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Consumer regulator looks to limit harassment by debt collectors

The Consumer Financial Protection Bureau is taking its first step toward reining in debt collectors, releasing an early outline of rules aimed at preventing them from harassing consumers and trying to collect debts that don’t exist. The proposal, which will be discussed Thursday at a CFPB hearing...

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  • What to expect from the Fed's first meeting since 'Brexit'

    What to expect from the Fed's first meeting since 'Brexit'

    Federal Reserve policymakers meet this week for the first time since Britain voted to leave the European Union, and the referendum’s effects on financial markets and economic growth are likely to be a hot topic during the two-day gathering. After all, central bank officials were so concerned about...

  • Twitter user growth lags despite effort to drum up interest

    Twitter user growth lags despite effort to drum up interest

    Despite tweaks to its micro-blogging service intended to win over new users, Twitter Inc. recorded just a slight increase in user growth in the second quarter. The San Francisco company Tuesday reported an average of 313 million monthly active users, up just 3% from the same quarter in 2015. Since...

  • Apple reports sales decline for second straight quarter

    Apple reports sales decline for second straight quarter

    Apple announced Tuesday that quarterly sales fell in consecutive quarters for the first time since 2002 as demand slows for its smartphone lineup.  The world’s most valuable company sold 40.4 million iPhones, down from 47.5 million devices during the same period last year. That decline contributed...

  • Domestic airfares drop to lowest level since 2010

    Domestic airfares drop to lowest level since 2010

    Lower fuel costs and increased competition from low-cost airlines have pushed the price of domestic airline tickets to the lowest level since 2010, according to federal data. The average domestic airline ticket sold in the first three months of the year was $361, down 7.8% from the first quarter...

  • Stocks finish mixed; Gilead and McDonald's fall as Texas Instruments jumps

    Stocks finish mixed; Gilead and McDonald's fall as Texas Instruments jumps

    Stocks had a muddled session Tuesday, as investors worked through a large batch of corporate earnings from a range of companies including Gilead Sciences, McDonald's and Texas Instruments. McDonald's shares had their biggest one-day percentage decline since the financial crisis, weighing heavily...

  • Automotive tech firm Mobileye will end its partnership with Tesla

    Automotive tech firm Mobileye will end its partnership with Tesla

    Tech firm Mobileye, which makes chips and software for driver-assistance systems such as Tesla Motors Inc.’s autopilot feature, will end its partnership with the electric car maker. In a call with analysts Tuesday, Mobileye co-founder Amnon Shashua said the Israeli company’s work with Tesla would...

  • Tesla car mangled in fatal crash was on Autopilot and speeding, NTSB says

    Tesla car mangled in fatal crash was on Autopilot and speeding, NTSB says

    The Tesla car involved in a fatal crash in Florida this spring was in Autopilot mode and going about 10 miles faster than the speed limit, according to safety regulators, who also released a picture of the mangled vehicle. Earlier reports had stated the Tesla Model S struck a big rig while traveling...

  • Westlake's Park Wilshire apartments to get a makeover

    Westlake's Park Wilshire apartments to get a makeover

    A Sherman Oaks real estate firm plans to revamp an aging 1920s apartment building near MacArthur Park, the latest investment in a neighborhood that big investors long shunned because of high crime rates. MWest Holdings acquired the Park Wilshire apartments in Westlake this month for an undisclosed...

  • Solar-powered plane completes around-the-world journey

    Solar-powered plane completes around-the-world journey

    After 16 months and a 17-leg journey, a solar-powered plane finally completed its around-the-world flight attempt Monday evening when it touched down in Abu Dhabi, United Arab Emirates. The plane, called Solar Impulse 2, landed at Al Bateen Executive Airport a few minutes after 5 p.m. Pacific time,...

  • Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon Communications Inc. built its business on pipes and antennae. Now the nation’s biggest telecommunications company is assembling a different kind of network — one centered around eyeballs and advertisements. With its $4.83-billion acquisition of Yahoo Inc.’s core business on Monday, Verizon...

  • Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    In response to the ubiquity of “Pokemon Go,” investors immediately began snatching up Nintendo stock like, well, Pokemon, probably because the company is most closely associated with the game from its original conception as a cartridge game for Game Boy. Since July 6, when the game was released...

  • Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fell moderately on Monday as investors took a break after four weeks of gains that brought the market to record highs. Energy companies fell more than the rest of the market as the price of oil took another turn lower. Yahoo’s share price dropped $1.06, or 2.7%, to $38.32 after Verizon Communications...

  • Macy's tests artificial intelligence as a way to improve sales

    Macy's tests artificial intelligence as a way to improve sales

    Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they’re in — such as where a particular brand is located or what’s in stock — that they would normally ask a sales associate face-to-face.  The tool, which the nation's largest department...

  • Verizon to buy Yahoo for roughly $5 billion

    Verizon to buy Yahoo for roughly $5 billion

    Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is expected to be formally  announced  Monday before markets open, the reports said. Verizon had emerged in recent days as the front-runner...

  • Older, female and singled out for a pay cut

    Older, female and singled out for a pay cut

    Question: Our board is looking to expand our nonprofit organization, which is having a record revenue year. I am an executive and the second-highest-paid person in our office. I have been asked to take a pay cut, unrelated to my performance, which will make me the third- or fourth-highest-paid...

  • Boards, management companies cannot obstruct requests for association records

    QUESTION: Everything at our homeowner association has become too complicated for me to deal with! I recently asked our HOA board for copies of board meeting minutes for the last 12 months. I asked in person and also made a request via email to the management company. In response, management sent...

  • General Atomics' $40-million gamble on small nukes

    General Atomics' $40-million gamble on small nukes

    The scientists and engineers at General Atomics think the future of nuclear energy is coming on the back of a flatbed truck. The leadership at the San Diego company, which has been developing nuclear technologies for more than 60 years, has already spent $40 million in the expectation that its...

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