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  • U.S. stock indexes close mostly higher; oil recovers

    U.S. stock indexes close mostly higher; oil recovers

    U.S. stock indexes closed mostly higher Monday, snapping a four-day losing streak for the Dow Jones industrial average on a day of largely listless trading. Utilities led the gainers as falling bond yields made high-dividend companies more attractive to income-seeking investors. Phone companies...

  • 'Pharma Bro' Martin Shkreli's reputation precedes him, affecting jury selection

    'Pharma Bro' Martin Shkreli's reputation precedes him, affecting jury selection

    Several potential jurors at the federal securities fraud trial of Martin “Pharma Bro” Shkreli were excused on Monday after telling the judge they couldn't be impartial toward the flamboyant former pharmaceutical CEO because of his notoriety for raising the cost of a life-saving drug 5,000%. At...

  • Sony Pictures hires Jon Hookstratten for top corporate job

    Sony Pictures hires Jon Hookstratten for top corporate job

    Sony Pictures Entertainment Chief Executive Tony Vinciquerra has begun assembling his leadership team, tapping a longtime Fox executive — Jon Hookstratten — to join the Culver City film and television studio. Vinciquerra on Monday named Hookstratten as executive vice president of administration...

  • SAG-AFTRA seeks strike authorization as contract deadline nears

    SAG-AFTRA seeks strike authorization as contract deadline nears

    In a sign of rising labor tensions, SAG-AFTRA is seeking a strike authorization from its members as it continues to negotiate a new three-year contract with the major studios. The actors’ union said in a message to members that the two sides have failed to reach a tentative contract agreement after...

  • U.S. durable goods orders fell in May by the most in 18 months

    U.S. durable goods orders fell in May by the most in 18 months

    Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing. Orders for durable goods — items meant to last at least three years — slid 1.1% in May, the Commerce Department...

  • Travis Kalanick is no longer Uber’s CEO, but drivers still want him on the hook in lawsuit

    Travis Kalanick is no longer Uber’s CEO, but drivers still want him on the hook in lawsuit

    Recent scandals have put Uber on such shaky ground that a lawyer representing aggrieved drivers has filed a lawsuit against Travis Kalanick and Garrett Camp — the ride-hailing firm's co-founders — in case the company doesn't survive long enough to defend itself. Describing the lawsuit filed Thursday...

  • SpaceX again launches and lands a used rocket booster

    SpaceX again launches and lands a used rocket booster

    SpaceX launched a commercial communications satellite Friday with a previously used first-stage booster and then landed the rocket on a floating sea platform, marking a repeat accomplishment for the company. The satellite was deployed to a geostationary transfer orbit about 35 minutes after launch....

  • Tesla wants to develop its own music service

    Tesla wants to develop its own music service

    It may not be enough for the electric car company Tesla to take on the giants of Detroit, like General Motors and Ford. The Palo Alto-based automaker is said to be exploring its very own music streaming service too, a move that would pit the company against market leader Spotify, and the aggressive...

  • This weekend will test SpaceX's ability to step up its launch pace

    This weekend will test SpaceX's ability to step up its launch pace

    SpaceX has a busy weekend ahead. And its outcome could signal whether the company is closing in on a crucial milestone. Starting Friday morning, the Hawthorne space company is planning two satellite launches from opposite coasts with only about 48 hours in between. If the launches come off as planned,...

  • Sears to close 20 more stores

    Sears to close 20 more stores

    Sears is closing an additional 20 stores as the ailing retailer tries to turn around its business. Real estate investment trust Seritage, which owns the 20 properties, confirmed the closings — 18 Sears stores and two Kmart stores — in a government filing Friday. In 2015, Sears Holdings Corp. sold...

  • Should you ditch your financial advisor and hire a robot?

    Should you ditch your financial advisor and hire a robot?

    If you’ve ever wished for a robot to clean your house or walk your dog, you’ll likely understand the appeal of a robo-advisor. These services offer a relatively hands-off way to manage your investments. Also known as automated investing or online advisors, robo-advisors use computer algorithms...

  • The number of new female board members dropped last year

    The number of new female board members dropped last year

    The push to get more women onto corporate boards of directors is getting a lot of attention lately: Investors have been urging companies to make it a priority, Uber came under fire after a director cracked a joke about more women in the boardroom and a Wall Street statue of a little girl aimed...

  • Toshiba has until August to sort out financial filings — or face delisting risk

    Toshiba has until August to sort out financial filings — or face delisting risk

    Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of being delisted. Tokyo-based Toshiba, whose U.S. nuclear unit Westinghouse Electric Co. filed for bankruptcy protection in March,...

  • YouTube CEO announces new mobile, VR features at VidCon

    YouTube CEO announces new mobile, VR features at VidCon

    YouTube CEO Susan Wojcicki announced new features to the company’s mobile and desktop platforms Thursday at the eighth annual VidCon conference in Anaheim. Wojcicki introduced two new mobile capabilities, including a feature that automatically reformats videos shot vertically or in square to render...

  • Couple sentenced in scheme to counterfeit 5-Hour Energy shots

    Couple sentenced in scheme to counterfeit 5-Hour Energy shots

    A federal judge sentenced a husband and wife to prison Tuesday for their parts in a conspiracy to sell millions of counterfeit 5-Hour Energy shots, according to the U.S. Attorney’s office. Joseph Shayota, 64, and Adriana Shayota, 45, were sentenced to 86 months and 26 months by U.S. District Court...

  • L.A.'s Capital Group accused of bilking employees — by pushing its own mutual funds

    L.A.'s Capital Group accused of bilking employees — by pushing its own mutual funds

    Los Angeles finance giant Capital Group manages dozens of mutual funds, all of them run by human beings who pick individual stocks and bonds to buy or sell. And the vast majority of the assets of the company’s employee retirement savings plan is invested in those same funds. Now, a former Capital...

  • Biggest U.S. banks are strong enough to weather a recession, Fed stress test finds

    Biggest U.S. banks are strong enough to weather a recession, Fed stress test finds

    All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday. The first round of the central bank's annual “stress tests” showed that as a group, the 34 big banks have gained strength thanks to a steadily...

  • Oil prices rise after some steep declines, and stocks hold steady

    Oil prices rise after some steep declines, and stocks hold steady

    U.S. stock indexes held steady Thursday after the price of oil halted its slide, at least for now. Energy stocks fell again, but not by nearly as much as earlier in the week, after crude rose for the first time in four days. Big gains for healthcare stocks also helped offset losses for financial...

  • Uber employees petition for former CEO Travis Kalanick's return

    Uber employees petition for former CEO Travis Kalanick's return

    The majority of Uber’s investors may have wanted its co-founder and chief executive, Travis Kalanick, out, but some employees of the ride-hailing company are already calling for his return. In a petition that began circulating within Uber on Wednesday, employees called for Uber’s board of directors...

  • A new generation of senior housing is making 'elderly islands' obsolete

    A new generation of senior housing is making 'elderly islands' obsolete

    Recently retired, Pam Watkins wanted a new lifestyle. The former school principal saw her Dana Point neighborhood “turning over,” increasingly populated with young families busy with kids or work. She wanted more people her own age to “play with,” but didn’t want to live in a “grave-yardish” retirement...

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  • 5 big changes for today's small businesses

    5 big changes for today's small businesses

    A generation ago, the notion of a small business owner meant something very different. You pictured a person who owned their own storefront, often named after themselves, and every day they were the first to arrive and the last to leave. They worked tirelessly for their customers, and their reward...

  • 5 steps to creating happiness in your workplace

    5 steps to creating happiness in your workplace

    Each workday, the average American spends 8.8 hours at work or on work-related activities, according to the Bureau of Labor Statistics. That’s even more time than people spend sleeping. And because we spend so much time at work, it's in your and your employer’s best interest to make workplaces...

  • 6 pet-related businesses you can start today

    6 pet-related businesses you can start today

    Starting your own business can nurture your entrepreneurial spirit, earn you some money and give you the opportunity to spend more time with your family — including your pets. So what job can you do that doesn't necessarily require a degree, affords you time flexibility, is in a growing industry...

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