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| June 29, 2017

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LA Times Archives - Page 904 of 964 -

U.S. banks post $37.6 billion in third-quarter profits

December 5, 2012 |

Earnings rose 6.6% from a year earlier, the industry’s 13th straight quarter of year-over-year gains. Critics say banks need to do more for mainstream America.

Four years after a massive federal bailout, banks are recording near-record profits — a development welcomed by regulators but met with fresh demands by critics that the financial firms do more to benefit mainstream America.


L.A. Times – Business

Mediators may spur a quick resolution in port strike

December 5, 2012 |

Striking clerical workers at the L.A. and Long Beach ports agree to mediation. Both sides in the dispute expect the high-profile negotiators to speed up talks.

Standing with a picket sign in hand, clerical worker Manny Garcia gestured his thanks to motorists honking in support as they drove past a Port of Los Angeles cargo terminal.


L.A. Times – Business

Port strike numbers are out to sea

December 5, 2012 |

The figure of $ 1 billion lost each day the clerical workers strike is bogus. The true number is a tiny blip in terms of national GDP.

Big, round numbers always get people’s attention. Numbers such as $ 1 billion, which has been bandied about as the economic loss per day nationally from the eight-day strike that shut down most of the ports of Los Angeles and Long Beach.


L.A. Times – Business

Netflix buys exclusive rights to Disney movies

December 5, 2012 |

The acquisition of Disney movies puts Netflix’s video-on-demand service in direct competition with pay TV giants such as HBO and Showtime.

Netflix Inc. has acquired exclusive U.S. rights to movies from Walt Disney Studios in a deal that catapults the Internet video-on-demand service into direct competition with pay TV giants such as HBO and Showtime.


L.A. Times – Business

Ma Barker’s infamous Florida hide-out for sale

December 5, 2012 |

The house in Ocklawaha, Fla., is listed at $ 889,000 — including 10 lakefront acres and artifacts from her gang’s 1935 shootout with the FBI.

The Ma Barker hide-out, site of the longest shootout in FBI history, drew more international publicity than solid offers when it was recently scheduled for auction, and it is now being listed for sale.


L.A. Times – Business

Netflix takes Disney pay-TV rights from Starz

December 4, 2012 |

Netflix has acquired the exclusive U.S. rights to movies from Walt Disney Studios films, beginning in 2016, in a three-year deal that catapults the Internet video-on-demand service into direct competition with pay-TV giants such as HBO and Showtime.


L.A. Times – Business

Federal mediation in port strike agreed upon by both sides

December 4, 2012 |

Both sides in the strike that has crippled the ports of Los Angeles and Long Beach have agreed to federal mediation, L.A. Mayor Antonio Villaraigosa said Tuesday at a news conference.


L.A. Times – Business

Stocks edge higher as budget talks continue

December 4, 2012 |

Stocks edged higher on Wall Street in early trading Tuesday as budget talks continued in Washington.


L.A. Times – Business

A new brand of cyber security: hacking the hackers

December 4, 2012 |

Irvine start-up CrowdStrike is pioneering a confrontational approach to cyber security. It identifies hackers and uses their own techniques to prevent theft.

WASHINGTON — As head of the FBI’s cyber crimes division, Shawn Henry often had to deal with exasperated company executives after his agents informed them that their networks had been hacked and their secrets pilfered.


L.A. Times – Business

Rupert Murdoch pulls plug on ‘the Daily,’ first news app for iPad

December 4, 2012 |

Rupert Murdoch says News Corp. was not convinced the digital publishing experiment would be viable long-term. The firm also announces a sweeping restructuring.

Rupert Murdoch has pulled the plug on News Corp.’s high-profile experiment to create a digital national newspaper.


L.A. Times – Business