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L.A. Times - Business

National and international business news. Find stock updates, the latest trends in technology, real estate news and the latest on the economy.

Last Build Date: Sat, 19 Aug 2017 00:45:45 -0700

Copyright: ©2017 Los Angeles Times

More restrictions announced for toxic pesticide

Fri, 18 Aug 2017 15:45:00 PDT

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

Fri, 18 Aug 2017 14:35:00 PDT

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 Sports...


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

Fri, 18 Aug 2017 14:20:00 PDT

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%

Fri, 18 Aug 2017 14:15:00 PDT

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

Fri, 18 Aug 2017 13:40:00 PDT

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

Fri, 18 Aug 2017 12:10:00 PDT

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 it’s...


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

Fri, 18 Aug 2017 11:00:00 PDT

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

A raise erased by higher healthcare costs

Fri, 18 Aug 2017 05:00:00 PDT

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

Fri, 18 Aug 2017 03:00:00 PDT

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 healthcare...


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

Thu, 17 Aug 2017 18:30:00 PDT

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 building...


Cyberattack cost Maersk as much as $300 million and disrupted operations for 2 weeks

Thu, 17 Aug 2017 17:35:00 PDT

A June cyberattack that snarled shipping terminal operations worldwide — and briefly shut down the Port of Los Angeles’ largest cargo terminal — has cost the Danish shipping giant A.P. Moller-Maersk $200 million to $300 million, the company said this week.

The unprecedented attack forced workers...


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

Thu, 17 Aug 2017 16:40:00 PDT

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

Thu, 17 Aug 2017 15:05:00 PDT

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

Thu, 17 Aug 2017 14:45:00 PDT

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'

Thu, 17 Aug 2017 14:25:00 PDT

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

Thu, 17 Aug 2017 14:10:00 PDT

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 the...


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

Thu, 17 Aug 2017 14:05:00 PDT

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

Thu, 17 Aug 2017 11:30:00 PDT

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.(image)

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

Thu, 17 Aug 2017 07:00:00 PDT

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

Thu, 17 Aug 2017 03:00:00 PDT

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...


Corporate America voices its strongest repudiation yet of Trump as councils disband

Wed, 16 Aug 2017 16:20:00 PDT

America’s top business executives may have bristled over President Trump's ban on refugees, his withdrawal from the Paris climate accord and his decision to bar transgender Americans from the military.

But it wasn’t until the embattled president all but defended white supremacists in the aftermath...


One of SeaWorld's oldest killer whales dies

Wed, 16 Aug 2017 14:45:00 PDT

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

Wed, 16 Aug 2017 14:35:00 PDT

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

Wed, 16 Aug 2017 13:30:00 PDT

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 2016,...


Protests against Google are postponed as culture wars roil Silicon Valley

Wed, 16 Aug 2017 11:55:00 PDT

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....