'Green Hornet' overtakes 'True Grit' at box office
LOS ANGELES (AP) -- "The Green Hornet" is buzzing away with the top spot at the weekend box office.
The tongue-in-cheek superhero film starring Seth Rogen as a playboy-turned-crimefighter earned $34 million during its opening weekend, according to studio estimates released Sunday. Sony Screen Gems' "Green Hornet," which was directed by indie auteur Michel Gondry, shot down Paramount's "True Grit," the Western that reigned supreme the previous weekend.
The weekend's other major new release, Universal's "The Dilemma," opened in the No. 2 spot. The comedy starring Vince Vaughn and Kevin James as partners at an automobile design firm earned $17.4 million.
Hollywood's overall revenues this weekend continued the slump that has persisted through the fall and holiday season. Ticket sales this weekend totaled $115.2 million, down 25 percent compared with the same period last year. Attendance was also down by 27 percent.
Potential Oscar contenders "True Grit," "The King's Speech" and "Black Swan," respectively, followed behind "Green Hornet" and "The Dilemma."
"I think the lack of an 'Avatar' this season has given an opportunity to films like 'True Grit,' 'King's Speech' and 'Black Swan' to draw audiences to the theater who are looking for something that's getting great reviews and who are maybe wanting to watch the Oscars or the Golden Globes with an informed mind," said Hollywood.com analyst Paul Dergarabedian.
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com.
1. "The Green Hornet," $34 million.
2. "The Dilemma," $17.4 million.
3. "True Grit," $11.2 million.
4. "The King's Speech," $9 million.
5. "Black Swan," $8.1 million.
6. "Little Fockers," $7.1 million.
7. "Tron: Legacy," $5.6 million.
8. "Yogi Bear," $5.3 million.
9. "The Fighter," $5.1 million.
10. "Season of the Witch," $4.5 million.
Crosby's estate for sale
Late singer/actor Bing Crosby's one-time California estate is up for sale, priced at $3.5 million.
The Los Angeles Times said the Rancho Mirage, Calif., home features a five-bedroom main house, an outdoor pool/spa, outdoor fireplaces and a putting green spread across an acre.
Currently used as a resort rental, the home features lots of Hollywood posters, photos and other memorabilia, the paper said.
Crosby, who died in 1977 at age 74, had dozens of hit songs and movies during a career that spanned more than three decades. But he's perhaps best known for starring in (and singing the theme song to) the 1954 film "White Christmas."
Supermarket stocks fall
NEW YORK (AP) -- Orange juice isn't the only thing at your supermarket that's been squeezed.
Rising food prices mean grocery store chains must absorb extra costs on items like meat, seafood and produce, or they try to pass them along to customers. But many of those consumers are unemployed or have less money to spend, even on essentials. For now, the big chains are mostly choosing to absorb. As a result, profits are falling, and so are their stocks, making them one of the few dim lights in the market in 2011.
Last week, Supervalu was the first of the grocers to report quarterly results, and the numbers for its fiscal third quarter were ominous: A loss of $202 million, or 95 cents a share, compared with a profit of $109 million, or 51 cents, in the same period a year earlier.
Camden cutting 383 jobs
CAMDEN, N.J. (AP) -- Yet another crisis is upon this burdened city, among the most impoverished and crime-ridden in the country.
Deep layoffs of city workers go into effect Tuesday -- cutting up to 383 jobs, or one-fourth of the city's employees.
The exact number depends on whether public workers' unions make last-minute concessions. In any case, the cuts are likely to be deep -- and could be a blow to the quality of life in the city.
The layoffs could slash half the police force and one-third of the Fire Department for this city just across the Delaware River from Philadelphia.