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Google parent turns on internet balloons in Puerto Rico 

Google's parent Alphabet Inc. said Friday that its stratospheric balloons are now delivering the internet to remote areas of Puerto Rico where cellphone towers were knocked out by Hurricane Maria. Two of the search giant's “Project Loon” balloons are already over the island enabling texts, emails...

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  • Investigation launched after actress tells LAPD she was raped by Harvey Weinstein

    Investigation launched after actress tells LAPD she was raped by Harvey Weinstein

    An Italian model-actress met with Los Angeles police detectives for more than two hours Thursday morning, providing a detailed account of new allegations that movie mogul Harvey Weinstein sexually assaulted her at a hotel in 2013. She is the sixth woman to accuse Weinstein of rape or forcible sex...

  • Stitch Fix, an online clothing styling service, files for IPO

    Stitch Fix, an online clothing styling service, files for IPO

    Stitch Fix Inc., an online clothing styling service, has filed to go public. The company is one of several that ships shoppers clothing to try on at home before they buy. With Stitch Fix, customers pay $20 to receive five clothing items. Customers can ship back whatever they don't like or they'll...

  • Senate Democrats fail in first attempt to save state and local tax deduction

    Senate Democrats fail in first attempt to save state and local tax deduction

    Senate Democrats on Thursday failed in their first attempt to save the state and local tax deduction, which helps many residents of California and other high-cost states reduce their federal income tax bills. The Republican-controlled Senate voted 52 to 47 to reject an amendment that would have...

  • U.S. unemployment claims fall to the lowest in 44 years

    U.S. unemployment claims fall to the lowest in 44 years

    The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president. The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, the fewest since March 1973. The less volatile four-week average slid by 9,500...

  • Stocks’ last-minute rebound nudges S&P 500 and Dow to new highs

    Stocks’ last-minute rebound nudges S&P 500 and Dow to new highs

    A last-minute surge nudged U.S. stock indexes mostly higher Thursday, barely extending the market's winning streak and milestone-setting run. The Standard & Poor's 500 index and Dow Jones industrial average closed higher for the fifth straight day, each posting new highs. The other indexes finished...

  • Workers' lawsuit accuses ritzy Terranea Resort of wage theft

    Workers' lawsuit accuses ritzy Terranea Resort of wage theft

    Workers at the Terranea Resort in Rancho Palos Verdes have sued the ritzy hotel, contending they aren’t paid for the time they spend waiting to get uniforms before each shift and being driven on a bus from a remote parking lot. The lawsuit, filed Thursday in Los Angeles County Superior Court, names...

  • FDA approval of lymphoma therapy shows Gilead's purchase of Kite was a good bet

    FDA approval of lymphoma therapy shows Gilead's purchase of Kite was a good bet

    Gilead Sciences Inc.’s stock rose Thursday after the biotech company’s Kite Pharma unit gained federal approval for its flagship cell-treatment therapy for adults with advanced lymphoma. The Food and Drug Administration’s approval Wednesday of Kite’s treatment represented a rapid payoff for Gilead....

  • Irvine wants to put Amazon's second headquarters in the Spectrum

    Irvine wants to put Amazon's second headquarters in the Spectrum

    Irvine has unveiled its proposal to win Amazon’s second headquarters, joining cities from across the country that are vying to lure the tech giant and tens of thousands of new jobs. With bids due Thursday, the city and its joint partner the Irvine Co. said they want to put Amazon in the Irvine...

  • Lyft gets $1-billion investment, led by Google's parent company

    In the topsy-turvy world of tech, an investor can fund a company one minute and sue it the next. It also can turn around and fund a competitor, which is what Google’s parent company did when it announced Thursday that its growth equity fund led a $1-billion investment in Lyft, four years after...

  • Tribune Media shareholders vote in favor of merger with Sinclair Broadcast Group

    Tribune Media shareholders vote in favor of merger with Sinclair Broadcast Group

    Sinclair Broadcast Group is a step closer to taking over Tribune Media after shareholders of the Chicago-based media company voted overwhelmingly to approve the proposed $3.9-billion acquisition. Tribune Media said more than 99% of the votes cast by shareholders at a special meeting Thursday at...

  • Trump meets with Janet Yellen as decision on next Fed chair nears

    Trump meets with Janet Yellen as decision on next Fed chair nears

    President Trump met at the White House on Thursday with Federal Reserve Chairwoman Janet L. Yellen as he neared a decision on who will lead the central bank after her first four-year term ends in February. Yellen, 71, a Democrat nominated to the job by former President Obama, is one of five candidates...

  • Vernon battery maker's portable charger can quick-charge a smartphone 10 times

    Vernon battery maker's portable charger can quick-charge a smartphone 10 times

    Electric vehicles are the main market for Romeo Power Technology, the Vernon-based lithium-ion battery pack startup. But the company is also using its know-how to make portable battery packs for individuals. On Thursday it introduced the Saber, a ruggedized 2.2-pound bar-shaped device the company...

  • Dow closes above 23,000 as stock indexes set new highs

    Dow closes above 23,000 as stock indexes set new highs

    A day of modest gains on Wall Street resulted in more milestones for U.S. stocks Wednesday as the Dow Jones industrial average closed above 23,000 points for the first time. The Standard & Poor's 500 index and Nasdaq composite also finished at record highs. Technology stocks and financial companies...

  • LA Weekly is being sold to Semanal Media, a mysterious new company

    LA Weekly is being sold to Semanal Media, a mysterious new company

    LA Weekly’s owner, Voice Media Group, has agreed to sell the alternative weekly newspaper as it sheds print assets and focuses on its digital business, a representative for Voice Media confirmed Wednesday. The buyer, Semanal Media, is a new entity created for the purpose of this transaction, said...

  • 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...

  • Power plant developer pulls the plug on its natural gas project in Oxnard

    Power plant developer pulls the plug on its natural gas project in Oxnard

    The developer of a proposed natural gas power plant in Ventura County asked state regulators Monday to suspend review of the plans, effectively ending the controversial project. In response to regulators’ recommendation this month to reject the project, NRG Energy asked the California Energy Commission...

  • State Treasurer John Chiang extends sanctions on Wells Fargo for another year

    State Treasurer John Chiang extends sanctions on Wells Fargo for another year

    The state of California will continue its financial sanctions against Wells Fargo for a second year following a string of new disclosures about bad practices at the bank since its sham accounts scandal unfolded. State Treasurer and gubernatorial candidate John Chiang said Monday that revelations...

  • 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...

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  • 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...

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