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  • Stitch Fix, an online clothing styling service, files for IPO

    Stitch Fix, an online clothing styling service, files for IPO

    Stitch Fix Inc., an online clothing styling service, has filed to go public. The company is one of several that ships shoppers clothing to try on at home before they buy. With Stitch Fix, customers pay $20 to receive five clothing items. Customers can ship back whatever they don't like or they'll...

  • Senate Democrats fail in first attempt to save state and local tax deduction

    Senate Democrats fail in first attempt to save state and local tax deduction

    Senate Democrats on Thursday failed in their first attempt to save the state and local tax deduction, which helps many residents of California and other high-cost states reduce their federal income tax bills. The Republican-controlled Senate voted 52 to 47 to reject an amendment that would have...

  • U.S. unemployment claims fall to the lowest in 44 years

    U.S. unemployment claims fall to the lowest in 44 years

    The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president. The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, the fewest since March 1973. The less volatile four-week average slid by 9,500...

  • Stocks’ last-minute rebound nudges S&P 500 and Dow to new highs

    Stocks’ last-minute rebound nudges S&P 500 and Dow to new highs

    A last-minute surge nudged U.S. stock indexes mostly higher Thursday, barely extending the market's winning streak and milestone-setting run. The Standard & Poor's 500 index and Dow Jones industrial average closed higher for the fifth straight day, each posting new highs. The other indexes finished...

  • Workers' lawsuit accuses ritzy Terranea Resort of wage theft

    Workers' lawsuit accuses ritzy Terranea Resort of wage theft

    Workers at the Terranea Resort in Rancho Palos Verdes have sued the ritzy hotel, contending they aren’t paid for the time they spend waiting to get uniforms before each shift and being driven on a bus from a remote parking lot. The lawsuit, filed Thursday in Los Angeles County Superior Court, names...

  • Lyft gets $1-billion investment, led by Google's parent company

    In the topsy-turvy world of tech, an investor can fund a company one minute and sue it the next. It also can turn around and fund a competitor, which is what Google’s parent company did when it announced Thursday that its growth equity fund led a $1-billion investment in Lyft, four years after...

  • Tribune Media shareholders vote in favor of merger with Sinclair Broadcast Group

    Tribune Media shareholders vote in favor of merger with Sinclair Broadcast Group

    Sinclair Broadcast Group is a step closer to taking over Tribune Media after shareholders of the Chicago-based media company voted overwhelmingly to approve the proposed $3.9-billion acquisition. Tribune Media said more than 99% of the votes cast by shareholders at a special meeting Thursday at...

  • Trump meets with Janet Yellen as decision on next Fed chair nears

    Trump meets with Janet Yellen as decision on next Fed chair nears

    President Trump met at the White House on Thursday with Federal Reserve Chairwoman Janet L. Yellen as he neared a decision on who will lead the central bank after her first four-year term ends in February. Yellen, 71, a Democrat nominated to the job by former President Obama, is one of five candidates...

  • Vernon battery maker's portable charger can quick-charge a smartphone 10 times

    Vernon battery maker's portable charger can quick-charge a smartphone 10 times

    Electric vehicles are the main market for Romeo Power Technology, the Vernon-based lithium-ion battery pack startup. But the company is also using its know-how to make portable battery packs for individuals. On Thursday it introduced the Saber, a ruggedized 2.2-pound bar-shaped device the company...

  • Dow closes above 23,000 as stock indexes set new highs

    Dow closes above 23,000 as stock indexes set new highs

    A day of modest gains on Wall Street resulted in more milestones for U.S. stocks Wednesday as the Dow Jones industrial average closed above 23,000 points for the first time. The Standard & Poor's 500 index and Nasdaq composite also finished at record highs. Technology stocks and financial companies...

  • Jack Gao leaves Wanda and Legendary Entertainment

    Jack Gao leaves Wanda and Legendary Entertainment

    Dalian Wanda Group executive Jack Gao, who had been leading the Chinese conglomerate’s film subsidiary Legendary Entertainment, has stepped down from his job, according to a person briefed on the matter. Gao was senior vice president of Wanda’s cultural industry group, where he served a key role...

  • American Flat Track motorcycle racing closes season with strong numbers

    American Flat Track motorcycle racing closes season with strong numbers

    The season is over. The numbers are in. Flat track is back and it’s big again. The American Flat Track race schedule for 2017 ended Oct. 7 at Southern California’s Perris Auto Speedway. At the conclusion of the 18-race series, the top three positions in the main class were held by Jared Mees, Bryan...

  • Airbus notches win over rival Boeing with Bombardier deal

    Airbus notches win over rival Boeing with Bombardier deal

    Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border. The European plane maker reached an unusual, no-cost deal with Canada's Bombardier that sent Airbus shares up Tuesday, boosts both companies' prospects in Asia and should save thousands...

  • Hundreds of Tesla workers were let go for subpar performance, the company says

    Hundreds of Tesla workers were let go for subpar performance, the company says

    Firing hundreds of workers all at once is rare, at least in the auto industry. But Tesla Inc. does things differently. Word leaked out Friday that the electric car, battery and solar roof company had bulk-fired several hundred employees. The San Jose Mercury News, which broke that story, said Tesla...

  • Nordstrom suspends its plan to go private

    Nordstrom suspends its plan to go private

    An effort to take Nordstrom Inc. private has halted, at least temporarily. In June, members of the Nordstrom family — including company co-Presidents Blake, Peter and Erik Nordstrom — said they were thinking about acquiring the approximately 70% of the stock they don't already own. Going private...

  • Netflix sinking deeper into debt to fuel subscriber growth

    Netflix sinking deeper into debt to fuel subscriber growth

    Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service. The big burden that Netflix is shouldering hasn't been a major concern on Wall Street so far, as CEO Reed...

  • Stocks edge up, extending their winning streak

    Stocks edge up, extending their winning streak

    U.S. stocks posted modest gains Monday, extending a record-setting run into a sixth straight week. Financial and technology companies notched some of the biggest gains. Energy stocks rose as crude oil prices went up. Healthcare companies declined the most. Bond prices fell. The three major stock...

  • Colin Kaepernick certainly seems to be the victim of collusion. But can he prove it?

    Colin Kaepernick certainly seems to be the victim of collusion. But can he prove it?

    By any reasonable metric of professional sports, the failure of any of the 32 National Football League teams to employ quarterback Colin Kaepernick is either an indication of mass stupidity or a scandalous violation of the league’s union agreement. Kaepernick believes it’s the latter, as is shown...

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  • Make holiday shopping for your clients easy this year

    Make holiday shopping for your clients easy this year

    The holidays are known as the most wonderful time of the year, but they're also a great opportunity for reflection, particularly in a business setting. This is the time of year when you can look back on the last 12 months and appreciate everyone who helped make the year a success for your business....

  • Think outside the bank: How to get a business loan online

    Think outside the bank: How to get a business loan online

    In business, dreams are easy. Finding the money to make them happen, however, can be difficult. Even established, successful businesses can get turned away for loans at banks. This was the case for Sole Bicycles, a popular maker of stylish and high-performance bikes based in Venice Beach, California....

  • 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...

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