Blog Profile / LA Times: Business


URL :http://www.latimes.com/business/
Filed Under:Business & Finance
Posts on Regator:3236
Posts / Week:43
Archived Since:September 14, 2016

Blog Post Archive

China regulators take control of Anbang Insurance for one year

China’s government is taking over Anbang Insurance Group Co., owner of San Diego’s storied Hotel del Coronado, and will prosecute founder Wu Xiaohui, cementing the downfall of a politically connected deal-maker whose aggressive global expansion came to symbolize the financial overreach of China’s...

Secretive big-data firm Palantir must give internal files to unhappy investor, judge rules

Secretive data-analytics company Palantir Technologies Inc. must turn over internal files to one of its early investors who accuses the firm of improperly blocking his efforts to sell his shares. Marc Abramowitz, a managing member of KT4 Partners LLC, properly sought the confidential information...

Southern California employers increasingly find their expansion plans crimped by high housing costs

Ace Clearwater Enterprises needs to hire four welders. The South Bay aerospace company could also use three more machinists, as well as four specialists who use 7-ton drop hammers to form metal parts for fighter jets. But filling those positions is tough. Many young Californians are going to college,...

The future of electric vehicles relies on a metal that is often mined by children and is soaring in price

The road to an imminent electric vehicle future has hit a speed bump — one made of cobalt. An essential ingredient in lithium-ion batteries that power millions of smartphones as well as plug-in electric cars, cobalt is in heavy demand. But just as the silverish-gray metal has established itself...

Investment firm TCW, top executive deny sexual harassment allegations by former fund manager

Los Angeles-based investment firm TCW and one of its top executives have denied allegations of sexual harassment and coercion made in a recent lawsuit filed by a former fund manager. Last month, Sara Tirschwell sued TCW and managing director Jess Ravich, accusing Ravich of using his position to...

Ford's North America chief exits after company investigation finds 'inappropriate behavior'

Ford Motor Co.’s head of North American operations is leaving the automaker immediately following an investigation into reports of “inappropriate behavior.” An internal probe by the U.S. automaker found that Raj Nair, an executive vice president, engaged in behavior that “was inconsistent with...

Some Fed officials raised concerns about higher inflation as tax cuts took effect

Some Federal Reserve policymakers raised concerns last month about the potential for higher inflation and financial instability because of stronger economic growth triggered by the recently enacted tax cuts, according to an account of the meeting released on Wednesday. Early signs that the effects...

Rule letting U.S. dismantle giant banks in crisis should stay, Treasury Department advises

U.S. bank watchdogs should retain the ability to dismantle massive, complex financial firms after a collapse, but they should ensure the power is reserved “as an emergency tool for use under only extraordinary circumstances,” the Treasury Department said in a report released Wednesday. The Trump...

Bank loans signed in the hospital leave patients vulnerable

Laura Cameron, three months pregnant, tripped and fell in a parking lot and landed in the emergency room in May. She was flat on her back — scared, in pain and attached to a saline drip — when a hospital representative came by to discuss how she would pay her bill. Although both Cameron and her...

Stocks rise, led by retailers and tech

U.S. stocks moved higher in early trading Wednesday, recouping some of the market's Tuesday losses. Technology stocks accounted for much of the gain. Banks and retailers also rose. Energy stocks lagged as crude oil prices headed down. Investors had their eye on the latest company earnings. KEEPING...

Applebee's and IHOP's new recipe for success: technology, takeout and takeovers

With free birthday breakfast meals and all-you-can-eat riblets, t????he IHOP and Applebee’s restaurant chains became a traditional stop for millions of American families seeking a feast. But casual dining restaurants began to lose their appeal for millennial-generation foodies, and in 2016, Applebee’s...

Get ready for the era of hypersonic flight — at five times the speed of sound

The sleek aircraft, really more rocket than plane, dropped from the wing of a B-52 before shooting through the sky above Point Mugu Sea Range off the California coast, leaving a long, white contrail in its wake. The unmanned X-51A hit Mach 4.8, almost five times the speed of sound, with help from...

Agriculture Secretary Sonny Perdue gets grounded in California

“You might already know this …,” Central Valley farmer Sarah Woolf offered politely, before launching on a primer on California’s convoluted water system. “No, I don’t,” Sonny Perdue, Trump’s secretary of Agriculture, interrupted. “I need all the education I can get.” Nervous laughter filled the...

Surgeon offers free weight-loss operation for 500-pound man rejected by insurer

My column last week on a nearly 500-pound Norwalk man whose health insurer won’t cover doctor-ordered weight-loss surgery stirred quite a response from readers. Many sympathized with 53-year-old Shawn Alvarado’s situation, acknowledging that, in his case, a gastric bypass operation couldn’t be...

Paul Marciano giving up daily duties at Guess following sexual harassment accusations

Guess Inc. Chairman Paul Marciano is relinquishing his day-to-day duties at the company in the wake of sexual harassment accusations by model Kate Upton and other women. The board and Marciano agreed that he should step away from the business — without drawing a salary — until the completion of...

Inflation-stricken Venezuela launches a digital currency, the petro

Venezuela on Tuesday is becoming the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy. Officials say the so-called petro is backed by Venezuela's crude oil reserves, the largest in the world. Socialist President...

Stocks are mostly lower as markets reopen after holiday weekend

U.S. stocks were mostly lower in the early going Tuesday as trading reopened after a long holiday weekend. Disappointing earnings from Walmart weighed on the market, which was coming off a six-day winning streak. Losses in consumer-focused stocks and other sectors outweighed gains in energy companies...

Grocery retailer Albertsons to buy drugstore chain Rite Aid

The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share...

More companies invest in training to prevent sexual harassment — but it might not be doing much good

The recent high-profile reports of sexual harassment in the workplace have prompted a surge in training courses, which experts are updating to reflect the latest examples making front-page news. Inquiries about sexual harassment training provided by TrainUp have skyrocketed, said Jeremy Tillman,...

Under Trump, consumer agency promises to do the bare minimum, and nothing more

Let’s say there was a federal agency charged solely with protecting consumers from financial abuse. And let’s say that agency was so good at its job, it succeeded in returning $12 billion to consumers who had been ripped off by greedy banks and lenders. How would you reward that agency? If you’re...

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