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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: Tue, 24 Jan 2017 13:14:00 -0800

Copyright: ©2017 Los Angeles Times

California fails to inspect several dozen hospitals with high infection rates

Tue, 24 Jan 2017 06:00:00 PST

Scores of California hospitals with high rates of patient infections have not been inspected within the last five years, according to a petition filed Monday by Consumers Union.

California law requires hospitals to be inspected every three years, but the state has fallen so far behind that the...


Judge leans toward maximum sentence for PG&E's pipeline blast

Mon, 23 Jan 2017 19:05:00 PST

A federal judge says he is inclined to fine Pacific Gas & Electric Co. the maximum $3 million as well as require the utility to mention its criminal convictions in ads and conduct community service as part of its sentence in a criminal case stemming from a deadly natural gas explosion in the San...


SEC investigating Banc of California, CEO resigns

Mon, 23 Jan 2017 17:20:00 PST

Steven Sugarman, who built Banc of California into a prominent regional lender, resigned as chief executive and chairman Monday — the same day the Irvine bank announced it is under investigation by the Securities and Exchange Commission.

The bank offered no explanation for Sugarman’s resignation,...


Four reasons why Hollywood supported the Trans-Pacific Partnership

Mon, 23 Jan 2017 13:05:00 PST

Hollywood had been backing the Trans-Pacific Partnership trade pact, which President Trump formally withdrew from Monday. The president’s action was not a surprise: Trump railed against trade deals throughout his campaign, blaming them for an exodus of jobs from the U.S.

Twelve nations had signed...


Tidal announces partnership with Sprint

Mon, 23 Jan 2017 09:45:00 PST

Jay Z’s artist-owned streaming service, Tidal, and Sprint announced a new partnership on Monday that will give the company’s 45 million customers unlimited access to Tidal, including exclusive content.

In the deal, the telecommunications company acquired a 33% stake in Tidal; Sprint CEO Marcelo...


New FCC boss doesn't look great for consumers: 'Seems like prices go up every time you deregulate'

Mon, 23 Jan 2017 16:15:00 PST

Park La Brea resident Lydia Plona’s pay-TV bill has soared by 60% since Charter Communications took over Time Warner Cable, and she figures there’s little she can do to keep it from climbing even more.

President Trump’s pick to run the Federal Communications Commission makes that prospect even...


Trump makes his priorities clearer, and deportation of young immigrants has fallen off the list

Mon, 23 Jan 2017 17:00:00 PST

President Trump signaled Monday through a flurry of directives and pronouncements that he will put a priority on remaking U.S. trade and tax policy, even as he quietly backed away from a pledge to end protections for nearly 750,000 immigrants brought to the U.S. illegally as children.

The moves...


Judge blocks Aetna-Humana health insurance merger on antitrust grounds

Mon, 23 Jan 2017 14:00:00 PST

The proposed $34-billion merger of Aetna Inc. and Humana Inc. to form one of the nation’s largest health insurers was blocked Monday by a federal judge on antitrust grounds.

The ruling by U.S. District Judge John Bates in the District of Columbia was a victory for the Justice Department, which...


Lawsuit accuses Trump of violating the Constitution with foreign payments to his businesses

Mon, 23 Jan 2017 08:18:00 PST

Trump signs memorandums to reopen Keystone XL, Dakota pipeline negotiations Jan. 24, 2017, 12:40 p.m. This is our look at President Trump's administration and the rest of Washington: New actions could open path for Keystone, Dakota pipelines White House say it is working to restore Spanish language...(image)

Stocks close slightly lower; oil prices slide

Mon, 23 Jan 2017 14:25:00 PST

Energy companies led U.S. stock indexes slightly lower Monday as the price of crude oil fell.

Real estate, phone companies and other high-dividend stocks did better than the rest of the market as bond yields headed lower, making those sectors more appealing to investors who are seeking income.


United Airlines resumes U.S. flights after computer problem grounded planes

Mon, 23 Jan 2017 03:45:00 PST

United Airlines said Monday that six flights were canceled and 200 more were delayed because of a computer problem that forced a 2 1/2-hour ground stop for all domestic flights Sunday.

Company spokeswoman Maddie King calls the glitch an "IT issue."

The airline said it would waive flight-change...


Trump's team suspended a mortgage insurance rate cut. Here's what that means

Mon, 23 Jan 2017 03:00:00 PST

On Friday, the Trump administration suspended a pending rate cut to FHA mortgage insurance that the outgoing Obama administration announced just a week earlier. 

The decision to indefinitely suspend the planned cut was one of the new administration’s first acts. As a result, a decision over insurance...


California Inc.: Looking for a tech job? L.A. is the place to be

Mon, 23 Jan 2017 03:00:00 PST

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.

California ended the year adding just 3,700 jobs in December, according to a jobs report...


Don't expect an attorney to provide cut-rate legal services in HOA disputes

Sun, 22 Jan 2017 03:00:00 PST

Question: I’m in settlement talks with my homeowner association over a complicated problem that we finally resolved during a long internal-dispute-resolution meeting. I want to include two concerns in our agreement, so the association told me to write the clauses and return the final draft. But...


Taking a look at the confusing world of credit scores

Sun, 22 Jan 2017 03:00:00 PST

Dear Liz: I was recently denied a credit card and told my score was 150 points lower than what my credit reports show. Why would this be? Am I being deceived by the credit reporting agencies? It was such a low number that it’s a little hard to believe since I have been approved for other cards...


Delta Air Lines calls for diversity training following onboard incidents

Sat, 21 Jan 2017 10:00:00 PST

In the wake of two embarrassing on-board incidents, Delta Air Lines is expediting diversity training for all of its flight attendants and customer service workers in the terminals.

The training was mandated for all executives last year and was planned to be eventually expanded to flight attendants...


LAX's Wi-Fi and cellphone speeds are among the slowest in the nation, study finds

Sat, 21 Jan 2017 09:00:00 PST

Anyone who has been stuck waiting for a flight at Los Angeles International Airport knows that connecting to the Internet can make a long delay somewhat tolerable.

But a new study released last week found that wireless and cellular speeds at LAX are among the slowest of any major airport in the...


Obama's last airline regulation proposal: Disclose bag fees at all points of sale

Sat, 21 Jan 2017 07:00:00 PST

The Department of Transportation under the Obama administration adopted an unprecedented number of airline passenger protections, including a rule that fines carriers for leaving fliers stranded on an airport tarmac for more than three hours.

In the final week of the Obama administration, the federal...


5 financial goals to set in 2017

Sat, 21 Jan 2017 06:00:00 PST

The beginning of the new year is the perfect time to reflect on the past and look forward to the future.

Here are five financial goals to consider setting in 2017. Pick a few or pick them all. Either way, you’ll be on the path to a better financial picture this time next year.

Set a budget



As Trump pushes for U.S. manufacturing, 'Made in America' is losing its luster in the fashion world

Sat, 21 Jan 2017 03:00:00 PST

Buyers from all over the world flock to Gitman Bros. to get a piece of timeless American style: oxford shirts, plaids and rep ties often cut slightly slimmer to appeal to the trendy and urbane.

But when the company’s president, Chris Olberding, attended the venerable menswear trade show Pitti Uomo in...


A landlord can't ban certain visitors because of race

Sat, 21 Jan 2017 03:00:00 PST

Question: I am white, but I have a stepbrother who is black and we are very close. I recently moved into an apartment in a small building, and my landlord lives in the apartment across from mine. 

Everything was fine, but two weeks ago I had my brother over for dinner and my landlord saw him outside...


How to find a good tax preparer (and write off the bad ones)

Sat, 21 Jan 2017 03:00:00 PST

Tax preparers do a big chunk of America's tax returns, but if you're nervous about handing confidential information to someone in a largely unregulated field, you're not alone. Here are some tips to help you find a good one.

Be choosy

Asking friends, family or colleagues for recommendations can...


American Apparel rapidly grew its retail footprint. Did that strategy contribute to its collapse?

Sat, 21 Jan 2017 03:00:00 PST

American Apparel opened its first stores in 2003, with locations in Echo Park, New York and Montreal. Within three years, it had mushroomed into a global chain with more than 140 locations in 11 countries. By 2009, that figure had doubled to 281 stores.

It was, founder Dov Charney once boasted,...


HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office

Fri, 20 Jan 2017 16:30:00 PST

An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit.

The move by the Department of Housing and Urban...


Stock market steadies as Trump gets down to business

Fri, 20 Jan 2017 15:55:00 PST

When Donald Trump took the presidential oath Friday, the stock market was trading modestly higher with the Dow Jones industrial average up 97 points.

Prices then moved in choppy fashion as traders kept glancing at televised views of Trump’s inauguration in Washington.

“It certainly was an all-eyes-on...