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| August 23, 2019

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LA Times Archives - Page 1406 of 1433 -

Soaring gas costs push up wholesale prices 1.1%

October 12, 2012 |

Ballooning gasoline prices and high food costs propelled wholesale prices in September to their fourth straight increase, according to the Labor Department.



L.A. Times – Business

New jobless claims fall 30,000 from previous week to 339,000

October 12, 2012 |

The steep drop to a 41/2-year low causes skeptics to raise doubts about the weekly jobless claims report.

WASHINGTON — The number of people filing new jobless claims plunged last week to a 41/2-year low.



L.A. Times – Business

99 Cents Only eyes Beverly Hills location

October 12, 2012 |

The discount chain, citing clientele, looks to open flagship store on Rodeo Drive.

Discount chain 99 Cents Only Stores Inc. is shopping on Rodeo Drive.



L.A. Times – Business

Four IPOs surge in first day of trading

October 12, 2012 |

Shares of realty firm Realogy, photo provider Shutterstock and drug firms Kythera and Intercept rise more than 20%. The gains bode well for the IPO market.

After a string of disappointing debuts, the IPO market showed signs of life, with shares of four newly public companies each shooting up more than 20% in their first day of trading.



L.A. Times – Business

Sprint Nextel in talks for possible takeover by Japan’s Softbank

October 11, 2012 |

A deal would give Sprint financial support to build out its high-speed LTE network and better compete against Verizon and AT&T.

Sprint Nextel Corp., left behind in the latest wireless consolidation, is in talks with one of Japan’s largest cellphone service providers for a possible takeover that could help turn around the No. 3 U.S. carrier.



L.A. Times – Business

Foreclosure filings drop to five-year low in September

October 11, 2012 |

WASHINGTON — Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold.



L.A. Times – Business

SBA-backed lending rises to record level in Western region

October 11, 2012 |

Firms in the Small Business Administration region that includes California borrowed $ 6.7 billion in loans backed by the agency in the last fiscal year.

Small businesses in the Western region that includes California took out more U.S.-backed loans than ever during the government’s last fiscal year, but they didn’t spend much of it in a way that generated new jobs, analysts said.



L.A. Times – Business

Fears of weak earnings sink stocks

October 11, 2012 |

Dow industrials slip nearly 129 points as investors face the possibility of a decline in quarterly profits for the first time since 2009.

The specter of anemic corporate earnings has put a temporary halt to the stock market’s summer winning streak.



L.A. Times – Business

Next generation of spaceflight taking shape in Mojave

October 11, 2012 |

The Mojave Air & Space Port is busy with young rocket scientists, aerospace engineers and technicians working at private companies.

MOJAVE — Inside one of the bustling ramshackle hangars at the Mojave Air & Space Port, 23-year-old Kyle Nyberg is tightening dozens of stainless-steel nuts that make up the innards of the rocket sitting before him.



L.A. Times – Business