BUSINESS
January 22, 2013 | By David Colker
On a busy day for earnings reports, several major companies released results before the start of the trading day. Some were hit hard by Superstorm Sandy that struck the East Coast in the fourth quarter. On the plus side, at least in comparison to analysts' forecasts, was chemical maker DuPont Co., whose profit for the last three months of the year was $111 million, or 12 cents a share, down from $373 million, or 40 cents a share, a year earlier. Analysts on average had forecast only 7 cents a share for the latest period.
BUSINESS
December 3, 2012 | By Jim Puzzanghera
WASHINGTON - The nation's manufacturing engine lost steam in November, contracting for the first time in three months and falling to its lowest level since 2009, according to a leading private barometer released Monday. The Institute for Supply Management's purchasing manager's index decreased to 49.5 last month from 51.7 in October. A figure below 50 indicates economic activity is contracting. The manufacturing sector had expanded modestly in August and September after three months of slight contraction.
WORLD
November 28, 2012 | Carol J. Williams
More than 17,000 people have converged on the Qatari capital for the latest U.N. climate talks, but the most influential presence may be Sandy. The superstorm that ravaged the U.S. Northeast a month ago seared into the American consciousness an apocalyptic vision of what climate change could look like. On the heels of devastating wildfires, droughts and floods this year, Sandy's destructive power snapped Americans to the reality that rising temperatures are a risk to their own well-being, not just a concern for distant lowlands.
BUSINESS
November 30, 2012 | By Hugo Martín, Los Angeles Times
The world's airline industry lost an estimated $500 million in revenue because of the closure of several East Coast airports during the onslaught of Superstorm Sandy, according to an airline trade group. The analysis of the storm's effect on the industry came from reports issued Wednesday and Thursday by the International Air Transport Assn., a trade group for the world's largest airlines. The trade group estimated that the industry suffered most of its revenue losses from Oct. 28 to Nov. 3. At the peak of the storm Oct. 29, about 9% of global airline capacity was grounded, the trade group said.
NEWS
December 12, 2012 | By Adam Tschorn
A massive designer sample sale, scheduled for Saturday and Sunday in downtown Los Angeles, is being staged for the benefit of East Coast communities affected by Superstorm Sandy. Just in time for some fashion-forward holiday shopping, a charitable organization called Fashion Girls for Humanity has organized the two-day sale at the Cooper Design Center, with 100% of proceeds -- that's the admission fee as well as all funds generated from the sale of items -- going to two nonprofit groups working to rebuild the affected areas; Architecture for Humanity and Waves for Water . We're told more than 100 designers' wares will be on offer, and judging by the impressive roster of luxury brands on the list, the event could raise some serious dough.
NATIONAL
May 6, 2013 | By Tina Susman, Los Angeles Times
NEW YORK - It has been six months since Donna Graziano packed a barbecue into her car, drove 15 miles from her Brooklyn home to Staten Island, and began cooking for residents of a neighborhood ravaged by Superstorm Sandy. Her one-woman effort in a seaside park expanded into an aid hub that has drawn donations of food, generators, clothes, diapers and household goods, and has become the go-to center for locals seeking advice on everything from emergency aid to mold removal. Now, the city's parks department says it is time for Graziano's Cedar Grove Community Hub to dismantle its five tents so that the park and nearby beach can welcome summer visitors and begin a major dune reinforcement project.