“[This scholarship] will make it easier for a few students to afford to come to USC and study real estate,” Green said. “If we could get even one or two students that we otherwise couldn’t get because of cost, that’s a win.” According to Knott, Haddad hopes the discussions will help start a larger conversation regarding climate change, sustainability and the environment between USC and surrounding communities to create change. Andy Kim, a sophomore studying real estate, expressed the importance of sustainability in real estate for himself and for Price. Green said the donation will fund student scholarships and a series of talks on sustainable communities. “One of the public areas of public policy I feel that should be publicized more is actually sustainability,” Kim said. “I’m very happy to hear that [Haddad] is able to give such a generous donation for Price to really talk about sustainability more.” Price Dean Jack Knott and Lusk Center Director Richard Green said the donation will help support faculty hires in the real estate program, which has grown in recent years. Price hopes to hire another senior faculty member in the program and will use the funds to help pay for this person’s research and other expenses. “We now have a large undergraduate major in real estate and a master’s degree in real estate, so we’re hiring additional real estate faculty,” Knott said. “Students are going to be involved in this,” Knott said. “We’re going to hold a series of events that [Haddad] likes to call dialogues, with key stakeholders to change behavior and change policy.” FivePoint donated $1 million to the Price School of Public Policy last week. Emile Haddad, the chairman and CEO of FivePoint, made the donation to encourage more conversation regarding sustainability. A portion of the gift will fund “disruptive dialogues,” which Knott said will focus on innovation within sustainable development. The Price School of Public Policy received a $1 million donation from real estate company FivePoint last week to encourage sustainability discussions. (Daily Trojan file photo) “[Haddad] wants to initiate a set of dialogues between the University and the development community and the government on what these communities would look like, what kind of regulations and zoning we would need to make this happen [and] what kind of mindset and goals private developers should have in order to achieve these kinds of sustainable communities,” Knott said.
SAN JOSE – Apple Inc.’s fiscal fourth-quarter profits jumped 67percent and easily beat Wall Street expectations, capping a record-breaking year that saw unprecedented momentum in its Mac business, ceaseless consumer interest in its iPod players and a successful introduction of its newest endeavor, the iPhone. For the three months that ended Sept. 30, Apple said Monday, it earned $904million, or $1.01 per share, compared with $542million, or 62cents per share, in the year-ago quarter. Revenue totaled $6.22billion, compared with $4.84billion in the same quarter last year. Analysts polled by Thomson Financial were expecting earnings of 86cents per share on sales of $6.07billion. Apple’s fortunes have skyrocketed in recent years as its iPods became a cultural phenomenon. The portable players, which work on Macs as well as Microsoft Corp. Windows-based machines, have also drawn more people to Apple’s software and design, leading to what analysts call a “halo effect” on Mac sales. After hovering for years with a 2percent to 3percent share of the PC market in the United States, Apple’s slice has now grown to 8percent, according to the latest figures from market researcher Gartner Inc. Now, many investors are betting Apple’s foray in the cell-phone market will be another lucrative engine. The iPhone, a combination cell phone, iPod and multimedia Web device, “is a game-changing product,” said Stephen Coleman, chief investment officer at Daedalus Capital LLC. Based on income from the iPhone alone, “I expect Apple’s earnings to continually grow materially at 50percent a year, for the next three years,” Coleman said. For the current quarter, Apple said, it expects earnings of about $1.42 per share on revenue of about $9.2billion. Analysts on average had been expecting earnings of $1.39 per share on sales of $8.58billion. “We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever,” said Steve Jobs, Apple’s CEO.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Apple’s stock price, which has more than doubled since January, rose $3.94, or 2.3percent, to close at $174.36. After the earnings report, shares climbed $9.50, more than 5percent, in extended trading. Apple said it shipped a record 2.16million Macs in the quarter, an increase of 34percent, while it sold 10.2million iPods, up 17percent. In the first full quarter of iPhone sales – a number many on Wall Street were waiting for – Apple said it sold 1.12million units, bringing the cumulative total to 1.39million since the product debuted June 29. For the full fiscal year, Apple earned a record $3.5billion, up more than 75percent from last year when it earned $1.99billion. Yearly sales reached more than $24billion, a 24percent jump from fiscal 2006. “We had a fantastic quarter and year,” said Peter Oppenheimer, Apple’s chief financial officer.