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| August 15, 2018

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LA Times Archives - Page 2 of 1211 -

Kids are shopping online more. Here’s how brands are courting them

August 13, 2018 |

Nine-year-old Isabella Colello shops for just about everything online.

She scrolls through the Amazon app on her phone at least once a day. She gets ideas from YouTube, searches on Google for things she wants and sends the links to her dad: pink swimsuits, earrings, Adidas sneakers (he said yes);…


L.A. Times – Business

Can consumer loans ever be so expensive they break the law? The California Supreme Court says yes

August 13, 2018 |

California’s high court has ruled that interest rates on consumer loans can be so high that they become “unconscionable” and, therefore, illegal — a decision that could upend the state’s subprime loan market.

In a unanimous opinion released Monday morning, California Supreme Court justices said…


L.A. Times – Business

Stocks open slightly higher

August 13, 2018 |

Stocks opened slightly higher on Wall Street on Monday, led by gains in technology and healthcare companies.

Consumer-focused companies were also higher in early trading. Amazon rose 1.1%.

Marketing and media information company Nielsen soared 14% after activist investor Elliott Management disclosed…


L.A. Times – Business

Email reveals former Salk president’s efforts to discourage gender discrimination suit

August 13, 2018 |

The former president of the Salk Institute discouraged one of her professors from suing for gender discrimination, saying in a private email that legal action could damage the La Jolla science center’s reputation — and suggested it might harm the researcher’s career.

Elizabeth Blackburn, a Nobel…


L.A. Times – Business

Razor President Carlton Calvin can’t stop scheming

August 13, 2018 |

Carlton Calvin is president and co-founder of Razor, a scooter and personal transporter company with 150 employees headquartered in Cerritos.

The toy industry is dominated by fads that seldom last longer than a few months, and it’s Calvin’s job to keep the company relevant. From the foldable Razor…


L.A. Times – Business

Does Uber’s defeat in New York stem from Travis Kalanick’s choices or Dara Khosrowshahi’s?

August 13, 2018 |

Travis Kalanick loyalists experienced some serious schadenfreude this week when Uber Technologies Inc. lost a showdown with New York.

In 2015, Kalanick — Uber’s then-chief executive — scored his most pivotal policy victory in New York when the ride-hailing company faced down Mayor Bill de Blasio…


L.A. Times – Business

U.S. wage growth is getting wiped out by inflation

August 12, 2018 |

U.S. workers’ paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have not kept pace with inflation.

Prices rose 2.9% from July 2017 to July 2018, the Labor Department said, while average hourly pay increased 2.7% in the same period.

The…


L.A. Times – Business

Saudi fund said to be in talks to invest in Tesla buyout deal

August 12, 2018 |

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to people with knowledge of the fund’s plans.

The Public Investment Fund, which has built up a stake just shy…


L.A. Times – Business

Elon Musk’s Tesla tweets are no longer scaring short sellers

August 12, 2018 |

If Elon Musk’s goal was to bury the Tesla short sellers, it hasn’t quite worked out.

As fast as Tesla shares surged after Musk tweeted about taking the company private, they’ve come back down. Mounting skepticism and an inquiry by the Securities and Exchange Commission have erased most of an 11%…


L.A. Times – Business

Death means capital gains take a holiday for heirs selling a house

August 12, 2018 |

Dear Liz: I am in my mid-80s and in declining health. I want to advise my beneficiaries about possible taxation on the sale of my home after I expire. I bought the place in 1995 for $ 152,000. It now has a market value of about $ 400,000. The issue is whether that gain is taxable upon the sale after…


L.A. Times – Business