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| March 27, 2017

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Stocks drop in early trading

March 27, 2017 |

Banks and industrial companies are leading stocks lower on Wall Street in early trading.

Morgan Stanley lost 4.5% early Monday and copper miner Freeport-McMoRan slumped 5%.

Traders are worrying that the defeat of the Republican-backed healthcare reform bill last week will mean more difficulty getting…


L.A. Times – Business

Dodgers TV standoff lives on as AT&T, Justice settle lawsuit

March 27, 2017 |

The U.S. Justice Department on Thursday settled its lawsuit with AT&T, resolving claims that a high-level DirecTV executive illegally colluded with other pay-TV companies in Southern California to block the rollout of the Los Angeles Dodgers’ cable sports channel in 2014.

As part of the proposed…


L.A. Times – Business

‘A sea of despair’: White Americans without college degrees are dying younger

March 27, 2017 |

In 2015, a pair of economists received widespread attention for their study showing that since the late 1990s the death rate has been rising for middle-aged white Americans.

Now a new analysis by the same Princeton University team has identified which part of that population was driving that trend:…


L.A. Times – Business

Chinese group buys Blackstone’s stake in SeaWorld

March 27, 2017 |

Investment firm Blackstone Group has sold its 21 percent stake in SeaWorld to a Chinese company.

The deal with Zhonghong Group gives SeaWorld a path into the growing Chinese tourism market and a partner with experience in theme-park development there.

Zhonghong Group will buy the stock at $ 23 per…


L.A. Times – Business