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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: Thu, 23 Nov 2017 04:20:44 -0800

Copyright: ©2017 Los Angeles Times
 



LAX is tops for flight delays during the Thanksgiving holiday

Wed, 22 Nov 2017 14:45:00 PST

Los Angeles International Airport, the nation’s second busiest airport, is expected to be No. 1 in an unfortunate category: the percentage of delayed flights during the long Thanksgiving travel crush.

A study by Flightaware.com, a flight tracking website, concluded that LAX outranked all other...

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Stocks slip ahead of Thanksgiving break

Wed, 22 Nov 2017 14:35:00 PST

Stocks mostly slipped away from their latest record highs Wednesday as the two former halves of Hewlett-Packard both tumbled, while falling interest rates helped phone companies but hurt banks.

The price of oil jumped on reports OPEC and a group of other countries might extend the cuts in production...

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Here are the five officials who will decide the controversial changes to net neutrality rules

Wed, 22 Nov 2017 13:20:00 PST

The head of the FCC on Wednesday released his detailed proposal to repeal net neutrality rules for online traffic, setting the stage for a vote next month. Here are the five commissioners who will decide the latest round of that battle at the FCC's Dec. 14 meeting.(image)



California's ski season starts with good snowfall and higher lift prices

Wed, 22 Nov 2017 12:35:00 PST

The snow is falling but lift ticket prices are rising at many California ski resorts.

November storms have already dumped heaps of snow in the Sierra Nevada mountains, including around Lake Tahoe, allowing a few resorts to open.

But enjoying that snow will cost winter sports enthusiasts more.

The...

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Fed discussions signal another interest rate hike is possible this year despite low inflation

Wed, 22 Nov 2017 12:15:00 PST

Federal Reserve officials generally believe that it'll soon be time for another increase in the Fed's key interest rate. However, a few felt any further rate hikes should be delayed until they see inflation moving higher, minutes of their last meeting revealed.

Minutes of the Fed's Oct. 31-Nov....

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Trump administration, in a gift to telecom firms, is pulling the plug on net neutrality

Wed, 22 Nov 2017 10:15:00 PST

Black Friday is still a couple of days away, but the Trump administration already has handed out gifts to the telecom industry.

The Republican-controlled Federal Communications Commission on Wednesday took the wraps off its rollback of net neutrality rules, which it will finalize next month and...

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Amazon goes brick-and-mortar for the holidays — and other retail trends

Wed, 22 Nov 2017 08:30:00 PST

Amazon goes into the holiday season with a newly magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets.(image)



Your Thanksgiving dinner is cheaper this year. Here's why

Wed, 22 Nov 2017 08:30:00 PST

The cost of the Thanksgiving meal has gone down. Turkey's cheap, and so are some other key ingredients for your holiday dinner.(image)



Possible return of a troubled healthcare model has California officials worried

Wed, 22 Nov 2017 07:00:00 PST

Just a few decades ago, small businesses in California often banded together to buy health insurance on the premise that a bigger pool of enrollees would get them a better deal.

California’s dairy farmers did it; so did car dealers and accountants.

But after a string of these “association health...

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Applications for U.S. unemployment benefits drop 13,000

Wed, 22 Nov 2017 06:40:00 PST

The number of Americans filing applications for unemployment benefits fell for the first time in three weeks, pushing total applications down to a low 239,000, further evidence of the strength of the labor market.

The NUMBERS: Applications dropped by 13,000 last week after rising by 13,000 the...

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Win Black Friday with these shopping hacks

Wed, 22 Nov 2017 05:00:00 PST

Use these hacks to guarantee yourself the Black Friday deals you want, whether you decide to shop from your couch or at the store.(image)



Hackers stole the personal data of 57 million Uber passengers and drivers

Tue, 21 Nov 2017 17:25:00 PST

Uber Technologies Inc. admitted Tuesday that hackers stole personal data belonging to 57 million customers and drivers — a fact it concealed for more than a year.

The attack, which took place in October 2016, resulted in the worldwide theft of names, email addresses and phone numbers belonging...

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U.S. faces tough battle proving AT&T would use Time Warner to squeeze competition

Tue, 21 Nov 2017 17:15:00 PST

Nearly 70 years ago, a landmark antitrust lawsuit changed how Hollywood did business. That case — United States vs. Paramount Pictures — banned major movie studios from owning cinema chains because that gave them too much power.

Now, the U.S. Department of Justice has sued AT&T in an attempt to...

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Embattled former PUC chief Peevey resurfaces with a green energy book

Tue, 21 Nov 2017 15:00:00 PST

Former California Public Utilities Commission President Michael Peevey talks about his new green energy book, his first public statement since the state began investigating whether he improperly influenced what consumers would pay for the San Onofre nuclear power plant shutdown.(image)



Technology and healthcare stocks power market to new highs

Tue, 21 Nov 2017 14:25:00 PST

The market's biggest winners this year, technology and healthcare, powered U.S. stock indexes to more all-time highs Tuesday.

Huge technology companies like Apple and Facebook continued their ascent, while strong reports from companies including medical device maker Medtronic and construction and...

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Net neutrality rules targeted for repeal by FCC chairman

Tue, 21 Nov 2017 13:00:00 PST

The days are officially numbered for tough federal net neutrality regulations.

The chairman of the Federal Communications Commission on Tuesday proposed repealing the rules for online traffic, setting the stage for a vote next month to roll back the controversial Obama-era initiative.

The move...

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Rock 'n' roll and slot machines replace bingo at the San Manuel Casino

Tue, 21 Nov 2017 11:55:00 PST

The San Manuel Casino has traded in its bingo cards for something more electric.

Bingo, once the primary revenue source for the San Manuel Band of Mission Indians in San Bernardino County, has been phased out at the casino, near Highland. What had been the nation’s second-largest bingo hall is...

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Americans are feeling richer these days, but they won't necessarily be spending more on gifts

Tue, 21 Nov 2017 11:50:00 PST

Will shoppers really spend more this holiday season than they did last year? It depends on whom you ask.

By most measures, Americans are feeling good about the economy. A monthly gauge of consumer confidence is at a 17-year high. The unemployment rate is at a 17-year low. The stock market continues...

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DreamWorks' Glendale campus sold to South Korean investors for $290 million

Tue, 21 Nov 2017 10:20:00 PST

DreamWorks Animation’s luxurious Tuscany-style campus in Glendale has sold for $290 million to a partnership led by South Korean investors.

The animation company, acquired last year by Comcast Corp.’s NBCUniversal for $3.8 billion, will continue to occupy the 15-acre property dotted with oaks,...

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#shopsmall at these local businesses during Small Business Saturday on Nov. 25

Tue, 21 Nov 2017 10:00:00 PST

Shop small and support the community at the annual Small Business Saturday(image)



Best-laid plans to give chickens room to run are shelved with USDA organics rule

Tue, 21 Nov 2017 07:00:00 PST

Strolling through a flock of free-roaming rust-colored hens, Christopher Nichols admits that no one truly knows whether his chickens are happier because they can strut around and wander outside.

But consumers are happier, and that matters a lot to the third-generation egg farmer and a slew of other...

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California shows its Obamacare support by outspending U.S. 4-to-1 on ads

Tue, 21 Nov 2017 07:00:00 PST

The marketing blitz is on.

Californians are getting barraged with online pop-up ads, radio spots and television commercials, all aimed at persuading them to sign up for Affordable Care Act health plans during this year’s open-enrollment season.

Covered California, the state’s Obamacare exchange,...

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Ikea relaunches dresser recall after death of eighth child

Tue, 21 Nov 2017 07:00:00 PST

Ikea relaunched a recall of 29 million chests and dressers Tuesday after the death of an eighth child.

Chief Executive Lars Petersson said Ikea wants to increase awareness of the recall campaign for several types of chest and dressers that can easily tip over if not properly anchored to a wall.

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Trump likely to pick ex-lawmaker (and restaurant franchisee) to head consumer agency

Tue, 21 Nov 2017 03:00:00 PST

President Trump is widely expected to name Mick Mulvaney, who currently serves as head of the White House Office of Management and Budget, as interim director of the Consumer Financial Protection Bureau.

If so, Trump would be picking someone with no background whatsoever in consumer protection,...

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Marvell Technology is buying chip maker Cavium in a $6-billion deal

Mon, 20 Nov 2017 17:00:00 PST

Marvell Technology has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry.

The potential deal extends a long-running consolidation for computer chip producers that are trying to grow so that they can better...

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