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Consumer regulator looks to limit harassment by debt collectors

The Consumer Financial Protection Bureau is taking its first step toward reining in debt collectors, releasing an early outline of rules aimed at preventing them from harassing consumers and trying to collect debts that don’t exist. The proposal, which will be discussed Thursday at a CFPB hearing...

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  • 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...

  • 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...

  • As the VCR finally dies, a lament for once-great technologies

    As the VCR finally dies, a lament for once-great technologies

    It’s a little silly to lament the demise of a technology that has been well-demised for years. But last week’s announcement that production will cease within days at the last Japanese factory manufacturing VCRs is a cause for reflection — both about where we’ve been technologically and where we’re...

  • 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...

  • Older, female and singled out for a pay cut

    Older, female and singled out for a pay cut

    Question: Our board is looking to expand our nonprofit organization, which is having a record revenue year. I am an executive and the second-highest-paid person in our office. I have been asked to take a pay cut, unrelated to my performance, which will make me the third- or fourth-highest-paid...

  • Boards, management companies cannot obstruct requests for association records

    QUESTION: Everything at our homeowner association has become too complicated for me to deal with! I recently asked our HOA board for copies of board meeting minutes for the last 12 months. I asked in person and also made a request via email to the management company. In response, management sent...

  • General Atomics' $40-million gamble on small nukes

    General Atomics' $40-million gamble on small nukes

    The scientists and engineers at General Atomics think the future of nuclear energy is coming on the back of a flatbed truck. The leadership at the San Diego company, which has been developing nuclear technologies for more than 60 years, has already spent $40 million in the expectation that its...

  • 'Bad Moms' producer Suzanne Todd learned to follow her instincts

    'Bad Moms' producer Suzanne Todd learned to follow her instincts

    The gig: Film producer Suzanne Todd has received Emmy and Golden Globe nominations, and her movies have grossed more than $2 billion worldwide.Todd has produced films for almost every major studio, with credits including “Alice in Wonderland,” “Memento” and the “Austin Powers” trilogy. Early in...

  • Tower of Terror to get superhero makeover at Disney California Adventure Park

    Tower of Terror to get superhero makeover at Disney California Adventure Park

    One of the most popular attractions at Disney California Adventure Park is about to undergo a major makeover to incorporate Disney’s stockpile of superhero characters. Twilight Zone Tower of Terror, an elevator-drop ride based on the old “Twilight Zone” television show, will close for good in January...

  • Uber and Lyft have nearly overtaken taxis and car rentals among business travelers

    Uber and Lyft have nearly overtaken taxis and car rentals among business travelers

    When the ride-hailing phenomenon kicked off about seven years ago, business travelers were reluctant to switch from taxi rides and rental cars to app-based ground transportation. But now business travelers are embracing Uber and Lyft rides in a big way. In fact, Uber and Lyft now account for 49%...

  • No food or drinks on long-haul international flights? No problem

    No food or drinks on long-haul international flights? No problem

    For the last few years, cheap, no-frills airfares have become popular for domestic and short-haul flights. After all, fliers who want to save a few bucks can endure a few hours in a cramped airline seat without food, drinks or onboard entertainment. Now air travelers can expect to see more airlines...

  • More construction ahead as Delta relocates at LAX

    More construction ahead as Delta relocates at LAX

    The battle to dominate at Los Angeles International Airport rages on: Delta Air Lines has received a green light to go ahead with a $1.9-billion plan to relocate and expand its operations. Under an agreement approved by the Los Angeles Board of Airport Commissioners this week, Delta will move from...

  • Champagne, tacos and time off: How Dollar Shave Club employees are celebrating $1-billion sale

    Champagne, tacos and time off: How Dollar Shave Club employees are celebrating $1-billion sale

    Alex Janckila, a software engineer at Dollar Shave Club, was sporting something a bit unusual for an employee of a razor company: a five o’clock shadow. “There was happy hour every hour,” Janckila said with a sheepish grin, one hand clutching a large bottle of electrolyte water. “I was happy for...

  • Pop star Ana Bárbara the latest to sue Wells Fargo over fake accounts

    Pop star Ana Bárbara the latest to sue Wells Fargo over fake accounts

    Wells Fargo employees and customers have complained for years that high-pressure sales tactics push bank workers to open fake accounts, which help employees meet sales quotas while costing customers extra fees. Now a Mexican pop star has sued the San Francisco banking giant, alleging the same kind...

  • Desert Trip to nearly double the economic impact in Coachella Valley

    Desert Trip to nearly double the economic impact in Coachella Valley

    The annual Coachella music blowout in Indio has become big business for the Palm Springs area, growing even bigger with the addition of the Stagecoach country music weekend in 2007. But now a third music festival, targeting baby boomers and classic rock fans, is expected to nearly double the spending...

  • In Monterey, a battle for historic Laguna Seca raceway

    In Monterey, a battle for historic Laguna Seca raceway

    A bitter fight to take control of one of the world’s most iconic racetracks will come to a head next week when three competing teams of auto sports enthusiasts make their cases to a ruling panel.  At stake is the management of the Laguna Seca racing venue, host for almost 60 years to some of the...

  • Stocks creep up, setting another record high

    Stocks creep up, setting another record high

    Another day, another lazy drift higher for stocks and another record high. The Standard & Poor's 500 index rose 9.86 points, or 0.5%, to 2,175.03 on Friday. It surpassed its prior record set Wednesday by 0.09%, the latest nudge higher for a market that has taken a slow and steady path to all-time...

  • Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon reportedly close to acquiring Yahoo for around $5 billion

    Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale of Yahoo’s core business is still being deliberated but could be announced early next week, according...

  • California to levy fee on rail cars carrying dangerous chemicals

    California to levy fee on rail cars carrying dangerous chemicals

    California plans to levy a fee on rail cars carrying dangerous chemicals across the state, starting later this year. The move follows several oil train derailments around the country, including in neighboring Oregon. A recent analysis conducted by the Office of Emergency Services found gaps in...

  • California boosts payrolls by 40,300 workers in June, but unemployment rises to 5.4%

    California boosts payrolls by 40,300 workers in June, but unemployment rises to 5.4%

    Defying critics of new state regulations, California continued to pad its hefty payrolls in June. Employers added a net 40,300 jobs over the month, the state reported Friday.  But unemployment in California increased to 5.4%, from 5.2% in May. The national unemployment rate also ticked up, to 4.9%...

  • Stocks climb, approaching record highs again

    Stocks climb, approaching record highs again

    Stocks are rising Friday, the latest nudge forward for a market that has taken a slow and steady path to record highs. Telecom and utility stocks led the way, as they have for much of this year. The Standard & Poor's 500 index was up 8 points, or 0.4%, to 2,173 at 2:22 p.m. Eastern time. The Dow...

  • Prenda's 'porno-trolling' bullying lawyers get slapped down in court — again!

    Prenda's 'porno-trolling' bullying lawyers get slapped down in court — again!

    Of all the dishonest, dissembling lawyers at large in our country, one must tip one’s hat to the “porno-trolling” bullies who once operated as Prenda Law.  Remember Prenda? Its scheme was to collect Internet addresses of computers that might have been used to download pornographic movies for free....

  • Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    Cadillac XT5 is a worthy SUV competitor for BMW, Audi and Mercedes-Benz

    The SUV and compact SUV segments are the hottest in the auto industry, as continuing low gas prices drive more car buyers away from sedans and toward heavier sport vehicles. The luxury side of that business is hot too, as BMW, Audi, Mercedes-Benz, Lexus, Acura, Infiniti and others fight for space...

  • WeHo woman sues Uber for negligence after being raped by driver

    WeHo woman sues Uber for negligence after being raped by driver

    A West Hollywood woman sued Uber Technologies on Thursday, alleging that the ride-hailing company’s negligence led to her being raped by an Uber driver. The lawsuit, which was filed in the Superior Court of Los Angeles on behalf of the 27-year-old plaintiff, said the San Francisco company “aggressively...

  • Soylent CEO shakes up Montecito Heights with shipping-container home

    Soylent CEO shakes up Montecito Heights with shipping-container home

    Living in used shipping containers decked out with chic furnishings is becoming fashionable nationwide, from woodlands to desert hilltops. But on a dusty hilltop in Montecito Heights, one such eco-home has reportedly become an eyesore — and the object of a potential criminal complaint. Rob Rhinehart,...

  • Obama administration moves to block health insurance mega-mergers

    Obama administration moves to block health insurance mega-mergers

    The Obama administration went to court Thursday to block two major health insurance mergers, siding with consumer advocates and medical groups worried that the consolidation of large national health plans could lead to higher premiums. The long-anticipated move by the Justice Department and attorneys...

  • American Girl hopes a pint-sized doll cures its multimillion-dollar problem

    Times have been tough for toymaker American Girl.  First, Queen Elsa from "Frozen" took the doll aisle by storm, icing out other players. Then, last year, American Girl spiffed up the marketing and packaging of some of its dolls, only to find it didn't drive store traffic like executives hoped....

  • Elon Musk's master plan for Tesla is long on vision, short on specifics

    Elon Musk's master plan for Tesla is long on vision, short on specifics

    You can’t call Elon Musk a short-term thinker. His “Master Plan – Part Deux” paints a shimmering future-scape filled with driverless zero-emission cars, buses and trucks; a dramatic decline in vehicle fatalities; homes and businesses that draw power from the sun and store it in batteries for later...

  • Dollar Shave Club built a billion-dollar brand with bizarre videos

    Dollar Shave Club built a billion-dollar brand with bizarre videos

    Gillette, the largest U.S. razor brand, has advertised its blades as cutting-edge technology with images of fighter jets and names such as Mach and Fusion. Dollar Shave Club, an industry upstart, has made ads featuring dancing bears and its chief executive describing his bodily functions. This...

  • Chipotle struggles to win back customers

    Chipotle struggles to win back customers

    Chipotle is acting out of character in its desperation to win back customers — a struggle that its most recent sales results indicate could be a long one.  Chipotle Mexican Grill Inc. said Thursday that its sales were down 23.6% during the second quarter as it fights to recover from a series of...

  • Stocks close lower, breaking record-setting win streak

    Stocks close lower, breaking record-setting win streak

    Stocks fell Thursday after a mixed set of earnings reports put at least a temporary halt to the market's record-setting run. Airlines had some of the sharpest drops on worries that falling fares will hurt their profits. The Dow Jones industrial average sank, breaking a nine-day winning streak,...

  • Cannabis tech accelerator opens in Southern California

    Cannabis tech accelerator opens in Southern California

    As Californians consider legalizing recreational marijuana use, a few entrepreneurs are already casting their vote in favor of the state’s cannabis industry. The group, called Canopy San Diego, is accepting applications for its pot-themed technology accelerator, a first for Southern California....

  • Wells Fargo-Amazon deal offers a discount on private student loans

    Wells Fargo-Amazon deal offers a discount on private student loans

    Wells Fargo & Co. is offering discounted interest rates on private student loans to Amazon.com customers, creating a partnership with the online retail giant at a time when private lenders are fighting for market share. "We are focused on innovation and meeting our customers where they are — and...

  • Airbnb taps former U.S. Atty. Gen. Eric Holder to curb discrimination

    Airbnb taps former U.S. Atty. Gen. Eric Holder to curb discrimination

    Facing backlash for discrimination on its platform, Airbnb Inc. has enlisted former U.S. Atty. Gen. Eric Holder to curb bias on the vacation rental service. In a Tuesday blog post announcing the move, company CEO and co-founder Brian Chesky expressed support for the Black Lives Matter movement...

  • Tesla's stock falls after Elon Musk reveals his 'master plan'

    Tesla's stock falls after Elon Musk reveals his 'master plan'

    After more than a week of teasing about its existence, Elon Musk revealed Part 2 of his “master product plan” for Tesla on Wednesday evening. Or, as he calls it, “part deux.” In a blog post published on the automaker’s website, Musk introduced a multiyear, four-pronged strategy that includes new...

  • New warning rule for users of generic drugs is left in limbo

    New warning rule for users of generic drugs is left in limbo

    Five years after the Supreme Court blocked most personal-injury lawsuits against makers of generic drugs, a rule designed to strengthen patient protections have stalled, leaving what consumer groups warn is a safety gap for millions of users. After several delays, the Food and Drug Administration...

  • The Muggles are coming: Harry Potter boosted attendance at Universal Studios, apps show

    The Muggles are coming: Harry Potter boosted attendance at Universal Studios, apps show

    The magic of Harry Potter has boosted attendance at Universal Studios theme parks across the country, with millennials in particular falling under the spell of the boy wizard.  That is the main conclusion from a study of foot traffic data collected by Foursquare, the tech company known for social...

  • Do jobs numbers indicate the strength of California's economy? Not really

    Do jobs numbers indicate the strength of California's economy? Not really

    On Friday, California will release its monthly jobs report, which will say something about the health of the state’s economy. What it’s saying, exactly, may not be clear. Every time the state releases jobs numbers, reporters (including this one) scramble to digest them and offer some context. But...

  • European Central Bank keeps interest rates at record low

    European Central Bank keeps interest rates at record low

    The European Central Bank left its key interest rates unchanged at record lows on Thursday as it assesses the impact on the economy of Britain's vote to leave the European Union. ECB President Mario Draghi is expected to use his post-decision news conference to underline the bank's willingness...

  • Automakers join forces on hacking, cyber security threats

    Automakers join forces on hacking, cyber security threats

    Automakers are sharing information on cyber security threats and working together on ways to respond when hackers strike, under guidelines being developed by the industry. Nearly all companies that sell cars and trucks in the U.S. have joined the Automotive Information Sharing and Analysis Center....

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