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Navajo Nation sues Wells Fargo claiming it was targeted for fake accounts

The Navajo Nation has sued Wells Fargo, saying its citizens were targeted by workers trying to meet the bank’s aggressive sales quotas. The lawsuit, filed Tuesday in federal court in Albuquerque, alleges many of the same practices that led to last year’s $185-million settlement between Wells Fargo...

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  • CVS and Aetna stocks slide on news of merger deal

    CVS and Aetna stocks slide on news of merger deal

    CVS Health Corp. shares dropped Monday as investors expressed uncertainty about the pharmacy giant’s $69-billion deal to acquire health insurer Aetna Inc. CVS stock was down 4.9% at $71.45 around 9:45 a.m. PST. Meanwhile, shares of Aetna were down 0.5% at $180.40 after an early-morning jump. The...

  • California Inc.: Clock is ticking on a possible government shutdown

    California Inc.: Clock is ticking on a possible government shutdown

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week. Traffic, a subject near and dear to all our hearts, took center stage at AutoMobility LA,...

  • CVS to buy Aetna for $69 billion in deal that would shake up healthcare industry

    CVS to buy Aetna for $69 billion in deal that would shake up healthcare industry

    CVS Health Corp. plans to buy Aetna Inc. for $69 billion in a blockbuster deal that would further consolidate the U.S. healthcare industry by merging the nation’s largest pharmacy chain with a major healthcare insurer, the companies announced Sunday. The deal, which was approved by both companies’...

  • The cost of caregiving: 'A sacrifice for our entire family'

    The cost of caregiving: 'A sacrifice for our entire family'

    Alantris Muhammad says there was no question that she would leave her job after her mother was in a car accident that left her unable to walk or eat on her own. At 42, she hadn't even started to think about retirement. But as the oldest of four siblings -- and the only one in a dual-income household...

  • This hotel owner once hawked flowers on street corners

    This hotel owner once hawked flowers on street corners

    Robert Cohen, with his brother Joe, traveled an unusual path from flower selling to commercial real estate. Now Robert, 87, owns several hotels and other properties, including the Four Seasons Los Angeles at Beverly Hills.

  • How to avoid outliving your retirement savings

    How to avoid outliving your retirement savings

    Dear Liz: The wife and I are both 65. We both work, with a combined income of $125,000, of which we spend almost all. We have $550,000 in IRAs and $1 million in other investments, plus home equity of about $500,000. We’ll get $3,800 from Social Security if we start next year but plan to work until...

  • At LA Auto Show, take an electric bike for a test ride

    At LA Auto Show, take an electric bike for a test ride

    Beyond the fast cars and shiny SUVs decorating the showroom at the Los Angeles Auto Show, attendees can test drive a different kind of ride: electric bikes, scooters and other two-wheeled modes of transport. At this year’s show, a test ride area offers the opportunity to try an e-bike or see how...

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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....

  • Small businesses have struggled to find funding: Not anymore

    Small businesses have struggled to find funding: Not anymore

    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, 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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