<![CDATA[NBC Southern California - Business News]]>Copyright 2017http://www.nbclosangeles.com/news/business http://media.nbcnewyork.com/designimages/NBC4_40x125.png NBC Southern California http://www.nbclosangeles.comen-usTue, 25 Jul 2017 05:59:04 -0700Tue, 25 Jul 2017 05:59:04 -0700NBC Owned Television Stations <![CDATA[Chipotle Faces Backlash After Norovirus, Rodent Incidents]]> Mon, 24 Jul 2017 09:36:26 -0700 http://media.nbclosangeles.com/images/213*120/cms872.jpg
Between a recent norovirus outbreak at one restaurant and rodents falling from the ceiling at another, Chipotle Mexican Grill is facing a stark decline in consumer’s perception of the brand.Credit Suisse’s...

Photo Credit: AFP/Getty Images]]>
<![CDATA[Carrier Cuts Jobs at Factory Where Trump Said He Saved Jobs]]> Wed, 19 Jul 2017 14:44:42 -0700 http://media.nbclosangeles.com/images/213*120/trump-pence-carrier1.jpg
The Carrier factory where then-President-elect Donald Trump announced that he had made a deal to save U.S. jobs from moving to Mexico has started the process of laying off workers.NBC News reports that...

Photo Credit: Evan Vucci/AP]]>
<![CDATA[Walmart Apologizes for N-Word in Product Description]]> Tue, 18 Jul 2017 06:51:00 -0700 http://media.nbclosangeles.com/images/213*120/walmart26.jpg
Walmart apologized after the n-word was used on its website in the product description for a third-party seller's item, NBC News reported. “We are very sorry and appalled that this third party seller...

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<![CDATA[Netflix Adds 5.2 Million Subscribers, Crushing Estimates]]> Mon, 17 Jul 2017 15:10:33 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-613157194-netflix.jpg
Netflix's second quarter report released Monday showed an addition of 5.2 million memberships, crushing Wall Street estimates of 3.23 million.New seasons of Netflix hits such as "House of Cards" and "Orange is...

Photo Credit: Craig Barritt/Getty Images for The New Yorker, File]]>
<![CDATA[Guest Worker Boost Comes Too Late, Some Small Businesses Say]]> Mon, 17 Jul 2017 15:03:38 -0700 http://media.nbclosangeles.com/images/213*120/John-Kelly-cree-que-DACA-puede-ser-ilegal-434183013.jpg
The Trump administration acted Monday to allow 15,000 more visas this year for temporary seasonal workers, but some business owners say the effort comes too late.Under authority from Congress, Homeland...

Photo Credit: Win McNamee/Getty Images]]>
<![CDATA[S&P 500 Closes at Record, Topping June High]]> Fri, 14 Jul 2017 13:29:32 -0700 http://media.nbclosangeles.com/images/213*120/stockAP_16285765944687.jpg
Stocks rose to record levels on Friday as earnings season kicked off, CNBC reported.The S&P climbed 0.6 percent to close at 2,459.27, setting intraday and closing records. The index's previous intraday...

Photo Credit: AP]]>
<![CDATA[Prime Day 2017 Was Amazon's Biggest Shopping Event Ever]]> Wed, 12 Jul 2017 07:08:26 -0700 http://media.nbclosangeles.com/images/213*120/armus-amazon-prime.jpg
Black Friday and Cyber Monday are big shopping days on Amazon, but the online retailer's own shopping holiday, Prime Day, has them both beat, the company said Wednesday. The July 11 event that saw 3.5 million...

Photo Credit: Mark Lennihan/AP Photo, File]]>
<![CDATA[Dow Falls 100 Points, Then Recovers, After Trump Jr.'s Tweet]]> Tue, 11 Jul 2017 13:00:04 -0700 http://media.nbclosangeles.com/images/213*120/dowjonesdrop_1200x675.jpg
Moments after Donald Trump Jr. tweeted the email exchange that led to his meeting with a Russian attorney the Dow fell 100 points Tuesday, CNBC reported. Stocks initially fell on concerns the Russia...

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<![CDATA[How and Why Amazon Ships So Many Packages So Quickly]]> Tue, 11 Jul 2017 04:07:43 -0700 http://media.nbclosangeles.com/images/213*120/armus-amazon-prime.jpg
Amazon’s Prime Day, a carefully fabricated “retail holiday” meant to take advantage of the company's vast shipping network, takes place in a time of year when the busy holiday shopping season is still a...

Photo Credit: Mark Lennihan/AP Photo, File]]>
<![CDATA[Amazon Prime Day Now Backed by Cargo Plane Fleet]]> Mon, 10 Jul 2017 18:55:30 -0700 http://media.nbclosangeles.com/images/213*120/armus-amazon-airplane.jpg
For this year's Prime Day, Amazon is taking to the skies. A fleet of cargo jets will be used in the company's annual day of online deals for the first time in the U.S., it said in a press release Monday.As...

Photo Credit: Ted S. Warren/AP Photo, File]]>
<![CDATA[More Retailers Hope to Take a Bite Out of Amazon Prime Day]]> Mon, 10 Jul 2017 17:04:25 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-696679794.jpg
Stores like Toys“R”Us, Target, Sur La Table and more are jumping on the bandwagon, hoping to take a swing at Amazon’s Prime Day by staging their own versions of this summer twist on Black Friday, which runs from...

Photo Credit: Getty Images]]>
<![CDATA[G-20 Day 1 Recap]]> Fri, 07 Jul 2017 16:23:35 -0700 http://media.nbclosangeles.com/images/213*120/DIT+G20+RECAP+THUMB.jpg
There were fireworks Friday on the first day of the G-20 summit. The gathering of the world's 19 wealthiest nations and the European Union included widespread protests in the streets and a much-anticipated...]]>
<![CDATA[Target Dropping 2 of Its Famous Brands, Adding 12 Others]]> Sat, 08 Jul 2017 11:40:57 -0700 http://media.nbclosangeles.com/images/213*120/target+store+getty.jpg
Target lovers soon will have to say goodbye to two of the chain's famous brands.As part of a partial overhaul of its apparel, accessories and home departments, Target will phase out its well-known Merona...

Photo Credit: Scott Olson / Getty Images]]>
<![CDATA[How the Gov't Spends $38 to Collect $1 of Student Loan Debt ]]> Thu, 06 Jul 2017 17:27:10 -0700 http://media.nbclosangeles.com/images/213*120/DIT+STUDENT+LOANS+THUMB.jpg
It's estimated that about 44 million Americans are living with student loan debt, adding up to more than $1 trillion owed. Around 8 million borrowers have given up on paying back more than $137 million...]]>
<![CDATA[Qualcomm Seeks to Ban iPhone Imports, Sales]]> Thu, 06 Jul 2017 14:10:52 -0700 http://media.nbclosangeles.com/images/180*120/iphone6-6plus.jpg
Chipmaker Qualcomm is asking U.S. trade regulators to ban iPhone imports, according to a new lawsuit.Apple has allegedly infringed on six of Qualcomm's patents that improve iPhone battery life, according...

Photo Credit: Getty Images]]>
<![CDATA[Hobby Lobby Fined $3M for Smuggled Iraqi Artifacts]]> Wed, 05 Jul 2017 17:47:20 -0700 http://media.nbclosangeles.com/images/160*120/hobby-lobby-cuneiform-smuggling.jpg
Arts-and-crafts chain Hobby Lobby has agreed to pay $3 million to settle a federal case over smuggled Iraqi antiquities it bought to demonstrate its "passion for the Bible."NBC News reports that prosecutors...

Photo Credit: U.S. Attorney's Office for the Eastern District of New York]]>
<![CDATA['I'm a Creep': Silicon Valley Investor Resigns After Misconduct]]> Mon, 03 Jul 2017 21:28:31 -0700 http://media.nbclosangeles.com/images/213*120/0703-2017-DaveMcClure.jpg
The co-founder of Silicon Valley's 500 Startups is stepping down from the company after admitting he made inappropriate advances toward women in the workplace.Dave McClure announced his resignation and...

Photo Credit: NBC Bay Area]]>
<![CDATA[Oreo Makes, Mails Wild Cookie Flavors for Fans]]> Fri, 30 Jun 2017 10:50:52 -0700 http://media.nbclosangeles.com/images/213*120/oreo+getty.jpg
What's your dream Oreo flavor? Ask, and you may receive.Oreo is surprising some fans who submit their ideas for cookie flavors with actual boxes of their creations.

Photo Credit: Getty Images
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<![CDATA[Group Sues Uber Over Lack of Wheelchair Access]]> Wed, 28 Jun 2017 19:26:54 -0700 http://media.nbclosangeles.com/images/213*120/ubergeneric_2016_1200x675.jpg
A Washington, D.C.-based civil rights group has filed a lawsuit against Uber under the American with Disabilities Act —which prohibits discrimination against those with disabilities— alleging that the...

Photo Credit: Justin Sullivan/Getty Images]]>
<![CDATA[European Commission Hits Google With $2.7B Fine]]> Tue, 27 Jun 2017 15:39:19 -0700 http://media.nbclosangeles.com/images/213*120/Google27.jpg
European regulators have handed down a record-setting $2.7 billion fine against Google. The web browser's shopping service acted in an anti-competitive manner, the commission said. They are giving Google 90 days

Photo Credit: AP]]>
<![CDATA[Big Banks Survive Stress Tests]]> Thu, 22 Jun 2017 14:16:26 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-82842797.jpg
U.S. banks passed the first round of stress tests issued by the Federal Reserve to determine whether the banks could survive potential recessions, according to CNBC.The results released Thursday showed...

Photo Credit: Chip Somodevilla/Getty Images]]>
<![CDATA[Diners Prefer Fast Food to Sit-Down Restaurants: Survey]]> Tue, 20 Jun 2017 13:35:57 -0700 http://media.nbclosangeles.com/images/213*120/GettyImages-509058622-chipotle.jpg
When it comes to food, more Americans are looking for convenience over quality these days.NBC News reports that satisfaction with full-service restaurants has reached its lowest point in 10 years, according to...

Photo Credit: Andrew Renneisen/Getty Images, file]]>