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Stocks open slightly lower; H&R Block shares drop

Stocks are opening slightly lower on Wall Street as a thin batch of earnings gave investors little to get excited about. Tax preparation company H&R Block dropped almost 8% in early trading Wednesday after reporting revenue that fell short of analysts' estimates, and distiller Brown-Forman, which...

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    Lyft and Uber launch programs to cater to seniors

    Uber and Lyft spent the last four years cornering the millennial market. Now they’re going after a new demographic: senior citizens.  Both ride-hailing companies recently announced partnerships with service providers that allow older customers to book rides through a phone operator, bypassing...

  • The key to Vizio founder William Wang's $2-billion business? Trust in his employees

    The key to Vizio founder William Wang's $2-billion business? Trust in his employees

    William Wang, founder and chairman of TV maker Vizio Inc., had receded into the background at the Irvine company in recent years. So even though it was him at a media event announcing LeEco’s acquisition of Vizio for $2 billion last month, he quickly turned the attention to a group seated directly...

  • Same drug, different insurance tiers, crazy-high co-pays

    Same drug, different insurance tiers, crazy-high co-pays

    As sky-high EpiPen costs show, price gouging of patients by greedy drug companies is one part of our dysfunctional healthcare system. Another is what may appear to be the arbitrary way that insurers decide what co-pay to charge. Santa Ana residents William and Phyllis Stevens encountered this recently...

  • SpaceX signs first customer for launch of a reused rocket

    SpaceX signs first customer for launch of a reused rocket

    Now that SpaceX has proved that its rocket boosters can land back on Earth, the company has signed its first customer to launch a satellite on one of those reused rockets. Luxembourg satellite operator SES reached an agreement with Hawthorne-based SpaceX to launch a SES-10 communications satellite...

  • California's Inland Empire reels after losing hundreds of blue-collar jobs

    California's Inland Empire reels after losing hundreds of blue-collar jobs

    Southern California is losing another manufacturing stalwart. In two months, Ashley Furniture HomeStore will close two plants in Colton and lay off about 840 workers. The company said it would transfer the San Bernardino County production to its facilities in Wisconsin and North Carolina, citing...

  • American Airlines president jumps to a top spot at rival United

    American Airlines president jumps to a top spot at rival United

    United Airlines hired its chief competitor American Airlines’ No. 2 executive Monday. Scott Kirby, 49, will fill a newly created role as president of United Continental Holdings Inc., responsible for operations, marketing, sales, alliances, network planning and revenue management, the Chicago-based...

  • San Diego's Scripps Health partners with MD Anderson to expand cancer network's reach

    San Diego's Scripps Health partners with MD Anderson to expand cancer network's reach

    In a bid to increase its reach throughout Southern California, the San Diego-based Scripps Health system on Monday finalized a partnership with the internationally known MD Anderson Cancer Network. The deal makes Scripps the only direct collaborator with Houston-based MD Anderson in an eight-county...

  • Mylan to launch a cheaper, generic version of EpiPen

    Mylan to launch a cheaper, generic version of EpiPen

    The maker of EpiPens will start selling a cheaper, generic version of the emergency allergy shots as the furor over repeated U.S. price hikes continues — and looming competition threatens its near-monopoly. Despite its second move in five days to make EpiPens more affordable for consumers, England-based...

  • Fitbit's new Adventures feature virtually transports users to Yosemite

    Fitbit's new Adventures feature virtually transports users to Yosemite

    Fitbit Inc. unveiled a series of virtual “adventures” to pair with its fitness-tracking wristbands Monday as the company tries to maintain its sales momentum. Fitbit Adventures, a new feature on the San Francisco company’s mobile app, allows users to virtually experience such “challenges” as hiking...

  • Stocks rise, led by bank shares, on hopes for higher interest rates

    Stocks rise, led by bank shares, on hopes for higher interest rates

    Banks led the stock market higher Monday as investors anticipate that the Federal Reserve could raise interest rates this year from their historically low levels. That could help banks recover from a long slump by making lending more profitable. The Dow Jones industrial average rose 107.59 points,...

  • New rules on small drones: What you need to know

    New rules on small drones: What you need to know

    For companies that want to use small drones, a new era began Monday. That’s when rules kicked in that free them from having to request special permission from the federal government for any commercial drone endeavor — a waiver process that often took months. Although industry experts say the Federal...

  • Takata troubles worsen: Truck explodes in Texas, killing 1 and injuring 4

    Takata troubles worsen: Truck explodes in Texas, killing 1 and injuring 4

    Air bag maker Takata Corp.’s troubles worsened Monday as the company confirmed that a truck carrying its inflators and a volatile chemical exploded last week in a Texas border town, killing a woman and injuring four others. The truck, operated by a subcontractor, crashed, caught fire and exploded...

  • Building furniture and community

    Building furniture and community

    The gig: Francisco Pinedo, 53, is chief executive of Cisco Bros., a fast-growing manufacturer known for environmentally friendly design and practices in its home furnishings business. Carrying the Cisco nickname that Pinedo has answered to since his childhood in Mexico, six Cisco Home stores operate...

  • What can we do about incompetent management companies that waste money?

    What can we do about incompetent management companies that waste money?

    Question:  Our homeowners association is going on our third manager and management company in four years — an experience that has wasted countless hours and money. The work we need to be done gets hijacked by managers who want to do things their way and are adept enough to manipulate situations...

  • Ashley Furniture slashes production in Inland Empire, lays off 840 workers

    Ashley Furniture slashes production in Inland Empire, lays off 840 workers

    A furniture manufacturer is cutting hundreds of jobs in Southern California as it shifts production to plants in North Carolina, Mississippi and Wisconsin. The San Bernardino County Sun reported Saturday that about 840 workers at an Ashley Furniture HomeStore factory and warehouse in Colton were...

  • Trader Joe's lawsuit over Canadian store Pirate Joe's can proceed

    Trader Joe's lawsuit over Canadian store Pirate Joe's can proceed

     A U.S. court has the authority to hear a trademark lawsuit by grocery chain Trader Joe's against a man who bought the company's products and resold them in Canada at Pirate Joe's, a store designed to mimic Trader Joe's, a federal appeals court said Friday.  The 9th U.S. Circuit Court of Appeals...

  • Delta criticized for deleting same-sex love scene from in-flight movie 'Carol'

    Delta criticized for deleting same-sex love scene from in-flight movie 'Carol'

    It’s been a bad month for Delta Air Lines. While passengers were cursing the nation’s second largest carrier for a computer outage that grounded hundreds of flights this month, the Atlanta-based airline was also taking heat on social media for showing an in-flight movie that edited out a love scene...

  • Flights between U.S. and Mexico to soar under bilateral agreement

    Flights between U.S. and Mexico to soar under bilateral agreement

    If you’re planning a trip south of the border, you can expect to save a little on your flight to Mexico. An agreement between the U.S. and Mexico that took effect Aug. 21 will drop restrictions on the number of airlines that can fly between the two countries, thus increasing competition and lowering...

  • Labor Day weekend airfares expected to drop from recent years

    Labor Day weekend airfares expected to drop from recent years

    Airfares typically soar for travel around Labor Day weekend. This year is no exception. From Aug. 16 until the start of the Labor Day weekend, domestic airfares will shoot up nearly 30%, according to an analysis by the travel site CheapOAir. After all, everybody wants to get away for the last holiday...

  • Bijan property on Rodeo Drive sells for $19,000 a square foot

    Bijan property on Rodeo Drive sells for $19,000 a square foot

    The demand for $5,000 handbags and $25,000 suits is slipping amid global turmoil. But enthusiasm for real estate on Rodeo Drive, where such high-end goods are sold, isn’t hurting. Instead it’s setting records. The parent company of Louis Vuitton recently paid $122 million, or $19,405 a square foot,...

  • California bans ITT tech from accepting new students

    California bans ITT tech from accepting new students

    The for-profit college chain ITT Educational Services has been banned from accepting new students at its 15 California locations under an emergency decision issued Friday by the state Department of Consumer Affairs’ Bureau for Private Postsecondary Education. The state will also seek to revoke...

  • Four airlines fined for giving inaccurate compensation information

    Four airlines fined for giving inaccurate compensation information

    Four of the nation’s largest airlines were fined by the Federal Aviation Administration for giving passengers inaccurate information about how much compensation they should get for being kicked off an overbooked flight or having their luggage lost or damaged. Alaska Airlines was fined $40,000; American...

  • California's new climate bill may dampen growth but it won't cripple the economy

    California's new climate bill may dampen growth but it won't cripple the economy

    California’s landmark climate bill, passed by the Assembly this week, has earned the ire of business groups that say it will cripple their industries. The law will not be a moneymaker for everyone, but it probably won’t wreak havoc on the economy either, research shows. The new legislation, SB...

  • Stocks end mostly lower after Fed’s Janet Yellen speaks

    Stocks end mostly lower after Fed’s Janet Yellen speaks

    Stocks ended mostly lower Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market. Major U.S. indexes initially climbed after a speech by Fed chief Janet Yellen that was bullish on...

  • Make big trucks and buses physically unable to speed, regulators suggest

    Make big trucks and buses physically unable to speed, regulators suggest

    Two safety regulators are seeking to forcibly limit how fast trucks, buses and other large vehicles can travel on the nation's highways. A new proposal Friday would impose a nationwide by using an electronic device to cap speeds of newly made U.S. vehicles that weigh more than 26,000 pounds. Regulators...

  • Carl Icahn buys more Herbalife shares, flouting Bill Ackman

    Carl Icahn buys more Herbalife shares, flouting Bill Ackman

    A long-running feud over Herbalife Ltd. between billionaire hedge fund managers Carl Icahn and Bill Ackman heated up Friday, with Ackman saying that Icahn was looking to sell his stake in the Los Angeles maker of nutritional supplements and Icahn saying that's not the case. Ackman, confirming an...

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