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  • A key step in the merger between American Airlines and US Airways is scheduled for Saturday

    A key step in the merger between American Airlines and US Airways is scheduled for Saturday

    If all goes well, American Airlines passengers won’t realize that the Fort Worth-based airlines took a key and potentially tricky step on Saturday in its merger with US Airways. The combination of American Airlines and US Airways to create the world’s largest carrier was announced in 2013, but...

  • Apple reportedly is opening a research and development center in China

    Apple reportedly is opening a research and development center in China

    Apple Inc. is reportedly planning to open its first research and development center in China, allowing the tech giant to extend its reach in a vital market and maintain goodwill with the Chinese government. The Cupertino tech giant will eventually invest 300 million yuan, or $45 million, in the...

  • Hoping for a bigger raise or bonus in 2017? Don't.

    Hoping for a bigger raise or bonus in 2017? Don't.

    Anyone hoping his employer is planning to put more into raises and bonuses next year is likely to be disappointed. Human resources consulting firm Aon Hewitt's annual U.S. salary increase survey predicts that base salaries and bonuses for U.S. workers won't budge in 2017, despite a better job market...

  • 2017 GMC Acadia Denali: A high-class, high-end SUV

    2017 GMC Acadia Denali: A high-class, high-end SUV

    I was overcome by the most powerful sense of deja vu during my first half hour in the 2017 GMC Acadia AWD Denali. I knew I'd never driven one — I hadn't driven any GMC product since a Jimmy pick-up I owned in the 1970s — but it felt eerily familiar. Then I remembered: It’s basically a rebadged,...

  • Deutsche Bank shares tank as concern grows over its stability

    Deutsche Bank shares tank as concern grows over its stability

    Worries over the financial stability of Deutsche Bank returned to the fore Friday, sending shares in Germany's biggest bank to a record low and rekindling broader concerns about Europe's financial sector.  Reports that hedge funds are moving their business out of the bank were the catalyst to the...

  • Biotech's L.A. presence grows, with trade groups fighting over turf

    Biotech's L.A. presence grows, with trade groups fighting over turf

    In a sign of growing interest in Los Angeles County as a major biomedical hub, the California Life Sciences Assn. has opened an office in Monrovia. It also this week announced partnerships with two organizations in the L.A. region — LA BioMed, a nonprofit research institute in Torrance, and the...

  • Energy stocks surge on oil deal hopes, sending market higher

    Energy stocks surge on oil deal hopes, sending market higher

    Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production. Stocks switched between gains and losses for most of the day, and most industries did not move much. Energy companies...

  • OPEC nations reach preliminary accord to curb oil production

    OPEC nations reach preliminary accord to curb oil production

    OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, pushing up prices that had sunk over the past two years and weakened the economies of oil-producing nations. Mohammed Bin Saleh Al-Sada, Qatar's energy...

  • How Experian is turning big data into big dollars

    How Experian is turning big data into big dollars

     At Experian DataLabs in San Diego, a team of scientists is thwarting bad guys with math. A top-five U.S. credit card issuer recently dumped about 6 billion transaction records on Experian DataLabs to see if its machine-learning mathematical formulas could do a better job of rooting out credit...

  • Four stiff challenges Elon Musk will have to overcome to turn his Mars dream into reality

    Four stiff challenges Elon Musk will have to overcome to turn his Mars dream into reality

    SpaceX Chief Executive Elon Musk has finally laid out his plans to eventually transport up to a million people to colonize Mars. But there are more than a few hurdles he’ll have to clear first. In a speech Tuesday at the International Astronautical Congress in Guadalajara, Mexico, Musk presented...

  • Obama's former Supreme Court lawyer, Donald Verrilli, joins L.A. law firm

    Obama's former Supreme Court lawyer, Donald Verrilli, joins L.A. law firm

    Former U.S. Solicitor Gen. Donald B. Verrilli Jr., who successfully defended President Obama’s healthcare plan before the Supreme Court, is joining the Los Angeles law firm of Munger, Tolles & Olson. Verrilli, 59, will lead the firm’s new Washington office. “This firm has an extraordinary reputation,...

  • 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...

  • Google-backed LendUp fined by regulators over payday lending practices

    Google-backed LendUp fined by regulators over payday lending practices

    Online lending start-up LendUp, which has billed itself as a better and more affordable alternative to traditional payday lenders, will pay $6.3 million in refunds and penalties after regulators uncovered widespread rule-breaking at the company. The California Department of Business Oversight,...

  • DJI shrinks and simplifies its new Mavic Pro drone, giving GoPro's Karma a rival

    DJI shrinks and simplifies its new Mavic Pro drone, giving GoPro's Karma a rival

    The top civilian drone maker’s latest model is small enough to slip into purses and controllable with just a smartphone. The Mavic Pro represents a significant leap for Chinese start-up DJI, whose Phantom and Inspire offerings dominate the camera drone market. The unveiling of the Mavic Pro on...

  • 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...

  • 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%...

  • 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...

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