LATEST IN BUSINESS

LATEST IN BUSINESS

Few areas in America haven't seen Chinese investment

China continues to hold a massive trade surplus with the United States that’s on pace this year to again reach nearly $350 billion. But there’s a flip side of that trade gap as China invests billions back in America. Investment from China is now so prevalent that all but 10 of America’s 435 congressional...

  • Nasdaq crosses 6,000 as healthy profits push stocks higher

    Nasdaq crosses 6,000 as healthy profits push stocks higher

    Profits are climbing for companies, and so are their stock prices. More big businesses joined the earnings parade Tuesday, saying their profits were even bigger in the first three months of the year than analysts were expecting, including Caterpillar and McDonald's. The gains put U.S. indexes on...

  • Google to offer rides in self-driving vehicles in Arizona

    Google to offer rides in self-driving vehicles in Arizona

    Google and Fiat Chrysler for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in spring 2016 that they would build 100 self-driving Chrysler Pacifica hybrid minivans. Those vehicles have been tested...

  • Albertsons is interested in buying Whole Foods, report says

    Albertsons is interested in buying Whole Foods, report says

    Albertsons is apparently still shopping around in the organic aisle. The grocery chain’s owner is reportedly considering a takeover of high-end grocer Whole Foods Market Inc., according to a report Monday from the Financial Times. The news comes just weeks after Bloomberg reported that Albertsons...

  • Home prices rose at the fastest pace in nearly 3 years

    Home prices rose at the fastest pace in nearly 3 years

    U.S. home prices rose steadily in February as more buyers chased fewer available properties, a trend that many analysts say may not be sustainable. The Standard & Poor's CoreLogic Case-Shiller national home price index, released Tuesday , increased 5.8% in February, the most in 32 months. Such...

  • Trump slaps tariff on Canadian softwood lumber 

    Trump slaps tariff on Canadian softwood lumber 

    The Trump administration moved Monday to impose a 20% tariff on softwood lumber entering the United States from Canada, escalating an intensifying trade dispute between the two countries. The president announced the decision during a gathering with conservative media outlets at the White House...

  • Did 'people power' save a trove of EPA data from a shutdown by Trump?

    Did 'people power' save a trove of EPA data from a shutdown by Trump?

    The notice over the weekend shocked scientific and technical researchers on environmental issues: The Environmental Protection Agency’s 5-year-old open data website, a trove of data on air, water and ground pollution and the sources of toxic chemical releases, was about to be shut down. One day...

  • Supreme Court rejects appeal from GM on faulty ignition switches

    Supreme Court rejects appeal from GM on faulty ignition switches

    The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs' attorney said could expose the company to billions of dollars in additional claims. The justices without comment left in place a lower...

  • Andrea Tantaros brings new accusations against Fox News, claiming digital hacking

    Andrea Tantaros brings new accusations against Fox News, claiming digital hacking

    Andrea Tantaros, the former Fox News co-host of “The Five” and “Outnumbered,” contended in a lawsuit filed Monday that the conservative cable news channel retaliated against her claims of sexual harassment by hacking her computer and conducting surveillance of telephone calls and emails. The lengthy...

  • Investors cheer French election results as U.S. and global stocks rally

    Investors cheer French election results as U.S. and global stocks rally

    Vive le rally. U.S. stocks joined a worldwide surge higher Monday after the first round of France's presidential election raised expectations that the European Union will hold together. A candidate seen as pro-business won the most votes Sunday, and many investors expect him to win a runoff against...

  • Trump's tax announcement is unlikely to provide many details

    Trump's tax announcement is unlikely to provide many details

    President Trump promised a "big announcement" this week on one of his signature issues — tax reform. But if you're looking for all the long-awaited details of his promised "massive tax cut" for businesses and individuals, you'll have to wait a while longer. The White House now says that Trump simply...

  • Tesla plans to nearly double its car-charging network

    Tesla plans to nearly double its car-charging network

    Tesla will nearly double its Supercharger electric car charging network this year to 10,000 public charging units globally, up from 5,400, the company said Monday. The company plans to begin producing the mass-market Model 3 later this year, and to expand its current annual vehicle production from...

  • TrueCar proposes public offering to raise money

    TrueCar proposes public offering to raise money

    TrueCar Inc. is looking to raise funds with a proposed public offering of common stock. The Santa Monica-based vehicle pricing and information website said Monday it expects to offer 1 million shares of common stock, and that certain existing shareholders will likely offer 7.5 million shares in...

  • 7 reasons short sellers are betting against Tesla

    7 reasons short sellers are betting against Tesla

    A high-end Tesla Model S can rocket from zero to 60 mph in 2.27 seconds. But can the electric car maker itself accelerate from producing 80,000 autos a year to 500,000 in 2018? A million in 2020? Can it make money in the process? Short sellers are betting big on no. It’s a dangerous bet. Here’s...

  • How a short sale can short-circuit your credit score

    How a short sale can short-circuit your credit score

    Dear Liz: In 2010 I was laid off from my construction management position. I was unable to find work for 28 months. The bank tried to foreclose but I was able to arrange a short sale of my home in March 2012. Shortly after that, my unemployment benefits ran out and I was unable to pay my obligations...

  • LAX lets you report a dirty bathroom with a text

    LAX lets you report a dirty bathroom with a text

    Los Angeles International Airport is the second busiest airport in the nation, but when it comes to customer satisfaction, well, let’s just say it doesn’t rank that high. LAX placed 86th in the world, according to the latest survey of 19 million travelers around the world by the Skytrax World Airport...

  • Does a condo seller have an obligation to inform a buyer about a noisy neighbor?

    Does a condo seller have an obligation to inform a buyer about a noisy neighbor?

    Question: We purchased a condominium in a small complex and in a great location for an incredibly low price because the previous owners had to move suddenly. Shortly after we moved in we started hearing strange outbursts of swearing and barking-like sounds coming from another unit close by. This...

  • Trump's travel ban may be keeping honeymooners closer to home

    Trump's travel ban may be keeping honeymooners closer to home

    President Trump’s proposal to temporarily ban travel from several Middle Eastern countries may be forcing couples to rethink their honeymoon destinations. Trump has proposed two separate immigration bans since taking office in January, both of which were challenged and halted by federal courts....

  • The battle between hotels and Airbnb continues to heat up

    The battle between hotels and Airbnb continues to heat up

    The nation’s hotel industry has for years shrugged off competition from short-term rentals, booked through sites like Airbnb and VBRO, saying they pose no major threat. That is no longer the case. The American Hotel and Lodging Assn., the trade group for the nation’s hotels, broke fundraising and...

  • Amid passenger-dragging fiasco, United CEO Oscar Munoz says he won't take chairman post

    Amid passenger-dragging fiasco, United CEO Oscar Munoz says he won't take chairman post

    Facing furor after a United passenger was dragged off a sold-out plane, the chief executive for the carrier’s parent company has agreed not to take on the added role next year of chairman of the board. Under a previous employment agreement, United Continental Holdings chief executive Oscar Munoz...

  • Volkswagen to pay $2.8-billion criminal fine in U.S. diesel emissions scandal

    Volkswagen to pay $2.8-billion criminal fine in U.S. diesel emissions scandal

    A federal judge on Friday ordered Volkswagen to pay a $2.8-billion U.S. criminal penalty for cheating on diesel emissions tests, blessing a deal negotiated by the government for a “massive fraud” orchestrated by the German automaker. U.S. District Judge Sean Cox stuck to the plea deal during the...

  • Bebe plans to close its last stores by the end of May

    Bebe plans to close its last stores by the end of May

    Women’s apparel retailer Bebe Stores Inc. said it’s closing its remaining 168 stores, the latest in a string of retailers shutting physical outlets. Bebe said it expects “to close all of the stores by the end of May,” according to a filing the Brisbane, Calif., firm made this week with the Securities...

  • Stocks slump as finance and healthcare firms fall

    Stocks slump as finance and healthcare firms fall

    U.S. stocks slumped Friday as financial and healthcare companies moved down. Industrial companies rose as stocks continued the up-and-down pattern they've been stuck in for the last month. Banks fell as bond yields and interest rates slid early in the day. Energy companies sank with oil prices....

  • Trump administration refuses to let Exxon Mobil drill for oil in Russia

    Trump administration refuses to let Exxon Mobil drill for oil in Russia

    The Trump administration has denied a request from Exxon Mobil Corp. to waive U.S. sanctions against Russia to allow the company to resume oil drilling around the Black Sea. Treasury Secretary Steven T. Mnuchin said Friday in a brief statement that the administration “will not be issuing waivers...

  • From 'Trump Survival Guide' to 'Hillbilly Elegy,' book publishing turns to all things political

    From 'Trump Survival Guide' to 'Hillbilly Elegy,' book publishing turns to all things political

    As the nation hotly debated President Trump’s surprise election, Vroman’s Bookstore in Pasadena began stacking pocket-sized copies of the U.S. Constitution near the registers early this year because customers kept asking for them. The Last Bookstore in downtown Los Angeles set up a display of dystopian...

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