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| October 21, 2017

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LA Times Archives - Page 3 of 1032 -

Power lines and electrical equipment are a leading cause of California wildfires

October 18, 2017 |

The deadliest wildfires in state history have raised questions about whether a repeat culprit might again be to blame for starting or spreading at least some of the Northern California blazes: utility companies and their equipment.

The explosive failure of power lines and other electrical equipment…


L.A. Times – Business

NAFTA talks bog down over U.S. demands as latest round concludes

October 18, 2017 |

No one spoke about walking away from the North American Free Trade Agreement, but such sharp differences have surfaced among negotiators that the U.S., Canada and Mexico agreed to a kind of timeout and are extending talks well into next year.

After wrapping up their latest and most contentious…


L.A. Times – Business

Wells Fargo ordered to repay customers who lost money on complex securities

October 17, 2017 |

An investment industry regulator has ordered Wells Fargo to pay $ 3.4 million to brokerage customers who lost money buying complicated securities that even Wells Fargo brokers didn’t fully understand.

The Financial Industry Regulatory Authority, or Finra, said Monday that some Wells Fargo representatives…


L.A. Times – Business

George Soros has pumped $18 billion into Open Society Foundations, making it a philanthropic giant

October 17, 2017 |

Billionaire George Soros has pumped nearly $ 18 billion into the Open Society Foundations the last several years, turning it into one of the world’s largest philanthropic organizations.

The money comes from the personal wealth of the 87-year-old Soros, Laura Silber, a spokeswoman for the foundation,…


L.A. Times – Business

Healthcare stocks rise, but others fall

October 17, 2017 |

Stocks on Wall Street were off to a mixed start Tuesday as gains for healthcare companies were offset by losses elsewhere in the market.

UnitedHealth Group, the country’s biggest health insurer, rose 3.9% after reporting earnings that beat analysts’ estimates. Johnson & Johnson rose 1.2% after…


L.A. Times – Business

FTC and 11 states crack down on student loan scams

October 17, 2017 |

Federal and state officials have launched the first national crackdown on companies that they say gouge student loan borrowers, accusing the companies of taking more than $ 95 million in illegal fees in recent years and falsely promising debt relief.

The Federal Trade Commission, 11 states and the…


L.A. Times – Business

State Treasurer John Chiang extends sanctions on Wells Fargo for another year

October 17, 2017 |

The state of California will continue its financial sanctions against Wells Fargo for a second year following a string of new disclosures about bad practices at the bank since its sham accounts scandal unfolded.

State Treasurer and gubernatorial candidate John Chiang said Monday that revelations…


L.A. Times – Business

Power plant developer pulls the plug on its natural gas project in Oxnard

October 17, 2017 |

The developer of a proposed natural gas power plant in Ventura County asked state regulators Monday to suspend review of the plans, effectively ending the controversial project.

In response to regulators’ recommendation this month to reject the project, NRG Energy asked the California Energy Commission…


L.A. Times – Business

Nordstrom suspends its plan to go private

October 16, 2017 |

An effort to take Nordstrom Inc. private has halted, at least temporarily.

In June, members of the Nordstrom family — including company co-Presidents Blake, Peter and Erik Nordstrom — said they were thinking about acquiring the approximately 70% of the stock they don’t already own. Going private…


L.A. Times – Business

He was asked to fix a bankrupt airline. Instead, he changed the way we fly

October 16, 2017 |

William Franke, the managing partner of Indigo Partners, helped save America West Airlines and launched the ultra-low-cost carrier in the U.S., a business model that has forced the major carriers to change how they do business.
L.A. Times – Business