Blog Profile / LA Times: Business


URL :http://www.latimes.com/business/
Filed Under:Business & Finance
Posts on Regator:1330
Posts / Week:41.6
Archived Since:September 14, 2016

Blog Post Archive

Palantir will shell out $1.7 million to resolve discrimination claims

Big data start-up Palantir will pay nearly $1.7 million to settle claims that the company discriminated against Asian job applicants, federal regulators said Tuesday. Palantir will pay back wages and other monetary relief, including the value of stock options, to affected applicants of certain...

Facing harsh criticism, airlines can now point to a drop in airfares

Facing harsh criticism over several recent scandals, the nation’s major airlines can now point to airfares that have dropped to the lowest level since the recession. The average domestic airfare for all of 2016 was $349, down 8.5% from the average of $382 in 2015, according to data released Tuesday...

Google takes steps to block 'fake news,' omit derogatory 'autocomplete' suggestions

Google has sprinkled some new ingredients into its search engine in an effort to prevent bogus information and offensive suggestions from souring its results. The changes have been in the works for four months, but Google hadn't publicly discussed most of them until now. The announcement in a blog...

With 'Star Wars' land still two years away, Disney offers visitors a 'Summer of Heroes'

When the Walt Disney Co. wrote a check for more than $4 billion in 2009 to acquire Marvel Entertainment Inc., Disney fans predicted a massive invasion of superheroes at the company’s Anaheim resort. That seems to be coming true, with the opening next month of Guardians of the Galaxy: Mission Breakout,...

How one buyer describes the Southern California housing market: 'Insane'

The spring home buying market is busy this year and prices are rising, a result of too little supply and too much demand.

Wells Fargo chairman apologizes to shareholders at annual meeting

Wells Fargo annual shareholder meeting takes place Tuesday in Florida. By Tuesday afternoon, we should know whether shareholders have voted to keep or oust most of the company's board members.

Google to offer rides in self-driving vehicles in Arizona

Google and Fiat Chrysler for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in spring 2016 that they would build 100 self-driving Chrysler Pacifica hybrid minivans. Those vehicles have been tested...

Albertsons is interested in buying Whole Foods, report says

Albertsons is apparently still shopping around in the organic aisle. The grocery chain’s owner is reportedly considering a takeover of high-end grocer Whole Foods Market Inc., according to a report Monday from the Financial Times. The news comes just weeks after Bloomberg reported that Albertsons...

Healthy profits for McDonald's, others vault stocks higher

Profits are climbing for companies, and so are their stock prices. More big businesses, including Caterpillar and McDonald's, joined the earnings parade Tuesday, saying they earned even more in the first three months of the year than analysts were expecting. The gains put U.S. indexes on track...

Wells Fargo meeting underway as shareholders cast votes on ousting board members

Wells Fargo & Co.’s annual meeting is underway in Florida, and shareholders will soon cast final votes in an election that could shake up the San Francisco financial giant’s board of directors. The bank’s chairman, Stephen Sanger, opened the meeting with an apology, acknowledging that the bank...

Does your credit card make you feel more attractive? Wells Fargo wants to know

Wells Fargo is eager to move on from the scandal involving bank employees opening millions of accounts for customers without their permission. First, however, it has a few questions for credit card holders. Among other things, it wants to know how they feel about the following statements, on a...

Police report says passenger fought with officers before he was pulled from United flight

The Chicago aviation officers who forcibly removed a passenger from a United Airlines flight filed reports saying the traveler was “aggressive” when responding to requests to give up his seat and flailed his arms while fighting with officers. The reports, released Monday in response to Freedom...

Regulators lift sanctions and approve Wells Fargo's 'living will' after revisions

Federal regulators signed off Monday on Wells Fargo & Co.’s plan for operating and winding down in a potential bankruptcy, easing restrictions that were placed on the bank last year when regulators called its plan insufficient. The Federal Deposit Insurance Corp. and Federal Reserve had said in...

Trump's tax announcement is unlikely to provide many details

President Trump promised a "big announcement" this week on one of his signature issues — tax reform. But if you're looking for all the long-awaited details of his promised "massive tax cut" for businesses and individuals, you'll have to wait a while longer. The White House now says that Trump simply...

U.S. and global stocks rally after French election

U.S. stocks joined a worldwide rally Monday morning after election results in France over the weekend raised expectations that the European Union and euro currency will remain intact. A candidate seen as pro-business won the most votes in Sunday's vote, and many investors expect him to win a runoff...

7 reasons short sellers are betting against Tesla

Short sellers are betting against Tesla and Elon Musk. Here's seven reasons why.

Is Wells Fargo's board to blame? Shareholders will weigh in this week

Top corporate bosses who failed to change a flawed system before it went out of control. Mid-level executives who pushed workers too far. Bank regulators who for years were blind to warning signs. Over the past few months, there’s been plenty of blame to go around for the widespread misdeeds of...

California Inc.: It's crunch time for Wells Fargo's board of directors

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. There’s a bit more sunshine in the Golden State now that we know California piled on 19,300...

How a short sale can short-circuit your credit score

Dear Liz: In 2010 I was laid off from my construction management position. I was unable to find work for 28 months. The bank tried to foreclose but I was able to arrange a short sale of my home in March 2012. Shortly after that, my unemployment benefits ran out and I was unable to pay my obligations...

Here's why Chinese money is pouring into Temecula's wine region

David Liu made his first fortune more than two decades ago, exporting American scrap metal to his rapidly industrializing home country of China. After the financial crisis, he scored big again buying thousands of distressed apartments in the United States and selling them later for a tidy profit....

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