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  • Unpaid internships are back, with the Labor Department's blessing

    Unpaid internships are back, with the Labor Department's blessing

    The U.S. Labor Department rolled out new guidelines this month that make it easier for companies that want to hire interns but don’t want to pay them. The new rules establish a “primary beneficiary test” that ratifies programs that help the intern more than the company. Seven factors determine...

  • Wells Fargo reports big tax savings — and big costs for investigations, lawsuits

    Wells Fargo reports big tax savings — and big costs for investigations, lawsuits

    The GOP tax overhaul saved Wells Fargo & Co. more than $3 billion in the fourth quarter, but the bank also set aside more than $3 billion to cover costs related to ongoing problems with its consumer businesses, the company reported Friday. In its earnings release for the fourth quarter and full...

  • Jeff Bezos gives 'Dreamers' $33 million to pay for college

    Jeff Bezos gives 'Dreamers' $33 million to pay for college

    ​​​​Amazon founder Jeff Bezos and his wife, MacKenzie Bezos, donated $33 million to fund 1,000 scholarships for Dreamers, immigrants who were brought to the United States illegally as children. The money will go to TheDream.US, the largest scholarship program for Dreamers. Each student receives...

  • Stocks keep jumping, led by retailers

    Stocks keep jumping, led by retailers

    Rising retailers pushed U.S. stock indexes further into record territory Friday, as the market's fabulous start to 2018 carried through its second week. Interest rates also climbed after a report showed that a key component of inflation accelerated last month. But stocks absorbed the gains without...

  • Once-soaring Mexican discount airline Interjet is now in a stall

    Once-soaring Mexican discount airline Interjet is now in a stall

    In cavernous jet hangars in and around Mexico City, Interjet has a secret. Four of the Mexican airline’s Sukhoi Superjet 100s — out of a fleet of 22 — have been grounded for at least five months because of engine maintenance delays. The Russian-made aircraft, which average just 4 years old, are...

  • New San Onofre deal reached between utilities, consumer groups

    New San Onofre deal reached between utilities, consumer groups

    More than three years after state regulators permitted Southern California Edison and San Diego Gas & Electric to start charging consumers billions of dollars for the failure of the San Onofre nuclear plant, utility executives and consumer advocates appear to have settled a long-running dispute...

  • Republicans predict paychecks will grow as IRS issues new tax withholding guidelines

    Republicans predict paychecks will grow as IRS issues new tax withholding guidelines

    Workers who are up for a tax cut should start seeing bigger paychecks in the coming weeks, now that the Internal Revenue Service has released guidance for employers about how much tax they should withhold from employees’ take-home pay in 2018. Companies have been awaiting details from the IRS since...

  • Dropbox has filed for IPO confidentially, sources say

    Dropbox has filed for IPO confidentially, sources say

    Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering, people familiar with the matter said. Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the potential listing, according to the people, who asked not to be...

  • Bitcoin prices drop as South Korea considers banning cryptocurrency exchanges

    Bitcoin prices drop as South Korea considers banning cryptocurrency exchanges

    Bitcoin slumped to its lowest level since Christmas Day as South Korea’s justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a crackdown will erode demand for digital coins in one of the world’s biggest markets. The minister’s comments to reporters...

  • Downtown L.A.'s development boom heads west with a big new housing and retail complex

    Downtown L.A.'s development boom heads west with a big new housing and retail complex

    A large-scale residential and hotel complex will be proposed for the former headquarters campus of the Metropolitan Water District on Sunset Boulevard as Los Angeles’ development boom expands into blocks just northwest of downtown. The $600-million project, called 1111 Sunset, would include high-rise...

  • Judge denies injunction to remove Mick Mulvaney as consumer bureau's acting director

    Judge denies injunction to remove Mick Mulvaney as consumer bureau's acting director

    A federal judge on Wednesday denied a request for a preliminary injunction to remove Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The judge sided with Mulvaney — President Trump’s budget director and choice for the interim position — over Leandra English, the agency’s...

  • China might make it harder for U.S. to pay for Trump's tax cuts

    China might make it harder for U.S. to pay for Trump's tax cuts

    China could make it harder for U.S. Treasury Secretary Steven Mnuchin to finance budget deficits brought on by President Trump’s tax cuts. Chinese officials reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries. Although it’s not clear...

  • Lawmakers look into SpaceX launch that ended with lost satellite

    Lawmakers look into SpaceX launch that ended with lost satellite

    Lawmakers said they will receive classified briefings on a secret U.S. government satellite that apparently crashed into the sea after it was launched by Elon Musk’s SpaceX. “The first statement by SpaceX was that the failure to achieve orbit was not theirs,” so there’s no reason so far to question...

  • Stocks edge down, ending their new year's rally, after Treasury yields rise

    Stocks edge down, ending their new year's rally, after Treasury yields rise

    The stock market's fantastic start to 2018 stalled Wednesday after real estate companies and other dividend payers sank on concerns about rising interest rates. The losses knocked indexes a bit off their record highs and provided the first minor hiccup for a market that had climbed six straight...

  • Got batteries? Power outage stalls giant tech show in Las Vegas

    Got batteries? Power outage stalls giant tech show in Las Vegas

    What happens to all those internet-connected refrigerators, robots and other devices when the power goes out? Thousands of people attending the world's biggest consumer technology show got a chance to test the battery life of the latest gadgets Wednesday when some showrooms and hallways went dark...

  • Canadian officials see rising odds that Trump will leave NAFTA

    Canadian officials see rising odds that Trump will leave NAFTA

    Canadian government officials say there’s an increasing likelihood that U.S. President Trump will give six-months’ notice to withdraw from NAFTA. The officials, speaking Wednesday on the condition that they not be identified, declined to say whether they now think the likelihood of Trump following...

  • Diet Coke gets a new look and new flavors as its sales shrink

    Diet Coke gets a new look and new flavors as its sales shrink

    Diet Coke is getting a makeover to try to invigorate the sugar-free soda's slumping sales. Coca-Cola Co. said Wednesday that it's making its 12-ounce Diet Coke can taller and slimmer, updating the logo and offering the 35-year-old drink in four new flavors: mango, cherry, ginger lime and blood...

  • L.A. County sets another tourism record with 48.3 million visitors last year

    L.A. County sets another tourism record with 48.3 million visitors last year

    For the seventh straight year, Los Angeles County has set a record for drawing big-spending tourists. The county hosted 48.3 million visitors in 2017, a 2.2% increase over the record 47.3 million tourists in 2016, according to Los Angeles Mayor Eric Garcetti, who announced the fresh record during...

  • S&P 500 keeps climbing as calm continues to reign for stocks

    S&P 500 keeps climbing as calm continues to reign for stocks

    Stocks pushed further into record territory Tuesday, and the Standard & Poor's 500 index's immaculate start to the year extended to a sixth day. Healthcare stocks and banks led the way as calm continued to reign over markets around the world. The strong gains overshadowed weakness for dividend-paying...

  • JPMorgan CEO regrets calling bitcoin a fraud, and Kodak announces its own cryptocurrency

    JPMorgan CEO regrets calling bitcoin a fraud, and Kodak announces its own cryptocurrency

    Jamie Dimon is having second thoughts about wading into the bitcoin controversy. The JPMorgan Chase & Co. chief executive, who earlier called the cryptocurrency a “fraud,” said Tuesday that he wishes he hadn’t dismissed the technology in such broad terms. “I regret making” those comments, Dimon...

  • Who's picking your food? A record number of foreign laborers

    Who's picking your food? A record number of foreign laborers

    Recruiters in California’s wine country have been known to drive two hours to Stockton to find farmworkers. Vineyard manager Chris Bowland went nearly 2,000 miles farther last year — to small villages in the Mexican state of Michoacan, where he recruited a dozen agricultural guest workers under...

  • Delta and American Airlines return to using catering company at LAX after listeria discovery

    Delta and American Airlines return to using catering company at LAX after listeria discovery

    Two of the world’s biggest airlines have resumed using a catering company that had been found to have listeria at its food preparation facility at Los Angeles International Airport. About two months after cutting off some food service provided by Gate Gourmet at LAX, Delta Air Lines and American...

  • Fisker at CES: A $130,000 electric sedan and a radical new battery technology

    Fisker at CES: A $130,000 electric sedan and a radical new battery technology

    Henrik Fisker, the Los Angeles car designer and automobile entrepreneur, is best known for his long, flowing, smoothly muscular creations, from the BMW Z8 to the Aston-Martin V8 Vantage to the Fisker Karma. His own companies have achieved less success than he’d like. His previous electric-car company,...

  • Secret spy satellite may be lost after SpaceX launch

    Secret spy satellite may be lost after SpaceX launch

    A highly classified spy satellite appears to have been lost after its launch from Cape Canaveral Air Force Station in Florida aboard a SpaceX rocket Sunday, the Wall Street Journal reported. Asked to comment, Hawthorne-based SpaceX issued a statement Monday afternoon: “We do not comment on missions...

  • Chinese gaming company buys remaining stake of Grindr

    Chinese gaming company buys remaining stake of Grindr

    After purchasing a majority stake in Grindr last year, ​​​​​​a Chinese gaming company has acquired the rest of the dating app for gay men from its founder Joel Simkhai, the West Hollywood company announced Friday. Kunlun Group Limited said in May that it planned to purchase the remaining stake...

  • Stocks continue their strong start to 2018

    Stocks continue their strong start to 2018

    The stock market's perfect start to the year rolled on, and the Standard & Poor's 500 index shook off a bit of weakness Monday to advance further into record territory. Stocks slipped in early trading, and the S&P 500 appeared to be on pace for its first down day of the year. But accelerating gains...

  • Retail workers' jobs are transforming as shoppers' habits change

    Retail workers' jobs are transforming as shoppers' habits change

    With new options and conveniences, there's never been a better time for shoppers. As for workers — well, not always. The retail industry is being radically reshaped by technology, and nobody feels that disruption more starkly than 16 million American shelf stockers, salespeople, cashiers and other...

  • Why setting up a living trust may be wise, especially in California

    Why setting up a living trust may be wise, especially in California

    Dear Liz: Is there a minimum amount of assets required before a revocable living trust is advisable? I am retired but my wife is still working. If we do not include our 401(k) plans, our total liquid assets (my wife’s monthly salary, my monthly Social Security benefit and my pension check) are...

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  • Make holiday shopping for your clients easy this year

    Make holiday shopping for your clients easy this year

    The holidays are known as the most wonderful time of the year, but they're also a great opportunity for reflection, particularly in a business setting. This is the time of year when you can look back on the last 12 months and appreciate everyone who helped make the year a success for your business....

  • Small businesses have struggled to find funding: Not anymore

    Small businesses have struggled to find funding: Not anymore

    In business, dreams are easy. Finding the money to make them happen, however, can be difficult. Even established, successful businesses can get turned away for loans at banks. This was the case for Sole Bicycles, a popular maker of stylish, high-performance bikes based in Venice Beach, California....

  • 5 big changes for today's small businesses

    5 big changes for today's small businesses

    A generation ago, the notion of a small business owner meant something very different. You pictured a person who owned their own storefront, often named after themselves, and every day they were the first to arrive and the last to leave. They worked tirelessly for their customers, and their reward...

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