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In a boost for Uber, China legalizes ride-hailing services

Lifting a cloud of regulatory uncertainty hanging over the future of Uber and its competitors in China, the government on Thursday legalized app-based ride-hailing services, but announced new licensing requirements and other rules. The new regulations, to take effect Nov. 1, require drivers to...

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  • Stocks rise, pushed up by Apple; Twitter dives

    Stocks rise, pushed up by Apple; Twitter dives

    Stocks ended Wednesday slightly lower as shares of energy companies and consumer goods makers outweighed gains in technology companies such as Apple. Investors also worked through the Federal Reserve's latest policy statement. The Fed didn't change interest rates, but it left the door open for...

  • SpaceX will spend $300 million on Red Dragon Mars mission, NASA says

    SpaceX will spend $300 million on Red Dragon Mars mission, NASA says

    SpaceX is likely spending about $300 million on its unmanned Red Dragon Mars mission, according to NASA estimates. The topic came up at a NASA Advisory Council committee meeting Tuesday, when agency official Jim Reuter said SpaceX’s spending on the mission was about 10 times that of NASA’s, according...

  • Elon Musk's Tesla Gigafactory idea was crazy, Panasonic exec thought. And yet ...

    Elon Musk's Tesla Gigafactory idea was crazy, Panasonic exec thought. And yet ...

    When Yoshihiko Yamada was introduced to the idea of the Tesla Motors Gigafactory a couple of years ago, he said, “I thought it was crazy.” Crazy, because “the production capacity of this factory would exceed the global capacity of the industry,” the Panasonic Corp. executive vice president said...

  • Fed holds key interest rate steady but signals a hike could come this fall

    Fed holds key interest rate steady but signals a hike could come this fall

    Federal Reserve policymakers said Wednesday they were holding a key interest rate steady but signaled a hike could come this fall as their concerns have eased about a slowing job market and the fallout from Britain’s vote to leave the European Union. Following a two-day meeting, central bank officials...

  • Qualcomm settles gender-discrimination lawsuit

    Qualcomm settles gender-discrimination lawsuit

    Qualcomm Inc. has agreed to pay $19.5 million to settle a gender-discrimination lawsuit that alleged women engineers faced systemic roadblocks to equal pay and promotions at the company. The settlement covers 3,300 women nationwide who worked in science, technology, engineering and math jobs at...

  • To see why LeEco bought Vizio, look at the Chinese company's smartphones

    To see why LeEco bought Vizio, look at the Chinese company's smartphones

    To get a better sense of why Chinese technology company LeEco is buying Irvine TV maker Vizio for $2 billion, have a look at one of LeEco’s smartphones. The company’s Le 2 pro handset retails for just $166 in China, but if you pay about $15 extra, you get a one-year subscription to the company’s...

  • Sisters Ride: 100 years later, motorcycle sisters ride again

    Sisters Ride: 100 years later, motorcycle sisters ride again

    On July 4 exactly a century ago, sisters Augusta and Adeline Van Buren left Brooklyn, N.Y., headed for San Francisco on a pair of 1000cc Indian “moto-cycles.” Politically inclined and media savvy, the young suffragettes hoped that their coast-to-coast ride would convince the American military brass...

  • Lawmaker calls for more scrutiny of scope maker after emails are disclosed

    Lawmaker calls for more scrutiny of scope maker after emails are disclosed

    A U.S. lawmaker is renewing his push for Congress to toughen requirements on medical-device warnings, calling Olympus Corp.’s 2013 decision against issuing a broad alert to U.S. hospitals about scope-related superbug outbreaks “despicable.” Rep. Ted Lieu (D-Torrance) said internal Olympus emails...

  • Covered California insurance doesn't guarantee the doctor will see you, study says

    Covered California insurance doesn't guarantee the doctor will see you, study says

    The recent announcement that Covered California premiums will rise by double digits in 2017 is only part of the challenge for the nation’s largest health exchange. A newly released study found that 4.38% of Covered California policyholders enrolled in Blue Shield or Blue Cross plans were rejected...

  • What to expect from the Fed's first meeting since 'Brexit'

    What to expect from the Fed's first meeting since 'Brexit'

    Federal Reserve policymakers meet this week for the first time since Britain voted to leave the European Union, and the referendum’s effects on financial markets and economic growth are likely to be a hot topic during the two-day gathering. After all, central bank officials were so concerned about...

  • Twitter user growth lags despite effort to drum up interest

    Twitter user growth lags despite effort to drum up interest

    Despite tweaks to its micro-blogging service intended to win over new users, Twitter Inc. recorded just a slight increase in user growth in the second quarter. The San Francisco company Tuesday reported an average of 313 million monthly active users, up just 3% from the same quarter in 2015. Since...

  • Apple reports sales decline for second straight quarter

    Apple reports sales decline for second straight quarter

    Apple announced Tuesday that quarterly sales fell in consecutive quarters for the first time since 2002 as demand slows for its smartphone lineup.  The world’s most valuable company sold 40.4 million iPhones, down from 47.5 million devices during the same period last year. That decline contributed...

  • 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...

  • 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...

  • EHarmony's new CEO vows to make the app simpler as founder retires for second time

    EHarmony's new CEO vows to make the app simpler as founder retires for second time

    EHarmony founder Neil Clark Warren left retirement four years ago to bring the struggling dating website back to relevance. Mission accomplished. The Los Angeles company announced Tuesday that Warren, 81, will step down as chief executive and return to retirement, though he’s likely to remain the...

  • Volkswagen's $15-billion settlement over emissions cheating gets preliminary OK

    Volkswagen's $15-billion settlement over emissions cheating gets preliminary OK

    A $15-billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge in San Francisco giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles. Attorneys for Volkswagen owners sought...

  • U.S. new-home sales climb to more than 8-year high

    U.S. new-home sales climb to more than 8-year high

    Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the broader U.S. economy. The Commerce Department said Tuesday that new-home sales rose 3.5% last month to a seasonally adjusted rate of 592,000,...

  • Scopely, Kite & Lightning and Masterclass among week's L.A. tech highlights

    Scopely, Kite & Lightning and Masterclass among week's L.A. tech highlights

    Scopely, the video game company that has ridden mobile versions of Yahtzee and zombie horror franchise “The Walking Dead” to recent success, announced $55 million in new funding Tuesday. The financing comes on the back of a sixfold increase in quarterly revenue compared with 18 months ago, Chief...

  • 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...

  • 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...

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