Currently Being ModeratedMay 13, 2013 9:21 PM (in response to Chris LaValle)
Calendar: Add events to a calendar describes why you may be having difficulty creating an event that displays the time in the title. If you enter a time in an event title Calendar assumes that you are specifying that time and it will indeed schedule the event at the time that you entered.
If you want to see the event time in the Month view, go to Calendar>Preferences...>General> and [✓] "Show event times."OS X Mountain Lion (10.8.3), iPad 3G, iPhone 4, 20GB iPod Color, iPod shuffle