Membership
Get unlimited digital access. Try it today for only $0.99.

BUSINESS

BUSINESS NEWS

Why it took so long for Compton to get its own movie theater

Compton native Wade Simpson, 18, sometimes goes to the cinema once a week to see the latest comedies or horror films, but he has to travel at least 30 minutes to a movie theater in Paramount or Baldwin Hills. That could soon change. Simpson smiled when he heard about plans to finally build a movie...

BUSINESS HIGHLIGHTS

HOT PROPERTY

view celebrity and luxury homes

MORE FROM BUSINESS

  • Solar City stock, already down more than 60% this year, continues to dive

    Solar City stock, already down more than 60% this year, continues to dive

    SolarCity Corp.'s stock has lost more than 60% of its value since the start of the year, and shares continued to dive Thursday, two days after the Northern California solar company reported disappointing fourth-quarter results.Shares of the San Mateo firm, the nation's largest solar panel installer,...

  • In other business news, Carly Fiorina is 'now available for speaking engagements'

    In other business news, Carly Fiorina is 'now available for speaking engagements'

    Well, that didn't take long. Within a few hours of Carly Fiorina's announcement that she was ending her presidential bid, she started her transition back into the world of commerce, as a speakers bureau representing the former Hewlett-Packard chief executive sent out an email announcing that she...

  • Hampton Creek, creator of egg-free Just Mayo, gains a victory in the food wars

    Hampton Creek, creator of egg-free Just Mayo, gains a victory in the food wars

    Hampton Creek, a San Francisco food-tech company, was surprised when its arch-adversary, Unilever, recently announced an egg-free spread under its Hellmann's label. After all, the food conglomerate had sued Hampton Creek over its egg-free Just Mayo, arguing that you can't make mayonnaise without...

  • Southwest Airlines makes bid to serve Long Beach Airport

    Southwest Airlines makes bid to serve Long Beach Airport

    Southwest Airlines, the nation's most popular domestic carrier, has submitted an application to begin daily service out of Long Beach Airport starting later this year. If the application is approved by the city of Long Beach and the Federal Aviation Administration, the Dallas carrier would join...

  • Tesla Motors' net loss more than doubles in fourth quarter

    Tesla Motors' net loss more than doubles in fourth quarter

    Tesla Motors Inc. reported an unexpectedly large fourth-quarter loss of $320 million on Wednesday as the maker of luxury electric cars incurred heavy costs related to developing two new models.The Palo Alto company's primary car is the Model S sedan, and last fall it launched the Model X sport...

  • What to expect when Federal Reserve Chairwoman Janet Yellen testifies on Capitol Hill

    What to expect when Federal Reserve Chairwoman Janet Yellen testifies on Capitol Hill

    Federal Reserve Chairwoman Janet L. Yellen hasn't spoken publicly since mid-December, when the central bank raised its benchmark short-term interest rate for the first time in nearly a decade. A lot's happened since then. And the world is hoping to learn on Wednesday what she thinks about those...

  • Viacom and Snapchat strike bigger ad and content deal

    Viacom and Snapchat strike bigger ad and content deal

    Viacom and Snapchat became instant friends last summer when they paired up on MTV's Video Music Awards: 5 million people tuned into MTV to watch the show on cable television; 12 million watched highlights on the social media app. The numbers sent a clear message: If TV shows want to stay relevant,...

  • California solar industry job growth reaches record levels

    California solar industry job growth reaches record levels

    California led a record-breaking year for solar power in 2015 that included the addition of more than 20,000 new jobs within the state -- more than half of the positions the industry created nationwide, according to a new report. The California Solar Jobs Census report released Wednesday found...

  • Walt Disney Co. theme parks saw record attendance

    Walt Disney Co. theme parks saw record attendance

    The force is strong with Disney. The blockbuster "Star Wars: The Force Awakens" was largely responsible for Walt Disney Co.'s record profit for the first fiscal quarter, but Disney executives also credited the space opera for the record attendance at the company's domestic parks. The Burbank media...

  • Stocks end a bumpy day slightly lower

    Stocks end a bumpy day slightly lower

    U.S. stocks extended their three-day losing streak Tuesday, closing slightly lower after spending most of the day wavering between gains and losses. Energy companies led the decline as the price of U.S. crude oil sank nearly 6%. It's now at about $28 a barrel. The market's bumpy ride followed a...

  • Snapchat and Viacom strike a unique deal, hoping it'll boost ad revenue for both

    Snapchat and Viacom strike a unique deal, hoping it'll boost ad revenue for both

    Viacom Inc. has signed a multi-year deal with Snapchat Inc. to sell ads on behalf of the popular photo- and video-sharing app and increase the amount of programming on it. The unique arrangement is a coup for Venice-based Snapchat, enabling the TV advertisers the company craves to buy ads on the...

  • Small-business optimism falls to nearly 2-year low amid fears of slowing growth

    Small-business optimism falls to nearly 2-year low amid fears of slowing growth

    Optimism about the economy by U.S. small-business owners slipped last month to a nearly two-year low as concerns about slowing growth led to projections for fewer sales, according to survey results released Tuesday. The monthly optimism index from the National Federation of Independent Business...

  • 5 futuristic oddities from the weird world of wearable tech

    5 futuristic oddities from the weird world of wearable tech

    When futurists first began to predict the merging of man and machine, they surely couldn't have predicted this: wearable furniture. The Japanese-made Archelis is literally a wearable chair that surgeons can "wear" during long operating procedures. And there are more "wearable chairs" in the offing...

  • Want control over your cable bill? Move to Canada.

    Want control over your cable bill? Move to Canada.

    It's not that Canada is perfect. It's just that Canadians are really good at dealing with important things. Take your pick — healthcare, gun control, same-sex marriage, political donations — the Canadians have proved themselves capable of having grown-up discussions and finding reasonable, common-sense...

  • Zuckerberg's Chinese New Year video shows Facebook hasn't given up on China

    Zuckerberg's Chinese New Year video shows Facebook hasn't given up on China

    Facebook might be blocked in China, but Chief Executive Mark Zuckerberg hasn’t given up on trying to warm relations between the world’s most populous country and the world’s biggest social network.Zuckerberg, 31, posted a video to Facebook on Sunday in which, speaking in Mandarin, he wished everyone...

  • California Inc.: With new state rules, when's the best time to go solar?

    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. Investors today will be continuing to digest Friday’s jobs numbers — the usual mixed bag...

  • Delta apologizes for flight attendants' brawl that forced flight diversion

    Delta apologizes for flight attendants' brawl that forced flight diversion

    Delta Air Lines has issued an apology over a fracas that broke out on a flight between Los Angeles and Minneapolis last month. The two combatants were flight attendants. Their scrum forced the pilot to land in Salt Lake City to quell the tussle.“Some of our team members did not display their best...

  • Families can pre board with United Airlines -- again

    Families can pre board with United Airlines -- again

    Four years ago, United Airlines told families with small children that they had to wait to board like everyone else.But the Chicago-based carrier is reversing that boarding policy. Starting Feb. 15, families with children age 2 or younger can board before other passengers, except for those with...

  • Travel groups call on Congress to review state of airline competition

    Travel groups call on Congress to review state of airline competition

    The last time Congress convened a panel to look into competition and antitrust issues in the airline industry, carriers TWA, Northwest Airlines and America West were still operating.That was more than 20 years ago, and a coalition of travel organizations thinks it's about time for another review,...

  • How do people with groundbreaking ideas bring them into reality?

    Adam Grant is not your typical business school professor. Just 34, he reached tenure while still in his 20s and finished his doctorate in less than three years. He writes op-eds with Facebook Chief Operating Officer Sheryl Sandberg and got a book blurb from the likes of J.J. Abrams, the director...

  • She has grand designs on how interiors should be

    She has grand designs on how interiors should be

    The gig: Leura Fine, 29, is founder and chief executive of Laurel & Wolf, which specializes in residential and commercial interior design. Fine is also one of Forbes' 2016 selections for "30 under 30," young entrepreneurs who are rapidly climbing the ladder in their business sector or completely...

  • Because CC&R amendments must involve owners, no notice is required after the vote

    Question: I'm a director on the board at my homeowner association. An attorney told us that Civil Code section 4360(c) requires a homeowner association to give formal notice to all titleholders within 15 days of voting to approve a proposed rule. But I can't find a provision that requires any notice...

  • Robots deliver fun with hotel room service orders, and they don't expect a tip

    Robots deliver fun with hotel room service orders, and they don't expect a tip

    Your hotel's newest bellhop may be a robot. A Santa Clara, Calif., start-up and its "autonomous robot helpers" received $15 million in new financing last month. Savioke's goal is to put robots in hotels across the country, building on its current stable of 12, including one near Los Angeles International...

  • Orange County breaks tourism record with 47 million visitors in 2015

    Orange County breaks tourism record with 47 million visitors in 2015

    Thanks to the allure of Disneyland and huge growth in convention attendance, Orange County hosted a record 47.3 million visitors last year. The county's visitor total represents a 3% increase over 2014 and is the second year in a row that the region has set a fresh tourism record, according to...

  • A Lautner landmark in Palm Springs

    A Lautner landmark in Palm Springs

    The John Lautner-designed Elrod House — a Palm Springs landmark built for celebrated interior designer Arthur Elrod — reflects the architect's emphasis on embracing natural landscapes. Nine concrete triangles and clerestories form a radiating canopy over the living room and a pool terrace split...

  • Facebook's new Sports Stadium feature gets big tryout for Super Bowl

    Facebook's new Sports Stadium feature gets big tryout for Super Bowl

    For many sports fans, scanning Twitter while watching a game goes together like guacamole and chips. But waning interest in Twitter and its struggle to add users and captivating features has Facebook jostling to become the go-to TV companion for sports viewers. The two social media companies will...

  • For American Apparel, now out of bankruptcy, it's 'the start of a new day'

    For American Apparel, now out of bankruptcy, it's 'the start of a new day'

    American Apparel emerged from bankruptcy Friday, canceling shares of its publicly traded stock and becoming a private company. The Los Angeles clothing retailer and manufacturer is now owned by its former creditors under the name American Apparel LLC. The holdings of former American Apparel Inc....

  • Wary response to report of Mattel, Hasbro merger

    Wary response to report of Mattel, Hasbro merger

    A report that Mattel Inc. and Hasbro Inc. might seek a bigger toy box via a merger drew a cautious response Friday from investors and industry analysts.Stock prices for the nation's two largest toy makers fell after the companies declined to comment on the report, and analysts questioned how much...

  • Twitter offers new, though limited, evidence that it's driving terrorists away

    Twitter offers new, though limited, evidence that it's driving terrorists away

    Twitter Inc. announced Friday that it had deleted 125,000 terrorist-related accounts in the last seven months. The moves comes after months of criticism from President Obama and others who complained that social media companies weren't doing enough to stifle extremist discussion online. Still,...

  • Stocks close lower, pulled down by disappointing jobs report

    Stocks close lower, pulled down by disappointing jobs report

    Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell...

  • Marinello Schools of Beauty abruptly shuts down after federal allegations

    Marinello Schools of Beauty abruptly shuts down after federal allegations

    Marinello Schools of Beauty abruptly shut down, closing all 56 of its campuses, including 39 in California, after the U.S. Department of Education said the for-profit cosmetology school was improperly allocating federal student aid money. The Department of Education said earlier this week that...

  • LinkedIn shares plunge a day after earnings report

    LinkedIn shares plunge a day after earnings report

    Shares of LinkedIn Corp. plummeted Friday to their lowest level in more than three years, a day after the professional social-networking company reported significantly lower revenue projections for 2016. The Mountain View, Calif., company’s stock closed down more than 43% to $108.38. See the most-read...

  • Sluggish jobs report raises questions about the direction of U.S. economy

    Sluggish jobs report raises questions about the direction of U.S. economy

    For the last two years, America's job-creation machine has been like “The Little Engine That Could,” chugging ahead with "I think I can, I think I can" regardless of headwinds at home or abroad. The nation added 3 million jobs in 2014, making up all the ground lost in the Great Recession, and then...

  • Apple begins offering trade-in credit for damaged iPhones

    Apple begins offering trade-in credit for damaged iPhones

    Apple Inc. has begun offering trade-in credit for damaged iPhones, a strategy that could encourage people to buy a newer model rather than try to fix or bear with their current device. Apple is under pressure from investors to show that slowing sales of iPhones isn’t a long-term trend. Fostering...

  • What's ahead for volatile stocks?

    What's ahead for volatile stocks?

    Investors pondering where the stock market is headed after its January drubbing might consider the words of Stanley Fischer. Fischer is vice chairman of the Federal Reserve Board, and in a speech earlier this week, he addressed the question of what steps the Fed might take next regarding monetary...

  • Why your Super Bowl vegetable platter might cost more this year

    Why your Super Bowl vegetable platter might cost more this year

    Produce seller Rich Uchida is sitting pretty for the Super Bowl right about now. Because it turns out California not only has the 50th edition of the game, it has the Buffalo wings and veggie platters cornered, too. Uchida's employer, Duda Farm Fresh Foods, is the king of celery sticks, and isn't...

  • If you import from China, you know it's Chinese New Year -- because business grinds to a halt

    If you import from China, you know it's Chinese New Year -- because business grinds to a halt

    Lia Sagehorn couldn't tell you if the upcoming Chinese spring festival marked the Year of the Monkey or the Year of the Woolly Mammoth. What the director of production at a local clothing brand does know is that for a few weeks her factories in China will be incommunicado. That means no shipments,...

  • Chicago entrepreneur buys a large stake in L.A. Times' owner

    Chicago entrepreneur buys a large stake in L.A. Times' owner

    A Chicago entrepreneur who already owns one of that city's daily newspapers is now the largest shareholder in Los Angeles Times owner Tribune Publishing after making a $44.4-million investment — one that could bolster the company's planned bid for the Orange County Register.Michael Ferro, through...

  • Top state legislators raise concern about electric grid expansion

    Top state legislators raise concern about electric grid expansion

    California legislative leaders questioned Thursday a proposal to expand the electric grid to include one of the largest users of coal-fired power plants in the west. In a letter to Gov. Jerry Brown, Senate President pro Tempore Kevin de León and Assembly Speaker-elect Anthony Rendon said they were...

  • Signing of Trans-Pacific Partnership trade deal opens up tough battle in U.S.

    Signing of Trans-Pacific Partnership trade deal opens up tough battle in U.S.

    Representatives of the United States and 11 other Pacific Rim nations on Thursday formally signed a sweeping free-trade agreement reached last fall, setting in motion what is expected to be a hard battle for approval in national legislatures, none more contentious than in the U.S. Michael Froman,...

  • How a huge insurance company screwed up on Obamacare

    How a huge insurance company screwed up on Obamacare

    UnitedHealth Group is the nation's biggest private health insurer, so when its executives started whining last year about how it was losing millions on Affordable Care Act exchange plans and threatened to leave the ACA market as early as 2017, people took notice.  Even Obamacare devotees wondered...

  • Does a company have to disclose when a top executive has a serious medical problem?

    Does a company have to disclose when a top executive has a serious medical problem?

    If a top executive of a publicly held company suffers a serious medical problem, what should the company tell the world — and how soon? It's vital knowledge for the company's stockholders, employees, customers and suppliers. But there's also the executive's right to privacy to consider. The debate...

  • Is Amazon planning to open hundreds of bricks-and-mortar bookstores?

    Is Amazon planning to open hundreds of bricks-and-mortar bookstores?

    Is Amazon, the online retailer credited with the downfall of the U.S. bricks-and-mortar bookstore, really going to open hundreds of bricks-and-mortar bookstores? That idea took off after General Growth Properties Chief Executive Sandeep Mathrani told analysts and investors Tuesday: "You've got...

  • Wells Fargo to pay $1.2 billion over bad government-backed mortgages

    Wells Fargo to pay $1.2 billion over bad government-backed mortgages

    Wells Fargo & Co. will pay $1.2 billion to settle claims that it duped the federal government into insuring thousands of risky mortgages in the years leading up to the housing crash, the San Francisco banking giant said Wednesday.If approved by a federal judge, the settlement would close the books...

Business Articles

View More
What's This?
This advertiser has no influence over Editorial decisions or content.
  • Small business SOS: Majority of small business owners want help tracking metrics (Infographic)

    The majority of small business owners want help tracking metrics and admit they don't measure and track as often as they should, according to a Staples survey. Learn more about what business owners said about tracking metrics and how a new app can help grow your business in the below infographic....

  • Top 5 business strategies for 2016

    Continuity planning used be something only companies in highly regulated industries were required to do, but today it's considered a standard for all businesses, regardless of size or reach. It answers the question, "What if…?" and can easily spell the difference between the continued operation...

  • 6 tips to help your small company get back to business in the New Year

    6 tips to help your small company get back to business in the New Year

    The decorations are down and stored away, the holiday rush is over and it’s time for small businesses to get back to doing business as usual. Many small businesses find they have the time and the inspiration to get their shops in order at the beginning of the first quarter — a task that can set...

Loading
57°