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Qualcomm is accused of anti-competitive tactics

A U.S. regulator has sued Qualcomm over the way that it licenses cellular patents to smartphone makers — joining South Korea and potentially other governments in seeking to upend the San Diego’s company’s patent royalty practices. The Federal Trade Commission filed the civil lawsuit Tuesday in...

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  • California Inc.: A lucrative 'Joshua Tree' to grow in Pasadena

    California Inc.: A lucrative 'Joshua Tree' to grow in Pasadena

    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. On Friday, we learned that auto buying and online shopping rose in December. The spending...

  • Weinstein Co. serves up 'The Founder' amid smaller film slate and shift to TV

    Weinstein Co. serves up 'The Founder' amid smaller film slate and shift to TV

    In Weinstein Co.'s "The Founder," opening nationwide this week, McDonald's executive Ray Kroc (Michael Keaton) uses strong-arm tactics to wring gold from the golden arches, turning them into a ubiquitous symbol of American success. But in the process, he alienates associates and burns his share...

  • Lockheed Martin CEO tells Trump the cost of F-35 will be 'significantly' lower

    Lockheed Martin CEO tells Trump the cost of F-35 will be 'significantly' lower

    For the second time in a few weeks, an aerospace giant emerged from a meeting with President-elect Donald Trump with news that the cost of a big-ticket program could be cut. It was the latest sign that defense contractors may have to play a new game when it comes to contract negotiations. On Friday, Lockheed...

  • What to expect in the workplace in 2017

    What to expect in the workplace in 2017

    Like so many things for the year ahead, changes probably are coming to the workplace. We asked several human resources experts and employment lawyers what they think we'll be talking about regarding compensation, benefits and how bosses manage their people. Some predictions: More companies will...

  • Seven steps to improve your finances in 2017

    Seven steps to improve your finances in 2017

    The new year is a great time to take a fresh look at your finances. Ready for a boost in 2017? Here are seven steps to give you a running start. 1. Know your credit score Your credit rating not only affects whether you can get approved for future credit, but it also may factor into the fees you...

  • Wi-Fi available on 83% of U.S. airline seats

    Wi-Fi available on 83% of U.S. airline seats

    Your chance of getting the Internet on a U.S. airline has jumped to 83%, up from about 74% in 2015. But if you fly on foreign carriers , your chances of connecting to the Internet from the cabin drop to only 28%. Those are some of the findings from a report by Routehappy, a New York company that...

  • Senior rental complex can't block caregiver under guise of 'independent living' requirement

    Senior rental complex can't block caregiver under guise of 'independent living' requirement

    Question: I am an elder who lives in a 55-and-over senior complex. I recently had a stroke, which has permanently affected my mobility and balance. My doctor recommended that I hire a live-in caregiver to assist me with the lasting impact of my stroke. When I provided a note from my doctor to the...

  • California farm labor board chairman quits in anger

    California farm labor board chairman quits in anger

    William B. Gould IV, California Gov. Jerry Brown’s appointee to lead the board charged with protecting the rights of the state’s farmworkers, announced his resignation Friday, accusing the state bureaucracy of stalling one of his key proposals. Gould, appointed by Brown to chair the Agricultural...

  • Wells Fargo quarterly earnings fall in wake of bogus-accounts scandal

    Wells Fargo quarterly earnings fall in wake of bogus-accounts scandal

    Wells Fargo & Co. on Friday reported a 6% drop in fourth-quarter profit in the wake of a scandal over its employees creating as many as 2 million accounts without customer authorization. Earnings at the San Francisco-based bank, the nation’s third-largest, came in below analysts’ estimates as Wells...

  • Solid bank earnings push stocks mostly higher

    Solid bank earnings push stocks mostly higher

    Banks led U.S. stock indexes mostly higher Friday, propelling the Nasdaq composite index to its fourth record high this week. Investors welcomed quarterly earnings from JPMorgan Chase, Bank of America and Wells Fargo, all of which reported results that exceeded Wall Street's expectations. Financial...

  • France investigating Renault on suspicion of emissions fraud

    France investigating Renault on suspicion of emissions fraud

    French authorities are investigating carmaker Renault in connection with suspected fraud in its diesel emissions controls, denting the company's share price as the global fallout spreads from revelations of emissions cheating at Volkswagen.  Renault insisted Friday that its cars are not equipped...

  • Takata agrees to plead guilty and pay $1 billion for hiding air bag defect

    Takata agrees to plead guilty and pay $1 billion for hiding air bag defect

    Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators. The U.S. attorney’s office in Detroit announced the deal Friday, hours after it unsealed a...

  • For millennials, financial security may be out of reach, research suggests

    For millennials, financial security may be out of reach, research suggests

    Millennials are on shaky ground, struggling to gain the same financial security afforded to their parents, new data analysis suggests. When baby boomers were young adults, their net worth was double that of today’s young people, who earn $10,000 less than their counterparts did in 1989, according...

  • Chief of the FTC, the powerful consumer watchdog, is stepping down

    Chief of the FTC, the powerful consumer watchdog, is stepping down

    Federal Trade Commission Chairwoman Edith Ramirez said Friday that she will soon step down as head of the country's most powerful consumer watchdog after serving more than three years in the role and another three years before that as a commissioner. Ramirez is expected to serve in her current...

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