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| November 13, 2018

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Anaheim’s ‘living wage’ initiative is expected to pass. A business advocate calls it a ‘tragic outcome’

November 13, 2018 |

Anaheim voters appear to have approved a ballot initiative that requires some hospitality businesses to pay workers at least $ 15 an hour, with 51.5% of ballots counted as of Monday cast in favor of the measure.

The Orange County Registrar of Voters warned, however, that more than 302,000 ballots…

L.A. Times – Business

Snap’s content chief is leaving as executive shakeup continues

November 12, 2018 |

Snap Inc. is losing another high-ranking executive: Its vice president of content, Nick Bell, is on his way out the door.

Bell’s exit plan — announced in an email sent to employees Monday — comes just weeks after the Santa Monica company hired former Huffington Post Chief Executive Jared Grusd

L.A. Times – Business

Stocks fall sharply as tech firms drop; oil prices rise

November 12, 2018 |

A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking off more than 450 points from the Dow Jones industrial average. Apple, Amazon and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. Crude…

L.A. Times – Business

California Inc.: Hollywood hopes Potter-less Harry Potter can still work magic

November 12, 2018 |

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.

We got a peek the other day at the much-anticipated Disney streaming service, dubbed Disney+,…

L.A. Times – Business