Los Angeles Times : Business (62)

Watch out for shady companies promising to help you repay student loans

Dear Liz: I'm 32 and have a little over $100,000 in student debt from undergraduate and graduate school. I'm trying to get my professional life on track, and I can't figure out how to pay the loans off. Everything I see online seems shady. What are the questions I need to be asking myself? ...

China to limit overseas investments in real estate, sports

China's government is moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released Friday by the State Council, China's Cabinet, was the latest...

The average American saves less than 5%, so how are you doing?

The average American saves less than 5% of his or her disposable income. Many financial advisors say that isn't enough to ensure a comfortable retirement.

Don't have a ticket to 'Hamilton' yet? It's going to cost you

Hamilton' holds the title of most expensive show ever at Pantages, and that's for the authorized tickets sold directly through the theater and Ticketmaster.But those tickets are long gone, having sold out shortly after they went on sale in April.All that's left are resale tickets sold through...

Southwest Airlines still has the power to lower fares of competitors, study says

When Southwest Airlines was still an upstart in the 1990s, a federal study found that the low fares offered by the Dallas-based carrier forced its competitors to slash prices in those markets the airline entered. It was called the Southwest Effect. Although the airline is now the third-busiest...

There are established safeguards that can help ensure a board election is fair

Question: We are about to have another board election at our homeowner association, and I am concerned about tales I hear about rigged elections at other associations. The gist of these stories is that a corrupt manager colludes with complicit board members to control elections and dissuade ...

More restrictions announced for toxic pesticide

California moved a step closer Friday to banning a widely used agricultural pesticide linked to birth defects, openly departing from the Trump administration's decision to walk back an Obama-era effort to ban the chemical. Growers and other users will be asked to increase the buffer zone between...

Stocks fall further to end a rough week

U.S. stocks slumped in the final minutes of trading Friday and ended a rough week with more losses. Bad news from sporting goods retailers weighed on the market. On Thursday, stocks took their biggest loss in three months. On Friday, they opened lower after retailers Foot Locker and Hibbett ...

How long can the stock market ignore the troubles in Washington?

A CEO mutiny against President Trump. An escalating nuclear threat with North Korea. Uncertainty about healthcare reform. The departure of top Trump strategist Steve Bannon.So far the mounting turmoil has not rattled Wall Street to a significant degree, with the stock market still hovering near...

California adds 82,600 jobs in July; unemployment rate ticks up to 4.8%

July was California employers' biggest month of hiring in more than a year as the state continued its steady economic growth, although unemployment also ticked up, according to data released Friday by the state's Employment Development Department. California's net gain of 82,600 jobs accounted...

All 17 on White House arts and humanities panel quit, following business CEOs out the door

All 17 members of the White House advisory commission on the arts and humanities, including several from Hollywood, resigned en masse Friday to protest President Trump's divisive comments on the deadly violence in Charlottesville, Va. The move follows the disbanding of two CEO councils created...

Eclipse prompts California power grid changes when solar energy supply dips

Although the moon will push in front of the sun and darken the skies on Monday, California's solar-heavy electricity grid isn't expected to run short on energy to power homes, businesses and industry.The manager of the state's electricity grid, the California Independent System Operator, said ...

From intern to CEO, 30 years later Wendy Rogers reaches the top at Irvine architecture firm

Wendy Rogers started at LPA Inc. as an intern. Now she's the chief executive officer.

Stocks start lower; Foot Locker and Deere dive

Stocks are opening with small losses as a steep slump for farm equipment maker Deere hurts industrial companies. Deere fell 7.2% Friday after its third-quarter sales came up short of Wall Street estimates. Banks fell as bond yields continued to decline. Lincoln National lost 1%. Athletic gear ...

A raise erased by higher healthcare costs

Question: After my husband receives his annual review and cost-of-living raise, he will be in a new pay bracket. When this happens, the cost of his health insurance will increase as well -- way beyond the raise he would receive -- so he will be bringing home significantly less in his paycheck....

It shouldn't take generous strangers to help patients cope with drug prices

The inherent goodness of people was made clear this week when a pair of readers offered to pay for a 75-year-old Encino man's prescription meds after the drug maker imposed a $1,100 deductible to be eligible for financial assistance. Meanwhile, the warped priorities of our for-profit ...

Power grid operator offers alternatives to natural gas plant but at higher cost

The manager of California's electric grid told state regulators that clean energy could be substituted for a proposed natural gas plant in Ventura County but at a higher cost. A 46-page report issued late Wednesday by the California Independent System Operator offered three alternatives to ...

Can white supremacist groups be blocked from raising money online? There's a campaign to try

For years, Richard Spencer's white nationalist think tank, the National Policy Institute, was able to accept donations online through its PayPal account and through credit card payments processed by San Francisco start-up Stripe. And those online channels accounted for the vast majority of NPI's...

Noise curfew rules proposed at Long Beach Airport could mean trouble for JetBlue

JetBlue Airways, the busiest carrier at Long Beach Airport, has violated the city's noise curfew so often this year that if a proposed noise crackdown is adopted, the New York-based carrier could face being shut out of the airport. Violations of the city's noise curfew have increased so much in...

Orange County employee pension fund alleges big banks are costing retirees money

Three major public pension funds, including the Orange County Employees Retirement System, have sued a half-dozen Wall Street banks, alleging they illegally conspired to control a corner of the stock market, leading to higher charges for the funds and thus less money for retirees. In a lawsuit...

It's years away, but 70-story downtown tower could change L.A. skyline and 'relationship with vertical living'

A skyscraper that would be the tallest residential building in California has been proposed for downtown Los Angeles as the neighborhood's housing boom rolls on. Crescent Heights, a Miami-based developer, submitted a proposal to the city Planning Department this week to build a 70-story apartment...

EpiPen maker settles: It'll pay less than what it got by allegedly overcharging

EpiPen maker Mylan has finalized a $465-million government agreement settling allegations it overbilled Medicaid for its emergency allergy injectors for a decade — charges brought after rival Sanofi filed a whistleblower lawsuit and tipped off the government. It's the second settlement with ...

Stocks tumble. It's their worst day in 3 months

U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. Banks dropped as bond yields and interest rates sank for a second day. It was the second-worst day for stocks this year, which has seen few large declines....

How to get a star on the Hollywood Walk of Fame? Talent — and cash

Anyone can nominate a celebrity for inclusion on the Walk of Fame. Then it's up to the Hollywood Chamber of Commerce, which oversees the starry honors, to decide who gets to join the club.

Breast-feeding while working as a politics editor is hard. Here's how I survived the last seven months

I had no idea how difficult it would be to breast-feed my newborn son. As a first-time mom, nursing was so hard I started taking notes on my iPhone for a story I wanted to write about how none of the products marketed to make the practice easier were actually practical. It would be a screed on...

Wal-Mart is buying trendy e-commerce sites. The cool kids are not having it

At the height of their love affair, Bridget Henry visited online clothing store ModCloth's app every day. It wasn't just the clothes with a vintage and quirky vibe that the 26-year-old liked, it was the story. Founded by high school sweethearts in a college dorm room, the San Francisco company...

Stocks open slightly lower on Wall Street

Stocks are opening slightly lower on Wall Street, led by declines in technology companies, retailers and banks.Victoria's Secret owner L Brands plunged 5.8% in early trading Thursday after cutting its full-year earnings forecast.Network equipment maker Cisco Systems sank 3.1% after issuing a ...

As Wal-Mart snaps up trendy e-commerce sites, it risks alienating the cool kids

At the height of their love affair, Bridget Henry visited online clothing store ModCloth's app every day. It wasn't just the clothes with a vintage and quirky vibe that the 26-year-old liked, it was the story. Founded by high school sweethearts in a college dorm room, the San Francisco company...

As Wal-Mart snaps up trendy e-commerce sites, it risks alienating the cool kids

At the height of their love affair, Bridget Henry visited online clothing store ModCloth's app every day. It wasn't just the clothes with a vintage and quirky vibe that the 26-year-old liked, it was the story.Founded by high school sweethearts in a college dorm room, the San Francisco company had...

One of SeaWorld's oldest killer whales dies

Kasatka, a 42-year-old killer whale that SeaWorld calls the matriarch of its orca family, died Tuesday night, marking the second orca death in a month at the marine parks.The orca's passing at SeaWorld San Diego followed years-long treatment for lung disease. In recent days, Kasatka's health and...

Stocks eke out gain after retailers post stronger-than-expected earnings

U.S. stocks rose slightly Wednesday as Urban Outfitters and Target helped retailers rally. That was enough to overcome losses by energy companies and market turbulence stirred up by the controversy over President Trump's manufacturing council. Urban Outfitters and Target did better in the second...

Beverly Hills developer accused of defrauding investors will pay millions to settle case with SEC

Jay Belson, a developer of extravagant mansions in the Los Angeles area, has reached a settlement with the U.S. Securities and Exchange Commission over allegations he defrauded investors of more than $2 million. In a court filing last week, the SEC alleged that between January 2011 and June ...

Protests against Google are postponed as culture wars roil Silicon Valley

Conservative protesters scuttled plans to gather outside Google's offices this weekend, putting on hold an effort to take America's culture wars directly to Silicon Valley. The region was long insulated from political rancor, but now has become one of the most important ideological battlegrounds....

Fed minutes show split on timing of asset reduction

Several Federal Reserve monetary policymakers wanted to announce last month exactly when they would start reducing the central bank's trillions of dollars in assets, but most preferred to wait to see how the economy and financial markets were doing over the summer, according to an account of the...

Wells Fargo chairman, two directors to step down amid continuing fallout from sham accounts scandal

Stephen Sanger, the chairman of Wells Fargo & Co., will step down from the board of the embattled bank effective Jan. 1 and will be replaced by former Federal Reserve official Elizabeth A. Betsy' Duke, the bank announced Tuesday. Two other long-serving directors, Cynthia H. Milligan and Susan...

Protests against Google are postponed as culture wars roil Silicon Valley

Plans to protest outside Google's offices this weekend have been postponed, but conservatives are taking America's culture wars directly to Silicon Valley, a place that was long insulated from political rancor but is now one of the most important ideological battlegrounds. Organizers postponed...

USC's massive campus addition features student housing — and Trader Joe's and Target open to the community

USC Village, the largest development in the school's history, officially opens Thursday as the university strives to house more students on campus — and broaden its connection to its South Los Angeles neighborhood. The $700-million project spans 15 acres, has beds for 2,500 undergraduates and ...

Wells Fargo chairman, two directors to step down amid continuing fallout from sham accounts scandal

Stephen Sanger, the chairman of Wells Fargo & Co., will step down from the board of the embattled bank effective Jan. 1 and will be replaced by former Federal Reserve official Elizabeth A. Betsy' Duke, the bank announced Tuesday.Two other long-serving directors, Cynthia H. Milligan and Susan G....

Will a trade fight with Asia sabotage the U.S. solar industry? That may be up to Trump

President Trump's most useful ally in his push to restore the dominance of coal, oil and gas in America could ultimately turn out to be a pair of bankrupt solar firms seeking help from the federal government getting back on their feet. In an unorthodox trade case roiling the solar industry ...

Most of the Queen Mary Island plans are complete. Here's how it'll look

The latest renderings of the Queen Mary Island entertainment complex show a 65-acre site packed from the surrounding streets to the water's edge with stores, restaurants, sports venues and entertainment facilities. Urban Commons, the real estate firm developing the $250-million project, said ...

Retailers stumble, but stock indexes barely move

U.S. stock indexes finished Tuesday near where they started. Technology companies and household goods makers rose, but weak reports from sporting goods and auto parts retailers left a lot of smaller companies with steep losses.Dick's Sporting Goods and Advance Auto Parts both disclosed ...

Who pays for San Onofre nuclear plant's early closure? Negotiations fall apart

The best efforts of a high-profile mediator and months of closed-door negotiations have failed to secure an agreement in the multibillion-dollar dispute over paying for the premature closure of the San Onofre nuclear plant.Lawyers representing all sides in the long-running investigation told the...

Trump rips CEOs ditching his manufacturing council as 'grandstanders' who make their products abroad

President Trump on Tuesday ripped three top corporate chief executives who resigned from his manufacturing council in protest of his handling of the Charlottesville, Va., violence, calling them "grandstanders' and saying they were embarrassed because they made their products abroad. Trump's ...

Deficit would jump, premiums would rise if Trump ends Obamacare subsidies, Congressional Budget Office says

If Trump pushes 'buy American' in NAFTA talks, he may get more than he bargained for

President Trump's buy American' mantra has particular appeal among his blue-collar base and others who support giving preference to U.S. companies when it comes to federal government purchases. But as Trump's team opens talks Wednesday aimed at rewriting the North American Free Trade Agreement,...

'Walking Dead' producers sue AMC, saying they weren't paid enough

Four executive producers of the hit cable series The Walking Dead' are suing AMC, alleging they were not paid their fair share of the show's profits. In a complaint filed Monday in Los Angeles County Superior Court, plaintiffs Robert Kirkman, Glen Mazzara, David Alpert, Gale Anne Hurd and their...

CEOs of Intel, Merck and Under Armour quit Trump advisory panel over Charlottesville controversy

The chief executive of pharmaceutical giant Merck & Co. publicly resigned from a White House manufacturing council on Monday, declaring he felt a responsibility to take a stand against intolerance and extremism.' The move by Kenneth Frazier, one of corporate America's leading African American...

Stocks open slightly higher, led by banks and tech firms

Stocks are opening modestly higher on Wall Street, led again by gains in banks and technology companies.JPMorgan Chase rose 1% in the first few minutes of trading Tuesday, and Advanced Micro Devices jumped 1.8%.Streaming music service Pandora rose 4.6% after naming a new chief executive. Roger...

Warning to avocado lovers: a California shortfall may send prices soaring

Avocados could soon be fetching a lot more green. A shortfall in production in California, the leading U.S. avocado grower, has kicked up wholesale prices in recent weeks — which means you may soon be paying more for fresh guacamole and avocado toast. A wholesale box of 60 avocados currently ...

Warning to avocado lovers: a California shortfall may send prices soaring even higher

Avocados could soon be fetching a lot more green. A shortfall in production in California, the leading U.S. avocado grower, has kicked up wholesale prices in recent weeks — which means you may soon be paying more for fresh guacamole and avocado toast. A wholesale box of 60 avocados currently ...