Los Angeles business news

Report: Ballmer Could Claim $1B For Buying Clippers

Report: Ballmer Could Claim $1B For Buying Clippers

Billionaire Steve Ballmer bought the Los Angeles Clippers in August for $2 billion, but he could write off as much as half that in taxes by 2030, according to an analysis published Sunday, Oct. 26. Read »

Oct 26, 2014
Businesses Hiring, But Still Stingy With Raises

Businesses Hiring, But Still Stingy With Raises

U.S. businesses were much less likely to boost pay in the third quarter than in previous months, a survey by the... Read »

Oct 20, 2014
Chrysler Recalls More Than 900K Vehicles

Chrysler Recalls More Than 900K Vehicles

Chrysler is recalling nearly 907,000 Chrysler, Dodge and Jeep SUVs and cars for failing alternators and heated power... Read »

Oct 16, 2014
Amazon to Open First Retail Store

Amazon to Open First Retail Store

The online retail giant Amazon will be opening its first-ever physical store in the heart of New York City, the Wall... Read »

Oct 10, 2014
Ebola Vaccine Makers' Shares Rise After 1st U.S. Case

Ebola Vaccine Makers' Shares Rise After 1st U.S. Case

Shares of some companies that are studying potential vaccines for Ebola climbed after federal officials announced... Read »

Oct 1, 2014
World's Biggest-Ever IPO: Alibaba Priced at $68 a Share

World's Biggest-Ever IPO: Alibaba Priced at $68 a Share

Alibaba has priced its initial public offering at $68 per share, near the upper end of its expected range, ahead of... Read »

Sep 18, 2014
iPhone 6 Pre-Orders Set 1st-Day Record for Apple

iPhone 6 Pre-Orders Set 1st-Day Record for Apple

Apple had more than 4 million advance orders of its new, larger iPhones in the first 24 hours, exceeding its initial... Read »

Sep 15, 2014
Home Depot Confirms Credit Card Data Breach

Home Depot Confirms Credit Card Data Breach

It's official: Home Depot has suffered a credit card data breach, the home improvement superstore confirmed Monday... Read »

Sep 8, 2014
PHOTOS: See Southwest Airlines' New Look

PHOTOS: See Southwest Airlines' New Look

Southwest Airlines will put a new paint job on its planes, adding a splash of bright color as it enters middle... Watch »

Sep 8, 2014
Chick-fil-A Founder Truett Cathy Dies at 93

Chick-fil-A Founder Truett Cathy Dies at 93

S. Truett Cathy, who started a postwar diner in Atlanta that grew into the Chick-fil-A restaurant chain, died at the... Read »

Sep 8, 2014
CVS Renames Itself, Goes Tobacco Free Early

CVS Renames Itself, Goes Tobacco Free Early

CVS, the nation's second-largest drugstore chain, will tweak its corporate name and stop the sale of tobacco nearly... Read »

Sep 9, 2014
Abercrombie Dropping Logo to Boost Brand

Abercrombie Dropping Logo to Boost Brand

The Abercrombie & Fitch logo has lost the power it once wielded, so the struggling teen retailer plans to strip... Read »

Aug 29, 2014
Market Basket Board OKs $1.5 Billion Sale to Ousted CEO

Market Basket Board OKs $1.5 Billion Sale to Ousted CEO

Market Basket's board of directors has signed a deal to sell the grocery chain to former CEO Arthur T. Demoulas for... Watch »

Aug 28, 2014
AA Pulls Fares Off Orbitz.com

AA Pulls Fares Off Orbitz.com

American Airlines says they've pulled their fares off of websites powered by Orbitz after being unable to come to... Watch »

Aug 28, 2014

"Millennial" Market Not Lovin' McDonald's: Report

It looks like millennials aren’t munching on McDonald’s as much as they used to. Read »

Aug 26, 2014
Burger King Buying Tim Hortons for About $11B

Burger King Buying Tim Hortons for About $11B

Burger King is buying Canadian coffee-and-doughnut chain Tim Hortons Inc. for about $11 billion, creating the... Read »

Aug 26, 2014
Amazon Buying Twitch for $970 Million in Cash

Amazon Buying Twitch for $970 Million in Cash

Amazon is buying video game streaming platform Twitch Interactive for $970 million in cash as it seeks to expand its... Read »

Aug 28, 2014
Clippers Owner Ballmer Steps Down From Microsoft

Clippers Owner Ballmer Steps Down From Microsoft

Steve Ballmer on Tuesday left Microsoft's Board of Directors, citing new commitments as owner of the Los Angeles... Read »

Aug 19, 2014
McDonald's to Sell Packaged Coffee in Supermarkets: Report

McDonald's to Sell Packaged Coffee in Supermarkets: Report

Fans of McCafe will be lovin’ the latest McDonald’s news. The fast food chain announced plans to start selling its... Read »

Aug 19, 2014
Cisco to Lay Off Up to 6,000 Workers

Cisco to Lay Off Up to 6,000 Workers

Cisco says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring. The... Read »

Aug 13, 2014

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