BUSINESS

BUSINESS NEWS

SeaWorld cuts 350 jobs, including 79 in California

SeaWorld Entertainment Inc., which has struggled with declining attendance, said Wednesday that it is cutting 350 positions. The company is laying off people and not refilling open positions across the company, although the cuts primarily affect its corporate headquarters in Orlando, Fla., and...

TRUMP ADMINISTRATION

FULL COVERAGE

BUSINESS HIGHLIGHTS

Read more

HOT PROPERTY

view celebrity and luxury homes

MORE FROM BUSINESS

  • NBCUniversal and Snap form a new venture to produce scripted shows for mobile users

    NBCUniversal and Snap form a new venture to produce scripted shows for mobile users

    NBCUniversal and Snap Inc. have formed a production studio that will create programming designed for viewing on mobile devices, the companies announced Tuesday. Most of the content developed by the joint venture will debut on Snapchat, the social media and messaging service that already carries...

  • Jack Gao leaves Wanda and Legendary Entertainment

    Jack Gao leaves Wanda and Legendary Entertainment

    Dalian Wanda Group executive Jack Gao, who had been leading the Chinese conglomerate’s film subsidiary Legendary Entertainment, has stepped down from his job, according to a person briefed on the matter. Gao was senior vice president of Wanda’s cultural industry group, where he served a key role...

  • American Flat Track motorcycle racing closes season with strong numbers

    American Flat Track motorcycle racing closes season with strong numbers

    The season is over. The numbers are in. Flat track is back and it’s big again. The American Flat Track race schedule for 2017 ended Oct. 7 at Southern California’s Perris Auto Speedway. At the conclusion of the 18-race series, the top three positions in the main class were held by Jared Mees, Bryan...

  • Airbus notches win over rival Boeing with Bombardier deal

    Airbus notches win over rival Boeing with Bombardier deal

    Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border. The European plane maker reached an unusual, no-cost deal with Canada's Bombardier that sent Airbus shares up Tuesday, boosts both companies' prospects in Asia and should save thousands...

  • Patients face tough choices when a healthcare provider calls it quits

    Patients face tough choices when a healthcare provider calls it quits

    There are nearly 30 million people with diabetes in the United States. About 90,000 of them were just thrown a curve ball. Johnson & Johnson announced that it’s closing its Animas subsidiary and getting out of the insulin-pump business, leaving the field primarily to a single large competitor,...

  • Weinstein criminal probes growing in New York and London, but so far no cases in L.A.

    Weinstein criminal probes growing in New York and London, but so far no cases in L.A.

    Sex crimes detectives in New York and London are investigating allegations from at least five women who say they were raped or sexually assaulted by movie producer Harvey Weinstein, but so far no police reports have been filed in Los Angeles. Two sources not authorized to discuss the inquiries...

  • Harvey Weinstein's company gets a financial lifeline as he faces new criminal probe

    Harvey Weinstein's company gets a financial lifeline as he faces new criminal probe

    The Weinstein Co., reeling from sexual harassment and rape allegations against ousted co-founder Harvey Weinstein, has secured some much-needed financial relief from Los Angeles billionaire Thomas Barrack. The mini-studio announced Monday that it has entered into an agreement for Barrack’s private...

  • FTC and 11 states crack down on student loan scams

    FTC and 11 states crack down on student loan scams

    Federal and state officials have launched the first national crackdown on companies that they say gouge student loan borrowers, accusing the companies of taking more than $95 million in illegal fees in recent years and falsely promising debt relief. The Federal Trade Commission, 11 states and the...

  • Hundreds of Tesla workers were let go for subpar performance, the company says

    Hundreds of Tesla workers were let go for subpar performance, the company says

    Firing hundreds of workers all at once is rare, at least in the auto industry. But Tesla Inc. does things differently. Word leaked out Friday that the electric car, battery and solar roof company had bulk-fired several hundred employees. The San Jose Mercury News, which broke that story, said Tesla...

  • Nordstrom suspends its plan to go private

    Nordstrom suspends its plan to go private

    An effort to take Nordstrom Inc. private has halted, at least temporarily. In June, members of the Nordstrom family — including company co-Presidents Blake, Peter and Erik Nordstrom — said they were thinking about acquiring the approximately 70% of the stock they don't already own. Going private...

  • Netflix sinking deeper into debt to fuel subscriber growth

    Netflix sinking deeper into debt to fuel subscriber growth

    Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service. The big burden that Netflix is shouldering hasn't been a major concern on Wall Street so far, as CEO Reed...

  • Stocks edge up, extending their winning streak

    Stocks edge up, extending their winning streak

    U.S. stocks posted modest gains Monday, extending a record-setting run into a sixth straight week. Financial and technology companies notched some of the biggest gains. Energy stocks rose as crude oil prices went up. Healthcare companies declined the most. Bond prices fell. The three major stock...

  • Mayors say many American families would be hurt by GOP plan to kill state and local tax deduction

    Mayors say many American families would be hurt by GOP plan to kill state and local tax deduction

    Tom Tait, the Republican mayor of Anaheim, isn’t happy about his party’s tax-overhaul efforts in Washington because the plan would eliminate a deduction for state and local taxes that helps many of his city’s residents. In Anaheim’s 92806 ZIP Code, for example, the loss of the deduction would lead...

  • Gains for tech help U.S. stocks higher, but insurers skid

    Gains for tech help U.S. stocks higher, but insurers skid

    U.S. stocks finished mostly higher Friday to wrap up a subdued week, and technology companies did most of the heavy lifting. Investors were also pleased to see that shoppers spent more money in September. Printer and PC maker HP sent technology companies higher after releasing a strong profit forecast...

  • Will tourists return to wine country after the Northern California fires?

    Will tourists return to wine country after the Northern California fires?

    Most vineyards and wineries in Northern California’s wine country have been spared by several days of firestorms, but it isn’t clear yet whether the nearly 24 million tourists who visit the region each year will want to return to charred hillsides. Tourism officials remain optimistic, saying huge...

  • Facebook takes on food delivery, challenges Uber and others

    Facebook takes on food delivery, challenges Uber and others

    Several online services already offer food delivery, but that doesn't mean Facebook won't jump on board anyway. The social media giant says ordering food for takeout or delivery is complicated. It promises to help save time by bringing existing food-delivery services into its app and partnering...

  • #WomenBoycottTwitter to show support for those harassed on the social media platform

    #WomenBoycottTwitter to show support for those harassed on the social media platform

    Twitter Inc. gave the world the hashtag. Now the social media company is witnessing the power of the pound sign firsthand. A 24-hour boycott of Twitter by women Friday served as a protest against the silencing of women’s voices and a show of support for women who have been harassed on the social...

  • Giant Toyota campus in Torrance being sold to Irvine developer Sares Regis

    Giant Toyota campus in Torrance being sold to Irvine developer Sares Regis

    Irvine developer Sares Regis is buying the sprawling Toyota office complex in Torrance that was formerly the Japanese car manufacturer’s North American headquarters. The sale by Toyota of its 110-acre campus near the 405 Freeway is expected to close this month, according to people who know about...

  • Social Security benefits to rise by 2% in 2018

    Social Security benefits to rise by 2% in 2018

    Millions of Social Security recipients and other retirees will get a 2% increase in benefits next year. It's the largest increase since 2012 but amounts to a bump of only $25 a month for the average beneficiary. The Social Security Administration announced the cost-of-living adjustment, or COLA,...

  • Wells Fargo profit falls 18% in third quarter due to legal costs

    Wells Fargo profit falls 18% in third quarter due to legal costs

    Wells Fargo's third-quarter profit dropped 18%, caused by a significant increase in the bank's legal expenses tied to its mortgage practices before the financial crisis. The increase in legal expenses comes as the San Francisco-based bank tries to move beyond its recent scandals involving unauthorized...

  • Surge in energy costs sends U.S. consumer prices up 0.5%

    Surge in energy costs sends U.S. consumer prices up 0.5%

    U.S. consumer prices rose 0.5% in September, the largest increase in eight months. The result reflects another big jump in energy prices in the aftermath of Hurricane Harvey, which shut Gulf Coast refineries and caused gasoline prices to jump across the country. The September increase in the closely...

  • 2018 Mercedes-Benz E400 Coupe

    2018 Mercedes-Benz E400 Coupe

    Mercedes-Benz makes so many different cars that I pity the buyer who has decided on the brand but not on the model. The German car company currently offers 27 different vehicles through its U.S. dealerships. That’s not counting the different trim lines, the high-performance AMG and Maybach variations,...

  • Key Samsung executive announces his resignation

    Key Samsung executive announces his resignation

    The chairman of Samsung Electronics Co.'s board of directors, who has been the public face of the company since its de facto chief was jailed on corruption charges, said Friday he will resign next year to make way for a new leader. “As we are confronted with unprecedented crisis inside out, I believe...

Business Articles

View More
  • 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....

  • Think outside the bank: How to get a business loan online

    Think outside the bank: How to get a business loan online

    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 and 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...

EDITION: California | U.S. & World
68°