BUSINESS

BUSINESS NEWS

BUSINESS HIGHLIGHTS

Read more

WELLS FARGO SCANDAL

FULL COVERAGE

HOT PROPERTY

view celebrity and luxury homes

MORE FROM BUSINESS

  • L.A. Times building sold to Canadian developer

    L.A. Times building sold to Canadian developer

    Chicago media company Tribune Media Co. has sold a trio of properties for a combined $430 million, including the Los Angeles Times building in downtown Los Angeles. The sale of Times Mirror Square to Onni Group paves the way for the redevelopment of a historic building the paper has called home...

  • SABMiller and AB InBev to combine: Beer makers' $103-billion deal clears final hurdle

    SABMiller and AB InBev to combine: Beer makers' $103-billion deal clears final hurdle

    A deal worth more than $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch InBev. SABMiller shareholders approved the $103-billion deal — dubbed Megabrew...

  • Silicon Valley's 'try before you buy' tech showroom is coming to Santa Monica

    Silicon Valley's 'try before you buy' tech showroom is coming to Santa Monica

    Being an early tech adopter meant Vibhu Norby always had the latest gadgets. Before hoverboards were all the rage, the Bay Area engineer had already ordered his own online and envisioned himself whizzing around town doing errands on two wheels. But as with so many things ordered online, when the...

  • Blackberry to stop making its own phones

    Blackberry to stop making its own phones

    Once-dominant smartphone maker Blackberry Ltd. said it will stop developing its phones in-house and shift that work to outside companies so it can focus on software manufacturing. In a regulatory filing Wednesday, the Canadian company said it plans to “end all internal hardware development” on...

  • Consumers aren't as excited as the auto industry about self-driving cars

    Consumers aren't as excited as the auto industry about self-driving cars

    If Ford, Volvo, GM and Uber are to be believed, self-driving cars will soon dominate our roads and car ownership will be a thing of the past. If regular consumers are to be believed, automakers need to hold their horses, because people aren’t ready for a self-driving future. Those are the findings...

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

    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...

  • 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...

  • 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...

  • L.A. tech news: SGN to Jam City. Foursquare to Playa Vista. Branch Messenger to Minneapolis.

    L.A. tech news: SGN to Jam City. Foursquare to Playa Vista. Branch Messenger to Minneapolis.

    Mobile game maker SGN renamed itself Jam City last week, seeking to inject more fun into its brand. For a start-up that makes colorful matching and bubble-bursting games including Juice Jam and Panda Pop, SGN — short for Social Gaming Network — came off as a stodgy and dull, the Culver City company...

  • Why Disney is unlikely to buy Twitter

    Why Disney is unlikely to buy Twitter

    One is an entertainment giant famous for exacting tight control over its content. The other is a tech firm whose commitment to free speech has earned it a reputation as a hub for news and a haven for online harassment.  Together, they make for a brow-raising pairing. But stranger things have happened...

  • Data firm Palantir accused of systematically discriminating against Asian job applicants

    Data firm Palantir accused of systematically discriminating against Asian job applicants

    The U.S. Department of Labor has filed a lawsuit accusing a fast-growing Silicon Valley software company of systematically discriminating against Asian job applicants. Palantir Technologies was co-founded by prominent tech financier Peter Thiel, with backing from an investment arm of the CIA, and...

  • 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...

  • 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%...

  • Mylan's EpiPen profit was 60% higher than what the CEO told Congress

    Mylan's EpiPen profit was 60% higher than what the CEO told Congress

    Lawmakers were skeptical last week when Mylan’s chief executive said that the company made only $100 in profit for a two-pack of EpiPens. During a House hearing, she repeatedly referred to a poster board showing how little of the $608 list price trickled back to the company. The incredulity was...

  • SpaceX test fires Raptor engine for rocket that might one day take people to Mars

    SpaceX test fires Raptor engine for rocket that might one day take people to Mars

    Elon Musk said SpaceX successfully tested its Raptor rocket engine that might one day be used to transport people to Mars. SpaceX “achieved first firing of the Raptor interplanetary transport engine,” Musk said Sunday night on Twitter. The engine is powered by methane and liquid oxygen.  The disclosure...

  • 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...

Business Articles

View More
What's This?
This advertiser has no influence over Editorial decisions or content.
73°