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| April 30, 2017

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LA Times Archives - Page 2 of 928 -

Pay for NBCUniversal CEO Steve Burke soars to $46 million, among corporate America’s highest

April 29, 2017 |

NBCUniversal Chief Executive Steve Burke received $ 46 million in compensation last year, boosted by $ 10 million of stock options granted in a new employment agreement.

Burke’s 2016 pay package, a 37% increase over the previous year, makes him one of the highest-paid executives in corporate America.


L.A. Times – Business

Stocks slip Friday, but it’s still a winning week

April 28, 2017 |

U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street.

The Nasdaq composite index narrowly missed its fourth record-high close this week, though all the major indexes still notched weekly gains.

Phone companies, banks and materials stocks were among the…


L.A. Times – Business

SpaceX set to launch a national security satellite early Sunday morning

April 28, 2017 |

SpaceX is set to launch a payload Sunday morning for the National Reconnaissance Office in one of the company’s earliest tests as a national security launch provider.

The spy satellite, known as NROL-76, will launch on a Falcon 9 rocket from Pad 39A at Kennedy Space Center in Florida. The two-hour…


L.A. Times – Business

Historic Fine Arts Building in downtown L.A. sold for premium price of $43 million

April 28, 2017 |

The historic Fine Arts Building, a downtown Los Angeles landmark, sold this week for about $ 43 million in a sign that the financial district is on the upswing in popularity among tenants and investors.

The richly embellished office tower at 811 W. 7th St. was purchased by Santa Barbara investment…


L.A. Times – Business

He’s covered, he makes his payments and his insurer still drags its feet

April 28, 2017 |

Most attention on the healthcare front has been focused on Republicans’ single-minded efforts to eviscerate Obamacare. Largely overlooked has been the frustration Americans with employer-based coverage often face in dealing with tight-fisted insurers.

For the roughly 150 million workers and family…


L.A. Times – Business

United Airlines reaches ‘amicable’ settlement with passenger dragged from a plane

April 28, 2017 |

United Airlines has settled with Dr. David Dao over the injuries he received when he was dragged off one of the airline’s planes this month, a dramatic incident that has forced policy changes at United and rival carriers.

Under the terms reached by the airline and Dao, the amount of the settlement…


L.A. Times – Business

Federal regulator ratchets up effort to regulate tribal lenders, suing four in California

April 28, 2017 |

The Consumer Financial Protection Bureau launched another salvo Thursday in its battle against the tribal lending industry, which has claimed it’s not subject to regulation by the agency.

The federal regulator sued four online lenders affiliated with a Native American tribe in Northern California,…


L.A. Times – Business

It’s legal to pay women less than men based on past salaries, court rules

April 27, 2017 |

Employers can legally pay women less than men for the same work based on differences in the workers’ previous salaries, a federal appeals court ruled Thursday.

The decision by the 9th U.S. Circuit Court of Appeals overturned a lower-court ruling saying pay differences based exclusively on prior…


L.A. Times – Business

How Trump’s tax plan could affect ordinary taxpayers

April 27, 2017 |

President Trump’s tax reform plan could lead to lower tax bills for many ordinary taxpayers but also eliminate many of the tax deductions that Americans currently claim.
L.A. Times – Business

Stocks edge higher in early trading

April 27, 2017 |

Stocks are edging higher in early trading on Wall Street as investors pore over a large batch of company earnings reports.

Comcast and Union Pacific rose early Thursday after reporting their earnings, while United Parcel Service and Southwest Airlines fell.

The Standard & Poor’s 500 index was up…


L.A. Times – Business