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Matson Announces Early Results of Tender Offer and Consent Solicitation for Horizon's Convertible Notes

HONOLULU, May 26, 2015/ PRNewswire/-- Matson, Inc. announced today the early tender results of its previously announced cash tender offer and consent solicitation by its wholly-owned subsidiary Matson Navigation Company, Inc. for any and all of the approximately $2 million outstanding principal amount of 6.00% Series A Convertible Senior Secured Notes due...
Source: PR Newswire
Snapchat CEO sees a bubble, blames interest rates

Snapchat's young CEO Evan Spiegel said that years of near-zero interest rates have led people to make "riskier investments" than they otherwise would.
Source: CNBC.com | By: Matt Hunter
San Diego newspaper lays off 1/3rd of workforce after sale

SAN DIEGO- San Diego's dominant newspaper on Tuesday announced the layoffs of nearly a third of its 600 employees after it was acquired last week for $85 million by Los Angeles Times owner Tribune Publishing. "When the two companies announced that they were coming together, we said at the time there were going to be some synergies, and unfortunately for a lot of...
Source: The Associated Press
Korn Ferry Executive Survey Reveals Vacation Trepidation

LOS ANGELES---- According to the latest Korn Ferry Executive Survey, many executives say they are just too busy to take a vacation. "Today' s executives are under constant pressure to drive growth, hit deadlines, and deliver on the expectations of various stakeholders," said Kevin Cashman, Senior Partner at Korn Ferry." The irony is that individuals who take time off are...
Source: Business Wire
UPDATE 1-California oil spill takes toll on marine mammals, birds

LOS ANGELES, May 26- More than two dozen marine mammals and nearly 40 birds, most of them pelicans, have been collected dead and alive from along California's oil-fouled coastline near Santa Barbara in the week since a petroleum pipeline ruptured there, wildlife officials said on Tuesday. Michael Ziccardi, a veterinarian from the University of California, Davis,...
Source: Reuters | By: Steve Gorman
Metropolitan Board Approves Nation's Largest Conservation Program to Meet Unprecedented Consumer Demand in Drought's Fourth Year

LOS ANGELES---- Facing an unprecedented drought, the board of directors of the Metropolitan Water District of Southern California today approved the nation' s largest turf removal and water conservation program that over the next decade is expected to generate enough water savings to nearly fill the region' s largest reservoir- Diamond Valley Lake.
Source: Business Wire
Air Force's Space and Missiles System Center Certifies SpaceX for National Security Space Missions

The first upcoming opportunity for SpaceX to compete to provide launch services is projected to be in June when the Air Force releases a Request for Proposal for GPS III launch services. "This is a very important milestone for the Air Force and the Department of Defense," said Secretary of the Air Force Deborah Lee James. The Air Force invested more than $60 million...
Source: PR Newswire
FBI, police find no threat on EVA Air plane at LA airport

The plane was inspected and its passengers' luggage was screened as EVA Air Flight 12 sat on the tarmac at the airport, but there was no evidence of a threat, FBI spokeswoman Laura Eimiller said. The FBI, airport police and the Los Angeles police bomb squad jointly investigated the threat, which came by telephone. In one case, U.S. military jets escorted an Air France...
Source: The Associated Press
Huffington Post writer Steve Jaffe on "Third Rail of Journalism"

LOS ANGELES, May 26, 2015/ PRNewswire/-- Stephen Jaffe, a blogger/writer for the Huffington Post, and media expert in the field of crisis management, who served as a consultant to President Clinton' s task force during the Starr investigation, addressed the highly controversial question whether or not Google is responsible for defamatory articles listed in its...
Source: PR Newswire
UPDATE 2-Obama administration asks U.S. top court to decline Google copyright appeal

WASHINGTON/ SAN FRANCISCO, May 26- The Obama administration on Tuesday sided against Google Inc and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp with wide implications for the technology industry, according to a court filing. Oracle won a federal appeals court ruling last year that allows it to copyright parts of...
Source: Reuters | By: Lawrence Hurley and Dan Levine