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  • California Inc.: Is it safe to reopen Aliso Canyon gas storage field?

    California Inc.: Is it safe to reopen Aliso Canyon gas storage field?

    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 get back to business Monday after a week in which the Dow Jones industrial average...

  • Trump tells auto CEOs that environmental regulations are 'out of control'

    Trump tells auto CEOs that environmental regulations are 'out of control'

    President Trump told leaders of the country's largest automakers Tuesday that he will curtail "unnecessary" environmental regulations and make it easier to build plants in the U.S., changes that he expects will shore up the manufacturing jobs he repeatedly promised to voters on the campaign trail....

  • 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...

  • Disney CEO Robert Iger's compensation dropped slightly to $43.9 million in 2016

    Disney CEO Robert Iger's compensation dropped slightly to $43.9 million in 2016

    Walt Disney Co. Chief Executive and Chairman Robert Iger’s total compensation was $43.9 million during the company’s most recent fiscal year, according to a Securities Exchange Commission filing. His compensation during fiscal 2016, which ended Oct. 1, was down 2.3% from $44.9 million a year earlier...

  • Boeing plans buyouts and layoffs for engineers

    Boeing plans buyouts and layoffs for engineers

    Boeing Co. has internally announced a new round of employee buyouts for engineers companywide, including in Southern California, and warned that layoff notices will follow later this month to engineers in Washington state, where the company has a large presence. Management did not cite a target...

  • Squeezed by congressional skinflints, Social Security axes more services

    Squeezed by congressional skinflints, Social Security axes more services

    Social Security is much beloved by Americans — that’s why it’s often called the “third rail of American politics” — but its enemies on Capitol Hill never rest in trying to make it less beloved. We’re not talking about the level of benefits, which has resisted conservatives’ determined slash-and-burn...

  • Repealing Obamacare could be a matter of life or death for many Americans. Here are their voices

    Repealing Obamacare could be a matter of life or death for many Americans. Here are their voices

    For Julie Ross, the looming repeal of the Affordable Care Act isn’t an abstract political issue. It’s a life-or-death matter for her 4 1/2-year-old daughter, who was born with Down syndrome and a congenital heart condition and spent her first month in the neonatal intensive care unit. In the pre-Affordable Care...

  • CEO Tim Cook gets his pay cut as Apple's revenue declines for first time since 2001

    CEO Tim Cook gets his pay cut as Apple's revenue declines for first time since 2001

    Apple penalized Chief Executive Tim Cook for the iPhone maker's first sales slump in 15 years with a 15% pay cut.  Cook still did extremely well, with a compensation package valued at $8.7 million for Apple's fiscal year that ended Sept. 24, according to a regulatory filing made Friday. But the...

  • Theranos lays off 40% of remaining staff

    Theranos lays off 40% of remaining staff

    Embattled blood testing start-up Theranos said Friday it was laying off 155 employees, or about 40% of its remaining staff. After months of regulatory setbacks and scrutiny, the Silicon Valley company will continue with just 220 employees, who will work on bringing an experimental device called...

  • How the University of California exploited a visa loophole to move tech jobs to India

    How the University of California exploited a visa loophole to move tech jobs to India

    Using a visa loophole to fire well-paid U.S. information technology workers and replace them with low-paid immigrants from India is despicable enough when it’s done by profit-making companies such as Southern California Edison and Walt Disney Co. But the latest employer to try this stunt sets a...

  • Job growth slows in 2016, but wages are rising

    Job growth slows in 2016, but wages are rising

    The U.S. economy finished 2016 with a slowdown in job growth but a surge in wage gains, a mixed picture that has come to mark President Obama’s stewardship of the nation’s long but relatively weak recovery from the Great Recession.   Employers added 156,000 jobs in December — the 75th straight...

  • Stocks mostly slip as banks slump and retailers dive

    Stocks mostly slip as banks slump and retailers dive

    Stocks slipped Thursday as interest rates dropped and banks took sharp losses. Department stores tumbled as Macy's and Kohl's plunged following weak holiday-season reports that led the chains to cut their profit forecasts. After a solid but uninspiring report on private hiring in December, bond...

  • Private-sector job growth slows, jobless claims plunge in mixed labor market data

    Private-sector job growth slows, jobless claims plunge in mixed labor market data

    Private-sector employers unexpectedly slowed their hiring in December, but jobless claims fell to near a four-decade low as new data sent mixed signals about the labor market ahead of Friday’s jobs report. U.S. companies added 153,000 net new jobs last month, down significantly from 215,000 in...

  • Macy's to close stores and cut more than 10,000 jobs

    Macy's to close stores and cut more than 10,000 jobs

    After a disappointing holiday season, Macy’s said it is cutting more than 10,000 jobs and going ahead with plans to close 68 stores — including locations in San Diego and Santa Barbara. The department store chain reported Wednesday that same-store sales in November and December dropped 2.1% compared...

  • Warehouses promised lots of jobs, but robots are invading the workforce

    Warehouses promised lots of jobs, but robots are invading the workforce

    When Skechers started building a colossal distribution center in Moreno Valley six years ago, backers promised a wave of new jobs. Instead, by the time the company moved operations to the Moreno Valley, the company had closed five facilities in Ontario that employed 1,200 people and cut its workforce...

  • Stocks little changed as investors seek safety

    Stocks little changed as investors seek safety

    Investors made a small move back to safer assets Friday afternoon after the government's November jobs report showed continued hiring but weak wage growth. Stock indexes finished little changed after real estate and household goods companies rose, but banks, which have soared since the presidential...

  • What November's solid jobs report means for interest rates and Donald Trump

    What November's solid jobs report means for interest rates and Donald Trump

    Solid job gains and a nine-year low unemployment rate in November put the Federal Reserve on track for an interest rate hike this month and indicate that President-elect Donald Trump will inherit a steadily growing labor market — although one that still needs some key improvements. The U.S. economy...

  • Transamerica to close L.A. and Folsom offices, cutting hundreds of jobs

    Transamerica to close L.A. and Folsom offices, cutting hundreds of jobs

    Financial services and insurance company Transamerica said Thursday that it will close its office in Los Angeles, cutting about 315 jobs. The Baltimore company will also close its office in Folsom, where 30 employees will be affected. Transamerica will no longer have operations in California, though...

  • U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

    U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

    Obama retaliates against Russia over election meddling Feb. 1, 2017, 1:26 p.m. This is our look at President-elect Donald Trump's transition and the outgoing Obama administration: Sanctions against Russia are part of sweeping punishments announced by Obama administration Trump claims credit for...

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