Blog Profile / LA Times: Business


URL :http://www.latimes.com/business/
Filed Under:Business & Finance
Posts on Regator:1512
Posts / Week:42.1
Archived Since:September 14, 2016

Blog Post Archive

Uber admits it underpaid New York drivers tens of millions of dollars

Uber on Tuesday admitted to underpaying its New York City drivers tens of millions of dollars for the last 2 1/2 years. “We are committed to paying every driver every penny they are owed — plus interest — as quickly as possible,” Uber executive Rachel Holt said in a statement. “We are working hard...

With healthcare in turmoil, Senate Republicans are under pressure to buck Trump

Senate Republicans face increasing pressure to rescue health insurance markets and protect coverage for millions of Americans amid growing fears the Trump administration is going let the markets collapse. In recent days, leading hospitals, physician groups, health insurers and the U.S. Chamber...

He accused Nissan of killing his car dealerships. A jury agreed, awarding him $256 million

An Orange County jury awarded $256.5 million to a former Southern California car dealer who alleged that Nissan’s financing arm forced him out of business as car sales plunged during the 2008-09 recession, the dealer’s lawyers announced Tuesday. The case pitted Michael Kahn, whose Superior Automotive...

Travel leaders say Trump's budget would kill program that promotes trips to the U.S.

Donald Trump the businessman was a big fan of marketing and brand building, but Trump the president has produced a budget that doesn’t support tourism marketing — and that has the travel industry fuming. Travel industry leaders are protesting a proposal in Trump’s budget, which was released Tuesday,...

U.S. new home sales drop 11.4% in April, the most in two years

U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new home sales skidded 11.4% in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more...

L.A. County median home price ties record high as housing market sizzles

The median home price in Los Angeles County rose nearly 6% in April from a year earlier, hitting $550,000 and tying a record reached in summer 2007. The milestone comes more than five years after prices bottomed out in early 2012 and as agents say potential buyers are increasingly finding homes...

Stocks open slightly higher as tech firms rise

Stocks are opening slightly higher on Wall Street as technology companies post more gains. Nokia jumped 6% in early trading Tuesday after settling legal disputes with Apple. Agilent Technologies rose 5% after the scientific instrument maker reported earnings and sales that beat analysts' estimates....

Delayed retirement advisor rule will go into partial effect, but changes may still be possible

A controversial Obama-era rule for retirement advisors, delayed by a review ordered by President Trump because of strong Republican and financial industry opposition, will partially take effect next month, Labor Secretary Alexander Acosta said. But Acosta indicated he has problems with the rule...

How to tell if a psychic is more interested in cash than clairvoyance

Joyce Senfe was distraught when her husband walked out after 56 years of marriage. She was desperate to know if he’d return. So she went online and did a search for “Christian psychic.” That’s how Senfe, who lives in Brooksville, Fla., ended up on the phone recently with Los Angeles-based Psychic...

Citigroup to pay nearly $100 million to settle Banamex money-laundering claims

Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls at the bank's Banamex subsidiary may have allowed customers to launder money sent to Mexico. The Justice Department announced Monday that the division, based in Century City,...

Bill to loosen financial rules would save $24 billion — and slash consumer protection bureau funds

The House Republican legislation scaling back Dodd-Frank financial regulations would reduce federal budget deficits by $24.1 billion over the next decade — in part by slashing funding for the Consumer Financial Protection Bureau, according to an estimate by the nonpartisan Congressional Budget...

Nathan's and Curtis hot dogs recalled: Some may be contaminated with 'metal objects'

Meat processing firm John Morrell & Co. is recalling about 210,000 pounds of Nathan’s and Curtis ready-to-eat beef hot dogs after the company received three complaints of “metal objects” in the packages. The recall affects: 14-ounce sealed film packages of Nathan's Skinless 8 Beef Franks with a...

Defense and aerospace shares lead stocks higher

U.S. stocks are broadly higher Monday morning as the market bounces back from a turbulent week. Defense contractors are making some of the largest gains, and materials makers, technology and consumer-focused companies are all rising. Ford is up after it replaced Chief Executive Mark Fields, and...

California Inc.: A flashy event for the world's most famous movie theater

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week. Here in the Golden State, there are some mixed messages on the jobs front. Employers slashed...

Ford replaces CEO in push to transform business, source says

Ford is replacing its chief executive amid questions about the company’s current performance and future strategy. A person familiar with the situation said CEO Mark Fields is retiring at age 56 after 28 years at the company. The person spoke on condition of anonymity because the official announcement...

Health savings accounts can supercharge retirement funds, but not for this guy

Dear Liz: Prior to retiring in 2015, I contributed to a health savings account. At the time my spouse and I were enrolled in my employer-provided high deductible health insurance plan. After I retired, I enrolled in an HMO plan my employer provided, which is not high deductible, and my wife enrolled...

Common-area property belongs to everyone. Board members can't take it for themselves

Question: I purchased a detached single-family home in a homeowner association around San Clemente with a zero lot line that comes right up against the back edge of our property. There is a permanent concrete walking and jogging path that wraps around the entire development adjacent to the lot...

Cutting the cord doesn't necessarily mean cutting the cost

Cutting the cord was supposed to add convenience and lower costs. But as more services pop up, is it really cheaper?

Endless winter? California ski resorts plan to keep slopes open this summer

Californians are blessed with the natural resources to ski and surf in the same day. For the first time in years, denizens of the Golden State may be able do both deep into summer. One of the wettest winters in decades has stretched the season for most California and Nevada ski resorts by up to...

Appeals court strikes down FAA drone registration rule

An appeals court on Friday struck down a Federal Aviation Administration rule that required owners of drones used for recreation to register their craft. The ruling was a victory for hobbyists and a setback for the FAA, which cited safety concerns as it tried to tighten regulation of the fast-growing...

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