LATEST IN BUSINESS

LATEST IN BUSINESS

  • SpaceX hopes to launch a recycled rocket. Can it cut the turnaround to a couple days?

    SpaceX hopes to launch a recycled rocket. Can it cut the turnaround to a couple days?

    On Thursday, almost a year after SpaceX first landed one of its rocket boosters on a floating platform, the Hawthorne company plans to launch a commercial communications satellite using that same booster. The use of a recycled rocket will represent a milestone for the young private space industry,...

  • With Brexit, Britain pulls the trigger — on itself

    With Brexit, Britain pulls the trigger — on itself

    Ever since June 23, when the British public cast a stunning, if narrow, vote to leave the European Union, many of Britain’s wiser and more thoughtful political and business leaders have been living in a state of wishful thinking, cherishing the hope that somehow, the decision to end 45 years of...

  • Rover.com acquires Santa Monica dog-sitting start-up DogVacay, which couldn't keep up

    Rover.com acquires Santa Monica dog-sitting start-up DogVacay, which couldn't keep up

    Last fall, Aaron Hirschhorn was telling investors that his Santa Monica start-up DogVacay had quarterly sales that tripled compared with a year earlier, had profits well in sight and had grand ideas for new features. But one big challenge lingered: DogVacay’s main rival in pet-setting and dog-walking...

  • Viacom's BET network shuffles top programming ranks

    Viacom's BET network shuffles top programming ranks

    The top two programming executives at television channel BET abruptly stepped down Wednesday, adding to the management turnover at struggling media company Viacom Inc. BET’s head of programming, Stephen Hill, said he would exit Friday after 22 years at Viacom and 18 years at BET. “It has been my...

  • Stocks mostly climb as oil rises sharply

    Stocks mostly climb as oil rises sharply

    U.S. stock indexes closed mostly higher Wednesday after a sharp increase in crude oil prices helped drive market-leading gains for energy companies. Banks and other financial stocks declined the most as bond yields headed down, which translates into lower interest rates on loans and lower profits...

  • Andrew Napolitano returns to Fox News after being benched over wiretap claims

    Andrew Napolitano returns to Fox News after being benched over wiretap claims

    Fox News senior judicial analyst Andrew Napolitano returned to the air on Wednesday morning and stood by the unsubstantiated wiretapping claims that got him in hot water with his network nearly two weeks ago. The former New Jersey Superior Court judge had not been on the air since March 16 as he...

  • Uber, trying to turn company around, releases diversity numbers

    Uber, trying to turn company around, releases diversity numbers

    In a bid to show that it is serious about transparency and cultural turnaround, ride-hailing giant Uber released data on diversity in its workforce Tuesday. The numbers show that Uber, like other technology companies, has struggled to attract women, Latinos and African Americans to its workforce....

  • Toshiba says Westinghouse has filed for bankruptcy protection in the U.S.

    Toshiba says Westinghouse has filed for bankruptcy protection in the U.S.

    Japan's embattled Toshiba Corp. says its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection. Toshiba said in a statement Wednesday that it filed the Chapter 11 petition in the U.S. Bankruptcy Court of New York. The move had been largely expected. Toshiba is expecting...

  • Wells Fargo to pay $110 million to settle lawsuits over unauthorized accounts

    Wells Fargo to pay $110 million to settle lawsuits over unauthorized accounts

    In the six months since Wells Fargo & Co. acknowledged opening millions of accounts customers didn’t authorize, the bank has junked its old sales incentives, replaced its chairman and chief executive, and paid $185 million in fines. Bank customers, meanwhile, have received just $3.2 million in...

  • 'Kong: Skull Island' conquers China's box office

    'Kong: Skull Island' conquers China's box office

    The U.S.-Sino co-production “Kong: Skull Island” ruled China’s box office last week, followed by Disney’s live-action remake “Beauty and the Beast.” The monster-themed epic topped the weekly chart by taking in a massive $72.2 million over the weekend, according to film industry consulting firm...

  • Theater owner group CEO: Blaming theatrical windows for piracy is 'completely crazy'

    Theater owner group CEO: Blaming theatrical windows for piracy is 'completely crazy'

    The head of the group representing the nation’s cinema operators voiced support Tuesday for potentially groundbreaking talks between theater owners and studios to deliver movies sooner to the home. “Let’s stop fighting publicly about the future of our release dates. This is about growing the pie...

  • How does your doctor rate? Check out this new website

    How does your doctor rate? Check out this new website

    An unprecedented statewide website takes aim at one of the most fraught issues in medicine: Rating the performance of individual doctors. Newly launched by the California Healthcare Performance Information System, the site scores 10,000 doctors in California, providing ratings in eight medical...

  • NBC's 2018 Olympics coverage will air live in all time zones

    NBC's 2018 Olympics coverage will air live in all time zones

    NBC’s prime-time coverage of the 2018 Winter Olympics in Pyeongchang, South Korea, will air live across the United States, including on the West Coast, a first since the Games became a major television attraction in the late 1960s. The move to coast-to-coast live coverage — which NBC Sports is...

  • House sends Trump bill to kill landmark broadband privacy regulations

    House sends Trump bill to kill landmark broadband privacy regulations

    The House voted Tuesday to kill landmark privacy restrictions for Internet service providers and sent the bill to the White House, which indicated President Trump would sign it and invalidate the rules before they go into effect. The measure, approved largely along party lines, repeals tough new...

  • Chinese tech giant Tencent buys 5% stake in Tesla

    Chinese tech giant Tencent buys 5% stake in Tesla

    Chinese technology giant Tencent Holdings Ltd. has bought a 5% stake in electric car and solar firm Tesla Inc., according to a regulatory filing submitted Tuesday. The $1.8-billion investment gives one of China’s most valuable companies another foothold in a growing industry and provides Elon Musk’s...

  • Regulators ding Wells Fargo's community-lending record, citing accounts scandal

    Regulators ding Wells Fargo's community-lending record, citing accounts scandal

    Bank regulators have given Wells Fargo & Co. a poor grade when it comes to serving low-income communities, the bank said Tuesday. In a regulatory filing and news release, the San Francisco bank said that the Office of the Comptroller of the Currency had given it a rating of “needs to improve” on...

  • Uber reveals how white and male its workforce is

    Uber reveals how white and male its workforce is

    Uber Technologies Inc. shed light on the gender and racial diversity of its workforce for the first time Tuesday, releasing a batch of data that even its recruiters reportedly couldn’t access. The numbers show the ride-hailing giant is enduring the same struggles as much of the tech industry to...

  • Facebook adds more Snapchat-like features, and Snap stock falls

    Facebook adds more Snapchat-like features, and Snap stock falls

    The Facebook app’s introduction of Snapchat-like features sent shares of Snap Inc. tumbling Tuesday. Facebook Inc. said it wants to let people’s cameras “do the talking,” as more people are posting photos and videos instead of blocks of text. That’s both a compliment and a big challenge to Snapchat,...

  • Disney film executive delivers sobering message on changing cinema business

    Disney film executive delivers sobering message on changing cinema business

    Hollywood’s annual gathering of movie studios and theater owners in Las Vegas, known at CinemaCon, normally opens with a cheerleading speech for the movie business dominated by talk of box office records and global growth. But the event’s opening remarks by Disney’s film distribution head, Dave...

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