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  • 7 important financial steps to take in your 30s

    7 important financial steps to take in your 30s

    When you hit your 30s, you may start thinking about your major life goals, both personal and financial. Although you may be able to defer some of your personal life decisions, many financial decisions can have a gradual, yet enormous, impact on your life. Making them at the right time ensures that...

  • California adds jobs as its unemployment falls to 5.2%

    California adds jobs as its unemployment falls to 5.2%

    California’s job growth continued in May as employers added 15,200 people to their payrolls, according to a state data release. The state’s unemployment rate ticked down for the fifth month in a row, hitting 5.2%, still higher than the national rate of 4.7%, the Employment Development Department...

  • The last grocery strike opened the door for supermarket upstarts. What happens if there's another strike?

    The last grocery strike opened the door for supermarket upstarts. What happens if there's another strike?

    The Southern California grocery strike in 2003 and 2004 shook up the region’s supermarkets, paving the way for new chains, ethnic markets and even dollar stores to thrive. Now, as unions representing Southland grocery workers are again threatening to strike, Ralphs and Albertsons are hoping to...

  • Pimco plans layoffs as investors continue to pull out

    Pimco plans layoffs as investors continue to pull out

    Newport Beach investment giant Pimco plans to lay off about 3% of its workforce as investors have continued to pull their money during the nearly two years since star manager Bill Gross abruptly left the firm. Pimco will let go of 68 workers and offer buyouts to more, according to an internal document...

  • Money Talk: How to structure an inheritance for a spendthrift heir

    Money Talk: How to structure an inheritance for a spendthrift heir

    Dear Liz: My financially illiterate, almost 50-year-old son will be living off his inheritance when I die. A good part of his life was spent drifting, so I have no idea if he will receive Social Security or how much. How do I structure his inheritance so that he won't fritter it all away in a short...

  • Donald Trump's threatened trade war would hurt California, report says

    Donald Trump's threatened trade war would hurt California, report says

    Donald Trump’s realpolitik could do serious damage to California’s economy, a new report says. Instigating a trade war with China – something Trump has said he would “love” to do – would cripple the surge in jobs in the state, according to the UCLA Anderson Forecast, a study released Wednesday....

  • The economic recovery just turned 7, and here's why it feels so weak

    The economic recovery just turned 7, and here's why it feels so weak

    Though you’d never know it from listening to the presidential candidates, the current U.S. economic expansion is the fourth-longest since the end of World War II. But a startlingly bad jobs report last week raised new concerns about the state of the economy, even as it probably delayed another...

  • Plunge in job growth could fuel more turmoil in the presidential race

    Plunge in job growth could fuel more turmoil in the presidential race

    The nation's job engine sputtered to a near halt last month, probably derailing an interest-rate hike and igniting new concerns about the health of the U.S. economy that could further roil the tumultuous presidential campaign. The report issued by the Labor Department on Friday wasn’t all bad news....

  • Financial firms lead stocks lower after a weak jobs report

    Financial firms lead stocks lower after a weak jobs report

    Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood. The market slide snapped a two-day winning streak and sent bond prices surging as investors sought safety in U.S. government-backed...

  • Five things we learned from May's shocking jobs report

    Five things we learned from May's shocking jobs report

    Anemic job growth of just 38,000 in May -- the worst in more than five years -- shocked analysts, triggered warnings about the state of the economy and most likely derailed a Federal Reserve interest rate hike many had expected was coming this month. But economists cautioned not to overreact to...

  • U.S. economy creates an anemic 38,000 jobs in May, likely stalling Fed interest rate hike

    U.S. economy creates an anemic 38,000 jobs in May, likely stalling Fed interest rate hike

    Job growth ground nearly to a halt in May, with the U.S. labor market having its worst performance in more than five years, the Labor Department said Friday. The economy added just 38,000 net new jobs last month, a steep falloff from April’s disappointing 123,000 and well below analysts’ forecasts....

  • Private-sector companies create 173,000 net jobs in May

    Private-sector companies create 173,000 net jobs in May

    Private companies increased their job creation last month, adding 173,000 net new positions, but hiring lagged last year’s stronger pace, payroll firm Automatic Data Processing said Thursday. The May growth was an increase from the upwardly revised 166,000 net new jobs created the previous month....

  • California Inc.: A big ship celebrates a big milestone

    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 for California: The Golden State added 59,600 jobs in April. Unemployment, which...

  • California outpacing U.S. on job growth, unemployment falls to 5.3%

    California outpacing U.S. on job growth, unemployment falls to 5.3%

    California employers picked up hiring in April, adding 59,600 jobs during the month, according to state data released Friday. Unemployment, which has been steadily declining, reached 5.3%, inching closer to the national unemployment rate of 5%, the Employment Development Department reported. April...

  • Most Obamacare enrollees are satisfied with coverage, but worries over costs are rising

    Most Obamacare enrollees are satisfied with coverage, but worries over costs are rising

    Most Americans enrolled in health plans through the Affordable Care Act are happy with their coverage, despite persistent attacks on the health law by Republicans, including presumptive presidential nominee Donald Trump. But consumers are increasingly concerned about their monthly premiums and...

  • 'Measure of a Man' boldly tracks tragedy of the working class

    'Measure of a Man' boldly tracks tragedy of the working class

    Sobering and political, Stéphane Brizé’s quietly tragic social drama “The Measure of a Man” puts an unemployed, middle-aged husband and father (Vincent Lindon) into the kind of economic and moral quagmire reminiscent of the wrenching working-life stories told by Belgium’s Jean-Pierre and Luc Dardenne...

  • Viacom board scraps pay for Sumner Redstone

    Viacom board scraps pay for Sumner Redstone

    Viacom's board on Wednesday decided to eliminate one of the last corporate perks for its ailing founder, Sumner Redstone. Going forward, the media mogul who turns 93 next week, will not be paid an annual salary, according to a person familiar with the situation. Redstone was paid a $2-million salary...

  • Stocks close mostly flat as investors await jobs report

    Stocks close mostly flat as investors await jobs report

    Stocks closed mostly unchanged Thursday, as an earlier rally in oil prices faded and investors waited for the release of a closely watched jobs report. The Dow Jones industrial average rose 9.45 points, or less than 0.1%, to 17,660.71. The Standard & Poor’s 500 index fell 0.49 of a point, less...

  • Weak U.S. hiring report sends stocks lower

    Weak U.S. hiring report sends stocks lower

    U.S. and global stock indexes moved lower for a second day Wednesday following a dismal report on job creation that gave investors concern over the state of the economy. That data followed a round of economic news out of China and Europe on Tuesday that also suggested sluggish growth. The Dow Jones...

  • Private-sector job growth stumbles to slowest pace in three years, ADP says

    Private-sector job growth stumbles to slowest pace in three years, ADP says

    Private-sector job growth unexpectedly stumbled last month, with U.S. companies hiring workers at the slowest pace in three years, payroll firm Automatic Data Processing said Wednesday. Employers added 156,000 net new jobs in April, a sharp falloff from a downwardly revised 194,000 the previous...

  • Uber sued again over drivers' employment status

    Uber sued again over drivers' employment status

    The class action flood gates have opened. Less than two weeks after Uber Technologies agreed to pay up to $100 million to settle class-action lawsuits in California and Massachusetts in which drivers sought to be reclassified as employees instead of independent contractors, the ride-hailing company...

  • In a down-on-its-luck Oregon mill town, the savior they're waiting for is Donald Trump

    In a down-on-its-luck Oregon mill town, the savior they're waiting for is Donald Trump

    He used to wake her up nights, shouting out his terror in the dark, his tattooed biceps continuing their clench-and-spasm dance long after a shift feeding cedar logs into the endless maw of the lumber mill. In his nightmare, Keven Jones pushed the logs into neat rows, but as he dreamed, the logs...

  • California Inc.: At last, a place young ninjas can call home

    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. Wall Street is still digesting word from the Commerce Department that U.S. economic growth...

  • Time Warner CEO Jeff Bewkes' compensation topped $31 million last year

    Time Warner CEO Jeff Bewkes' compensation topped $31 million last year

    Jeff Bewkes, Time Warner Inc.'s chairman and chief executive, collected a compensation package valued at $31.5 million in 2015, representing a 4% decline from the previous year. Bewkes, 63, received $2 million in salary, $7.9 million in stock options, stock options valued at $8 million and a $13.4-million...

  • U.S. economy grows at slowest pace in two years

    U.S. economy grows at slowest pace in two years

    Growth by the U.S. economy fell off sharply in the first three months of 2016, posting its worst quarterly performance in two years amid a global slowdown, the Commerce Department said Thursday. The broadest measure of the nation's economic output, known as gross domestic product, increased at...

  • Four consequences of a $15 minimum wage

    Four consequences of a $15 minimum wage

    Exhaustive research over the past few decades suggests raising the minimum wage has little negative impact on overall employment. Problem is, most past wage hikes have been relatively modest, and there's no data to confidently predict what might happen following the kinds of increases now planned...

  • California Inc.: Do state lawmakers deserve a raise?

    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. The death of Prince last week produced copious coverage. We weighed in with a story about...

  • Why 'rankism' harms the workplace and how to address it

    Why 'rankism' harms the workplace and how to address it

    Have you ever witnessed people who "pull rank" on another person who is lower in the organization's hierarchy? They make abusive or manipulative comments, act disrespectfully to others or take advantage of them. They abuse their power or perceived power. The term "rankism" was used by Robert W....

  • Applications for unemployment benefits fall to four-decade low

    Applications for unemployment benefits fall to four-decade low

    The number of Americans seeking jobless aid fell to a four-decade low last week, a sign that employers are unconcerned about weak economic growth in the first three months of 2016. Weekly applications for jobless benefits declined to a seasonally adjusted 247,000, the lowest reading since November...

  • Intel to slash 12,000 jobs as it moves away from PCs

    Intel to slash 12,000 jobs as it moves away from PCs

    Giant chipmaker Intel Corp. will slash 12,000 jobs, or about 11% of its workforce, to help offset declining PC sales and reposition itself as a firm focused on cloud computing and smart devices, the company said Tuesday. “We are evolving from a PC company to one that powers the cloud and billions...

  • CBS Chief Executive Leslie Moonves was paid $56.8 million in 2015

    CBS Chief Executive Leslie Moonves was paid $56.8 million in 2015

    CBS Corp. Chief Executive Leslie Moonves’ compensation reached $56.8 million in 2015, securing his standing as one of America's highest-paid executives.His total compensation declined slightly from 2014, when it totaled $57.2 million, according to a Securities and Exchange Commission filing on...

  • California adds 4,200 jobs, while unemployment drops to 5.4%, the lowest in 9 years

    California adds 4,200 jobs, while unemployment drops to 5.4%, the lowest in 9 years

    California added 4,200 jobs in March, the Employment Development Department reported Friday. The uptick pushed unemployment in the state to 5.4%, down from 5.5% a month earlier. March marked the state’s lowest unemployment rate since July 2007.  See the most-read stories this hour >> California...

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