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| February 22, 2017

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Stocks edge back from record highs

February 22, 2017 |

Declines in energy and industrial stocks are leading U.S. indexes slightly lower in early trading as the market comes off a record high close the day before.

Energy companies fell early Wednesday along with the price of crude oil. Newfield Exploration sank 9%.

Newmont Mining dropped 2% after reporting…


L.A. Times – Business

Universal Studios Hollywood raises gate ticket prices

February 22, 2017 |

About a week after Disneyland raised its ticket prices, Universal Studios Hollywood hiked attendance prices an extra $ 5 per visitor.

The daily ticket price at the gate rose to $ 120 from $ 115, on top of increases adopted last year of up to 20%. Universal Orlando also raised prices over the weekend…


L.A. Times – Business

Wal-Mart’s online sales jump 29% as it works to make inroads against Amazon

February 22, 2017 |

The nation’s largest retailer keeps working to make headway against the largest online seller.

Wal-Mart Stores Inc. drew more shoppers to its namesake stores in the United States and its online sales soared 29% in its fiscal fourth quarter, which covers the crucial holiday shopping season. That’s…


L.A. Times – Business

Head of U.S. Honda to leave air bags behind, turn to gin and vodka

February 22, 2017 |

The U.S. head of Honda is retiring to make gin and vodka with his sons.

John Mendel, 62, executive vice president for the Japanese carmaker at American Honda Motor Co. in Torrance, told a group of dealers Monday night that he’s retiring.

He goes out on a high note: Honda sales in the U.S. last…


L.A. Times – Business