MILAN (AP) — Milan Fashion Week started off on a somber note Saturday, as the design world maintained a vigil for the missing CEO of the family-run Missoni fashion house.The Italian National Fashion Chamber urged the fashion community to post messages on social networks to keep pressure on authorities not to abandon the search for Vittorio Missoni and five others who disappeared aboard a twin-engine...
Treasury Will Not Mint $1 Trillion Coin to Raise Debt Ceiling
Label: BusinessWASHINGTON — The Treasury Department said Saturday that it will not mint a trillion-dollar platinum coin to head off an imminent battle with Congress over raising the government’s borrowing limit. “Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in...
Jan
11
James' spending in mayor's race far outpaces fundraising
Label: World Kevin James, the sole Republican among the main contenders in the Los Angeles mayor's race, raised a little more than $42,000...
Student Appeals Suspension for Refusing to Wear RFID Tracker
Label: Technology A Texas high school student on Friday asked a federal appeals court to overturn a lower court’s order upholding her school suspension for refusing to wear around her neck an RFID-chip student ID she claims is the “Mark of the Beast.”The Northside Independent School District in San Antonio began issuing the RFID-laden student-body cards when the semester began in the...
“Gangster Squad” takes $650K in midnight showings, battle with “Zero Dark Thirty” awaits
Label: LifestyleNEW YORK (TheWrap.com) – Warner Bros.’ “Gangster Squad” grossed $ 650,000 in midnight showings Thursday night, a strong start to what should be a weekend-long fight for the box-office crown.Ruben Fleischer’s tale of cops and organized crime in mid-20th century Los Angeles will duke it out with Kathryn Bigelow’s “Zero Dark Thirty,” the Oscar contender that expands to almost 3,000 screens this weekend.Box...
No Jail Time for Doctor, 85, Convicted of Drug Charge
Label: HealthThe former doctor sat in courton Friday waiting to be sentenced for a crime that breached every tenet of his professional code. He had run his house in Staten Island like a drug mill, selling the prescription painkiller oxycodone to all comers — including undercover federal agents. The guideline sentence for his crimes was up to six years. But just by the look of the defendant, Felix Lanting,...
DealBook: Wells Fargo's Mortgage Gains May Be Unsustainable
Label: Business8:40 p.m. | Updated Wells Fargo has turned its mortgage business into an enormous profit machine. The San Francisco-based bank posted earnings of $5.1 billion in the fourth quarter, a 24 percent increase from the previous year.But its strong gains may not be sustainable, unless interest rates drop significantly or the housing market recovers substantially. Both are long shots.“Rates really don’t have...
Jan
10
Irvine City Council overhauls oversight, spending on Great Park
Label: World Capping a raucous eight-hour-plus meeting, the Irvine City Council early Wednesday voted to overhaul the oversight and spending...
Top U.S. General Says Stopping a Syrian Chemical Attack Is 'Almost Unachievable'
Label: Technology If Syrian dictator Bashar Assad decides to use his chemical weapons, there won’t be a thing the U.S. military can do to stop him, America’s top military officer conceded on Thursday. Nor will the U.S. step into a “hostile” atmosphere, with or without Assad, to keep those chemicals under control.It’s been a month since U.S. intelligence learned that Assad’s forces were mixing some of their...
ABC Chief Says Network Needs Hits, Will Abandon “All-Star” Format for “Dancing”
Label: LifestyleNEW YORK (TheWrap.com) – ABC entertainment president Paul Lee summed up his fall season by saying his network has “a lot to shout about, and we also have a lot to do.”Lee’s network finished the fall in fourth place in the key 18-49 demographic and third place in total viewers. He lamented the fall’s lack of any “big breakout hits on broadcast on any of the networks and on ABC in particular.”NBC, which...
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