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| November 16, 2018

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LA Times Archives - Page 1190 of 1267 -

Feds levied record fines against airlines in 2012

January 2, 2013 |

On the final day of the year, the U.S. Department of Transportation levied fines against two airlines that kept passengers stranded on delayed flights, pushing the number of violations issued against airlines in 2012 to a record.


L.A. Times – Business

How tax increases will affect households

January 2, 2013 |

The tax package passed by Congress will prevent one set of tax increases from hitting the vast majority of Americans, but it won’t stop them all. A temporary Social Security payroll tax reduction is expiring, hitting nearly every wage earner, and income taxes on the wealthy are going up too.


L.A. Times – Business

Location looms large in pump prices at California gas stations

January 2, 2013 |

Known in the industry as zone pricing, the practice helps explain the wild swings in price any gasoline brand has from one location to the next.

Record gasoline prices in 2012 and calls for investigation of California’s fuel markets have brought into focus a persistent peculiarity of the state’s service station world: the wild swings in price any brand has from one location to the next.
L.A. Times – Business

The ‘fiscal cliff’ con game

January 2, 2013 |

Whatever the ultimate shape of the “fiscal cliff” solution that has preoccupied all Washington, and a fair swath of the rest of country, in the final days of 2012 and into the new year, Americans of all walks of life should be asking themselves this question: How do we like being conned?


L.A. Times – Business

2012 was a good year for high-end home sales in L.A. County

January 2, 2013 |

Celebrity mega-deals increase as the top of the market reflects the growing strength in overall home sales.

Last year was the best for high-end home sales since the housing bubble burst, and among those making the A list for celebrity mega-deals were Ryan Seacrest, Ellen DeGeneres and Jennifer Aniston.


L.A. Times – Business

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