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  • 6.3 million Americans are 90 days late on their auto loan payments

    6.3 million Americans are 90 days late on their auto loan payments

    A rising number of Americans are unable to make the monthly payments on their car or truck loans and are in danger of having their vehicles repossessed, according to data released this week by the New York Federal Reserve. There are 6.3 million Americans who are 90 days late — or more — on their...

  • In your retirement planning, include the cost of long-term care

    In your retirement planning, include the cost of long-term care

    Many Americans have a blind spot when it comes to retirement planning: long-term care costs. Even though the majority of Americans will at some point need long-term care, few are planning for it. Many underestimate the costs and mistakenly believe health insurance can help cover it. “This is not...

  • Senate tax bill ditches stock option change after outcry from tech start-ups

    Senate tax bill ditches stock option change after outcry from tech start-ups

    A revised Senate tax bill has ditched a change in the treatment of stock options after an outcry from technology start-ups. The original bill released last week proposed to tax stock options on the date they vest instead of when they are cashed in. Technology start-ups such as Hyperloop One, Airbnb,...

  • Stocks decline for a second straight day, and oil prices fall

    Stocks decline for a second straight day, and oil prices fall

    Technology companies led U.S. stocks lower Wednesday, giving the market its biggest loss since early September. Grocery stores and packaged foods and beverage companies also accounted for much of the decline. Energy stocks fell as the price of crude oil slipped further the day after its biggest...

  • Stocks fall modestly as oil prices slide

    Stocks fall modestly as oil prices slide

    Energy companies led U.S. stocks modestly lower Tuesday, erasing the small gains the market made a day earlier. The biggest drop in crude oil prices since October weighed on oil producers and other energy stocks. Disappointing results or outlooks from retailers and other companies also weighed...

  • 2 more airlines stop serving hot food from LAX caterer hit by listeria

    2 more airlines stop serving hot food from LAX caterer hit by listeria

    Delta Air Lines and Virgin Australia have stopped serving hot meals from Gate Gourmet at Los Angeles International Airport after listeria was found in the caterer's local kitchen. Virgin Australia is giving passengers vouchers for food before their LAX flights. Delta said it found another caterer...

  • Tech start-ups fight Senate plan to change the way stock options are taxed

    Tech start-ups fight Senate plan to change the way stock options are taxed

    Senate Republicans have touted their tax bill as business-friendly, but technology start-ups — including Hyperloop One, Airbnb, Uber and Vimeo — are fuming over a provision that would make a major change to how stock options are taxed. A key tool for start-ups to attract employees, stock options...

  • Disneyland is adding 'Star Wars: The Last Jedi' scenes to its Star Tours ride

    Disneyland is adding 'Star Wars: The Last Jedi' scenes to its Star Tours ride

    “Star Wars: The Last Jedi” doesn’t open in theaters until Dec. 15, but Disneyland visitors who board a vehicle on the Star Tours attraction will get an early glimpse of scenes from the film starting this week. Disneyland will add scenes from the newest “Star Wars” movie to its Star Tours attractions...

  • Tesla's entry into truck-making presents a whole new challenge for Elon Musk

    Tesla's entry into truck-making presents a whole new challenge for Elon Musk

    There’s a cool new electric semi truck coming around the bend. It looks Space Age sleek: no gears, so no constant shifting. Recharging the battery is a lot cheaper than diesel fuel. Finn Murphy, an independent truck owner-operator, can’t wait to try it out. “The cab is larger, the living area is...

  • Retailers' wish lists feature early holiday shopping

    Retailers' wish lists feature early holiday shopping

    Most consumers haven’t bought their Thanksgiving turkey yet, but it’s already the holiday shopping season in the minds of many retailers. Wal-Mart Stores Inc., Target Corp. and others are aggressively advertising holiday specials online and in stores to get a jump on the spending spree that remains...

  • General Electric cuts its dividend by half and plans to dramatically narrow its focus

    General Electric cuts its dividend by half and plans to dramatically narrow its focus

    General Electric Co. slashed its dividend in half and will try to vastly narrow its focus to three key sectors — aviation, healthcare and energy — as the conglomerate with early ties to Thomas Edison considers shedding even its historic lighting business. The company also pulled back on profit...

  • California Inc.: L.A. event puts urban transportation in spotlight

    California Inc.: L.A. event puts urban transportation in spotlight

    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. One story stood out for me: Uber says it will introduce flying taxis in Los Angeles by...

  • Don't jump into early retirement without considering these things

    Don't jump into early retirement without considering these things

    Dear Liz: I am almost 59½. Can I retire at 60½? I have $570,000 in a 401(k) and $180,000 in an IRA. I owe $253,000 on a condo that would sell for $600,000. I plan to buy a home next year for $400,000 and pay off the mortgage with the proceeds of the condo. Then I would be left with no bills. I...

  • Travelers love airline flash sales but the ultra-cheap fares are on the decline

    Travelers love airline flash sales but the ultra-cheap fares are on the decline

    The Twitter ad seemed too good to be true: fares starting at $20 on JetBlue Airways. A few hours after the ad appeared Tuesday on the social media site, it was gone, leaving wanna-be travelers frustrated that they missed the remarkable deal. Those who clicked too late ended up on a page advising:...

  • GOP tax plan may not curb incentives for firms to shift profits and jobs overseas

    GOP tax plan may not curb incentives for firms to shift profits and jobs overseas

    By slashing the corporate tax rate, the GOP tax proposal could very well curtail the widely derided practice of companies moving headquarters to a foreign country simply to reduce their tax bite. But how far will the tax overhaul go in advancing a top goal of President Trump’s -- keeping U.S. multinational...

  • Hasbro reportedly makes a takeover bid for struggling rival Mattel

    Hasbro reportedly makes a takeover bid for struggling rival Mattel

    Hasbro Inc. reportedly made an offer to buy beleaguered rival Mattel Inc., the latest chapter in the long-running speculation that the two major U.S. toy makers would join forces. Hasbro approached El Segundo-based Mattel recently with a takeover offer but terms of the proposal were not available,...

  • Queen Mary's new ghost tour adds high-tech special effects

    Queen Mary's new ghost tour adds high-tech special effects

    The Queen Mary, a retired ocean liner that has become a floating hotel in the Long Beach harbor, has turned to the type of special effects made famous in Hollywood to try to boost visitor numbers. For more than 15 years, the ship has offered a ghost tour — dubbed the Ghosts and Legends Tour — to...

  • Stocks slip, breaking eight-week win streak

    Stocks slip, breaking eight-week win streak

    Stocks fell Friday for the second day in a row, which hadn't happened in a month, as Amazon put a scare into yet another industry: medical device and healthcare equipment companies. Those companies slumped after an analyst for Citi Investment Research said Amazon might be on the verge of shaking...

  • Here are the 5 major differences between the House and Senate versions of the GOP tax plan

    Here are the 5 major differences between the House and Senate versions of the GOP tax plan

    Republicans repeatedly have noted that it’s been more than 30 years since Congress enacted a major tax overhaul, and this week they unintentionally demonstrated why. As a House committee passed a tax bill Thursday, Republicans on a Senate panel unveiled their own legislation with key differences.

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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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