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| December 15, 2017

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Shervin Pishevar resigns from Sherpa Capital amid reports of sexual misconduct

December 14, 2017 |

Shervin Pishevar, the embattled venture capitalist accused of sexual misconduct, said Thursday that he would step down from the Silicon Valley investment firm he co-founded.

The announcement comes weeks after he declared he would take a leave of absence from Sherpa Capital to shield the firm from…


L.A. Times – Business

With majority stake in Hulu, Disney could take a run at Netflix

December 14, 2017 |

Netflix is the undisputed champion of streaming TV. Subscribers spend more than 140 million hours a day on the platform, which boasts wildly successful shows including “Stranger Things” and “House of Cards.”

But that dominance now faces a credible threat from the Walt Disney Co., which will gain…


L.A. Times – Business

Health risks to farmworkers increase as workforce ages

December 14, 2017 |

That bag of frozen cauliflower sitting inside your freezer likely sprang to life in a vast field north of Salinas, Calif. A crew of men and women here use a machine to drop seedlings into the black soil. Another group follows behind, stooped over, tapping each new plant.

It is backbreaking, repetitive…


L.A. Times – Business

Target is buying Shipt for $550 million to beef up same-day delivery

December 14, 2017 |

Target Corp. plans to boost its same-day delivery capability by paying $ 550 million for Shipt Inc., its latest move to try to catch up with Amazon.com Inc.

Shipt delivers groceries to members who pay $ 99 a year. Target said Wednesday that it would add more products to the service next year, such…


L.A. Times – Business

These are the 21st Century Fox assets that Disney wants to buy

December 14, 2017 |

Walt Disney Co. plans to buy much of the media assets of Rupert Murdoch’s 21st Century Fox. If approved by regulators, the deal would create an entertainment powerhouse and transform the Hollywood landscape. Here is a breakdown of what Disney would acquire.
L.A. Times – Business

Wal-Mart gives workers a way to get paid earlier

December 14, 2017 |

Wal-Mart is providing workers with an app aimed at helping them budget their money and get paid before payday.

The retailer said Wednesday that it teamed up with financial technology start-ups Even and PayActiv to provide an app to 1.4 million Wal-Mart workers.

The Even app automatically plans…


L.A. Times – Business

Here’s who’ll benefit — and who might not — if net neutrality is repealed as expected

December 13, 2017 |

Internet service providers and large content providers could see benefits if the FCC repeals regulations governing network neutrality, as is expected Thursday.
L.A. Times – Business

Fed hikes its key interest rate again and sharply increases next year’s economic growth forecast

December 13, 2017 |

Federal Reserve monetary policymakers on Wednesday nudged up their key interest rate again and sharply increased their forecast for the economy’s performance in 2018 as Congress neared passage of a large tax cut package.

Fed officials voted 7-2 after a two-day meeting to increase the rate by a…


L.A. Times – Business

Tech stocks lead U.S. indexes higher

December 13, 2017 |

Stocks are opening higher on Wall Street as technology companies post solid gains.

Hard drive maker Western Digital gained 3% after it resolved a dispute with its partner Toshiba over Toshiba’s plan to sell its flash memory business.

Finisar climbed 27% after Apple said it will invest $ 390 million…


L.A. Times – Business

Net neutrality’s repeal means fast lanes could be coming to the internet. Is that a good thing?

December 13, 2017 |

With federal regulators poised to repeal net neutrality rules this week, your internet service provider would be allowed to speed up delivery of some online content to your home or phone.

Whether those fast lanes are coming, and what they ultimately deliver for Americans, is unclear.

The concept,…


L.A. Times – Business