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| April 28, 2017

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He’s covered, he makes his payments and his insurer still drags its feet

April 28, 2017 |

Most attention on the healthcare front has been focused on Republicans’ single-minded efforts to eviscerate Obamacare. Largely overlooked has been the frustration Americans with employer-based coverage often face in dealing with tight-fisted insurers.

For the roughly 150 million workers and family…


L.A. Times – Business

United Airlines reaches ‘amicable’ settlement with passenger dragged from a plane

April 28, 2017 |

United Airlines has settled with Dr. David Dao over the injuries he received when he was dragged off one of the airline’s planes this month, a dramatic incident that has forced policy changes at United and rival carriers.

Under the terms reached by the airline and Dao, the amount of the settlement…


L.A. Times – Business

Federal regulator ratchets up effort to regulate tribal lenders, suing four in California

April 28, 2017 |

The Consumer Financial Protection Bureau launched another salvo Thursday in its battle against the tribal lending industry, which has claimed it’s not subject to regulation by the agency.

The federal regulator sued four online lenders affiliated with a Native American tribe in Northern California,…


L.A. Times – Business

It’s legal to pay women less than men based on past salaries, court rules

April 27, 2017 |

Employers can legally pay women less than men for the same work based on differences in the workers’ previous salaries, a federal appeals court ruled Thursday.

The decision by the 9th U.S. Circuit Court of Appeals overturned a lower-court ruling saying pay differences based exclusively on prior…


L.A. Times – Business

How Trump’s tax plan could affect ordinary taxpayers

April 27, 2017 |

President Trump’s tax reform plan could lead to lower tax bills for many ordinary taxpayers but also eliminate many of the tax deductions that Americans currently claim.
L.A. Times – Business

Stocks edge higher in early trading

April 27, 2017 |

Stocks are edging higher in early trading on Wall Street as investors pore over a large batch of company earnings reports.

Comcast and Union Pacific rose early Thursday after reporting their earnings, while United Parcel Service and Southwest Airlines fell.

The Standard & Poor’s 500 index was up…


L.A. Times – Business

Uber has a ‘competitive intelligence’ team — and it’s not alone

April 27, 2017 |

Uber isn’t the only company to employee a competitive intelligence team to study its rivals. It’s a longstanding tactic — but one that can turn controversial.
L.A. Times – Business

United Airlines’ policy changes include paying bumped passengers up to $10,000

April 27, 2017 |

United Airlines will offer up to $ 10,000 when a traveler voluntarily gives up a seat on an oversold flight, part of a policy overhaul following the passenger-yanking video seen around the world.

The Chicago-based carrier is adopting 10 policy changes in response to the outcry over the April 9 incident,…


L.A. Times – Business

Economic reality and contradictions beset Trump’s tax plan

April 27, 2017 |

In proposing to slash business taxes and enact a tax reform of historic proportions, Trump administration officials say they will rely largely on economic growth to make up for the trillions of dollars of lost tax revenue.

But hardly any economist or tax policy analyst outside the administration…


L.A. Times – Business

Dole files for initial public offering — for the third time

April 26, 2017 |

Less than four years after its billionaire chairman, David H. Murdock, took Dole Food Co. private — and snookered investors in the process, a judge said — the company is once again planning to tap the public markets.

The Westlake Village fruit and vegetable company, controlled by the 94-year-old…


L.A. Times – Business