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| June 17, 2019

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LA Times Archives - Page 3 of 1393 -

Tyson’s answer to the fake-meat craze: A burger that’s half beef, half pea

June 13, 2019 |

Tyson Foods Inc., the biggest U.S. meat processor, wants in on the veggie protein market that’s hot with consumers and investors alike.

The meat giant is aiming to satisfy demands of “flexitarians,” a rapidly growing segment of people who eat meat but are cutting back and adding more vegetable-based…


L.A. Times – Business

California cities lead the U.S. in inflation. Housing costs are a big reason why

June 13, 2019 |

Nationally, consumer prices are barely moving, with inflation clocking in at just 1.8% for May. But if you live in a major urban area of California, you’ve noticed a much bigger hit.

Among the chief culprits? Housing costs.

The U.S. Bureau of Labor Statistics reported Wednesday that a handful of…


L.A. Times – Business

CrowdStrike soars in its stock market debut as tech IPOs rush ahead

June 13, 2019 |

Software maker CrowdStrike Holdings Inc. soared in its trading debut Wednesday after raising $ 612 million in one of the biggest-ever initial public offerings for a cybersecurity company.

Shares opened at $ 63.50 and rose as high as $ 67 — up as much as 97% from their $ 34 IPO price. The shares ended…


L.A. Times – Business

Uber, Lyft say making drivers employees would ‘pose a risk to our businesses’

June 13, 2019 |

Uber and Lyft launched a public campaign Wednesday to pressure California lawmakers and Gov. Gavin Newsom into exempting them from pending legislation that would force them to classify drivers as employees.

The ride-hailing giants have lobbied behind the scenes for months, arguing that their drivers…


L.A. Times – Business

California reveals it’s investigating gender-discrimination claims at Riot Games

June 13, 2019 |

The scrutiny of Riot Games Inc. over allegations of gender discrimination and sexual harassment at the “League of Legends” video-game maker grew wider Wednesday: California regulators revealed they’re investigating the matter as well.

The state Department of Fair Employment and Housing, the agency…


L.A. Times – Business

Banks and tech stocks drag market to a modest loss

June 12, 2019 |

Stocks on Wall Street closed modestly lower Wednesday, handing the market its second straight loss.

Banks and technology companies accounted for much of the slide as investors shifted money into U.S. bonds, precious metals and other holdings considered havens after more than a week of aggressive…


L.A. Times – Business

Zuckerberg knew of ‘problematic’ privacy practices, report says

June 12, 2019 |

Facebook Inc. uncovered emails that seem to show Chief Executive Mark Zuckerberg was aware of potentially problematic privacy practices at the company, the Wall Street Journal reported, citing people familiar with the matter.

The social media giant discovered the emails in the process of responding…


L.A. Times – Business

Slack’s stock market debut may value the workplace chat app at $17 billion

June 12, 2019 |

Slack Technologies Inc. is expected to be valued by investors at $ 16 billion to $ 17 billion when it lists its shares publicly next week, according to people familiar with the matter.

That valuation is roughly based on the workplace chat and collaboration software company’s projected revenue and…


L.A. Times – Business

Apple’s U.S. iPhones can be made outside China if necessary, Foxconn says

June 12, 2019 |

Apple Inc. has a backup plan if the U.S.-China trade war gets out of hand.

The Cupertino, Calif., company’s primary manufacturing partner has enough capacity to make all iPhones bound for the U.S. outside China if necessary, according to a senior executive at Hon Hai Precision Industry Co. The…


L.A. Times – Business

California and other states sue to stop Sprint and T-Mobile from merging

June 12, 2019 |

A group of state attorneys general led by New York and California filed a federal lawsuit Tuesday to block T-Mobile’s $ 26.5-billion bid for Sprint, saying the merger would harm consumers.

The state attorneys general say combining the companies would hurt competition and drive up prices for cellphone…


L.A. Times – Business