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Amazon Studios parts ways with scripted series executive Joe Lewis

Less than a week after Roy Price resigned as the head of Amazon Studios following an accusation that he sexually harassed a producer of one of his shows, another executive at the fledgling studio has left the company. Joe Lewis, who headed Amazon Studios’ scripted series, has exited and will be...

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  • Cisco Systems buying BroadSoft for $1.9 billion cash

    Cisco Systems buying BroadSoft for $1.9 billion cash

    Cisco Systems Inc. will pay about $1.9 billion cash to buy BroadSoft Inc. in a move aimed at expanding its communications software offerings. The networking technology giant is paying $55 per share, marking a 2% premium to Broadsoft's closing price on Friday. Gaithersburg, Md.-based BroadSoft provides...

  • California Inc.: Tech event looks at the coming robot takeover

    California Inc.: Tech event looks at the coming robot takeover

    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. Some good economic news from the Golden State: We added 52,200 net new jobs in September,...

  • What would happen if Amazon brought 50,000 workers to your city? Ask Seattle

    What would happen if Amazon brought 50,000 workers to your city? Ask Seattle

    Amazon.com has driven an economic boom in Seattle, bestowing more than 40,000 jobs upon a city known for Starbucks coffee and Seahawks fandom. Its growth remade a neglected industrial swath north of downtown into a hub of young workers and fixed the region, along with Microsoft before it, as a...

  • Tesla reportedly reaches agreement to build car factory in Shanghai

    Tesla reportedly reaches agreement to build car factory in Shanghai

    Tesla has entered an agreement to build its own factory in Shanghai, a first-of-its-kind deal for a foreign automaker, the Wall Street Journal reported Sunday. The agreement between the Elon Musk-led carmaker in Palo Alto and the Shanghai government could help bolster China’s fast-growing electric...

  • UCLA’s effort to patent a costly prostate cancer drug in India hurts the poor, critics say

    UCLA’s effort to patent a costly prostate cancer drug in India hurts the poor, critics say

    After scientists at UCLA created a breakthrough treatment for prostate cancer, it generated more than half a billion dollars for the university. But deals struck with drugmakers also obligated university officials to help pursue patent protection for the drug around the world. Now, consumer activists...

  • To give or not to give can be a taxing question

    To give or not to give can be a taxing question

    Dear Liz: A good friend who is childless wishes to give his property to my daughter before his death. He has been an informal uncle for the whole 50 years of my daughter's life, and we are, in effect, his family. However, I am concerned that the gift tax may be more than he bargained for. He is...

  • How Harvey Weinstein used his fashion business as a pipeline to models

    How Harvey Weinstein used his fashion business as a pipeline to models

    Disgraced producer Harvey Weinstein, best known for his film career, built a lucrative fashion business that included the TV show "Project Runway." Now, more than 10 fashion models have accused Weinstein of a wide range of sexual misconduct.

  • 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...

  • Weinstein Co. employees: 'We did not know'

    Weinstein Co. employees: 'We did not know'

    A group of Weinstein Co. staffers responded to sexual harassment and assault allegations against their company’s disgraced co-founder Harvey Weinstein on Thursday, saying they did not know he was a “serial sexual predator.” The statement, signed by unnamed “select members of the Weinstein Company...

  • 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...

  • FDA approval of lymphoma therapy shows Gilead's purchase of Kite was a good bet

    FDA approval of lymphoma therapy shows Gilead's purchase of Kite was a good bet

    Gilead Sciences Inc.’s stock rose Thursday after the biotech company’s Kite Pharma unit gained federal approval for its flagship cell-treatment therapy for adults with advanced lymphoma. The Food and Drug Administration’s approval Wednesday of Kite’s treatment represented a rapid payoff for Gilead....

  • 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...

  • LA Weekly is being sold to Semanal Media, a mysterious new company

    LA Weekly is being sold to Semanal Media, a mysterious new company

    LA Weekly’s owner, Voice Media Group, has agreed to sell the alternative weekly newspaper as it sheds print assets and focuses on its digital business, a representative for Voice Media confirmed Wednesday. The buyer, Semanal Media, is a new entity created for the purpose of this transaction, said...

  • Airfares have been dropping, but are they about to jump because of higher fuel costs?

    Airfares have been dropping, but are they about to jump because of higher fuel costs?

    The average domestic airfare in the United States dropped for the April-through-June period to $356, the lowest level for that period since 2009, according to federal statistics. The decline came at a time when fuel costs were sinking and airlines were generating hefty revenue from passenger fees....

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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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