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| February 23, 2019

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LA Times Archives - Page 3 of 1325 -

Stock indexes edge up, and Walmart jumps after posting strong earnings

February 20, 2019 |

Stocks shook off an early wobble on Wall Street on Tuesday, finishing modestly higher and extending the market’s gains into a fourth week.

Solid earnings from Walmart encouraged investors to bid up other retailers and consumer goods companies. Communication services firms, banks and home builders…


L.A. Times – Business

Beware of buying young people’s blood to prevent aging, FDA says

February 19, 2019 |

Taking a young person’s blood plasma and infusing it into an older person to ward off aging — a therapy that’s fascinated some of the biggest names in Silicon Valley — has no proven clinical benefit, the Food and Drug Administration said.

The agency issued a safety alert Tuesday about the infusion…


L.A. Times – Business

Self-driving cars could end auto insurance as we know it

February 19, 2019 |

Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago — until he called his insurance company and found out how much his premiums would rise.

“They quoted me $ 10,000 a year,” Peate recalled.

For all the concern over accidents…


L.A. Times – Business

Swarming attack drones could soon be real weapons for the military

February 19, 2019 |

Swarms of small attack drones that confuse and overwhelm antiaircraft defenses could soon become an important part of the modern military arsenal, Britain’s defense secretary said, something that would mark a major evolution in robot-enabled warfare.

Speaking at the Royal United Services Institute…


L.A. Times – Business

‘Digital gangsters’: U.K. wants tougher rules for Facebook

February 19, 2019 |

British lawmakers issued a scathing report Monday that calls for tougher rules to keep Facebook and other tech firms from acting like “digital gangsters” and intentionally violating data privacy and competition laws.

The report on fake news and disinformation on social media sites followed an 18-month…


L.A. Times – Business

Mexico factory owners plead for president to intervene in border strikes

February 19, 2019 |

A group representing maquiladora owners is calling on President Andres Manuel Lopez Obrador to intervene in widespread strikes that followed his decree to double minimum wages at the Mexican border with the U.S.

Index, as the group is known, published full-page newspaper ads and took to Twitter…


L.A. Times – Business

Ghosn readies counterpunch in Nissan fight, with new ‘all-star’ defense team

February 19, 2019 |

Can Carlos Ghosn beat the rap?

With a trial looming this year on charges of aggravated breach of trust and filing false statements to regulators regarding $ 80 million in deferred income, the former chairman of Nissan Motor Co. and Renault SA needs a new strategy. He’s lost two requests for bail…


L.A. Times – Business

China accuses U.S. of trying to block its tech development

February 18, 2019 |

China’s government on Monday accused the United States of trying to block its industrial development by alleging that Chinese mobile network gear poses a cybersecurity threat to countries rolling out new internet systems.

And in a potential blow to the U.S. effort to rally its allies on the issue,…


L.A. Times – Business

California Inc.: For some Apple contractors, it’s survival of the fittest

February 18, 2019 |

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week.

Wall Street closed Friday on a high note amid renewed optimism about a trade deal with…


L.A. Times – Business

A billion-dollar empire made from mobile homes

February 18, 2019 |

It’s not fancy. But in the exurbs of Nashville stands part of a billion-dollar real estate empire.

The Florence Commons community consists of about 300 mobile homes of varying vintages, mostly single-wide, many valued at less than $ 30,000 apiece, set 20 feet apart from one another. The occupants…


L.A. Times – Business