BUSINESS

BUSINESS NEWS

BUSINESS HIGHLIGHTS

Read more

HOT PROPERTY

view celebrity and luxury homes

MORE FROM BUSINESS

  • Stocks end mostly higher, buoyed by tech firms; oil slides

    Stocks end mostly higher, buoyed by tech firms; oil slides

    Stocks had another day of meager gains Thursday as investors worked through a batch of company earnings, including results from Facebook, Ford Motor and Whole Foods Market. Cautious investors are looking ahead to Friday’s meeting of the Bank of Japan, which is expected to announce of more stimulus...

  • Google parent Alphabet's profit soars 24% despite losses on risky bets

    Google parent Alphabet's profit soars 24% despite losses on risky bets

    Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue. Most of the losses are concentrated in Alphabet's “X” lab, a wellspring of far-out ideas that Google co-founder Sergey Brin launched...

  • Oracle is buying business software firm NetSuite in a $9.3-billion deal

    Oracle is buying business software firm NetSuite in a $9.3-billion deal

    Oracle Corp. is buying cloud software company NetSuite Inc. in a deal valued at $9.3 billion, combining two Silicon Valley firms that count Larry Ellison as a top shareholder. Both companies provide enterprise-resource planning software, or systems that streamline business operations such as inventory...

  • Proposed rules would limit harassment by debt collectors

    Proposed rules would limit harassment by debt collectors

    The Consumer Financial Protection Bureau is taking its first step toward reining in debt collectors, releasing an early outline of rules aimed at preventing them from harassing consumers and trying to collect debts that don’t exist. The proposal, which will be discussed Thursday at a CFPB hearing...

  • SeaWorld San Diego drops lawsuit over breeding ban

    SeaWorld San Diego drops lawsuit over breeding ban

    SeaWorld San Diego has dropped a lawsuit against the California Coastal Commission that challenged the agency’s right to impose a ban on the breeding of killer whales at the theme park. SeaWorld, facing pressure from animal-rights groups and others, announced in March that it would no longer breed...

  • Facebook crushes expectations thanks to booming mobile ad sales

    Facebook crushes expectations thanks to booming mobile ad sales

    Facebook's stock was trading higher after the world's biggest social media company handily surpassed Wall Street's expectations for the second quarter, barreling ahead on mobile advertisements, user growth and the next frontier — video.  Chief Operating Officer Sheryl Sandberg said in an interview...

  • Stocks rise, pushed up by Apple; Twitter dives

    Stocks rise, pushed up by Apple; Twitter dives

    Stocks ended Wednesday slightly lower as shares of energy companies and consumer goods makers outweighed gains in technology companies such as Apple. Investors also worked through the Federal Reserve's latest policy statement. The Fed didn't change interest rates, but it left the door open for...

  • SpaceX will spend $300 million on Red Dragon Mars mission, NASA says

    SpaceX will spend $300 million on Red Dragon Mars mission, NASA says

    SpaceX is likely spending about $300 million on its unmanned Red Dragon Mars mission, according to NASA estimates. The topic came up at a NASA Advisory Council committee meeting Tuesday, when agency official Jim Reuter said SpaceX’s spending on the mission was about 10 times that of NASA’s, according...

  • Elon Musk's Tesla Gigafactory idea was crazy, Panasonic exec thought. And yet ...

    Elon Musk's Tesla Gigafactory idea was crazy, Panasonic exec thought. And yet ...

    When Yoshihiko Yamada was introduced to the idea of the Tesla Motors Gigafactory a couple of years ago, he said, “I thought it was crazy.” Crazy, because “the production capacity of this factory would exceed the global capacity of the industry,” the Panasonic Corp. executive vice president said...

  • Fed holds key interest rate steady but signals a hike could come this fall

    Fed holds key interest rate steady but signals a hike could come this fall

    Federal Reserve policymakers said Wednesday they were holding a key interest rate steady but signaled a hike could come this fall as their concerns have eased about a slowing job market and the fallout from Britain’s vote to leave the European Union. Following a two-day meeting, central bank officials...

  • Qualcomm settles gender-discrimination lawsuit

    Qualcomm settles gender-discrimination lawsuit

    Qualcomm Inc. has agreed to pay $19.5 million to settle a gender-discrimination lawsuit that alleged women engineers faced systemic roadblocks to equal pay and promotions at the company. The settlement covers 3,300 women nationwide who worked in science, technology, engineering and math jobs at...

  • To see why LeEco bought Vizio, look at the Chinese company's smartphones

    To see why LeEco bought Vizio, look at the Chinese company's smartphones

    To get a better sense of why Chinese technology company LeEco is buying Irvine TV maker Vizio for $2 billion, have a look at one of LeEco’s smartphones. The company’s Le 2 pro handset retails for just $166 in China, but if you pay about $15 extra, you get a one-year subscription to the company’s...

  • Sisters Ride: 100 years later, motorcycle sisters ride again

    Sisters Ride: 100 years later, motorcycle sisters ride again

    On July 4 exactly a century ago, sisters Augusta and Adeline Van Buren left Brooklyn, N.Y., headed for San Francisco on a pair of 1000cc Indian “moto-cycles.” Politically inclined and media savvy, the young suffragettes hoped that their coast-to-coast ride would convince the American military brass...

  • Lawmaker calls for more scrutiny of scope maker after emails are disclosed

    Lawmaker calls for more scrutiny of scope maker after emails are disclosed

    A U.S. lawmaker is renewing his push for Congress to toughen requirements on medical-device warnings, calling Olympus Corp.’s 2013 decision against issuing a broad alert to U.S. hospitals about scope-related superbug outbreaks “despicable.” Rep. Ted Lieu (D-Torrance) said internal Olympus emails...

  • Covered California insurance doesn't guarantee the doctor will see you, study says

    Covered California insurance doesn't guarantee the doctor will see you, study says

    The recent announcement that Covered California premiums will rise by double digits in 2017 is only part of the challenge for the nation’s largest health exchange. A newly released study found that 4.38% of Covered California policyholders enrolled in Blue Shield or Blue Cross plans were rejected...

  • What to expect from the Fed's first meeting since 'Brexit'

    What to expect from the Fed's first meeting since 'Brexit'

    Federal Reserve policymakers meet this week for the first time since Britain voted to leave the European Union, and the referendum’s effects on financial markets and economic growth are likely to be a hot topic during the two-day gathering. After all, central bank officials were so concerned about...

  • Twitter user growth lags despite effort to drum up interest

    Twitter user growth lags despite effort to drum up interest

    Despite tweaks to its micro-blogging service intended to win over new users, Twitter Inc. recorded just a slight increase in user growth in the second quarter. The San Francisco company Tuesday reported an average of 313 million monthly active users, up just 3% from the same quarter in 2015. Since...

  • Apple reports sales decline for second straight quarter

    Apple reports sales decline for second straight quarter

    Apple announced Tuesday that quarterly sales fell in consecutive quarters for the first time since 2002 as demand slows for its smartphone lineup.  The world’s most valuable company sold 40.4 million iPhones, down from 47.5 million devices during the same period last year. That decline contributed...

  • Domestic airfares drop to lowest level since 2010

    Domestic airfares drop to lowest level since 2010

    Lower fuel costs and increased competition from low-cost airlines have pushed the price of domestic airline tickets to the lowest level since 2010, according to federal data. The average domestic airline ticket sold in the first three months of the year was $361, down 7.8% from the first quarter...

  • U.S. new-home sales climb to more than 8-year high

    U.S. new-home sales climb to more than 8-year high

    Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the broader U.S. economy. The Commerce Department said Tuesday that new-home sales rose 3.5% last month to a seasonally adjusted rate of 592,000,...

  • Scopely, Kite & Lightning and Masterclass among week's L.A. tech highlights

    Scopely, Kite & Lightning and Masterclass among week's L.A. tech highlights

    Scopely, the video game company that has ridden mobile versions of Yahtzee and zombie horror franchise “The Walking Dead” to recent success, announced $55 million in new funding Tuesday. The financing comes on the back of a sixfold increase in quarterly revenue compared with 18 months ago, Chief...

  • Westlake's Park Wilshire apartments to get a makeover

    Westlake's Park Wilshire apartments to get a makeover

    A Sherman Oaks real estate firm plans to revamp an aging 1920s apartment building near MacArthur Park, the latest investment in a neighborhood that big investors long shunned because of high crime rates. MWest Holdings acquired the Park Wilshire apartments in Westlake this month for an undisclosed...

  • Solar-powered plane completes around-the-world journey

    Solar-powered plane completes around-the-world journey

    After 16 months and a 17-leg journey, a solar-powered plane finally completed its around-the-world flight attempt Monday evening when it touched down in Abu Dhabi, United Arab Emirates. The plane, called Solar Impulse 2, landed at Al Bateen Executive Airport a few minutes after 5 p.m. Pacific time,...

  • Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon Communications Inc. built its business on pipes and antennae. Now the nation’s biggest telecommunications company is assembling a different kind of network — one centered around eyeballs and advertisements. With its $4.83-billion acquisition of Yahoo Inc.’s core business on Monday, Verizon...

  • Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    In response to the ubiquity of “Pokemon Go,” investors immediately began snatching up Nintendo stock like, well, Pokemon, probably because the company is most closely associated with the game from its original conception as a cartridge game for Game Boy. Since July 6, when the game was released...

  • Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fell moderately on Monday as investors took a break after four weeks of gains that brought the market to record highs. Energy companies fell more than the rest of the market as the price of oil took another turn lower. Yahoo’s share price dropped $1.06, or 2.7%, to $38.32 after Verizon Communications...

  • Macy's tests artificial intelligence as a way to improve sales

    Macy's tests artificial intelligence as a way to improve sales

    Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they’re in — such as where a particular brand is located or what’s in stock — that they would normally ask a sales associate face-to-face.  The tool, which the nation's largest department...

  • Verizon to buy Yahoo for roughly $5 billion

    Verizon to buy Yahoo for roughly $5 billion

    Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is expected to be formally  announced  Monday before markets open, the reports said. Verizon had emerged in recent days as the front-runner...

  • Older, female and singled out for a pay cut

    Older, female and singled out for a pay cut

    Question: Our board is looking to expand our nonprofit organization, which is having a record revenue year. I am an executive and the second-highest-paid person in our office. I have been asked to take a pay cut, unrelated to my performance, which will make me the third- or fourth-highest-paid...

  • Desert Trip to nearly double the economic impact in Coachella Valley

    Desert Trip to nearly double the economic impact in Coachella Valley

    The annual Coachella music blowout in Indio has become big business for the Palm Springs area, growing even bigger with the addition of the Stagecoach country music weekend in 2007. But now a third music festival, targeting baby boomers and classic rock fans, is expected to nearly double the spending...

  • In Monterey, a battle for historic Laguna Seca raceway

    In Monterey, a battle for historic Laguna Seca raceway

    A bitter fight to take control of one of the world’s most iconic racetracks will come to a head next week when three competing teams of auto sports enthusiasts make their cases to a ruling panel.  At stake is the management of the Laguna Seca racing venue, host for almost 60 years to some of the...

  • Stocks creep up, setting another record high

    Stocks creep up, setting another record high

    Another day, another lazy drift higher for stocks and another record high. The Standard & Poor's 500 index rose 9.86 points, or 0.5%, to 2,175.03 on Friday. It surpassed its prior record set Wednesday by 0.09%, the latest nudge higher for a market that has taken a slow and steady path to all-time...

  • Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale of Yahoo’s core business is still being deliberated but could be announced early next week, according...

  • California to levy fee on rail cars carrying dangerous chemicals

    California to levy fee on rail cars carrying dangerous chemicals

    California plans to levy a fee on rail cars carrying dangerous chemicals across the state, starting later this year. The move follows several oil train derailments around the country, including in neighboring Oregon. A recent analysis conducted by the Office of Emergency Services found gaps in...

  • Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    The SUV and compact SUV segments are the hottest in the auto industry, as continuing low gas prices drive more car buyers away from sedans and toward heavier sport vehicles. The luxury side of that business is hot too, as BMW, Audi, Mercedes-Benz, Lexus, Acura, Infiniti and others fight for space...

  • WeHo woman sues Uber for negligence after being raped by driver

    WeHo woman sues Uber for negligence after being raped by driver

    A West Hollywood woman sued Uber Technologies on Thursday, alleging that the ride-hailing company’s negligence led to her being raped by an Uber driver. The lawsuit, which was filed in the Superior Court of Los Angeles on behalf of the 27-year-old plaintiff, said the San Francisco company “aggressively...

  • Soylent CEO shakes up Montecito Heights with shipping-container home

    Soylent CEO shakes up Montecito Heights with shipping-container home

    Living in used shipping containers decked out with chic furnishings is becoming fashionable nationwide, from woodlands to desert hilltops. But on a dusty hilltop in Montecito Heights, one such eco-home has reportedly become an eyesore — and the object of a potential criminal complaint. Rob Rhinehart,...

  • Obama administration moves to block health insurance mega-mergers

    Obama administration moves to block health insurance mega-mergers

    The Obama administration went to court Thursday to block two major health insurance mergers, siding with consumer advocates and medical groups worried that the consolidation of large national health plans could lead to higher premiums. The long-anticipated move by the Justice Department and attorneys...

  • American Girl hopes a pint-sized doll cures its multimillion-dollar problem

    Times have been tough for toymaker American Girl.  First, Queen Elsa from "Frozen" took the doll aisle by storm, icing out other players. Then, last year, American Girl spiffed up the marketing and packaging of some of its dolls, only to find it didn't drive store traffic like executives hoped....

Business Articles

View More
What's This?
This advertiser has no influence over Editorial decisions or content.
86°