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Blog Profile / Money & Co

Filed Under:Business & Finance
Posts on Regator:11560
Posts / Week:34.8
Archived Since:March 9, 2008

Blog Post Archive

California House delegation urges Postal Service to nix Staples deal

A California House delegation led by Alan Lowenthal (D-Long Beach) is calling on Postmaster General Patrick R. Donahoe to reject a recent pilot program with Staples to operate retail mail counters at 82 U.S. stores. 

NBA asks sponsors to return to Clippers after Sterling lifetime ban

NBA Commissioner Adam Silver urged Clippers sponsors to return to backing the team after the league fined owner Donald Sterling $2.5 million and banned him from associating with either the Clippers or the NBA for life.

H&M to open FIGat7th store on May 1, plans COS spinoff store in L.A.

H&M is set to open its flagship store at the FIGat7th shopping complex on May 1, marking the Swedish fast fashion giant’s first entry into downtown Los Angeles.

Homeownership rate slips to 19-year low while rental market tightens

The nation's homeownership rate slipped to its lowest level in 19 years in the first quarter as more households rented and home sales remained low.

AT&T promises 4G WiFi on planes next year

Airline travelers who are frustrated with the speed of wireless Internet on planes may have some relief soon.

Herbalife shares rise on repurchase plan, increased earnings forecast

Herbalife Ltd. shares were up about 2% on news that the company intended to cancel its dividend and use the money on a major repurchase of its shares.

Target hires information chief, switches to chip-and-PIN MasterCards

Target Corp. is hoping its newly hired chief information officer Bob DeRodes and its plan to switch its in-house payment cards to a more secure chip-and-PIN system from MasterCard Inc. will help it avoid another massive data breach.

Wells Fargo moves annual meeting to Texas, but protesters follow

You can move your shareholder meeting out of California, but you can't stop protesters from following.

Senate committee confirms Stanley Fischer, two other Fed nominees

The Senate Banking Committee on Tuesday confirmed the nomination of Stanley Fischer, the former president of the Bank of Israel, for the Federal Reserve's No. 2 job and also approved two other nominees to fill seats on the central bank's short-handed board.

Home prices in major U.S. cities flat in February from month earlier

Year-over-year gains in home prices in large U.S. cities slowed in February, another sign the market cooled before the spring home buying season kicked off, according to a closely watched index.

Sterling scandal: Loss of Clipper sponsors could spur NBA suspension

Major sponsors of the Los Angeles Clippers are fleeing in droves as they rush to distance themselves from racist comments attributed to team owner Donald Sterling.

Shanghai Disney Resort's financers kick in an additional $800 million

To expand capacity of a proposed Shanghai Disney Resort, Walt Disney Co. and its partners in China have agreed to add an extra $800 million to the park's $4-billion price tag.

Americans differ sharply on causes of income inequality, study finds

Americans agree that income inequality has widened in the last decade but disagree about what’s causing it, with their answers often diverging along political lines, according to a new study.

Frontier Airlines adds more fees, shifts to ultra-low-fare model

With the addition of new passenger fees, Denver-based Frontier Airlines took another step Monday in its shift toward an ultra-low-cost carrier business model.

U.S. pending home sales rise in March; first gain in nine months

Pending home sales rose in March, as the national housing market showed signs of life at the start of the spring buying season.

Dockworkers briefly honor truckers' picket line at Long Beach terminal

Members of the International Longshore and Warehouse Union Local 13 went to work Monday after briefly honoring a picket line by truck drivers at a port of Long Beach Container Terminal.

Port truck drivers launch strike to protest alleged labor violations

A two-day limited strike by truck drivers that haul cargo out of the ports of L.A. and Long Beach kicked off early Monday morning at a Carson-based trucking company, launching the drivers’ largest demonstration to date.

Bank of America halts dividend boost, buyback after finding bad data

The Federal Reserve on Monday said it required Bank of America to suspend plans to increase dividends and buy back stock after the firm told regulators it submitted incorrect data about its finances as part of the government's annual stress tests.

Fed expected to start reducing balance sheet next year, survey says

Federal Reserve officials are expected to start slowly reducing the central bank's $4.2 trillion in assets next year after the end of a key stimulus program that has helped dramatically increase the size of its balance sheet, according to survey results released Monday.

Four Seasons private jet will take hotel chain's luxury to the skies

Four Season Hotels, the luxury five-star hotel company, is extending its extravagant service to air travel with the launch of private jet service.

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