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| June 23, 2018

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LA Times Archives - Page 3 of 1179 -

Bills headed for state Senate would put limits on payday, auto-title lending

June 20, 2018 |

State legislators killed a bill that would have reshaped much of California’s consumer lending market, but two more-modest bills made it through the state Assembly and now move on to the Senate.

One would stop borrowers from taking out more than one payday loan at a time; another would cap interest…


L.A. Times – Business

Anaheim City Council votes to put ‘living wage’ initiative on its November ballot

June 20, 2018 |

After emotional statements from Disneyland workers and Anaheim business owners, a divided Anaheim City Council voted Tuesday to put on its November ballot a measure that would require hospitality operations that accept a city subsidy to pay a “living wage.”

The council narrowly rejected a proposal…


L.A. Times – Business

Tech CEOs voice opposition to family separations at the border

June 20, 2018 |

Tech heavyweights from Apple Inc. Chief Executive Tim Cook to Facebook Inc. boss Mark Zuckerberg joined a chorus of Americans denouncing the Trump administration’s policy of separating children in the U.S. illegally from their families at the border. But it’s unclear whether the industry has any…


L.A. Times – Business

Dow Jones industrial average is dumping General Electric and adding Walgreens

June 19, 2018 |

General Electric Co., its stock gutted as management struggled with a slump that wiped $ 120 billion from its value, suffered a crowning ignominy Tuesday as overseers of the Dow Jones industrial average kicked the company out of the stock gauge it has inhabited for more than a century.

The onetime…


L.A. Times – Business

Verizon and AT&T vow to stop selling cellphone location data to brokers

June 19, 2018 |

Verizon and AT&T have pledged to stop providing information on phone owners’ locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy.

The data has apparently allowed outside companies to pinpoint the location of wireless devices without…


L.A. Times – Business

CFPB nominee Kathy Kraninger faces questions on her role in ‘zero tolerance’ immigration policy

June 19, 2018 |

Two Senate Democrats want to know what role Kathy Kraninger, who is President Trump’s choice to lead the Consumer Financial Protection Bureau, played in the administration’s “zero tolerance” immigration policy as a White House aide.

Kraninger oversees the budgets for the Department of Homeland…


L.A. Times – Business

American Airlines agrees to pay $45 million to settle antitrust lawsuit filed by passengers

June 19, 2018 |

American Airlines, the world’s largest carrier, has agreed to pay $ 45 million to settle a lawsuit filed by passengers who accused the nation’s biggest airlines of colluding to limit capacity and keep airfares high.

Another large carrier that was accused in the lawsuit, Southwest Airlines, agreed…


L.A. Times – Business

Critics say CFPB nominee Kathy Kraninger lacks the experience to be the nation’s top consumer financial watchdog

June 19, 2018 |

Nominees for top federal financial regulators usually have worked in high-level government or private-sector jobs, and President Trump had been following that traditional playbook. Until his latest pick.

His choice for comptroller of the currency was chief executive of Pasadena’s OneWest Bank;…


L.A. Times – Business

Trump threatens to slap tariffs on an additional $200 billion in Chinese goods, raising trade tensions

June 19, 2018 |

President Trump, moving to amp up pressure on China to make trade concessions, threatened late Monday to impose tariffs on an additional $ 200 billion in Chinese imports and to double that amount if Beijing retaliates with countermeasures.

Trump’s announcement marks the latest escalation of a brewing…


L.A. Times – Business

Stocks recover from sharp early drop, finishing mixed

June 18, 2018 |

U.S. stocks shrugged off early losses and wound up with a mixed finish Monday. Household goods companies took some of the worst losses as the Standard & Poor’s 500 index fell for the third time in four days.

The S&P 500 dropped as much as 22 points early in the day. Consumer products and packaged…


L.A. Times – Business