BUSINESS

BUSINESS NEWS

Stocks nearly flat; HP, Dollar General and Signet Jewelers drop

Stocks were mostly unchanged in morning trading Thursday as investors sifted through a handful of earnings reports. Several companies including HP and Dollar General fell after their results disappointed investors. The Dow Jones industrial average was flat at 18,480 as of 10:30 a.m. EDT. The Standard...

BUSINESS HIGHLIGHTS

Read more

HOT PROPERTY

view celebrity and luxury homes

MORE FROM BUSINESS

  • Starbucks iced drinks obviously include ice, judge says, tossing lawsuit

    Starbucks iced drinks obviously include ice, judge says, tossing lawsuit

    A lawsuit that accused Starbucks Corp. of misrepresenting the sizes of its iced drinks has been dismissed by a California judge, who issued a written tongue-lashing of the plaintiff's claims. The lawsuit, filed on behalf of plaintiff Alexander Forouzesh in federal district court in California’s...

  • Automaker Karma expands SoCal presence with Irvine office lease

    Automaker Karma expands SoCal presence with Irvine office lease

    The luxury carmaker Karma Automotive, which will soon begin building its hybrid electric Revero sports cars in a massive facility in Moreno Valley, has leased space for its design studios and business offices in Irvine. The company formerly known as Fisker Automotive has agreed to lease 262,000...

  • Threat of Southland energy shortage due to Aliso Canyon fades

    Threat of Southland energy shortage due to Aliso Canyon fades

    State energy agencies say conservation and other strategies should help Southern California avoid energy shortages during the winter amid low supplies at the Aliso Canyon natural gas storage plant. That forecast stands in sharp contrast to the fears raised in the spring about possible rolling blackouts...

  • Here's how a President Clinton could force down drug prices by executive action

    Here's how a President Clinton could force down drug prices by executive action

    Presidential candidate Hillary Clinton brought down the hammer on drug makers last week, promising to “take on” drug companies that charge Americans the highest prices in the world for drugs developed in part with government funds. “Your tax dollars helped support the research that is used to create...

  • Feds sue garlic grower after a contractor's van crash kills 4 migrant workers

    Feds sue garlic grower after a contractor's van crash kills 4 migrant workers

    The U.S. Labor Department is accusing a garlic grower of violating worker safety and transportation laws in connection with a 2015 van crash that killed four farm laborers on a California Central Valley highway. The unusual move in U.S. District Court in Fresno is aimed at sending a sterner message...

  • Grad students at private schools can unionize after all, labor board decides

    Grad students at private schools can unionize after all, labor board decides

    Graduate students who assist in teaching and research at private universities are employees and have a right to union representation, the National Labor Relations Board ruled Tuesday. The 3-1 ruling overturns a 2004 NLRB decision that said graduate students were not employees covered by the National...

  • McDonald's recalls all Step-It fitness tracker toys over risk of burns

    McDonald's recalls all Step-It fitness tracker toys over risk of burns

    McDonald’s Corp. has recalled all of its Step-It activity wristband Happy Meal toys after reports that they led to numerous injuries, including blisters and skin irritation, and could cause burns. The recall involves about 33 million wristbands that were made for distribution in the U.S. and Canada,...

  • Harley-Davidson rolls out new Milwaukee Eight engine

    Harley-Davidson rolls out new Milwaukee Eight engine

    Promising more power, more comfort and more control, Harley-Davidson has unveiled a new engine called Milwaukee Eight, plus improvements in its motorcycles’ suspension systems. But don’t worry. The new engine, whose name sounds like a new beer or Tarantino movie, will retain Harley’s traditional...

  • When banks play unfairly, consumers want chance to be heard in court

    When banks play unfairly, consumers want chance to be heard in court

    The vast majority of consumers want to know they can seek their day in court if they get in a beef with a bank. That’s the main takeaway of a report last week from the Pew Charitable Trusts, which examined so-called mandatory arbitration clauses in bank contracts. These are the provisions that...

  • Pfizer to pay $14 billion for Medivation, whose drug Xtandi was discovered by UCLA

    Pfizer to pay $14 billion for Medivation, whose drug Xtandi was discovered by UCLA

    Pharmaceutical giant Pfizer Inc. is paying $14 billion to buy Medivation Inc., a San Francisco biotech company that sells a high-priced prostate cancer medication discovered by UCLA. A year’s worth of the drug, Xtandi, sells for about $129,000, and the medicine has generated about $2.2 billion...

  • Wells Fargo to pay $4 million to settle charges of illegal student-loan practices

    Wells Fargo to pay $4 million to settle charges of illegal student-loan practices

    Wells Fargo has agreed to pay more than $4 million in fines and rebates over allegations that it charged illegal fees to student-loan borrowers. As part of a deal announced Monday, the San Francisco banking giant did not admit or deny wrongdoing but agreed to pay a $3.6-million penalty to the Consumer...

  • Stocks move lower in quiet trading; oil prices fall sharply

    Stocks move lower in quiet trading; oil prices fall sharply

    Stocks closed nearly flat in quiet trading Monday after drifting most of the day between gains and losses. Energy companies fell along with the price of oil while biotechnology and drug companies rose after Pfizer announced it was buying a cancer drug maker. Trading remained subdued, as it has...

  • Pebble Beach 2016: 1936 Lancia takes best of show prize

    Pebble Beach 2016: 1936 Lancia takes best of show prize

    A beautifully restored pre-war Italian sports car once owned by musician Eric Clapton walked away with the best of show award at the Pebble Beach Concours d’Elegance automobile exhibition. The 1936 Lancia Astura Cabriolet, with body by design house Pinin Farina, also took the top prize in its European...

  • Pebble Beach 2016: Dawn patrol on the 18th fairway

    Pebble Beach 2016: Dawn patrol on the 18th fairway

    On the last day of Monterey Car Week, the faithful enthusiasts braved fog and chilly temperatures to stand at sunrise and watch the classic, vintage and antique automobiles roll across the grass at the historic Pebble Beach golf course, to take their places for the highly competitive Concours d’Elegance....

  • Pebble Beach 2016: Aston Martin unveils new Zagato-bodied automobiles

    Pebble Beach 2016: Aston Martin unveils new Zagato-bodied automobiles

    Aston Martin took advantage of the captive audience of auto enthusiasts on the Monterey Peninsula to introduce a pair of new Zagato-bodied cars. The English car company unveiled a Vanquish Zagato Volante during the week, and its brother Vanquish Zagato Coupe on Sunday. We took advantage of the...

  • Management has a duty to maintain careful custody of payments for HOA dues

    Management has a duty to maintain careful custody of payments for HOA dues

    Question: Our management company sometimes delays posting monthly dues payments by homeowners for two weeks. These “late” payments generate late charges to the owner’s account. The company also misplaces homeowners’ monthly payment checks, leading to more late charges. Management has issued a notice...

  • Pebble Beach 2016: The Concours d'LeMons celebrates the best of the worst

    Pebble Beach 2016: The Concours d'LeMons celebrates the best of the worst

    Celebrating “the best examples of the worst automobiles or the worst examples of the best automobiles,” the eighth annual Concours d’LeMons was held in Seaside, Calif., to honor the ugliest cars on the Monterey Peninsula. Held the same week that sees the most elegant automobiles ever built competing...

  • Cooking his way to better health — and a restaurant empire

    Cooking his way to better health — and a restaurant empire

    The gig: Young Lee, 56, is chief executive of the Flame Broiler, a Santa Ana-based fast-casual restaurant chain. Lee opened the first Flame Broiler restaurant in 1995. More than two decades later, the company has expanded to 180 locations — nearly all of them operated by franchisees in five states....

  • Pebble Beach 2016: Saturday night auctions fail to meet 2015 levels

    Pebble Beach 2016: Saturday night auctions fail to meet 2015 levels

    Auction action on the run-up to Pebble Beach was more lively Saturday night, generally the biggest night of the Monterey Car Week sales events, with cumulative totals now at $288 million. That figure was reached largely on the backs of Italian cars. Saturday night’s RM Sotheby’s auction saw a 1939...

  • Americans split on whether to tip hotel staff

    Americans split on whether to tip hotel staff

    If you are unsure whether to tip your hotel housekeeper, you are not alone. There is no consensus among Americans travelers about which, if any, hotel staffer should get a tip, according to a survey commissioned by the travel company Expedia. The survey of more than 1,000 American travelers found...

  • Airlines battle for business travelers with ultra-luxurious suites

    Airlines battle for business travelers with ultra-luxurious suites

    The battle among airlines to win over the big-spending business traveler intensified this week, with Delta Air Lines announcing a business class section of private suites on long-haul flights. Delta’s plan to roll out its so-called Delta One section on the carrier’s new A350 jets, starting next...

  • Pebble Beach 2016: 1953 Ferrari takes Best of Show honors at the Quail

    Pebble Beach 2016: 1953 Ferrari takes Best of Show honors at the Quail

    A 1953 Ferrari 375 MM Pinin Farina Spider won Best of Show honors at the 14th annual meeting of the Quail. The all-day Friday affair, which organizers describe as “a very grand garden party” that happens to also include 250 classic cars and a Concours-style competition, took place at the Quail...

  • Beyond Uber, Volvo and Ford: Other automakers' plans for self-driving vehicles

    Beyond Uber, Volvo and Ford: Other automakers' plans for self-driving vehicles

    What a big week it was for driverless cars. Ford Motor Co. announced that it would put fully driverless vehicles, without steering wheels or pedals, on the road by 2021. Uber said it would start offering autonomous rides in Pittsburgh – with an Uber employee at the wheel, just in case – by the...

  • Stocks slip as energy companies slide

    Stocks slip as energy companies slide

    U.S. stocks took small losses Friday to end a quiet week of trading. Energy companies fell as a rally in oil prices faded and investors continued to sell the traditionally safer assets they favored earlier this year. Technology and materials companies made small gains. Stocks were lower all day....

  • Pebble Beach 2016: Around the Quail with race legend Jackie Stewart

    Pebble Beach 2016: Around the Quail with race legend Jackie Stewart

    British racing legend Sir Jackie Stewart was on hand early Friday morning at the Quail, one of Monterey Car Week’s most exclusive gatherings. On the grounds of the Quail Lodge and Golf Club, where some of the world’s most passionate auto enthusiasts had paid $600 to watch some of the world’s wealthiest...

  • Pebble Beach 2016: Classic-car auctions start slowly

    Pebble Beach 2016: Classic-car auctions start slowly

    The first night of automobile auctions at this year’s Monterey Car Week ended with more of a whimper than a bang, with only two companies dropping the gavel and no surprising sales figures. Mecum and Russo and Steele both held Thursday night auctions in Monterey. The combined total for the two...

  • Pebble Beach 2016: Cadillac and Mercedes unveil concept cars

    Pebble Beach 2016: Cadillac and Mercedes unveil concept cars

    Monterey Car Week has traditionally been about old cars — vintage cars in rallies, antique cars at auction, historic cars on the race track, culminating with the classic car beauty pageant at the Pebble Beach Concours D’Elegance. But increasingly the event has become a platform for new cars, as...

  • Harley-Davidson fined $15 million for air-polluting racing tuners

    Harley-Davidson fined $15 million for air-polluting racing tuners

    Harley-Davidson Inc. agreed Thursday to pay $15 million to settle a U.S. government complaint over racing tuners that caused its motorcycles to emit higher-than-allowed levels of air pollution. Harley-Davidson manufactured and sold about 340,000 Screamin' Eagle Pro Super Tuners since 2008 that...

  • Twitter offers two new settings, including 'quality filter'

    Twitter offers two new settings, including 'quality filter'

    Twitter has announced two new settings that will allow users to control what they see in their feeds and what notifications they receive. Twitter says in a blog post that it has modified its notification settings to include the ability to see only notifications from people they follow. It's also...

  • Review: 2017 Bentley Bentayga offers big bang for big bucks

    Review: 2017 Bentley Bentayga offers big bang for big bucks

    In 2011, Bentley’s new CEO decided to get into the luxury SUV market. Wolfgang Durheimer, the incoming boss, had migrated across parent company Volkswagen Group from the Porsche division. He saw what the popular Cayenne crossover had done for Porsche’s bottom line. Durheimer gave the Bentley engineers...

  • A backup plan may set your job search up to fail

    A backup plan may set your job search up to fail

    Landing your dream job is a daunting prospect for anyone. So you might be forgiven for thinking that the smartest thing to do when pursuing an ambitious career is also thinking up a Plan B, in case your Plan A goes wrong. Right? Making plans is usually thought to be a good thing, and having a backup...

  • Judge rejects Uber’s $100-million class-action settlement, calling it unfair to drivers

    Judge rejects Uber’s $100-million class-action settlement, calling it unfair to drivers

    A federal judge rejected Uber’s proposed $100-million bid to settle a class-action lawsuit involving the employment status of drivers, describing the sum as “not fair, adequate, and reasonable." The San Francisco ride-hailing company had offered to pay drivers $84 million and an additional $16...

  • Safety rules are still being formed as self-driving technology marches ahead

    Safety rules are still being formed as self-driving technology marches ahead

    The top U.S. highway safety regulator, Mark Rosekind, last month said of self-driving cars: “We are literally seeing the future being created in front of us.” Uber Technologies Inc. and Ford Motor Co. this week proved Rosekind’s point. They announced plans to roll out autonomous vehicles and thus...

  • Pebble Beach 2016: Monterey Auction action gets going

    Pebble Beach 2016: Monterey Auction action gets going

    MONTEREY — Sales totals at this week’s Monterey classic car week auctions should fall a little below last year’s $396 million, says one of the industry’s keenest eyes. But not much. Classic car insurer and valuer McKeel Hagerty, CEO of Hagerty Insurance Agency, believes totals may fall by 7% and...

  • A parents guide to insurance for college students

    A parents guide to insurance for college students

    Saying the last goodbye in the dorm parking lot, you realize more than ever that you can’t protect your child from every risk. It’s time to let go. But back at home, you can assemble a strong financial safety net. Knowing what your current insurance will pay for — and whether you need to buy extra...

  • Why is this GE ad outperforming almost every other Olympics spot?

    Why is this GE ad outperforming almost every other Olympics spot?

    An advertising campaign that has held the attention of Olympics viewers longer than almost any other spot on television does not feature athletes, or their parents, or cars. It’s set on a factory floor. But the latest campaign by General Electric cuts to the heart of a crucial issue for companies...

  • Stocks edge higher as oil prices rise; dollar weakens

    Stocks edge higher as oil prices rise; dollar weakens

    U.S. stocks again ticked higher Thursday as the continuing rebound in oil prices gave energy companies a lift. The gains were modest, however, as investors have been avoiding big moves. The dollar weakened further, and against the yen it's at its lowest in almost three years. Stocks wobbled in...

  • Gannett reportedly sweetens its offer to buy Tronc

    Gannett reportedly sweetens its offer to buy Tronc

    Three months after its last offer was spurned, Gannett Co. is reportedly back with an increased bid to buy Tronc Inc., the newspaper chain formerly known as Tribune Publishing, which owns the Los Angeles Times. Gannett left its rejected $15-a-share bid on the table since May, waiting for Tronc's...

  • T-Mobile is phasing out data limits — but watch out for higher prices

    T-Mobile is phasing out data limits — but watch out for higher prices

    T-Mobile is phasing out data limits and pushing people toward unlimited data plans — which will mean higher prices for many new customers. Although T-Mobile is cutting the price of the unlimited plan, those who haven't been using that much data might eventually pay more for unlimited data they...

  • Why Panda Express and the chork go hand in hand: Both are more American than Chinese

    Why Panda Express and the chork go hand in hand: Both are more American than Chinese

    Last week, Panda Express unveiled its first-ever take on the Chinese American classic General Tso’s chicken, using the hashtag #TsoGood to gin up excitement on social media. The Internet, however, was more interested in the company’s nifty new utensil, the chork. It all started when Lisa Jennings,...

  • California wine country says goodbye to crop-threatening moth

    California wine country says goodbye to crop-threatening moth

    A moth that sparked quarantines and expensive pest-control measures in California’s wine country has been eradicated from the state, agricultural officials said Thursday. Little-known outside the viticultural world, the European grapevine moth had threatened crops valued at $5.7 billion, including wine...

  • Twitter says it shut down 235,000 pro-terrorism accounts since February

    Twitter says it shut down 235,000 pro-terrorism accounts since February

    Twitter Inc. said Thursday that it has shut down more than 235,000 accounts for promoting terrorism since February, far surpassing the 125,000 it had suspended in the previous seven months. That brings the total number of such suspensions to 360,000 since June 2015. Since February, "the world has...

Business Articles

View More
What's This?
This advertiser has no influence over Editorial decisions or content.
67°