J.J. Abrams to produce Lance Armstrong biopic


LOS ANGELES (AP) — He's already gotten the Oprah treatment. Now Lance Armstrong is headed for the silver screen.


Paramount Pictures and J.J. Abrams' production company, Bad Robot, are planning a biopic about the disgraced cyclist, a studio spokeswoman said Friday.


They've secured the rights to New York Times reporter Juliet Macur's upcoming book "Cycle of Lies: The Fall of Lance Armstrong," due out in June. Macur covered the seven-time Tour de France winner for over a decade.


No director, writer, star or start date have been set.


Armstrong is in the midst of a two-part interview with Oprah Winfrey in which he admits to using performance-enhancing drugs to reach his historic victories, something he'd defiantly denied for years. The International Olympic Committee stripped him of his 2000 bronze medal this week.


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Well: A Great Grain Adventure

This week, the Recipes for Health columnist Martha Rose Shulman asks readers to go beyond wild rice and get adventurous with their grains. She offers new recipes with some unusual grains you may not have ever cooked or eaten. Her recipes this week include:

Millet: Millet can be used in bird seed and animal feed, but the grain is enjoying a renaissance in the United States right now as a great source of gluten-free nutrition. It can be used in savory or sweet foods and, depending on how it’s cooked, can be crunchy or creamy. To avoid mushy millet, Ms. Shulman advises cooking no more than 2/3 cup at a time. Toast the seeds in a little oil first and take care not to stir the millet once you have added the water so you will get a fluffy result.

Triticale: This hearty, toothsome grain is a hybrid made from wheat and rye. It is a good source of phosphorus and a very good source of magnesium. It has a chewy texture and earthy flavor, similar to wheatberries.

Farro: Farro has a nutty flavor and a chewy texture, and holds up well in cooking because it doesn’t get mushy. When using farro in a salad, cook it until you see that the grains have begun to splay so they won’t be too chewy and can absorb the dressing properly.

Buckwheat: Buckwheat isn’t related to wheat and is actually a great gluten-free alternative. Ms. Shulman uses buckwheat soba noodles to add a nutty flavor and wholesomeness to her Skillet Soba Salad.

Here are five new ways to cook with grains.

Skillet Brown Rice, Barley or Triticale Salad With Mushrooms and Endive: Triticale is a hybrid grain made from wheat and rye, but any hearty grain would work in this salad.


Skillet Beet and Farro Salad: This hearty winter salad can be a meal or a side dish, and warming it in the skillet makes it particularly comforting.


Warm Millet, Carrot and Kale Salad With Curry-Scented Dressing: Millet can be tricky to cook, but if you are careful, you will be rewarded with a fluffy and delicious salad.


Skillet Wild Rice, Walnut and Broccoli Salad: Broccoli flowers catch the nutty, lemony dressing in this winter salad.


Skillet Soba, Baked Tofu and Green Bean Salad With Spicy Dressing: The nutty flavor of buckwheat soba noodles makes for a delicious salad.


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Robert L. Citron caused 'great hardship' but also some good









Eighteen years after Orange County crashed into the largest municipal bankruptcy, with a $1.6-billion trading loss, the collapse remains the leading example of foolhardy investments, Wall Street greed and lazy government supervision.


That is an enduring legacy of Robert L. Citron, the soft-spoken but high-rolling former treasurer who died this week at age 87. His legacy, though, also includes the state Legislature's subsequent overhaul of investment rules, which were tightened to prevent budget-strapped local governments from ever becoming so reckless again.


Indeed, it was other pressures — soaring pension obligations, diving revenues, higher unemployment and a glut of foreclosures — that sank San Bernardino, Stockton and other cities into recent bankruptcies.





Jefferson County, Ala., became the largest municipal failure two years ago, with $4.2 billion in losses. But no local government has yet overshadowed the Orange County debacle in sheer shock value.


"Everybody comes back to Orange County because it's one of the wealthiest counties in the country, the surprising amount of debt and the types of investments that Bob Citron made," said Mark Baldassare, a former UC Irvine urban planning expert who wrote a book on the bankruptcy.


Had Citron's speculations in complex securities not imploded, more cities, schools and local agencies would have taken similar risks to plug budget gaps that seemed only to increase over the years, Baldassare and other observers said.


"Did a great big disaster happening early help avoid an outcome of multiple bankruptcies that together would have been bigger? That's not hard to imagine," banker Christopher Varelas, whom the county hired as a financial advisor after the bankruptcy, said Friday.


Without the example of Orange County, there probably would have been a robust market offering complex, higher-yielding securities to California cities and schools, Varelas said.


"It's hard to believe Wall Street could have stayed away from such a large market. And it's hard to believe municipalities could have resisted the temptation to find a quick fix for their budget problem," he said.


Citron offered just such a quick fix to Orange County during the deep recession of the early 1990s when aerospace jobs evaporated and home prices cratered.


Originally elected tax collector, Citron, who had no formal financial training, became treasurer as well when the United States' fifth-most-populous county consolidated operations. He was elected seven times.


In the years before the collapse, he was bringing in an extra $160 million a year by what proved to be sheer wagers on low interest rates, magnified by heavy borrowing that converted $7.8 billion in local government funds into a $20-billion investment portfolio.


After huge losses were disclosed in late 1994, Orange County blamed its former financial and legal partners for the debacle. It ultimately won $900 million in settlements, about half from Merrill, Lynch & Co., which concocted many of the complicated securities that fell apart. One called an inverse Swiss floater incorporated two bets: one that the Swiss franc would decline in value, the other that interest rates would stay low.


The county had to take on $1 billion in new debt largely to repay 200 cities, school districts and public agencies that invested in Citron's county funds.


Orange County refinanced the debt at a lower rate in 2005, keeping its annual payment at about $90 million but allowing a projected payoff in 2015 or 2016 instead of 2027, said John M.W. Moorlach, who replaced Citron as county treasurer and is on the county's Board of Supervisors.


Repayment has forced the county to budget conservatively, ignoring or postponing projects in such areas as flood control and mental health, Moorlach said. When the debt is retired, he hopes the funds can be redirected to paying down Orange County's unfunded pension liabilities, which top $5 billion.


Back when the money from Citron was rolling in, making belt-tightening unimportant, few had raised questions about its source.


"I don't know how in the hell he does it, but he makes us all look good," Thomas F. Riley, a former Board of Supervisors chairman, famously said.


Citron's bets paid off so well in the early 1990s that he and his assistant Matthew Raabe skimmed off $89 million due to cities, schools and agencies to put in the county's coffers for discretionary use.


Both later were convicted of fraud. Citron was sentenced to a year of clerical duty in the jails during the day and spent nights at home; Raabe's conviction was overturned on appeal.


William J. Popejoy, the financial executive brought in as county chief executive after the meltdown, says the lesson for other governments is to speak up when something looks too good to be true.


"A lot of people in the county government and at the cities and especially the special districts knew there was a huge amount of money coming in. But no one asked the question; they didn't want to stop the golden flow of funds coming from Citron," Popejoy said. "And somebody should have."


Actually, someone had — Moorlach.


Although had lost his bid in 1994 to unseat Citron as treasurer, Moorlach had predicted a financial disaster a year earlier and tried to make it a campaign issue. Citron dismissed the talk as political posturing and was reelected.


Popejoy and other officials proposed raising taxes to help right the county's finances, but voters refused. The county froze hiring, laid off thousands of workers and cut spending on social programs.


"It caused great hardship, and that is part of the legacy Bob Citron left as well," Popejoy said. "To my knowledge, however, he never did so for personal gain."


Citron's defense attorney David W. Wiechert said Citron, however misguided, "was an incredibly loyal and caring individual" who believed himself to be acting in the county's best interests.


Forgiveness is in order, Wiechert said, "especially now, when we have seen that even the brightest minds on Wall Street could bring the world's economy to an apocalyptic precipice."


scott.reckard@latimes.com





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White House launches campaign for support of gun control measures









WASHINGTON — A day after President Obama announced a wide-ranging series of gun-control initiatives, the administration kicked off its campaign to create public support and pressure lawmakers to pass the most comprehensive legislation since the mid-1990s.


"We're going to take this fight to the halls of Congress. We're going to take it beyond that," Vice President Joe Biden told the U.S. Conference of Mayors on Thursday. "We're going to take it to the American people. We're going to go around the country making our case, and we're going to let the voice of the American people be heard."


The administration will use Obama's fearsome campaign infrastructure to try to galvanize supporters around an issue that faces a protracted fight on Capitol Hill. To do so, the administration will pit its own grass-roots network against gun-rights groups, such as the National Rifle Assn.





"If you think we've suffered too much pain to allow this to continue, put down the paper, turn off the computer, and get your members of Congress on record," Obama wrote in an opinion piece in the Connecticut Post. "Ask them why getting an A-grade from the gun lobby is more important than giving parents some peace of mind when they drop their child off for first grade."


The newspaper is based in Bridgeport, near Newtown, the site of last month's school shooting that left 20 children and six staff members dead and set off calls for new gun laws.


The mobilization efforts by the president's campaign committee began in earnest Thursday, with campaign manager Jim Messina emailing supporters an online petition and urging them to "stand with the president."


Biden, in his speech to the mayors, acknowledged that there may not be "absolute unanimity" on how to mitigate gun violence, but emphasized consensus.


"Everyone acknowledges we have to do something.... I hope we all agree that mass shootings like the ones that we witnessed in Newtown 34 days ago cannot continue to be tolerated," he said.


Biden outlined many of the initiatives announced by Obama on Wednesday, including administrative actions to improve federal research on gun-related violence and to direct the attorney general to reevaluate the categories of people who should be prohibited from owning a gun. And he made a forceful pitch for the policies that must pass Congress, including a universal background-check system for every gun sale and a ban on high-capacity magazines.


"High-capacity magazines don't have a practical sporting purpose or hunting purpose. As one hunter told me, if you got 12 rounds, it means you've already missed the deer 11 times," Biden said. "You should pack the sucker in at that point."


But Biden spent much less time speaking about an assault weapons ban, which will face stiff opposition in Congress. He also contended that the gun industry would exploit any loopholes in a new law to continue to manufacture the weapons.


"I know as well as anyone, having written the first assault weapons ban, that the industry will do whatever it can to get around it, and they'll figure out a way," the vice president said. "But I also know we have to try."


Chris Koos, the mayor of Normal, Ill., said a "surprising" number of his constituents have voiced support for an assault weapons ban. "I thought there'd be some push-back," Koos said, in his city of 52,000 people in a rural region. But he said Vietnam veterans have been particularly outspoken in their support for a ban, having used similar firearms in combat.


"They know what they are for," Koos said.


But Betsy Price, mayor of Fort Worth, Texas, said most residents of her city were opposed to bans on assault weapons or high-capacity magazines.


"Good, outstanding citizens really want to keep their guns," she said.


But Price praised the president's efforts to improve mental health treatment and record-keeping, especially the executive action informing healthcare providers that they are not prevented from sharing relevant information about people who are prohibited from owning guns for mental health reasons.


Biden took pains to assert that the White House respected the 2nd Amendment.


Omaha Mayor Jim Suttle said that message may resonate in his state. "Nebraska is certainly a very, very conservative state. A red state, solid. But when you start polling people, particularly my constituents, you start seeing there is a public concern about the gun violence," he said.


"That's what the vice president is trying to do," Suttle said. "He's saying, 'Hey, the 2nd Amendment is your right. It's our right. Let's move on to the other aspects.'"


Dick Moore, the mayor of Elkhart, Ind., said Biden's choice for his first day on the stump was a savvy one. "He just sent a whole bunch of emissaries back home with what he said," Moore said. "Whether you're for or you're against, you get the word around the country pretty fast this way."


melanie.mason@latimes.com





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Ex-Red Sox pitcher Schilling puts bloody sock up for auction after video game company collapse






PROVIDENCE, R.I. – Former Boston Red Sox pitcher Curt Schilling — whose video game company underwent a spectacular collapse into bankruptcy last year — is selling the blood-stained sock he wore during the 2004 World Series.


Chris Ivy, director of sports for Texas-based Heritage Auctions, says online bidding begins around Feb. 4. Live bidding will take place Feb. 23.






The sock previously had been on loan to the National Baseball Hall of Fame and Museum. It has been at Heritage’s Dallas headquarters for several weeks and will be displayed at the auction house’s Manhattan office before it is sold, according to Ivy.


He said the sock is expected to fetch at least $ 100,000, though he described that as a conservative estimate.


“I do expect the bidding to be very spirited,” Ivy said.


Schilling’s company, 38 Studios, was lured to Providence, R.I., from Massachusetts with a $ 75 million loan guarantee in 2010. In May, it laid off all its employees and it filed for bankruptcy in June. The state is now likely responsible for some $ 100 million related to the deal, including interest.


Schilling also had personally guaranteed loans to the company and listed the sock as bank collateral in a September filing with the Massachusetts secretary of state’s office.


Messages left for his publicist were not immediately returned.


The bloody sock is one of two that sent Schilling into the annals of baseball lore in 2004.


The other was from Game 6 of the American League Championship Series, when Schilling pitched against the New York Yankees with an injured ankle. That sock is said to have been discarded in the trash at Yankees Stadium.


The one being sold is from the second game of the World Series, which the Red Sox won that year for the first time in 86 years.


Schilling has said he invested as much as $ 50 million in 38 Studios and has lost all his baseball earnings. He told WEEI-AM in Boston last year that possibly having to sell the sock was part of “having to pay for your mistakes.”


“I’m obligated to try and make amends and, unfortunately, this is one of the byproducts of that,” he told the station.


Brad Horn, a spokesman for the hall of fame in Cooperstown, N.Y., said the loaned sock was returned in December under the terms of the hall’s agreement with Schilling. The hall had had it since 2004.


The Feb. 23 live bidding will be held at the Fletcher-Sinclair mansion in New York City, now home to the Ukrainian Institute of America. The auction will feature other “five- and six-figure items,” including a jersey and cap worn by New York Yankees great Lou Gehrig, Ivy said.


Heritage last May auctioned off the so-called “Bill Buckner ball,” which rolled through the legs of the Red Sox first baseman in the 1986 World Series. Ivy said that item, like Schilling’s sock, was listed at the time as being expected to bring in “$ 100,000-plus,” but it was sold to an anonymous bidder for $ 418,000.


Gaming News Headlines – Yahoo! News




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Robert Wagner not interviewed in new Wood inquiry


LOS ANGELES (AP) — Robert Wagner has declined to be interviewed by detectives in a renewed inquiry into the drowning death of his wife Natalie Wood three decades ago, an investigator said Thursday.


Wagner was interviewed by authorities soon after Wood's drowning in 1981, but the actor is the only person who was on the yacht the night Wood died who has not spoken to detectives as part of the latest inquiry, despite repeated requests and attempts, sheriff's Lt. John Corina said.


Blair Berk, an attorney for Wagner and his family, said the actor had cooperated with authorities since his wife died.


Detectives began re-investigating the case in November 2011. Since then investigators have interviewed more than 100 people, but Wagner has refused and Corina said the actor's representatives have not given any reason for his silence.


The detective's remarks provided new insight into the case that has remained one of Hollywood's enduring mysteries. Earlier this week, coroner's officials released an updated autopsy report that had been under a security hold. It detailed why Wood's death had been reclassified from an accidental drowning to a drowning caused by "undetermined factors."


"Mr. Wagner has fully cooperated over the last 30 years in the investigation of the accidental drowning of his wife in 1981," Berk said in a prepared statement. "Mr. Wagner has been interviewed on multiple occasions by the Los Angeles sheriff's department and answered every single question asked of him by detectives during those interviews."


After 30 years, Berk said, neither Wagner nor his daughters have any new information to add. She said the latest investigation was prompted by people seeking to exploit and sensationalize the 30th anniversary of the death.


The renewed inquiry came after the yacht's captain Dennis Davern told "48 Hours" and the "Today" show that he heard Wagner and Wood arguing the night of her disappearance and believed Wagner was to blame for her death.


Authorities have not identified any suspects in the case.


Wood, 43, was on a yacht with Wagner, Christopher Walken and the boat captain on Thanksgiving weekend of 1981 before she somehow ended up in the water.


Corina said Walken gave a prepared statement and spoke to detectives for an hour.


Detectives have also interviewed other actors who knew both Wagner and Wood to learn more about their relationship.


Corina said detectives have tried at least 10 times to interview Wagner but have been refused. He said some of the refusals have come from the actor's attorney, and that detectives at one point traveled to Colorado to try to speak with Wagner but were unsuccessful.


Corina said the latest inquiry had turned up new evidence.


"Most of the people we've talked to were never talked to 30 years ago," he said. "We've got a lot of new information."


Asked if the information might lead to criminal charges, Corina said that would be up to prosecutors if they are presented a case.


"All we can do is collect the facts," he said. "We're still trying to collect all the facts."


Corina said new people have emerged with information each time the case is in the news. Detectives would like to interview other people who haven't agreed to talk, he said.


Coroner's officials released an update autopsy report on Monday that detailed the reasons Wood's death certificate was changed last year from a drowning death to "drowning and other undetermined factors."


The updated report states the change was made in part because investigators couldn't rule out that some of the bruises and marks on Wood's body happened before she went into the water.


"Since there are unanswered questions and limited additional evidence available for evaluation, it is opined by this medical examiner that the manner of death should be left as undetermined," Chief Medical Examiner Dr. Lakshmanan Sathyavagiswaran wrote in the report completed in June.


Officials also considered that Wood wasn't wearing a life jacket, had no history of suicide attempts and didn't leave a note as reasons to amend the death certificate.


Wood was famous for roles in films such as "West Side Story" and "Rebel Without a Cause" and was nominated for three Academy Awards.


Conflicting versions of what happened on the yacht have contributed to the mystery of her death. Wood, Wagner and Walken had all been drinking heavily in the hours before the actress disappeared.


Wagner wrote in a 2008 memoir that he and Walken argued that night. He wrote that Walken went to bed and he stayed up for a while, but when he went to bed, he noticed that his wife and a dinghy that had been attached to the yacht were missing.


"Nobody knows," he wrote. "There are only two possibilities; either she was trying to get away from the argument, or she was trying to tie the dinghy. But the bottom line is that nobody knows exactly what happened."


___


Anthony McCartney can be reached at http://twitter.com/mccartneyAP


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Personal Health: That Loving Feeling Takes a Lot of Work

When people fall in love and decide to marry, the expectation is nearly always that love and marriage and the happiness they bring will last; as the vows say, till death do us part. Only the most cynical among us would think, walking down the aisle, that if things don’t work out, “We can always split.”

But the divorce rate in the United States is half the marriage rate, and that does not bode well for this cherished institution.

While some divorces are clearly justified by physical or emotional abuse, intolerable infidelity, addictive behavior or irreconcilable incompatibility, experts say many severed marriages seem to have just withered and died from a lack of effort to keep the embers of love alive.


Jane Brody speaks about love and marriage.



I say “embers” because the flame of love — the feelings that prompt people to forget all their troubles and fly down the street with wings on their feet — does not last very long, and cannot if lovers are ever to get anything done. The passion ignited by a new love inevitably cools and must mature into the caring, compassion and companionship that can sustain a long-lasting relationship.

Studies by Richard E. Lucas and colleagues at Michigan State University have shown that the happiness boost that occurs with marriage lasts only about two years, after which people revert to their former levels of happiness — or unhappiness.

Infatuation and passion have even shorter life spans, and must evolve into “companionate love, composed more of deep affection, connection and liking,” according to Sonja Lyubomirsky, a professor of psychology at the University of California, Riverside.

In her new book, “The Myths of Happiness,” Dr. Lyubomirsky describes a slew of research-tested actions and words that can do wonders to keep love alive.

She points out that the natural human tendency to become “habituated” to positive circumstances — to get so used to things that make us feel good that they no longer do — can be the death knell of marital happiness. Psychologists call it “hedonic adaptation”: things that thrill us tend to be short-lived.

So Dr. Lyubomirsky’s first suggestion is to adopt measures to avert, or at least slow down, the habituation that can lead to boredom and marital dissatisfaction. While her methods may seem obvious, many married couples forget to put them into practice.

Building Companionship

Steps to slow, prevent or counteract hedonic adaptation and rescue a so-so marriage should be taken long before the union is in trouble, Dr. Lyubomirsky urges. Her recommended strategies include making time to be together and talk, truly listening to each other, and expressing admiration and affection.

Dr. Lyubomirsky emphasizes “the importance of appreciation”: count your blessings and resist taking a spouse for granted. Routinely remind yourself and your partner of what you appreciate about the person and the marriage.

Also important is variety, which is innately stimulating and rewarding and “critical if we want to stave off adaptation,” the psychologist writes. Mix things up, be spontaneous, change how you do things with your partner to keep your relationship “fresh, meaningful and positive.”

Novelty is a powerful aphrodisiac that can also enhance the pleasures of marital sex. But Dr. Lyubomirsky admits that “science has uncovered precious little about how to sustain passionate love.” She likens its decline to growing up or growing old, “simply part of being human.”

Variety goes hand in hand with another tip: surprise. With time, partners tend to get to know each other all too well, and they can fall into routines that become stultifying. Shake it up. Try new activities, new places, new friends. Learn new skills together.

Although I’ve been a “water bug” my whole life, my husband could swim only as far as he could hold his breath. We were able to enjoy the water together when we both learned to kayak.

“A pat on the back, a squeeze of the hand, a hug, an arm around the shoulder — the science of touch suggests that it can save a so-so marriage,” Dr. Lyubomirsky writes. “Introducing more (nonsexual) touching and affection on a daily basis will go a long way in rekindling the warmth and tenderness.”

She suggests “increasing the amount of physical contact in your relationship by a set amount each week” within the comfort level of the spouses’ personalities, backgrounds and openness to nonsexual touch.

Positive Energy

A long-married friend recently told me that her husband said he missed being touched and hugged. And she wondered what the two of them would talk about when they became empty-nesters. Now is the time, dear friend, to work on a more mutually rewarding relationship if you want your marriage to last.

Support your partner’s values, goals and dreams, and greet his or her good news with interest and delight. My husband’s passion lay in writing for the musical theater. When his day job moved to a different city, I suggested that rather than looking for a new one, he pursue his dream. It never became monetarily rewarding, but his vocation fulfilled him and thrilled me. He left a legacy of marvelous lyrics for more than a dozen shows.

Even a marriage that has been marred by negative, angry or hurtful remarks can often be rescued by filling the home with words and actions that elicit positive emotions, psychology research has shown.

According to studies by Barbara L. Fredrickson, a social psychologist and professor at the University of North Carolina at Chapel Hill, a flourishing relationship needs three times as many positive emotions as negative ones. In her forthcoming book, “Love 2.0,” Dr. Fredrickson says that cultivating positive energy everyday “motivates us to reach out for a hug more often or share and inspiring or silly idea or image.”

Dr. Lyubomirsky reports that happily married couples average five positive verbal and emotional expressions toward one another for every negative expression, but “very unhappy couples display ratios of less than one to one.”

To help get your relationship on a happier track, the psychologist suggests keeping a diary of positive and negative events that occur between you and your partner, and striving to increase the ratio of positive to negative.

She suggests asking yourself each morning, “What can I do for five minutes today to make my partner’s life better?” The simplest acts, like sharing an amusing event, smiling, or being playful, can enhance marital happiness.


This post has been revised to reflect the following correction:

Correction: January 18, 2013

The Personal Health column on Tuesday, about making marriages last, misspelled the given name of a professor of psychology at the University of California, Riverside, who studies happiness. She is Sonja Lyubomirsky, not Sonya.

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Herbalife says fourth-quarter profit will exceed expectations









Herbalife Ltd. forecast that fourth-quarter earnings will come in higher than expected but said expenses could rise as the nutritional supplement distributor ramps up its fight with activist hedge-fund manager William Ackman.


The Los Angeles company said Thursday it also plans to buy back shares, a sign that management believes the stock is undervalued. It's a much-needed boost for a company that's been mired in a battle with an investor who says the company is on its way downhill.


"Herbalife is a financially strong and successful company, having created significant opportunities for distributors and positively impact the lives and health of our consumers over our history," company Chief Executive Michael Johnson said in a statement.








Herbalife said it expected fourth-quarter earnings of $1.02 to $1.05 a share, higher than Wall Street's expectation of $1.01 a share. Sales for the fourth quarter are expected to rise 19.9%, the company said, and its taxes will be lower than projected. The company plans to begin repurchasing shares Tuesday.


The company also said it expected expenses to be temporarily higher "because of recent events."


Herbalife has been battling allegations by Ackman, who said in a December presentation that the company is a glorified pyramid scheme. He's sold short about 20 million shares of the stock, expecting the company to tank. Herbalife is also reportedly being investigated by the Securities and Exchange Commission.


A week ago in Manhattan, Johnson and other Herbalife executives rebutted Ackman's points one by one, proving, they said, that Herbalife has a stable business model and is not scamming anyone. Shares of the company, which had been slumping, began rising again after Johnson's presentation.


Ackman foe Carl Icahn stepped into the controversy this week, taking a stake in Herbalife, according to reports. Icahn could not be reached for comment.


Investors showed mixed reaction to Herbalife's preliminary earnings Thursday. The stock initially shot up in morning trading but leveled off in the afternoon and closed down $1.54, or 3.4%, at $43.52.


Herbalife will release its final fourth quarter results Feb. 19.


Analysts such as Timothy Ramey, of D.A. Davidson & Co., say they're optimistic about the company's future. Ramey also adjusted his expectations of the company's earnings.


In 2013, earnings will be $4.85 a share, up from his previous estimate of $4.55, he said in a note. He also adjusted his forecast for 2012 earnings to $4.05 a share from $4.03.


Ramey said he expects Herbalife stock to thrive once it emerges from the current controversy, which he expects will happen in 2013. In five years, the stock could hit $180, he said.


"There has never been a period of greater scrutiny for Herbalife," he wrote.


alana.semuels@latimes.com





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State agency says U.S. removed wildlife habitat without permit









A state regulatory agency Wednesday said the U.S. Army Corps of Engineers failed to obtain a required permit before it removed 43 acres of wildlife habitat in the Sepulveda Basin and filled in a pond used by migrating waterfowl.


The Los Angeles Regional Water Quality Control Board has directed the Army Corps to provide information by Feb. 11 about its decision to eliminate woodlands and potentially foul the Los Angeles River with sediment. Sepulveda Basin is an engineered flood control zone for the river.


"The corps did not notify us before it proceeded to destroy wetlands, and that is a great concern to us," said Maria Mehranian, chairwoman of the water quality control board. "The federal Clean Water Act requires anyone working in wetlands to obtain a permit from us. They failed to do so."





The board will determine later whether enforcement actions are needed to prevent such unauthorized activities in the future, the agency said in a letter to the corps.


Col. Mark Toy, head of the corps' Los Angeles District, was unavailable for comment. But corps spokesman Jay Field said, "We are working with the Regional Water Quality Control Board to provide information we believe will address any concerns."


Separately, U.S. Fish and Wildlife Service authorities are looking into possible violations of endangered species protections in the Sepulveda Basin.


On Dec. 10, corps crews cut down the swath of basin greenery just west of Interstate 405 and south of Burbank Boulevard, destroying what had been a lush urban refuge for kingsnakes, bobcats and white pelicans.


The area existed for three decades as a designated wildlife preserve. In 2010 it was reclassified as a corps "vegetation management area" and given a new five-year mission of replacing trees and shrubs with native grasses as part of an effort to improve access for corps staffers, increase public safety and discourage crime.


The management plan has been temporarily halted, pending the outcome of ongoing discussions with the San Fernando Valley Audubon Society and the Sepulveda Basin Wildlife Areas Steering Committee.


Toy has spent much of the last two weeks meeting privately with critics of the project including the Audubon Society, Sierra Club and state Sens. Kevin De Leon (D-Los Angeles) and Fran Pavley (D-Agoura Hills).


On Tuesday, San Fernando Valley Audubon Society President Dave Weeshoff and Conservation Chairman Kris Ohlenkamp asked corps officials in the Pentagon to revoke the 2010 plan and replace it with a new project designed to "return the area to a diverse native habitat that supports wildlife and fulfills the public's need for a natural outdoor experience in the middle of the city."


louis.sahagun@latimes.com





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Commentary: Background Checks? Yes, but Leave Video Games Alone






COMMENTARY | I have mixed feelings toward the White House‘s gun violence response. I agree that background checks should be required before people are allowed to buy a firearm and that an assault weapon ban should be reinstated into law. While limiting the number of bullets in a weapon’s magazine will decrease the number of deaths in a mass shooting, the public does not need high-capacity magazines. Therefore any weapon using high-capacity magazines should be banned from public use, not just capping the magazines to 10 bullets.


But violent video games and other media images and scenes real-life violence? These media do not kill people. The shooters kill the people. Those who are mentally unstable may not understand that violent video games are not real life and should not be duplicated in real life. As long as gamers understand the difference between video games and real life, that shouldn’t be touched.






– Edmond, Okla.


Gaming News Headlines – Yahoo! News





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