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  • Scopely, Kite & Lightning and Masterclass among week's L.A. tech highlights

    Scopely, Kite & Lightning and Masterclass among week's L.A. tech highlights

    Scopely, the video game company that has ridden mobile versions of Yahtzee and zombie horror franchise “The Walking Dead” to recent success, announced $55 million in new funding Tuesday. The financing comes on the back of a sixfold increase in quarterly revenue compared with 18 months ago, Chief...

  • As the VCR finally dies, a lament for once-great technologies

    As the VCR finally dies, a lament for once-great technologies

    It’s a little silly to lament the demise of a technology that has been well-demised for years. But last week’s announcement that production will cease within days at the last Japanese factory manufacturing VCRs is a cause for reflection — both about where we’ve been technologically and where we’re...

  • Westlake's Park Wilshire apartments to get a makeover

    Westlake's Park Wilshire apartments to get a makeover

    A Sherman Oaks real estate firm plans to revamp an aging 1920s apartment building near MacArthur Park, the latest investment in a neighborhood that big investors long shunned because of high crime rates. MWest Holdings acquired the Park Wilshire apartments in Westlake this month for an undisclosed...

  • Solar-powered plane completes around-the-world journey

    Solar-powered plane completes around-the-world journey

    After 16 months and a 17-leg journey, a solar-powered plane finally completed its around-the-world flight attempt Monday evening when it touched down in Abu Dhabi, United Arab Emirates. The plane, called Solar Impulse 2, landed at Al Bateen Executive Airport a few minutes after 5 p.m. Pacific time,...

  • Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon Communications Inc. built its business on pipes and antennae. Now the nation’s biggest telecommunications company is assembling a different kind of network — one centered around eyeballs and advertisements. With its $4.83-billion acquisition of Yahoo Inc.’s core business on Monday, Verizon...

  • Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    In response to the ubiquity of “Pokemon Go,” investors immediately began snatching up Nintendo stock like, well, Pokemon, probably because the company is most closely associated with the game from its original conception as a cartridge game for Game Boy. Since July 6, when the game was released...

  • Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fell moderately on Monday as investors took a break after four weeks of gains that brought the market to record highs. Energy companies fell more than the rest of the market as the price of oil took another turn lower. Yahoo’s share price dropped $1.06, or 2.7%, to $38.32 after Verizon Communications...

  • California Inc.: Tesla set to open its new 'gigafactory'

    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. It’s a whole new day in TV World. Last week, Fox News’ big dog, Roger Ailes, resigned only...

  • Macy's tests artificial intelligence as a way to improve sales

    Macy's tests artificial intelligence as a way to improve sales

    Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they’re in — such as where a particular brand is located or what’s in stock — that they would normally ask a sales associate face-to-face.  The tool, which the nation's largest department...

  • Verizon to buy Yahoo for roughly $5 billion

    Verizon to buy Yahoo for roughly $5 billion

    Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is expected to be formally  announced  Monday before markets open, the reports said. Verizon had emerged in recent days as the front-runner...

  • Older, female and singled out for a pay cut

    Older, female and singled out for a pay cut

    Question: Our board is looking to expand our nonprofit organization, which is having a record revenue year. I am an executive and the second-highest-paid person in our office. I have been asked to take a pay cut, unrelated to my performance, which will make me the third- or fourth-highest-paid...

  • Boards, management companies cannot obstruct requests for association records

    QUESTION: Everything at our homeowner association has become too complicated for me to deal with! I recently asked our HOA board for copies of board meeting minutes for the last 12 months. I asked in person and also made a request via email to the management company. In response, management sent...

  • General Atomics' $40-million gamble on small nukes

    General Atomics' $40-million gamble on small nukes

    The scientists and engineers at General Atomics think the future of nuclear energy is coming on the back of a flatbed truck. The leadership at the San Diego company, which has been developing nuclear technologies for more than 60 years, has already spent $40 million in the expectation that its...

  • 'Bad Moms' producer Suzanne Todd learned to follow her instincts

    'Bad Moms' producer Suzanne Todd learned to follow her instincts

    The gig: Film producer Suzanne Todd has received Emmy and Golden Globe nominations, and her movies have grossed more than $2 billion worldwide.Todd has produced films for almost every major studio, with credits including “Alice in Wonderland,” “Memento” and the “Austin Powers” trilogy. Early in...

  • Tower of Terror to get superhero makeover at Disney California Adventure Park

    Tower of Terror to get superhero makeover at Disney California Adventure Park

    One of the most popular attractions at Disney California Adventure Park is about to undergo a major makeover to incorporate Disney’s stockpile of superhero characters. Twilight Zone Tower of Terror, an elevator-drop ride based on the old “Twilight Zone” television show, will close for good in January...

  • Uber and Lyft have nearly overtaken taxis and car rentals among business travelers

    Uber and Lyft have nearly overtaken taxis and car rentals among business travelers

    When the ride-hailing phenomenon kicked off about seven years ago, business travelers were reluctant to switch from taxi rides and rental cars to app-based ground transportation. But now business travelers are embracing Uber and Lyft rides in a big way. In fact, Uber and Lyft now account for 49%...

  • No food or drinks on long-haul international flights? No problem

    No food or drinks on long-haul international flights? No problem

    For the last few years, cheap, no-frills airfares have become popular for domestic and short-haul flights. After all, fliers who want to save a few bucks can endure a few hours in a cramped airline seat without food, drinks or onboard entertainment. Now air travelers can expect to see more airlines...

  • Pop star Ana Bárbara the latest to sue Wells Fargo over fake accounts

    Pop star Ana Bárbara the latest to sue Wells Fargo over fake accounts

    Wells Fargo employees and customers have complained for years that high-pressure sales tactics push bank workers to open fake accounts, which help employees meet sales quotas while costing customers extra fees. Now a Mexican pop star has sued the San Francisco banking giant, alleging the same kind...

  • Desert Trip to nearly double the economic impact in Coachella Valley

    Desert Trip to nearly double the economic impact in Coachella Valley

    The annual Coachella music blowout in Indio has become big business for the Palm Springs area, growing even bigger with the addition of the Stagecoach country music weekend in 2007. But now a third music festival, targeting baby boomers and classic rock fans, is expected to nearly double the spending...

  • Stocks creep up, setting another record high

    Stocks creep up, setting another record high

    Another day, another lazy drift higher for stocks and another record high. The Standard & Poor's 500 index rose 9.86 points, or 0.5%, to 2,175.03 on Friday. It surpassed its prior record set Wednesday by 0.09%, the latest nudge higher for a market that has taken a slow and steady path to all-time...

  • Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale of Yahoo’s core business is still being deliberated but could be announced early next week, according...

  • California to levy fee on rail cars carrying dangerous chemicals

    California to levy fee on rail cars carrying dangerous chemicals

    California plans to levy a fee on rail cars carrying dangerous chemicals across the state, starting later this year. The move follows several oil train derailments around the country, including in neighboring Oregon. A recent analysis conducted by the Office of Emergency Services found gaps in...

  • California boosts payrolls by 40,300 workers in June, but unemployment rises to 5.4%

    California boosts payrolls by 40,300 workers in June, but unemployment rises to 5.4%

    Defying critics of new state regulations, California continued to pad its hefty payrolls in June. Employers added a net 40,300 jobs over the month, the state reported Friday.  But unemployment in California increased to 5.4%, from 5.2% in May. The national unemployment rate also ticked up, to 4.9%...

  • Stocks climb, approaching record highs again

    Stocks climb, approaching record highs again

    Stocks are rising Friday, the latest nudge forward for a market that has taken a slow and steady path to record highs. Telecom and utility stocks led the way, as they have for much of this year. The Standard & Poor's 500 index was up 8 points, or 0.4%, to 2,173 at 2:22 p.m. Eastern time. The Dow...

  • Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    The SUV and compact SUV segments are the hottest in the auto industry, as continuing low gas prices drive more car buyers away from sedans and toward heavier sport vehicles. The luxury side of that business is hot too, as BMW, Audi, Mercedes-Benz, Lexus, Acura, Infiniti and others fight for space...

  • WeHo woman sues Uber for negligence after being raped by driver

    WeHo woman sues Uber for negligence after being raped by driver

    A West Hollywood woman sued Uber Technologies on Thursday, alleging that the ride-hailing company’s negligence led to her being raped by an Uber driver. The lawsuit, which was filed in the Superior Court of Los Angeles on behalf of the 27-year-old plaintiff, said the San Francisco company “aggressively...

  • Soylent CEO shakes up Montecito Heights with shipping-container home

    Soylent CEO shakes up Montecito Heights with shipping-container home

    Living in used shipping containers decked out with chic furnishings is becoming fashionable nationwide, from woodlands to desert hilltops. But on a dusty hilltop in Montecito Heights, one such eco-home has reportedly become an eyesore — and the object of a potential criminal complaint. Rob Rhinehart,...

  • Obama administration moves to block health insurance mega-mergers

    Obama administration moves to block health insurance mega-mergers

    The Obama administration went to court Thursday to block two major health insurance mergers, siding with consumer advocates and medical groups worried that the consolidation of large national health plans could lead to higher premiums. The long-anticipated move by the Justice Department and attorneys...

  • American Girl hopes a pint-sized doll cures its multimillion-dollar problem

    Times have been tough for toymaker American Girl.  First, Queen Elsa from "Frozen" took the doll aisle by storm, icing out other players. Then, last year, American Girl spiffed up the marketing and packaging of some of its dolls, only to find it didn't drive store traffic like executives hoped....

  • Chipotle struggles to win back customers

    Chipotle struggles to win back customers

    Chipotle is acting out of character in its desperation to win back customers — a struggle that its most recent sales results indicate could be a long one.  Chipotle Mexican Grill Inc. said Thursday that its sales were down 23.6% during the second quarter as it fights to recover from a series of...

  • Stocks close lower, breaking record-setting win streak

    Stocks close lower, breaking record-setting win streak

    Stocks fell Thursday after a mixed set of earnings reports put at least a temporary halt to the market's record-setting run. Airlines had some of the sharpest drops on worries that falling fares will hurt their profits. The Dow Jones industrial average sank, breaking a nine-day winning streak,...

  • Cannabis tech accelerator opens in Southern California

    Cannabis tech accelerator opens in Southern California

    As Californians consider legalizing recreational marijuana use, a few entrepreneurs are already casting their vote in favor of the state’s cannabis industry. The group, called Canopy San Diego, is accepting applications for its pot-themed technology accelerator, a first for Southern California....

  • Wells Fargo-Amazon deal offers a discount on private student loans

    Wells Fargo-Amazon deal offers a discount on private student loans

    Wells Fargo & Co. is offering discounted interest rates on private student loans to Amazon.com customers, creating a partnership with the online retail giant at a time when private lenders are fighting for market share. "We are focused on innovation and meeting our customers where they are — and...

  • Airbnb taps former U.S. Atty. Gen. Eric Holder to curb discrimination

    Airbnb taps former U.S. Atty. Gen. Eric Holder to curb discrimination

    Facing backlash for discrimination on its platform, Airbnb Inc. has enlisted former U.S. Atty. Gen. Eric Holder to curb bias on the vacation rental service. In a Tuesday blog post announcing the move, company CEO and co-founder Brian Chesky expressed support for the Black Lives Matter movement...

  • Tesla's stock falls after Elon Musk reveals his 'master plan'

    Tesla's stock falls after Elon Musk reveals his 'master plan'

    After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his “master product plan” for Tesla on Wednesday evening. Or, as he calls it, “part deux.” In a blog post published on the automaker’s website, Musk introduced a multiyear, four-pronged strategy that includes new...

  • New warning rule for users of generic drugs is left in limbo

    New warning rule for users of generic drugs is left in limbo

    Five years after the Supreme Court blocked most personal-injury lawsuits against makers of generic drugs, a rule designed to strengthen patient protections have stalled, leaving what consumer groups warn is a safety gap for millions of users. After several delays, the Food and Drug Administration...

  • The Muggles are coming: Harry Potter boosted attendance at Universal Studios, apps show

    The Muggles are coming: Harry Potter boosted attendance at Universal Studios, apps show

    The magic of Harry Potter has boosted attendance at Universal Studios theme parks across the country, with millennials in particular falling under the spell of the boy wizard.  That is the main conclusion from a study of foot traffic data collected by Foursquare, the tech company known for social...

  • Do jobs numbers indicate the strength of California's economy? Not really

    Do jobs numbers indicate the strength of California's economy? Not really

    On Friday, California will release its monthly jobs report, which will say something about the health of the state’s economy. What it’s saying, exactly, may not be clear. Every time the state releases jobs numbers, reporters (including this one) scramble to digest them and offer some context. But...

  • European Central Bank keeps interest rates at record low

    European Central Bank keeps interest rates at record low

    The European Central Bank left its key interest rates unchanged at record lows on Thursday as it assesses the impact on the economy of Britain's vote to leave the European Union. ECB President Mario Draghi is expected to use his post-decision news conference to underline the bank's willingness...

  • Automakers join forces on hacking, cyber security threats

    Automakers join forces on hacking, cyber security threats

    Automakers are sharing information on cyber security threats and working together on ways to respond when hackers strike, under guidelines being developed by the industry. Nearly all companies that sell cars and trucks in the U.S. have joined the Automotive Information Sharing and Analysis Center....

  • Controversy over Tesla 'autopilot' name keeps growing

    Controversy over Tesla 'autopilot' name keeps growing

    What’s in a name? For Tesla’s driver-assist system “autopilot,” plenty of controversy. Some of the most enthusiastic proponents of autonomous vehicles and features are worried that autopilot — not the technology itself, but the very name, which some find misleading — might slow down the evolution...

  • How a former Wal-Mart executive is helping the Air Force cut energy costs

    How a former Wal-Mart executive is helping the Air Force cut energy costs

    Wal-Mart is one of the nation’s largest private energy consumers, having to power millions of square feet of store space. So when the Obama administration wanted to cut energy bills for the Air Force — which consumes more energy than any other U.S. agency — it turned to the person who had led similar...

  • Yamaha, KTM, Harley and Honda take top Cycle World honors

    Yamaha, KTM, Harley and Honda take top Cycle World honors

    Cycle World Magazine has named its favorite motorcycles of the year, and the winner is ... everybody. Cycle World unveiled this year’s winners at its 40th anniversary awards ceremony, held at the Petersen Automotive Museum in Los Angeles on Wednesday night.  The 10 winning motorcycles, in 10 categories,...

  • Billion Dollar Shave Club: L.A. start-up is purchased by Unilever for a staggering sum

    Billion Dollar Shave Club: L.A. start-up is purchased by Unilever for a staggering sum

    One of the darlings of the Los Angeles’ start-up scene is cashing in on a $1-billion payday — a rise fueled by a disruptive business model and a series of offbeat viral ads. But this company does not traffic in virtual reality headsets, video games or disappearing messages. Its business, instead,...

  • Embezzled Malaysian funds financed L.A. real estate and 'Wolf of Wall Street,' Justice Department says

    Embezzled Malaysian funds financed L.A. real estate and 'Wolf of Wall Street,' Justice Department says

    Along the winding roads of some of L.A.'s toniest neighborhoods and in the often-opaque world of Hollywood film finance, federal officials say Malaysian officials stashed some of the billions they embezzled from a public fund. The Justice Department moved Wednesday to seize more than $1 billion...

  • Stocks keep reaching new highs, led by Microsoft and other tech companies

    Stocks keep reaching new highs, led by Microsoft and other tech companies

    Stocks took another modest step into record territory Wednesday after several companies reported profits that were stronger than expected, if not strong. Technology stocks led the way following an encouraging report from Microsoft. Both the Standard & Poor's 500 index and Dow Jones industrial average...

  • As PCs decline, Microsoft is betting its future on the cloud

    As PCs decline, Microsoft is betting its future on the cloud

    In a world where there's a smartphone app for everything, one company — Amazon.com Inc. — has long been the host for an outsized share of online software and computing services. Microsoft Corp. Chief Executive Satya Nadella wants to change that. Nadella has poured billions of dollars into building...

  • Is 'Pokemon Go' catching all your monthly data? Congress wants to know.

    Is 'Pokemon Go' catching all your monthly data? Congress wants to know.

    Three House lawmakers have written to the chief executive of Niantic Inc. questioning the effect of the company’s blockbuster “Pokemon Go” app on consumers’ mobile data usage. “Users have reported maxing out their their monthly data usage plans within a week of playing and have complained of eating...

  • AB InBev says SABMiller acquisition is on track for U.S. approval

    AB InBev says SABMiller acquisition is on track for U.S. approval

    Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department clearing the way for U.S. approval of its acquisition of SABMiller. AB InBev, the Belgium-based maker of Budweiser and Bud Light, says it will sell SABMiller's...

  • A U.S. consumer panned a Chinese product on Amazon. Then things got crazy

    A U.S. consumer panned a Chinese product on Amazon. Then things got crazy

    E-commerce is bringing buyers and sellers together across borders like never before — but it’s not all smooth sailing. Just ask Mathew Garrett of Oakland. Garrett, who works in IT security, bought an Internet-connected power socket last month from a Chinese vendor called AuYou on Amazon. After...

  • San Onofre reactor leaked radiation after being misused, report says

    San Onofre reactor leaked radiation after being misused, report says

    Owners of the failed San Onofre nuclear power plant operated the reactor outside the allowable limits for pressure and temperature, causing the radiation leak that shut down the facility for good, a new report has found. Citing documents recently obtained from the U.S. Nuclear Regulatory Commission,...

  • Two major healthcare mergers could be in trouble amid competition concerns

    Two major healthcare mergers could be in trouble amid competition concerns

    Two major health insurance deals that would reshape the industry’s landscape — Anthem Inc.’s purchase of Cigna Corp. and Aetna Inc.’s deal to acquire Humana Inc. — appear to be in trouble amid concerns they would reduce competition. The Justice Department, which has been reviewing both transactions,...

  • Pimco's next CEO will be Manny Roman of Man Group

    Pimco's next CEO will be Manny Roman of Man Group

    Pimco, one of the world's biggest bond investors, has nabbed the head of hedge fund giant Man Group to be its next chief executive. Pimco said Wednesday that Manny Roman will replace current CEO Douglas Hodge, who will become a managing director. The Newport Beach firm boasts $1.5 trillion in assets...

  • Should augmented-reality games like 'Pokémon Go' place limits on the real-world locations they include?

    Should augmented-reality games like 'Pokémon Go' place limits on the real-world locations they include?

    The magic of “Pokemon Go” is in the way it overlays the Pokemon world atop the real world. Step outside and you’ll spot cartoonish creatures to capture. Head to a place where people congregate — say a park or a bus stop — and you’ll battle other players or encounter the rarest beasts.  In the two...

  • Nuclear’s next-generation reactor?

    Nuclear’s next-generation reactor?

    If the EM2 technology performs as designed, it would produce power at up to 40% lower cost than today’s existing nuclear reactors and produce electricity at much higher density. Factory built The reactor and other major plant components are manufactured in assembly-line fashion to drive down construction...

  • Hyperloop One wants $250 million from the 'Gang of Four' that sued the start-up

    Hyperloop One wants $250 million from the 'Gang of Four' that sued the start-up

    Hyperloop Technologies Inc. is seeking at least $250 million in damages from four former high-ranking employees who the company says tried to incite rebellion within the Los Angeles start-up. Now referring to itself as Hyperloop One, the firm says then-Chief Technology Officer Brogan BamBrogan...

  • Stocks end mixed; Netflix shares dive

    Stocks end mixed; Netflix shares dive

    Stocks ended mixed Tuesday as investors let up on the accelerator after a three-week rally sent indexes to all-time highs. The Dow Jones industrial average inched up 25.96 points, or 0.1%, for its eighth consecutive gain to set another record at 18,559.01. But the Standard & Poor's 500 index pulled...

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