TRAIL GUIDE
Our experts score the debate: How Clinton beat Trump, round-by-round

BUSINESS

BUSINESS NEWS

What separates Snapchat Spectacles from Google Glass: simplicity

A paparazzi photograph of Snapchat Chief Executive Evan Spiegel prematurely revealed the Los Angeles company’s first piece of consumer electronics: a pair of video camera sunglasses. Though it spoiled the surprise delivered last week, the fact that Spiegel felt comfortable wearing the shades where...

BUSINESS HIGHLIGHTS

Read more

WELLS FARGO SCANDAL

FULL COVERAGE

HOT PROPERTY

view celebrity and luxury homes

MORE FROM BUSINESS

  • Attendance and sales of hot sauce balls rise at L.A. County Fair

    Attendance and sales of hot sauce balls rise at L.A. County Fair

    Cooler weather, dinosaurs and deep-fried hot sauce balls helped push attendance up 3% at this year’s Los Angeles County Fair. The annual celebration of carnival rides and outrageously fattening foods drew 1.32 million guests, up from 1.28 million last year at the Fairplex at Pomona. The fair, which...

  • Stocks slide broadly; Deutsche Bank worries hit other banks

    Stocks slide broadly; Deutsche Bank worries hit other banks

    U.S. stocks slumped Monday, and banks took the biggest losses. Deutsche Bank plunged as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies. Stocks fell for the second day in a row. Banks were...

  • California considers using high-traffic roads to produce electricity

    California considers using high-traffic roads to produce electricity

    All those cars on California's famously gridlocked highways could be doing more than using energy. They could be producing it. The California Energy Commission is investing $2 million to study whether piezoelectric crystals can be used to produce electricity from the mechanical energy created by...

  • 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...

  • SpaceX test fires Raptor engine for rocket that might one day take people to Mars

    SpaceX test fires Raptor engine for rocket that might one day take people to Mars

    Elon Musk said SpaceX successfully tested its Raptor rocket engine that might one day be used to transport people to Mars. SpaceX “achieved first firing of the Raptor interplanetary transport engine,” Musk said Sunday night on Twitter. The engine is powered by methane and liquid oxygen.  The disclosure...

  • California Inc.: Ideas wanted for regulating medical weed

    California Inc.: Ideas wanted for regulating medical weed

    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. Drug companies aren’t the only ones reaching deeper into customers’ pockets. Two years...

  • A hot market for IPOs shows itself — at least for a week

    A hot market for IPOs shows itself — at least for a week

    Ample free food and other perks are nice, but it’s stock options and lofty missions that often seduce people into joining tech start-ups. That’s why Jeff Green will never forget the excited expressions on employees’ faces last month when he told them their advertising software company would go...

  • Can homeowner association boards hold frequent 'emergency' meetings?

    Can homeowner association boards hold frequent 'emergency' meetings?

    Question:  Over the past 10 years our homeowner association’s board has taken action on items outside of regular board meetings. It seems that the directors always have an excuse why they had to have a meeting and not tell anyone. They are making decisions behind the backs of owners and they say...

  • Arjan Schütte: A different point of view in the 'gray world' of low-income consumer finance

    Arjan Schütte: A different point of view in the 'gray world' of low-income consumer finance

    Among the members of a committee that advises the Consumer Financial Protection Bureau on consumer issues, there are a handful of professional consumer advocates, an academic and executives from a few financial firms. And then there’s Arjan Schütte. He’s the founder and managing partner of Hollywood’s...

  • Snapchat to sell Spectacles, sunglasses with an embedded camera

    Snapchat to sell Spectacles, sunglasses with an embedded camera

    In the coming weeks, Snapchat plans to begin selling sunglasses that have a small camera capable of recording 10-second video clips. The high-tech shades will cost $130 and mark the app maker’s first crack at electronics, the Wall Street Journal Magazine reported late Friday. Snapchat Chief Executive...

  • 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...

  • 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...

  • 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...

  • Marriott closes $13-billion purchase of Starwood to become world's largest hotel chain

    Marriott closes $13-billion purchase of Starwood to become world's largest hotel chain

    Several of the best-known names in travel are now united in one hotel company. Marriott International closed Friday morning on its $13-billion acquisition of Starwood Hotels & Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz-Carlton brands with Starwood’s Sheraton, Westin,...

  • Here are some tax breaks and loan options to help pay for college

    Here are some tax breaks and loan options to help pay for college

    Your child has selected a college, and now comes the fun part: figuring out how to pay for it. Because the four-year cost of college can range from $100,000 to $280,000 per child, parents must have a plan for how to fund their children’s higher education.  First, a suggestion: Manage your children’s expectations...

  • What you should do if you have a Yahoo account

    What you should do if you have a Yahoo account

    Yahoo confirmed Thursday that at least 500 million user accounts had been affected by a massive breach. Here are some answers to basic questions that you may have about the breach. What information has been hacked? Yahoo's chief information security officer, Bob Lord, said in a blog post that account...

Business Articles

View More
What's This?
This advertiser has no influence over Editorial decisions or content.
94°