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  • L.A. longshoreman sentenced to 41 months for bilking union healthcare plan

    L.A. longshoreman sentenced to 41 months for bilking union healthcare plan

    A San Pedro dockworker who was convicted last year of bilking a union healthcare plan out of more than $200,000 has been sentenced to more than three years in federal prison. David Gomez, 53, a member of the International Longshore and Warehouse Union Local 13, will serve a 41-month sentence and...

  • California Inc.: A lucrative 'Joshua Tree' to grow in Pasadena

    California Inc.: A lucrative 'Joshua Tree' to grow in Pasadena

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week. On Friday, we learned that auto buying and online shopping rose in December. The spending...

  • Weinstein Co. serves up 'The Founder' amid smaller film slate and shift to TV

    Weinstein Co. serves up 'The Founder' amid smaller film slate and shift to TV

    In Weinstein Co.'s "The Founder," opening nationwide this week, McDonald's executive Ray Kroc (Michael Keaton) uses strong-arm tactics to wring gold from the golden arches, turning them into a ubiquitous symbol of American success. But in the process, he alienates associates and burns his share...

  • Lockheed Martin CEO tells Trump the cost of F-35 will be 'significantly' lower

    Lockheed Martin CEO tells Trump the cost of F-35 will be 'significantly' lower

    For the second time in a few weeks, an aerospace giant emerged from a meeting with President-elect Donald Trump with news that the cost of a big-ticket program could be cut. It was the latest sign that defense contractors may have to play a new game when it comes to contract negotiations. On Friday, Lockheed...

  • What to expect in the workplace in 2017

    What to expect in the workplace in 2017

    Like so many things for the year ahead, changes probably are coming to the workplace. We asked several human resources experts and employment lawyers what they think we'll be talking about regarding compensation, benefits and how bosses manage their people. Some predictions: More companies will...

  • Seven steps to improve your finances in 2017

    Seven steps to improve your finances in 2017

    The new year is a great time to take a fresh look at your finances. Ready for a boost in 2017? Here are seven steps to give you a running start. 1. Know your credit score Your credit rating not only affects whether you can get approved for future credit, but it also may factor into the fees you...

  • TaskUs co-founder Bryce Maddock provides helping hands for tech start-ups

    TaskUs co-founder Bryce Maddock provides helping hands for tech start-ups

    The gig: Bryce Maddock, 30, is co-founder and chief executive of TaskUs, a Santa Monica company that describes itself as “a progressive, new-age outsourcer” that handles customer service, call-center operations and other functions for start-ups as well as established firms. Revenue reached $80...

  • Are American Airlines uniforms safe? The manufacturer steps into the fray

    Are American Airlines uniforms safe? The manufacturer steps into the fray

    The uniform tussle at the world’s largest airline is getting its combatants hot under the collar. In the latest wrinkle, the manufacturer of the uniforms, Twin Hill, fired off a letter this week, declaring that the uniforms it shipped to American Airlines workers are safe to wear. The controversy...

  • Wi-Fi available on 83% of U.S. airline seats

    Wi-Fi available on 83% of U.S. airline seats

    Your chance of getting the Internet on a U.S. airline has jumped to 83%, up from about 74% in 2015. But if you fly on foreign carriers , your chances of connecting to the Internet from the cabin drop to only 28%. Those are some of the findings from a report by Routehappy, a New York company that...

  • Michael Lynton to step down as CEO of Sony Entertainment

    Michael Lynton to step down as CEO of Sony Entertainment

    Michael Lynton, who led Sony Pictures Entertainment through a massive cyberattack and a period of mounting struggles at the box office, is leaving his job. Lynton, 57, who has held the top spot at the Culver City movie and television studio for 13 years, will step down as Chief Executive of Sony...

  • California farm labor board chairman quits in anger

    California farm labor board chairman quits in anger

    William B. Gould IV, California Gov. Jerry Brown’s appointee to lead the board charged with protecting the rights of the state’s farmworkers, announced his resignation Friday, accusing the state bureaucracy of stalling one of his key proposals. Gould, appointed by Brown to chair the Agricultural...

  • Wells Fargo quarterly earnings fall in wake of bogus-accounts scandal

    Wells Fargo quarterly earnings fall in wake of bogus-accounts scandal

    Wells Fargo & Co. on Friday reported a 6% drop in fourth-quarter profit in the wake of a scandal over its employees creating as many as 2 million accounts without customer authorization. Earnings at the San Francisco-based bank, the nation’s third-largest, came in below analysts’ estimates as Wells...

  • Solid bank earnings push stocks mostly higher

    Solid bank earnings push stocks mostly higher

    Banks led U.S. stock indexes mostly higher Friday, propelling the Nasdaq composite index to its fourth record high this week. Investors welcomed quarterly earnings from JPMorgan Chase, Bank of America and Wells Fargo, all of which reported results that exceeded Wall Street's expectations. Financial...

  • France investigating Renault on suspicion of emissions fraud

    France investigating Renault on suspicion of emissions fraud

    French authorities are investigating carmaker Renault in connection with suspected fraud in its diesel emissions controls, denting the company's share price as the global fallout spreads from revelations of emissions cheating at Volkswagen.  Renault insisted Friday that its cars are not equipped...

  • Takata agrees to plead guilty and pay $1 billion for hiding air bag defect

    Takata agrees to plead guilty and pay $1 billion for hiding air bag defect

    Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators. The U.S. attorney’s office in Detroit announced the deal Friday, hours after it unsealed a...

  • For millennials, financial security may be out of reach, research suggests

    For millennials, financial security may be out of reach, research suggests

    Millennials are on shaky ground, struggling to gain the same financial security afforded to their parents, new data analysis suggests. When baby boomers were young adults, their net worth was double that of today’s young people, who earn $10,000 less than their counterparts did in 1989, according...

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