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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...

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

    Yahoo salvages Verizon deal by giving Verizon 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...

  • 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...

  • Some VW customers are still waiting for their buybacks, 4 months after court approval

    Some VW customers are still waiting for their buybacks, 4 months after court approval

    Some Volkswagen owners say they’re still waiting to complete their buybacks, almost four months after a judge approved a settlement for 2-liter diesel vehicles that were part of the automaker’s emissions scandal. Many problems with the buyback program have been ironed out over the last few months,...

  • 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...

  • 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...

  • 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...

  • 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...

  • Ocwen will pay $225 million to settle allegations it violated mortgage servicing rules

    Ocwen will pay $225 million to settle allegations it violated mortgage servicing rules

    Mortgage servicing giant Ocwen will pay $225 million in refunds and loan forgiveness to Californians, settling allegations that sloppy practices led to violations of state and federal mortgage rules over the past several years. The California Department of Business Oversight, which announced the...

  • Unilever rejected Kraft's bid, but Kraft is still trying to buy it

    Unilever rejected Kraft's bid, but Kraft is still trying to buy it

    Kraft Heinz Co. is trying to buy Unilever in a $143-billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayonnaise, teas and seasonings, creating a global powerhouse. Unilever rejected the approach and called the price too low, but Kraft Heinz says...

  • Stocks inch to new records; S&P 500 posts fourth straight weekly gain

    Stocks inch to new records; S&P 500 posts fourth straight weekly gain

    Stock indexes inched up to record highs Friday, barely, after a late-afternoon push erased losses from earlier in the day. That capped the fourth straight week of gains for the Standard & Poor's 500 index, its longest such streak since July. Reports this week showed that the nation’s economy is...

  • Fox apologizes for use of fake news sites in 'A Cure for Wellness' ad campaign

    Fox apologizes for use of fake news sites in 'A Cure for Wellness' ad campaign

    In a rare mea culpa from a major Hollywood studio, 20th Century Fox is apologizing for an unconventional online ad campaign that it recently launched for “A Cure for Wellness,” a psychological horror movie from New Regency that opened Friday. The digital campaign included several fake news sites...

  • Kaiser nurses reach tentative labor agreement with Los Angeles Medical Center

    Kaiser nurses reach tentative labor agreement with Los Angeles Medical Center

    Nurses at the Los Angeles Medical Center are set to get a pay raise, overtime protections and more professional support under the terms of a tentative collective bargaining agreement struck Thursday. In reaching the agreement, the California Nurses Assn., the union representing 1,200 registered...

  • DineEquity CEO to resign as restaurant firm's earnings decline

    DineEquity CEO to resign as restaurant firm's earnings decline

    DineEquity Inc. said Friday that Julia Stewart plans to resign as chairman and chief executive of the Glendale-based parent of the Applebee’s and IHOP restaurant chains, effective March 1. The company gave no reason for Stewart’s departure, but it comes as DineEquity reported declines in preliminary...

  • Additional delays likely for SpaceX and Boeing astronaut capsules, report says

    Additional delays likely for SpaceX and Boeing astronaut capsules, report says

    NASA should make alternative plans to ensure access to the International Space Station beyond 2018 because of further delays that are likely for SpaceX and Boeing Co. in certifying their astronaut transport capsules, according to a government watchdog report released Thursday.  The two companies...

  • South Korean court declares Hanjin bankrupt

    South Korean court declares Hanjin bankrupt

    A South Korean court has declared Hanjin Shipping Co. bankrupt, about six months after the struggling shipper first filed for bankruptcy. The Seoul Central District Court said Friday it had appointed a bankruptcy administrator and that claims by creditors are due May 1, according to Reuters. The...

  • Take a cue from Tom Brady. Resilience on the job can pay big rewards

    Take a cue from Tom Brady. Resilience on the job can pay big rewards

    More than 111 million people watched the biggest comeback in Super Bowl history when the New England Patriots scored 31 unanswered points to beat the Atlanta Falcons in overtime. It would have been easy for the Patriots to give up and begin thinking about some well-deserved time off. But what we...

  • Zuckerberg's goal: Remake a world Facebook helped create

    Zuckerberg's goal: Remake a world Facebook helped create

    Mark Zuckerberg helped create the modern world by connecting nearly a quarter of its citizens to Facebook and giving them a platform to share, well, everything — baby pictures and Pepe memes, social updates and abusive bullying, helpful how-to videos and live-streamed violence.  Now he wants to...

  • McLaren 570GT: Laughing all the way through the bank account

    McLaren 570GT: Laughing all the way through the bank account

    McLaren decided a while back that it wanted to increase sales by offering a more affordable sports car. It worked — at least for people who think a base price of $200,000 is affordable. The addition of the 570 “sports” series to its 670 “super” series and P1 "ultimate” series vehicles doubled McLaren...

  • Consumer Financial Protection Bureau chief scores reprieve in quest to keep job

    Consumer Financial Protection Bureau chief scores reprieve in quest to keep job

    Consumer Financial Protection Bureau chief Richard Cordray won a reprieve Thursday in his effort to keep his job and retain his agency’s independence. A federal appeals court said it would reconsider its earlier ruling that would have increased the president's authority over the consumer watchdog...

  • Snap's roadshow schedule: 7 cities in 2 weeks

    Snap's roadshow schedule: 7 cities in 2 weeks

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap Feb. 16, 2017, 12:27 p.m. Snapchat app maker Snap Inc. filed papers Feb. 2 to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates...

  • How much money Snap's existing shareholders could reap in the IPO

    How much money Snap's existing shareholders could reap in the IPO

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap Feb. 16, 2017, 12:27 p.m. Snapchat app maker Snap Inc. filed papers Feb. 2 to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates...

  • Snap Inc.'s IPO updates: See how much money existing shareholders could reap

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap Feb. 16, 2017, 12:27 p.m. Snapchat app maker Snap Inc. filed papers Feb. 2 to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates...

  • L.A., meet EV: New partnership will enable Angelenos to borrow Bolt EV electric cars

    L.A., meet EV: New partnership will enable Angelenos to borrow Bolt EV electric cars

    General Motors’ Maven ride-sharing service has partnered with the city of Los Angeles to enable Angelenos and tourists to borrow Bolt EV electric cars to get around town.  The partnership, announced Thursday morning at a Union Station ceremony, will put 100 of GM’s Bolt EV all-electric sedans into...

  • CBS reports quarterly loss following pension settlement

    CBS reports quarterly loss following pension settlement

    CBS Corp. beat Wall Street expectations for its fourth quarter results as the big broadcaster begins to unwind its radio station business — a divestiture that will make the company less reliant on advertising revenue.  “We turned in another great quarter and another terrific year at the CBS Corp.,”...

  • Bond yields rise; stocks climb again to new records

    Bond yields rise; stocks climb again to new records

    Stocks and bond yields punched higher Wednesday, and U.S. indexes set records again, after more encouraging news on the nation’s economy. The Standard & Poor's 500 index rose 11.67 points, or 0.5%, to 2,349.25. It's the seventh straight gain for the index and its longest winning streak in 3½ years....

  • Former Snapchat COO Emily White earned big stock payoff in resignation

    Former Snapchat COO Emily White earned big stock payoff in resignation

    Snap Inc.'s IPO updates: See how much money existing shareholders could reap Feb. 16, 2017, 12:27 p.m. Snapchat app maker Snap Inc. filed papers Feb. 2 to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates...

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