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  • Desert Trip to nearly double the economic impact in Coachella Valley

    Desert Trip to nearly double the economic impact in Coachella Valley

    The annual Coachella music blowout in Indio has become big business for the Palm Springs area, growing even bigger with the addition of the Stagecoach country music weekend in 2007. But now a third music festival, targeting baby boomers and classic rock fans, is expected to nearly double the spending...

  • In Monterey, a battle for historic Laguna Seca raceway

    In Monterey, a battle for historic Laguna Seca raceway

    A bitter fight to take control of one of the world’s most iconic racetracks will come to a head next week when three competing teams of auto sports enthusiasts make their cases to a ruling panel.  At stake is the management of the Laguna Seca racing venue, host for almost 60 years to some of the...

  • Stocks creep up, setting another record high

    Stocks creep up, setting another record high

    Another day, another lazy drift higher for stocks and another record high. The Standard & Poor's 500 index rose 9.86 points, or 0.5%, to 2,175.03 on Friday. It surpassed its prior record set Wednesday by 0.09%, the latest nudge higher for a market that has taken a slow and steady path to all-time...

  • Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale of Yahoo’s core business is still being deliberated but could be announced early next week, according...

  • If California's a 'bad state for business,' why is it leading the nation in job and GDP growth?

    If California's a 'bad state for business,' why is it leading the nation in job and GDP growth?

    State and federal statistics released as recently as Friday make it clear: California is smoking hot, economy-wise. The state gained 40,300 jobs in June and 461,000 over the year. With a gain of 2.9%, that was the best 12-month record of any large state except Florida, which won by a nostril with...

  • California to levy fee on rail cars carrying dangerous chemicals

    California to levy fee on rail cars carrying dangerous chemicals

    California plans to levy a fee on rail cars carrying dangerous chemicals across the state, starting later this year. The move follows several oil train derailments around the country, including in neighboring Oregon. A recent analysis conducted by the Office of Emergency Services found gaps in...

  • California boosts payrolls by 40,300 workers in June, but unemployment rises to 5.4%

    California boosts payrolls by 40,300 workers in June, but unemployment rises to 5.4%

    Defying critics of new state regulations, California continued to pad its hefty payrolls in June. Employers added a net 40,300 jobs over the month, the state reported Friday.  But unemployment in California increased to 5.4%, from 5.2% in May. The national unemployment rate also ticked up, to 4.9%...

  • Stocks climb, approaching record highs again

    Stocks climb, approaching record highs again

    Stocks are rising Friday, the latest nudge forward for a market that has taken a slow and steady path to record highs. Telecom and utility stocks led the way, as they have for much of this year. The Standard & Poor's 500 index was up 8 points, or 0.4%, to 2,173 at 2:22 p.m. Eastern time. The Dow...

  • Southern California's aerospace industry, long in decline, begins to stir

    Southern California's aerospace industry, long in decline, begins to stir

    When Tim Buzza joined McDonnell Douglas Corp. in the late 1980s and worked on the C-17 cargo plane, lots were so jammed that workers often had to park as much as a mile from the Long Beach plant and take a shuttle bus. Last year, the C-17 production line shut down, ending the last large aircraft...

  • Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    The SUV and compact SUV segments are the hottest in the auto industry, as continuing low gas prices drive more car buyers away from sedans and toward heavier sport vehicles. The luxury side of that business is hot too, as BMW, Audi, Mercedes-Benz, Lexus, Acura, Infiniti and others fight for space...

  • Soylent CEO shakes up Montecito Heights with shipping-container home

    Soylent CEO shakes up Montecito Heights with shipping-container home

    Living in used shipping containers decked out with chic furnishings is becoming fashionable nationwide, from woodlands to desert hilltops. But on a dusty hilltop in Montecito Heights, one such eco-home has reportedly become an eyesore — and the object of a potential criminal complaint. Rob Rhinehart,...

  • Obama administration moves to block health insurance mega-mergers

    Obama administration moves to block health insurance mega-mergers

    The Obama administration went to court Thursday to block two major health insurance mergers, siding with consumer advocates and medical groups worried that the consolidation of large national health plans could lead to higher premiums. The long-anticipated move by the Justice Department and attorneys...

  • American Girl hopes a pint-sized doll cures its multimillion-dollar problem

    Times have been tough for toymaker American Girl.  First, Queen Elsa from "Frozen" took the doll aisle by storm, icing out other players. Then, last year, American Girl spiffed up the marketing and packaging of some of its dolls, only to find it didn't drive store traffic like executives hoped....

  • Elon Musk's master plan for Tesla is long on vision, short on specifics

    Elon Musk's master plan for Tesla is long on vision, short on specifics

    You can’t call Elon Musk a short-term thinker. His “Master Plan – Part Deux” paints a shimmering future-scape filled with driverless zero-emission cars, buses and trucks; a dramatic decline in vehicle fatalities; homes and businesses that draw power from the sun and store it in batteries for later...

  • Dollar Shave Club built a billion-dollar brand with bizarre videos

    Dollar Shave Club built a billion-dollar brand with bizarre videos

    Gillette, the largest U.S. razor brand, has advertised its blades as cutting-edge technology with images of fighter jets and names such as Mach and Fusion. Dollar Shave Club, an industry upstart, has made ads featuring dancing bears and its chief executive describing his bodily functions. This...

  • Chipotle struggles to win back customers

    Chipotle struggles to win back customers

    Chipotle is acting out of character in its desperation to win back customers — a struggle that its most recent sales results indicate could be a long one.  Chipotle Mexican Grill Inc. said Thursday that its sales were down 23.6% during the second quarter as it fights to recover from a series of...

  • Stocks close lower, breaking record-setting win streak

    Stocks close lower, breaking record-setting win streak

    Stocks fell Thursday after a mixed set of earnings reports put at least a temporary halt to the market's record-setting run. Airlines had some of the sharpest drops on worries that falling fares will hurt their profits. The Dow Jones industrial average sank, breaking a nine-day winning streak,...

  • Cannabis tech accelerator opens in Southern California

    Cannabis tech accelerator opens in Southern California

    As Californians consider legalizing recreational marijuana use, a few entrepreneurs are already casting their vote in favor of the state’s cannabis industry. The group, called Canopy San Diego, is accepting applications for its pot-themed technology accelerator, a first for Southern California....

  • Wells Fargo-Amazon deal offers a discount on private student loans

    Wells Fargo-Amazon deal offers a discount on private student loans

    Wells Fargo & Co. is offering discounted interest rates on private student loans to Amazon.com customers, creating a partnership with the online retail giant at a time when private lenders are fighting for market share. "We are focused on innovation and meeting our customers where they are — and...

  • Airbnb taps former U.S. Atty. Gen. Eric Holder to curb discrimination

    Airbnb taps former U.S. Atty. Gen. Eric Holder to curb discrimination

    Facing backlash for discrimination on its platform, Airbnb Inc. has enlisted former U.S. Atty. Gen. Eric Holder to curb bias on the vacation rental service. In a Tuesday blog post announcing the move, company CEO and co-founder Brian Chesky expressed support for the Black Lives Matter movement...

  • Tesla's stock falls after Elon Musk reveals his 'master plan'

    Tesla's stock falls after Elon Musk reveals his 'master plan'

    After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his “master product plan” for Tesla on Wednesday evening. Or, as he calls it, “part deux.” In a blog post published on the automaker’s website, Musk introduced a multiyear, four-pronged strategy that includes new...

  • New warning rule for users of generic drugs is left in limbo

    New warning rule for users of generic drugs is left in limbo

    Five years after the Supreme Court blocked most personal-injury lawsuits against makers of generic drugs, a rule designed to strengthen patient protections have stalled, leaving what consumer groups warn is a safety gap for millions of users. After several delays, the Food and Drug Administration...

  • The Muggles are coming: Harry Potter boosted attendance at Universal Studios, apps show

    The Muggles are coming: Harry Potter boosted attendance at Universal Studios, apps show

    The magic of Harry Potter has boosted attendance at Universal Studios theme parks across the country, with millennials in particular falling under the spell of the boy wizard.  That is the main conclusion from a study of foot traffic data collected by Foursquare, the tech company known for social...

  • Do jobs numbers indicate the strength of California's economy? Not really

    Do jobs numbers indicate the strength of California's economy? Not really

    On Friday, California will release its monthly jobs report, which will say something about the health of the state’s economy. What it’s saying, exactly, may not be clear. Every time the state releases jobs numbers, reporters (including this one) scramble to digest them and offer some context. But...

  • European Central Bank keeps interest rates at record low

    European Central Bank keeps interest rates at record low

    The European Central Bank left its key interest rates unchanged at record lows on Thursday as it assesses the impact on the economy of Britain's vote to leave the European Union. ECB President Mario Draghi is expected to use his post-decision news conference to underline the bank's willingness...

  • Automakers join forces on hacking, cyber security threats

    Automakers join forces on hacking, cyber security threats

    Automakers are sharing information on cyber security threats and working together on ways to respond when hackers strike, under guidelines being developed by the industry. Nearly all companies that sell cars and trucks in the U.S. have joined the Automotive Information Sharing and Analysis Center....

  • Controversy over Tesla 'autopilot' name keeps growing

    Controversy over Tesla 'autopilot' name keeps growing

    What’s in a name? For Tesla’s driver-assist system “autopilot,” plenty of controversy. Some of the most enthusiastic proponents of autonomous vehicles and features are worried that autopilot — not the technology itself, but the very name, which some find misleading — might slow down the evolution...

  • As PCs decline, Microsoft is betting its future on the cloud

    As PCs decline, Microsoft is betting its future on the cloud

    In a world where there's a smartphone app for everything, one company — Amazon.com Inc. — has long been the host for an outsized share of online software and computing services. Microsoft Corp. Chief Executive Satya Nadella wants to change that. Nadella has poured billions of dollars into building...

  • Is 'Pokemon Go' catching all your monthly data? Congress wants to know.

    Is 'Pokemon Go' catching all your monthly data? Congress wants to know.

    Three House lawmakers have written to the chief executive of Niantic Inc. questioning the effect of the company’s blockbuster “Pokemon Go” app on consumers’ mobile data usage. “Users have reported maxing out their their monthly data usage plans within a week of playing and have complained of eating...

  • AB InBev says SABMiller acquisition is on track for U.S. approval

    AB InBev says SABMiller acquisition is on track for U.S. approval

    Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department clearing the way for U.S. approval of its acquisition of SABMiller. AB InBev, the Belgium-based maker of Budweiser and Bud Light, says it will sell SABMiller's...

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