Photo by Mark Luethi via Flickr Creative Commons
Online travel website Orbitz is predicting that LAX will be the nation's busiest airport during the Thanksgiving Holiday period from Nov. 22 to Dec. 2 in 2013.
LAX officials expect more than 2 million people will travel through the airport from Nov. 22 to Dec. 2, up nearly 7 percent from last year.
That volume of passengers will make LAX the nation's busiest airport during the Thanksgiving holiday, according to online travel website Orbitz.
The airport said there has been an increase in international flights to Asia and Europe, which may have caused the increase in passengers. LAX also pointed to travel experts that said some of the airlines are using larger planes to fit in more travelers.
Airport officials urged passengers with flights during the peak travel times of 6-9 a.m., 11 a.m. to 2 p.m. and 7-11 p.m. to arrive at their airline's ticketing areas two hours earlier for domestic flights and three hours earlier for international flights.
The doors finally swing open to the public Friday at the Los Angeles Auto Show. Founded back in 1907, the annual event now showcases high tech vehicles that have become rolling communication and entertainment centers. The latest models also show off features designed to ensure safer driving.
The Auto Show attracts entrepreneurs like Matt Ginsberg, CEO of a Eugene, Oregon-based company called GreenDriver. He has developed a smartphone app that runs in eight western U.S. cities, drawing on real-time data from traffic lights .
"When you pull up to a red light and stop, it tells you orally how long the light's going to be red," Ginsberg said. "Five seconds before the light changes, it sounds a bell, tells you to refocus on driving."
That’s just the app. The technology he wants to market to automakers goes even further. If a driver is running a red light inadvertently, the technology could honk the car's horn or apply the brakes. Ginsberg says his device will help cut down on the number of red light intersection accidents.
Larry Busacca/Getty Images for The New York Times
Journalist Andrew Ross Sorkin (L) and billionaire investor Daniel Loeb participate in a discussion at the New York Times. Loeb has pushed for Sony to spin off its entertainment division.
Vanity Fair recently called him “Wall Street’s biggest bully.”
To George Clooney, he is a Hollywood “carpetbagger.”
Who attracts this kind of bicoastal hostility? That would be billionaire activist investor Daniel Loeb.
He didn’t attend Sony’s first-ever “Entertainment Investor Day", but his months-long campaign to break up the company was very much at issue during the Culver City event.
“It was the impetus to show our wares, and it’s been a pleasure, frankly," said Michael Lynton, the CEO of Sony Entertainment.
Loeb's proposal to break off the entertainment unit
In August, Sony’s board rejected Loeb’s proposal to spin off the entertainment unit from the rest of the company.
But they did vow greater transparency, which is what Thursday's investor day was all about.
The Orange County Register's parent company, Freedom Communications Holdings has finally closed a deal to purchase The Press-Enterprise in Riverside. Pictured here: OC Register Publisher, Aaron Kushner (left) and company President, Eric Spitz.
A deal that appeared in jeopardy of falling through has finally been completed.
Freedom Communications Holdings, the parent company of The Orange County Register, has completed its $27.25 million purchase of The Press-Enterprise in Riverside from the A.H. Belo Corporation, six days after the deadline for the transaction passed.
The deadline for Freedom to buy the paper was originally mid-October, but that was pushed back to Nov. 15. There were also changes to the original agreement, which included Freedom paying a non-refundable $1 million deposit, which would go toward the final purchase price.
It's not clear what caused the multiple delays, but executives of both companies expressed happiness that the sale is done.
“We are pleased the transaction has closed, and wish our colleagues in Riverside all the best as they go forward as part of Freedom Communications,” said Jim Moroney, Chairman, President and Chief Executive Officer of A. H. Belo, in a prepared statement.
Sony Pictures/Getty Images
"White House Down", starring Jamie Foxx and Channing Tatum was a box office disappointment for Sony Pictures.
UPDATE 11:30 a.m: In a move to streamline its operations, Sony Corp. announced plans Thursday to make $250 million in cuts at its Culver City-based entertainment division over the next few years, a move that could include layoffs and a reduction in the number of movies it produces.
Amy Pascal, Co-Chairman of Sony Pictures Entertainment, said the studio plans to release around 18 movies a year, down from around 20 the past few years. She added that Sony will release four movies next summer, compared to the nine it came out with last summer.
David C. Hendler, Senior Executive Vice President and Chief Financial Officer of Sony Pictures Entertainment, said to expect layoffs, though he offered no specifics.
"We will take a hard look at headcount," Hendler said during an investor conference held Thursday at the Culver City headquarters.