LA Times Archives - Page 1083 of 1195 -
Berkshire Hathaway Inc. said fourth-quarter profit rose 49% on gains tied to derivatives bets by billionaire Chief Executive Warren Buffett.
WASHINGTON — Consumers spent slightly more in January than the previous month even as their income plummeted by the largest amount in 20 years because of the “fiscal cliff,” the Commerce Department said Friday.
Johnson & Johnson ‘knew this hip was defective’ but failed to warn patients, a plaintiff’s attorney says. The company said it acted properly and ‘put patients above money.’
Healthcare giant Johnson & Johnson played “Russian roulette” with patient safety by ignoring high failure rates and surgeons’ complaints about its once-popular artificial hip, a Los Angeles jury was told during closing arguments at a high-stakes medical trial for the company.
L.A. Times – Business
Almost a third of the people who borrowed for education were delinquent at the end of 2012, up from a quarter in 2008 and 20% in 2004.
More people borrowing for education are failing to pay off their loans.
Looming budget cuts may lead to the shutdown of control towers at small Southland airports and longer screening lines for passengers at LAX and elsewhere.
Get ready for longer lines at Los Angeles International Airport, slower delivery of packages and the possible shutdown of small Southern California airport control towers if a resolution isn’t reached on federal budget cuts.
Cablevision’s suit against Viacom is an assault on the industry’s practice of forcing viewers to pay for many channels they never watch. Yet Cablevision still appears to back the ‘bundling’ concept.
The cable company Cablevision says it’s just looking out for consumers in its lawsuit against Viacom, owner of MTV and Nickelodeon, over bundled programming packages that drive monthly bills higher.
WASHINGTON — The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration.
J.C. Penney is hustling to reinvent itself and boost sales after the retail chain’s recent customer traffic missed expectations and its profit margin dipped.
J.C. Penney Co. stumbled hard during the critical holiday season — reporting yet another quarter of tanking sales and net losses — and now is hustling hard to shake its dowdy patina.