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| June 23, 2018

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LA Times Archives - Page 2 of 1179 -

Americans with disabilities are finding new leverage in a tight job market

June 22, 2018 |

Colton Channon needed just 90 minutes each day.

Every morning for about a month, in training designed for him, the high school senior with an intellectual disability practiced making steel brackets for trucks at a Des Moines factory. The skill took more than a few tries to master. But his co-workers,…


L.A. Times – Business

Big banks pass first part of U.S. stress tests

June 21, 2018 |

Big banks cleared the first hurdle of this year’s U.S. stress tests: The Federal Reserve found all 35 lenders examined could withstand a severe economic downturn, though Goldman Sachs Group Inc. trailed the rest of Wall Street in a key measure of leverage.

The results announced Thursday mark the…


L.A. Times – Business

Southern California home prices hit another record

June 21, 2018 |

Southern California home prices rose 8.2% in May from a year earlier, sending the median to another all-time high of $ 530,000, according to a report released Thursday from CoreLogic.

The sharp gain in the median price came as the number of sales across the six-county region fell 3.4% from a year…


L.A. Times – Business

Intel CEO Brian Krzanich resigns after relationship with employee

June 21, 2018 |

Brian Krzanich abruptly resigned as chief executive of Intel Corp. on Thursday after the giant chip maker found that he had a past consensual relationship with an Intel employee that violated the company’s policies.

Robert Swan, Intel’s chief financial officer, was named interim CEO while the company…


L.A. Times – Business

For a day, I was one of the millions of Americans without a bank account. It was humbling

June 21, 2018 |

Two and a half miles of walking, two failed attempts to cash a $ 15 check, one toy left behind at a checkout counter and $ 14 in fees for financial transactions that ordinarily wouldn’t cost me a dime.

That was my tally after a recent, frustrating morning in Hollywood spent standing in lines, filling…


L.A. Times – Business

Workers at Trump golf course and Terranea resort file lawsuit over ‘panic button’ ballot measure

June 21, 2018 |

A petition drive to force the exclusive Terranea Resort and nearby Trump National Golf Club to provide employees with panic buttons and wage increases is now the subject of a lawsuit alleging that the city of Rancho Palos Verdes is refusing to put the measure on the ballot.

The Los Angeles County…


L.A. Times – Business

$450-million office, housing and retail complex underway on Vine in Hollywood

June 21, 2018 |

A block in Hollywood once slated to hold a museum dedicated to the Academy Awards is being transformed into a spacious $ 450-million campus of offices, apartments and stores.

Kilroy Realty Corp. has broken ground on Academy on Vine, a long-anticipated project on 3.5 acres just south of the ArcLight…


L.A. Times – Business

China’s Xi can make life tough for U.S. companies, from Apple to Walmart

June 20, 2018 |

China doesn’t import enough from the U.S. to match President Trump’s tariffs dollar for dollar, but President Xi Jinping can still retaliate by squeezing American companies in other ways.

American businesses including Apple Inc., Walmart Inc., Boeing Co. and General Motors Co. all operate in China…


L.A. Times – Business

Amazon, JPMorgan and Berkshire Hathaway pick CEO for joint healthcare venture

June 20, 2018 |

Dr. Atul Gawande, a surgeon and bestselling author, has been named chief executive of a venture sponsored by Amazon.com Inc., JPMorgan Chase & Co. and Warren Buffett’s Berkshire Hathaway Inc. that aims to bring down those three firms’ healthcare costs.

The companies announced the appointment Wednesday…


L.A. Times – Business

Stocks rise, led by tech shares, as U.S.-China trade fears ease

June 20, 2018 |

U.S. stocks are mostly higher Wednesday morning as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Technology companies and banks are making some of the largest gains. 21st Century Fox is jumping after it agreed to a new deal with Disney,…


L.A. Times – Business