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| April 21, 2018

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Chinese Tech Giant Tencent Slumps for Second Straight Day

March 24, 2018 |

Tencent Holdings Ltd.’s stock slumped 8% shortly after Hong Kong markets opened Friday, following a 5% drop in the previous session, as investors re-assessed the Chinese tech giant after one of its biggest shareholders was set to sell nearly $ 10 billion worth of its position.
WSJ.com: What’s News Asia

Lose Your Kidney in Venezuela, ‘Go Straight to the Cemetery’

March 3, 2018 |

There’s a literal casualty of Venezuela’s ongoing economic woes: those with kidney problems. Reuters dives into the dire situation that both kidney transplant recipients and those hoping to join their ranks face in the midst of the country’s inability to buy enough drugs from abroad or make enough domestically. USA…
Newser

Stocks Rise for 6th Straight Day

February 17, 2018 |

Stocks ended an up-and-down day mostly higher Friday, capping a week of strong gains that wiped out more than half of the losses suffered in a series of wild swings in early February, the AP reports. The Standard & Poor’s 500 index rose for the sixth day in a row,…
Newser

Tech Leads Stocks to 5th Straight Gain

February 16, 2018 |

A surge in marquee technology companies pushed stocks higher again Thursday on Wall Street, giving the market its fifth gain in a row, the AP reports. The Dow Jones industrial average rose more than 300 points. Big increases from Apple, Microsoft, and Cisco drove the tech sector higher, helping to…
Newser

Anaheim breaks tourism record for fifth straight year with 24.2 million visitors

February 13, 2018 |

A bigger convention center and two popular theme parks helped the city of Anaheim break its tourism record — again.

Anaheim welcomed 24.2 million visitors in 2017, about a 5% increase over the 23 million visitors in the previous year and more than 30% higher than 2012, according to Visit Anaheim,…


L.A. Times – Business

California Inc.: State hopes for a fourth straight month of job gains

January 15, 2018 |

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.

The U.S. stock market is closed Monday for Martin Luther King Jr. Day. When trading resumes…


L.A. Times – Business

PBS Says Tavis Smiley Needs to Get His ‘Story Straight’

December 19, 2017 |

Last week, PBS suspended production of the Tavis Smiley show, citing what it called “credible” and “troubling allegations” of sexual misconduct against its host. This morning Smiley fired back on Good Morning America , and now the longtime partners are embroiled in a war of words. Using investigators from a law…
Newser

Sean Spicer Is Ready to ‘Set the Record Straight’

December 12, 2017 |

He had a short run in the White House, but his “turbulent tenure” was apparently long enough for Sean Spicer to write a book. That’s what Politico reports the former White House press secretary is currently in the midst of doing, with Spicer revealing to Fox News’ Sean Hannity on…
Newser

Sinking energy stocks pull S&P 500 to fourth straight loss

December 6, 2017 |

U.S. stocks took another small step backward on Wednesday after a plunge in the price of oil dragged down shares of energy producers. The losses overshadowed gains for technology companies and other areas of the market.

The Standard & Poor’s 500 index dipped by a fraction of a point, down 0.30…


L.A. Times – Business

Stocks decline for a second straight day, and oil prices fall

November 15, 2017 |

Technology companies led U.S. stocks lower Wednesday, giving the market its biggest loss since early September.

Grocery stores and packaged foods and beverage companies also accounted for much of the decline. Energy stocks fell as the price of crude oil slipped further the day after its biggest…


L.A. Times – Business