Los Angeles business news

Facebook's CFO to Step Down as Earnings Soar
Photo: Kevork Djansezian/Getty...

Facebook's CFO to Step Down as Earnings Soar

Facebook says its finance chief, David Ebersman, is leaving on June 1 after five years. He'll be replaced by David Wehner, currently vice president of corporate finance and business planning. Facebook's first-quarter earnings and revenue grew sharply, surpassing Wall Street's... Read »

Apr 23, 2014
GM Fined $7,000 a Day for Missing Deadline: Gov't

GM Fined $7,000 a Day for Missing Deadline: Gov't

A government safety agency is fining General Motors $7,000 a day, saying the company failed to fully respond to its... Read »

Apr 9, 2014
GM to Recall Another 1.5M Cars for Power Steering

GM to Recall Another 1.5M Cars for Power Steering

General Motors Co. said Monday it is recalling 1.5 million vehicles worldwide because the electronic power-steering... Read »

Apr 1, 2014
Beef Prices Reach Record Highs

Beef Prices Reach Record Highs

Economists are expecting grocery prices to rise modestly in 2014, especially in the meat aisle, where beef prices... Read »

Mar 31, 2014
Bad News for Amazon Prime Members

Bad News for Amazon Prime Members

If you've ever wanted to sign up for Amazon Prime, you have a week to do so before a big price hike takes... Read »

Mar 13, 2014
Dove Pulls Plug on

Dove Pulls Plug on "Armpit of America" Billboard in NJ

Dove is learning the hard way that New Jersey residents don't appreciate being referred to as "The Armpit of... Watch »

Mar 5, 2014
McDonald's Eyes Extending Breakfast Hours

McDonald's Eyes Extending Breakfast Hours

Fans of the Egg McMuffin and Sausage Biscuit have long wanted the option to get breakfast at McDonald's after 10:30... Read »

Feb 24, 2014
Comcast to Buy Time Warner Cable: CNBC Sources

Comcast to Buy Time Warner Cable: CNBC Sources

Comcast is getting ready to buy Time Warner Cable in an all-stock deal worth $159 per Time Warner Cable share,... Read »

Feb 12, 2014
United Airlines Drops Cleveland as Hub Airport

United Airlines Drops Cleveland as Hub Airport

The company's CEO Jeff Smisek announced in a letter to employees that the airline will no longer use Cleveland to... Read »

Feb 3, 2014
Target Says Hackers Stole Credentials From Vendor

Target Says Hackers Stole Credentials From Vendor

Target said Wednesday that the cyber criminals who breached its system used credentials they stole from one of... Read »

Jan 29, 2014
Sales, Discounts Soar on Big TVs Before Super Bowl

Sales, Discounts Soar on Big TVs Before Super Bowl

A survey by FatWallet.com shows 30-percent of Americans are planning to buy a new television this year, and a third... Watch »

Jan 27, 2014
Shopping Shutdown: Retail to See More Store Closings

Shopping Shutdown: Retail to See More Store Closings

Experts say that retail is entering a new era, one that will be characterized by far fewer shops and smaller... Read »

Jan 23, 2014
Most Minicars Fail New Frontal Crash Test

Most Minicars Fail New Frontal Crash Test

Out of the 11 new minicars examined by the Insurance Institute for Highway Safety, 10 failed the trade group’s... Read »

Jan 22, 2014
Wedding Insurance Expands as Nuptials Get Pricier

Wedding Insurance Expands as Nuptials Get Pricier

Worried about the groom getting cold feet? There's an insurance policy for that. With the cost of the average... Read »

Jan 21, 2014
IRS Customer Service Lacking: Report

IRS Customer Service Lacking: Report

The Internal Revenue Service (IRS) answered a smaller share of taxpayer calls and kept taxpayers on hold longer last... Read »

Jan 20, 2014
Target Breach Appears to Be Part of Broader Scam

Target Breach Appears to Be Part of Broader Scam

The security breach that hit Target appears to have been part of a broader scam that potentially affected a large... Watch »

Jan 17, 2014
J.C. Penney to Slash 2,000 Jobs, Shutter 33 Stores

J.C. Penney to Slash 2,000 Jobs, Shutter 33 Stores

Department-store operator J.C. Penney says it will cut 2,000 jobs and close 33 stores as it tries to turn around... Read »

Jan 16, 2014
California Drivers Use Fuel Made From Trash

California Drivers Use Fuel Made From Trash

A growing number of vehicles in California are relying on a surprising energy source to get around: trash. The... Watch »

Jan 14, 2014
Upcoming Jobs Report May Show Improvement

Upcoming Jobs Report May Show Improvement

The upcoming December employment report is expected to show about 200,000 new payroll jobs, a steady growth that may... Read »

Jan 9, 2014
Jobless Aid Bill Faces Uncertain Future

Jobless Aid Bill Faces Uncertain Future

Republicans who helped keep a bill to restore long-term jobless aid alive earlier this week say they won't stay... Read »

Jan 9, 2014
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Running Dry
Coverage of the California drought. Read more
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