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| January 22, 2018

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LA Times Archives - Page 975 of 1088 -

U.S. budget cuts start ‘slow grind’

March 3, 2013 |

President Obama tones down rhetoric as across-the-board federal spending cuts begin.

WASHINGTON  — After weeks of increasingly dire warnings, the White House scrambled to adjust to the political and economic reality of deep and indiscriminate spending cuts that kicked in Friday and would, over time, hinder the economic recovery.


L.A. Times – Business

U.S. factory work is returning, but the industry has changed

March 3, 2013 |

Wal-Mart, Lenovo and other companies are pulling some manufacturing back from overseas. In terms of job growth, though, ‘it’s just a drop in the bucket.’

GRIFFIN, Ga. — Giant machines are tearing down the old bleachery, another reminder to Chuck Smith that this old mill town doesn’t make much anymore.


L.A. Times – Business

Onetime actor finds starring role in real estate

March 2, 2013 |

Nick Segal, the nephew of film and TV star George Segal, tried his hand at acting, but that didn’t pan out. He turned to selling homes and now heads a brokerage.

The gig: Nick Segal is president and a founding partner of real estate brokerage Partners Trust, which specializes in the high-end, luxury markets of the Southland. It’s his latest endeavor in a real estate career that has spanned decades and included stints with Sotheby’s International Realty and DBL Realtors, which Sotheby’s acquired in 2004.


L.A. Times – Business

‘Like finding lost Rembrandts’

March 2, 2013 |

The Voisin brand has undergone a renaissance within the classic car world. The creation of a colorful Frenchman, the cars are worth millions of dollars today.

Peter Mullin cracks open the door of a 1935 Voisin Type C25 Aerodyne at the back of the auto museum bearing his name. He points out the intricate details of a vibrant Art Deco interior, restored to its original luster.


L.A. Times – Business

Patricia Heaton in ‘The Middle’ of home sale in Hancock Park

March 2, 2013 |

Patricia Heaton and husband David Hunt are in escrow on their 1923 Italianate Mediterranean-style estate, which they had listed at $ 8.295 million.

Actress Patricia Heaton , who stars in “The Middle,” and her husband, actor David Hunt , put their home in Hancock Park up for sale at $ 8.295 million, and in three weeks it was in escrow.


L.A. Times – Business

Brazil is trying to restart its economic growth spurt

March 2, 2013 |

There’s not much evidence its strategies are working: The country says its GDP grew less than 1% last year, a far cry from the 4.5% it recently averaged.

SAO PAULO, Brazil — The Brazilian government is hoping to get South America’s largest economy kicking again.


L.A. Times – Business

Pro sports leagues aim to put workers’ comp out of play

March 2, 2013 |

The NFL and others claim retired pro athletes — many from out of state — are ripping off California’s workers’ comp system. The Legislature may be buying it.

One would think that we’ve learned from bitter experience not to trust a word uttered by our major professional sports leagues.


L.A. Times – Business

Eurozone jobless rate climbs to record 11.9% in January

March 2, 2013 |

The 17-member single-currency bloc continues to grapple with recession and the effects of stringent government cutbacks.

The toll from the Eurozone debt crisis mounted in January.


L.A. Times – Business

Berkshire profit rises 49% on Buffet’s derivatives wagers

March 1, 2013 |

Berkshire Hathaway Inc. said fourth-quarter profit rose 49% on gains tied to derivatives bets by billionaire Chief Executive Warren Buffett.


L.A. Times – Business

Stocks waver as incomes fall and budget cuts loom

March 1, 2013 |

The stock market turned mixed Friday, erasing an early loss, after a report showed a rise in manufacturing.


L.A. Times – Business