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| March 25, 2017

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What we know about the electronics restrictions on some foreign flights

March 22, 2017 |

Travelers from several Muslim-majority countries found out Tuesday that they won’t be allowed to bring most electronic devices into the cabin on direct flights to Britain, which issued a directive similar to the one sent Monday by U.S. officials to nine foreign airlines.

U.S. and British authorities…


L.A. Times – Business

Andy Puzder is stepping down as CEO of Carl’s Jr. parent firm CKE

March 21, 2017 |

Fast-food executive Andy Puzder, whose bid to become Labor secretary collapsed last month, is stepping down as chief executive of Carl’s Jr. parent CKE Restaurants.

Taking over the reins at CKE will be Jason Marker, a fast-food veteran who has served as president of Kentucky Fried Chicken. Marker…


L.A. Times – Business

Delta Air Lines move is the latest in carrier shuffle at LAX

March 21, 2017 |

If Los Angeles International Airport already feels like a confusing mess to navigate, you may want to stay clear in mid-May.

That is when Delta Air Lines will move its operations from Terminals 5 and 6 to Terminals 2 and 3, forcing 21 other carriers to relocate during what is expected to be a hectic…


L.A. Times – Business

Los Angeles top choice in the country for international real estate investors

March 21, 2017 |

Los Angeles is in a sweet spot in its real estate cycle that will make it one of the top choices in the world for buying property this year, a new report says.

The L.A. area ranked number one in North America in a survey of global real estate investors who have a combined total of $ 1.7 trillion…


L.A. Times – Business

Bitter pill to swallow: Less FDA oversight of supplements seems likely

March 21, 2017 |

The Food and Drug Administration last week shut shut down several Colorado dietary-supplement companies that it said were selling “misbranded and adulterated” products that wrongly purported to treat “high cholesterol, hypertension, diabetes, depression and muscle pain.”

The agency said violations…


L.A. Times – Business

Ryan predicts House will pass Obamacare repeal, but with changes to help older consumers

March 21, 2017 |

House Speaker Paul D. Ryan on Sunday said he felt “very good” about the chances that the House would pass the Republicans’ healthcare bill, even as changes were being made to lure votes, such as providing more assistance for older Americans.

“We’re still having conversations with our members,”…


L.A. Times – Business

Uber president quits after six months on the job

March 21, 2017 |

Jeff Jones, the president of the embattled ride-hailing company Uber, has resigned just six months after taking the job, the company confirmed Sunday.

In a brief statement, Uber didn’t say why Jones left. “We want to thank Jeff for his six months at the company and wish him all the best,” the statement…


L.A. Times – Business

Fashion brands — including several L.A. retailers — are dying off as consumer habits change

March 20, 2017 |

American Apparel bit the dust. So did Nasty Gal. BCBG Max Azria filed for bankruptcy, along with teen retailer Wet Seal.

The fashion industry has long been a fickle beast, with trends rising and dying sometimes in the space of weeks. But changing consumer habits — including the emergence of e-commerce…


L.A. Times – Business

Don’t trust the list prices on Amazon, Consumer Watchdog says

March 20, 2017 |

After a barrage of lawsuits directed at the online shopping industry, it appeared Amazon Inc. was starting to phase out list pricing, a controversial practice accused of deceptively inflating how much consumers save through the e-commerce giant.

But a study commissioned by Consumer Watchdog finds…


L.A. Times – Business

California Inc.: Mayor Garcetti to lay out future of Los Angeles

March 20, 2017 |

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.

Where are job openings these days? Try down on the farm, where pay is rising well past…


L.A. Times – Business