BUSINESS
February 14, 2010 | Kathy M. Kristof, Personal Finance
If you are a teacher in debt, there's good news and bad news. There are literally dozens of programs that could potentially help wipe out your student loans. But most of them have narrow requirements that may lock you out. Just ask Troy Dale, a high school counselor from Ellis, Kan. He and his wife have $23,000 in student loans that they've been paying down for nearly a decade. At their current rate, they'll still be paying off their student debts when their oldest child enrolls in college.
BUSINESS
April 28, 2012 | By Jerry Hirsch, Los Angeles Times
Ford Motor Co. will offer about 90,000 U.S. salaried retirees and former employees vested in its pension plan a lump-sum payment to buy them out of monthly benefits. Ford, which also reported lower first-quarter earnings Friday because of losses in Europe and Asia, said the plan was an innovative strategy to reduce its pension obligations. The automaker won't put up any operating cash but rather will make the one-time payments from existing pension plan assets. "We believe this is the first time a program of this type and magnitude has been done in an ongoing pension plan," said Bob Shanks, Ford's chief financial officer.
SPORTS
February 23, 2012 | By Bryan Chan
Staples Center is home to four professional sports franchises, the Lakers, Clippers, Kings and Sparks. Each team has a different set-up on the arena floor. It is up to the crew overseen by the Staples Center operations department to reconfigure the floor for each game. Several times a year they must make the changeover twice or more over one weekend in between games. Last Saturday afternoon, while fans were still heading for the exits after the Clippers' 103-100 loss to the San Antonio Spurs, 65 workers began transforming the arena for the Kings' game against the Calgary Flames that night.
BUSINESS
May 18, 2012 | Walter Hamilton, Jessica Guynn and Tiffany Hsu, Los Angeles Times
There wasn't much to like about Facebook's first day as a public company. The social media giant's stock rose by mere pennies in its initial public offering. The shares closed at $38.23, barely above the $38 IPO price. The performance fell far short of the grandiose expectations of Wall Street and Silicon Valley, and raised questions about whether the company's stock will be the sure bet many had counted on. "There was all this pressure and hype and attention with all eyes on Facebook — and the starlet tripped on the red carpet," said Max Wolff, an analyst at GreenCrest Capital Management in New York.
BUSINESS
July 5, 2011 | By W.J. Hennigan, Los Angeles Times
Bob Kahl slips in through a side door of the vast, abandoned hangar and looks at what's left of the assembly plant where he worked for nearly 40 years. He remembers the hum of power tools, the biting aroma of cutting oil, swarms of workers plugging away on a labyrinth of yellow scaffolding. All that's left is a few piles of broken concrete and a sea of colorless dust that coats a Palmdale factory floor the size of two football fields. "Welcome to the birthplace of America's space shuttle fleet," said Kahl, 60, smiling.
BUSINESS
July 12, 2011 | Shan Li
Want to fool merchants with a fake ID? Hack someone's text messages? Or how about tracking where your co-workers are, without their knowing it? There's an app for that. The explosion in smartphone and tablet applications that enable people to check the weather, follow their stocks and play Words With Friends has a dark side: apps that facilitate questionable if not outright illegal behavior. Apple's App Store, for example, offers Drivers License software that promises "unlimited access to realistic-looking licenses" for all 50 states.