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  • South Korean court declares Hanjin bankrupt

    South Korean court declares Hanjin bankrupt

    A South Korean court has declared Hanjin Shipping Co. bankrupt, about six months after the struggling shipper first filed for bankruptcy. The Seoul Central District Court said Friday it had appointed a bankruptcy administrator and that claims by creditors are due May 1, according to Reuters. The...

  • Take a cue from Tom Brady. Resilience on the job can pay big rewards

    Take a cue from Tom Brady. Resilience on the job can pay big rewards

    More than 111 million people watched the biggest comeback in Super Bowl history when the New England Patriots scored 31 unanswered points to beat the Atlanta Falcons in overtime. It would have been easy for the Patriots to give up and begin thinking about some well-deserved time off. But what we...

  • Molina Healthcare stock dives on 'clearly unacceptable' earnings

    Molina Healthcare stock dives on 'clearly unacceptable' earnings

    Molina Healthcare Inc. shares plunged Thursday, the day after the Long Beach insurer said losses related to its participation in the Affordable Care Act marketplace led to “clearly unacceptable” earnings for 2016.  The stock dived $10.71, or 17.9%, to $49.18. The insurer reported after the close...

  • Stocks slow down after a record-setting run

    Stocks slow down after a record-setting run

    The Standard & Poor's 500 index slipped Thursday — breaking a seven-day winning streak, its longest in 3½ years — though it remains a nudge away from its record high. It was part of a pause for stock markets around the world, which have been on a torrid run thanks to an improving economy, stronger...

  • How much money Snap's existing shareholders could reap in the IPO

    How much money Snap's existing shareholders could reap in the IPO

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap Feb. 16, 2017, 12:27 p.m. Snapchat app maker Snap Inc. filed papers Feb. 2 to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates...

  • Snap's roadshow schedule: 7 cities in 2 weeks

    Snap's roadshow schedule: 7 cities in 2 weeks

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap Feb. 16, 2017, 12:27 p.m. Snapchat app maker Snap Inc. filed papers Feb. 2 to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates...

  • L.A., meet EV: New partnership will enable Angelenos to borrow Bolt EV electric cars

    L.A., meet EV: New partnership will enable Angelenos to borrow Bolt EV electric cars

    General Motors’ Maven ride-sharing service has partnered with the city of Los Angeles to enable Angelenos and tourists to borrow Bolt EV electric cars to get around town.  The partnership, announced Thursday morning at a Union Station ceremony, will put 100 of GM’s Bolt EV all-electric sedans into...

  • CBS reports quarterly loss following pension settlement

    CBS reports quarterly loss following pension settlement

    CBS Corp. beat Wall Street expectations for its fourth quarter results as the big broadcaster begins to unwind its radio station business — a divestiture that will make the company less reliant on advertising revenue.  “We turned in another great quarter and another terrific year at the CBS Corp.,”...

  • Bond yields rise; stocks climb again to new records

    Bond yields rise; stocks climb again to new records

    Stocks and bond yields punched higher Wednesday, and U.S. indexes set records again, after more encouraging news on the nation’s economy. The Standard & Poor's 500 index rose 11.67 points, or 0.5%, to 2,349.25. It's the seventh straight gain for the index and its longest winning streak in 3½ years....

  • Cigna moves to terminate merger with Anthem and seeks $14.8 billion

    Cigna moves to terminate merger with Anthem and seeks $14.8 billion

    Health insurer Cigna Corp. announced Tuesday that it will unilaterally terminate its $54-billion merger agreement with Anthem Inc. after a federal judge rejected the deal. The news came hours after insurance giants Aetna Inc. and Humana Inc. announced a mutual decision to abandon their $37-billion...

  • Bank stocks’ jump pushes U.S. indexes higher; bond yields rise

    Bank stocks’ jump pushes U.S. indexes higher; bond yields rise

    Bank stocks jumped Tuesday on hopes that bigger profits are ahead, and U.S. indexes again climbed to record highs. Stocks had been mostly lower when the day's trading began, but indexes reversed course after Federal Reserve chief Janet Yellen told a Senate committee that the central bank could...

  • Yellen hints at rate hike next month while noting uncertainty in economic outlook

    Yellen hints at rate hike next month while noting uncertainty in economic outlook

    Federal Reserve Chairwoman Janet L. Yellen on Tuesday painted a largely upbeat picture of the economy, telling lawmakers that somewhat faster wage growth is in store for workers, even as she signaled that the central bank would consider raising interest rates as early as next month. Most analysts...

  • Matt Damon's 'Great Wall' poised for soft U.S. opening against 'Lego Batman' and 'Fifty Shades'

    Matt Damon's 'Great Wall' poised for soft U.S. opening against 'Lego Batman' and 'Fifty Shades'

    They’re both box-office successes, they’re both sequels, and they both feature reclusive billionaires with outsized egos. But that’s pretty much where the similarities end between “The Lego Batman Movie” and “Fifty Shades Darker,” which are poised for a box-office rematch during the upcoming Presidents...

  • Lost luggage rates hit record low and canceled flights drop to 22-year low

    Lost luggage rates hit record low and canceled flights drop to 22-year low

    U .S.-based airlines last year had the lowest rate of lost luggage, canceled flights and passengers getting bumped off overbooked planes in decades, the U.S. Department of Transportation reported Tuesday. But the number of discrimination complaints from passengers rose sharply in 2016 compared...

  • 'xXx: The Return of Xander Cage' dominates China's box office

    'xXx: The Return of Xander Cage' dominates China's box office

    Vin Diesel’s “xXx: The Return of Xander Cage” dominated China’s box office last week, as foreign films regained their strength after a temporary ban during the Lunar New Year holiday. The Hollywood action film opened Friday with $20.3 million in ticket receipts, almost three times the size of its...

  • Fed chair signals more interest rate hikes are coming

    Fed chair signals more interest rate hikes are coming

    Federal Reserve Chairwoman Janet L. Yellen, in her semiannual report to Congress, on Tuesday painted a largely bright picture of the economy and signaled that the central bank would consider raising interest rates next month. Most analysts are not looking for a Fed rate hike until June, and Yellen...

  • Rare Jaguar XKSS to be offered at Amelia Island

    Rare Jaguar XKSS to be offered at Amelia Island

    If you like British sports cars, and you are going to Amelia Island, Fla., for the upcoming car auctions, bring a big wallet. Santa Monica auction house Gooding & Co. will be offering an extremely rare 1957 Jaguar XKSS, one of only 16 known to exist, and the first one to appear at public auction...

  • Anchor Josh Elliott is out at CBS News

    Anchor Josh Elliott is out at CBS News

    Josh Elliott is out at CBS News on Monday after less than a year in the anchor chair at its digital news channel, sources say. The circumstances of the dismissal are related to his handling of his expected move to a higher profile role at CBS News, according to two people familiar with the matter...

  • Stocks climb again to new all-time highs

    Stocks climb again to new all-time highs

    Stocks around the world continued their upward march Monday, and U.S. indexes again hit new highs. Strong gains for Citigroup and other financial stocks helped the Standard & Poor's 500 index rise 12.15 points, or 0.5%, to 2,328.25. It's the third straight day that the index has set a record. The...

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