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  • Fed could delay raising interest rates, Janet Yellen indicates

    Fed could delay raising interest rates, Janet Yellen indicates

    Federal Reserve Chairwoman Janet L. Yellen indicated Wednesday that the Federal Reserve could delay further raising a key interest rate while the U.S. economy faces increased pressure from slower global growth and roiling financial markets.Despite those risks, Yellen said the U.S. appeared to be...

  • California solar industry job growth reaches record levels

    California solar industry job growth reaches record levels

    California led a record-breaking year for solar power in 2015 that included the addition of more than 20,000 new jobs within the state -- more than half of the positions the industry created nationwide, according to a new report. The California Solar Jobs Census report released Wednesday found...

  • Stocks end modestly higher after a day of wavering

    Stocks end modestly higher after a day of wavering

    U .S. stocks posted modest gains Thursday as investors await Friday's closely watched jobs report, which could offer insight about the U.S. economy and help determine whether the Federal Reserve raises interest rates again next month. Many believe the likelihood of another rate increase in March...

  • How a huge insurance company screwed up on Obamacare

    How a huge insurance company screwed up on Obamacare

    UnitedHealth Group is the nation's biggest private health insurer, so when its executives started whining last year about how it was losing millions on Affordable Care Act exchange plans and threatened to leave the ACA market as early as 2017, people took notice.  Even Obamacare devotees wondered...

  • Hiring by U.S. businesses slows in January, but job growth still solid despite market turmoil

    Hiring by U.S. businesses slows in January, but job growth still solid despite market turmoil

    Hiring by U.S. businesses slowed in January, but private-sector job growth remained solid in a sign the labor market has been able to withstand the recent financial market turmoil, according to a report released Wednesday by payroll firm Automatic Data Processing. Private employers added 205,000...

  • Yahoo will cut 1,700 jobs as it slims down its business

    Yahoo will cut 1,700 jobs as it slims down its business

    Troubled Yahoo Inc., once again, says it has a plan to turn things around after years of sluggish growth and turmoil.But its latest strategy is less about growth and more about cutbacks — at nearly every level of the company. Yahoo will lay off 15% of its workforce. It is shutting down digital...

  • Yahoo to cut 1,700 workers as company slims down

    Yahoo to cut 1,700 workers as company slims down

    Cuts, layoffs and losses were the name of the game with Yahoo Inc.’s fourth-quarter earnings. The Internet company reported $1.27 billion in revenue, up only 1.58% from the same period a year earlier. When it came to profit, Yahoo swung to a steep loss of $4.43 billion, or $4.70 a share, in the...

  • Fox to reduce workforce; targets $250 million in budget cuts

    Fox to reduce workforce; targets $250 million in budget cuts

    21st Century Fox intends to trim its West Coast workforce to help reach $250 million in cost cuts this year at its TV networks and film studio. Fox's corporate bottom line has been under increased pressure because of higher programming and marketing costs. In addition, several of Fox's TV networks...

  • California Inc.: Billions in bets being placed on the big game

    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. Investors this week will be grappling with increasingly loud talk of another recession...

  • Why tipping is bad for restaurants and 'all-in' pricing is the most honest solution

    Why tipping is bad for restaurants and 'all-in' pricing is the most honest solution

    The minimum wage in California starts to rise this year: It increased to $10 an hour on Jan. 1 and will jump to $10.50 an hour in Los Angeles in July. Yearly increases will reach the so-called "living wage" of $15 an hour in 2020 for Los Angeles, which also may not be such a living wage by then....

  • Stocks end the day up after energy bounces back from big loss

    Stocks end the day up after energy bounces back from big loss

    Stocks rose Thursday and recovered some of their steep losses from the day before. The price of oil also recovered from a big decline. That lifted energy companies, which have been struggling as energy prices tumble. European markets also rose on hopes that the European Central Bank will do more...

  • Sumner Redstone's Viacom compensation falls; CEO Dauman hauls in $36.9 million

    Sumner Redstone's Viacom compensation falls; CEO Dauman hauls in $36.9 million

    Viacom Inc. Executive Chairman Sumner Redstone received a substantial pay cut in fiscal 2015 amid his health complications. The 92-year-old executive was paid $2 million in salary in Viacom's 2015 fiscal year, according to a company filing Wednesday with the Securities and Exchange Commission. ...

  • Do Congress members get Medicare? Yes -- and a whole lot more

    Do Congress members get Medicare? Yes -- and a whole lot more

    William wants to know: "Do members of Congress over 65 get Medicare?" Short answer: Yup. But that's not all. Under the Affordable Care Act, Congress members obtain health insurance through an online exchange, just like others who aren't covered by a plan from their employer or spouse. ASK LAZ:...

  • Economy grows, but so does deficit, thanks to tax breaks, budget office says

    Economy grows, but so does deficit, thanks to tax breaks, budget office says

    The U.S. economy is on track to expand "solidly" this year, but the federal deficit is creeping up again, thanks in large part to a package of tax breaks enacted by Congress last year, officials said Tuesday. Rising consumer demand is expected to boost the economy this year and next, potentially...

  • Text of President Obama's 2016 State of the Union address

    Text of President Obama's 2016 State of the Union address

    This is the text, as prepared for delivery, of President Obama's 2016 State of the Union address. Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans: Tonight marks the eighth year I’ve come here to report on the State of the Union. And for this final one, I’m going to try...

  • Oil dips below $30 a barrel, lowest level in 12 years

    Oil dips below $30 a barrel, lowest level in 12 years

    The relentless slide in oil prices, which hit 12-year lows Tuesday, is having only mixed results in helping California drivers save at the gas pump, analysts said.Gasoline prices in the state have fallen from peaks reached last July. But because of California’s unique gasoline market, the state’s...

  • Why the decade's second half may look much different from the first for investors — and workers

    Why the decade's second half may look much different from the first for investors — and workers

    For all the pain and suffering brought on by the 2008 financial crash, the years that followed turned out to be pretty decent for the U.S. economy — at least compared with the dire forecasts that were commonplace in 2009 and 2010. Instead of spiraling into a new Depression, the economy has continued...

  • U.S. adds 292,000 to payrolls in December

    U.S. adds 292,000 to payrolls in December

    Global stock markets have been tumbling, China's economic growth appears to be slowing faster than expected and many key world economies are struggling.But new data show the U.S. job market is getting stronger.The Labor Department said Friday that the nation added 292,000 net new positions in December,...

  • Five takeaways from the strong U.S. jobs report

    Five takeaways from the strong U.S. jobs report

    Despite a slowing global economy, the U.S. jobs market showed surprising strength last month. The nation added 292,000 net new jobs, the Labor Department said Friday, exceeding analyst expectations. The unemployment rate held steady at 5%, the lowest level since early 2008. Here are five key takeaways....

  • Yahoo could lay off 10% of its workforce, report says

    Yahoo could lay off 10% of its workforce, report says

    Yahoo is planning to cut at least 10% of its workforce as part of a reorganization aimed at stemming the turmoil at the Internet company, a report says.More than 1,000 employees could be let go as early as this month, unnamed sources told Business Insider.The cuts would be companywide, but Yahoo...

  • Time Warner extends Chairman and CEO Jeff Bewkes' contract through 2020

    Time Warner extends Chairman and CEO Jeff Bewkes' contract through 2020

    Time Warner Inc. has extended Chairman and CEO Jeff Bewkes' employment for three years, through 2020. "Since becoming CEO, Jeff has transformed the company to focus on video content, capitalized on the combined strength of Turner, HBO and Warner Bros. and delivered consistently strong operating...

  • Macy's to slash 4,800 jobs and close 40 stores after disappointing holidays

    Macy's to slash 4,800 jobs and close 40 stores after disappointing holidays

    After a disappointing holiday season, Macy's Inc. said Wednesday that it planned to cut about 4,800 jobs and close 40 stores as part of efforts to slash costs. The department store chain, which is closely associated with the holiday season, said comparable sales for November and December 2015 dropped...

  • Private-sector hiring accelerated in December to 257,000, ADP says

    Private-sector hiring accelerated in December to 257,000, ADP says

    Companies accelerated their hiring in December, adding a robust 257,000 net new jobs in a sign that the labor market finished last year strong, according to a report Wednesday from payroll firm Automatic Data Processing. The job growth figure exceeded analyst expectations. It was the most net new...

  • Applications for unemployment benefits jump

    More Americans requested unemployment benefits last week, but the level remains near historic lows, a positive sign for the job market. Applications for jobless aid jumped 20,000 to a seasonally adjusted 287,000, the Labor Department said Thursday. The less volatile four-week average climbed 4,500...

  • A new year and new laws – on guns, voting and minimum wage

    A new year and new laws – on guns, voting and minimum wage

    Laws taking effect at the start of the new year show states diverging on some hot-button issues. Restrictions on carrying guns will ease in Texas, for example, but will get tighter in California. It will be easier to register to vote in Oregon, but there will be another step to take at the polls...

  • U.S. home prices climb in October, helped by solid job market

    Steady job growth, low mortgage rates and tight inventories helped fuel rising U.S. home prices in October. The Standard & Poor's/Case-Shiller 20-city home price index rose 5.5% in the 12 months ending in October, up from a 5.4% pace in September, according to a report released Tuesday. Home values...

  • Consumer confidence rises in December

    An improving job market lifted consumer confidence in December, a business group says. The Conference Board says that its consumer confidence index rose to 96.5 this month from November's revised 92.6. Americans were more optimistic about current conditions and about the future. "As 2015 draws...

  • Applications for jobless aid dropped last week

    Applications for jobless aid dropped last week

    The number of Americans seeking unemployment benefits fell last week, reflecting a job market that continues to look persistently healthy. THE NUMBERS: Applications for jobless aid declined 5,000 to a seasonally adjusted 267,000, the Labor Department said Thursday. The less volatile 4-week average...

  • Disney CEO Bob Iger's compensation falls slightly to $44.9 million

    Disney CEO Bob Iger's compensation falls slightly to $44.9 million

    Walt Disney Co. Chairman and Chief Executive Bob Iger's compensation totaled $44.9 million in fiscal 2015, down about 3% from the previous year, according to a Securities and Exchange Commission filing Wednesday.  Iger's base salary of $2.5 million was unchanged from 2014, when his overall compensation...

  • California adds just 5,500 jobs in November; unemployment rate declines to 5.7%

    California adds just 5,500 jobs in November; unemployment rate declines to 5.7%

    California employers added just 5,500 jobs in November, according to federal data — a significant slowdown from more robust monthly gains earlier in the year.But the state unemployment rate continued its five-year-long decline, dropping to 5.7% in November, the lowest in eight years. The U.S. unemployment...

  • Hollywood is 'in the Sidney Poitier phase of trans representation' in TV and film

    Hollywood is 'in the Sidney Poitier phase of trans representation' in TV and film

    During the fourth season of "The Jeffersons," the series Norman Lear created as the black spinoff of "All in the Family," Sherman Hemsley's character, George, is excited about reconnecting with an old Navy buddy. Knocking on his friend Eddie's hotel room door, George prepares himself for a trip...

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