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  • There's a new buyer involved in Wanda's multibillion-dollar asset sale

    There's a new buyer involved in Wanda's multibillion-dollar asset sale

    Dalian Wanda Group’s announcement last week that it would sell $9.3 billion in tourism assets to a rival Chinese property developer came as a shock, illustrating the sudden reversal of a company thought to have deep pockets to match its lofty ambitions. Its move Wednesday to amend the agreement...

  • Tech and healthcare lift stocks to new records

    Tech and healthcare lift stocks to new records

    U.S. stocks continued to climb Wednesday, led by technology, healthcare and energy companies. Media companies also rose as stock indexes set record highs. The technology part of the Standard & Poor's 500 index broke the record it set in March 2000, before the dot-com bubble burst. Energy companies...

  • Snapchat drops 10-second limit on video recording

    Snapchat drops 10-second limit on video recording

    People about to film an event sure to last more than 10 seconds — say singing “Happy Birthday” — likely opt for a camera tool beside Snapchat. That’s because one of the video-sharing app’s biggest quirks, aside from the fact messages delete by default after they’re viewed, is the 10-second limit...

  • TV networks sell a record $19.7 billion in advertising at surprisingly strong upfront market

    TV networks sell a record $19.7 billion in advertising at surprisingly strong upfront market

    Television networks are benefiting from surprisingly strong demand for their commercial time. Despite falling viewer ratings and fears over cord-cutting, major advertisers in the just-concluded upfront ad sales market placed orders for $19.7 billion worth of prime-time commercial spots on cable...

  • Hampton Creek's board has only one person left: the CEO

    Hampton Creek's board has only one person left: the CEO

    An exodus at eggless mayonnaise maker Hampton Creek Inc. has left the company with only one board member: its chief executive. A Bloomberg report said several board members recently gave up their seats after deep discord with Josh Tetrick, CEO of the San Francisco-based vegan food start-up. The...

  • To battle hackers, IBM wants to encrypt the world

    To battle hackers, IBM wants to encrypt the world

    There are only two types of companies, it is commonly said: those that have been hacked, and those that just don't know it yet. IBM Corp. wants to get rid of both. The Armonk, N.Y., computing giant said Monday that it has achieved a breakthrough in security technology that will enable all businesses...

  • California Inc.: Heroes are converging on San Diego for Comic-Con

    California Inc.: Heroes are converging on San Diego for Comic-Con

    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. For anyone who thinks rising temperatures aren’t that big a deal, check out this Columbia...

  • NPR and SAG-AFTRA reach a tentative deal on a three-year contract

    NPR and SAG-AFTRA reach a tentative deal on a three-year contract

    SAG-AFTRA has reached a tentative agreement with National Public Radio on a new three-year contract covering 400 union news and programming employees at the nonprofit radio service. Terms of the new deal reached just after midnight Eastern time Saturday night were not disclosed. A representative...

  • Start saving early for retirement in case that last day of work sneaks up on you

    Start saving early for retirement in case that last day of work sneaks up on you

    Dear Liz: What advice would you give to a Silicon Valley professional who hasn't done a good job planning for retirement? I'm 53 and maxing out my 401(k), saving $24,000 a year with my employer matching my contributions dollar for dollar up to 6% of salary. In addition, I’m saving $50,000 to $60,000...

  • Disney announces new Marvel attraction in Anaheim and the name of its Star Wars land

    Disney announces new Marvel attraction in Anaheim and the name of its Star Wars land

    With demand continuing to grow for Disney parks and movies, the entertainment giant announced plans to add new attractions throughout its parks, including a new Marvel superhero expansion in Anaheim. During its fan exposition D23 in Anaheim, Disney officials on Saturday revealed details of planned...

  • Wi-Fi on planes worldwide will more than double by 2022

    Wi-Fi on planes worldwide will more than double by 2022

    Despite security fears about the use of laptop computers on planes, the world’s airlines are expected to more than double the number of planes equipped with wireless Internet to let passengers log on with portable electronic devices. A new report by Britain’s Juniper Research estimates that more...

  • It's hard to believe but a condo could be lost to squatters

    It's hard to believe but a condo could be lost to squatters

    Question: About 17 years ago I inherited my father’s mortgage-free town house in Southern California. I made the five-hour round-trip drive from my home to the townhouse to pick up mail and pay the leftover bills. As the mail and bills eventually stopped there was no need for me to continue making...

  • Automakers turn to this Southern California director to put you in the driver's seat

    Automakers turn to this Southern California director to put you in the driver's seat

    Tim Damon grew up photographing Detroit muscle cars. His video work earned him awards and Super Bowl airtime. Then came the call to help promote a high-end sports sedan that sounded like someone forgot the engine. In the resulting short film about the Tesla Model S, called “Lightdrive,” music swells,...

  • Wells Fargo's profit rises along with interest rates

    Wells Fargo's profit rises along with interest rates

    Wells Fargo & Co. said Friday its profit edged up in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service business. The San Francisco-based bank said its profit grew 5% to $5.8 billion, or $1.07 per share. That was more than the $1.01...

  • Stocks' modest gains lift indexes to new records

    Stocks' modest gains lift indexes to new records

    Gains by big technology and healthcare companies pushed U.S. stocks modestly higher Friday, lifting several major indexes to new highs. The Standard & Poor's 500 index, Dow Jones industrial average and Russell 2000 index of smaller-company stocks each set records as the market posted its third...

  • NPR union members will ask SAG-AFTRA to authorize a strike vote

    NPR union members will ask SAG-AFTRA to authorize a strike vote

    The 400 National Public Radio employees covered by SAG-AFTRA have voted to ask the union’s national board to seek permission to hold a strike vote while negotiations on a new contract continue. If the board agrees to the request Saturday, a strike vote by members of the bargaining unit can happen...

  • Honda recalls 2.1 million Accords over battery-sensor fire risk

    Honda recalls 2.1 million Accords over battery-sensor fire risk

    Honda is recalling about 2.1 million Accord cars worldwide, including 1.15 million in the United States, because the battery sensors can potentially short out and cause a fire. The recall covers vehicles from the 2013-16 model years with 12-volt battery sensors. The sensors may not be sealed enough...

  • United Airlines considers reselling seats to travelers who will pay more

    United Airlines considers reselling seats to travelers who will pay more

    United Airlines is considering a program that pays passengers to give up their booked seats so that the carrier can resell them for a higher price to other fliers. The Chicago-based carrier is talking with Volantio, an Atlanta-based revenue optimizing company that is looking to work on similar...

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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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