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The 401(k) match is back, and it's getting bigger

One of the best tools to save for retirement over the last three decades has been the 401(k) and the corporate match —free money! — that came with it. In many places, one of the first casualties of the financial crisis was the company match. Now it seems, the match is roaring back. Many companies...

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  • Martin Shkreli repeatedly lied to investors, prosecutor says in closing arguments

    Martin Shkreli repeatedly lied to investors, prosecutor says in closing arguments

    A prosecutor at the securities fraud trial of Martin Shkreli said the former pharmaceutical CEO scammed investors in a pair of failed hedge funds. Prosecutor Alixandra Smith told a jury in closing arguments Thursday that Shkreli repeatedly lied to investors about how much money was in one of the...

  • What millennials want from their CEOs: Activism

    What millennials want from their CEOs: Activism

    Americans, on the whole, aren't so sure how they feel about chief executives speaking up about social issues such as climate change or President Trump's travel ban. Some like the idea, especially if they agree with the CEO, making them more likely to buy products from a company with which they...

  • Los Angeles Convention Center just wrapped up its best year ever

    Los Angeles Convention Center just wrapped up its best year ever

    As a hub for conventions, Los Angeles has had a big year. The Los Angeles Convention Center reported an operating surplus of $10.2 million, a 5% increase from the previous year’s surplus of $9.7 million. It’s the biggest surplus since AEG took over management of the 46-year-old facility; before...

  • Video is Facebook's future. But it's not good for profits yet

    Video is Facebook's future. But it's not good for profits yet

    Facebook’s effort to get more videos in the news feeds of its 2 billion users will hurt the company’s massive advertising business, the company warned Wednesday. Consumer demand for content such as mini-TV shows, recipe videos and sports highlights is outpacing Facebook’s fledgling video advertising...

  • Imax and Regal post declines as weak box office performance cuts movie theater earnings

    Imax and Regal post declines as weak box office performance cuts movie theater earnings

    A disappointing lineup of movies hampered second-quarter earnings for major movie theater companies Regal Entertainment Group and Imax Corp., which both reported financial results Wednesday. Imax reported a loss of $1.7 million, or 3 cents a share, during the three months that ended June 30, compared...

  • Stocks edge up, lifted by corporate earnings and falling Treasury yields

    Stocks edge up, lifted by corporate earnings and falling Treasury yields

    U.S. stock indexes inched further into record territory Wednesday after AT&T, Boeing and others joined the parade of big companies reporting stronger profits than analysts expected. Stocks that pay big dividends were particularly strong after the Federal Reserve took a pause in its slow-moving...

  • Amazon announces U.S. hiring spree as labor market tightens

    Amazon announces U.S. hiring spree as labor market tightens

    Amazon.com Inc. has some job openings. Lots of them. The Seattle e-commerce giant said Wednesday that it's looking to fill more than 50,000 positions across the United States. The announcement comes at a time when the labor market is growing tight with back-to-school and holiday shopping around...

  • Fed leaves interest rates unchanged amid concerns about low inflation

    Fed leaves interest rates unchanged amid concerns about low inflation

    The Federal Reserve left interest rates unchanged Wednesday and conveyed a tad more concern about recent inflation trends, clouding the prospects for when the next rate hike might come. At the same time, the central bank said after its two-day meeting that U.S. economic conditions looked good,...

  • Airbnb partners with NAACP to recruit minority hosts

    Airbnb partners with NAACP to recruit minority hosts

    The National Assn. for the Advancement of Colored People announced Wednesday that it has teamed up with Airbnb, the short-term rental company beleaguered by discrimination complaints, to expand the service to more minority communities. The century-old civil rights organization touted the move as...

  • Disney shuts down its vacation savings program

    Disney shuts down its vacation savings program

    Walt Disney Co. plans to shut down its vacation savings program because of low participation. The Disney Vacation Account program, which started in 2013, allowed travelers to store money in an account to save up for a Disney vacation. Disney granted users a $20 bonus for every $1,000 stored in...

  • Winter is finally coming to an end at California ski resorts

    Winter is finally coming to an end at California ski resorts

    Last winter dumped so much snow on California’s peaks that at least one resort raised the possibility of staying open all summer, allowing skiers to ride the lifts until next winter’s snowfall. But the hot weather during the last few weeks is finally putting an end to California’s extra-long ski...

  • Historic Laguna Seca track to remain under control of Sports Car Racing Assn. of Monterey Peninsula

    Historic Laguna Seca track to remain under control of Sports Car Racing Assn. of Monterey Peninsula

    A concerted effort by a group of deep-pocketed motoring enthusiasts to take control of Mazda Raceway Laguna Seca has been rebuffed. For now, the historic Monterey Peninsula racetrack will remain under the stewardship of the Sports Car Racing Assn. of the Monterey Peninsula, or SCRAMP. The Monterey...

  • Airfares fall again, but some suggest increases may lie ahead

    Airfares fall again, but some suggest increases may lie ahead

    Airfares dropped again in the first three months of the year, declining to their lowest first-quarter average since tracking began 22 years ago. But after two years of decreases, travelers may need to brace for higher fares in 2018. The average domestic fare in the U.S. was $352 in the first quarter...

  • Former Fox News executive files $48-million lawsuit over sexual assault scandal

    Former Fox News executive files $48-million lawsuit over sexual assault scandal

    A former Fox News executive fired after he was accused of sexually assaulting a female on-air commentator is suing parent company 21st Century Fox for going public with the matter. Francisco Cortes, who ran Fox News Latino, was fired in February after Tamara Holder, a Fox News on-air contributor,...

  • Corporate earnings lift stocks to more record highs

    Corporate earnings lift stocks to more record highs

    U.S. stock indexes returned to record highs Tuesday as corporate profits continued to come in better than analysts expected. McDonald's and Caterpillar were among the big companies that reported healthier-than-forecast results. Jumps in prices for oil, metals and other commodities helped lift companies...

  • During Hollywood blackout, domestic films dominate China's box office

    During Hollywood blackout, domestic films dominate China's box office

    Chinese domestic films once again dominated the country's box office amid an annual summer ban on Hollywood titles. China's government, intent on building a domestic film industry to rival Hollywood's, typically bans imported releases during peak moviegoing periods, such as national holidays and...

  • Celgene agrees to pay $280 million to settle cancer drug fraud suit

    The pharmaceutical company Celgene Corp. has agreed to pay $280 million to settle a federal lawsuit alleging it committed fraud promoting two cancer drugs for unapproved purposes. The settlement with Celgene was announced Tuesday by federal prosecutors in Los Angeles. The lawsuit filed in federal...

  • Uber's latest bid to win over drivers: 24/7 phone support

    Uber's latest bid to win over drivers: 24/7 phone support

    Uber added a 24-hour phone help line and a slew of new features and policy changes Tuesday in an attempt to appease drivers, who have long complained the San Francisco ride-hailing company doesn’t do enough to support them. The move is part of what Uber is calling its “180 Days of Change” — a campaign...

  • VW exec plans to plead guilty in diesel emissions cheating scandal

    VW exec plans to plead guilty in diesel emissions cheating scandal

    A Volkswagen official at the heart of the German automaker's wide-ranging diesel emissions cheating scandal plans to plead guilty in the criminal case. Oliver Schmidt’s agreement was announced during a 20-minute status conference, according to a Tuesday statement from the U.S. district court in...

  • Sony Pictures picks a new television team

    Sony Pictures picks a new television team

    Sony Pictures Entertainment on Monday named new leaders for its U.S.-based television operations, elevating three longtime executives to serve in a newly created office overseeing television production and programming. Veteran business affairs executive Jeff Frost was tapped to lead the team as...

  • Canceling a hotel reservation is getting tougher at Hilton and Marriott

    Canceling a hotel reservation is getting tougher at Hilton and Marriott

    Two of the world’s biggest hotel companies are cracking down on travelers prone to last-minute cancellations. Hilton Hotels & Resorts and Marriott International will penalize people who cancel reservations within 48 hours of the planned stay, up from 24 hours. In most cases, the penalty is the...

  • Europe's antitrust fine against Google takes a big bite out of Alphabet's profit

    Europe's antitrust fine against Google takes a big bite out of Alphabet's profit

    Google's parent company, Alphabet Inc., can easily afford the $2.7-billion write-down it's taking to cover a big antitrust fine in Europe. But the company might find it harder to shrug off the rest of the European regulatory assault headed its way. In June, a European Commission ruling slapped...

  • Bush's Baked Beans recalled because of defective cans

    Bush's Baked Beans recalled because of defective cans

    Certain cans of Bush’s Best Baked Beans — Brown Sugar Hickory Baked Beans, Country Style Baked Beans and Original Baked Beans — are being recalled because of a potential problem with a seam on the cans. People should get rid of the recalled beans even if the food does not seem to be spoiled, Bush...

  • Microsoft Paint is marked for death

    Microsoft Paint is marked for death

    Microsoft Paint, the beloved Windows graphic editing program, has been marked for death. Thirty-two years after including a Paint program in its inaugural Windows 1.0, Microsoft Corp. put Paint on its list of “features that are removed or deprecated” in the new Windows 10 Fall Creators Update,...

  • 'Captain Marvel' will receive a $20-million tax credit to shoot in California

    'Captain Marvel' will receive a $20-million tax credit to shoot in California

    “Captain Marvel,” the upcoming superhero movie starring Brie Larson as the title character, will receive more than $20 million in tax credits to film in California, making it the first Marvel Comics movie to shoot primarily in-state since 2014’s “Captain America: The Winter Soldier.” Eight studio...

  • Hulu hires a marketing officer from Google

    Hulu hires a marketing officer from Google

    Taking another step to transform itself into a more formidable competitor to Netflix and Amazon.com, streaming service Hulu on Monday said it has hired a former Google executive, Kelly Campbell, to become chief marketing officer of the Santa Monica company. In her new role, Campbell will direct...

  • U.S. home sales fell in June; shoppers couldn't find houses to buy

    U.S. home sales fell in June; shoppers couldn't find houses to buy

    Homebuyers faced surging prices and a shrinking number of properties for sale in June — causing the pace of sales to fall. Sales of existing homes slipped 1.8% last month to a seasonally adjusted annual rate of 5.52 million, the National Assn. of Realtors said Monday. The decline speaks to a troubling...

  • Qatar Airways CEO apologizes for 'grandmothers' comment, but rivals aren't forgiving

    Qatar Airways CEO apologizes for 'grandmothers' comment, but rivals aren't forgiving

    The chief executive of Qatar Airways has never minced words when talking about his U.S.-based rivals. But Akbar Al Baker admits he went too far earlier this month when he compared the crews on his airline with those of U.S.-based carriers. “By the way, the average age of my cabin crew is only 26...

  • SpaceX may have canceled Red Dragon Mars mission

    SpaceX may have canceled Red Dragon Mars mission

    SpaceX may have canceled its mission to Mars with a Red Dragon capsule that was set for 2020. Company Chief Executive Elon Musk retweeted a story late Friday afternoon titled “SpaceX skipping Red Dragon for ‘vastly bigger ships’ on Mars” that was published on Tesla enthusiasts blog Teslarati. The...

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  • 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...

  • 5 steps to creating happiness in your workplace

    5 steps to creating happiness in your workplace

    Each workday, the average American spends 8.8 hours at work or on work-related activities, according to the Bureau of Labor Statistics. That’s even more time than people spend sleeping. And because we spend so much time at work, it's in your and your employer’s best interest to make workplaces...

  • 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...

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