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| August 23, 2017

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Amazon is getting some competition: Wal-Mart and Google venture into voice-activated shopping

August 23, 2017 |

Wal-Mart is diving into voice-activated shopping. But unlike online leader Amazon, it’s not doing it alone.

The world’s largest retailer said Wednesday that it’s working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant….


L.A. Times – Business

Target officially stops selling Just Mayo and other Hampton Creek foods

August 23, 2017 |

Target has severed ties with the maker of the popular Just Mayo egg-free condiment two months after pulling the product and others over alleged food safety violations.

The move comes the same month the U.S. Food and Drug Administration closed, without further action, a review of the vegan food…


L.A. Times – Business

‘Not one drop’ of Poland Spring bottled water is from a spring, lawsuit says

August 22, 2017 |

Poland Spring, the country’s bestselling bottled water, is “a colossal fraud,” according to a class-action lawsuit.

The lawsuit, filed last week in Connecticut, alleges that instead of spring water, parent company Nestle Waters North America has been selling billions of gallons of groundwater to…


L.A. Times – Business

Stocks rise, putting a shaky few weeks further behind them

August 22, 2017 |

Stocks around the world pushed higher Tuesday, as markets gained strength following a shaky run the last couple of weeks. Shares of technology companies, retailers and metals miners helped lead the way in the United States.

With less nervousness in the market, prices for Treasury bonds, gold and…


L.A. Times – Business

FBI warns of spreading W-2 email theft scheme

August 22, 2017 |

The IRS is warning businesses about a sharp increase in email phishing scams involving employees’ W-2 forms — scams that can put workers’ Social Security numbers and other crucial information in the hands of thieves.

The government said 200 businesses, public schools, universities, Native American…


L.A. Times – Business

Lawmakers, activists say nursing-home residents must have right to sue

August 22, 2017 |

Healthcare, tax reform and the debt ceiling probably will be among the highest-profile issues when Congress returns from a monthlong recess Sept. 5.

But Democratic lawmakers and consumer advocates already have served notice that they’re also going to keep a spotlight on protecting people’s right…


L.A. Times – Business

Target is shedding Merona and Mossimo and adding new brands instead

August 22, 2017 |

When clothing brands such as Merona and Mossimo helped propel Target Corp. to new heights in the 1990s and early 2000s, an H&M was not in every mall.

Online subscription services such as Stitch Fix were not yet on the horizon.

Amazon sold mostly books.

And department stores and shopping malls were…


L.A. Times – Business

All NFL teams will participate in ‘Madden’ esports tournament

August 22, 2017 |

NFL fans and gamers can play their way to the Super Bowl — if they’re good enough at the newest edition of “Madden NFL 18.”

Electronic Arts and the NFL on Monday announced they’re teaming up to create an online tournament involving all 32 teams.

It makes the NFL the first professional sports league…


L.A. Times – Business

China’s Great Wall Motors considers bid for Fiat Chrysler’s Jeep unit 

August 21, 2017 |

Chinese SUV maker Great Wall Motors is considering making a bid to buy Fiat Chrysler’s Jeep unit, spokespeople for the Chinese company said Monday, in a possible ambitious new step onto the global stage for one of China’s fast-growing auto brands.

Great Wall has yet to formally declare its interest…


L.A. Times – Business

Sempra Energy bids $9.45 billion for Oncor, topping Warren Buffett’s offer

August 21, 2017 |

Sempra Energy is buying Texas power transmitter Oncor for $ 9.45 billion in cash, wresting it away from Warren Buffett’s Berkshire Hathaway.

Sempra said Monday that it will also pick up $ 9.35 billion of the company’s debt. To gain possession of Oncor, Sempra will acquire the reorganized Energy Future…


L.A. Times – Business