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Senators announce bipartisan deal to stabilize Obamacare markets

The Senate moved closer Tuesday to a rare bipartisan deal to fix parts of the Affordable Care Act as a pair of leading senators announced an agreement designed to stabilize health insurance markets. The deal — which was blessed by President Trump — still faces significant hurdles in Congress, particularly...

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  • 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...

  • Retail sales in September surge most in 2 years

    Retail sales in September surge most in 2 years

    Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars. Retail sales rose 1.6% in September, after slipping 0.1% in August, the Commerce Department said Friday. Auto...

  • 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...

  • Thousands join #WomenBoycottTwitter after it suspended Rose McGowan's account

    Thousands join #WomenBoycottTwitter after it suspended Rose McGowan's account

    Thousands are rallying in support of actress Rose McGowan and calling for a Twitter boycott after her account was temporarily suspended as she used the social media platform to advocate against sexual assault and harassment in Hollywood. Many used the hashtag #WomenBoycottTwitter as the call to...

  • Layoffs begin at Disney's ABC amid pressures in TV market

    Layoffs begin at Disney's ABC amid pressures in TV market

    Walt Disney Co. started laying off employees across its ABC Television Group on Thursday. Of the division’s 9,000 employees, 100 to 200 are expected to be cut, according to an executive familiar with plan who was not authorized to discuss it publicly. A representative for the Burbank-based company...

  • Retail and media stocks pull indexes down from highs

    Retail and media stocks pull indexes down from highs

    U.S. stock indexes retreated from their record highs Thursday as retailers and media companies declined and investors shrugged at quarterly reports from a few big banks. Clothing companies and other retailers fell after women's clothing company J. Jill slashed its third-quarter forecast. The company's...

  • Equifax says code on its website 'was serving malicious content'

    Equifax says code on its website 'was serving malicious content'

    Equifax Inc. took part of its website offline Thursday after code on the site redirected users to a malicious URL urging them to download malware. Also Thursday, a top Republican congressman introduced a bill that would stop credit reporting companies such as Equifax from using Social Security...

  • Tesla recalls 11,000 Model X SUVs because seats could move forward in a crash

    Tesla recalls 11,000 Model X SUVs because seats could move forward in a crash

    Tesla Inc. is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place. The recall involves vehicles with fold-flat second-row seats made between Oct. 28, 2016, and Aug. 16, 2017. Tesla said it believes that only about 3% of the recalled vehicles have the issue....

  • Snap's stock rises further the day after its biggest jump since IPO

    Snap's stock rises further the day after its biggest jump since IPO

    Snap Inc.’s stock rose again Thursday after shares of the Snapchat maker enjoyed their best daily gain since the day of the company’s stock market debut in March. The stock was up 51 cents, or 3%, to $16.49 a share in midday trading after surging 11.4% on Wednesday following a positive report from...

  • Tech and healthcare stocks lift indexes back to record highs

    Tech and healthcare stocks lift indexes back to record highs

    U.S. stock indexes drifted back to record highs Wednesday as investors got ready for another round of corporate reports to begin. Technology, healthcare and household goods companies all rose. Tech-sector companies such as PayPal, Visa and Alphabet, Google's parent company, made some of the biggest...

  • Trump meets Canadian prime minister amid growing doubts about NAFTA talks

    Trump meets Canadian prime minister amid growing doubts about NAFTA talks

    Negotiations to remake the North American Free Trade Agreement resumed Wednesday amid increasing concerns of a breakdown, with President Trump continuing to threaten to withdraw from the pact and the administration planning to push several contentious proposals across the table over the next few...

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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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