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| November 18, 2017

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Billionaire CEO Joe Ricketts shuts down DNAinfo and Gothamist, including Los Angeles operations

November 6, 2017 |

DNAinfo, the 8-year-old hyperlocal news website, abruptly shut down Thursday afternoon and ended operations of related sites, including LAist.

Joe Ricketts, chief executive officer of DNAinfo and recently acquired Gothamist, announced the decision in an online letter to readers.

“I’ve made the…

L.A. Times – Business

National Park Service considers fee hike of up to 180% for most popular parks, including Yosemite

October 25, 2017 |

To raise funding for maintenance and repairs, the National Park Service said Tuesday it is considering raising vehicle entrance fees by up to 180% at the nation’s most popular parks during the peak visiting season.

Under the plan to raise funding to fix roads, bridges, campgrounds and bathrooms,…

L.A. Times – Business

8 People, Including Child, Stabbed in Munich Knife Attack

October 21, 2017 |

A man with a knife attacked eight people in Munich on Saturday and then fled, police said. The suspected assailant, a local German already known to police for theft and other offenses, was arrested a few hours later, the AP reports. No one was seriously hurt in the attack that…

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

2 Inmates, Including Murderer, Escape Mississippi Prison

September 18, 2017 |

Two inmates, including a convicted murderer, have escaped from Mississippi’s largest prison, the AP reports. Officials say the escapees are armed and dangerous. The Mississippi Department of Corrections said Monday that 41-year-old James Sanders and 22-year-old Ryan Young broke out from the Mississippi State Penitentiary at Parchman. Corrections officials believe…

4 Shot Dead in Car in Chicago, Including Pregnant Woman

September 17, 2017 |

Chicago police say four people were shot and killed while sitting in a car, including a woman who investigators believe was pregnant. Police say the attack happened Friday night on the city’s southwest side in Brighton Park, when one or more people in an SUV opened fire on the car,…

Tenet Healthcare Exploring Options Including Possible Sale

September 14, 2017 |

Tenet Healthcare, facing shareholder-activist pressure, is exploring strategic options including a possible sale of the big hospital company. US Business

Senate committee approves two key banking regulators, including one for short-handed Fed

September 11, 2017 |

A Senate committee on Thursday approved two of President Trump’s choices for key financial regulatory posts, including one for the short-handed Federal Reserve board, despite concerns from Democrats that the nominees were too close to the industry.

Investment fund manager Randal Quarles has been…

L.A. Times – Business

Sears will close 28 more Kmart stores, including four in California

August 28, 2017 |

Sears Holdings Corp. said Thursday that it will close 28 additional Kmart stores nationwide, including four in California, as the retailer continues to struggle with declining sales.

All 28 of the stores, except one in Florida, will close in mid-November, with liquidation sales coming as early…

L.A. Times – Business