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  • Domestic airfares drop to lowest level since 2010

    Domestic airfares drop to lowest level since 2010

    Lower fuel costs and increased competition from low-cost airlines have pushed the price of domestic airline tickets to the lowest level since 2010, according to federal data. The average domestic airline ticket sold in the first three months of the year was $361, down 7.8% from the first quarter...

  • Stocks finish mixed; Gilead and McDonald's fall as Texas Instruments jumps

    Stocks finish mixed; Gilead and McDonald's fall as Texas Instruments jumps

    Stocks had a muddled session Tuesday, as investors worked through a large batch of corporate earnings from a range of companies including Gilead Sciences, McDonald's and Texas Instruments. McDonald's shares had their biggest one-day percentage decline since the financial crisis, weighing heavily...

  • Automotive tech firm Mobileye will end its partnership with Tesla

    Automotive tech firm Mobileye will end its partnership with Tesla

    Tech firm Mobileye, which makes chips and software for driver-assistance systems such as Tesla Motors Inc.’s autopilot feature, will end its partnership with the electric car maker. In a call with analysts Tuesday, Mobileye co-founder Amnon Shashua said the Israeli company’s work with Tesla would...

  • The truth about healthcare premiums: They'd be a lot higher without Obamacare

    The truth about healthcare premiums: They'd be a lot higher without Obamacare

    We’ve just entered the “sticker shock” season of healthcare reporting: News stories are brimming with reports of double-digit premium requests from insurance companies, amid dire warnings about the impact on consumers. Public health expert Benjamin Sommers of Harvard calls this “a new U.S. healthcare...

  • Tesla car mangled in fatal crash was on Autopilot and speeding, NTSB says

    Tesla car mangled in fatal crash was on Autopilot and speeding, NTSB says

    The Tesla car involved in a fatal crash in Florida this spring was in Autopilot mode and going about 10 miles faster than the speed limit, according to safety regulators, who also released a picture of the mangled vehicle. Earlier reports had stated the Tesla Model S struck a big rig while traveling...

  • Westlake's Park Wilshire apartments to get a makeover

    Westlake's Park Wilshire apartments to get a makeover

    A Sherman Oaks real estate firm plans to revamp an aging 1920s apartment building near MacArthur Park, the latest investment in a neighborhood that big investors long shunned because of high crime rates. MWest Holdings acquired the Park Wilshire apartments in Westlake this month for an undisclosed...

  • Solar-powered plane completes around-the-world journey

    Solar-powered plane completes around-the-world journey

    After 16 months and a 17-leg journey, a solar-powered plane finally completed its around-the-world flight attempt Monday evening when it touched down in Abu Dhabi, United Arab Emirates. The plane, called Solar Impulse 2, landed at Al Bateen Executive Airport a few minutes after 5 p.m. Pacific time,...

  • Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance

    Verizon Communications Inc. built its business on pipes and antennae. Now the nation’s biggest telecommunications company is assembling a different kind of network — one centered around eyeballs and advertisements. With its $4.83-billion acquisition of Yahoo Inc.’s core business on Monday, Verizon...

  • Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    Nintendo stock tanks after 'Pokemon Go' investors realize company doesn't own game

    In response to the ubiquity of “Pokemon Go,” investors immediately began snatching up Nintendo stock like, well, Pokemon, probably because the company is most closely associated with the game from its original conception as a cartridge game for Game Boy. Since July 6, when the game was released...

  • Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fall as investors assess four weeks of gains, high valuations

    Stocks fell moderately on Monday as investors took a break after four weeks of gains that brought the market to record highs. Energy companies fell more than the rest of the market as the price of oil took another turn lower. Yahoo’s share price dropped $1.06, or 2.7%, to $38.32 after Verizon Communications...

  • California Inc.: Tesla set to open its new 'gigafactory'

    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. It’s a whole new day in TV World. Last week, Fox News’ big dog, Roger Ailes, resigned only...

  • Macy's tests artificial intelligence as a way to improve sales

    Macy's tests artificial intelligence as a way to improve sales

    Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they’re in — such as where a particular brand is located or what’s in stock — that they would normally ask a sales associate face-to-face.  The tool, which the nation's largest department...

  • Verizon to buy Yahoo for roughly $5 billion

    Verizon to buy Yahoo for roughly $5 billion

    Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is expected to be formally  announced  Monday before markets open, the reports said. Verizon had emerged in recent days as the front-runner...

  • Older, female and singled out for a pay cut

    Older, female and singled out for a pay cut

    Question: Our board is looking to expand our nonprofit organization, which is having a record revenue year. I am an executive and the second-highest-paid person in our office. I have been asked to take a pay cut, unrelated to my performance, which will make me the third- or fourth-highest-paid...

  • Boards, management companies cannot obstruct requests for association records

    QUESTION: Everything at our homeowner association has become too complicated for me to deal with! I recently asked our HOA board for copies of board meeting minutes for the last 12 months. I asked in person and also made a request via email to the management company. In response, management sent...

  • General Atomics' $40-million gamble on small nukes

    General Atomics' $40-million gamble on small nukes

    The scientists and engineers at General Atomics think the future of nuclear energy is coming on the back of a flatbed truck. The leadership at the San Diego company, which has been developing nuclear technologies for more than 60 years, has already spent $40 million in the expectation that its...

  • 'Bad Moms' producer Suzanne Todd learned to follow her instincts

    'Bad Moms' producer Suzanne Todd learned to follow her instincts

    The gig: Film producer Suzanne Todd has received Emmy and Golden Globe nominations, and her movies have grossed more than $2 billion worldwide.Todd has produced films for almost every major studio, with credits including “Alice in Wonderland,” “Memento” and the “Austin Powers” trilogy. Early in...

  • Tower of Terror to get superhero makeover at Disney California Adventure Park

    Tower of Terror to get superhero makeover at Disney California Adventure Park

    One of the most popular attractions at Disney California Adventure Park is about to undergo a major makeover to incorporate Disney’s stockpile of superhero characters. Twilight Zone Tower of Terror, an elevator-drop ride based on the old “Twilight Zone” television show, will close for good in January...

  • Uber and Lyft have nearly overtaken taxis and car rentals among business travelers

    Uber and Lyft have nearly overtaken taxis and car rentals among business travelers

    When the ride-hailing phenomenon kicked off about seven years ago, business travelers were reluctant to switch from taxi rides and rental cars to app-based ground transportation. But now business travelers are embracing Uber and Lyft rides in a big way. In fact, Uber and Lyft now account for 49%...

  • No food or drinks on long-haul international flights? No problem

    No food or drinks on long-haul international flights? No problem

    For the last few years, cheap, no-frills airfares have become popular for domestic and short-haul flights. After all, fliers who want to save a few bucks can endure a few hours in a cramped airline seat without food, drinks or onboard entertainment. Now air travelers can expect to see more airlines...

  • More construction ahead as Delta relocates at LAX

    More construction ahead as Delta relocates at LAX

    The battle to dominate at Los Angeles International Airport rages on: Delta Air Lines has received a green light to go ahead with a $1.9-billion plan to relocate and expand its operations. Under an agreement approved by the Los Angeles Board of Airport Commissioners this week, Delta will move from...

  • Champagne, tacos and time off: How Dollar Shave Club employees are celebrating $1-billion sale

    Champagne, tacos and time off: How Dollar Shave Club employees are celebrating $1-billion sale

    Alex Janckila, a software engineer at Dollar Shave Club, was sporting something a bit unusual for an employee of a razor company: a five o’clock shadow. “There was happy hour every hour,” Janckila said with a sheepish grin, one hand clutching a large bottle of electrolyte water. “I was happy for...

  • Pop star Ana Bárbara the latest to sue Wells Fargo over fake accounts

    Pop star Ana Bárbara the latest to sue Wells Fargo over fake accounts

    Wells Fargo employees and customers have complained for years that high-pressure sales tactics push bank workers to open fake accounts, which help employees meet sales quotas while costing customers extra fees. Now a Mexican pop star has sued the San Francisco banking giant, alleging the same kind...

  • Desert Trip to nearly double the economic impact in Coachella Valley

    Desert Trip to nearly double the economic impact in Coachella Valley

    The annual Coachella music blowout in Indio has become big business for the Palm Springs area, growing even bigger with the addition of the Stagecoach country music weekend in 2007. But now a third music festival, targeting baby boomers and classic rock fans, is expected to nearly double the spending...

  • Stocks creep up, setting another record high

    Stocks creep up, setting another record high

    Another day, another lazy drift higher for stocks and another record high. The Standard & Poor's 500 index rose 9.86 points, or 0.5%, to 2,175.03 on Friday. It surpassed its prior record set Wednesday by 0.09%, the latest nudge higher for a market that has taken a slow and steady path to all-time...

  • Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale of Yahoo’s core business is still being deliberated but could be announced early next week, according...

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