<![CDATA[NBC Southern California - Business News]]>Copyright 2016http://www.nbclosangeles.com/news/business http://media.nbcnewyork.com/designimages/NBC4_40x125.png NBC Southern California http://www.nbclosangeles.comen-usFri, 29 Jul 2016 10:55:09 -0700Fri, 29 Jul 2016 10:55:09 -0700NBC Owned Television Stations <![CDATA[Millennials Cause Home Ownership to Drop ]]> Thu, 28 Jul 2016 13:59:12 -0700 http://media.nbclosangeles.com/images/213*120/house_home_+for_sale_owner_generic.jpg
The nation’s home ownership rate fell to its all-time low, and could drop further in the months to come, NBC News reported. The rate fell to 62.9 percent, the same as it was in 1965, when the U.S.

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<![CDATA[Facebook Beats Analyst Expectations in Second Quarter]]> Wed, 27 Jul 2016 19:32:21 -0700 http://media.nbclosangeles.com/images/213*120/FacebookLogo3.jpg
Facebook beat Wall Street expectations, posting stronger earnings for the second-quarter, NBC News reported. The company reported $6.44 billion in revenue, according to a release posted after the end of...

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<![CDATA['Pokemon Go' Could Generate Billions For Apple: Analyst]]> Wed, 20 Jul 2016 16:50:40 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-546258766.jpg
Apple can thank the "Pokemon Go" phenomenon for the billions of sales expected to come into the company, CNBC reports. Laura Martin, managing director of investment firm Needham & Co., estimates that...

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<![CDATA[10 Top Consumer Complaints of 2015]]> Thu, 14 Jul 2016 01:24:34 -0700 http://media.nbclosangeles.com/images/213*120/453295293.jpg
Phony IRS agents and other imposter scams topped the list of fastest-growing complaints to state and local consumer protection agencies last year, according to the latest report from the annual survey conducted...

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<![CDATA[Stocks Higher as US Creates 287K Jobs in June]]> Fri, 08 Jul 2016 11:28:09 -0700 http://media.nbclosangeles.com/images/213*120/HiringSign-GettyImages-518572344.jpg
The U.S. economy added 287,000 jobs during the month of June, beating expectations and wowing investors, CNBC reported. Economists expected non-farm payrolls to jump by 175,000 for the month.

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<![CDATA[Hershey's Board Rejects Bid From Mondelez]]> Thu, 30 Jun 2016 11:45:44 -0700 http://media.nbclosangeles.com/images/213*120/choco-94621201.jpg
Hershey's board of directors said Thursday it has unanimously rejected a bid by Mondelez to aquire the chocolate-giant in what would have united two of the world's largest candy-makers.The company said in...

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<![CDATA[US Stocks Closer Higher as UK Votes on Brexit Referendum]]> Thu, 23 Jun 2016 14:41:25 -0700 http://media.nbclosangeles.com/images/213*120/USStocks-AP_16172523107175.jpg
U.S. stocks closed more than 1 percent higher Thursday, on the heels of the U.K. vote to remain in the European Union, CNBC reported. The S&P 500 posted its highest close since June 9.

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<![CDATA[Fed Chair Janet Yellen 'Hopeful' About Economic Growth]]> Wed, 22 Jun 2016 13:57:04 -0700 http://media.nbclosangeles.com/images/213*120/JanetYellen-AP_16174565055178.jpg
Fed Chair Janet Yellen said she's hopeful for economic growth, NBC News reported. "We are seeing a pickup in growth. There's been a sharp increase in consumer spending," Yellen told the House Financial...

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<![CDATA[Citi Sues AT&T Over 'Thanks' Rights]]> Fri, 17 Jun 2016 08:16:32 -0700 http://media.nbclosangeles.com/images/213*120/citi-att-split-0616.jpg
Citigroup filed a trademark infringement suit in the U.S. District Court of Manhattan last week saying the telecom giant’s recently unveiled “AT&T thanks” program could cause confusion with the bank’s...

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<![CDATA[How to Amend a Tax Return]]> Thu, 26 May 2016 07:49:14 -0700 http://media.nbclosangeles.com/images/213*120/irs-building1.jpg
You are experiencing sweet satisfaction knowing that your taxes were filed on time. That is, until you realize that you took a deduction when you did not qualify for it, or forgot to claim an important...

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<![CDATA[Sports Authority to Close All of Its Stores]]> Tue, 24 May 2016 08:32:08 -0700 http://media.nbclosangeles.com/images/213*120/sports-GettyImages-513328004.jpg
Sports Authority is getting ready to close all of its 463 stores and has launched a big going-out-of-business sale, according to NBC's "Today" show. The chain filed for bankruptcy protection a few months back,...

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<![CDATA[Macy's Forecast Cut Ignites Retail Worries]]> Thu, 12 May 2016 05:37:36 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-530665646.jpg
Macy's reported disappointing quarterly sales Wednesday and slashed its full-year forecast, underscoring a slump in apparel demand at U.S. department stores, NBC News reported.The bleak start to 2016...

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<![CDATA[Proposed Rule May Allow Class-Action Suits Against Banks]]> Thu, 05 May 2016 15:14:49 -0700 http://media.nbclosangeles.com/images/213*120/gavel-generic-stock.jpg
A rule proposed Thursday by the Consumer Financial Protection Bureau may ban mandatory arbitration clauses that prevent consumers from filing class-action lawsuits against their banks and credit card companies...

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<![CDATA[Sports Authority to Auction Assets on May 16]]> Mon, 02 May 2016 14:26:15 -0700 http://media.nbclosangeles.com/images/213*120/sportsauthorityGettyImages-513327988.jpg
National retail chain Sports Authority's future looks pretty bleak. The company announced in early March that it planned to close 140 of its 463 stores and filed for Chapter 11 bankruptcy protection in...

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<![CDATA[Rovi Buying TiVo in $1.1.B Cash-and-Stock Deal]]> Fri, 29 Apr 2016 05:42:37 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-51921649.jpg
Rovi Corp. said Friday that it will pay $10.70 in cash and stock for each TiVo Inc. share. Rovi will pay $2.75 per share in cash, or about $277 million. The rest, $7.95 per share, will be paid in stock.Once...

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<![CDATA[What To Do If You Are Audited by the IRS]]> Tue, 26 Apr 2016 13:25:01 -0700 http://media.nbclosangeles.com/images/213*120/tax+envelope.jpg
You've received a letter from the IRS regarding an audit. Stay calm and assess the situation.

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<![CDATA[DoJ Approves Charter Deal to Buy Time Warner Cable]]> Mon, 25 Apr 2016 16:36:55 -0700 http://media.nbclosangeles.com/images/213*120/475414152-charter-communications.jpg
The U.S. Justice Department approved Charter Communications' proposed purchase of Time Warner Cable and Bright House networks on Monday, Reuters reports.The Justice Department valued the purchase of Time...

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<![CDATA[Trans-Alaska Pipeline Resumes Oil Production After Fire ]]> Thu, 21 Apr 2016 17:51:11 -0700 http://media.nbclosangeles.com/images/213*120/160421-alaska-pipeline-749p_83a192ebac3e50487de2b8a05858d82a.nbcnews-ux-2880-1000.jpg
The Trans-Alaska Pipeline resumed operations after a fire at a pumping station forced officials to shut it down on Wednesday, according to the company running the system, NBC News reported.An employee noticed...

Photo Credit: Alyeska Pipeline Service Company]]>
<![CDATA[Intel to Cut 12K Jobs, Reducing Workforce by 11 Percent]]> Tue, 19 Apr 2016 14:09:34 -0700 http://media.nbclosangeles.com/images/184*120/91022387.jpg
Shares of Intel fell nearly 3 percent after the bell Tuesday as it announced it would cut 12,000 jobs, or 11 percent of its workforce, by 2017, due to restructuring, CNBC reports. Intel, based in Santa Clara,

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<![CDATA[Last-Minute Tax Day Filing: How to Pay Uncle Sam at Deadline]]> Mon, 18 Apr 2016 08:31:04 -0700 http://media.nbclosangeles.com/images/210*120/GettyImages-88160312.jpg
Waiting until the last minute to pay your taxes can cost you if you are expecting a refund, since the government hangs on to your money and receives more interest on it. However, if you owe money to the...

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<![CDATA[Wegmans Tops Grocery Store List]]> Thu, 14 Apr 2016 14:40:06 -0700 http://media.nbclosangeles.com/images/213*120/wegmans-pub-bar-and-restaur.jpg
Trader Joe's is no longer America's favorite grocery store.Wegmans tops Market Force’s 2016 list of America’s Favorite Grocery Retailers.Market Force, a brand strategy firm, gave the Rochester, New...

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