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| March 25, 2017

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LA Times Archives - Page 2 of 907 -

Harry Potter ride at Universal Studios Hollywood goes high-def

March 23, 2017 |

Less than four months after Universal Studios Hollywood removed the 3-D feature from its Harry Potter flying simulator ride, the park has upgraded the attraction to include high-definition images of fire-breathing dragons, enchanted trees and evil flying creatures.

The images shown during Harry…


L.A. Times – Business

Stocks open little changed

March 23, 2017 |

Stocks are barely changed as Congress continues to debate healthcare legislation, a key first piece of President Trump’s business-friendly agenda.

Technology companies are down Thursday, giving up some of the previous day’s gains. Alphabet, Google’s parent company, lost 1.6%.

Energy companies are…


L.A. Times – Business

Virgin America will disappear into Alaska Airlines in 2019

March 23, 2017 |

Virgin America, the California-based carrier with the blue mood lighting and high-tech entertainment system, will be fully absorbed by Alaska Airlines by the end of 2019 as Alaska strives to become the West Coast’s dominant airline.

Only three months after Alaska Airlines’ parent company completed…


L.A. Times – Business

Bebe is closing all its stores and focusing online, report says

March 23, 2017 |

Bebe Stores Inc., a mall retailer whose velour tracksuits were once ubiquitous fashion staples, is reportedly closing all its stores and focusing on its online business.

The Brisbane, Calif., company is trying to shut about 170 stores and avoid bankruptcy, according to Bloomberg, which cited unnamed…


L.A. Times – Business

Southern California aerospace and defense contractors expecting boost from Trump budget

March 23, 2017 |

Southern California’s defense industry, long the epicenter for high-flying aerospace technology and advanced weapons for the military, could get a major windfall under President Trump’s proposed new budget.

But the expected spending boom would come at the cost of billions of dollars in federal…


L.A. Times – Business

Sears warns of ‘substantial doubt’ it can survive, but exec touts repair effort

March 22, 2017 |

An executive at Sears and Kmart’s parent company said the distressed retailer remains “a viable business” even though it had warned regulators “substantial doubt exists” that it could keep its doors open amid mounting losses.

Sears Holdings Corp. raised concerns about its ability to continue operations…


L.A. Times – Business

Trump Labor nominee Acosta frustrates Democrats by dodging questions at confirmation hearing

March 22, 2017 |

President Donald Trump’s second nominee for Labor secretary, law school dean R. Alexander Acosta, frustrated Democrats at his Senate confirmation hearing Wednesday by dodging questions about how he would handle some key workplace rules enacted by the Obama administration.

But Acosta, a former Justice…


L.A. Times – Business

Stocks slip further as banks’ dive continues

March 22, 2017 |

U.S. stocks are opening slightly lower Wednesday as banks continue to tumble along with bond yields and interest rates. The losses are being limited by gains in utilities and other relatively high-dividend stocks, which investors tend to favor as a source of income when bond yields are low. Sears…


L.A. Times – Business

Wells Fargo says all its ATMs soon will take smartphone codes, not just cards

March 22, 2017 |

Wells Fargo plans to upgrade all 13,000 of its ATMs next week to enable customers to access their funds using their cellphones instead of traditional bank cards.

The announcement was made by Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday at an employee town hall in Orlando.

Although banks…


L.A. Times – Business

Stocks have their worst day of the year

March 22, 2017 |

U.S. stocks took their biggest loss in five months Tuesday as a healthcare bill backed by President Trump ran into trouble in Congress, which raised some questions about his agenda of faster economic growth spurred by lower taxes and cuts in regulations.

Banks plunged as bond yields continued to…


L.A. Times – Business