Los Angeles Business News - Business, Money, Financial & Corporate News | NBC Southern California

Business News

Thursday, Jan 7, 2016 at 05:49 PM PST

Trader Joe's Accused of Underfilling Cans of Tuna

Trader Joe's Accused of Underfilling Cans of Tuna

A new lawsuit claims Trader Joe’s under filled 5-ounce cans of its store-brand tuna, violating federally mandated minimum standards, NBC News reported. The class action was filed Tuesday against the company and...

Wednesday, Jan 6, 2016 at 06:55 PM PST

Chinese Stock Market Tanks, Trading Halted

Chinese Stock Market Tanks, Trading Halted

China opted to keep guiding its currency lower, pushing Asian stocks to a three-month low on Thursday, NBC News reported. Fears for the health of the Chinese economy has been reflected in the sharply lower yuan,...

Monday, Jan 4, 2016 at 03:09 PM PST

Low Gas Prices Forecast For 2016

Low Gas Prices Forecast For 2016

Analysts expect gasoline prices to remain close to $2 per gallon throughout 2016.

Wednesday, Dec 30, 2015 at 12:27 PM PST

Icahn Outbids Bridgestone to Buy Pep Boys for $1 Billion

Icahn Outbids Bridgestone to Buy Pep Boys for $1 Billion

Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone.
The deal is expected to close in the first quarter of next year.

Wednesday, Dec 23, 2015 at 09:26 PM PST

Nasdaq to Delist Drug Price Gouger Martin Shkreli's Company

Nasdaq to Delist Drug Price Gouger Martin Shkreli's Company

One of the biotech companies run by Martin Shkreli, the reviled drug price-gouger charged with securities fraud last week, was informed Wednesday that its stock will be delisted by Nasdaq because of Shkreli's...

Friday, Dec 11, 2015 at 05:50 AM PST

$130B Megadeal: Dow, DuPont to Merge

$130B Megadeal: Dow, DuPont to Merge

Chemical giants DuPont and Dow Chemical agreed to merge in a $130 billion all-stock deal. The company would be renamed DowDuPont then split itself into three independent publicly traded companies focused...

Thursday, Dec 10, 2015 at 03:34 AM PST

Small Number of Staff Behind Scandal: VW

Small Number of Staff Behind Scandal: VW

Volkswagen believes that only a small number of employees were behind the emissions scandal, but its board chairman said Thursday the company is still investigating and suggested the probe will not exclude...

Wednesday, Dec 9, 2015 at 04:18 PM PST

Nordstrom, J.C. Penney, Others Settle False Labeling Lawsuit

Nordstrom, J.C. Penney, Others Settle False Labeling Lawsuit

Nordstrom, J.C. Penney, Bed Bath and Beyond, and Backcountry.com agreed to pay penalties totaling $1.3 million for falsely labeling fibers in some of their products, according to the Federal Trade...

Wednesday, Dec 9, 2015 at 02:35 AM PST

Toyota Starts Sales of 4th Generation Prius Hybrid

Toyota Starts Sales of 4th Generation Prius Hybrid

Toyota said Wednesday it expects annual sales of its newly-released fourth generation Prius hybrid to reach as many as 350,000 vehicles despite a big drop in oil prices making traditional gasoline cars cheap to...

Friday, Nov 27, 2015 at 04:28 AM PST

Online Sales Surge, but Thousands Lining Up for Black Friday

Online Sales Surge, but Thousands Lining Up for Black Friday

Thousands of shoppers are still choosing to line up in the stores to make sure they got the best deals. The tradition of getting there early was still going strong, according to NBC News. Hundreds lined...

Photos & Videos

Market Report

What's New
Car Chases
SoCal pursuits coverage. Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out