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| July 20, 2018

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LA Times Archives - Page 1083 of 1195 -

Berkshire profit rises 49% on Buffet’s derivatives wagers

March 1, 2013 |

Berkshire Hathaway Inc. said fourth-quarter profit rose 49% on gains tied to derivatives bets by billionaire Chief Executive Warren Buffett.


L.A. Times – Business

Stocks waver as incomes fall and budget cuts loom

March 1, 2013 |

The stock market turned mixed Friday, erasing an early loss, after a report showed a rise in manufacturing.


L.A. Times – Business

Consumer spending rose slightly in January even as income tumbled

March 1, 2013 |

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.


L.A. Times – Business

J&J gambled on hip implant safety, lawyer alleges

March 1, 2013 |

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

Student loan delinquency rate is increasing

March 1, 2013 |

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.


L.A. Times – Business

Airports big and small may feel effects of federal budget feud

March 1, 2013 |

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.


L.A. Times – Business

Moving, slowly, toward a la carte cable

February 28, 2013 |

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.


L.A. Times – Business

Homes in foreclosure process decline in January

February 28, 2013 |

The number of homes mired in the foreclosure process fell again last month, according to a new report, the 15th consecutive month of year-over-year declines.


L.A. Times – Business

U.S. economy grew late last year, but barely

February 28, 2013 |

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.


L.A. Times – Business

J.C. Penney aims to turn around slumping sales and red ink

February 28, 2013 |

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.


L.A. Times – Business