Southern California burger chain Johnny Rockets has a new owner in Boston Market parent Sun Capital Partners.
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The $367.5-million sale of U.S. Bank Tower in downtown Los Angeles, the tallest building in the West, has been completed.
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NEW YORK -- Everyone on Wall Street knows that the Federal Reserve will eventually stop its $85-billion-a-month bond buyback program and see if the U.S. economy can stand on its own two feet. Though most investors want this to happen and look forward to when the economy is booming again, many worry about what could happen to the economy without this government money.
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NEW YORK -- Stocks fell sharply after the Federal Reserve's statement and Chairman Ben Bernanke's news conference Wednesday, with major U.S. indexes losing more than 1%.
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California's outdoor resources -- its beaches, mountains and deserts -- are key assets in fueling the state's $106-billion tourism industry.
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Business majors top the list of college graduates who are most likely to be underemployed in the current economy, a report says.
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Federal Reserve Chairman Ben S. Bernanke outlines what he expects for U.S. growth in the coming year as the central bank releases its policy statement. He'll also face TV cameras and reporters during a quarterly news conference.
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NEW YORK -- Investors' early reaction to the Federal Reserve's statement: sell.
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WASHINGTON -- Federal Reserve policymakers said Wednesday that they would continue the central bank’s controversial bond-buying stimulus program and leave short-term interest rates near zero to help boost the economic recovery, which they said was facing fewer downside risks.
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A study found that if patients and doctors used medicines responsibly, the U.S. healthcare system could save $213 billion annually.
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The state on Friday will release its monthly jobs report showing whether the unemployment rate rose or fell in May. The monthly data release will also show which sectors added or shed jobs last month.
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A Senate bill meant to offer a pathway to citizenship for the estimated 11 million people in the U.S. who entered illegally or stayed on expired visas could trim the deficit by about $175 billion over the next 10 years, according to a federal report.
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The nation's biggest banks haven't yet kept all the pledges they made 16 months ago to settle state and federal investigations into abuses of troubled homeowners and the foreclosure process, the national monitor for the settlement reported.
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Men’s Wearhouse Inc. said Wednesday that it was removing founder George Zimmer as executive chairman, without offering a reason for the dismissal.
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WASHINGTON -- Treasury Secretary Jacob J. Lew has improved his penmanship, unveiling a less loopy version of his unusual signature that will be printed on U.S. paper currency.
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Barely a year after overhauling his upscale downtown Water Grill eatery to make it more appealing to young diners, restaurateur Sam King is launching a second Water Grill location in Santa Monica next month.
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California Public Employees’ Retirement System, the country's third-largest purchaser of health benefits, said its health premiums next year would increase 3%, on average, for nearly 1.3 million members.
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NEW YORK -- The stock market could get a bit jumpy.
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Dramatic double-digit percentage home price gains have raised concerns of a new housing bubble, but those eye-popping increases should moderate by the end of this year as more supply comes on the market, according to a national real estate data firm.
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WASHINGTON -- A difficult task awaits Federal Reserve Chairman Ben S. Bernanke when he faces the TV cameras Wednesday in his quarterly news conference.
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Gay couples have a harder time finding a place to rent together than straight couples, according to the first national housing study on the issue.
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On the eve of a Senate hearing on airline mergers, two senators are urging the Obama administration to carefully scrutinize the proposed merger of American Airlines and US Airways.
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