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  • Energy stocks surge on oil deal hopes, sending market higher

    Energy stocks surge on oil deal hopes, sending market higher

    Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production. Stocks switched between gains and losses for most of the day, and most industries did not move much. Energy companies...

  • OPEC nations reach preliminary accord to curb oil production

    OPEC nations reach preliminary accord to curb oil production

    OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, pushing up prices that had sunk over the past two years and weakened the economies of oil-producing nations. Mohammed Bin Saleh Al-Sada, Qatar's energy...

  • How Experian is turning big data into big dollars

    How Experian is turning big data into big dollars

     At Experian DataLabs in San Diego, a team of scientists is thwarting bad guys with math. A top-five U.S. credit card issuer recently dumped about 6 billion transaction records on Experian DataLabs to see if its machine-learning mathematical formulas could do a better job of rooting out credit...

  • Four stiff challenges Elon Musk will have to overcome to turn his Mars dream into reality

    Four stiff challenges Elon Musk will have to overcome to turn his Mars dream into reality

    SpaceX Chief Executive Elon Musk has finally laid out his plans to eventually transport up to a million people to colonize Mars. But there are more than a few hurdles he’ll have to clear first. In a speech Tuesday at the International Astronautical Congress in Guadalajara, Mexico, Musk presented...

  • Obama's former Supreme Court lawyer, Donald Verrilli, joins L.A. law firm

    Obama's former Supreme Court lawyer, Donald Verrilli, joins L.A. law firm

    Former U.S. Solicitor Gen. Donald B. Verrilli Jr., who successfully defended President Obama’s healthcare plan before the Supreme Court, is joining the Los Angeles law firm of Munger, Tolles & Olson. Verrilli, 59, will lead the firm’s new Washington office. “This firm has an extraordinary reputation,...

  • L.A. Times building sold to Canadian developer

    L.A. Times building sold to Canadian developer

    Chicago media company Tribune Media Co. has sold a trio of properties for a combined $430 million, including the Los Angeles Times building in downtown Los Angeles. The sale of Times Mirror Square to Onni Group paves the way for the redevelopment of a historic building the paper has called home...

  • SABMiller and AB InBev to combine: Beer makers' $103-billion deal clears final hurdle

    SABMiller and AB InBev to combine: Beer makers' $103-billion deal clears final hurdle

    A deal worth more than $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch InBev. SABMiller shareholders approved the $103-billion deal — dubbed Megabrew...

  • Silicon Valley's 'try before you buy' tech showroom is coming to Santa Monica

    Silicon Valley's 'try before you buy' tech showroom is coming to Santa Monica

    Being an early tech adopter meant Vibhu Norby always had the latest gadgets. Before hoverboards were all the rage, the Bay Area engineer had already ordered his own online and envisioned himself whizzing around town doing errands on two wheels. But as with so many things ordered online, when the...

  • Blackberry to stop making its own phones

    Blackberry to stop making its own phones

    Once-dominant smartphone maker Blackberry Ltd. said it will stop developing its phones in-house and shift that work to outside companies so it can focus on software manufacturing. In a regulatory filing Wednesday, the Canadian company said it plans to “end all internal hardware development” on...

  • Consumers aren't as excited as the auto industry about self-driving cars

    Consumers aren't as excited as the auto industry about self-driving cars

    If Ford, Volvo, GM and Uber are to be believed, self-driving cars will soon dominate our roads and car ownership will be a thing of the past. If regular consumers are to be believed, automakers need to hold their horses, because people aren’t ready for a self-driving future. Those are the findings...

  • California's housing shortage will hamper the economy, reports say

    California's housing shortage will hamper the economy, reports say

    The dearth of housing in California will put a drag on the state’s economic growth, according to two new studies.  California will continue to pile on jobs in 2017, but its advantage over the rest of the country will shrink in the future, say a report from UC Riverside and another from UCLA. The...

  • Hackers steal Westpark Capital files, demand ransom for data

    Hackers steal Westpark Capital files, demand ransom for data

    A hacking group that claimed responsibility for leaking sensitive documents from a Century City investment bank threatened Tuesday to divulge more data if the firm failed to pay a ransom. Seventeen files dated as recently as this month surfaced online last weekend, including background checks listing...

  • SeaWorld bets $175 million on new orca shows and virtual-reality attractions

    SeaWorld bets $175 million on new orca shows and virtual-reality attractions

    SeaWorld Entertainment Inc. said it would spend $175 million on new attractions, including a documentary-style orca encounter in San Diego to replace the theatrical Shamu shows that have been the park’s signature draw for half a century. The substantial investment in new rides and marine mammal...

  • Tech and consumer companies lead stocks higher

    Tech and consumer companies lead stocks higher

    U.S. stocks rebounded Tuesday and climbed after a survey showed consumer confidence is at a nine-year high, a sign Americans will keep spending in the months to come. Technology and consumer stocks made the largest gains. The market opened lower after two days of losses but quickly recovered. The...

  • Sea Launch to be acquired by Russian aviation holding company

    Sea Launch to be acquired by Russian aviation holding company

    Sea Launch, a satellite launcher that has flung rockets into space from a floating platform in the Pacific Ocean and has its home port in Long Beach, is being acquired by a Russian firm. S7 Group, a private aviation holding company, said it signed an agreement Tuesday with Sea Launch Group to acquire...

  • Google-backed LendUp fined by regulators over payday lending practices

    Google-backed LendUp fined by regulators over payday lending practices

    Online lending start-up LendUp, which has billed itself as a better and more affordable alternative to traditional payday lenders, will pay $6.3 million in refunds and penalties after regulators uncovered widespread rule-breaking at the company. The California Department of Business Oversight,...

  • DJI shrinks and simplifies its new Mavic Pro drone, giving GoPro's Karma a rival

    DJI shrinks and simplifies its new Mavic Pro drone, giving GoPro's Karma a rival

    The top civilian drone maker’s latest model is small enough to slip into purses and controllable with just a smartphone. The Mavic Pro represents a significant leap for Chinese start-up DJI, whose Phantom and Inspire offerings dominate the camera drone market. The unveiling of the Mavic Pro on...

  • L.A. tech news: SGN to Jam City. Foursquare to Playa Vista. Branch Messenger to Minneapolis.

    L.A. tech news: SGN to Jam City. Foursquare to Playa Vista. Branch Messenger to Minneapolis.

    Mobile game maker SGN renamed itself Jam City last week, seeking to inject more fun into its brand. For a start-up that makes colorful matching and bubble-bursting games including Juice Jam and Panda Pop, SGN — short for Social Gaming Network — came off as a stodgy and dull, the Culver City company...

  • Why Disney is unlikely to buy Twitter

    Why Disney is unlikely to buy Twitter

    One is an entertainment giant famous for exacting tight control over its content. The other is a tech firm whose commitment to free speech has earned it a reputation as a hub for news and a haven for online harassment.  Together, they make for a brow-raising pairing. But stranger things have happened...

  • Airbnb takes a toll on the U.S. lodging industry, but Los Angeles hotels continue to thrive

    Airbnb takes a toll on the U.S. lodging industry, but Los Angeles hotels continue to thrive

    The U.S. hotel industry’s robust recovery from the recession is expected to slow down next year partly because of growing competition from short-term rental companies like Airbnb. That is one of the conclusions of a Moody’s Investor Service analysis that provided a rare look at data on how short-term...

  • SpaceX's Elon Musk is set to announce plans for colonizing Mars

    SpaceX's Elon Musk is set to announce plans for colonizing Mars

    As if he doesn’t have enough on his plate with solving the mystery of an exploding rocket and tweaking Tesla’s driver-assistance software, SpaceX Chief Executive Elon Musk will discuss plans for colonizing Mars at a space conference in Mexico on Tuesday. In a highly-anticipated speech titled “Making...

  • Rocket Lab finishes launch complex in New Zealand

    Rocket Lab finishes launch complex in New Zealand

    Small-satellite launch firm Rocket Lab has completed its New Zealand launch complex ahead of a first test flight expected this year. The Los Angeles rocket company’s Launch Complex One is located on the Mahia Peninsula on the east coast of New Zealand’s North Island. The pad will be the primary...

  • New home sales drop 7.6% in August nationwide but rise in the West

    New home sales drop 7.6% in August nationwide but rise in the West

    One month after surging to their highest level in nearly nine years, sales of new homes nationwide retreated in August, with the exception the west, the Commerce Department reported Monday.  Sales of newly built houses in the west jumped 8% from a month earlier, while nationwide sales dropped 7.6%...

  • Mylan's EpiPen profit was 60% higher than what the CEO told Congress

    Mylan's EpiPen profit was 60% higher than what the CEO told Congress

    Lawmakers were skeptical last week when Mylan’s chief executive said that the company made only $100 in profit for a two-pack of EpiPens. During a House hearing, she repeatedly referred to a poster board showing how little of the $608 list price trickled back to the company. The incredulity was...

  • Airlines seek to limit types of therapy animals allowed on planes

    Airlines seek to limit types of therapy animals allowed on planes

    Turkeys, pigs and even roosters have flown the friendly skies, carried onto commercial planes by passengers who identified the critters as emotional support animals. But a committee of airline representatives and disabled rights advocates has been meeting for months in Washington, D.C., to come...

  • A few extra pounds can hurt your job chances -- more so if you're a woman

    A few extra pounds can hurt your job chances -- more so if you're a woman

    The suddenly reluctant zipper can bring more than a sting of self-consciousness. A new study from the journal Plos One out this month found slight weight gain can hurt a job seeker's employment chances -- especially a woman's. The authors, a team of Scottish and Canadian researchers, already knew...

  • How to decide when to start receiving Social Security benefits

    How to decide when to start receiving Social Security benefits

    Should I start receiving Social Security benefits at 62 or wait a few years? How does my decision affect my spouse’s benefits? Every day tens of thousands of people are making decisions about when they’ll start receiving Social Security, but many people don’t know what options are available to...

  • Airline fees create the 'billion-dollar club' for 10 carriers

    Airline fees create the 'billion-dollar club' for 10 carriers

    The airline industry collects so much revenue from charges to check bags, reserve seats, buy food and connect to the Internet, among other things, that 10 of the world’s biggest carriers have surpassed the $1-billion revenue mark solely from fees. A report by IdeaWorks, a Wisconsin-based consultant...

  • Alaska Airlines tries out DIY bag tagging at LAX

    Alaska Airlines tries out DIY bag tagging at LAX

    Alaska Airlines has gained a reputation for being willing to test new technology on its passengers. The Seattle-based carrier tried adding solar panels to power its passenger ramps in 2013. The airline tested out fingerprint machines to identify passengers at its airport lounges in 2014 and launched...

  • Towering development is proposed for L.A.'s Arts District: an 'opportunity for density'

    Towering development is proposed for L.A.'s Arts District: an 'opportunity for density'

    An Orange County developer is proposing one of the most ambitious developments of the current real estate boom in downtown Los Angeles — a massive mixed-use complex with twin towers soaring 58 stories that would dramatically remake the largely low-rise Arts District. The project by Irvine-based...

  • California labor commissioner fines illegal garment businesses

    California labor commissioner fines illegal garment businesses

    Eighteen garment companies received fines of more than $682,000 for violating labor laws, state regulators announced. The businesses, all based in Los Angeles, were inspected this month by the California labor commissioner’s office.  The inspections revealed that the companies did not have workers’...

  • It's strange Yahoo took 2 years to discover a data breach, security experts say

    It's strange Yahoo took 2 years to discover a data breach, security experts say

    When Yahoo reported Thursday that hackers had breached its databases and gained access to users’ emails, dates of births, encrypted passwords and security answers, cybersecurity experts weren’t surprised. Cyberattacks are, after all, now par for the course, and no company is immune.  But what struck...

  • American Apparel is losing CEO Paula Schneider, who was supposed to turn it around

    American Apparel is losing CEO Paula Schneider, who was supposed to turn it around

    Paula Schneider, the chief executive tasked with turning around American Apparel Inc.'s flagging business, is leaving, according to two sources close to the company. Chelsea Grayson, the company’s general counsel and chief administrative officer, will take the reins as CEO on Oct. 3 — opening yet...

  • Stocks move lower as energy and tech shares fall

    Stocks move lower as energy and tech shares fall

    U.S. stock indexes closed moderately lower Friday after three days of gains. Several technology stocks traded heavily, including Yahoo, Twitter and Facebook. Energy stocks fell along with a steep decline in the price of oil. The Dow Jones industrial average sank 131.01 points, or 0.7%, to 18,261.45....

  • Salesforce, Google may be interested in buying Twitter

    Salesforce, Google may be interested in buying Twitter

    Shares of Twitter Inc. surged Friday after reports that the social media company could receive a formal bid soon. Citing unnamed sources, CNBC reported that Twitter has received “expressions of interest” from several tech companies and was “engaged in conversations with potential suitors.” Those companies...

  • SpaceX explosion: 'Large breach' took place in helium system in second stage of rocket

    SpaceX explosion: 'Large breach' took place in helium system in second stage of rocket

    Early analysis of debris and data from SpaceX’s launch pad explosion suggests that a “large breach” took place in the cryogenic helium system of the rocket’s second-stage liquid oxygen tank, the space company said Friday. The Hawthorne space company said it still has not determined the root of...

  • Pressures mount on Wells Fargo following fake-accounts scandal

    Pressures mount on Wells Fargo following fake-accounts scandal

    Pressure mounted on Wells Fargo & Co. Friday following its fake-accounts scandal, as the bank faced new calls to allow affected customers to file lawsuits and for the board of directors to rescind the pay of a key senior executive. The demands came just one day after Chief Executive John Stumpf...

  • World's airlines on pace to pocket record $39 billion in profits

    World's airlines on pace to pocket record $39 billion in profits

    Noted investor Warren Buffett once warned that investing in airlines was “a death trap.” He may be rethinking his view on the airline industry now that the trade group for the world’s carriers has predicted that the industry will pocket a record $39.4 billion this year. Alexandre de Juniac, director-general...

  • Why do customers flock to one dress and ignore another? Stores turn to heat mapping to figure out.

    Why do customers flock to one dress and ignore another? Stores turn to heat mapping to figure out.

    When Combatant Gentlemen opened its first permanent location in Santa Monica Place in July, the store had many elegant touches: a sleek design, spacious fitting rooms, even an on-site tailor. It also boasted a modern tool invisible to the average shopper: cameras equipped with heat mapping software....

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