L.A. Times - Business

Broadcom drops hostile bid for Emulex

Thu, 9 Jul 2009 10:46:00 -0700

The takeover battle between two Southern California chip makers ended this morning when Broadcom Corp. said it was abandoning its hostile bid for Emulex Corp.

Property values fall in L.A. County for first time in 13 years

Thu, 9 Jul 2009 08:00:00 -0700

Assessor For the first time in 13 years, the overall value of property in Los Angeles County has declined, according a report released this morning by the county's assessor's office.

Gains in financials, material stocks lift market

Thu, 9 Jul 2009 13:55:00 -0700

NEW YORK -- Investors are finding some appetite for risk after a jittery week.

Retailers report weak June sales

Thu, 9 Jul 2009 11:45:00 -0700

Hardly any sector is exempt as discounters, department stores and apparel chains report steep declines and fail to meet Wall Street expectations.

Lingering job and financial worries meant summer shopping sprees were put on hold for many consumers last month, leading to worse-than-expected sales declines at many of the nation's largest retailers and raising fears that the back-to-school shopping season could be in trouble.

Madoff won't appeal 150-year sentence

Thu, 9 Jul 2009 09:31:00 -0700

NEW YORK -- Disgraced financier Bernard Madoff will not appeal his 150-year sentence for a fraud that unraveled overnight last December when Madoff confessed to his sons that nearly $65 billion he promised investors was safe was actually only worth a few hundred million dollars.

New jobless claims at lowest level since January

Thu, 9 Jul 2009 06:50:00 -0700

WASHINGTON -- The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.

Google sees window of opportunity to launch operating system

Thu, 9 Jul 2009 00:00:00 -0700

The Internet search giant takes aim at Microsoft's dominant product with Chrome OS, which is targeted at the netbook market.

Google Inc.'s plan to launch its own computer operating system is a direct assault at the heart of Microsoft Corp., and its bold move could fundamentally change the way personal computers are used.

Google Chrome OS could give a big boost to netbooks

Thu, 9 Jul 2009 00:00:00 -0700

The free operating system will initially be aimed at the mini laptops. With manufacturers no longer paying for the Microsoft operating system, prices could come down as much as $50.

Suddenly, mini laptop computers are no longer so mini, at least in importance.

Consumers could pay for Google's power

Thu, 9 Jul 2009 00:00:00 -0700

The Internet giant offers an abundance of popular free services and now plans to create its own computer operating system. What the company is capable of raises concern.

At first glance, Google's latest plan for global domination sounds very cool.

Katrina case tops L.A. attorney Pierce O'Donnell's own trials

Thu, 9 Jul 2009 00:00:00 -0700

Charges that the prominent litigator violated federal campaign finance law have been dropped, so now he's focusing on his blockbuster lawsuit stemming from the 2005 disaster in New Orleans.

Pierce O’Donnell wants you to know he's back in business.