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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: Sun, 30 Apr 2017 13:47:41 -0700

Copyright: ©2017 Los Angeles Times

Public energy programs save customers money — at least in the beginning

Sun, 30 Apr 2017 03:00:00 PDT

Southern California Edison customers looking to cure their power-bill pain might find some relief in Los Angeles County’s new government-run energy program — but the track records of similar public energy efforts show that the initial cost advantage doesn’t last.

From California to Massachusetts,...


The confusing balancing act between government pensions and Social Security benefits

Sun, 30 Apr 2017 03:00:00 PDT

Dear Liz: I am a public school teacher and plan to retire with 25 years of service. I had previously worked and paid into Social Security for about 20 years. My spouse has paid into Social Security for over 30 years. Will I be penalized because I have not paid Social Security taxes while I've been...


She started flipping burgers, now she's the boss at Six Flags Magic Mountain

Sun, 30 Apr 2017 03:00:00 PDT

Bonnie Weber went from flipping burgers at the park to running Six Flags Magic Mountain(image)

U.S. airlines are not giving up on Cuba after all

Sat, 29 Apr 2017 09:00:00 PDT

Only weeks after two small U.S. airlines announced plans to cut back service to Cuba, four major carriers have filed applications with the U.S. Department of Transportation to take over the routes to the island nation.

Behind the revolving door of flight plans is an effort by the nation’s biggest...


When a board won't fix a code violation, filing a city complaint is an option

Sat, 29 Apr 2017 08:00:00 PDT

Question: I live in a mixed-use condominium complex in Los Angeles. There is only one subterranean parking garage for the entire building, and over time, serious problems have developed with exhaust fumes. There does not seem to be adequate air flow or proper ventilation in the garage.

My concern...


Customer satisfaction with airlines was on the rise before the latest controversies

Sat, 29 Apr 2017 08:00:00 PDT

A survey of consumer satisfaction levels found that Americans have a slightly higher opinion of U.S.-based airlines this year compared with last year.

Unfortunately for the airlines, that survey of more than 180,000 consumers was completed a few weeks before the latest series of public relations...


Pay for NBCUniversal CEO Steve Burke soars to $46 million, among corporate America's highest

Fri, 28 Apr 2017 16:15:00 PDT

NBCUniversal Chief Executive Steve Burke received $46 million in compensation last year, boosted by $10 million of stock options granted in a new employment agreement.

Burke’s 2016 pay package, a 37% increase over the previous year, makes him one of the highest-paid executives in corporate America.


Stocks slip Friday, but it's still a winning week

Fri, 28 Apr 2017 14:30:00 PDT

U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street.

The Nasdaq composite index narrowly missed its fourth record-high close this week, though all the major indexes still notched weekly gains.

Phone companies, banks and materials stocks were among the...


Banc of California chooses outsider to replace CEO who resigned amid scandal

Fri, 28 Apr 2017 14:30:00 PDT

Banc of California this week named a new chief executive, an outsider who will be tasked with leading the institution as it tries to emerge from a shake-up and scandal that led to the last CEO’s resignation.

Doug Bowers, formerly the chief executive of Square 1 Financial in Durham, N.C., will take...


What we don't know about Trump's tax plan (A lot)

Fri, 28 Apr 2017 13:45:00 PDT

Here's what the Trump administration revealed about its tax plan, and the many details it didn't reveal.(image)

Apple blocks more patent payments to Qualcomm, escalating feud

Fri, 28 Apr 2017 13:40:00 PDT

Qualcomm slashed its financial forecast for the current quarter early Friday, blaming Apple for further withholding patent royalties payments in a fierce legal fight over intellectual property licensing.

The lower revenue and profit outlook — which Qualcomm hinted at last week when it reported...


Economic growth stumbles to worst rate in two years, underscoring Trump's challenge

Fri, 28 Apr 2017 13:35:00 PDT

The economy stumbled at the start of 2017, expanding at its slowest pace in two years in a demonstration of the difficulty President Trump will have in boosting growth to a much stronger sustained level.

Total economic output, also known as gross domestic product, increased at just a 0.7% annual...


With Delta relocation at LAX, airline's CEO hopes to win over more Los Angeles fliers

Fri, 28 Apr 2017 13:00:00 PDT

Delta CEO Edward Bastian says Delta wants to compete by offering better service.(image)

Longshore union is offered a contract extension at ports of Los Angeles and Long Beach

Fri, 28 Apr 2017 12:45:00 PDT

The Pacific Maritime Assn., which represents terminal operators and shipping companies at the ports of Los Angeles and Long Beach, has formally proposed a three-year contract extension to the International Longshore and Warehouse Union.

The current contract expires July 1, 2019.

“PMA can confirm...


SpaceX scrubs morning launch of national security satellite, will try Monday

Sun, 30 Apr 2017 04:20:00 PDT

SpaceX scrubbed a Sunday morning launch of a payload for the National Reconnaissance Office in one of the company’s earliest tests as a national security launch provider.

The launch of the spy satellite, known as NROL-76, was scrubbed at 4:17 a.m. at Pad 39A at Kennedy Space Center in Florida....


As shoppers shift online, so do Southern California jobs

Fri, 28 Apr 2017 11:00:00 PDT

Job losses at closed retail stores are being offset by job gains at online distribution centers(image)

Unicorn Frappuccinos are just the latest food designed with Instagram in mind

Fri, 28 Apr 2017 08:35:00 PDT

The Unicorn Frappuccino, a limited-time-only pink-and-blue sugary swirled behemoth, seemed like it was designed with Instagram in mind. And it almost certainly was.(image)

Historic Fine Arts Building in downtown L.A. sells for premium price of $43 million

Fri, 28 Apr 2017 08:00:00 PDT

The historic Fine Arts Building, a downtown Los Angeles landmark, sold this week for about $43 million in a sign that the financial district is on the upswing in popularity among tenants and investors.

The richly embellished office tower at 811 W. 7th St. was purchased by Santa Barbara investment...


What's on the table in a NAFTA negotiation

Fri, 28 Apr 2017 07:00:00 PDT

To change the trade deal, Trump will square off against Mexico and Canada, and all three sides want different outcomes.(image)

Uber self-driving car exec Anthony Levandowski steps aside during Google stolen technology lawsuit

Fri, 28 Apr 2017 07:00:00 PDT

The executive running Uber's self-driving car division is stepping aside while the company defends itself against charges that he provided the project with technology stolen from a Google spinoff.

Anthony Levandowski, an autonomous vehicle expert who defected from Google last year, notified Uber's...


The leadership lessons in Sheryl Sandberg's new book about resilience and grief

Fri, 28 Apr 2017 05:00:00 PDT

Sheryl Sandberg's long-awaited book is out on what she learned about becoming resilient and coping with grief following the sudden death of her husband in 2015.(image)

Make sure home inspectors play by the rules

Fri, 28 Apr 2017 05:00:00 PDT

Most home buyers and sellers don't think much about what might derail their purchase or sale. But here's a sobering fact: One of every 20 sales contracts blows up along the road to closing. And roughly 1 in 4 runs into an issue that delays the scheduled settlement.

These statistics come from new...


He's covered, he makes his payments and his insurer still drags its feet

Fri, 28 Apr 2017 03:00:00 PDT

Most attention on the healthcare front has been focused on Republicans’ single-minded efforts to eviscerate Obamacare. Largely overlooked has been the frustration Americans with employer-based coverage often face in dealing with tight-fisted insurers.

For the roughly 150 million workers and family...


Federal regulator ratchets up effort to regulate tribal lenders, suing four in California

Thu, 27 Apr 2017 16:20:00 PDT

The Consumer Financial Protection Bureau launched another salvo Thursday in its battle against the tribal lending industry, which has claimed it’s not subject to regulation by the agency.

The federal regulator sued four online lenders affiliated with a Native American tribe in Northern California,...


United Airlines reaches 'amicable' settlement with passenger dragged from a plane

Thu, 27 Apr 2017 16:20:00 PDT

United Airlines has settled with Dr. David Dao over the injuries he received when he was dragged off one of the airline’s planes this month, a dramatic incident that has forced policy changes at United and rival carriers.

Under the terms reached by the airline and Dao, the amount of the settlement...