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| October 22, 2017

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SeaWorld cuts 350 jobs, including 79 in California

October 19, 2017 |

SeaWorld Entertainment Inc., which has struggled with declining attendance, said Wednesday that it is cutting 350 positions.

The company is laying off people and not refilling open positions across the company, although the cuts primarily affect its corporate headquarters in Orlando, Fla., and…


L.A. Times – Business

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

California Inc.: Deadline looms to ask Amazon to prom — er, bid for new HQ

October 16, 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.

Investors on Monday will feel a tailwind from Friday’s announcement that consumers increased…


L.A. Times – Business

Will tourists return to wine country after the Northern California fires?

October 15, 2017 |

Most vineyards and wineries in Northern California’s wine country have been spared by several days of firestorms, but it isn’t clear yet whether the nearly 24 million tourists who visit the region each year will want to return to charred hillsides.

Tourism officials remain optimistic, saying huge…


L.A. Times – Business

How will the California fires impact wine?

October 14, 2017 |

No, the wine year has not been ruined by fire and smoke
L.A. Times – Business

Effect of Trump’s Obamacare subsidy cuts is blunted in California — for now

October 14, 2017 |

Unable to get Congress to “repeal and replace” the Affordable Care Act, President Trump this week took matters into his own hands.

Late Thursday evening, the White House announced it would stop paying key subsidies, known as “cost-sharing reductions,” that compensate insurers for providing discounts…


L.A. Times – Business

In Midst of California Fire Wreckage, an Eerie Sight

October 13, 2017 |

The wildfires raging in California have killed at least 31 people and destroyed thousands of businesses and homes, including that of Peanuts creator Charles Schulz . The Washington Post reports that the death toll has reached “historically grim heights,” with entire neighborhoods gutted and authorities facing the gruesome task of trying…
Newser

Charles Schulz’s Home Destroyed in California Inferno

October 13, 2017 |

The home of Peanuts creator Charles Schulz burned to the ground in the deadly California wildfires, but his widow escaped, her stepson said Thursday. Jean Schulz, 78, evacuated before flames engulfed her hillside home Monday and is staying with a daughter, Monte Schulz says. The Schulzes built the split-level home…
Newser

Anthem eases up on 2018 health insurance premium hikes after pressure from California

October 12, 2017 |

Insurance giant Anthem Blue Cross agreed to reduce two planned premium increases for 2018 after California regulators questioned the company’s rationale for raising rates by as much as it had initially proposed.

The scaled-back rate hikes, in the individual and small-employer markets, will reduce…


L.A. Times – Business

California Wildfires Set to Get Even Worse

October 12, 2017 |

Wildfires already well on their way to becoming the deadliest and most destructive in California history could gain momentum Thursday and erase even the modest gains firefighters have made. Steady winds with gusts up to 45mph with nearly non-existent humidity are expected to descend on the areas north of San…
Newser