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| August 21, 2017

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LA Times Archives - Page 3 of 996 -

Stocks slide again as industrial companies and banks drop

August 18, 2017 |

U.S. stocks continued to skid Friday morning as industrial companies fell after a weak report from farm equipment giant Deere. Banks were down as bond yields continue to slide, and sporting goods companies continued to take sharp losses — investors did not like what they heard from Foot Locker…


L.A. Times – Business

It shouldn’t take generous strangers to help patients cope with drug prices

August 18, 2017 |

The inherent goodness of people was made clear this week when a pair of readers offered to pay for a 75-year-old Encino man’s prescription meds after the drug maker imposed a $ 1,100 deductible to be eligible for financial assistance.

Meanwhile, the warped priorities of our for-profit healthcare…


L.A. Times – Business

Cyberattack cost Maersk as much as $300 million and disrupted operations for 2 weeks

August 18, 2017 |

A June cyberattack that snarled shipping terminal operations worldwide — and briefly shut down the Port of Los Angeles’ largest cargo terminal — has cost the Danish shipping giant A.P. Moller-Maersk $ 200 million to $ 300 million, the company said this week.

The unprecedented attack forced workers…


L.A. Times – Business

Power grid operator offers alternatives to natural gas plant but at higher cost

August 18, 2017 |

The manager of California’s electric grid told state regulators that clean energy could be substituted for a proposed natural gas plant in Ventura County but at a higher cost.

A 46-page report issued late Wednesday by the California Independent System Operator offered three alternatives to building…


L.A. Times – Business

Noise curfew rules proposed at Long Beach Airport could mean trouble for JetBlue

August 17, 2017 |

JetBlue Airways, the busiest carrier at Long Beach Airport, has violated the city’s noise curfew so often this year that if a proposed noise crackdown is adopted, the New York-based carrier could face being shut out of the airport.

Violations of the city’s noise curfew have increased so much in…


L.A. Times – Business

How to get a star on the Hollywood Walk of Fame? Talent — and cash

August 17, 2017 |

Anyone can nominate a celebrity for inclusion on the Walk of Fame. Then it’s up to the Hollywood Chamber of Commerce, which oversees the starry honors, to decide who gets to join the club.
L.A. Times – Business

Stocks open slightly lower on Wall Street

August 17, 2017 |

U.S. stocks are lower Thursday morning as quarterly reports from big names such as Wal-Mart and technology bellwether Cisco Systems fail to excite investors. Most industries are slipping, with some of the biggest losses going to technology and industrial companies, retailers and banks. After dramatic…


L.A. Times – Business

As Wal-Mart snaps up trendy e-commerce sites, it risks alienating the cool kids

August 17, 2017 |

At the height of their love affair, Bridget Henry visited online clothing store ModCloth’s app every day. It wasn’t just the clothes with a vintage and quirky vibe that the 26-year-old liked, it was the story.

Founded by high school sweethearts in a college dorm room, the San Francisco company had…


L.A. Times – Business

Beverly Hills developer accused of defrauding investors will pay millions to settle case with SEC

August 17, 2017 |

Jay Belson, a developer of extravagant mansions in the Los Angeles area, has reached a settlement with the U.S. Securities and Exchange Commission over allegations he defrauded investors of more than $ 2 million.

In a court filing last week, the SEC alleged that between January 2011 and June 2016,…


L.A. Times – Business

Stocks eke out gain after retailers post stronger-than-expected earnings

August 17, 2017 |

U.S. stocks rose slightly Wednesday as Urban Outfitters and Target helped retailers rally. That was enough to overcome losses by energy companies and market turbulence stirred up by the controversy over President Trump’s manufacturing council.

Urban Outfitters and Target did better in the second…


L.A. Times – Business