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| January 21, 2019

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Office tenants keep growing in Los Angeles despite fears of economic slowdown

January 20, 2019 |

Office leasing in Los Angeles County stayed strong in the fourth quarter of 2018 and is expected to perform well in the months ahead despite concerns that the market may soften because of a possible economic slowdown.

Signing some of the biggest leases were expanding entertainment companies such…


L.A. Times – Business

Onetime Jackie Robinson scholarship recipient Nichol Whiteman helped the Dodgers Foundation find its swing

January 20, 2019 |

Nichol Whiteman was drafted in 2013 to help boost the stats of the Los Angeles Dodgers Foundation, which suffered a series of scandals — including a state investigation citing improper expenditures — during the time that Frank McCourt owned the team. Under her leadership, the Dodger organization’s…


L.A. Times – Business

Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs

January 20, 2019 |

Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of return.

Everything’s fine while the economy is growing. But when it slows, those borrowers could default, causing problems to cascade…


L.A. Times – Business

Is it smarter to save for retirement or pay off debt first?

January 20, 2019 |

Dear Liz: I graduated from college in May and began a full-time job in October making $ 36,000. I also do freelance work and receive anywhere from $ 500 to $ 1,000 a month from that. I live at home, so I don’t have to pay for rent or groceries, which really helps. Currently, I have just over $ 18,800…


L.A. Times – Business

Huawei CFO Meng Wanzhou awaits her fate in house-arrest splendor

January 20, 2019 |

Meng Wanzhou steps out of her $ 4.2-million mansion, a GPS monitor strapped to her ankle, and slips into a chauffeured black SUV. Then she’s off, largely free to roam the shops and restaurants within 100 square miles of Vancouver, Canada, until her 11 p.m. curfew.

So goes another day of house arrest…


L.A. Times – Business

China offers a path to end U.S. trade deficit, sources say

January 20, 2019 |

China has offered to go on a six-year buying spree to ramp up imports from the U.S., a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations.

By increasing goods imports from the U.S. by a combined value of…


L.A. Times – Business

Some home shoppers are calling it quits, convinced that prices have peaked

January 19, 2019 |

Two years ago, Mike Saavedra moved to Southern California, equipped with a new high-paying healthcare job and a plan. The former Arizona resident would rent by the beach while becoming familiar with neighborhoods where he may want to purchase a house.

But a few months after starting his search,…


L.A. Times – Business

Apple-Qualcomm chip deals may not have collapsed over patent fees, leaked emails suggest

January 19, 2019 |

When Apple Inc. executive Jeff Williams told a courtroom that Qualcomm Inc. cut off chip supply for iPhones, it was compelling testimony in the Federal Trade Commission’s antitrust case against the semiconductor company.

The FTC argues that Qualcomm won’t sell chips if customers don’t also pay…


L.A. Times – Business

Tesla layoffs loom and its stock price plunges as Musk shifts focus from growth to survival

January 19, 2019 |

In an email to employees Friday, Tesla Chief Executive Elon Musk painted a dim picture of the company’s near future. He said Tesla’s cars are “still too expensive for most people,” and that to cut costs, the company would have to cut 7% of its full-time workforce.

Tesla’s stock plunged 13% on the…


L.A. Times – Business

Stocks climb, notching fourth straight week of gains

January 19, 2019 |

U.S. stocks jumped Friday as renewed hopes for progress in U.S.-China trade talks helped the market finish the week with another strong gain.

Indexes jumped after Bloomberg News reported that China’s government offered to buy more goods and services from the United States, potentially eliminating…


L.A. Times – Business