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| August 19, 2018

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LA Times Archives - Page 1173 of 1213 -

Stocks drop to close out storm-shortened week

November 2, 2012 |

But the Dow is down only 14 points for the week, easing concern that lingering damage from Sandy would weigh on share prices or the economy.

Wall Street may have been walloped by super storm Sandy, but the stock market wasn’t.



L.A. Times – Business

Warren Buffett invests in parties, buys Oriental Trading Co.

November 2, 2012 |

Billionaire financier Warren Buffett already has his hands in newspapers, jewelry, insurance and other holdings. Now, with the acquisition of Oriental Trading Co., the 82-year-old can add party planning.



L.A. Times – Business

Hyundai, Kia inflated fuel economy claims on 900,000 cars, EPA says

November 2, 2012 |

South Korean automakers Hyundai Motor America and Kia Motors America overstated the fuel economy on nearly a million late model vehicles and will issue owners special debit cards to reimburse the extra money they are paying for fuel.



L.A. Times – Business

Edison International reports 55% drop in profit

November 2, 2012 |

The owner of Southern California Edison blames a delay in a decision on rate hikes and costs related to its San Onofre Nuclear Generating Station.

Edison International saw its third-quarter profit fall 55% because of lower energy prices and higher utility costs. The Rosemeadcompany also blamed a delayed decision on rate increases by California regulators.



L.A. Times – Business

DreamWorks rides ‘Madagascar 3’ success; profit jumps 24%

November 2, 2012 |

DreamWorks Animation posts earnings of $ 24.4 million on revenue of $ 186.3 million in the quarter that ended Sept. 30. The results easily exceeded Wall Street estimates.

DreamWorks Animation reported a 24% jump in profit in the third quarter, largely due to the box-office success of its animated film “Madagascar 3: Europe’s Most Wanted.”



L.A. Times – Business

AMC leaves moviegoers in the dark on rewards program change

November 2, 2012 |

AMC, now owned by a Chinese conglomerate, has quietly altered its loyalty plan so that customers get much-less-generous credits for free tickets or food.

AMC Entertainment wants to thank you for patronizing its movie theaters. But not too much.



L.A. Times – Business

British retailer tries to clear up ‘coffee confusion’

November 1, 2012 |

After a survey found that many java drinkers are baffled by terms such as latte, mocha, venti and grande, Debenhams adopts ‘plain English’ for its cafe menus.

What we’ve got here is “coffee confusion.”



L.A. Times – Business

Carmakers post healthy October sales, offer storm victims deals

November 1, 2012 |

Hurricane Sandy blew away tens of thousands of auto sales and destroyed an undetermined number of cars. After expressing the appropriate sympathy for the victims of this week’s disaster, the industry is now jumping on the opportunity to sell new cars.



L.A. Times – Business

Auto sales up in October, despite Sandy

November 1, 2012 |

Major automakers are reporting sales increases for October despite losing three days of sales to the punishing rain and wind from Superstorm Sandy.



L.A. Times – Business

2013 Audi Allroad steers toward yuppies with an active lifestyle

November 1, 2012 |

The Allroad, a rugged cousin of Audi’s A4 station wagon, blends style and smooth driving. It will appeal to outdoorsy yuppies, or those projecting such an image.

If anecdotal evidence gleaned from trips through L.A.’s moneyed coastal enclaves like Malibu, Pacific Palisades and Manhattan Beach is any indication, there’s a new automotive trend for the outdoorsy yuppie. It’s a station wagon.



L.A. Times – Business