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How crowdfunding has made flipping houses a lot easier

David Berneman isn't developing an app. His company isn't venture backed. In fact, his business is about as low-tech as it gets: He buys houses, fixes them up and flips them. But he too is funded by the crowd. Berneman's family business, Golden Bee Properties, borrowed $1 million to buy a West...

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  • Entrepreneur inspired by video game competition is launching Global Poker League

    Entrepreneur inspired by video game competition is launching Global Poker League

    Hordes of screaming fans are turning up at arenas or tuning in through apps to watch video game players duel each other. Now a veteran gambling entrepreneur is betting he can bring a huge, frenzied fandom to poker too. This month, Alexandre Dreyfus is launching the Global Poker League, an ambitious...

  • California stem cell agency may fund tests to edit genes in human embryos

    A California agency funded by taxpayers is considering whether it should support scientific research aimed at genetically modifying human embryos — work so controversial that the federal government won't pay for it. The state's stem cell institute is reviewing its ethics guidelines to determine...

  • Uber will pay $28.5 million to settle two class-action lawsuits over safety claims

    Uber will pay $28.5 million to settle two class-action lawsuits over safety claims

    Uber has agreed to pay $28.5 million to roughly 25 million customers to settle two class-action lawsuits related to the way the company represented its background checks and the fees it charged passengers.As part of the settlement, filed Thursday in the U.S. District Court in the Northern District...

  • Amazon's bookstore buzz hits San Diego

    Amazon's bookstore buzz hits San Diego

    Amazon is coming to town. But instead of catering to couch potatoes, the company is targeting people who prefer to browse or shop in actual stores. The Seattle-based e-commerce giant is hiring store managers, booksellers and gadget enthusiasts for an Amazon Books retail store in the "La Jolla or...

  • L.A. builder KB Home settles allegations of building defects

    L.A. builder KB Home settles allegations of building defects

    KB Home, one of the nation’s largest home builders, reached a $23.5-million settlement with the Florida attorney general's office to resolve allegations of shoddy construction and deceptive business practices. The office of Florida Atty. Gen. Pam Bondi alleged that the Los Angeles company failed...

  • Hampton Creek, creator of egg-free Just Mayo, gains a victory in the food wars

    Hampton Creek, creator of egg-free Just Mayo, gains a victory in the food wars

    Hampton Creek, a San Francisco food-tech company, was surprised when its arch-adversary, Unilever, recently announced an egg-free spread under its Hellmann's label. After all, the food conglomerate had sued Hampton Creek over its egg-free Just Mayo, arguing that you can't make mayonnaise without...

  • Southwest Airlines makes bid to serve Long Beach Airport

    Southwest Airlines makes bid to serve Long Beach Airport

    Southwest Airlines, the nation's most popular domestic carrier, has submitted an application to begin daily service out of Long Beach Airport starting later this year. If the application is approved by the city of Long Beach and the Federal Aviation Administration, the Dallas carrier would join...

  • Tesla Motors' net loss more than doubles in fourth quarter

    Tesla Motors' net loss more than doubles in fourth quarter

    Tesla Motors Inc. reported an unexpectedly large fourth-quarter loss of $320 million on Wednesday as the maker of luxury electric cars incurred heavy costs related to developing two new models.The Palo Alto company's primary car is the Model S sedan, and last fall it launched the Model X sport...

  • Twitter shares nosedive after company reports no user growth in fourth quarter

    Twitter shares nosedive after company reports no user growth in fourth quarter

    In less than a year, Twitter Inc. has lost its chief executive, replaced him with one who's still running another company, introduced new features that have generated about as much excitement as a golf clap, lost five more key executives and inspired the antemortem #RIPTwitter.On Wednesday, the...

  • Fed could delay raising interest rates, Janet Yellen indicates

    Fed could delay raising interest rates, Janet Yellen indicates

    Federal Reserve Chairwoman Janet L. Yellen indicated Wednesday that the Federal Reserve could delay further raising a key interest rate while the U.S. economy faces increased pressure from slower global growth and roiling financial markets.Despite those risks, Yellen said the U.S. appeared to be...

  • Farm worker union activities are trespassing, rights group charges

    Farm worker union activities are trespassing, rights group charges

    A proposal by the state's farm labor watchdog to go out into fields to tell farmworkers about their rights is running into strong opposition from growers, who fear that the agency is about to mix policing with education.The Pacific Legal Foundation, a conservative land rights group, fired a shot...

  • Stocks' early rally is mostly gone by the closing bell

    Stocks' early rally is mostly gone by the closing bell

    The Federal Reserve’s latest signals on interest rates gave U.S. stocks a lift for much of Wednesday, but the rally didn’t last. A sell-off in the final minutes of trading knocked the Dow Jones industrial average and the Standard & Poor’s 500 index slightly into the red. The slide extended a three-day...

  • Viacom and Snapchat strike bigger ad and content deal

    Viacom and Snapchat strike bigger ad and content deal

    Viacom and Snapchat became instant friends last summer when they paired up on MTV's Video Music Awards: 5 million people tuned into MTV to watch the show on cable television; 12 million watched highlights on the social media app. The numbers sent a clear message: If TV shows want to stay relevant,...

  • California solar industry job growth reaches record levels

    California solar industry job growth reaches record levels

    California led a record-breaking year for solar power in 2015 that included the addition of more than 20,000 new jobs within the state -- more than half of the positions the industry created nationwide, according to a new report. The California Solar Jobs Census report released Wednesday found...

  • Walt Disney Co. theme parks saw record attendance

    Walt Disney Co. theme parks saw record attendance

    The force is strong with Disney. The blockbuster "Star Wars: The Force Awakens" was largely responsible for Walt Disney Co.'s record profit for the first fiscal quarter, but Disney executives also credited the space opera for the record attendance at the company's domestic parks. The Burbank media...

  • Stocks end a bumpy day slightly lower

    Stocks end a bumpy day slightly lower

    U.S. stocks extended their three-day losing streak Tuesday, closing slightly lower after spending most of the day wavering between gains and losses. Energy companies led the decline as the price of U.S. crude oil sank nearly 6%. It's now at about $28 a barrel. The market's bumpy ride followed a...

  • Snapchat and Viacom strike a unique deal, hoping it'll boost ad revenue for both

    Snapchat and Viacom strike a unique deal, hoping it'll boost ad revenue for both

    Viacom Inc. has signed a multi-year deal with Snapchat Inc. to sell ads on behalf of the popular photo- and video-sharing app and increase the amount of programming on it. The unique arrangement is a coup for Venice-based Snapchat, enabling the TV advertisers the company craves to buy ads on the...

  • How do people with groundbreaking ideas bring them into reality?

    Adam Grant is not your typical business school professor. Just 34, he reached tenure while still in his 20s and finished his doctorate in less than three years. He writes op-eds with Facebook Chief Operating Officer Sheryl Sandberg and got a book blurb from the likes of J.J. Abrams, the director...

  • She has grand designs on how interiors should be

    She has grand designs on how interiors should be

    The gig: Leura Fine, 29, is founder and chief executive of Laurel & Wolf, which specializes in residential and commercial interior design. Fine is also one of Forbes' 2016 selections for "30 under 30," young entrepreneurs who are rapidly climbing the ladder in their business sector or completely...

  • Because CC&R amendments must involve owners, no notice is required after the vote

    Question: I'm a director on the board at my homeowner association. An attorney told us that Civil Code section 4360(c) requires a homeowner association to give formal notice to all titleholders within 15 days of voting to approve a proposed rule. But I can't find a provision that requires any notice...

  • Robots deliver fun with hotel room service orders, and they don't expect a tip

    Robots deliver fun with hotel room service orders, and they don't expect a tip

    Your hotel's newest bellhop may be a robot. A Santa Clara, Calif., start-up and its "autonomous robot helpers" received $15 million in new financing last month. Savioke's goal is to put robots in hotels across the country, building on its current stable of 12, including one near Los Angeles International...

  • Orange County breaks tourism record with 47 million visitors in 2015

    Orange County breaks tourism record with 47 million visitors in 2015

    Thanks to the allure of Disneyland and huge growth in convention attendance, Orange County hosted a record 47.3 million visitors last year. The county's visitor total represents a 3% increase over 2014 and is the second year in a row that the region has set a fresh tourism record, according to...

  • A Lautner landmark in Palm Springs

    A Lautner landmark in Palm Springs

    The John Lautner-designed Elrod House — a Palm Springs landmark built for celebrated interior designer Arthur Elrod — reflects the architect's emphasis on embracing natural landscapes. Nine concrete triangles and clerestories form a radiating canopy over the living room and a pool terrace split...

  • Facebook's new Sports Stadium feature gets big tryout for Super Bowl

    Facebook's new Sports Stadium feature gets big tryout for Super Bowl

    For many sports fans, scanning Twitter while watching a game goes together like guacamole and chips. But waning interest in Twitter and its struggle to add users and captivating features has Facebook jostling to become the go-to TV companion for sports viewers. The two social media companies will...

  • For American Apparel, now out of bankruptcy, it's 'the start of a new day'

    For American Apparel, now out of bankruptcy, it's 'the start of a new day'

    American Apparel emerged from bankruptcy Friday, canceling shares of its publicly traded stock and becoming a private company. The Los Angeles clothing retailer and manufacturer is now owned by its former creditors under the name American Apparel LLC. The holdings of former American Apparel Inc....

  • Wary response to report of Mattel, Hasbro merger

    Wary response to report of Mattel, Hasbro merger

    A report that Mattel Inc. and Hasbro Inc. might seek a bigger toy box via a merger drew a cautious response Friday from investors and industry analysts.Stock prices for the nation's two largest toy makers fell after the companies declined to comment on the report, and analysts questioned how much...

  • Twitter offers new, though limited, evidence that it's driving terrorists away

    Twitter offers new, though limited, evidence that it's driving terrorists away

    Twitter Inc. announced Friday that it had deleted 125,000 terrorist-related accounts in the last seven months. The moves comes after months of criticism from President Obama and others who complained that social media companies weren't doing enough to stifle extremist discussion online. Still,...

  • Stocks close lower, pulled down by disappointing jobs report

    Stocks close lower, pulled down by disappointing jobs report

    Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell...

  • Football and kids: Are pediatricians too tolerant about youth tackling?

    Football and kids: Are pediatricians too tolerant about youth tackling?

    This is the week that our national fascination with pro football reaches its annual climax. The run-up to the Super Bowl is also a good time to ponder the effects of the game on its youngest participants, some of whom start tackling each other as early as age 5.  One would think that the evidence...

  • Marinello Schools of Beauty abruptly shuts down after federal allegations

    Marinello Schools of Beauty abruptly shuts down after federal allegations

    Marinello Schools of Beauty abruptly shut down, closing all 56 of its campuses, including 39 in California, after the U.S. Department of Education said the for-profit cosmetology school was improperly allocating federal student aid money. The Department of Education said earlier this week that...

  • LinkedIn shares plunge a day after earnings report

    LinkedIn shares plunge a day after earnings report

    Shares of LinkedIn Corp. plummeted Friday to their lowest level in more than three years, a day after the professional social-networking company reported significantly lower revenue projections for 2016. The Mountain View, Calif., company’s stock closed down more than 43% to $108.38. See the most-read...

  • Sluggish jobs report raises questions about the direction of U.S. economy

    Sluggish jobs report raises questions about the direction of U.S. economy

    For the last two years, America's job-creation machine has been like “The Little Engine That Could,” chugging ahead with "I think I can, I think I can" regardless of headwinds at home or abroad. The nation added 3 million jobs in 2014, making up all the ground lost in the Great Recession, and then...

  • Apple begins offering trade-in credit for damaged iPhones

    Apple begins offering trade-in credit for damaged iPhones

    Apple Inc. has begun offering trade-in credit for damaged iPhones, a strategy that could encourage people to buy a newer model rather than try to fix or bear with their current device. Apple is under pressure from investors to show that slowing sales of iPhones isn’t a long-term trend. Fostering...

  • What's ahead for volatile stocks?

    What's ahead for volatile stocks?

    Investors pondering where the stock market is headed after its January drubbing might consider the words of Stanley Fischer. Fischer is vice chairman of the Federal Reserve Board, and in a speech earlier this week, he addressed the question of what steps the Fed might take next regarding monetary...

  • Why your Super Bowl vegetable platter might cost more this year

    Why your Super Bowl vegetable platter might cost more this year

    Produce seller Rich Uchida is sitting pretty for the Super Bowl right about now. Because it turns out California not only has the 50th edition of the game, it has the Buffalo wings and veggie platters cornered, too. Uchida's employer, Duda Farm Fresh Foods, is the king of celery sticks, and isn't...

  • If you import from China, you know it's Chinese New Year -- because business grinds to a halt

    If you import from China, you know it's Chinese New Year -- because business grinds to a halt

    Lia Sagehorn couldn't tell you if the upcoming Chinese spring festival marked the Year of the Monkey or the Year of the Woolly Mammoth. What the director of production at a local clothing brand does know is that for a few weeks her factories in China will be incommunicado. That means no shipments,...

  • Chicago entrepreneur buys a large stake in L.A. Times' owner

    Chicago entrepreneur buys a large stake in L.A. Times' owner

    A Chicago entrepreneur who already owns one of that city's daily newspapers is now the largest shareholder in Los Angeles Times owner Tribune Publishing after making a $44.4-million investment — one that could bolster the company's planned bid for the Orange County Register.Michael Ferro, through...

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  • Small business SOS: Majority of small business owners want help tracking metrics (Infographic)

    The majority of small business owners want help tracking metrics and admit they don't measure and track as often as they should, according to a Staples survey. Learn more about what business owners said about tracking metrics and how a new app can help grow your business in the below infographic....

  • Top 5 business strategies for 2016

    Continuity planning used be something only companies in highly regulated industries were required to do, but today it's considered a standard for all businesses, regardless of size or reach. It answers the question, "What if…?" and can easily spell the difference between the continued operation...

  • 6 tips to help your small company get back to business in the New Year

    6 tips to help your small company get back to business in the New Year

    The decorations are down and stored away, the holiday rush is over and it’s time for small businesses to get back to doing business as usual. Many small businesses find they have the time and the inspiration to get their shops in order at the beginning of the first quarter — a task that can set...

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