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| October 18, 2018

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LA Times Archives - Page 1173 of 1249 -

Obama wins ‘fiscal cliff’ victory, but at high cost

January 1, 2013 |

The terms of Monday night’s compromise guarantee another pitched battle soon over spending and taxes, and the president will have less leverage.

WASHINGTON — President Obama, who campaigned on raising taxes on the wealthiest Americans, has fulfilled that promise even before his next term starts.
L.A. Times – Business

Senate passes ‘fiscal cliff’ deal; House to vote Tuesday

January 1, 2013 |

The lopsided 89-8 vote puts pressure on the House to swiftly follow suit to ensure the nation avoids automatic tax increases and spending cuts. The deal, which raises taxes, would represent a milestone for Republicans.

WASHINGTON — The Senate voted overwhelmingly early Tuesday to approve legislation to halt a tax increase for all but the wealthiest Americans while postponing for two months deep spending cuts. The vote came just hours after the accord was reached between the White House and congressional leaders.
L.A. Times – Business

Optimistic stock investors reaped rewards worldwide in 2012

January 1, 2013 |

Investors who had expected a sustained slump in stocks in 2012 found themselves left behind as most world markets posted double-digit percentage gains.

Wall Street closed out the year with a surge in the final trading session, betting on a last-minute resolution of the so-called fiscal cliff.


L.A. Times – Business

Fewer banks are failing as industry strengthens

January 1, 2013 |

Banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis in 2008.

U.S. banks ended the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.


L.A. Times – Business

California regulators seek to police out-of-state pharmacies

January 1, 2013 |

The pharmacy board wants to inspect compounding pharmacies that sell drugs in California after a nationwide meningitis outbreak linked to contaminated drugs.

SACRAMENTO — State regulators are responding to a deadly nationwide meningitis outbreak linked to contaminated drugs by seeking new power to inspect out-of-state pharmacies that sell special-order prescription drugs in California.


L.A. Times – Business

Hobby Lobby to defy law on contraception insurance coverage

January 1, 2013 |

The craft stores chain, after a failed Supreme Court appeal, says it won’t offer employees insurance for the ‘morning-after’ pill, which it says is abortion-inducing.

After losing a last-minute appeal to the Supreme Court, craft stores chain Hobby Lobby said it would defy a federal healthcare mandate requiring employers to provide their workers with insurance that covers emergency contraceptives.


L.A. Times – Business

SpaceX’s Elon Musk pays $17 million for Bel-Air manse

December 31, 2012 |

The 20,248-square-foot property, remodeled with entertaining in mind, has a tennis court, a swimming pool and an expansive motor court.

Billionaire entrepreneur and inventor Elon Musk has bought a mansion in Bel-Air for $ 17 million.


L.A. Times – Business

Facebook narrowly avoids New Year’s Day privacy flap

December 31, 2012 |

Facebook was able to avoid what could have been an embarrassing privacy ordeal with a messaging feature it built for New Year’s Day.


L.A. Times – Business

Stocks mixed as investors peer over fiscal cliff

December 31, 2012 |

NEW YORK — Stocks were mixed at the start of the last trading day of 2012, as investors awaited word on whether President Obama and Congress would reach a deal to avert a fiscal crisis. 


L.A. Times – Business

Airline group predicts more fliers, more efficient airports

December 31, 2012 |

Airports around the world will serve 3.6 billion fliers by 2016, an increase of about 800 million travelers, the International Air Transport Assn. forecasts.

As crowded as airports have been over the holiday season, a new forecast predicts even more travelers will be hopping on planes in coming years.


L.A. Times – Business