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Industrial stocks open lower; high-yield stocks edge up

Losses for industrial companies are pulling U.S. stocks lower at the start of trading, but high-yield stocks are making small gains. Boeing slid 0.7% and General Electric lost 0.9% Monday morning. Investors didn't appear troubled by the federal government shutdown. Corporations announced a slew...

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  • Amazon Go store, with cameras instead of cashiers, is opening to the public

    Amazon Go store, with cameras instead of cashiers, is opening to the public

    You won't find a squeaking hot dog rotisserie in Amazon.com's Inc. cashier-less convenience store. Instead, you'll see Mediterranean lamb sandwiches, fresh salads and to-go containers of cubed pineapple and melon. After more than a year of testing with an employee-only focus group, Amazon Go is...

  • Workplace rights lawyers race to lock in payouts before Trump's business-friendly rules kick in

    Workplace rights lawyers race to lock in payouts before Trump's business-friendly rules kick in

    While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor lawyers rush to lock in payouts ahead of a shifting legal landscape. Settlements from...

  • As bitcoin sinks, crypto bros party hard on a Blockchain Cruise

    As bitcoin sinks, crypto bros party hard on a Blockchain Cruise

    When 600 cryptocurrency enthusiasts set sail from Singapore on Monday night for their second annual Blockchain Cruise, the price of bitcoin was hovering comfortably above $13,500. By the time their 1,020-foot-long ship pulled into Thailand on Wednesday, for an afternoon of bottomless drinks and...

  • Los Angeles Times journalists vote 248-44 to unionize

    Los Angeles Times journalists vote 248-44 to unionize

    Journalists at the Los Angeles Times have overwhelmingly elected to form a union, a first for the 136-year-old news organization that for much of its history was known for its opposition to organized labor. The union drive was launched publicly in October and culminated in an election earlier this...

  • Stocks finish higher; S&P 500 is up 9 of the last 10 weeks

    Stocks finish higher; S&P 500 is up 9 of the last 10 weeks

    Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher. The Standard & Poor’s 500 index, Nasdaq composite and Russell 2000 index of smaller-company stocks finished at record highs as the market bounced back from Thursday’s modest losses. The S&P...

  • Uber completes sale of $9.3 billion in stock to SoftBank-led group

    Uber completes sale of $9.3 billion in stock to SoftBank-led group

    Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company. Uber shareholders sold about $8 billion of stock at a discounted price to a group of investors led by SoftBank, making the Japanese conglomerate the largest...

  • Taxpayers may pay for secret Zuma satellite lost after SpaceX launch

    Taxpayers may pay for secret Zuma satellite lost after SpaceX launch

    U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission dubbed Zuma. Questions remain around the event, which appeared to be unsuccessful...

  • Mulvaney requests zero funding for the Consumer Financial Protection Bureau

    Mulvaney requests zero funding for the Consumer Financial Protection Bureau

    In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing. “This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0,” he wrote Wednesday to Janet L. Yellen, chairwoman...

  • Hackers have stolen about 14% of big digital currencies

    Hackers have stolen about 14% of big digital currencies

    Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of bitcoin and rival currency ether, according to Lex...

  • Amazon has a plan to become profitable. It's called advertising

    Amazon has a plan to become profitable. It's called advertising

    For more than two decades, Amazon.com Inc. chief Jeff Bezos has famously sacrificed profit for growth, convincing Wall Street that his company’s interests were best served by pouring money into the logistical nuts and bolts that have turned Amazon into the Wal-Mart of the web. More recently, investors...

  • SpaceX and Boeing aim to take crews to the space station soon, but Congress has a warning

    SpaceX and Boeing aim to take crews to the space station soon, but Congress has a warning

    If all goes according to plan, this year could mark the first time since 2011 that U.S. astronauts will blast off to the International Space Station in an American-made spacecraft. It’s been a long process to get to this point. Schedule delays have pushed back the first crewed tests of the new...

  • Stocks rally; Dow closes above 26,000 points for the first time

    Stocks rally; Dow closes above 26,000 points for the first time

    A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor's 500 index and the Nasdaq composite, wiping out the market's modest losses from a day earlier. ...

  • CVS Pharmacy promises to end touchups of its beauty images

    CVS Pharmacy promises to end touchups of its beauty images

    Pharmacy giant CVS said it will stop significant touchups of images used in its advertising for beauty products. The company said it has a responsibility to think about sending messages of unrealistic body images to girls and young women. CVS Health Corp. said Monday it will not “materially” alter...

  • 910-carat diamond discovered in southern Africa is among biggest in history

    910-carat diamond discovered in southern Africa is among biggest in history

    One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa. Gem Diamonds Ltd. found the 910-carat stone, about the size of two golf balls, at its Letseng mine. It’s a D color Type IIa diamond, which means it has very few or no nitrogen atoms...

  • California Inc.: State hopes for a fourth straight month of job gains

    California Inc.: State hopes for a fourth straight month of job gains

    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. The U.S. stock market is closed Monday for Martin Luther King Jr. Day. When trading resumes...

  • As firms bring back cash to the U.S., some see a fresh wave of mergers

    As firms bring back cash to the U.S., some see a fresh wave of mergers

    In late 2015, Apple Inc. Chief Executive Tim Cook was asked why the technology giant continued to leave a mountain of cash overseas rather than return it to the United States. “I’d love to bring it home,” Cook said of the cash hoard, which now totals a staggering $265 billion, in an interview aired...

  • Employers want workers to recognize and act when colleagues are having a crisis

    Employers want workers to recognize and act when colleagues are having a crisis

    In a glass conference room in midtown Manhattan, a few dozen employees from Beacon Health Options are taking turns asking each other an incredibly awkward question: “Are you having thoughts of suicide?” There’s a right way to ask and a wrong way, and they’re here to learn the difference. The exercise...

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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....

  • Small businesses have struggled to find funding: Not anymore

    Small businesses have struggled to find funding: Not anymore

    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, 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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