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  • Durable goods orders jump 1.8% due to demand for military, commercial aircraft

    Durable goods orders jump 1.8% due to demand for military, commercial aircraft

    U.S. businesses in January boosted their orders for long-lasting manufactured goods by the largest amount in three months, but a key category that tracks business investment plans slipped.  Orders for durable goods rose 1.8% in January after two months of declines, the Commerce Department said...

  • California Inc.: A new era is ready for takeoff at LAX

    California Inc.: A new era is ready for takeoff at LAX

    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. Trading resumes Monday with dark clouds over the retail sector. J.C. Penney said Friday...

  • Why the stock market has climbed to record highs despite Trump uncertainty

    Why the stock market has climbed to record highs despite Trump uncertainty

    It’s often said the stock market hates uncertainty, so one might assume Wall Street would be very skittish about President Trump. Far from it, at least for now. Stock prices have continued setting record highs as investors brushed aside Trump’s controversial policy actions in his first month in...

  • When the landlord wants to remodel but the tenant doesn't want to leave, who wins?

    When the landlord wants to remodel but the tenant doesn't want to leave, who wins?

    Question: My landlord told me in a letter that they were planning to remodel my kitchen and bath and that I would have to vacate for two weeks while the work is done. My family can’t afford a hotel, and we don’t have family in the area that can put us up for two weeks. Can my landlord force us...

  • The new reverse mortgage is safer but still expensive

    The new reverse mortgage is safer but still expensive

    Dear Liz: If you have never written about the new reverse mortgages, please consider it. I’m nearly 90 and this Home Equity Conversion Mortgage sounds too good to be true. Is it? I’ve talked to a broker and a direct lender and attended a two-hour seminar on the subject. Answer: Reverse mortgages...

  • Her brand helps others brand themselves: The design maven who helped name TiVo and Kindle

    Her brand helps others brand themselves: The design maven who helped name TiVo and Kindle

    The gig: Karin Hibma, 65, is co-founder and principal of brand-strategy consulting firm Cronan, based in Berkeley, and is best known for coming up with the names for TiVo and Amazon’s Kindle. Cronan has done work for Apple, Levi Strauss, Estee Lauder and many others. Hibma and her team plumb a...

  • United and American Airlines to board basic economy passengers last

    United and American Airlines to board basic economy passengers last

    To better complete with ultra low-cost carriers, United and American Airlines this week began selling their new “basic economy” seats, a bare-bones fare with almost no extras included. Not only will the airlines allow no cancellations, upgrades or refunds for basic economy passengers, but the carriers...

  • Are the president's policies hurting the Trump hotels?

    Are the president's policies hurting the Trump hotels?

    Since President Trump took office, controversy over some of his policies has triggered noisy protests and rallies in front of hotels emblazoned with the Trump name. It is uncertain if the rallies and protests have hurt business at Trump hotels but online travel sites that book Trump hotels have...

  • Can an HOA palm off responsibility for maintaining common-area greenery?

    Can an HOA palm off responsibility for maintaining common-area greenery?

    Question: We own a detached single-family home in a common interest development and are in a difficult situation with the board.  Our water bills have been going way up over the years and we just discovered that the association’s shrubs outside our property walls are being watered from our home...

  • 4 credit card trends for 2017 and what they mean for you

    4 credit card trends for 2017 and what they mean for you

    In 2016, high-end credit cards attracted a lot of attention with generous rewards and perks. But this year, issuers are going back to basics — and perhaps charging you more in the process. Here are four credit card industry trends taking shape for 2017. 1. More bread-and-butter rewards Instead...

  • Why Snapchat's unprecedented real estate strategy in Venice could be tech's new standard

    Why Snapchat's unprecedented real estate strategy in Venice could be tech's new standard

    A tech start-up based in Los Angeles rather than Silicon Valley. A mobile app that built its appeal by deleting photos and messages. Vertical video in a widescreen world. Snapchat, the popular photo and video messaging app, has broken the mold in many ways. Now, with parent company Snap Inc.’s...

  • Universal Studios Hollywood raises gate ticket prices

    Universal Studios Hollywood raises gate ticket prices

    About a week after Disneyland raised its ticket prices, Universal Studios Hollywood hiked attendance prices an extra $5 per visitor. The daily ticket price at the gate rose to $120 from $115, on top of increases adopted last year of up to 20%. Universal Orlando also raised prices over the weekend...

  • Uber's bad month keeps getting worse

    Uber's bad month keeps getting worse

    Nobody wants to be Uber right now. In the past month, the San Francisco ride-hailing firm faced a customer boycott and sexual harassment allegations, which have devastated employee morale and steered users away from the service. Then it was slapped with a lawsuit Thursday, in which Waymo — Google’s...

  • Oscars red carpet:`The gravy train is over' for TV stations and networks

    Oscars red carpet:`The gravy train is over' for TV stations and networks

    A spot on the Oscars’ red carpet now comes with a price. For the first time, the Academy of Motion Picture Arts and Sciences is charging a license fee to TV stations and networks that broadcast live shows with interviews of movie stars on the red carpet before Sunday’s 89th Academy Awards telecast....

  • Big new convention center hotel proposed for downtown L.A.

    Big new convention center hotel proposed for downtown L.A.

    A towering 1,024-room hotel will rise next to the Los Angeles Convention Center a few years from now if developer TriCal Construction Inc. gets its way. TriCal filed a development application with city officials Thursday to build a 53-story skyscraper across Figueroa Street from the convention...

  • U.S. stocks rally to set another record after slow start due to investor jitters

    U.S. stocks rally to set another record after slow start due to investor jitters

    A late push helped U.S. stocks finish higher Friday after indexes spent most of the day lower. There was far more selling than buying on Wall Street overall, but the Dow Jones industrial average managed to extend its winning streak to an 11th day and set another all-time high. Energy companies...

  • The luxury housing that Measure S would stop doesn’t actually require many evictions

    The luxury housing that Measure S would stop doesn’t actually require many evictions

    Eve Hars, undergoing chemotherapy for Stage 3 breast cancer, was facing eviction. A developer had purchased her rent-controlled Echo Park bungalow to level it and build new housing. Hars recounted her story in a recent campaign ad paid for by supporters of Measure S, the March 7 ballot measure...

  • Lockheed will move 650 missile jobs away from Sunnyvale

    Lockheed will move 650 missile jobs away from Sunnyvale

    Lockheed Martin will move 650 jobs in the legendary Trident missile program from Sunnyvale, Calif., to other states, the defense contractor said Thursday. The affected employees work for the Fleet Ballistic Missile Program, which designs and engineers nuclear missiles for the nation's submarine...

  • L.A. Drives: Glamorous Bentley convertible deserves cushy cruise along Mulholland

    L.A. Drives: Glamorous Bentley convertible deserves cushy cruise along Mulholland

    The controversial engineer William Mulholland designed the Los Angeles Aqueduct, brought water south from the Owens Valley and turned a desert into a garden. His legacy gave us the plot of the movie “Chinatown,” a beautiful fountain in Los Feliz and a highway that runs across the ridge separating...

  • See a layoff through, or see yourself out?

    See a layoff through, or see yourself out?

    Question: My company has decided to close several of our branch offices this year. I'm an IT manager; my job and half of my team's jobs will be eliminated when our office closes in the fall. We've been offered severance, and some folks have been offered retention bonuses to stay until the bitter...

  • J.C. Penney to close 130 to 140 stores and offer early retirement to 6,000 workers

    J.C. Penney to close 130 to 140 stores and offer early retirement to 6,000 workers

    J.C. Penney said Friday it will be closing 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping. The closures represent 13% to 14% of the department store operator's current store count, and less than...

  • Jaguar F-Pace: A luxury SUV joins a crowded field

    Jaguar F-Pace: A luxury SUV joins a crowded field

    How I pity the luxury SUV shopper. The market is flooded with well-designed, well-built, upscale cars. Between the options offered by BMW, Audi, Lexus, Acura, Porsche, Mercedes-Benz and others, every aspirational car company has a suitable SUV for sale. On the lower end, Volkswagen and Subaru are...

  • When tech companies go public, employees can strike it rich — or not. And then the trouble starts

    When tech companies go public, employees can strike it rich — or not. And then the trouble starts

    Five years ago when Facebook went public, employees of the social network were glued to office televisions airing CNBC, waiting for the company’s trading price. “Everyone was hoping for a pop,” said Dan Fletcher, a former Facebook employee, referring to the spike in stock price that some companies...

  • Nasty Gal, once a fashion world darling, is now bankrupt. What went wrong?

    Nasty Gal, once a fashion world darling, is now bankrupt. What went wrong?

    By 2012, Nasty Gal was a fashion world success story, growing from an Ebay store to nearly $100 million in sales in just six years. Founder and Chief Executive Sophia Amoruso was Nasty Gal’s best model, embodying the Los Angeles company’s edgy-and-feminine aesthetic and attracting flurries of laudatory...

  • Google spinoff Waymo accuses Uber of self-driving car theft

    Google spinoff Waymo accuses Uber of self-driving car theft

    Waymo, a self-driving car company founded by Google, is colliding with ride-hailing service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a...

  • Disney cuts about 80 jobs in digital media unit that includes Maker Studios

    Disney cuts about 80 jobs in digital media unit that includes Maker Studios

    Walt Disney Co. is laying off about 80 employees in its digital media unit that includes Maker Studios, according to a person at the company not authorized to comment publicly. The layoffs affect people in various roles at Maker, the Culver City-based digital studio, including some in support positions....

  • Stocks end mixed as investors seek safety

    Stocks end mixed as investors seek safety

    Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall Street focused on gold, bonds and companies that pay big dividends. Construction equipment, transportation...

  • Ghosn steps aside as Nissan CEO to focus on 3-automaker alliance

    Ghosn steps aside as Nissan CEO to focus on 3-automaker alliance

    Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan Motor Co. to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as the automaker’s chairman. Saikawa will become chief executive at Nissan — based in Yokohama, Japan —...

  • Qualcomm, Microsoft and Airbus invest in Santa Monica drone software start-up AirMap

    Qualcomm, Microsoft and Airbus invest in Santa Monica drone software start-up AirMap

    The venture capital arms of Qualcomm Inc., Microsoft Corp. and Airbus have led a $26-million investment in AirMap, the builder of drone air traffic management software announced Thursday. The Santa Monica start-up, which opened its first office in 2015, builds technology that tracks air traffic,...

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