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California's housing shortage will hamper the economy, reports say

The dearth of housing in California will put a drag on the state’s economic growth, according to two new studies.  California will continue to pile on jobs in 2017, but its advantage over the rest of the country will shrink in the future, say a report from UC Riverside and another from UCLA. The...

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  • Hackers steal Westpark Capital files, demand ransom for data

    Hackers steal Westpark Capital files, demand ransom for data

    A hacking group that claimed responsibility for leaking sensitive documents from a Century City investment bank threatened Tuesday to divulge more data if the firm failed to pay a ransom. Seventeen files dated as recently as this month surfaced online last weekend, including background checks listing...

  • SeaWorld bets $175 million on new orca shows and virtual-reality attractions

    SeaWorld bets $175 million on new orca shows and virtual-reality attractions

    SeaWorld Entertainment Inc. said it would spend $175 million on new attractions, including a documentary-style orca encounter in San Diego to replace the theatrical Shamu shows that have been the park’s signature draw for half a century. The substantial investment in new rides and marine mammal...

  • No, Mr. Trump, the U.S. is not turning over control of the Internet to Russia and China

    No, Mr. Trump, the U.S. is not turning over control of the Internet to Russia and China

    Technologies too complex to be easily understood by the layperson can be playgrounds for unscrupulous politicians. That’s become the case with the Internet’s internal digital plumbing, which has come into the crosshairs of Sen. Ted Cruz (R-Texas) and Donald Trump. Cruz and Trump, along with a passel...

  • Tech and consumer companies lead stocks higher

    Tech and consumer companies lead stocks higher

    U.S. stocks rebounded Tuesday and climbed after a survey showed consumer confidence is at a nine-year high, a sign Americans will keep spending in the months to come. Technology and consumer stocks made the largest gains. The market opened lower after two days of losses but quickly recovered. The...

  • Sea Launch to be acquired by Russian aviation holding company

    Sea Launch to be acquired by Russian aviation holding company

    Sea Launch, a satellite launcher that has flung rockets into space from a floating platform in the Pacific Ocean and has its home port in Long Beach, is being acquired by a Russian firm. S7 Group, a private aviation holding company, said it signed an agreement Tuesday with Sea Launch Group to acquire...

  • Attendance and sales of hot sauce balls rise at L.A. County Fair

    Attendance and sales of hot sauce balls rise at L.A. County Fair

    Cooler weather, dinosaurs and deep-fried hot sauce balls helped push attendance up 3% at this year’s Los Angeles County Fair. The annual celebration of carnival rides and outrageously fattening foods drew 1.32 million guests, up from 1.28 million last year at the Fairplex at Pomona. The fair, which...

  • Stocks slide broadly; Deutsche Bank worries hit other banks

    Stocks slide broadly; Deutsche Bank worries hit other banks

    U.S. stocks slumped Monday, and banks took the biggest losses. Deutsche Bank plunged as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies. Stocks fell for the second day in a row. Banks were...

  • California considers using high-traffic roads to produce electricity

    California considers using high-traffic roads to produce electricity

    All those cars on California's famously gridlocked highways could be doing more than using energy. They could be producing it. The California Energy Commission is investing $2 million to study whether piezoelectric crystals can be used to produce electricity from the mechanical energy created by...

  • Airbnb takes a toll on the U.S. lodging industry, but Los Angeles hotels continue to thrive

    Airbnb takes a toll on the U.S. lodging industry, but Los Angeles hotels continue to thrive

    The U.S. hotel industry’s robust recovery from the recession is expected to slow down next year partly because of growing competition from short-term rental companies like Airbnb. That is one of the conclusions of a Moody’s Investor Service analysis that provided a rare look at data on how short-term...

  • SpaceX's Elon Musk is set to announce plans for colonizing Mars

    SpaceX's Elon Musk is set to announce plans for colonizing Mars

    As if he doesn’t have enough on his plate with solving the mystery of an exploding rocket and tweaking Tesla’s driver-assistance software, SpaceX Chief Executive Elon Musk will discuss plans for colonizing Mars at a space conference in Mexico on Tuesday. In a highly-anticipated speech titled “Making...

  • Rocket Lab finishes launch complex in New Zealand

    Rocket Lab finishes launch complex in New Zealand

    Small-satellite launch firm Rocket Lab has completed its New Zealand launch complex ahead of a first test flight expected this year. The Los Angeles rocket company’s Launch Complex One is located on the Mahia Peninsula on the east coast of New Zealand’s North Island. The pad will be the primary...

  • New home sales drop 7.6% in August nationwide but rise in the West

    New home sales drop 7.6% in August nationwide but rise in the West

    One month after surging to their highest level in nearly nine years, sales of new homes nationwide retreated in August, with the exception the west, the Commerce Department reported Monday.  Sales of newly built houses in the west jumped 8% from a month earlier, while nationwide sales dropped 7.6%...

  • A hot market for IPOs shows itself — at least for a week

    A hot market for IPOs shows itself — at least for a week

    Ample free food and other perks are nice, but it’s stock options and lofty missions that often seduce people into joining tech start-ups. That’s why Jeff Green will never forget the excited expressions on employees’ faces last month when he told them their advertising software company would go...

  • Can homeowner association boards hold frequent 'emergency' meetings?

    Can homeowner association boards hold frequent 'emergency' meetings?

    Question:  Over the past 10 years our homeowner association’s board has taken action on items outside of regular board meetings. It seems that the directors always have an excuse why they had to have a meeting and not tell anyone. They are making decisions behind the backs of owners and they say...

  • Arjan Schütte: A different point of view in the 'gray world' of low-income consumer finance

    Arjan Schütte: A different point of view in the 'gray world' of low-income consumer finance

    Among the members of a committee that advises the Consumer Financial Protection Bureau on consumer issues, there are a handful of professional consumer advocates, an academic and executives from a few financial firms. And then there’s Arjan Schütte. He’s the founder and managing partner of Hollywood’s...

  • Snapchat to sell Spectacles, sunglasses with an embedded camera

    Snapchat to sell Spectacles, sunglasses with an embedded camera

    In the coming weeks, Snapchat plans to begin selling sunglasses that have a small camera capable of recording 10-second video clips. The high-tech shades will cost $130 and mark the app maker’s first crack at electronics, the Wall Street Journal Magazine reported late Friday. Snapchat Chief Executive...

  • Airlines seek to limit types of therapy animals allowed on planes

    Airlines seek to limit types of therapy animals allowed on planes

    Turkeys, pigs and even roosters have flown the friendly skies, carried onto commercial planes by passengers who identified the critters as emotional support animals. But a committee of airline representatives and disabled rights advocates has been meeting for months in Washington, D.C., to come...

  • A few extra pounds can hurt your job chances -- more so if you're a woman

    A few extra pounds can hurt your job chances -- more so if you're a woman

    The suddenly reluctant zipper can bring more than a sting of self-consciousness. A new study from the journal Plos One out this month found slight weight gain can hurt a job seeker's employment chances -- especially a woman's. The authors, a team of Scottish and Canadian researchers, already knew...

  • How to decide when to start receiving Social Security benefits

    How to decide when to start receiving Social Security benefits

    Should I start receiving Social Security benefits at 62 or wait a few years? How does my decision affect my spouse’s benefits? Every day tens of thousands of people are making decisions about when they’ll start receiving Social Security, but many people don’t know what options are available to...

  • Airline fees create the 'billion-dollar club' for 10 carriers

    Airline fees create the 'billion-dollar club' for 10 carriers

    The airline industry collects so much revenue from charges to check bags, reserve seats, buy food and connect to the Internet, among other things, that 10 of the world’s biggest carriers have surpassed the $1-billion revenue mark solely from fees. A report by IdeaWorks, a Wisconsin-based consultant...

  • Alaska Airlines tries out DIY bag tagging at LAX

    Alaska Airlines tries out DIY bag tagging at LAX

    Alaska Airlines has gained a reputation for being willing to test new technology on its passengers. The Seattle-based carrier tried adding solar panels to power its passenger ramps in 2013. The airline tested out fingerprint machines to identify passengers at its airport lounges in 2014 and launched...

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