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| December 13, 2018

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LA Times Archives - Page 2 of 1283 -

Trump says he would intervene in Huawei executive’s case in order to secure China trade deal

December 12, 2018 |

President Trump said he would intervene in the case of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou if it would help win a trade deal with China.

“If I think it’s good for what will be certainly the largest trade deal ever made — which is a very important thing — what’s good for…


L.A. Times – Business

New CFPB Director Kathy Kraninger says she won’t be a clone of Mick Mulvaney

December 11, 2018 |

On her first full day leading the Consumer Financial Protection Bureau, Kathy Kraninger said she won’t be a clone of Mick Mulvaney, the controversial acting director who she replaced in the powerful regulatory position.

To underscore that point, the former White House aide said she would even reconsider…


L.A. Times – Business

Stocks go on another dizzying ride: Up, down and back again

December 11, 2018 |

U.S. stock indexes veered through another dizzying cycle Tuesday, shooting to big gains early in the morning, then falling to modest losses. By midsession, indexes were mixed.

It’s just the latest in a series of sharp turns in direction for the market, which has lurched up and mostly down since…


L.A. Times – Business

Zillow will buy your home directly. And it just brought the service to Southern California

December 11, 2018 |

Selling your home can be a headache. There’s the real estate agent to find, the open houses to hold, the bids to weigh. And then, at the very end, there’s the wait for something that may not even happen: financing.

A growing number of companies are looking to simplify and speed the process. Zillow,…


L.A. Times – Business

Hotel workers ready to strike as early as Wednesday in Southern California

December 11, 2018 |

About two dozen Southern California hotels could be hit with a strike as early as Wednesday, as 7,500 local workers try to exercise their union’s growing muscle, built through a series of successful strikes against hotels this year around the nation.

Members of Unite Here Local 11 in Los Angeles…


L.A. Times – Business

Google CEO backs privacy law, denies bias in remarks to Congress

December 11, 2018 |

Google Chief Executive Sundar Pichai backed privacy legislation and denied the company is politically biased, according to a transcript of testimony he plans to deliver to Congress on Tuesday.

“I lead this company without political bias and work to ensure that our products continue to operate that…


L.A. Times – Business

Canadian judge signals he is not sure Huawei executive should be granted bail

December 11, 2018 |

A Canadian judge signaled Monday that he wasn’t satisfied that the bail conditions sought by jailed Huawei Technologies Co. Chief Financial Officer Meng Wanzhou would prevent the executive from fleeing to China.

In a case that’s being closely followed on both sides of the Pacific, Justice William…


L.A. Times – Business

GoPro will move some manufacturing out of China to avoid tariffs — but it’s not promising U.S. jobs

December 10, 2018 |

GoPro Inc. will move most of its U.S.-bound camera production out of China by summer, becoming one of the first brand-name electronics makers to take such action to minimize the impact of the U.S.-China trade war.

“Today’s geopolitical business environment requires agility,” GoPro Chief Financial…


L.A. Times – Business

Qualcomm says it has won a ban on sale of some iPhones in China

December 10, 2018 |

Qualcomm Inc. says it has won a ruling in China against Apple Inc. that bans the sale of several iPhone models in that country.

The Fuzhou Intermediate People’s Court ruled that Apple was infringing on two Qualcomm patents and issued injunctions against the sale of the iPhone 6S, iPhone 6S Plus,…


L.A. Times – Business

How this veteran’s company found profits in Trump-era patriotism and polarization

December 10, 2018 |

The origins of Tyler Merritt’s bestselling product this Christmas season date to the fall, when Nike launched an ad campaign featuring National Football League quarterback Colin Kaepernick.

Kaepernick’s decision to kneel during the national anthem to protest the treatment of black Americans by…


L.A. Times – Business