Los Angeles business news

Drugmaker Pfizer Drops $118B Bid to Buy British Pharma Company

Drugmaker Pfizer Drops $118B Bid to Buy British Pharma Company

Drugmaker Pfizer has abandoned its bid to buy British pharmaceutical giant AstraZeneca for nearly $118 billion. The... Read »

May 26, 2014
HP to Cut Another 11-16K Jobs

HP to Cut Another 11-16K Jobs

Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a... Read »

May 23, 2014
AT&T Closes in on DirecTV With $50B Deal

AT&T Closes in on DirecTV With $50B Deal

AT&T is close to announcing that it will buy the No. 1 U.S. satellite TV operator DirecTV, in the second... Read »

May 18, 2014
What to Know About Alibaba's IPO

What to Know About Alibaba's IPO

Chinese Internet giant Alibaba filed for a $1 billion IPO on Tuesday, much lower than markets had expected, NBC News... Read »

May 6, 2014
Airlines Making Less Money Off Baggage Fees

Airlines Making Less Money Off Baggage Fees

The government reported Monday that U.S. airlines raised $3.35 billion from bag fees in 2013, down 4 percent from... Read »

May 5, 2014
Jury Hands Apple $120M Verdict in Samsung Patent Battle

Jury Hands Apple $120M Verdict in Samsung Patent Battle

A California jury has found that Samsung infringed Apple's smartphone patents and awarded Apple $120 million in... Watch »

May 3, 2014
Toyota Moving U.S. Headquarters From California to Texas

Toyota Moving U.S. Headquarters From California to Texas

Toyota is moving its U.S. headquarters from California to Texas, and with it, it's moving about 3,000 jobs to the... Watch »

Apr 28, 2014
Google, Apple, Other Tech Giants Settle Workers' Anti-Poaching Suit

Google, Apple, Other Tech Giants Settle Workers' Anti-Poaching Suit

Apple, Google, Intel and Adobe settled an antitrust lawsuit filed by a large group of employees over the companies'... Read »

Apr 24, 2014
Facebook's CFO to Step Down as Earnings Soar

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... 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
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Running Dry
Coverage of the California drought. Read more
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