CALIFORNIA | LOCAL
May 19, 2012 | By Joel Rubin, Los Angeles Times
In the face of privacy concerns, the Los Angeles Police Department has agreed to change the way it collects information on suspicious activity possibly related to terrorism. The department, after coming under fire from civil liberties and community groups, will no longer hold on to so-called suspicious activity reports that the LAPD's counter-terrorism unit determines are about harmless incidents. Until now, the department stored the innocuous reports in a database for a year.
FOOD
May 12, 2012 | By Russ Parsons, Los Angeles Times Food Editor
It's after-hours at the Huntington Meats in the Farmers Market and the canvas curtains are drawn. A dozen students sit on folding chairs circled around the worktable. On it lies splayed a whole hog, fresh from the farm, shaved naked, an apple stuffed in its mouth. Its nose is still a little bloody. Want to know where your meat really comes from? Take a butchery class. Over the next two hours, butchers Jim Cascone, Bob Ore and John Escobedo will take this whole animal and, using just a couple of knives and a band saw, reduce it to the cuts of meat you might recognize from the supermarket meat counter.
BUSINESS
May 4, 2012 | By Adam Tschorn, Los Angeles Times
Worldwide rights to the Fred Segal name, a moniker that over the last five decades has become a sort of shorthand for the Los Angeles fashion-shopping experience, have been purchased by a New York City firm for an undisclosed sum. Sandow Media, which announced the acquisition, said the deal will allow it to put the iconic red, white and blue Fred Segal logo on merchandise as well as build Fred Segal stores around the world. Not included in the deal are the two brick-and-mortar Fred Segal retail centers — one on Melrose Avenue in Los Angeles and one in Santa Monica.
BUSINESS
May 4, 2012 | By Shan Li, Los Angeles Times
Shoppers appeared more cautious about spending in April as cold weather and fresh concerns about the economy curbed people's urge to shop, prompting worries about a possible slowdown in spending in the summer months. Weak April sales reported by major retailers and jitters about U.S. unemployment data helped push the stock market down Thursday, with the Dow Jones industrial average falling 61.98 points, or 0.47%, to 13,206.59. Retail analysts remained cautiously positive about the coming months, but warned that more bad news about the economy could further dampen consumer spending.
BUSINESS
May 3, 2012 | By Shan Li, Los Angeles Times
Ascena Retail Group Inc. is venturing into the plus-size women's clothing market by acquiring Charming Shoppes Inc., parent company of Lane Bryant, for about $890 million. The purchase will allow Ascena, the Suffern, N.Y., company that owns Dressbarn and teen clothier Justice, to jump into the growing market for bigger-size women's apparel. Charming also owns the Catherines Plus Sizes and Fashion Bug brands. Ascena will buy Charming for $7.35 a share, a 25% premium over Tuesday's closing price.
BUSINESS
May 1, 2012
The owner of the shoe store chains Payless and Stride Rite is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies. Collective Brands Inc., which has been looking for a buyer, has agreed to an offer from a group including Hush Puppies owner Wolverine Worldwide Inc. and two private investment firms. The buyer, which also includes Blum Capital Partners and Golden Gate Capital, will pay $21.75 for each Collective Brands share. That is a 5 percent premium to Collective Brands' closing price of $20.77 on Monday.