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| June 29, 2017

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Nike plans to slash 1,400 jobs and some sneaker styles in company shakeup

June 15, 2017 |

Nike wants to be more nimble on its feet.

The sneaker maker said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus…


L.A. Times – Business

FBI raids controversial DNA testing company in Irvine

June 8, 2017 |

Agents for the Federal Bureau of Investigation on Wednesday morning raided Proove Biosciences, an Irvine company that sells a DNA test it claims can determine whether a patient is at risk of addiction to opioid painkillers.

In a press conference, FBI spokeswoman Cathy Kramer said the raid was part…


L.A. Times – Business

Pot Company Gives New Meaning to Take-and-Bake Pizza

June 8, 2017 |

A Massachusetts medical marijuana dispensary has created a culinary delight for patients who don’t want to smoke their pot or eat it in the form of sweets, the AP reports. Quincy-based Ermont Inc. has been selling cannabis-infused pizza for about three weeks to rave reviews. The 6-inch cheese pizzas sell…
Newser

Ivanka Trump’s Company Applied for Chinese Trademarks Day Before Being Named to White House Post

June 3, 2017 |

One of Ivanka Trump’s companies applied for a wide range of new trademarks in China in March, a day before she was named a White House adviser, according to previously unreported Chinese filings.
WSJ.com: What’s News Asia

Head of Venezuelan State Oil Company PdVSA to Leave Firm

June 3, 2017 |

The head of state-run Petróleos de Venezuela SA, Eulogio del Pino, is leaving the company to run for a special assembly charged with redrafting the country’s constitution, according to a person familiar with the matter.
WSJ.com: US Business

Without this company, L.A. may never have become the world’s doughnut capital

June 2, 2017 |

Ron Ziegler doesn’t remember any fuss over National Doughnut Day when he was running his family business, a major Los Angeles-based supplier of dry mixes, fruit fillings and pink boxes before it was sold 25 years ago.

“We’d never heard of National Doughnut Day when we were in business,” the 80-year-old…


L.A. Times – Business

Company Relocating After Massive Burrito Recall

May 15, 2017 |

A New Mexico company that recalled more than 252,000 pounds of frozen burritos because of possible listeria contamination says it’s relocating. Green Chile Concepts LLC says it will start making food products at its new manufacturing plant starting Monday in a long-planned move. The US Department of Agriculture on…
Newser

Company in Australia Turning IVF Embryos Into Jewelry

May 5, 2017 |

A company in Australia that has been making jewelry and various mementos for parents using actual raw materials from development—think breast milk, hair, the placenta and cord stump—has taken things a step further, and critics are appalled. Baby Bee Hummingbirds, started by midwife Amy McGlade in 2014, was…
Newser

Stocks rally, lifted by company earnings

April 21, 2017 |

U.S. stocks climbed Thursday as industrial companies, banks, technology and materials firms and energy companies all rallied. A strong day of corporate results left investors feeling better about the economy.

For more than a week, investors have been poring through company earnings for signs the…


L.A. Times – Business