WASHINGTON -- Tom Tait, the Republican mayor of Anaheim, Calif., isn't happy about his party's tax-overhaul efforts in Washington because the plan would eliminate a deduction for state and local taxes that helps many of his city's residents.
In Anaheim's 92806 ZIP Code, for example, the loss of the deduction would lead a family of four with ...Read more
SAN JOSE, Calif. -- The deadly wildfires that roared through Sonoma and Napa counties last week, destroying thousands of homes, might also scorch the Bay Area's already brutal housing market for months or years to come, experts warned Friday.
An estimated 2,800 homes have been destroyed in the wind-whipped infernos in Santa Rosa alone, and a ...Read more
NEW YORK -- An ambitious plan by Jared Kushner's family to recast its indebted Fifth Avenue office building as a luxury architectural trophy is collapsing, setting off a chain of events that may imperil the Kushners' ownership of a property central to their real estate empire.
Their partner, Vornado Realty Trust, is telling brokers to plan for ...Read more
LOS GATOS, Calif. -- Netflix sees its subscribers as hungry, and they're still eating up what the internet video-streaming kingpin is serving up.
On Monday, Netflix said "strong appetite" for its original content continued to drive the company's results during the third quarter of the year, which included Netflix adding 5.3 million new ...Read more
YOUNTVILLE, Calif. -- Mario Maldonado didn't wear a mask. The 22-year-old field laborer thought it would slow him down. Besides, he doesn't like to cover his face when he tends to the vineyards on most nights.
But this Napa Valley harvest was different than most. A muddied pinkish glow emanated from the horizon. A haze hovered in the air and ...Read more
The Weinstein Co., beset by sexual harassment and assault allegations against ousted co-founder Harvey Weinstein, announced Monday that it is in negotiations to sell part or all of itself to Colony Capital.
The company -- known for producing films such as "Silver Linings Playbook," "Django Unchained" and "The Iron Lady," as well as the reality ...Read more
SAN FRANCISCO -- Firing hundreds of workers all at once is rare, at least in the auto industry. But Tesla Inc. does things differently.
Word leaked out Friday that the electric car, battery and solar roof company had bulk-fired several hundred employees.
The Mercury News, which broke that story, said Tesla made clear that workers were ...Read more
SEATTLE -- Nordstrom family members have suspended their effort to put together a buyout offer for the Seattle-based retailer, citing "the difficulty of obtaining debt financing in the current retail environment prior to the conclusion of the approaching holiday season."
Led by Bruce Nordstrom, the group disclosed in June its plan to take the ...Read more
Pages in the WindSally Saylor De Smet
When young Emily Quinn, accused of the brutal murder of her father, sits down with an eccentric world-famous psychiatrist, she has no idea she is walking into a frightening and twisted world—her own.
Doctor and patient weave through family secrets, the unexplained death of a twin ...
CHICAGO -- Beam Suntory's Cruzan Rum distillery in St. Croix is back in operation after being battered by Hurricane Maria, according to a Beam Suntory news release Monday.
The distillery was shut down for about three weeks while the company made repairs after the hurricane, a process that required airlifting in 35 workers "with necessary ...Read more
LOS ANGELES -- It's been a great season for horror, with Blumhouse's "Happy Death Day" becoming the latest such film to top the domestic box office in its opening weekend.
The $5 million movie, a bloody riff on the classic "Groundhog Day" concept, brought in an estimated $26.5 million in the U.S. and Canada, according to figures from ...Read more
OTTAWA, Ontario –– U.S. NAFTA negotiators are proposing to essentially do away with the independent tribunals that oversee the trading and investment relationship, either by eliminating them or substantially scaling back their roles, people familiar with negotiations said.
The U.S. has proposed changes for two types of independent dispute ...Read more
PALO ALTO, Calif. -- Tesla fired hundreds of workers this past week, including engineers, managers and factory workers, even as the company struggles to expand its manufacturing and product line.
The dismissals come at a crucial point for the company, which is pushing to increase vehicle production fivefold and reach a broader market with its ...Read more
LOS ANGELES -- As the head of Amazon's entertainment studio since 2014, Roy Price was tasked with shaping the e-retailer into a major player in the film and TV world.
But his unpaid suspension last week after a television producer accused him of making unwanted sexual advances toward her has not only raised questions about his future in the ...Read more
I was skimming headlines at Bloomberg.com when an ad for HSBC Corp. filled the screen like a news-killing fog.
It urged us to buy China stocks -- now! -- before the Morgan Stanley stock indexes follow the rival Financial Times indexes in adding Beijing and Shanghai companies over the next couple years and the dumb money from American index-fund...Read more
It's easy to imagine that illegal insider trading is mostly a game played by slick bad guys or aggressive traders who sometimes cross the line.
The story that federal prosecutors tell in the recent indictment of former Life Time Fitness Vice President Shane Fleming and eight others is a lot different. What's striking is the very ordinariness of...Read more
Consumers who are caught in a financial squeeze might one day be able to skip the payday loan store and turn to banks and credit unions for lower-cost, quick-fix loans.
That's one possibility being raised by consumer advocates who want to see an end to gruesome, triple-digit rates that are charged to vulnerable consumers who take out payday ...Read more
Despite department store woes, national retailers have started to seek seasonal help -- and at levels close to those seen last year, according to some estimates.
Many of the seasonal jobs are focused on stocking additional inventory, customer service, and helping in shipping and distribution centers, an area that is growing as online holiday ...Read more
ATLANTA -- The Internal Revenue Service has suspended its $7.25 million contract with Atlanta-based Equifax, the agency announced Friday.
The decision came a day after the company was forced to shut down one of its customer service websites, a page that had been manipulated by hackers who had apparently placed malicious software on the site.
LOS ANGELES -- The Weinstein Co. board of directors and executive ranks erupted into turmoil Friday over the future of the company co-founded by disgraced movie producer Harvey Weinstein.
Bob Weinstein, brother of Harvey Weinstein, said the mini-studio they founded in 2005 is not shutting down or for sale despite sexual harassment and assault ...Read more
SAN FRANCISCO -- Wells Fargo's business, already tainted by its role in opening bogus accounts, suffered a jolt to its profits in the third quarter from legal costs linked to bad behavior during the housing bubble, the embattled bank reported Friday.
The bank's shares tumbled 2.8 percent, or $1.52 a share, and closed at $53.69.
During the July...Read more
- Napa Valley workers harvest last fruits of season by night
- Tesla tells hundreds of its employees they're not good enough to work there
- Weinstein Co. in talks to potentially sell itself to Colony Capital
- Joseph N. DiStefano: Is China big enough for US investors yet?
- Nordstrom family suspends effort to take retailer private