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  • Beating expectations, U.S. employers add 228,000 jobs; unemployment rate stays at 4.1%

    Beating expectations, U.S. employers add 228,000 jobs; unemployment rate stays at 4.1%

    Another month of strong job growth showed that the U.S. economy is lifting more workers left out of the recovery and heading into next year with solid momentum, even as there are lingering uncertainties about the outlook for wages and inflation. Employers added 228,000 net new jobs in November,...

  • Job growth expected to keep slowing in California

    Job growth expected to keep slowing in California

    California’s economic engine has slowed somewhat in 2017 and that’s expected to continue in coming years as employers have trouble finding workers in the expensive state, according to a new report. The latest UCLA Anderson Forecast, released Wednesday, calls for job growth of 1.8% by year’s end,...

  • Why James Murdoch could be angling for a top job at Disney

    Could James Murdoch soon be in the running to succeed Robert Iger? That's one of several intriguing scenarios that could be at play as talks between 21st Century Fox and Walt Disney Co. gain momentum, according to two executives close to the process who were not authorized to discuss the situation....

  • Tech stocks drop steeply, offsetting bank and healthcare shares' rise

    A steep slide in big technology companies pulled the major U.S. stock indexes mostly lower Wednesday, offsetting strength in banks and healthcare and erasing some of the gains the market made a day earlier. The tech-heavy Nasdaq composite, which is the best-performing index this year, had its biggest...

  • ESPN laying off 150 employees in another round of cuts

    ESPN is laying off about 150 employees, including people who work in studio production, digital content and technology, the sports company said Wednesday. The cuts, which are the latest sign of the financial pressures the Bristol, Conn.-based operation faces, follow a round of layoffs in April...

  • Wages and benefits grow 0.7% in third quarter

    Wages and benefits grow 0.7% in third quarter

    U.S. workers' wages and benefits grew faster in the third quarter, adding to recent signs that American workers are seeing their pay climb. The Labor Department said Tuesday that total compensation was up 0.7% from July through September after growing 0.5% in the second quarter. Wages and salaries,...

  • Trump vows 'no change' to 401(k) rules in Republican tax bill

    Trump vows 'no change' to 401(k) rules in Republican tax bill

    President Trump on Monday vowed there would be “no change” to rules for 401(k) plans, seeking to douse speculation that the Republican tax overhaul bill being drafted by Congress would include new limits on retirement savings. “This has always been a great and popular middle class tax break that...

  • Film and TV company Miramax lays off 20 staffers in ongoing restructuring

    Film and TV company Miramax lays off 20 staffers in ongoing restructuring

    Miramax, the onetime indie film powerhouse founded by the Weinstein brothers, has laid off 20 employees in a second round of downsizing this year under a new chief executive. The Santa Monica film and television company cut executives in the sales and finance departments, as well as workers in...

  • Private-sector job growth accelerates to 237,000, ADP says

    Private-sector job growth accelerates to 237,000, ADP says

    Private employers accelerated their hiring in August, adding a robust 237,000 net new jobs in a sign that the labor market remains strong and should start pushing up wages. The figures released Wednesday by payroll firm Automatic Data Processing exceeded analysts’ expectations of 185,000 and were...

  • Iowa's handout to Apple illustrates the folly of corporate welfare deals

    Iowa's handout to Apple illustrates the folly of corporate welfare deals

    State and local officials in Iowa have been working hard to rationalize their handout of more than $208 million in tax benefits to Apple, one of the world’s richest companies, for a data facility that will host 50 permanent jobs. The deal will help make Iowa an “innovation and technology” hub, ...

  • St. Louis gave minimum-wage workers a raise. On Monday, it was taken away

    St. Louis gave minimum-wage workers a raise. On Monday, it was taken away

    Ontario Pope has long struggled to stretch his McDonald’s paycheck to cover the basics and provide for his four young children. But even after more than nine years with the fast-food chain, the 31-year-old St. Louis man said he still lived with relatives or in motels, the fear of becoming homeless...

  • California Inc.: A new era dawns as Whole Foods cuts some prices

    California Inc.: A new era dawns as Whole Foods cuts some prices

    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. Traders return to business Monday after learning Friday that orders for long-lasting manufactured...

  • California adds 82,600 jobs in July; unemployment rate ticks up to 4.8%

    California adds 82,600 jobs in July; unemployment rate ticks up to 4.8%

    July was California employers’ biggest month of hiring in more than a year as the state continued its steady economic growth, although unemployment also ticked up, according to data released Friday by the state’s Employment Development Department. California’s net gain of 82,600 jobs accounted...

  • Here's how expanding Medicare could set us on the path to universal health coverage

    Here's how expanding Medicare could set us on the path to universal health coverage

    With Republicans seeming to have abandoned their repeal-or-bust attack on the Affordable Care Act, the path to improving Americans' health coverage is wide open. That has given the idea of single-payer a jump-start. But it hasn’t done much to clarify the most important question: How do we get there...

  • A raise erased by higher healthcare costs

    A raise erased by higher healthcare costs

    Question: After my husband receives his annual review and cost-of-living raise, he will be in a new pay bracket. When this happens, the cost of his health insurance will increase as well -- way beyond the raise he would receive -- so he will be bringing home significantly less in his paycheck....

  • One-fifth of Americans say their workplace is hostile or threatening, study finds

    One-fifth of Americans say their workplace is hostile or threatening, study finds

    The American workplace is grueling, stressful and surprisingly hostile. So concludes an in-depth study of 3,066 U.S. workers by Rand Corp., Harvard Medical School and UCLA. Among the findings: • Nearly one in five workers — a share the study calls “disturbingly high” — say they face a hostile or...

  • NantHealth to cut 300 employees, will sell some assets to Allscripts

    NantHealth to cut 300 employees, will sell some assets to Allscripts

    Los Angeles billionaire Patrick Soon-Shiong’s NantHealth Inc. said it would cut about 300 employees and sell some assets as the biotech company looks to focus on artificial intelligence for cancer treatment. The Culver City company said Thursday that it signed an agreement to sell its provider...

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