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  • Trump's tax announcement is unlikely to provide many details

    Trump's tax announcement is unlikely to provide many details

    President Trump promised a "big announcement" this week on one of his signature issues — tax reform. But if you're looking for all the long-awaited details of his promised "massive tax cut" for businesses and individuals, you'll have to wait a while longer. The White House now says that Trump simply...

  • Tesla plans to nearly double its car-charging network

    Tesla plans to nearly double its car-charging network

    Tesla will nearly double its Supercharger electric car charging network this year to 10,000 public charging units globally, up from 5,400, the company said Monday. The company plans to begin producing the mass-market Model 3 later this year, and to expand its current annual vehicle production from...

  • TrueCar proposes public offering to raise money

    TrueCar proposes public offering to raise money

    TrueCar Inc. is looking to raise funds with a proposed public offering of common stock. The Santa Monica-based vehicle pricing and information website said Monday it expects to offer 1 million shares of common stock, and that certain existing shareholders will likely offer 7.5 million shares in...

  • Apple CEO Tim Cook reportedly threatened to ban Uber from app store over secret tracking

    Apple CEO Tim Cook reportedly threatened to ban Uber from app store over secret tracking

    Apple Chief Executive Tim Cook threatened to kick Uber out of its app store after it discovered that the ride-hailing company was intentionally violating its privacy rules. Losing access to millions of iPhone users through Apple’s app store had the potential to destroy Uber’s business, according...

  • California Inc.: It's crunch time for Wells Fargo's board of directors

    California Inc.: It's crunch time for Wells Fargo's board of directors

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week. There’s a bit more sunshine in the Golden State now that we know California piled on 19,300...

  • 7 reasons short sellers are betting against Tesla

    7 reasons short sellers are betting against Tesla

    A high-end Tesla Model S can rocket from zero to 60 mph in 2.27 seconds. But can the electric car maker itself accelerate from producing 80,000 autos a year to 500,000 in 2018? A million in 2020? Can it make money in the process? Short sellers are betting big on no. It’s a dangerous bet. Here’s...

  • How a short sale can short-circuit your credit score

    How a short sale can short-circuit your credit score

    Dear Liz: In 2010 I was laid off from my construction management position. I was unable to find work for 28 months. The bank tried to foreclose but I was able to arrange a short sale of my home in March 2012. Shortly after that, my unemployment benefits ran out and I was unable to pay my obligations...

  • Here's why Chinese money is pouring into Temecula's wine region

    Here's why Chinese money is pouring into Temecula's wine region

    David Liu made his first fortune more than two decades ago, exporting American scrap metal to his rapidly industrializing home country of China. After the financial crisis, he scored big again buying thousands of distressed apartments in the United States and selling them later for a tidy profit....

  • Penthouse CEO Kelly Holland wants to revive the legendary adult entertainment brand

    Penthouse CEO Kelly Holland wants to revive the legendary adult entertainment brand

    The gig: Kelly Holland is the chief executive and majority shareholder of Chatsworth-based Penthouse Global Media, the adult entertainment brand founded in 1965 by Bob Guccione. She acquired the company last year from parent company Friend Finder Networks after a long period of financial difficulty...

  • Hollywood scrambles to keep the show going as strike threat looms

    Hollywood scrambles to keep the show going as strike threat looms

    Hollywood is holding its breath. Members of the Writers Guild of America on Monday are expected to give their leaders authority to call a strike against the major film and TV companies after their contract expires May 1. If writers walk off the job, scores of productions would be halted at a time...

  • LAX lets you report a dirty bathroom with a text

    LAX lets you report a dirty bathroom with a text

    Los Angeles International Airport is the second busiest airport in the nation, but when it comes to customer satisfaction, well, let’s just say it doesn’t rank that high. LAX placed 86th in the world, according to the latest survey of 19 million travelers around the world by the Skytrax World Airport...

  • Does a condo seller have an obligation to inform a buyer about a noisy neighbor?

    Does a condo seller have an obligation to inform a buyer about a noisy neighbor?

    Question: We purchased a condominium in a small complex and in a great location for an incredibly low price because the previous owners had to move suddenly. Shortly after we moved in we started hearing strange outbursts of swearing and barking-like sounds coming from another unit close by. This...

  • The battle between hotels and Airbnb continues to heat up

    The battle between hotels and Airbnb continues to heat up

    The nation’s hotel industry has for years shrugged off competition from short-term rentals, booked through sites like Airbnb and VBRO, saying they pose no major threat. That is no longer the case. The American Hotel and Lodging Assn., the trade group for the nation’s hotels, broke fundraising and...

  • Trump's travel ban may be keeping honeymooners closer to home

    Trump's travel ban may be keeping honeymooners closer to home

    President Trump’s proposal to temporarily ban travel from several Middle Eastern countries may be forcing couples to rethink their honeymoon destinations. Trump has proposed two separate immigration bans since taking office in January, both of which were challenged and halted by federal courts....

  • Amid passenger-dragging fiasco, United CEO Oscar Munoz says he won't take chairman post

    Amid passenger-dragging fiasco, United CEO Oscar Munoz says he won't take chairman post

    Facing furor after a United passenger was dragged off a sold-out plane, the chief executive for the carrier’s parent company has agreed not to take on the added role next year of chairman of the board. Under a previous employment agreement, United Continental Holdings chief executive Oscar Munoz...

  • Mattel shares drop after toy maker posts bigger loss and disappointing sales

    Mattel shares drop after toy maker posts bigger loss and disappointing sales

    Mattel shares dropped Thursday after the nation’s largest toy maker reported a wider loss and a 15% drop in sales for the first quarter as it dealt with holiday hangover of too many items unsold. The latest quarterly performance underscores the challenges facing Chief Executive Margo Georgiadis,...

  • Baby orca arrives: Last killer whale is born at SeaWorld

    Baby orca arrives: Last killer whale is born at SeaWorld

    The last orca has been born in captivity at a SeaWorld park, just over a year after the theme park decided to stop breeding orcas following animal rights protests and declining ticket sales. The Orlando, Fla.-based company said the orca — the last in a generation bred in confinement — was born...

  • Stocks rally, lifted by company earnings

    Stocks rally, lifted by company earnings

    U.S. stocks climbed Thursday as industrial companies, banks, technology and materials firms and energy companies all rallied. A strong day of corporate results left investors feeling better about the economy. For more than a week, investors have been poring through company earnings for signs the...

  • Tesla recalls some Model S and Model X cars for parking brake problem

    Tesla recalls some Model S and Model X cars for parking brake problem

    Because of a parking brake that might stick and render a car immobile, Tesla Inc. has issued a voluntary recall for certain Model S and Model X luxury electric cars. In an email to owners Thursday, first revealed by TechCrunch, Tesla said that no injuries related to the defect have been reported,...

  • Bill O'Reilly to leave Fox News with $25 million

    Bill O'Reilly to leave Fox News with $25 million

    Former Fox News star Bill O’Reilly will leave the network with $25 million — the equivalent of one year’s salary, according to two people familiar with the terms of his departure. Parent company 21st Century Fox on Wednesday fired O’Reilly, 67, after investigators retained by the company began...

  • Bill O'Reilly's departure from Fox News draws divergent reactions from conservative media

    Bill O'Reilly's departure from Fox News draws divergent reactions from conservative media

    It was a smear campaign orchestrated by liberal activists bent on censorship. It was a predictable reckoning for an arrogant man. It’s the latest sign that the old-guard conservative media need fresh blood to take on the left-wing establishment. Following the firing of Fox News host Bill O’Reilly...

  • A flying car will be available for preorder for more than $1 million

    A flying car will be available for preorder for more than $1 million

    It may not be quite like the Jetsons, but for over a million dollars you too can soon fly around in a car. A Slovakian company called AeroMobil unveiled on Thursday its version of a flying car, a light-framed plane with wings that can fold back like an insect’s, a hybrid engine and rear propeller....

  • GM halts operations in Venezuela after factory is seized

    GM halts operations in Venezuela after factory is seized

    General Motors has stopped doing business in Venezuela after authorities took control of a factory in what GM called an illegal judicial seizure of its assets. The plant was confiscated Wednesday as antigovernment protesters clashed with authorities in a country that is roiling with economic troubles...

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  • 6 pet-related businesses you can start today

    6 pet-related businesses you can start today

    Starting your own business can nurture your entrepreneurial spirit, earn you some money and give you the opportunity to spend more time with your family — including your pets. So what job can you do that doesn't necessarily require a degree, affords you time flexibility, is in a growing industry...

  • How credit card reward points created delicious results (Infographic)

    Doughnut Plant founder Mark Isreal brought his latest creation to life with the help of 80,000 points earned with his Chase Ink card. Here's how he pulled it off. Save Save

  • Bridging the digital wallet divide (Infographic)

    JPMorgan Chase commissioned Forrester Consulting to research the digital wallet opportunity from the audiences who determine the technology’s future: merchants and their customers. Save Save

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