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April 10, 2014 | By Mike Bresnahan and Eric Pincus
Kobe Bryant was annoyed. Really, really annoyed. The Lakers traded Steve Blake before the February deadline, immediately sending a dissatisfied Bryant to Twitter. He said he was "not cool" with the trade "AT ALL," hitting caps lock for effect and also calling Blake a "psycho competitor. " Blake is still appreciative two months later. He'll play with his new team, Golden State, against the Lakers in his return Friday to Staples Center. "Whenever you have support like that from a teammate, it feels great, especially from one of the greatest," Blake said in a phone interview.
April 8, 2014 | By Stuart Pfeifer
Prosecutors want former KPMG auditing partner Scott London to serve three years in federal prison for giving confidential information about his firm's clients to a friend, who used the tips to make more than $1 million in illegal stock-trading profits. London pleaded guilty to insider-trading last year and was fired by KPMG. He is scheduled to be sentenced April 21 at U.S. District Court in Los Angeles. Asst. U.S. Atty. James A. Bowman said in a sentencing memo that London had participated in a “calculated and corrupt arrangement” that victimized the companies whose secrets he was paid to protect.
April 4, 2014 | By Timothy M. Phelps
WASHINGTON -- Atty. Gen. Eric H. Holder Jr. announced Friday that the Justice Department is investigating the practice of high-speed trading on the stock exchanges. Holder, in testimony prepared for delivery before the House Appropriations Committee, said the Justice Department is investigating the use of computer algorithms and ultra-high-speed data networks to execute trades as a possible violation of antitrust laws. Firms that use such tactics, employing physicists and other scientists to predict changes in the markets sometimes only seconds in advance, have been around for more than three decades.
April 4, 2014 | By Walter Hamilton and Timothy M. Phelps
If you're not investigating high-speed stock trading, you're missing one of the hottest trends on Wall Street. Atty. Gen. Eric H. Holder Jr. announced Friday that the Justice Department is examining high-frequency trading for possible violations of antitrust and insider-trading laws. When Justice Department investigators visit companies, they may bump into their compatriots from other state and federal agencies. The FBI disclosed this week that it is in the middle of a months-long probe.
April 2, 2014 | By Andrea Chang
Perhaps the best ad for Los Angeles online advertising platform the Rubicon Project is that its shares shot up 37% on its first day of trading. Rubicon on Wednesday began offering shares on the New York Stock Exchange under the symbol RUBI, opening at a price of $17.50 a share, 17% higher than its offering price of $15.  The Playa Vista company sold nearly 6.8 million shares. Its IPO priced at $101.6 million, at the low end of expectations. But shares quickly surged and were up 37% to $20.63 shortly after 10 a.m. PDT. VIDEO: Unboxing the $49.99 Roku Streaming Stick Company executives were in New York to ring the opening bell.
March 30, 2014 | By Hugo Martín
If you're against letting airline passengers talk on cellphones, you've gained a powerful ally. The Global Business Travel Assn., a trade group for the world's business travelers, submitted its opposition last week to a plan by the Federal Communications Commission to lift a ban on voice calls on planes. The group, which represents about 6,000 travel managers, called onboard calls "detrimental to business travelers. " The association even quoted folk singer Pete Seeger, who borrowed heavily from the book of Ecclesiastes when he wrote "there is a time to keep silence and a time to speak.
March 29, 2014 | By Paresh Dave
Parachute jumpers, a 16-year-old daredevil and a sleeping security guard have made the site of the nation's tallest building -- and the nation's worst terrorist attack -- look dangerously easy to breach. On Friday, the security chief for New York City's World Trade Center complex resigned, his company's spokesman confirmed in an email to the Los Angeles Times. David Velazquez had been working since last August as assistant security director for the real estate firm Durst Organization.
March 29, 2014 | By David Colker
Lorenzo Semple Jr. was one of the hottest screenwriters in Hollywood in the 1970s and '80s, working on star-studded films such as "Papillon," with Steve McQueen and Dustin Hoffman; "Three Days of the Condor," headlined by Robert Redford; and "Never Say Never Again," Sean Connery's last movie as James Bond. But, rare in the trade, Semple didn't much mind if he was not the sole writer on a film. "Almost all the good scripts I've been involved in, I've been fired off of for one reason or another," he said in a 2011 video interview conducted by the Writers Guild Foundation.
March 28, 2014 | By Meg James
Old media is still alive and kicking. On its inaugural day of trading, CBS Outdoor Americas -- a billboard business, one of the oldest advertising mediums around -- shot up 5.4% over its initial price to close at $29.50 a share. CBS Corp. offered 20 million shares of the new entity in Friday's initial public offering on the New York Stock Exchange. CBS had priced the stock at $28 a share -- at the high end of its target. ON LOCATION: Where the cameras roll “The reaction so far has been positive so we're obviously very pleased,” Jeremy Male, chief executive of CBS Outdoor Americas, said in an interview.
March 28, 2014 | By Carla Rivera
Two members of Congress sent a letter this week to the owners of a closed South Gate trade school demanding that former employees be properly compensated. The for-profit Career Colleges of America closed suddenly in January after its accreditation and eligibility to provide federal financial aid was withdrawn amid ongoing financial problems. The school provided medical training to about 800 students at three campuses.  Nearly 400 employees who were working at the time the school closed have not been paid since November of last year, according to the letter written by  U.S. Reps.
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