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2014 Archive Stories Business

Lazerson: Innovative loan programs full of options for owners

Sun Sep 21, 2014

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. RATE NEWS SUMMARY From Freddie Mac’s weekly survey: the 30-year fixed-rate mortgage took an 11-basis-point beating, landing at 4.23 percent from the previous week’s 4.12 percent. The 15-year fixed faired just as bad

Oculus developer conference goes Hollywood

Sat Sep 20, 2014

Irvine-based Oculus VR revealed its latest virtual reality prototype, Crescent Bay, on Saturday at its first developer conference. CEO Brendan Iribe announced the headset to a crowd of about 1,000 developers at the Loews Hotel at the Hollywood and Highland complex. While the device is not yet consumer-ready, “it’s much closer

'Pump' documentary filled with fuel alternatives

Fri Sep 19, 2014

Americans use 18 million barrels of oil daily, more than half of it imported from other countries. And when prices go up, the entire U.S. economy pays the price through more expensive commodities, high rates of unemployment and political unrest. Oil is an addiction that has the country quite literally over a barrel. But what if we pu

Santa Monica may outlaw controversial parking app

Fri Sep 19, 2014

MonkeyParking made headlines in June, when the San Francisco City Attorney sent the tech start-up a letter asking the company to cease operations in the city or face possible litigation. The app, which allows users to auctio

Ford's new 2015 Mustang is a winner

Thu Sep 18, 2014

The 2015 Mustang looks a lot better in person than it does in pictures. Even Ford brass have experienced it. The Michigan automaker has hired six different teams of professional photographers to capture the new Mustang’s spirit. But just like the Native Americans who long ago rode the Mustang horses, photographs have failed to capture its

Law on giving cyclists 3 feet of space raises questions

Thu Sep 18, 2014

All California motorists will soon be affected by a new law designed to protect bicyclists. AB1371, better known as the Three Feet for Safety Act, takes effect Tuesday, replacing the current requirement that motorists pass cyclists while keeping a safe distance, with a specific definition of that safe distance: 3 feet. Motorists will now

Alleged credit card skimmers arrested in schemes costing banks $2 million

Thu Sep 18, 2014

Four men were taken into custody Thursday on charges of using “skimming devices” to steal credit card data, and sell the information to make and sell fraudulent cards, the U.S. Attorney’s Office said. Indictments returned by a federal grand jury in Los Angeles last month accused the alleged “skimming ring” o

Foreclosures rise, but experts say not to worry

Thu Sep 18, 2014

Foreclosures rose nationwide last month, but that’s not an indicator of what’s to come, experts say. Real estate information service RealtyTrac recently released its U.S. Foreclosure Market Report for August, which shows that foreclosure filings – that includes default notices, scheduled auctions and bank repossessions

New gastropub could be on tap as part of proposal for Union Station

Thu Sep 18, 2014

The team that supplied much of the liquor and the life for the downtown Los Angeles revitalization is looking to keep the party going at Union Station. Next month, the Metro Board of Directors will consider a proposal from Cedd Moses and Eric Needleman of 213 Spirited Ventures – which runs Cole’s, Casey’s Irish Pub, Sev

Distinguished Gentlemen make motorcycles a dapper affair

Thu Sep 18, 2014

Mark Gamo plans to wear a Rag & Bone suit and dress shoes. Rahoul Ghose – a Hugo Boss shirt, vest and bow tie. Both will be topped with stylish French motorcycle helmets when they gear up for The Distinguished Gentleman’s Ride, a global one-day motorcycle event to raise awareness and funds for prostate cancer research. &ld

Audi receives California's first autonomous driving permit

Thu Sep 18, 2014

German automaker Audi secured the first permit from the California Department of Motor Vehicles on Tuesday for autonomously driven vehicles. New state regulations taking effect this week require each autonomous vehicle to carry at least $5 million in surety bond coverage in order to drive on California roads. Audi has already conducted tens of t

Rally makes the jump to Port of L.A.

Thu Sep 18, 2014

The fast-growing Red Bull Global RallyCross series sends drivers drifting around corners and splashing through puddles. Packs of drivers sprint the straights at speeds approaching 100 mph, barely clearing concrete K-rails on a course that’s part pavement, part dirt and pure adrenaline. The sport started in Los Angeles at the X Game

Wienerschnitzel's first location designated a historic-cultural monument

Thu Sep 18, 2014

In 1961, the late John N. Galardi opened the first Der Wienerschnitzel in Wilmington at a 600-square-foot structure with a walk-up window and a drive-through in the middle of the building. On Tuesday the building was recognized as a historic-cultural monument by the city of Los Angeles and its Cultural Heritage Commission with a commemor

Wienerschnitzel's first location now a historic-cultural monument

Wed Sep 17, 2014

In 1961, the late John N. Galardi opened the first “Der Wienerschnitzel” in Wilmington at a 600-square-foot structure with a walk-up window and a drive-through in the middle of the building. On Tuesday the building was recognized as a historic-cultural monument by the city of Los Angeles and its Cultural Heritage Commissi

To live and move in L.A. (and O.C.)

Wed Sep 17, 2014

For Vanessa Bartsch, an immigration attorney who works in Westminster, moving from Los Angeles to Orange County was a no-brainer. A good education for her 5-year-old son served as the primary reason. “You have to either live in those very few neighborhoods in L.A. that have excellent school districts or pay for private school,&rdquo

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