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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...

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