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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...

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  • Tesla reports fourth-quarter and full-year results, says Model 3 on track

    Tesla reports fourth-quarter and full-year results, says Model 3 on track

    In a closely watched earnings report Wednesday, Tesla Inc. reported fourth-quarter and full-year results and assured investors that it is on schedule to produce its long-awaited mid-market Model 3 electric car.  For the three months ended Dec. 31, the company lost $219.4 million, or 78 cents a...

  • Brad Grey leaves struggling Paramount Pictures as search for new studio chief begins

    Brad Grey leaves struggling Paramount Pictures as search for new studio chief begins

    Paramount Pictures Chairman Brad Grey has finalized his exit from Viacom Inc. after 12 years managing the legendary movie studio that has struggled to produce box-office hits. Grey’s departure, which was telegraphed last week and announced Wednesday, takes effect immediately. It comes as Viacom’s...

  • Stocks mostly slip, but Dow hits a new record high

    Stocks mostly slip, but Dow hits a new record high

    U.S. stocks mostly slipped Wednesday after their recent record-setting run. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals would win approval from regulators. While energy stocks fell with the price of oil, most other sectors didn't make big moves....

  • Aerojet Rocketdyne buys missile-target maker and may provide satellite launches

    Aerojet Rocketdyne buys missile-target maker and may provide satellite launches

    In a deal that could have implications for the satellite launch business, rocket engine manufacturer Aerojet Rocketdyne has acquired leading missile-target developer Coleman Aerospace for $15 million in cash. The deal, which is expected to close Friday, will allow Aerojet Rocketdyne — a unit of...

  • AwesomenessTV CEO and founder Brian Robbins leaves video company

    AwesomenessTV CEO and founder Brian Robbins leaves video company

    Brian Robbins, the co-founder and chief executive of teen-focused online video network AwesomenessTV, is leaving the company after five years, he told staff Wednesday.  Robbins did not cite a reason for his exit, but his departure comes six months after parent company DreamWorks Animation was acquired...

  • Two-thirds of Americans aren't using this easy way to save for retirement

    Two-thirds of Americans aren't using this easy way to save for retirement

    Less than one-third of Americans are saving money in their 401(k)s and other workplace retirement accounts, according to an analysis of tax records by Census Bureau researchers. Although nearly 80% of Americans work for an employer that offers a retirement program — whether a 401(k), 403(b) or...

  • Fed officials indicate another interest rate hike could come 'fairly soon'

    Fed officials indicate another interest rate hike could come 'fairly soon'

    Federal Reserve policymakers said at their latest meeting that another small hike in a key interest rate could come "fairly soon," opening the door a bit wider to an increase next month, according to minutes of the meeting released Wednesday. Fed officials reiterated their "considerable uncertainty"...

  • Americans buy existing homes at fastest pace in a decade

    Americans buy existing homes at fastest pace in a decade

    Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Home sales rose 3.3% in January from December to a seasonally...

  • SpaceX Dragon capsule aborts attempt to dock at International Space Station

    SpaceX Dragon capsule aborts attempt to dock at International Space Station

    A SpaceX capsule carrying more than 5,000 pounds of cargo aborted its attempt to dock at the International Space Station early Wednesday because of an “easily correctable” GPS error, officials said. It is scheduled to try again Thursday. This was not the mission’s first small delay. Hawthorne-based...

  • Lexus and Porsche tie in J.D. Power reliability study

    Lexus and Porsche tie in J.D. Power reliability study

    Lexus and Porsche tied for the top spot in auto information company J.D. Power’s annual vehicle reliability study. But other Japanese, German, South Korean and American brands also scored extremely well. The study targeted 35,000 owners of model year 2014 vehicles who have driven their vehicles...

  • Yahoo salvages Verizon deal by giving it a $350-million discount 

    Yahoo salvages Verizon deal by giving it a $350-million discount 

    Yahoo Inc. is taking a $350-million hit on its previously announced $4.8-billion sale to Verizon Communications Inc. in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement announced Tuesday eases investor worries...

  • 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...

  • Wal-Mart's online sales jump 29% as it works to make inroads against Amazon

    Wal-Mart's online sales jump 29% as it works to make inroads against Amazon

    The nation's largest retailer keeps working to make headway against the largest online seller. Wal-Mart Stores Inc. drew more shoppers to its namesake stores in the United States and its online sales soared 29% in its fiscal fourth quarter, which covers the crucial holiday shopping season. That's...

  • Stocks hit new records as an appetite for deals sends food companies up

    Stocks hit new records as an appetite for deals sends food companies up

    Stocks again broke records Tuesday as investors came back from a long weekend hungry for deals. Although Kraft Heinz and Unilever couldn't agree to a proposed $143-billion mega-merger, food and household goods makers rose as investors bet that other deals are coming. Companies that make packaged...

  • Head of U.S. Honda to leave air bags behind, turn to gin and vodka

    Head of U.S. Honda to leave air bags behind, turn to gin and vodka

    The U.S. head of Honda is retiring to make gin and vodka with his sons. John Mendel, 62, executive vice president for the Japanese carmaker at American Honda Motor Co. in Torrance, told a group of dealers Monday night that he’s retiring. He goes out on a high note: Honda sales in the U.S. last...

  • Hong Kong Disneyland reports a 2016 loss as visitor slump worsens

    Hong Kong Disneyland reports a 2016 loss as visitor slump worsens

    Two weeks after Walt Disney Co. launched a bailout of struggling Euro Disney, another international Disney resort revealed that its financial woes grew last year. Hong Kong Disneyland reported a second consecutive annual loss on an 11% drop in attendance and a 7% decline in revenue. The $22-million...

  • 'xXx' and 'La La Land' sweep China's box office

    'xXx' and 'La La Land' sweep China's box office

    Hollywood movies lit up China’s box office last week with Paramount’s “xXx: Return of Xander Cage” leading the way, followed by the award-winning musical “La La Land.” The action thriller, starring Vin Diesel and Chinese kung fu star Donnie Yen, topped the box-office charts for the second week...

  • Uber hires Eric Holder to investigate sexual harassment claims

    Uber hires Eric Holder to investigate sexual harassment claims

    Uber has hired former U.S. Atty. Gen. Eric H. Holder Jr. to help lead an investigation into claims of sexual harassment and discrimination that a former female employee made public over the weekend in a highly circulated blog post. Chief Executive Travis Kalanick told employees in a memo Monday...

  • Sprawling former Toyota headquarters campus in Torrance is up for sale

    Sprawling former Toyota headquarters campus in Torrance is up for sale

    Looking for an office complex with its own helipads, swimming pool, data center and emergency power? One just hit the market in Torrance: the longtime North American headquarters of Japanese car manufacturer Toyota, which is consolidating its U.S. operations in Texas. Toyota announced its plans...

  • Burger King's parent is buying the Popeyes chicken chain for $1.8 billion

    Burger King's parent is buying the Popeyes chicken chain for $1.8 billion

    Restaurant Brands International Inc. said it's buying Popeyes Louisiana Kitchen Inc. for $1.8 billion, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons. The move fits with Restaurant Brands' approach of taking over well-known fast-food chains it...

  • Big changes planned for the sell-by dates on food packaging

    Big changes planned for the sell-by dates on food packaging

    The majority of Americans have no clear idea what "sell by" labels are trying to tell them. But after 40 years of letting us guess, the grocery industry has made moves to clear up the confusion. The Food Marketing Institute and the Grocery Manufacturers Assn., the two largest trade groups for the...

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