July 11 - July 17, 2010
Friday, Jul. 16
Dow fell 261 points, to 10,097. A big drop in consumer confidence, disappointing earnings results - take your pick....
"We're not perfect," said the Apple CEO in announcing that, yes, the company screwed up in designing the antenna on its iPhone 4.
Medicare data finds 30-day mortality rate is lower among local hospitals than for the nation overall.
The county lost 15,000 payroll jobs between May and June, but several industries picked up positions. Unemployment rate unchanged at 12.2%.
The errors were discovered by David Axene, a 60-year-old actuary who was doing the checking while seriously ill in a hospital bed.
Consumer confidence sinks, Paul Allen will give away half his fortune, Whitman raises more money than Brown, and Tesla to work with Toyota on RAV4.
Thursday, Jul. 15
Appellate judge rules that a $2.3-million verdict against the company was tainted by American and Nicaraguan attorneys.
The most popular acts continue to sell out, but cancellations and postponements have hurt overall sales.
The $550-million settlement works out to 2 percent of the firm's $27 billion in cash and short-term securities as of March 31.
CNBC is reporting that a settlement has been reached that would resolve a fraud lawsuit against Goldman Sachs. Announcement is expected at 1:45. *WSJ reports that Goldman will pay $550 million to settle the SEC charges....
All valves have been shut on the new cap and oil stopped flowing into the Gulf of Mexico at 12:25 p.m. PT
The improving numbers could complicate Gov. Arnold Schwarzenegger's campaign for pension reform.
Is it extra virgin or not? Is it exposed to too much heat or light? Has it been improperly stored?
Purchase price is a record-high $450 million (previous record for an NBA franchise was $401 million for the Phoenix Suns).
Financial reform bill nears passage, CA foreclosures keep falling, builder of World Trade Center bought by L.A. firm, and nutty salaries in Bell.
Wednesday, Jul. 14
The state is still taking applications despite having more than enough homebuyers to hit the $100 million allocation.
Valves have been closed on a the new cap and now it's just a question of whether the pressure can hold.
Simple - just increase the number of out-of-state students who will be shelling out more for tuition.
That's apparently a first - 6.6 million people over 65 worked or looked for work in the first six months of the year, versus 5.9 million 16- to 19-year-olds.
The central bank is revising downward its growth forecast for the year, and it expects the unemployment rate to stay at around 9.5%.
The county's busiest hotels were in West Hollywood and Marina del Rey. Daily rates fell a bit.
More Californians kicked off jobless rolls, port traffic requires additional workers, ex-Indymac executives sued, and cruel irony for Schwarzenegger.
Tuesday, Jul. 13
When responding to an email regarding the future of two employees, make sure you know who is on the other end.
The movie rental company has figured out a way to have machines open its red envelopers - and it's costing 125 jobs.
That would suggest a bullishness by retailers about the back to school and holiday seasons.
Activity in the second quarter was up 16 percent from a year earlier, according to FilmLA.
Turns out that some of the drivers who said their cars surged out of control were mistakenly flooring the accelerator.
But sales were up substantially from a year earlier. Some of that uptick might be due to the federal tax credit program, which is now over.
Who knew that Disney's decision to unload the movie production company would turn out to be such a circus?
My weekly business chat with Susanne Whatley looks at weekly wages in L.A. compared with other cities.
Financial reform nears passage, tough finding a job in L.A., airline fees boost the price of tickets, and magazine revenues are looking up.
Monday, Jul. 12
An agreement has not been reached, but after 11 days clerical workers have returned to their jobs.
Some of the cons constitute outright fraud (not that the company will usually press charges).
h/t The Daily Dish...
The 1929 house has four bedrooms, three bathrooms, a pool - and a past. It's going for $3.595 million.
Money magazine ranks it 22nd on the list of best places to live, the best showing of any city in California. Yorba Linda was 38th.
At least L.A. County's jobless rate of 12.3 percent in May is lower than that of Ireland, the Slovak Republic and Spain
The testing service cites the much-reported reception problem when fingers or hands touch a spot on the phone's left side.
Meg Whitman has been calling Jerry Brown's entire political career a failure, but the company she ran gave $5,000 to his 2006 campaign for attorney general.
More Americans have lousy credit, stimulus money for California is running out, flight cancellations climb, and Hefner wants to take Playboy private.
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The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
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