LATEST IN BUSINESS

LATEST IN BUSINESS

  • Weinstein Co. seeks to dismiss class-action lawsuit, saying Weinstein was solely responsible for his action

    Weinstein Co. seeks to dismiss class-action lawsuit, saying Weinstein was solely responsible for his action

    Weinstein Co. sought to toss out a lawsuit by alleged victims of Harvey Weinstein, arguing that former colleagues were not aware of his “predatory” behavior toward actresses, assistants and models at the studio he co-founded. Attorneys for Weinstein Co. on Tuesday filed the motion to dismiss a...

  • Albertsons, which owns grocers Vons and Safeway, is buying Rite Aid

    Albertsons, which owns grocers Vons and Safeway, is buying Rite Aid

    Grocery operator Albertsons Cos. plans to buy drugstore chain Rite Aid Corp. — a move it announced Tuesday as major retailers continue to bulk up and diversify in the face of shifting consumer shopping trends and stiff competition from retail giants Amazon.com Inc. and Walmart Inc. The deal also...

  • Stocks fall as Walmart shares plunge the most in 30 years

    Stocks fall as Walmart shares plunge the most in 30 years

    The biggest drop in Walmart's stock in 30 years and losses in other sectors pulled U.S. indexes lower Tuesday, snapping a six-day winning streak. The losses deepened in the last hour of trading into a broad sell-off that erased early gains led by technology companies. Walmart plunged more than...

  • Getting a new iPhone battery is often a frustrating, weeks-long process

    Getting a new iPhone battery is often a frustrating, weeks-long process

    Some people across the country are reporting that they're having a tough time getting their iPhone batteries replaced through Apple Inc.'s battery replacement program that launched after the company admitted that it slows down phones with older batteries to preserve the phones' performance. From...

  • Peanut allergy treatment succeeds in study

    Peanut allergy treatment succeeds in study

    The first treatment to help prevent serious allergic reactions to peanuts may be on the way. A California company said Tuesday that its daily capsules of peanut flour helped children build tolerance to the nuts in a major study. Millions of children have peanut allergies, and some have life-threatening...

  • Inflation is heating up. What should you do about it?

    Inflation is heating up. What should you do about it?

    After years of low inflation, signs that wage and price growth finally are heating up were a major factor in this month’s financial market turbulence. But the recovery from the Great Recession has seen these inflation flirtations before. And despite big January jumps in average hourly earnings...

  • Couple makes millions off Medicaid managed care as oversight lags

    Couple makes millions off Medicaid managed care as oversight lags

    Norma Diaz and her husband, Joseph Garcia, have dedicated their careers to running a nonprofit health insurer that covers some of California’s neediest residents. For three decades, they have worked for a Medicaid managed-care plan, Community Health Group, serving nearly 300,000 poor and disabled...

  • McLaren 720S: How'd they make this thing street legal?

    McLaren 720S: How'd they make this thing street legal?

    McLaren doesn’t make a lot of cars — about 3,300 in 2017 — or a lot of models. But what it makes is magic. Starting with the Sports Series, rising through the Super Series, and culminating in the Ultimate Series, the McLaren machines are highly intentional, purpose-built vehicles. They are designed...

  • United Airlines tests new boarding process at Los Angeles International Airport

    United Airlines tests new boarding process at Los Angeles International Airport

    United Airlines, the third-largest carrier at Los Angeles International Airport, has started trying out a new way to board passengers that might cut back on confusion and frustration. “We’ve been testing different processes and soliciting feedback to find a more customer-friendly boarding method...

  • Streaming video is NBC's fountain of youth at the Winter Olympics

    Streaming video is NBC's fountain of youth at the Winter Olympics

    On Tuesday evening, 27-year-old Cosette Chaput hoped to get home from a late meeting at the Westwood office of the marketing agency where she works to see Olympic snowboarder Shaun White compete the halfpipe competition for his third gold medal. With traffic on Santa Monica Boulevard moving at...

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