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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...

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  • Wells Fargo fires former L.A. regional president, 3 other managers after scandal

    Wells Fargo fires former L.A. regional president, 3 other managers after scandal

    Wells Fargo & Co. said Tuesday that it has fired four senior managers in the aftermath of the scandal over unauthorized accounts opened without customers’ knowledge or consent. The executives were the first terminations disclosed by the banking giant since the high-profile resignation of former...

  • Yahoo salvages Verizon deal by giving it a $350-million discount 

    Yahoo salvages Verizon deal by giving it a $350-million discount 

    Yahoo Inc. is taking a $350-million hit on its previously announced $4.8-billion sale to Verizon Communications Inc. in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement announced Tuesday eases investor worries...

  • 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...

  • 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...

  • 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...

  • Republicans make killing consumer protections a top priority

    Republicans make killing consumer protections a top priority

    There’s a lot important stuff going down that our leaders need to deal with — immigration, climate change, Russians running amok. So what are Republican lawmakers doing? They’re busy with legislation aimed at stripping Americans of consumer protections. About a half-dozen bills take aim at various...

  • 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...

  • 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...

  • 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...

  • 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...

  • Five tips for investing in your 30s

    Five tips for investing in your 30s

    In your 20s, funding your 401(k) might have sounded like a good goal … for your 30s. Now that your 30s are here, you may be nervously noticing the countless articles on the virtues of investing in your 20s. Don’t worry. You’re definitely not too old to reap the benefits of investing. Getting started...

  • Here are best practices for storing an HOA's electronic and hard-copy documents

    Here are best practices for storing an HOA's electronic and hard-copy documents

    Question:  Our association has struggled with document storage and management. Most of our important documents are in an electronic format and some are in hard copy. Each time we change management, it seems we have troubles getting back all of our files. The companies claim they have returned them...

  • ABC sells all its Oscar ad time; advertisers brace for political speeches

    ABC sells all its Oscar ad time; advertisers brace for political speeches

    ABC Television network is collecting about $2 million for each 30-second advertising spot in the upcoming 89th Academy Awards broadcast — a healthy boost over last year’s prices. Burbank-based ABC, a unit of Walt Disney Co., announced Friday that it had sold all its commercial inventory for the...

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