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| January 19, 2019

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LA Times Archives - Page 1229 of 1305 -

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

Tribune Co. set to exit bankruptcy protection

December 31, 2012 |

The media giant whose assets include the Los Angeles Times and KTLA-TV Channel 5 is expected to emerge with a board of several entertainment industry veterans.

Tribune Co. is expected to emerge from bankruptcy protection Monday with a new board of directors composed largely of entertainment-industry veterans.


L.A. Times – Business

Champagne sales lose fizz in Europe

December 31, 2012 |

Sales this year through September fall 4.9% in France and 5% elsewhere in the EU compared with a year earlier. But exports rise 3%.

Champagne sales are on the wane in economically troubled Europe, but other markets — particularly Japan and the United States — are developing more fondness for the bubbly.


L.A. Times – Business

Losses on reverse mortgages prompt FHA to make changes

December 30, 2012 |

The agency clamps a moratorium on the most popular version of the program and plans other changes that could make getting a reverse mortgage tougher.

WASHINGTON — You’ve probably seen the reverse mortgage pitchmen at work on your TV screen — former Sen. Fred Thompson and actors Robert Wagner and Henry “Fonzie” Winkler prominent among them — urging seniors to pull cash out of their homes through a loan program guaranteed by the federal government.


L.A. Times – Business