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  • Fatal crash of Tesla Model S in autopilot mode leads to investigation by federal officials

    Fatal crash of Tesla Model S in autopilot mode leads to investigation by federal officials

    Federal regulators opened a preliminary probe into the autopilot feature on a Tesla Model S electric car after a fatal crash involving the technology, Tesla said Thursday. The fatality – thought to be the first in the auto industry related to an autopilot feature – sparked questions about the limitations...

  • Don't drive these Hondas and Acuras unless dangerous air bags are fixed, government warns

    Don't drive these Hondas and Acuras unless dangerous air bags are fixed, government warns

    The U.S. government is urging owners of 313,000 older Hondas and Acuras to stop driving them and get them repaired after new tests found that their Takata air bag inflators are extremely dangerous.  The National Highway Traffic Safety Administration said Thursday that it has data showing that chances...

  • In Sports Authority bankruptcy, customer e-mail data commands hefty sum

    In Sports Authority bankruptcy, customer e-mail data commands hefty sum

    When Sports Authority Inc. said “everything must go,” it meant everything – including its customers’ personal information.  The Colorado sporting goods retailer, which filed for Chapter 11 bankruptcy protection in March, auctioned this week its intellectual property, including the Sports Authority...

  • Stocks climb again, extending rally to a third day

    Stocks climb again, extending rally to a third day

    Investors remained in a buying mood Thursday, driving U.S. stocks broadly higher for the third day in a row. The latest gains added to the market's rebound from the brief but steep slump that followed Britain's vote to leave the European Union a week ago. Although the rally suggests that traders'...

  • Hershey rejects takeover bid by Oreo maker Mondelez

    Hershey rejects takeover bid by Oreo maker Mondelez

    Hershey Co. said it rejected a takeover offer from Oreo maker Mondelez International Inc. that would bring some of the world's best-known cookies and chocolates under one company. The company confirmed it received a preliminary offer from Mondelez for a mix of cash and stock totaling $107 a share...

  • NASA negotiates cheaper mission prices after last year's SpaceX failure

    NASA negotiates cheaper mission prices after last year's SpaceX failure

    NASA negotiated discounted mission prices with SpaceX after one of the Hawthorne company’s rockets broke apart last June while laden with supplies for the International Space Station, according to a report by the space agency’s office of inspector general. The report, which was released this week,...

  • California attorney general subpoenas oil refiners in gas-price probe

    California attorney general subpoenas oil refiners in gas-price probe

    State Atty. Gen. Kamala Harris has issued subpoenas to oil refiners as part of an investigation into unusually high gasoline prices in California during the last year. California drivers paid pump prices that have been as much as $1.50 higher than the rest of the nation since last summer. Gordon...

  • Historic theaters gain new life as retail stores

    Historic theaters gain new life as retail stores

    Downtown’s L.A.’s Broadway Theater District, home to one of the largest concentrations of historic movie palaces in the nation, is gaining a new lease on life that doesn’t involve showing films. Some of the dozen remaining theaters are turning to other uses: There’s a hotel, the occasional church...

  • Senators want answers from Green Dot, Wal-Mart after card outage

    Senators want answers from Green Dot, Wal-Mart after card outage

    Two U.S. senators are demanding that Pasadena prepaid debit card issuer Green Dot Corp. answer questions about a glitch that last month stopped many of its customers from accessing their accounts, making purchases and withdrawing cash. Sens. Sherrod Brown (D-Ohio) and Robert Menendez (D-New Jersey),...

  • Jona Goldrich, Holocaust survivor and Southland real estate tycoon, dies at 88

    Jona Goldrich, Holocaust survivor and Southland real estate tycoon, dies at 88

    Real estate tycoon Jona Goldrich, a Holocaust survivor who came to Southern California with $50 in his pocket and went on to help transform downtown Los Angeles and Marina del Rey, has died. He was 88. Goldrich passed away Sunday of natural causes, his family said. He leaves behind a real estate...

  • Obama administration has forgiven $171 million owed by former Corinthian students

    Obama administration has forgiven $171 million owed by former Corinthian students

    The U.S. Department of Education has agreed to forgive $171 million of debt owed by former students of the bankrupt for-profit school Corinthian Colleges Inc., most of them in California. The government said Wednesday that it has granted relief to 11,173 students who attended one of the defunct...

  • Los Angeles manufacturing job loss hampers state recovery, report says

    Los Angeles manufacturing job loss hampers state recovery, report says

    Los Angeles has hemorrhaged manufacturing jobs since 2007, casting a pall over the state’s economic recovery, according to a forecast released Tuesday by Chapman University. Los Angeles has lost 20% of its manufacturing jobs since 2007 and California as a whole shed 1% of those positions, the report...

  • Toyota recalls more than 3 million cars over air bags and emissions controls

    Toyota recalls more than 3 million cars over air bags and emissions controls

    Toyota announced it is recalling 1.43 million vehicles for defective air bags and an additional 2.87 million vehicles for a faulty fuel emissions control. Toyota Motor Corp. said Wednesday that it has not received any reports of injuries or fatalities related to either recall. Some 932,000 vehicles...

  • U.S. stocks move broadly higher, following global markets' rise

    U.S. stocks move broadly higher, following global markets' rise

    Banks and other financial companies led another broad surge in U.S. stocks Wednesday, turning the Dow Jones industrial average and the Standard & Poor's 500 index slightly positive for the year. It was the second rally in two days for the stock market, which had been rattled since Friday by investor...

  • Consumer spending shows solid gains even as income growth slows

    Consumer spending shows solid gains even as income growth slows

    Americans continued their spring spending spree last month after a slow winter, signaling an improved economic expansion in the second quarter. Consumer spending increased 0.4% in May, even as income growth slowed, the Commerce Department said Wednesday. The spending figure was down sharply from...

  • Fed dings 3 banks but says 30 others can boost dividends and buy back shares

    Fed dings 3 banks but says 30 others can boost dividends and buy back shares

    The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn. But the Fed on Wednesday gave Morgan Stanley only conditional approval because of what...

  • Sale of Exxon Mobil's Torrance refinery to PBF Energy nears completion

    Sale of Exxon Mobil's Torrance refinery to PBF Energy nears completion

    The long-awaited sale of Exxon Mobil’s Torrance refinery is set to close Friday, with the energy company’s completion of repairs at the plant following an explosion that destroyed a pollution-control system a year and half ago. PBF Energy, a Parsippany, N.J.-based company, expects to acquire the...

  • Wal-Mart offers free 2-day shipping and a July of discounts

    Wal-Mart offers free 2-day shipping and a July of discounts

    Wal-Mart is trying to get a jump on Amazon's second annual sales bonanza. The world's largest retailer is offering a free 30-day trial on its two-day unlimited shipping service, and an extra month free for paying members, starting Wednesday as it looks to sharpen its attack against the online leader....

  • Xencor signs cancer-drug deal with Novartis; its stock surges 32%

    Xencor signs cancer-drug deal with Novartis; its stock surges 32%

    Shares of Los Angeles-area biotech firm Xencor Inc. soared Tuesday by 32% after the company announced a deal with Swiss drug giant Novartis. Under the agreement, Novartis will pay Xencor $150 million now and potentially much more in the future as the companies work to develop and commercialize...

  • Stocks rebound as anxiety over 'Brexit' eases

    Stocks rebound as anxiety over 'Brexit' eases

    U.S. stock indexes mounted a broad comeback Tuesday as investors set aside their anxiety over Britain's vote to leave the European Union and snapped up shares after a two-day rout. Encouraging data on the U.S. economy and housing market helped put traders in a buying mood. The broad rally followed...

  • Lending Club plans layoffs, discloses loans to former CEO and family members

    Lending Club plans layoffs, discloses loans to former CEO and family members

    Lending Club plans to lay off 179 workers, or about 12% of its workforce, its latest response to a still-unfolding crisis that has cooled investors’ interest in the firm’s loans and pushed the company to dismiss its founding chief executive. The San Francisco online lender reported the layoffs...

  • See something, buy something: New Pinterest feature aims to link your photos to products

    See something, buy something: New Pinterest feature aims to link your photos to products

    Pinterest will soon turn smartphone cameras into a tool that helps users discover and buy products, the company announced Tuesday when it revealed strategies intended to transform its digital scrapbook service into a shopping hub. The San Francisco company, which lets people save images and links...

  • Airbnb sues San Francisco — its hometown — to block new rental law

    Airbnb sues San Francisco — its hometown — to block new rental law

    Airbnb Inc. filed a lawsuit against its home city of San Francisco on Monday in an attempt to block new regulation that it said would violate federal protections for Internet companies.  The short-term property rental company slammed the city’s new ordinance, which would require Airbnb and similar...

  • Blue Shield faces new criticism of shortchanging consumers in California

    Blue Shield faces new criticism of shortchanging consumers in California

    Blue Shield of California, already under scrutiny by state officials, is facing new criticism that it didn’t adequately pay back policy holders for excessively spending on administrative costs in 2014. Officials from the health insurer strongly rejected the allegation, made by a former company...

  • VW settles emissions-cheating cases for $14.7 billion and agrees to buy back cars

    VW settles emissions-cheating cases for $14.7 billion and agrees to buy back cars

    Volkswagen has agreed to pay  up to $14.7 billion to settle government allegations in the U.S. linked to its cheating on emissions tests and to buy back or terminate the leases of nearly half a million of its cars. As part of sweeping settlements announced Tuesday, the German automaker is to spend...

  • FDA approves first pill to treat all forms of hepatitis C

    Federal health officials have approved the first pill to treat all major forms of hepatitis C, the latest in a series of drug approvals that have reshaped treatment of the liver-destroying virus. The Food and Drug Administration approved the combination pill from Gilead Sciences Inc. for patients...

  • Ikea recalls 29 million dressers after 6 children are killed

    Ikea recalls 29 million dressers after 6 children are killed

    Ikea is recalling 29 million chests and dressers after six children were killed when the units toppled over and fell on them.  The U.S. Consumer Product Safety Commission said Tuesday that the chests and dressers are unstable if they are not secured to a wall.  All of the children killed were 3...

  • Home prices climb in April; 7 cities set new records

    U.S. home prices climbed to new heights in April, with seven cities — including San Francisco — setting record highs. The Standard & Poor's/Case-Shiller 20-city home price index increased 5.4% in April compared with a year earlier, just a tick down from the 5.5% year-over-year gain in March. Home...

  • Economy's winter chill wasn't that bad, but growth still is anemic, at 1.1%

    Economy's winter chill wasn't that bad, but growth still is anemic, at 1.1%

    The winter wasn’t as rough for the U.S. economy as earlier thought, with growth revised upward Tuesday to a 1.1% annual rate — more than double the initial estimate but still an anemic pace. The new figures from the Commerce Department mean growth from January through March was off only slightly...

  • Why a secretive, Mark Zuckerberg-backed investment fund has bet big on Age of Learning

    Why a secretive, Mark Zuckerberg-backed investment fund has bet big on Age of Learning

    With its typical user around 4 years old, educational app ABCmouse has an unusual take on design. Mobile apps choose either words or icons – but rarely both – in their menus because of limited screen space. ABCmouse packs in both: A stack of books is labeled below as “Library,” a set of crayons...

  • Volkswagen reaches $14.7-billion emissions settlement

    Volkswagen reaches $14.7-billion emissions settlement

    Volkswagen would repair or buy back polluting diesel vehicles and pay each owner as much as $10,000 under a $14.7-billion deal the automaker has reached to settle lawsuits stemming from its emissions cheating scandal, a person briefed on the settlement talks said Monday. The figure would be the...

  • Patients pay a higher share of hospital bills, study finds

    Patients pay a higher share of hospital bills, study finds

    Patients, even those with employer-sponsored health plans, may face another condition after they are discharged from a hospital stay: acute sticker shock. Out-of-pocket hospitalization costs rose 37% from 2009 to 2013, with the average patient paying more than $1,000 per hospital visit, according...

  • Pepsi to use aspartame again, despite health concerns

    Pepsi to use aspartame again, despite health concerns

    Diet Pepsi made with aspartame is returning to shelves in the U.S., after PepsiCo Inc. saw sales plummet following its reformulation of the drink last summer to remove the artificial sweetener. PepsiCo says it will offer “Diet Pepsi Classic Sweetener Blend” made with aspartame starting in September,...

  • U.S. markets fall and U.K. credit rating cut; no crisis, Treasury chief says

    U.S. markets fall and U.K. credit rating cut; no crisis, Treasury chief says

    Major U.S. stock indexes fell sharply again Monday and two leading companies cut Britain’s credit rating in the wake of last week’s vote to leave the European Union. And although Treasury Secretary Jacob J. Lew acknowledged the “Brexit” was a headwind for the U.S. economy, he said it should not...

  • Fourth of July travel will break records, AAA predicts

    Fourth of July travel will break records, AAA predicts

    Going out of town this Fourth of July weekend? Be prepared for a record-breaking amount of company. Nationwide, 42.9 million people are expected to travel during the holiday weekend, up 1.3% from the record high that was set in 2007 and tied last year, according to the Auto Club.  A little more...

  • U.S. stocks open lower; British pound falls further

    U.S. stocks open lower; British pound falls further

    U.S. stocks fell sharply in early trading Monday following another slide in European markets as investors grappled with the fallout of Britain's vote to leave the European Union. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the...

  • Much-hated annual performance reviews are being revamped, but are changes good?

    Much-hated annual performance reviews are being revamped, but are changes good?

    There’s a revolution going on in corporate human resources departments, and the much-hated annual performance review is in the crossfire. Over the past few years, a fast-growing number of high-profile companies have been blowing up this annual rite of corporate life, replacing the traditional yearly...

  • What to buy (and skip) in July

    What to buy (and skip) in July

    July is nearly here, and as temperature rise, you can expect prices to drop on popular products. Make the most of mid-summer sales with our guide to what you should buy (and skip) during the month of July. Buy: Patriotic items Each year around the Fourth of July, stores pledge allegiance to the...

  • How I Made It: Event planner Tony Schubert gets the party started

    How I Made It: Event planner Tony Schubert gets the party started

    The gig: Tony Schubert, 44, owns Event Eleven, an event production company he founded in 2001. Schubert’s company produces large-scale events, including designer fashion shows, blockbuster film premieres, celebrity weddings, product launches, awards show after-parties and dinners. Among Event Eleven’s...

  • HOA board should seek expert advice hiring attorney, major expenditure

    Question: Our association hired an attorney who promised that with his representation we’d win a lawsuit that was filed against our association, saying, “It’s a slam-dunk.”  Board directors aren't lawyers and understanding legal stuff isn't easy. At every meeting he pushed his litigation strategy,...

  • United Airlines hopes slim seats and exclusive lounges will help generate $3 billion

    United Airlines hopes slim seats and exclusive lounges will help generate $3 billion

    Hoping to match the profit margin of his competitors, United Airlines Chief Executive Oscar Munoz laid out a plan this week to generate $3.1 billion in new revenue and savings by 2018. One way he hopes to meet that goal is do what airlines have been doing a lot lately: Squeeze more thin-cushion seats...

  • Are Airbnb hosts in greater danger of identity theft?

    Are Airbnb hosts in greater danger of identity theft?

    If you rent out your home or apartment through an online rental site like Airbnb, you could be a greater risk of being a victim of identity theft. That is the warning from the identity monitoring firm LifeLock, which conducted a survey of about 1,000 American adults and found that 41% said they...

  • Hillary and Donald are bringing more than delegates to the conventions

    Hillary and Donald are bringing more than delegates to the conventions

    Hillary Clinton and Donald Trump will help boost the economy before either of them get into office. At the very least, they are expected to help the hospitality industry in the two cities that are hosting the Democratic and Republican conventions next month. As expected, the hotel occupancy levels...

  • How to get back on track if you're drowning in debt

    How to get back on track if you're drowning in debt

    Getting out of debt is much harder than getting into it. But you can do it — and along the way, you’ll rid yourself of a lot of stress. Countless people find themselves drowning in debt simply because they can’t control their spending. If this sounds familiar, try tracking everything you buy for...

  • 'Brexit' could halt the growth of California trade with Britain

    'Brexit' could halt the growth of California trade with Britain

    California and its $5 billion of annual exports to Britain could be standing in harm’s way if there’s economic upheaval caused by Britain’s vote to leave the European Union. The state is a major trading partner with England and the rest of Britain, whose vote to exit the EU -- the so-called  Brexit...

  • Shamrock looks for luck with iconic artists' music rights

    Shamrock looks for luck with iconic artists' music rights

    Westwood’s Shamrock Capital Advisors has made dozens of investments over the years, owning stakes in everything from the Harlem Globetrotters to computer equipment maker Netgear. Though they run the gamut, those investments all had at least one thing in common: They were all companies. Now Shamrock...

  • What investment managers are saying about 'Brexit'

    What investment managers are saying about 'Brexit'

    To star Los Angeles investor Jeffrey Gundlach, bull markets and bear markets aren’t about how much stocks have climbed or fallen, but about teamwork – whether players in the economy are working together. “Bull markets are about cooperation,” Gundlach, chief executive of downtown L.A. money manager...

  • You could be paid to post Snapchat photos and videos, patent filing suggests

    You could be paid to post Snapchat photos and videos, patent filing suggests

    Snapchat Inc. could begin paying users to post photos and videos, according to patent filings that reveal another way for the company to push the bounds of social media advertising. Through its popular Live Stories feature, the Venice firm produces highlight reels of events across the world made...

  • Will the 'Brexit' mark the end of the age of globalization?

    Will the 'Brexit' mark the end of the age of globalization?

    For decades, financial and political leaders have preached the inevitability of globalization, promising nations that by sacrificing some of their sovereignty and dropping national barriers they could reap far greater rewards through economic integration and cooperation. And that turned out to...

  • Stock market plunges, but 'Brexit' unlikely to spark a U.S. recession

    Stock market plunges, but 'Brexit' unlikely to spark a U.S. recession

    The Dow Jones industrial average plummeted 610 points, or about 3.4%, on Friday as global stock, currency and other markets convulsed in response to Britain’s surprising vote to leave the European Union. The so-called Brexit shouldn’t lead to a recession in the U.S., experts said. Still, the turmoil...

  • In Silicon Valley, Obama says young start-up executives are the antidote to a global divide

    In Silicon Valley, Obama says young start-up executives are the antidote to a global divide

    As global markets recoiled from Britain’s decision to leave the European Union, President Obama told a group of budding entrepreneurs that it was their job to bring the world closer together. Speaking to crowd of nearly 2,000 entrepreneurs, investors and reporters at the Global Entrepreneurship...

  • Faraday Future driverless cars to hit California highways

    Faraday Future driverless cars to hit California highways

    Faraday Future said it will test driverless cars on California highways, having secured permission from the state. Whether early tests deploy prototypes that look more like Google car-pods than the exotic, aggressive specimens shown in photos of Faraday concept cars is yet uncertain. The former...

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  • Business owners quest for 'me time' (Infographic)

    A new survey reveals that more than two-thirds of small business owners think taking a personal vacation ultimately benefits their business. However, despite knowing the importance and benefits of unplugging completely from work, only 25 percent of SBOs are able to do so. While they seldom rest,...

  • 5 tips to improve meeting efficiency and productivity

    5 tips to improve meeting efficiency and productivity

    Creating efficient work environments is a common goal among executives and office professionals alike. To keep everything running smoothly in the workplace, organization is essential. A new Post-it Brand Workplace study surveying 1,000 full-time office workers found that a consistent commonality...

  • 3 ways to celebrate Small Business Week 2016

    The bakery on the corner. The family-owned accounting firm down the street. The city's legendary cafe that's been around since the ‘50s. Small businesses nationwide prove the American dream is alive and well. In fact, more than half of Americans either own or work for a small business, according...

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