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| June 21, 2018

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LA Times Archives -

Workers at Trump golf course and Terranea resort file lawsuit over ‘panic button’ ballot measure

June 21, 2018 |

A petition drive to force the exclusive Terranea Resort and nearby Trump National Golf Club to provide employees with panic buttons and wage increases is now the subject of a lawsuit alleging that the city of Rancho Palos Verdes is refusing to put the measure on the ballot.

The Los Angeles County…


L.A. Times – Business

$450-million office, housing and retail complex underway on Vine in Hollywood

June 21, 2018 |

A block in Hollywood once slated to hold a museum dedicated to the Academy Awards is being transformed into a spacious $ 450-million campus of offices, apartments and stores.

Kilroy Realty Corp. has broken ground on Academy on Vine, a long-anticipated project on 3.5 acres just south of the ArcLight…


L.A. Times – Business

China’s Xi can make life tough for U.S. companies, from Apple to Walmart

June 20, 2018 |

China doesn’t import enough from the U.S. to match President Trump’s tariffs dollar for dollar, but President Xi Jinping can still retaliate by squeezing American companies in other ways.

American businesses including Apple Inc., Walmart Inc., Boeing Co. and General Motors Co. all operate in China…


L.A. Times – Business

Amazon, JPMorgan and Berkshire Hathaway pick CEO for joint healthcare venture

June 20, 2018 |

Dr. Atul Gawande, a surgeon and bestselling author, has been named chief executive of a venture sponsored by Amazon.com Inc., JPMorgan Chase & Co. and Warren Buffett’s Berkshire Hathaway Inc. that aims to bring down those three firms’ healthcare costs.

The companies announced the appointment Wednesday…


L.A. Times – Business

Stocks rise, led by tech shares, as U.S.-China trade fears ease

June 20, 2018 |

U.S. stocks are mostly higher Wednesday morning as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Technology companies and banks are making some of the largest gains. 21st Century Fox is jumping after it agreed to a new deal with Disney,…


L.A. Times – Business

Bills headed for state Senate would put limits on payday, auto-title lending

June 20, 2018 |

State legislators killed a bill that would have reshaped much of California’s consumer lending market, but two more-modest bills made it through the state Assembly and now move on to the Senate.

One would stop borrowers from taking out more than one payday loan at a time; another would cap interest…


L.A. Times – Business

Anaheim City Council votes to put ‘living wage’ initiative on its November ballot

June 20, 2018 |

After emotional statements from Disneyland workers and Anaheim business owners, a divided Anaheim City Council voted Tuesday to put on its November ballot a measure that would require hospitality operations that accept a city subsidy to pay a “living wage.”

The council narrowly rejected a proposal…


L.A. Times – Business

Tech CEOs voice opposition to family separations at the border

June 20, 2018 |

Tech heavyweights from Apple Inc. Chief Executive Tim Cook to Facebook Inc. boss Mark Zuckerberg joined a chorus of Americans denouncing the Trump administration’s policy of separating children in the U.S. illegally from their families at the border. But it’s unclear whether the industry has any…


L.A. Times – Business

Dow Jones industrial average is dumping General Electric and adding Walgreens

June 19, 2018 |

General Electric Co., its stock gutted as management struggled with a slump that wiped $ 120 billion from its value, suffered a crowning ignominy Tuesday as overseers of the Dow Jones industrial average kicked the company out of the stock gauge it has inhabited for more than a century.

The onetime…


L.A. Times – Business

Verizon and AT&T vow to stop selling cellphone location data to brokers

June 19, 2018 |

Verizon and AT&T have pledged to stop providing information on phone owners’ locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy.

The data has apparently allowed outside companies to pinpoint the location of wireless devices without…


L.A. Times – Business