Image Image Image Image Image Image Image Image Image Image Image Image

| February 22, 2017

Scroll to top

Top

LA Times Archives -

Americans buy existing homes at fastest pace in a decade

February 22, 2017 |

Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows.

Home sales rose 3.3% in January from December to a seasonally…


L.A. Times – Business

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

Hong Kong Disneyland reports a 2016 loss as visitor slump worsens

February 21, 2017 |

Two weeks after Walt Disney Co. launched a bailout of struggling Euro Disney, another international Disney resort revealed that its financial woes grew last year.

Hong Kong Disneyland reported a second consecutive annual loss on an 11% drop in attendance and a 7% decline in revenue. The $ 22-million…


L.A. Times – Business

Wells Fargo fires four executives, including former L.A. regional president, in aftermath of scandal

February 21, 2017 |

Wells Fargo & Co. announced Tuesday that it has terminated four executives in the aftermath of the scandal over accounts opened in customers’ names without their knowledge or consent.

It said its board agreed unanimously to discharge Shelley Freeman, former Los Angeles regional president and current…


L.A. Times – Business

Stock indexes open at record highs

February 21, 2017 |

Stocks are opening higher on Wall Street as investors return from the holiday weekend in a buying mood.

Energy companies and banks posted some of the biggest gains in early trading Tuesday. Hess rose 2% and Northern Trust rose 1%.

The gains sent indexes further into record territory. U.S. markets…


L.A. Times – Business

Republicans make killing consumer protections a top priority

February 21, 2017 |

There’s a lot important stuff going down that our leaders need to deal with — immigration, climate change, Russians running amok. So what are Republican lawmakers doing? They’re busy with legislation aimed at stripping Americans of consumer protections.

About a half-dozen bills take aim at various…


L.A. Times – Business

Big changes planned for the sell-by dates on food packaging

February 21, 2017 |

The majority of Americans have no clear idea what “sell by” labels are trying to tell them. But after 40 years of letting us guess, the grocery industry has made moves to clear up the confusion.

The Food Marketing Institute and the Grocery Manufacturers Assn., the two largest trade groups for the…


L.A. Times – Business