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May 23, 2012 | By David Horsey
Congratulations to Mark Zuckerberg on his surprise wedding last Saturday. I certainly hope his marriage gets off to a better start than Friday's initial public offering of shares in his social networking colossus, Facebook.  Wall Street analysts are now saying the opening share price of $38 was too high for investors wary of buying into a business that delivers millions of messages and photos from college drinking parties but produces a comparatively...
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BUSINESS
April 4, 2014 | By Jessica Wohl
CHICAGO — Investors filled up on shares of GrubHub in the company's first day of trading. GrubHub shares rose as high as $40.80 on Friday and ended up 31%, at $34. The Chicago company's gains came even as the overall stock market fell, with the Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq composite all posting declines. At $34 a share, the online food ordering service is worth about $2.67 billion, or roughly half as much as Groupon Inc., the Chicago daily deals company.
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BUSINESS
February 20, 2014 | By Tiffany Hsu
If Wal-Mart Stores Inc.'s fiscal fourth-quarter earnings were any indication, the economy could use some shaping up. The Bentonville, Ark., giant, the largest retailer in the world, said its profit for the three-month period ended Jan. 31, plunged 21% to $4.4 billion, or $1.36 a share, from $5.6 billion, or $1.67 a share, during the same period a year earlier. The company's earnings missed Wall Street's expectations of $1.59 a share. The chain's $128.8 billion in net sales, a 1.4% increase, also failed to hit forecasts of $129.9 billion.
BUSINESS
April 2, 2014 | By Walter Hamilton
At a time when public trust in Wall Street already is at a low, new allegations about high-speed stock trading threaten to further erode confidence in the financial markets. The furor centers on accusations that professional traders armed with ultra-fast computers have rigged the stock market. High-speed firms engage in what critics say amounts to insider trading, using super-charged systems to decipher trading patterns. Criticism of high-frequency trading has long swirled in financial circles, and multiple regulators are conducting investigations.
BUSINESS
April 14, 1989 | PAUL RICHTER, Times Staff Writer
John S. R. Shad, who agreed Thursday to become chairman of Drexel Burnham Lambert's holding company, is a former Securities and Exchange Commission chairman known for strong convictions on ethics and free-market economics. During an SEC chairmanship that lasted between 1981 and 1987, the long-time E. F. Hutton investment banker presided over the agency's most far-ranging investigation of Wall Street corruption. He was personally shocked at the lawbreaking, friends say, and in 1987 pledged $30 million--most of his fortune--to set up a business ethics program at Harvard University.
NEWS
February 28, 1988 | KAY BARTLETT, Associated Press
Shawn Robbins, psychic, author and mail-order entrepreneur, has turned her big hazel eyes toward Wall Street since the stock market has become so volatile. A shaky market is good for people in her line of work, she says. "For psychics," she says, "the market is boring when it's good, but now is the chance to really shine with psychic abilities. This is a good time to go to a 'reputable psychic.' "Be careful, though. This is not the time to go to Madame Ripoff on the corner with your portfolio.
OPINION
May 25, 2012
Re "Facebook IPO flop drawing increased scrutiny," May 23 The best that can be said for the U.S. Securities and Exchange Commission's continuing attack on "insider trading" is that it makes the market safer for the professional gamblers. The worst that can be said is that it deludes a public investor into believing that he or she has a chance to win. In reality, a public stock owner will always be the last to know and can only invest long after all the speculative gains have been taken by the guys who spend all day watching the computer screens and making flash trades.
ENTERTAINMENT
January 28, 2014 | By Nardine Saad
Margot Robbie, the blond bombshell that broke out as Leonardo DiCaprio's "duchess" trophy wife in "The Wolf of Wall Street," is now a brunet babe. And she probably will be a brunet the next time you see her walk the red carpet at the Oscars. "First day on set for Z! She ain't a Duchess no more," the "Pan Am" alum  wrote on her WhoSay account, sharing a photo of herself with messy brunet hair tucked under a "Co-Op Seeds" trucker hat. PHOTOS: 50 most beautiful female celebrities The costumed look for Craig Zobe's "Z for Zachariah" is a huge departure from the Australian actress' look in "Wolf of Wall Street" and the now famous glamorous red carpet debut she made at the Golden Globes this month in a white Gucci column gown accented with emerald trim and accessories.  The sci-fi flick tells the tale of a post-apocalyptic teen named Ann Burden, who survives a nuclear war in a small American town.
NEWS
September 17, 2012 | By Alexandra Le Tellier
Occupy Wall Street protesters commemorated the one-year anniversary of the 99% movement Monday, marching down the streets of Manhattan's financial district wearing masks and party hats. Though some protesters were arrested, it was a muted affair in comparison with the demonstrations that took place while OWS was headquartered in New York's Zuccotti Park for several months.   In a Times story by Tina Susman and Andrew Tangel about today's demonstrations , Wall Street worker Robert Nicholson is quoted as saying: "I think they're idiots.
BUSINESS
March 16, 2009 | Associated Press
Wall Street knows it shouldn't get ahead of itself. So traders and investors are likely to go into the new week cautiously as they wait to see whether last week's rally was a sign of a turnaround or just a blip. The market has become used to false starts since stocks began their collapse last September. And as Wall Street ran up its biggest weekly gain since November, many analysts warned that this rally would soon fizzle, with stocks pulling back again rather than staging a lasting recovery.
CALIFORNIA | LOCAL
March 24, 2014 | By James Rainey
With city budget managers intent on limiting new spending and reining in employee benefits, a coalition of union and political groups is fighting back with a report that suggests Los Angeles City Hall is spending too much on Wall Street and not enough on Main Street. The Fix L.A. Coalition, which is made up of union and liberal political groups, plans to release a report Tuesday that suggests the city could substantially reduce the $204 million in bank and money management fees that it paid last year to Wall Street firms.
BUSINESS
March 15, 2014 | By Lauren Beale
If Leonardo DiCaprio needs to take a breather after his hard-fought Oscar battle, he can retreat to the Palm Springs estate he recently bought for $5.23 million. Set on 1.3 acres in the Old Las Palmas neighborhood, the renovated 1963 estate designed by architect Donald Wexler was once owned by Dinah Shore , the big band-era singer, television show host and avid golfer who died in 1994. The 7,022-square-foot Modernist showplace has floor-to-ceiling glass walls, wooden ceilings, a massive stone fireplace and a sunken bar in the living room.
BUSINESS
March 12, 2014 | By Ricardo Lopez
Wall Street bonuses grew an estimated 15% in 2013, swelling to an average $164,530, the third-highest amount on record, the New York comptroller's office reported Wednesday. Firms will pay out an estimated $26.7 billion in bonuses to their employees for performance in 2013, state officials said. The estimate includes cash bonuses for that year and deferred compensation from previous years. "Wall Street navigated through some rough patches last year and had a profitable year in 2013," said New York Comptroller  Thomas P. DiNapoli . " Although profits were lower than the prior year, the industry still had a good year in 2013 despite costly legal settlements and higher interest rates.
OPINION
March 5, 2014
Re "A shortage of new homes as builders struggle," March 2 The real reason that new homes are not being built here and across the country is because Wall Street hedge funds have gobbled up available housing stock and are either using them for rentals or holding them un-inhabited, as in Las Vegas, to drive up the market. For these uber-wealthy people, housing is a commodity like gold to be speculated with. They are not investing in new development because they are betting on driving housing prices up by creating a false scarcity.
ENTERTAINMENT
March 2, 2014 | By Mark Olsen
"Will you still love me, when I'm no longer young and beautiful?" So asks the musical question in a Lana Del Rey song used as a refrain throughout the recent adaptation of "The Great Gatsby. " In some sense it is a question that Leonardo DiCaprio, who plays the title role, has seemed to be asking audiences ever since the explosive fame of "Titanic" made him an international superstar. DiCaprio is a double Oscar nominee for "The Wolf of Wall Street," as both actor and producer, and along with "Gatsby," the roles showcase him as an artist at a new peak of his powers.
ENTERTAINMENT
March 1, 2014 | By Saba Hamedy
Growing up, Christopher Navarro used to listen to himself talking on a hand-me-down Kmart cassette tape recorder, then re-record his voice until he had perfected the audio clip. Now 38, the Northern California native channels his childhood pastime in his career as an automatic dialogue replacement mixer, meaning he re-records dialogue by actors in a sound studio during post-production. Though his name won't be read among the official Oscar nominees this Sunday, the ADR mixer for Audio Head and the Formosa Group has his work in four of the nine best picture contenders: "Gravity," "12 Years a Slave," "Her" and "The Wolf of Wall Street.
BUSINESS
January 12, 2009 | Associated Press
Coming off its worst week since November, Wall Street is now wondering whether its late-2008 optimism about the economy was misguided -- or at least premature. The beginning of companies' fourth-quarter earnings reports this week will be more anxiety-provoking than usual for investors after Alcoa Inc. and Intel Corp. warned last week that they were being hit hard by the recession.
BUSINESS
May 7, 2012 | By Andrew Tangel
U.S. stocks slid in early trading Monday following French and Greek elections that may shift the direction of the Eurozone's fiscal policy. The Dow Jones industrial average was down about 50 points, or 0.38%, shortly after the opening bell on Wall Street. The Standard & Poor's 500 index bounced in and out of positive territory in early trading. The S&P 500 was down about 2 points, or 0.15%, about 45 minutes after trading opened. Wall Street's mixed opening comes as the elections in France and Greece appeared to challenge austerity measures the European countries have put in place to reassure bond markets as an intractable debt crisis continues to imperil the continent's common monetary system.
ENTERTAINMENT
March 1, 2014 | By Chris Lee
Bright and early on Jan. 16, Terence and Rachel Winter woke up to discover they had made Oscars history. As the Academy Award nominations were announced, Terence, a multiple Emmy-winning writer-producer who created HBO's "Boardwalk Empire," scored an Oscar nod for adapted screenplay for "The Wolf of Wall Street. " And Rachel, whose filmography skews toward smaller, indie productions, landed a nomination as a producer of "Dallas Buyers Club," in the running for best picture this year.
NEWS
March 1, 2014 | By Ellen Olivier
The event: Academy Award winners Helen Mirren and Cathy Schulman, president of Women in Film, cohosted a salute to the 2014 female Oscar nominees, presented by WIF's board of directors and Perrier-Jouet Champagne. (Mirren won for best leading actress in “The Queen;” producer Schulman, for “Crash.”) As Sunday's nominees gathered Friday at the Fig & Olive restaurant in Los Angeles for formal congratulations from partygoers, Mirren quietly offered them tips for the big night.
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