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  • GoPro to cut more than 200 jobs

    GoPro to cut more than 200 jobs

    GoPro Inc. will cut more than 200 full-time positions and close its entertainment division in a company-wide restructuring that comes as the San Mateo firm struggles to establish itself as more than just an action camera maker. GoPro said Wednesday it will cut back on its facilities and cancel...

  • Employee benefits start-up Zenefits is fined $3.5 million for licensing violations

    Employee benefits start-up Zenefits is fined $3.5 million for licensing violations

    California's insurance regulator will collect a $3.5-million fine from a San Francisco employee benefits start-up that cheated state education requirements for sales agents. Zenefits admitted to regulators nationwide this year that would-be agents used software to circumvent online classes they...

  • Volkswagen plans big changes, betting on electric cars and other new technology

    Volkswagen plans big changes, betting on electric cars and other new technology

    Volkswagen Group's namesake brand hopes to bounce back from its diesel emissions scandal with a broad restructuring that will mean more battery-powered cars, digital services such as ride sharing, and more SUVs for the U.S. market. Herbert Diess, head of the Volkswagen division, unveiled the German...

  • California Inc.: Nothing says Thanksgiving like record airport crowds

    California Inc.: Nothing says Thanksgiving like record airport crowds

    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. Good news on the home front: California, the world’s sixth largest economy showed no signs...

  • California heaps on 31,200 jobs in October, but unemployment rate doesn't budge

    California heaps on 31,200 jobs in October, but unemployment rate doesn't budge

    The world’s sixth-largest economy showed no signs of fatigue in October, as employers added 31,200 jobs over the month, according to data released by the state on Friday. California’s unemployment rate was 5.5% in October, holding steady for the fourth month in a row, the Employment Development...

  • Trump says African Americans are living in hell. That depends on what you mean by hell

    Trump says African Americans are living in hell. That depends on what you mean by hell

    Donald Trump looked out at the crowd of supporters at a rally in Ohio last month and ticked off the troubles he said plague black America: “The violence. The death. The lack of education. No jobs.” This, he said pointing in the imagined direction of an inner-city “ghetto,” is a place where “you...

  • Final jobs report before election shows promising wage growth

    Final jobs report before election shows promising wage growth

    The last monthly jobs report before Tuesday's presidential election offered some encouraging news for workers: Job growth remains steady and pay is rising at a faster rate. Employers in October added 161,000 jobs, a little less than analysts' average forecast but still a solid pace consistent with...

  • Obamacare enrollment is expected to grow by just 1 million next year

    Obamacare enrollment is expected to grow by just 1 million next year

    Under pressure to stabilize wobbly insurance markets nationwide, the Obama administration is making a new push to sign up Americans for health coverage through the Affordable Care Act, aiming to increase enrollment by about 1 million in 2017. With insurers canceling health plans or raising premiums...

  • Stocks inch higher as banks rise and drugmakers fall

    Stocks inch higher as banks rise and drugmakers fall

    U.S. stocks gave up large gains and finished barely higher Friday. Banks and technology companies traded higher, while stocks that pay large dividends fell thanks to a jump in bond yields. Stocks were on track for large gains early in the day as reports showed consumers in both the U.S. and China...

  • Verizon to shut call centers in California and 4 other states

    Verizon to shut call centers in California and 4 other states

    Verizon Communications Inc. plans to close call centers in five states including California and its home state of New York, where the impending loss of hundreds of jobs prompted the governor's office to call the company's move “corporate abuse.” The company said Thursday a consolidation of its...

  • Applications for jobless benefits stay at 43-year low, indicating layoffs are scarce

    Applications for jobless benefits stay at 43-year low, indicating layoffs are scarce

    The number of Americans seeking unemployment benefits stayed at a 43-year low last week in the latest sign that layoffs are scarce. THE NUMBERS: Unemployment benefit applications were unchanged at a seasonally adjusted 246,000, the Labor Department said Thursday. The four-week average, a less volatile...

  • Healthcare costs under Obamacare are not 'going up by numbers that are astronomical,' as Trump says

    Healthcare costs under Obamacare are not 'going up by numbers that are astronomical,' as Trump says

    Donald Trump has repeatedly claimed that the Affordable Care Act is a disaster, and did so again Sunday, noting that Americans’ monthly insurance premiums are rising by “astronomical” amounts. “Your health insurance, you’re healthcare, going up by numbers that are astronomical — 68%, 59%, 71%,”...

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