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LA Times Archives - Page 1157 of 1214 -

Consumer spending dipped in October for first time in five months

November 30, 2012 |

WASHINGTON — Consumer spending dipped in October, the first decline in five months, as Superstorm Sandy took a big bite out of paychecks in the Northeast.



L.A. Times – Business

Windows 8 hasn’t lifted U.S. tablet or PC sales, NPD says

November 30, 2012 |

Since Microsoft’s Windows 8 operating system launched last month, sales of Windows devices have fallen 21% from a year earlier, NPD said. Figures excluded sales of the Surface with Windows RT tablet.

Microsoft Corp.’s new Windows 8 has not given a boost to U.S. sales of PCs and tablet computers, according to the NPD Group.



L.A. Times – Business

Electricity rates to rise for Southern California Edison customers

November 30, 2012 |

The California Public Utilities Commission approves three years of rate hikes for SCE customers, with the first adding an average of $ 7 a month to bills.

SACRAMENTO — Almost 5 million Southern California Edison Co. customers in hundreds of cities and communities across the southern, central and coastal parts of the state will be hit with higher electric bills early next year and bigger hikes in each of the following two years.



L.A. Times – Business

Retail sales rise a weak 1.6% in November

November 30, 2012 |

Analysts had expected a 3.3% year-over-year increase. The disappointing sales figure is blamed in part on the effects of Superstorm Sandy.

Despite robust sales on Black Friday, the nation’s retailers reported weak sales in November, raising concerns about whether merchants can make up enough ground in the coming weeks of the crucial holiday season.



L.A. Times – Business

Northrop Grumman to cut 200 jobs at two sites

November 29, 2012 |

Northrop offers voluntary buyouts to workers at its electronics division complexes in Woodland Hills and Salt Lake City amid efforts to cut the defense budget.

Citing proposed cuts to Pentagon spending, aerospace giant Northrop Grumman Corp. revealed plans to eliminate about 200 positions in Woodland Hills and Salt Lake City by March.



L.A. Times – Business

Port strike: SoCal loses work as ships shift to Oakland, Mexico

November 29, 2012 |

The slow season for cargo traffic has already begun at the ports of Los Angeles and Long Beach, but if anyone thought that meant that a clerical workers’ strike at the facility would not have much of an impact, they were wrong.



L.A. Times – Business

Initial jobless claims dropped again last week after Sandy

November 29, 2012 |

WASHINGTON — Initial claims for unemployment benefits dropped again last week, to 393,000, as the jobs market continued to recover from Superstorm Sandy.



L.A. Times – Business

Starbucks’ $7-a-cup coffee: Can you tell the difference?

November 29, 2012 |

Some coffee aficionados have a difficult decision to make: Spend $ 7 on a full lunch or on a single cup of Starbucks coffee?



L.A. Times – Business

Union walkout cripples ports of Los Angeles and Long Beach

November 29, 2012 |

The job action by the small International Longshore and Warehouse Union Local 63’s Office Clerical Unit shuts down most of the complex, which could have a wide effect.

A small union of maritime clerks managed to shut down most of the nation’s busiest seaport complex Wednesday, raising concerns about harm to the fragile economy.



L.A. Times – Business

Costco joins firms issuing special dividend payments this year

November 29, 2012 |

A growing list of companies are moving up dividends or declaring special one-time payouts to shareholders ahead of what may be higher tax rates next year.

NEW YORK — Hoping to save shareholders money, Costco joined a growing list of companies issuing dividend payments this year, rather than waiting and seeing if tax rates rise as Congress wrangles over the “fiscal cliff.”



L.A. Times – Business