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| December 13, 2018

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LA Times Archives - Page 3 of 1283 -

Three myths about the early retirement movement

December 10, 2018 |

People don’t like to be told they can’t have it all. It’s one of the reasons frugality as a way of life is a hard sell.

Enter the followers of the FIRE movement, which stands for financial independence, retire early. They advocate a frugal lifestyle in an effort to save 40% to 50% of their income…


L.A. Times – Business

Carlos Ghosn is said to be indicted in Tokyo as Nissan pay scandal escalates

December 10, 2018 |

Carlos Ghosn was indicted by Japanese prosecutors three weeks after his arrest for allegedly understating his pay at Nissan Motor Co., people familiar with the matter said, while local media reported that the carmaker will also face charges.

The former Nissan chairman will also be re-arrested for…


L.A. Times – Business

This apartment owner makes money by providing affordable homes

December 10, 2018 |

Daryl Carter is founder and chief executive of Avanath Capital Management, an Irvine investment firm that owns nearly 9,000 apartments nationwide — both market-rate and affordable. About 75% of its units have some form of rent restriction, and 40% of residents receive rent subsidies under the federal…


L.A. Times – Business

The stock market’s severe drop: Normal pullback or an ominous sign?

December 9, 2018 |

Last week, it felt like the bottom dropped out of the stock market.

The blue-chip Dow Jones industrial average plunged 4.5% for the week, ending with a 559-point rout Friday that left the index in negative territory for the year.

The benchmark Standard & Poor’s 500 index has fallen into a “correction,”…


L.A. Times – Business

What to consider before becoming an estate executor

December 9, 2018 |

Dear Liz: A lifelong friend has made me executor of his will. He has one brother who is named in the will only to be told that he is not included. My friend’s estate is left to two other lifelong friends. If his brother protests the will, what are my duties or liabilities? Can I be pulled into…


L.A. Times – Business

Pilots of fatal Lion Air flight may have been befuddled by a safety system designed to prevent fatal errors

December 9, 2018 |

Only moments after taking off from Jakarta, the pilots flying Lion Air 610 realized they were losing control of their 737 Max jetliner, the newest, most fuel-efficient and most automated model of Boeing’s mainstay aircraft.

The jetliner unexpectedly pointed its nose down, sending it into a series…


L.A. Times – Business

Wells Fargo says it’s cleaning up. Regulators demand more

December 9, 2018 |

Wells Fargo & Co. says it’s a different bank today than it was two years ago — but it may not be different enough for regulators.

Chief Executive Tim Sloan told investors at a conference Tuesday that the bank aims “not only to meet but exceed regulatory expectations, so that we have the best risk…


L.A. Times – Business

Your face is your passport: American Airlines launches biometric boarding program

December 9, 2018 |

The use of biometrics to identify air travelers is expanding, with the world’s largest airline launching a program that uses facial recognition technology for some fliers at Los Angeles International Airport.

American Airlines has begun using facial recognition cameras on a 90-day test basis to…


L.A. Times – Business

Double amputee war veteran pushes airlines to report on lost and damaged wheelchairs

December 9, 2018 |

U.S. Sen. Tammy Duckworth was serving in Iraq when the Black Hawk helicopter she was co-piloting was shot down in 2004. She sustained massive injuries in the crash, forcing doctors to amputate both legs.

Since then, Duckworth (D-Ill.) has been peeved that airlines have broken two of her wheelchairs…


L.A. Times – Business

Marlboro cigarette maker places a $2.4-billion bet on marijuana

December 8, 2018 |

Altria Group Inc., one of the world’s biggest tobacco companies, is diving into the cannabis market with a $ 2.4-billion buy-in.

The Marlboro cigarette maker is taking a 45% stake in Cronos Group Inc., the Canadian medical and recreational marijuana provider said Friday.

Altria will pay an additional…


L.A. Times – Business