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Chrysler Back in Black Two Years After Bankruptcy

No Author — Wed, 01 Feb 2012 12:31:00 EST

Less than two years after a government-backed bankruptcy, iconic US automaker Chrysler on Wednesday posted its first annual profit and vowed to keep the money pouring at an even faster pace.

Nate 'n Al Delicatessen Opens at LAX

No Author — Mon, 23 Jan 2012 12:47:00 EST

L.A.�s World Famous Nate �n Al Delicatessen Comes to LAX and spreads it wings this January with the opening of a new location at Los Angeles International Airport. The legendary eatery, famous for stacked pastrami and corned beef on rye, fiercely loyal celebrity clientele and wry-humored wait staff, lands in Terminal 2 at LAX on January 17.

File-sharing Site Shut Down, Seven Indicted

No Author — Thu, 19 Jan 2012 14:59:00 EST

Megaupload.com, one of the world's largest file-sharing sites, has been shut down and seven people charged with copyright infringement and other crimes, US authorities announced Thursday.

Carnival Shares Fall After Ship Disaster

No Author — Tue, 17 Jan 2012 11:43:00 EST

Shares of cruise ship operator Carnival dropped sharply Tuesday after one of the company's vessels ran aground and sank off the Italian coast, leaving at least 11 dead.

American Airlines to Cease Operations at Burbank Airport

No Author — Tue, 10 Jan 2012 12:01:00 EST

American Airlines announced today that it will end its service at Bob Hope Airport in Burbank next month.

Ex-Wolfgang Puck Employees Reach Settlement

No Author — Tue, 10 Jan 2012 11:42:00 EST

A judge today gave preliminary approval to a $500,000 settlement to resolve claims by nearly 2,000 current and former employees of Wolfgang Puck Catering and Events who alleged wage and hour violations.

Chrysler to Bank $2 Billion as Sales Surge: CEO

No Author — Mon, 09 Jan 2012 11:41:00 EST

Chrysler is poised to rake in almost $2 billion in cash this year after sales of cars and trucks soared in 2011, the head of the US automaker and Italy's Fiat, Sergio Marchionne, said Monday.

Frederick's of Hollywood Thriving in Recession

No Author — Thu, 05 Jan 2012 12:41:00 EST

Whatever the rest of the economy is doing, the trashy lingerie industry is showing signs of vibrancy.

Frederick's of Hollywood Group Inc. announced this morning that store sales for the five weeks ended Dec. 31 increased 6.3 percent over the five weeks ended Jan. 1, 2011.

Sears to Close Up to 120 Sears and Kmart Stores

No Author — Tue, 27 Dec 2011 10:20:00 EST

Sears said Tuesday it would close 100 to 120 of its Sears and Kmart stores and warned fourth-quarter earnings before charges would drop by at least half to $466 million due to lower sales and margins.

Mac App Store Downloads Top 100 Million

No Author — Mon, 12 Dec 2011 13:05:00 EST

Apple on Monday said that more than 100 million mini-programs tailored for Macintosh computers have been downloaded from the Mac App Store since it opened at the start of the year.

UCLA Study: CA Maybe Emerging from Economic Slump

No Author — Wed, 07 Dec 2011 12:10:00 EST

California saw a surprising increase in jobs in September and October, raising hope that the state is crawling out of its economic doldrums, but the anticipated sluggishness of the national and international financial picture should temper those expectations, according to a UCLA economic forecast released today.

US Car Sales Accelerate in November

No Author — Thu, 01 Dec 2011 11:38:00 EST

US car sales accelerated in November in what was shaping up to be the best performance since 2009, with Chrysler posting a sizzling 45 percent gain, industry data showed Thursday.

Villaraigosa: Beverly Hills Porsche Plans to Relocate in Los Angeles

No Author — Tue, 08 Nov 2011 13:10:00 EST

Mayor Antonio Villaraigosa also proposed eliminating the city's business tax for auto dealers in a bid to keep new-car dealerships in Los Angeles.

Beverly Hills Conference & Visitors Bureau Announces New Senior Manager of Business Development

No Author — Wed, 19 Oct 2011 10:05:00 EST

Beverly Hills Conference & Visitors Bureau (BHCVB) has named Mary Saunders De Hoyos as Senior Manager Business Development for the organization. In this role, De Hoyos is responsible for the development and implementation of all programming and interaction with members of the domestic and international travel trade.

Bank of America swings into profit

No Author — Tue, 18 Oct 2011 10:36:00 EST

Bank of America said Tuesday it swung back into profit in the third quarter, following a series of losses, as it sold off non-core assets and built up its balance sheet.

Icahn to Lower Stake in Lionsgate

No Author — Thu, 13 Oct 2011 10:00:00 EST

A long-running tussle between film and television distributor Lions Gate Entertainment Corp. and Carl Icahn, a billionaire corporate raider who fought for years for control of the company, appeared to be nearing an end today with the announcement of a public offering that will lower Icahn's stake to 3.1 percent.

"Bratz" Antitrust Lawsuit Against Mattel Begins

No Author — Tue, 11 Oct 2011 10:24:00 EST

Attorneys for toy giant Mattel, which lost its bid for the rights to the Bratz dolls to upstart rival MGA Entertainment, will return to a Santa Ana federal courtroom today to fend off a $2 billion antitrust lawsuit from its much smaller nemesis.

Amazon launches iPad rival, the Kindle Fire

No Author — Wed, 28 Sep 2011 10:05:00 EST

US online retail giant Amazon unveiled a tablet computer, the Kindle Fire, on Wednesday that costs $199, less than half the price of the cheapest iPad from market-leader Apple.

'Goldman Sachs runs the world': trader sparks outrage

No Author — Tue, 27 Sep 2011 10:42:00 EST

A financial trader in London caused a storm of outrage by suggesting that world leaders cannot do anything to prevent a global market collapse, saying that investment bank Goldman Sachs ruled the world.

US approves rule on bank bankruptcy plans

No Author — Tue, 13 Sep 2011 11:30:00 EST

US regulators approved Tuesday a rule requiring 37 large US and foreign financial institutions to submit plans to allow for their orderly dismantlement in case of bankruptcy.

In the wake of the 2008-2009 financial crisis, the Federal Deposit Insurance Corporation rule, which regulates banks, has adopted the rule in order to better wind up and limit the spillover damage of complex, systemically important financial institutions that fail.