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'Hunger Games,' 'Twilight' hurt Lions Gate earnings before they help
Any Hollywood studio would kill to release "The Hunger Games" in theaters and the fourth "Twilight" movie on DVD within two months of each other, but doing so actually hurt Lions Gate's bottom line in the short-run. The Santa Monica studio on Wednesday...
Tags: LOL (movie), Companies and Corporations, Games, Miley Cyrus, DVDs
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Verizon boosting its home broadband speeds
Verizon announced plans to introduce next month a new Internet service that will double the download speeds of its current top service, which is already the fastest mass-scale service in the country. The company will also more than double the speeds of...
Tags: Computer Networking and Internet, Companies and Corporations, Video Supplies and Services, Verizon Communications, Photography and Video
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Apple takes over Italian software start-up Redmatica
Apple Inc. has acquired a small Italian start-up that specializes in digital music editing, according to an Italian blog. The Cupertino, Calif., tech company purchased Redmatica, a small start-up whose most notable software is Keymap Pro, according to...
Tags: Companies and Corporations, Apple iPhone, Media Industry, Tim Cook
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McCourt management of Dodgers under grand jury investigation
A federal grand jury is investigating possible criminal financial misconduct of the Dodgers and related entities during the ownership of Frank and Jamie McCourt, a person familiar with the matter told The Times. Authorities have requested documents...
Tags: Jamie McCourt, Goldman Sachs, Bud Selig, Major League Baseball, Internal Revenue Service
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Colleges' bank deals saddle students with big debit-card fees
As many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to get to their financial aid money, according to a report released Wednesday by a public interest group. Colleges and banks rake in millions...Tags: Companies and Corporations, Credit and Debt, Students, U.S. Consumer Financial Protection Bureau, Finance
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Facebook's Mark Zuckerberg no longer among richest of rich [Video]
It took JPMorgan Chase months to lose about $2 billion. Facebook's Mark Zuckerberg -- always a go-getter -- did it in less than two weeks. The Big Z's personal wealth has taken such a big a hit that he's been knocked off the Bloomberg Billionaires Index,...
Tags: Companies and Corporations, Stock Market, Sony Corp., Media Industry, JPMorgan Chase & Co.
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Possible settlement talks delay 'Call of Duty' trial hearing
A pretrial hearing in the multibillion-dollar "Call of Duty" lawsuit was once again delayed as lawyers for all parties huddled in private talks that could result in a last-minute settlement. Proceedings were set to begin at 9 a.m. Wednesday after a...
Tags: Companies and Corporations, Entertainment, Activision Blizzard, Inc., Gaming Industry, Trials
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EU calls for 'banking union' to ease crisis
The European Union's executive office said the 17-country Eurozone needs a "banking union" that can centrally oversee and — if needed — bail out the sector, which has become a weak link in the continent's financial system. Fears that the cost...Tags: Politics, Republic of Ireland, European Union, Career and Workplace, Employment
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Chrysler aims to crack small-car market by reviving Dodge Dart
Three years after their shotgun marriage, Chrysler and Fiat are rolling out a new car that combines Chrysler's legacy with Fiat's Italian design roots.
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FOR THE RECORD:
A story in Wednesday's Business Section about Chrysler's...Tags: Italy, Automotive Equipment, Companies and Corporations, Corporate Officers, Vehicles
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Divers plan to retrieve Chinese porcelain worth $43 million
There's $43 million worth of 16th-century Chinese porcelain just waiting to be picked up. One catch: It's at the bottom of the ocean, about 200 feet down, off the coast of Indonesia. The treasure trove ended up there when the giant wooden junk that...
Tags: Companies and Corporations
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Pep Boys ends proposed $1-billion merger with Gores Group
Auto parts chain Pep Boys said it agreed to terminate its proposed $1 billion merger with Gores Group. As settlement "for any and all potential claims that Pep Boys could assert under the terms of the merger agreement," Gores Group has agreed to pay...Tags: Automotive Equipment, Companies and Corporations, Vehicles, Manufacturing and Engineering, Services and Shopping
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Oil rocked by concerns over Spanish banking sector
Crude oil prices dropped below $89 a barrel as the Euro dropped to its lowest levels in nearly two years. Both were pulled down by concerns about the costs of rescuing Spain's fragile banking sector. Light sweet crude futures for July delivery were...
Tags: New York Mercantile Exchange, Market and Exchange, Commodity Markets, Petroleum Industry
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