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| September 30, 2016

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Former Puma Biotechnology exec is accused of making $1.2 million from insider trading

September 30, 2016 |

The Securities and Exchange Commission charged Robert Gadimian, a former executive at Los Angeles’ Puma Biotechnology, with making nearly $ 1.2 million by illegally trading on confidential information about an experimental breast cancer drug.

The agency said Thursday that Gadimian, who was Puma’s…


L.A. Times – Business

Tesla rear-ends bus in Germany; driver blames Autopilot

September 29, 2016 |

Police in northern Germany say that a Tesla driver is blaming the car’s Autopilot after crashing into the rear of a bus on a highway.

But Tesla — which has been facing scrutiny after a spate of Autopilot-related incidents — says its semiautonomous driving feature was not at fault.

A Tesla spokeswoman said…


L.A. Times – Business

First it was exploding Samsung phones. Now it’s exploding Samsung washing machines

September 29, 2016 |

One Georgia mom was pulling clothes from the dryer, with her 4-year-old son nearby, when she heard the boom and saw the damage. Another woman thought something had crashed through her roof. In one instance, metal shards flung into a hallway and ripped holes in the wall. Laundry rooms have flooded….


L.A. Times – Business

Wells Fargo live updates: CEO faces another round of grilling about bogus accounts

September 29, 2016 |

Wells Fargo live updates: CEO faces another round of grilling about bogus accounts Sept. 29, 2016, 7:59 a.m. Wells Fargo Chairman and Chief Executive John Stumpf returns to Capitol Hill today to testify before the House Financial Services Committee, where angry lawmakers are expected to grill him…
L.A. Times – Business