreat from plans to separate its DVDs-by-mail business into a new brand called Qwikster.
September 4, 2013 | By Andrew Tangel
NEW YORK -- If the U.S. strikes Syria, any resulting stock selloff will likely be short-lived, according to a recent analysis of previous market shocks. The broad Standard & Poor's 500 index fell a median 2.4% in initial trading after major world events over the last 70 years, bottomed after six days and took a median two weeks to recoup losses, according to a research note this week by Sam Stovall, chief equity strategist at S&P Capital IQ. Stovall's note highlighted 14 events ranging from the Pearl Harbor attack in 1941 to the Madrid bombings in 2004 to the Japanese tsunami of 2011.
February 26, 2001
The current stock market is much like the 2000 presidential election--a numbers game. DALE A. PAGE Granada Hills
April 18, 2013 | By Chris O'Brien
Investors hammered Apple's stock Thursday, sending shares down 2.81% in midday trading. This was the second day of pummeling for Apple's stock, as investors' nerves appeared increasingly rattled in the countdown to the company's earnings report scheduled for Tuesday.  Story: Apple takes investors on a wild ride The stock was down $11.33 to $391.47 on Thursday.  On Wednesday, investors drove the stock down...
April 24, 2014 | By Chris O'Brien
Big earnings. Big stock buyback. Big stock bump. On Thursday, investors cheered Apple's performance by sending its stock up by as much as 8.5% in early trading.  The stock climbed to $ 569.50 at one point early Thursday, up from $524.75 the previous day.  Riding a wave of strong iPhone sales, Apple on Wednesday reported fiscal second-quarter revenue of $45.6 billion, well above analysts' consensus of $43.6 billion, and up from the...
April 23, 2014
Note: In the risotto chapter of his new cookbook, "A Passion for Piedmont" (Morrow, 1997), Matt Kramer stresses the simplicity of risotto, and none exemplifies this simplicity better than the Lemon Risotto, which we excerpted from his book in October. Kramer reminds us that in Italy, the risotto or rice dish is not a side dish, as are most rice dishes elsewhere in the world, but rather the focus of the meal. This risotto is cooked slowly and patiently to tease the creamy essence out of the rice itself.
April 23, 2014 | By Stuart Pfeifer
Takeover target Allergan Inc., the company that makes Botox, has adopted a "poison pill" defense intended to delay a buyout by Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman. The Irvine company's "stockholder rights plan" allows existing shareholders to buy Allergan stock at a steep discount if any single investor acquires more than 10% of its shares. That would drive down the value of the major investors' shares, making it unlikely that anyone would acquire that much stock.
April 22, 2014 | By Stuart Pfeifer
Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman moved forward with their plans to acquire Botox maker Allergan Inc., offering shareholders about $46 billion and touching off what could be a contentious fight. Several industry analysts said they expect Allergan to reject the offer as too low, and said a fierce boardroom battle may be on the horizon. An issue certain to alarm Allergan is Valient's announced plans to slash research and development spending at the Irvine company.
April 22, 2014 | By E. Scott Reckard
Two of Los Angeles' many Asian American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities. Financial information provider SNL Financial ranked BBCN Bancorp second of all bank stocks nationally, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform. " Only the parent of South Carolina Bank and Trust had a more positive endorsement from analysts.
April 22, 2014 | By Ryan Faughnder
Here's one group that's happy about Netflix's planned price hikes: Wall Street. The video giant said Monday it will soon raise prices for new customers of its streaming service by  $1 or $2 a month as it bets its growing slate of original content will continue to draw subscribers. Existing customers will continue to pay current prices for a time.  Wall Street analysts praised the coming hikes as a way to drive profitability as...
January 23, 2014 | By Tiffany Hsu
The stock of American Eagle Outfitters Inc. slumped Thursday in the wake of the abrupt resignation of the retailer's chief executive, Robert Hanson, who had held the post for almost two years. The teen apparel merchant said late Wednesday that Executive Chairman Jay L. Schottenstein, who was chief executive from March 1992 to December 2002, will temporarily fill the post. The company said it would start looking for a permanent replacement. Executive Creative Director Roger S. Markfield, who is also vice chairman, agreed to delay his planned retirement and continue in his roles, according to American Eagle.
April 15, 2014 | By Larry Gordon
Pitzer College, a liberal arts school in Claremont, has joined the vanguard of U.S. campuses deciding to sell off its investments in fossil fuel companies as a statement of concern about global warming. Pitzer's board of trustees recently voted to approve a divestment plan to sell off about $4.4 million in fossil-fuel related investments, mainly in oil and gas companies, by the end of this year from the school's $125-million endowment. The remaining $1 million or so in fossil fuels investments, mainly those in large multi-industry funds, will be sold off soon after, officials said.
April 13, 2014 | By Jim Peltz
Juan Pablo Montoya celebrated his return to Long Beach after 14 years with a fourth-place finish. Montoya won the Toyota Grand Prix of Long Beach in 1999 but then left for Formula One racing in 2001 and, six years later, NASCAR stock car racing. He's back in IndyCar with Team Penske. The Colombian started 16th, was sent to the back of the 23-car field for improperly entering the pits when they were closed but then gained several spots thanks to a multicar crash midway through the race.
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