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  • Californians might retain a state and local income tax deduction — but with limits

    Californians might retain a state and local income tax deduction — but with limits

    Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul — but with a catch. The total annual deduction would be capped at $10,000, which is the same level as a limited deduction for property taxes that both the House...

  • FHA to no longer insure new mortgages with PACE loans

    FHA to no longer insure new mortgages with PACE loans

    The Federal Housing Administration will stop insuring new mortgages on homes with PACE loans, a type of controversial financing used to fund energy-efficient home improvements. The announcement Thursday follows criticism from consumer groups that too many borrowers have taken out unaffordable loans...

  • Job growth expected to keep slowing in California

    Job growth expected to keep slowing in California

    California’s economic engine has slowed somewhat in 2017 and that’s expected to continue in coming years as employers have trouble finding workers in the expensive state, according to a new report. The latest UCLA Anderson Forecast, released Wednesday, calls for job growth of 1.8% by year’s end,...

  • LA Weekly won't get Erwin Chemerinsky's money after all, and event vendors drop out

    LA Weekly won't get Erwin Chemerinsky's money after all, and event vendors drop out

    The outcry against LA Weekly’s new owners, which had already caused some advertisers to step back, now has also pushed away potential investor Erwin Chemerinsky. And several vendors slated to offer drinks and desserts at the alternative newsweekly’s upcoming Sips and Sweets festival have decided...

  • Provision to charge foreign airlines extra taxes was cut from Senate tax bill

    Provision to charge foreign airlines extra taxes was cut from Senate tax bill

    Several foreign airlines that are in heated competition with U.S.-based carriers will not be forced to pay higher taxes under the Senate tax bill that was approved over the weekend. A provision entered into the tax bill by a Georgia senator to impose a corporate tax on several foreign airlines...

  • Here are the biggest sticking points between the House and Senate tax bills

    Here are the biggest sticking points between the House and Senate tax bills

    House and Senate Republicans go to work this week to reconcile significant differences between their two tax bills. Here are the biggest sticking points they need to resolve.

  • Tech stocks slump, offsetting gains by telecoms and banks

    Tech stocks slump, offsetting gains by telecoms and banks

    Stock indexes didn't do much at first glance Monday, but the modest move for the Standard & Poor's 500 masked some dramatic changes roiling underneath the surface. Telecom stocks, banks and other areas of the market that stand to benefit the most from Washington's drive to cut corporate tax rates...

  • Block California's egg law, 12 states ask the Supreme Court

    Block California's egg law, 12 states ask the Supreme Court

    A dozen states are banding together to ask the U.S. Supreme Court to block a California law requiring any eggs sold there to come from hens that have space to stretch out in their cages. Missouri Atty. Gen. Josh Hawley said Monday that he plans to file a lawsuit on behalf of the states alleging...

  • CVS and Aetna stocks slide on news of merger deal

    CVS and Aetna stocks slide on news of merger deal

    CVS Health Corp. shares dropped Monday as investors expressed uncertainty about the pharmacy giant’s $69-billion deal to acquire health insurer Aetna Inc. CVS stock was down 4.9% at $71.45 around 9:45 a.m. PST. Meanwhile, shares of Aetna were down 0.5% at $180.40 after an early-morning jump. The...

  • California Inc.: Clock is ticking on a possible government shutdown

    California Inc.: Clock is ticking on a possible government shutdown

    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. Traffic, a subject near and dear to all our hearts, took center stage at AutoMobility LA,...

  • CVS to buy Aetna for $69 billion in deal that would shake up healthcare industry

    CVS to buy Aetna for $69 billion in deal that would shake up healthcare industry

    CVS Health Corp. plans to buy Aetna Inc. for $69 billion in a blockbuster deal that would further consolidate the U.S. healthcare industry by merging the nation’s largest pharmacy chain with a major healthcare insurer, the companies announced Sunday. The deal, which was approved by both companies’...

  • The cost of caregiving: 'A sacrifice for our entire family'

    The cost of caregiving: 'A sacrifice for our entire family'

    Alantris Muhammad says there was no question that she would leave her job after her mother was in a car accident that left her unable to walk or eat on her own. At 42, she hadn't even started to think about retirement. But as the oldest of four siblings -- and the only one in a dual-income household...

  • This hotel owner once hawked flowers on street corners

    This hotel owner once hawked flowers on street corners

    Robert Cohen, with his brother Joe, traveled an unusual path from flower selling to commercial real estate. Now Robert, 87, owns several hotels and other properties, including the Four Seasons Los Angeles at Beverly Hills.

  • How to avoid outliving your retirement savings

    How to avoid outliving your retirement savings

    Dear Liz: The wife and I are both 65. We both work, with a combined income of $125,000, of which we spend almost all. We have $550,000 in IRAs and $1 million in other investments, plus home equity of about $500,000. We’ll get $3,800 from Social Security if we start next year but plan to work until...

  • At LA Auto Show, take an electric bike for a test ride

    At LA Auto Show, take an electric bike for a test ride

    Beyond the fast cars and shiny SUVs decorating the showroom at the Los Angeles Auto Show, attendees can test drive a different kind of ride: electric bikes, scooters and other two-wheeled modes of transport. At this year’s show, a test ride area offers the opportunity to try an e-bike or see how...

  • LA Auto Show 2017: Women raise their profile

    LA Auto Show 2017: Women raise their profile

    Verena Mei began her career as a poster model for a tire company. She would pose for the camera in a tank top and tiny shorts and then sign her portrait for fans, most of them men. So when she told friends she wanted to be a race car driver, she said, they would respond: “That’s cute, Verena.” ...

  • HOA parking restrictions should be rooted in reality, not for sake of appearances

    HOA parking restrictions should be rooted in reality, not for sake of appearances

    QUESTION: My parents purchased a five-bedroom home with a small two-car garage in an “exclusive” homeowner association, and I am beginning to think they made a huge mistake. Over the years, they have become disabled and require full-time assistance. But that’s a problem for the caregivers since...

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  • Make holiday shopping for your clients easy this year

    Make holiday shopping for your clients easy this year

    The holidays are known as the most wonderful time of the year, but they're also a great opportunity for reflection, particularly in a business setting. This is the time of year when you can look back on the last 12 months and appreciate everyone who helped make the year a success for your business....

  • Small businesses have struggled to find funding: Not anymore

    Small businesses have struggled to find funding: Not anymore

    In business, dreams are easy. Finding the money to make them happen, however, can be difficult. Even established, successful businesses can get turned away for loans at banks. This was the case for Sole Bicycles, a popular maker of stylish, high-performance bikes based in Venice Beach, California....

  • 5 big changes for today's small businesses

    5 big changes for today's small businesses

    A generation ago, the notion of a small business owner meant something very different. You pictured a person who owned their own storefront, often named after themselves, and every day they were the first to arrive and the last to leave. They worked tirelessly for their customers, and their reward...

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