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| September 21, 2017

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U.S. stock indexes edge lower in early trading; oil falling

September 21, 2017 |

U.S. stock indexes veered slightly lower in early trading Thursday as investors sized up the latest batch of company earnings and deal news. Technology stocks were down the most. Consumer focused-companies also fell, while energy stocks declined as the price of crude oil headed lower. Insurers…


L.A. Times – Business

Republican report accuses consumer bureau of going easy on Wells Fargo

September 21, 2017 |

The Consumer Financial Protection Bureau could have fined Wells Fargo & Co. more than $ 10 billion for its illegal sales practices but instead settled for $ 100 million, according to the agency’s internal documents released by congressional Republicans this week.

The CFPB also had evidence that the…


L.A. Times – Business

Waymo seeks $2.6 billion in damages from Uber for alleged use of one trade secret

September 21, 2017 |

With three weeks to go until the explosive Waymo vs. Uber trial begins, court-watchers got a peek Wednesday at the hefty price tag Uber could face if it loses.

Waymo is seeking $ 2.6 billion in damages for just one of the nine self-driving car trade secrets it claims Uber put to use, lawyers disclosed…


L.A. Times – Business

Redondo Beach halts mixed-use developments after residents raise concerns about traffic

September 21, 2017 |

The Redondo Beach City Council has placed a nearly one-year moratorium on mixed-use development, a move that comes amid a statewide housing shortage driving up rents and home prices.

The 10½-month ban, which passed unanimously Tuesday evening, puts a brake on projects that combine retail and office…


L.A. Times – Business