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Toys R Us says its bankruptcy won't interrupt the holiday shopping season

With it spacious, high-ceiling stores that hold thousands of items, Toys R Us pioneered the big-box format for toy sales and became the go-to destination for playthings and baby products — elbowing many smaller toy stores out of business. Now, Toys R Us Inc. has tumbled into bankruptcy, filing...

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  • Video streaming pioneer Roku aims to raise up to $252 million with IPO

    Video streaming pioneer Roku aims to raise up to $252 million with IPO

    Roku Inc., the leading maker of devices for streaming Internet video on televisions, hopes to raise up to $252 million with an initial public stock offering. The Los Gatos, Calif., company’s IPO registration filing Monday came the day after the growing popularity of streaming video platforms such...

  • Emmy Awards draw 11.4 million viewers to CBS telecast, even with last year

    Emmy Awards draw 11.4 million viewers to CBS telecast, even with last year

    The CBS telecast of the 69th Emmy Awards was watched by about 11.4 million viewers on Sunday, roughly equaling last year’s audience level. The good news for CBS is the number did not decline from 2016, when the broadcast aired on ABC and hit an all-time low. Ratings for the Emmys have been on a...

  • California Inc.: Why you'll want to rethink a weekend road trip to Mexico

    California Inc.: Why you'll want to rethink a weekend road trip to Mexico

    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. We learned Friday that California lost 8,200 net jobs in August and the unemployment rate...

  • Sinking under a heavy debt load? There's help

    Sinking under a heavy debt load? There's help

    Dear Liz: I am trying to get my finances in order and, like many, I am struggling. The majority of my debt comes from student loans, but I also have unsecured debt that is weighing me down. I work for a nonprofit and know I need to contact my lenders to try to enroll in the Public Service Loan...

  • Legislature passes bills to reform PACE energy-efficiency loan program

    Legislature passes bills to reform PACE energy-efficiency loan program

    Two bills that would boost protections for consumers taking out PACE home-improvement loans are headed to Gov. Jerry Brown’s desk after passing the Legislature. The regulations come amid criticism by consumer advocates that too many borrowers are taking out unaffordable loans for solar panels and...

  • If Google invests in Lyft, what does that mean for Uber?

    If Google invests in Lyft, what does that mean for Uber?

    Uber was the indisputable No. 1 player in the domestic on-demand transportation industry. And by its workforce size, passenger count and capital raised, it still is. But reports on Thursday from Bloomberg and Axios that Google's parent company, Alphabet, is mulling over a $1-billion investment...

  • AMC hires former Fox Entertainment executive David Madden

    AMC hires former Fox Entertainment executive David Madden

    Just two weeks following his announced departure from Fox Broadcasting Co. where he served as the head of entertainment, David Madden has landed at AMC Networks, where he will take the role of president of original programming for AMC, SundanceTV and AMC Studios. Madden is set to begin his new...

  • Martin Shkreli is in jail with terrorism and mob suspects, and no Internet

    Martin Shkreli is in jail with terrorism and mob suspects, and no Internet

    Inmate No. 87850-053 has no Internet access. That could be the least of the inconveniences ahead for “Pharma Bro” Martin Shkreli, whose online rantings about Hillary Clinton prompted a judge this week to revoke his bail and put him in the Metropolitan Detention Center, a fortress-like federal jail...

  • African Americans are the only U.S. racial group earning less than in 2000

    African Americans are the only U.S. racial group earning less than in 2000

    African Americans were worse off financially in 2016 than they were in 2000. The median income for an African American household was $39,490 last year, according to U.S. Census Bureau data released this week. It was $41,363 in 2000. (Both figures are in 2016 dollars, so they have been adjusted...

  • SoFi CEO steps down abruptly, facing allegations of fostering toxic culture

    SoFi CEO steps down abruptly, facing allegations of fostering toxic culture

    Mike Cagney, the co-founder and chief executive of financial services start-up SoFi, stepped down Friday amid allegations that he fostered a company culture that enabled sexual harassment. Tom Hutton, executive chairman of the San Francisco company, will become interim CEO. “The business is strong,...

  • NFL ratings take a hit from Hurricane Irma coverage

    NFL ratings take a hit from Hurricane Irma coverage

    The hopes of an NFL ratings comeback in the season’s opening week were washed out by hurricane coverage on Sunday. According to Nielsen data, the overall audience for the first week’s games was down 13% over last season, when interest in the 2016 presidential election campaign was blamed for cutting...

  • Dow ekes out another record high; other stock indexes fall

    Dow ekes out another record high; other stock indexes fall

    It was a split decision on Wall Street on Thursday as gains in a handful of industrial and healthcare companies largely outweighed sluggishness elsewhere in the market, including the technology sector. Sizable gains by Boeing and United Technology were enough to push the Dow Jones industrial average...

  • FTC confirms it's investigating Equifax data breach — a highly unusual comment

    FTC confirms it's investigating Equifax data breach — a highly unusual comment

    The Federal Trade Commission said Thursday it is investigating the massive data breach at credit reporting firm Equifax, adding America’s top consumer watchdog to the chorus of federal lawmakers and regulators expressing alarm over the unauthorized access of 143 million Americans’ personal data...

  • Google faces class-action suit alleging gender pay discrimination

    Google faces class-action suit alleging gender pay discrimination

    Google faces a new lawsuit accusing it of gender-based pay discrimination. A lawyer representing three female former Google employees is seeking class-action status for the claim. The suit, filed Thursday in San Francisco Superior Court, follows a federal labor investigation that made a preliminary...

  • Nestle scoops up Blue Bottle Coffee, buying a majority stake

    Nestle scoops up Blue Bottle Coffee, buying a majority stake

    Blue Bottle Coffee, the Oakland-based coffee roaster and retailer known for its high-end specialty coffee, is now part of Swiss food giant Nestle. Nestle and Blue Bottle announced the acquisition — a majority stake for Nestle — on their respective websites Thursday. Blue Bottle will continue to...

  • Elon Musk posts blooper reel of crashing SpaceX rockets

    Elon Musk posts blooper reel of crashing SpaceX rockets

    SpaceX has now made landing rockets seem somewhat routine, but it wasn’t long ago that the company’s attempts to bring back the first-stage booster often ended in fire. The Hawthorne firm’s chief executive, Elon Musk, tweeted out a video Thursday morning titled, “How not to land an orbital rocket...

  • Blue paint is dumped on Wall Street 'Charging Bull' statue's head

    Blue paint is dumped on Wall Street 'Charging Bull' statue's head

    Police are looking for vandals who dumped blue paint over the iconic “Charging Bull” statue on Wall Street. Authorities say the paint was noticed on the bull's head at about 7:30 a.m. Eastern Time on Thursday. A sash was draped over the neighboring “Fearless Girl” statue. It read “Draw the blue...

  • Craig Carton resigns from 'Boomer and Carton' sports radio show, facing fraud charges

    Craig Carton resigns from 'Boomer and Carton' sports radio show, facing fraud charges

    Craig Carton resigned from WFAN’s top-rated “Boomer and Carton” radio program a week after being arrested on federal charges that he fraudulently raised money to pay off gambling debts. Carton, who co-hosted the program with former NFL star Boomer Esiason for 10 years, said he did not want his...

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  • 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...

  • 5 steps to creating happiness in your workplace

    5 steps to creating happiness in your workplace

    Each workday, the average American spends 8.8 hours at work or on work-related activities, according to the Bureau of Labor Statistics. That’s even more time than people spend sleeping. And because we spend so much time at work, it's in your and your employer’s best interest to make workplaces...

  • 6 pet-related businesses you can start today

    6 pet-related businesses you can start today

    Starting your own business can nurture your entrepreneurial spirit, earn you some money and give you the opportunity to spend more time with your family — including your pets. So what job can you do that doesn't necessarily require a degree, affords you time flexibility, is in a growing industry...

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