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| March 27, 2017

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Trump to unveil team that will use business ideas to overhaul government

March 27, 2017 |

President Trump plans to unveil a new White House office Monday with sweeping authority to overhaul the federal bureaucracy and fulfill key campaign promises — such as reforming care for veterans and fighting opioid addiction — by harvesting ideas from the business world and, potentially, privatizing…


L.A. Times – Business

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

California Uber drivers would need only one business license under new legislation

March 26, 2017 |

Essential Politics: Gov. Jerry Brown visits Washington, D.C., Schwarzenegger blasts Trump’s approval ratings March 26, 2017, 5:30 a.m. This is Essential Politics, our daily look at California political and government news. Here’s what we’re watching right now: Gov. Jerry Brown is in Washington,…
L.A. Times – Business

Charter promises Trump something new ($25-billion investment) and something old (20,000 jobs)

March 26, 2017 |

The chief executive of Charter Communications committed in a meeting with President Trump on Friday to invest $ 25 billion on broadband infrastructure — and in doing so, joined a trend of business leaders touting previously announced job creation at the White House.

In the case of Charter — Southern…


L.A. Times – Business

The old magazine scam is alive and well. Here’s how to fight back

March 26, 2017 |

Dear Liz: I got scammed by a magazine company a year ago. I thought the call was about two magazines I wanted to stop as I was moving. The woman talked fast and took me through the steps with my bank card (which was stupid of me, I now know) as if she was helping and at the end she said, “Oh, those…


L.A. Times – Business

Why California stinks for first-time home buyers

March 26, 2017 |

If you’re a millennial living in California, buying your first home doesn’t come any harder.

California ranked as the toughest state in the nation for first-time home buyers, who typically would be in the millennial age bracket of 18 to 34, according to a recent report by Claes Bell, an analyst…


L.A. Times – Business

Nearly half of TSA PreCheck travelers say airport lines are still too long

March 26, 2017 |

TSA PreCheck was devised by the Transportation Security Administration to speed up airport screening for travelers who submit to a government background check in advance.

But a survey of nearly 2,500 North American travelers found that 45% of fliers who enrolled in TSA PreCheck still think the…


L.A. Times – Business