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Struggling Mattel warns of slumping holiday sales as debt ratings are cut

Mattel Inc.’s struggles deepened Monday as the El Segundo toymaker warned of slumping holiday sales as its debt was downgraded by the major credit-rating firms. With only two weeks until Christmas, Mattel said in a securities filing that its fourth-quarter sales would be “negatively impacted” because...

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  • S&P 500 snaps losing streak as industrial and tech stocks rise

    S&P 500 snaps losing streak as industrial and tech stocks rise

    U.S. stock indexes perked up Thursday after a nearly weeklong lull, and the Standard & Poor's 500 index rose for the first time in five days. NIndustrial and technology companies helped lead the way as broad swaths of the market climbed. Nearly two stocks rose for every one that fell on the New...

  • Bitcoin's price swings wildly, touching above $19,000

    Bitcoin's price swings wildly, touching above $19,000

    The price of bitcoin swung wildly Thursday, rising to more than $19,000 only to fall sharply within minutes. The frenzy surrounding the virtual currency escalated just days before it starts trading on a major U.S. exchange. The frenzy even has parts of Wall Street concerned. A group of banks complained...

  • Why your Christmas tree costs more — again

    Why your Christmas tree costs more — again

    On an uncharacteristically crisp December night in Los Angeles, seasonal music mixed with a piney fragrance as mechanic Jose Rodriguez got a lesson in economics to explain why his Christmas tree was scrawnier and costlier than last year. Tree seller George Lopez said the noble fir that Rodriguez...

  • More Americans will fly during the Christmas holiday, adding to airlines' rising profits

    More Americans will fly during the Christmas holiday, adding to airlines' rising profits

    More people are expected to take to the skies during the Christmas holiday period, continuing the surge in travel demand that is projected to generate strong profits for U.S.-based airlines, according to industry forecasts. During the 21-day Christmas travel season, 51 million passengers are expected...

  • Senate committee advances bipartisan measure rolling back some bank regulations

    Senate committee advances bipartisan measure rolling back some bank regulations

    A Senate committee on Tuesday approved bipartisan legislation that is aimed at easing regulations on smaller banks but also provides significant benefits for many large financial institutions. Supporters of the bill from Senate Banking Committee Chairman Mike Crapo (R-Idaho) — including nine Democrats...

  • S&P 500 drops for third straight loss after tech stock rally fades

    S&P 500 drops for third straight loss after tech stock rally fades

    Another afternoon fizzle for stocks left the Standard & Poor's 500 index with its third straight loss on Tuesday. The market seemed like it was headed for a gain in the morning, after technology stocks recovered from one of their few stumbles this year. But the tech rally lost momentum as the afternoon...

  • For-profit DeVry University is getting a new owner: a Silicon Valley company

    For-profit DeVry University is getting a new owner: a Silicon Valley company

    DeVry University, one of the nation’s largest remaining for-profit college chains, is getting a new owner. The chain’s parent company, Illinois-based Adtalem Global Education Inc., plans to transfer ownership of DeVry University and its Keller Graduate School of Management to Silicon Valley-based...

  • 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...

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    CVS and Aetna stocks slide on news of merger deal

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

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  • 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’...

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

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    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...

  • 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.

  • 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...

  • TSA credits dogs and airlines for fewer delays during Thanksgiving holiday

    TSA credits dogs and airlines for fewer delays during Thanksgiving holiday

    If you flew on a commercial flight during the Thanksgiving holiday and didn’t suffer long delays at airport screening lines, you have explosives-sniffing dogs and the airlines to thank. That is the assessment of David Pekoske, the new administrator of the Transportation Security Administration,...

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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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