Blog Profile / LA Times: Business


URL :http://www.latimes.com/business/
Filed Under:Business & Finance
Posts on Regator:1943
Posts / Week:42.9
Archived Since:September 14, 2016

Blog Post Archive

Defying predictions, wind tunnels find new customers in autos, athletics — even fast food

Wind tunnels were supposed to be put out of work by now. In 1947, when the Consolidated Vultee Aircraft Corp. opened its wind tunnel alongside the San Diego Airport, such facilities were really the only way to verify whether a proposed aircraft design would behave as expected. Scale models of a...

Economic growth rebounded to 2.6% annual rate in second quarter

The U.S. economy rebounded this spring after a weak winter, expanding at a solid 2.6% annual rate as consumers picked up their spending pace, the Commerce Department said Friday. Total economic output, also known as gross domestic product, for the April-through-June period was in line with analyst...

The 401(k) match is back, and it's getting bigger

One of the best tools to save for retirement over the last three decades has been the 401(k) and the corporate match —free money! — that came with it. In many places, one of the first casualties of the financial crisis was the company match. Now it seems, the match is roaring back. Many companies...

To thwart the trolls, social-media sites should require users' real names

If you criticize a company on the Internet, do you have a right to keep your identity hidden? A California appeals court ruled the other day that businesses have to prove online comments are false and financially harmful before they can unmask anonymous critics via subpoenas. The decision has important...

Snap won't give shareholders voting rights. For that, it's being shunned by a major stock index

The company behind the Russell 3000 index will not include Snap Inc. stock in that or other closely watched indices after investors voiced concern over the lack of voting rights given to Snap shareholders. The move could limit demand for Snap shares, which have steadily declined in price since...

Trump and GOP leaders agree to drop border-adjustment tax from reform

The Trump administration and congressional Republican leaders have ditched a controversial border-adjusted tax proposal as part of an effort to present a united front for a broad tax overhaul. But in resolving one divisive issue, their joint statement of tax-reform principles released Thursday...

PayPal co-founder launches firm to raise investment funds for SpaceX, report says

A member of SpaceX’s board of directors will reportedly leave the Silicon Valley venture capital firm he co-founded to start an investment firm focused, at least initially, on raising funds for SpaceX. News organization Axios reported Thursday afternoon that Luke Nosek, co-founder and partner at...

L.A. commercial property sales decline but total surpasses slumping Manhattan

Sales of commercial properties in Los Angeles County slipped in the first half of the year but still outpaced every other real estate market in the country, including Manhattan. High-priced trades of hotels, shopping centers and industrial properties helped launch L.A. County to an estimated $12.6...

Starbucks is shutting all Teavana stores

Starbucks Corp. plans to shut down all its Teavana stores as it seeks to improve its financial performance. The company said Thursday it will close all 379 Teavana locations in the coming year. There are at least 17 in the greater Los Angeles area. Starbucks acquired the mall-based chain in late...

Online brokerage Redfin hopes to transform home buying. On Friday, you can buy some shares

Redfin has many of the hallmarks of a “disruptive” tech firm. It pledges to transform the home buying experience. It drives down costs through online software. And it has high-profile investors, including the investment arm of Microsoft co-founder Paul Allen, despite a history of losses. Yet, if...

'Honey, you've been scammed,' she was told. She lost her home of 30 years.

Barbara Barkley is 4 feet, 10 inches tall. So she designed her home in Chesapeake, Va., just for herself, with all the counters and handles lowered. People told her the changes would make the house harder to sell, but she didn't care. "I planned to live there until I died," said Barkley, 68. Instead,...

Trump administration is sitting on tens of thousands of student debt forgiveness claims

A letter released Wednesday by Sen. Richard J. Durbin (D-Ill.) reveals that the Trump administration has done little to help defrauded student loan borrowers since taking office. Not a single application for debt relief under a federal statute known as borrower defense to repayment has been approved...

Our national nightmare: Must we give in to shrinking toilet-paper rolls?

It's no secret that toilet paper rolls are shrinking. For years, manufacturers have been sneaking in larger cardboard tubes, reducing the amount of paper.

Telecom stocks rise, but tech and industrial stocks drop

U.S. stock indexes were mixed in Thursday afternoon trading as losses for tech and industrial companies offset another big gain for telecoms. KEEPING SCORE: The Standard & Poor's 500 index was down 5 points, or 0.2%, to 2,473 as of 1 p.m. Eastern Time. Earlier in the day, it had been up by 6 points...

Democrats criticize financial industry backgrounds of two Trump bank regulator nominees

Senate Democrats on Thursday criticized the financial industry backgrounds of President Trump’s nominees for two key banking regulatory positions, arguing they would not protect the interests of average Americans. Sens. Sherrod Brown (D-Ohio), Elizabeth Warren (D-Mass.) and others sharply questioned...

Jeff Bezos briefly leapfrogs Bill Gates as world's richest person

Twenty-three years ago, Jeff Bezos was selling books out of his garage. On Thursday, the Amazon chief executive at least temporarily dethroned Bill Gates as the richest person in the world. Following a 1.3% jump in Amazon.com Inc. shares Thursday morning, Bezos, 53, was worth as much as $91.3 billion,...

Los Angeles Convention Center just wrapped up its best year ever

As a hub for conventions, Los Angeles has had a big year. The Los Angeles Convention Center reported an operating surplus of $10.2 million, a 5% increase from the previous year’s surplus of $9.7 million. It’s the biggest surplus since AEG took over management of the 46-year-old facility; before...

Should California should start its own bank to serve marijuana companies? It wouldn't be easy

Some cannabis entrepreneurs see a state- or city-owned bank as a solution to the marijuana industry's banking problems. They might be right, but it's complicated.

Molina Healthcare, under pressure to boost margins, will lay off 1,400 workers

Health insurer Molina Healthcare Inc. will lay off about 1,400 employees as the Long Beach company looks to cut costs and increase profitability. The layoffs will hit 10% of staff in the company’s corporate and health-plans units, from senior leaders to “front line staff,” interim Chief Executive...

Coke Zero is vanishing. Instead we get Coca-Cola Zero Sugar, with a new recipe

Goodbye, Coke Zero. Coca-Cola Co. announced Wednesday that it will stop selling that no-calorie soda in the United States and replace it with a different calorie-free offering: Coca-Cola Zero Sugar. The new soda is scheduled to start hitting shelves in August. Its rollout comes as the company says...

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