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Trump slaps tariff on Canadian softwood lumber 

The Trump administration moved Monday to impose a 20% tariff on softwood lumber entering the United States from Canada, escalating an intensifying trade dispute between the two countries. The president announced the decision during a gathering with conservative media outlets at the White House...

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  • California Inc.: It's crunch time for Wells Fargo's board of directors

    California Inc.: It's crunch time for Wells Fargo's board of directors

    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. There’s a bit more sunshine in the Golden State now that we know California piled on 19,300...

  • Is Wells Fargo's board to blame? Shareholders will weigh in this week

    Is Wells Fargo's board to blame? Shareholders will weigh in this week

    Top corporate bosses who failed to change a flawed system before it went out of control. Mid-level executives who pushed workers too far. Bank regulators who for years were blind to warning signs. Over the past few months, there’s been plenty of blame to go around for the widespread misdeeds of...

  • 7 reasons short sellers are betting against Tesla

    7 reasons short sellers are betting against Tesla

    Short sellers are betting against Tesla and Elon Musk. Here's seven reasons why.

  • 7 reasons short sellers are betting against Tesla

    7 reasons short sellers are betting against Tesla

    A high-end Tesla Model S can rocket from zero to 60 mph in 2.27 seconds. But can the electric car maker itself accelerate from producing 80,000 autos a year to 500,000 in 2018? A million in 2020? Can it make money in the process? Short sellers are betting big on no. It’s a dangerous bet. Here’s...

  • How a short sale can short-circuit your credit score

    How a short sale can short-circuit your credit score

    Dear Liz: In 2010 I was laid off from my construction management position. I was unable to find work for 28 months. The bank tried to foreclose but I was able to arrange a short sale of my home in March 2012. Shortly after that, my unemployment benefits ran out and I was unable to pay my obligations...

  • Trump's travel ban may be keeping honeymooners closer to home

    Trump's travel ban may be keeping honeymooners closer to home

    President Trump’s proposal to temporarily ban travel from several Middle Eastern countries may be forcing couples to rethink their honeymoon destinations. Trump has proposed two separate immigration bans since taking office in January, both of which were challenged and halted by federal courts....

  • The battle between hotels and Airbnb continues to heat up

    The battle between hotels and Airbnb continues to heat up

    The nation’s hotel industry has for years shrugged off competition from short-term rentals, booked through sites like Airbnb and VBRO, saying they pose no major threat. That is no longer the case. The American Hotel and Lodging Assn., the trade group for the nation’s hotels, broke fundraising and...

  • Amid passenger-dragging fiasco, United CEO Oscar Munoz says he won't take chairman post

    Amid passenger-dragging fiasco, United CEO Oscar Munoz says he won't take chairman post

    Facing furor after a United passenger was dragged off a sold-out plane, the chief executive for the carrier’s parent company has agreed not to take on the added role next year of chairman of the board. Under a previous employment agreement, United Continental Holdings chief executive Oscar Munoz...

  • Unemployment in California falls to 4.9%, lowest since 2006

    Unemployment in California falls to 4.9%, lowest since 2006

    California piled on 19,300 jobs in March, and unemployment dropped to 4.9%. It was the first time the state’s jobless rate fell below 5% since December 2006.

  • Volkswagen to pay $2.8-billion criminal fine in U.S. diesel emissions scandal

    Volkswagen to pay $2.8-billion criminal fine in U.S. diesel emissions scandal

    A federal judge on Friday ordered Volkswagen to pay a $2.8-billion U.S. criminal penalty for cheating on diesel emissions tests, blessing a deal negotiated by the government for a “massive fraud” orchestrated by the German automaker. U.S. District Judge Sean Cox stuck to the plea deal during the...

  • Bebe plans to close its last stores by the end of May

    Bebe plans to close its last stores by the end of May

    Women’s apparel retailer Bebe Stores Inc. said it’s closing its remaining 168 stores, the latest in a string of retailers shutting physical outlets. Bebe said it expects “to close all of the stores by the end of May,” according to a filing the Brisbane, Calif., firm made this week with the Securities...

  • Stocks slump as finance and healthcare firms fall

    Stocks slump as finance and healthcare firms fall

    U.S. stocks slumped Friday as financial and healthcare companies moved down. Industrial companies rose as stocks continued the up-and-down pattern they've been stuck in for the last month. Banks fell as bond yields and interest rates slid early in the day. Energy companies sank with oil prices....

  • U.S. home sales jump to a 10-year high

    U.S. home sales jump to a 10-year high

    Americans bought homes in March at the fastest pace in more than a decade, a strong start to the traditional spring buying season. Sales of existing homes climbed 4.4% last month to a seasonally adjusted annual rate of 5.71 million, the National Assn. of Realtors said Friday. This was the fastest...

  • As auto sales cool, there are great deals to be had — and worries of a lending bubble

    As auto sales cool, there are great deals to be had — and worries of a lending bubble

    Heather Milne Barger and her husband knew it was about time to replace their 12-year-old Honda Civic hybrid this year — not only because it was showing its age, but because they knew there were bargains to be had. “There were a lot of deals that dealerships were having, and cheap financing,” said...

  • Indian Chieftain Limited motorcycle is a bad urban bagger

    Indian Chieftain Limited motorcycle is a bad urban bagger

    Polaris-owned Indian Motorcycle, pressing its assault on the big bike market, recently added the Chieftain Limited and Chieftain Elite to its line of Chiefs, Chieftains, Springfields, Roadmasters and Scouts. I had a week on the Limited, and liked it a lot. Like its full-dress Chieftain and Roadmaster...

  • Condo values catching up to single-family homes

    Condo values catching up to single-family homes

    It's a real estate question that historically has had an easy answer: Do single-family detached homes appreciate in value faster than condominiums? The standard answer has been: Of course single-family homes appreciate faster. They are what most Americans prefer to live in, so there's stronger...

  • Zero DS: A plug-in electric commuter bike that is a rarity in the two-wheeled world

    Zero DS: A plug-in electric commuter bike that is a rarity in the two-wheeled world

    Battery electric automobiles have broken most of the barriers to ownership, even if they haven’t broken sales records. Tesla overcame the performance and luxury hurdles with its sleek Model S. The Chevrolet Bolt EV smashed previous range limitations. In the two-wheeled electric world, Zero motorcycles...

  • Venture capitalists look beyond tech to the dietary supplements market. Scientists express worry.

    Venture capitalists look beyond tech to the dietary supplements market. Scientists express worry.

    How do you stay sharp and fit despite fatigue and age? By consuming substances extracted from blueberries, flowers and algae, say the makers of a new group of unregulated and unproven health pills. Trusting natural chemicals to solve inevitable ailments is familiar to anyone who has visited a GNC...

  • Mattel shares drop after toy maker posts bigger loss and disappointing sales

    Mattel shares drop after toy maker posts bigger loss and disappointing sales

    Mattel shares dropped Thursday after the nation’s largest toy maker reported a wider loss and a 15% drop in sales for the first quarter as it dealt with holiday hangover of too many items unsold. The latest quarterly performance underscores the challenges facing Chief Executive Margo Georgiadis,...

  • Baby orca arrives: Last killer whale is born at SeaWorld

    Baby orca arrives: Last killer whale is born at SeaWorld

    The last orca has been born in captivity at a SeaWorld park, just over a year after the theme park decided to stop breeding orcas following animal rights protests and declining ticket sales. The Orlando, Fla.-based company said the orca — the last in a generation bred in confinement — was born...

  • Stocks rally, lifted by company earnings

    Stocks rally, lifted by company earnings

    U.S. stocks climbed Thursday as industrial companies, banks, technology and materials firms and energy companies all rallied. A strong day of corporate results left investors feeling better about the economy. For more than a week, investors have been poring through company earnings for signs the...

  • Tesla recalls some Model S and Model X cars for parking brake problem

    Tesla recalls some Model S and Model X cars for parking brake problem

    Because of a parking brake that might stick and render a car immobile, Tesla Inc. has issued a voluntary recall for certain Model S and Model X luxury electric cars. In an email to owners Thursday, first revealed by TechCrunch, Tesla said that no injuries related to the defect have been reported,...

  • Bill O'Reilly's departure from Fox News draws divergent reactions from conservative media

    Bill O'Reilly's departure from Fox News draws divergent reactions from conservative media

    It was a smear campaign orchestrated by liberal activists bent on censorship. It was a predictable reckoning for an arrogant man. It’s the latest sign that the old-guard conservative media need fresh blood to take on the left-wing establishment. Following the firing of Fox News host Bill O’Reilly...

  • A flying car will be available for preorder for more than $1 million

    A flying car will be available for preorder for more than $1 million

    It may not be quite like the Jetsons, but for over a million dollars you too can soon fly around in a car. A Slovakian company called AeroMobil unveiled on Thursday its version of a flying car, a light-framed plane with wings that can fold back like an insect’s, a hybrid engine and rear propeller....

  • GM halts operations in Venezuela after factory is seized

    GM halts operations in Venezuela after factory is seized

    General Motors has stopped doing business in Venezuela after authorities took control of a factory in what GM called an illegal judicial seizure of its assets. The plant was confiscated Wednesday as antigovernment protesters clashed with authorities in a country that is roiling with economic troubles...

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  • 6 pet-related businesses you can start today

    6 pet-related businesses you can start today

    Starting your own business can nurture your entrepreneurial spirit, earn you some money and give you the opportunity to spend more time with your family — including your pets. So what job can you do that doesn't necessarily require a degree, affords you time flexibility, is in a growing industry...

  • How credit card reward points created delicious results (Infographic)

    Doughnut Plant founder Mark Isreal brought his latest creation to life with the help of 80,000 points earned with his Chase Ink card. Here's how he pulled it off. Save Save

  • Bridging the digital wallet divide (Infographic)

    JPMorgan Chase commissioned Forrester Consulting to research the digital wallet opportunity from the audiences who determine the technology’s future: merchants and their customers. Save Save

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