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  • Tesla reports fourth-quarter and full-year results, says Model 3 on track

    Tesla reports fourth-quarter and full-year results, says Model 3 on track

    In a closely watched earnings report Wednesday, Tesla Inc. reported fourth-quarter and full-year results and assured investors that it is on schedule to produce its long-awaited mid-market Model 3 electric car.  For the three months ended Dec. 31, the company lost $219.4 million, or 78 cents a...

  • Stocks mostly slip, but Dow hits a new record high

    Stocks mostly slip, but Dow hits a new record high

    U.S. stocks mostly slipped Wednesday after their recent record-setting run. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals would win approval from regulators. While energy stocks fell with the price of oil, most other sectors didn't make big moves....

  • Aerojet Rocketdyne buys missile-target maker and may provide satellite launches

    Aerojet Rocketdyne buys missile-target maker and may provide satellite launches

    In a deal that could have implications for the satellite launch business, rocket engine manufacturer Aerojet Rocketdyne has acquired leading missile-target developer Coleman Aerospace for $15 million in cash. The deal, which is expected to close Friday, will allow Aerojet Rocketdyne — a unit of...

  • AwesomenessTV CEO and founder Brian Robbins leaves video company

    AwesomenessTV CEO and founder Brian Robbins leaves video company

    Brian Robbins, the co-founder and chief executive of teen-focused online video network AwesomenessTV, is leaving the company after five years, he told staff Wednesday.  Robbins did not cite a reason for his exit, but his departure comes six months after parent company DreamWorks Animation was acquired...

  • Two-thirds of Americans aren't using this easy way to save for retirement

    Two-thirds of Americans aren't using this easy way to save for retirement

    Less than one-third of Americans are saving money in their 401(k)s and other workplace retirement accounts, according to an analysis of tax records by Census Bureau researchers. Although nearly 80% of Americans work for an employer that offers a retirement program — whether a 401(k), 403(b) or...

  • Fed officials indicate another interest rate hike could come 'fairly soon'

    Fed officials indicate another interest rate hike could come 'fairly soon'

    Federal Reserve policymakers said at their latest meeting that another small hike in a key interest rate could come "fairly soon," opening the door a bit wider to an increase next month, according to minutes of the meeting released Wednesday. Fed officials reiterated their "considerable uncertainty"...

  • Americans buy existing homes at fastest pace in a decade

    Americans buy existing homes at fastest pace in a decade

    Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Home sales rose 3.3% in January from December to a seasonally...

  • SpaceX Dragon capsule aborts attempt to dock at International Space Station

    SpaceX Dragon capsule aborts attempt to dock at International Space Station

    A SpaceX capsule carrying more than 5,000 pounds of cargo aborted its attempt to dock at the International Space Station early Wednesday because of an “easily correctable” GPS error, officials said. It is scheduled to try again Thursday. This was not the mission’s first small delay. Hawthorne-based...

  • Lexus and Porsche tie in J.D. Power reliability study

    Lexus and Porsche tie in J.D. Power reliability study

    Lexus and Porsche tied for the top spot in auto information company J.D. Power’s annual vehicle reliability study. But other Japanese, German, South Korean and American brands also scored extremely well. The study targeted 35,000 owners of model year 2014 vehicles who have driven their vehicles...

  • China's clampdown on foreign investments raises questions for Hollywood as Wanda's Dick Clark deal stalls

    China's clampdown on foreign investments raises questions for Hollywood as Wanda's Dick Clark deal stalls

    The Chinese government’s recent clampdown on money leaving the country has broad repercussions for industries like mining and real estate. Now the crackdown may have reached Hollywood’s doorstep. Dalian Wanda Group’s agreement to buy Dick Clark Productions, producer of the Golden Globe Awards, for...

  • Universal Studios Hollywood raises gate ticket prices

    Universal Studios Hollywood raises gate ticket prices

    About a week after Disneyland raised its ticket prices, Universal Studios Hollywood hiked attendance prices an extra $5 per visitor. The daily ticket price at the gate rose to $120 from $115, on top of increases adopted last year of up to 20%. Universal Orlando also raised prices over the weekend...

  • Wal-Mart's online sales jump 29% as it works to make inroads against Amazon

    Wal-Mart's online sales jump 29% as it works to make inroads against Amazon

    The nation's largest retailer keeps working to make headway against the largest online seller. Wal-Mart Stores Inc. drew more shoppers to its namesake stores in the United States and its online sales soared 29% in its fiscal fourth quarter, which covers the crucial holiday shopping season. That's...

  • Stocks hit new records as an appetite for deals sends food companies up

    Stocks hit new records as an appetite for deals sends food companies up

    Stocks again broke records Tuesday as investors came back from a long weekend hungry for deals. Although Kraft Heinz and Unilever couldn't agree to a proposed $143-billion mega-merger, food and household goods makers rose as investors bet that other deals are coming. Companies that make packaged...

  • Head of U.S. Honda to leave air bags behind, turn to gin and vodka

    Head of U.S. Honda to leave air bags behind, turn to gin and vodka

    The U.S. head of Honda is retiring to make gin and vodka with his sons. John Mendel, 62, executive vice president for the Japanese carmaker at American Honda Motor Co. in Torrance, told a group of dealers Monday night that he’s retiring. He goes out on a high note: Honda sales in the U.S. last...

  • Facebook Messenger gets a bot that can help send your money across the world

    Facebook Messenger gets a bot that can help send your money across the world

    Sending money to a friend or relative abroad just got a little easier for users of Facebook Messenger. On Tuesday, London-based money transfer company TransferWise introduced a bot to facilitate money transfers via the social media giant’s messaging platform. For now, the service is available only...

  • Jordan Peele horror movie 'Get Out' takes on 'Lego Batman' at the box office

    Jordan Peele horror movie 'Get Out' takes on 'Lego Batman' at the box office

    Oscar week is here, which means Hollywood’s attention is more focused on gold statuettes than new movies opening at the multiplex. But Sunday’s star-studded gala at the Dolby Theatre won’t necessarily turn the box office into a snooze-fest. One reason to pay attention is “Get Out,” the critically...

  • Hong Kong Disneyland reports a 2016 loss as visitor slump worsens

    Hong Kong Disneyland reports a 2016 loss as visitor slump worsens

    Two weeks after Walt Disney Co. launched a bailout of struggling Euro Disney, another international Disney resort revealed that its financial woes grew last year. Hong Kong Disneyland reported a second consecutive annual loss on an 11% drop in attendance and a 7% decline in revenue. The $22-million...

  • 'xXx' and 'La La Land' sweep China's box office

    'xXx' and 'La La Land' sweep China's box office

    Hollywood movies lit up China’s box office last week with Paramount’s “xXx: Return of Xander Cage” leading the way, followed by the award-winning musical “La La Land.” The action thriller, starring Vin Diesel and Chinese kung fu star Donnie Yen, topped the box-office charts for the second week...

  • Uber hires Eric Holder to investigate sexual harassment claims

    Uber hires Eric Holder to investigate sexual harassment claims

    Uber has hired former U.S. Atty. Gen. Eric H. Holder Jr. to help lead an investigation into claims of sexual harassment and discrimination that a former female employee made public over the weekend in a highly circulated blog post. Chief Executive Travis Kalanick told employees in a memo Monday...

  • Sprawling former Toyota headquarters campus in Torrance is up for sale

    Sprawling former Toyota headquarters campus in Torrance is up for sale

    Looking for an office complex with its own helipads, swimming pool, data center and emergency power? One just hit the market in Torrance: the longtime North American headquarters of Japanese car manufacturer Toyota, which is consolidating its U.S. operations in Texas. Toyota announced its plans...

  • Burger King's parent is buying the Popeyes chicken chain for $1.8 billion

    Burger King's parent is buying the Popeyes chicken chain for $1.8 billion

    Restaurant Brands International Inc. said it's buying Popeyes Louisiana Kitchen Inc. for $1.8 billion, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons. The move fits with Restaurant Brands' approach of taking over well-known fast-food chains it...

  • Two new venture capital funds in L.A.: One for gaming. One for business software

    Two new venture capital funds in L.A.: One for gaming. One for business software

    Investing in start-ups trying to make video games has fallen out of favor in much of the venture capital community. They’re difficult-to-predict businesses, driven more by characters and animation than by novel technology and often have limited potential buyers if they don’t work out as well as...

  • Tesla earnings preview: Analysts want details on Model 3 and Gigafactory

    Tesla earnings preview: Analysts want details on Model 3 and Gigafactory

    Tesla bull or Tesla bear, it doesn’t matter.  When the company reports earnings Wednesday, hard-core investors and analysts of all persuasions are likely to shrug off the specific results. “The numbers mean nothing right now,” said Trip Chowdry, managing director at Global Equities Research and...

  • Unilever shares slide after Kraft Heinz withdraws its $143-billion bid

    Unilever shares slide after Kraft Heinz withdraws its $143-billion bid

    Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, fell sharply in overseas trading after rival Kraft Heinz withdrew a $143-billion takeover offer. The companies said Sunday in a joint press release that Kraft Heinz has “amicably” abandoned the offer. Shares in Unilever...

  • Big changes planned for the sell-by dates on food packaging

    Big changes planned for the sell-by dates on food packaging

    The majority of Americans have no clear idea what "sell by" labels are trying to tell them. But after 40 years of letting us guess, the grocery industry has made moves to clear up the confusion. The Food Marketing Institute and the Grocery Manufacturers Assn., the two largest trade groups for the...

  • A Palm Desert retreat right out of the Sultan of Swoon's handbook

    A Palm Desert retreat right out of the Sultan of Swoon's handbook

    Singer Frank Sinatra’s Villa Maggio getaway takes in panoramic views from its perch above the Coachella Valley. The Palm Desert retreat includes three houses, a swimming pool, a tennis court and a helipad for quick trips to or from Hollywood. The 7.5-acre site has room to park 24 vehicles — that...

  • California Inc.: Hollywood is getting ready for its close-up

    California Inc.: Hollywood is getting ready for its close-up

    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. Tax day — that would be April 18 — is fast approaching. President Trump has yet to reveal...

  • Snapchat Spectacles are now sold online as vending machines take a break

    Snapchat Spectacles are now sold online as vending machines take a break

    If you didn’t race out to Venice to get them, or stand in an endless line in Santa Monica, or catch a helicopter ride to the middle of the Grand Canyon, or speed down Pacific Coast Highway or brave the Manhattan cold, or pay a premium on EBay, well, you finally can just go online to buy Spectacles....

  • Kraft Heinz drops $143-billion offer for Unilever

    Kraft Heinz drops $143-billion offer for Unilever

    Kraft Heinz has decided to withdraw its $143-billion offer to buy Unilever, the companies announced Sunday in a joint news release. Unilever — which has a head office in London and makes mayonnaise, tea and seasonings — earlier had spurned the offer, saying the price was too low. Despite rejection,...

  • SpaceX launches supplies to space station; 'Baby came back,' Elon Musk says of booster's return

    SpaceX launches supplies to space station; 'Baby came back,' Elon Musk says of booster's return

    SpaceX launched almost 5,500 pounds of supplies to the International Space Station on Sunday morning after scrubbing its Saturday attempt because of a potential issue with its Falcon 9 rocket. The rocket lifted off at 6:39 a.m. PST from Kennedy Space Center in Florida. It was the Hawthorne-based...

  • Does a landlord need to give a reason for evicting a tenant?

    Does a landlord need to give a reason for evicting a tenant?

    Question: I’ve been living in a great apartment close to work for three years. My lease ended after a year, and I am now going month to month. I love the location, felt safe and planned to live here a long time. Last week, my landlord served me with a “60 Day Notice to Quit.” I don’t know what...

  • He's looking for the secret recipe to educate business leaders

    He's looking for the secret recipe to educate business leaders

    The gig: Deryck van Rensburg is the new dean of Pepperdine University’s Graziadio School of Business and Management in Malibu. He took over in November after spending 32 years in international business with consumer-products giant Unilever and then Coca-Cola Co. His task: To reinvigorate the business...

  • How to make sure your financial planner is looking out for you

    How to make sure your financial planner is looking out for you

    Dear Liz: As a recent retiree, I opened an IRA with a well-reputed, independent financial planner. I was assured of our fiduciary relationship and told “besides, it will soon be law” that advisors will have to put their clients’ interests first when offering advice about retirement funds. I guess...

  • SpaceX scrubs launch, will try again Sunday morning

    SpaceX scrubs launch, will try again Sunday morning

    SpaceX scrubbed its launch of a space station supply mission seconds before liftoff Saturday morning, citing a possible problem with the second stage of its Falcon 9 rocket. The Hawthorne space company said it would try to launch again Sunday at 6:38 a.m. Pacific time from Launch Complex 39A at...

  • In-flight calls? The American people are overwhelmingly opposed

    In-flight calls? The American people are overwhelmingly opposed

    If you think that allowing mobile phone calls on commercial flights is a bad idea, you are not alone. That is the main conclusion that comes from reading the more than 7,000 comments made by Americans in response to a proposal by the U.S. Department of Transportation to keep in place a ban on in-flight phone...

  • What should airline passengers do if a pilot acts bizarrely?

    What should airline passengers do if a pilot acts bizarrely?

    When a pilot on a United Airlines flight from Austin to San Francisco launched into a bizarre rant last week over the plane intercom, the 120 passengers in the cabin were put in the awkward position of looking after their own safety. The pilot, who rambled on about Donald Trump, Hillary Clinton...

  • Delta Air Lines is bringing back free meals on some domestic flights

    Delta Air Lines is bringing back free meals on some domestic flights

    Apparently there is such a thing as a free lunch — at Delta Air Lines. The Atlanta-based carrier announced that it will offer free meals for all passengers on several long-haul domestic flights — a service that many airlines eliminated about a decade ago in the face of tight budgets and fierce...

  • Kaiser nurses reach tentative labor agreement with Los Angeles Medical Center

    Kaiser nurses reach tentative labor agreement with Los Angeles Medical Center

    Nurses at the Los Angeles Medical Center are set to get a pay raise, overtime protections and more professional support under the terms of a tentative collective bargaining agreement struck Thursday. In reaching the agreement, the California Nurses Assn., the union representing 1,200 registered...

  • DineEquity CEO to resign as restaurant firm's earnings decline

    DineEquity CEO to resign as restaurant firm's earnings decline

    DineEquity Inc. said Friday that Julia Stewart plans to resign as chairman and chief executive of the Glendale-based parent of the Applebee’s and IHOP restaurant chains, effective March 1. The company gave no reason for Stewart’s departure, but it comes as DineEquity reported declines in preliminary...

  • Additional delays likely for SpaceX and Boeing astronaut capsules, report says

    Additional delays likely for SpaceX and Boeing astronaut capsules, report says

    NASA should make alternative plans to ensure access to the International Space Station beyond 2018 because of further delays that are likely for SpaceX and Boeing Co. in certifying their astronaut transport capsules, according to a government watchdog report released Thursday.  The two companies...

  • South Korean court declares Hanjin bankrupt

    South Korean court declares Hanjin bankrupt

    A South Korean court has declared Hanjin Shipping Co. bankrupt, about six months after the struggling shipper first filed for bankruptcy. The Seoul Central District Court said Friday it had appointed a bankruptcy administrator and that claims by creditors are due May 1, according to Reuters. The...

  • Take a cue from Tom Brady. Resilience on the job can pay big rewards

    Take a cue from Tom Brady. Resilience on the job can pay big rewards

    More than 111 million people watched the biggest comeback in Super Bowl history when the New England Patriots scored 31 unanswered points to beat the Atlanta Falcons in overtime. It would have been easy for the Patriots to give up and begin thinking about some well-deserved time off. But what we...

  • Stocks slow down after a record-setting run

    Stocks slow down after a record-setting run

    The Standard & Poor's 500 index slipped Thursday — breaking a seven-day winning streak, its longest in 3½ years — though it remains a nudge away from its record high. It was part of a pause for stock markets around the world, which have been on a torrid run thanks to an improving economy, stronger...

  • Singapore firm acquires L.A. pioneer of extended-stay corporate housing

    Singapore firm acquires L.A. pioneer of extended-stay corporate housing

    Oakwood Worldwide, a Los Angeles real estate firm known for pioneering extended-stay housing, has been acquired by a Singapore development company. Mapletree Investments paid an undisclosed sum for the Los Angeles firm that has properties locally, across the United States and overseas. It bills...

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