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'Jumanji' rolls along as newcomers '12 Strong' and 'Den of Thieves' beat expectations

Business / Business News /

LOS ANGELES -- Demonstrating the continued drawing power of Dwayne Johnson and Kevin Hart, "Jumanji: Welcome to the Jungle" fended off a pair of male-skewing, action-oriented newcomers -- "12 Strong" and "Den of Thieves" -- to top the box office for a third straight week.

On a relatively quiet weekend in what is generally considered a kind of ...Read more

Kushner's Deutsche Bank-backed property stung by tenant troubles

Business / Business News /

NEW YORK -- In a six-floor retail space near Times Square, the Guy Fieri restaurant has closed and construction hasn't begun on celebrity chef Todd English's food hall. A tourist attraction featuring a 1/87th scale model of New York City was behind on rent for two months as of December, according to loan documents.

It wasn't supposed to be this...Read more

Here's why banks aren't paying more for your savings … unless you're wealthy

Business / Business News /

The economy continues improving, but here's one thing that's not: what banks pay ordinary savers for their deposits.

Since the financial crisis, the Federal Reserve has raised short-term interest rates five times, including last month. But for regular savers, those higher rates have barely budged what banks pay in deposit interest -- and ...Read more

Borrow $5,000, repay $42,000 β€” How super high-interest loans have boomed in California

Business / Business News /

LOS ANGELES -- JoAnn Hesson, sick with diabetes for years, was desperate.

After medical bills for a leg amputation and kidney transplant wiped out most of her retirement nest egg, she found that her Social Security and small pension weren't enough to make ends meet.

As the Marine Corps veteran waited for approval for a special pension from the...Read more

Jimmy John's sprouts linked to multistate salmonella outbreak

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CHICAGO -- State and federal health officials are investigating a multistate salmonella outbreak linked to sprouts at Jimmy John's.

Two cases involving Illinois residents have been reported, and Jimmy John's said it would temporarily stop serving sprouts at all its locations nationwide as a precaution, after at least one request to do so from ...Read more

CFPB drops Kansas payday lending case, stoking fears Trump is backing off the industry

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KANSAS CITY -- Without explanation, the Consumer Financial Protection Bureau has dropped a lawsuit in Kansas it had filed a year ago against four payday lending companies.

The move reinforced worries among consumer advocates that the federal watchdog agency is backing away from scrutinizing the payday lending industry.

The CFPB, a federal ...Read more

Robert Reed: Waging a necessary but tough battle to restore internet's 'net neutrality' rule

Business / Business News /

The internet, as we've come to know it, is not going down without a fight.

Hooray!

A dogged and determined effort is shaping up in Congress and the courts to roll back a recent Federal Communications Commission decision that essentially hands the web over to an oligopoly of mighty internet service providers. That group includes Verizon, ...Read more

Michael Hiltzik: Cities should respond to Amazon's squeeze play by saying no to subsidies

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Amazon released its short list of contenders for its second-headquarters project on Thursday, and the news was bad. Whether it was worse for the hundreds of communities left out of the running or for the 20 so-called finalists is an open question.

Judging from the willingness of some remaining contenders to endow one of the world's richest ...Read more

L.A. Times publisher Ross Levinsohn to take unpaid leave of absence

Business / Business News /

LOS ANGELES -- Los Angeles Times publisher and chief executive Ross Levinsohn was placed on an unpaid leave of absence Friday while the paper's parent company, Tronc, investigates allegations of inappropriate conduct while an executive at other companies.

Times President Mickie Rosen will lead the newspaper in Levinsohn's absence and Editor in ...Read more

'Bullitt' Mustang spent 40 years in garage β€” now it's going on tour

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DETROIT -- Sean Kiernan is a paint salesman who lived on a horse farm outside Nashville with a dream. And somehow that dream came true -- but it is also just beginning.

This is the story of how a rusty '68 Ford Mustang ended up being the biggest attraction at the 2018 Detroit auto show after a family kept the famous muscle car hidden for 40 ...Read more

Los Angeles Times journalists vote 248-44 to unionize

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LOS ANGELES -- Journalists at the Los Angeles Times have overwhelmingly elected to form a union, a first for the 136-year-old news organization that for much of its history was known for its opposition to organized labor.

The union drive was launched publicly in October and culminated in an election earlier this month. Results, tallied Friday ...Read more

Delta Air Lines adds new requirements for passengers flying with service animals

Business / Business News /

Responding to an increase in such incidents as animal bites, barking and defecation, Delta Air Lines has announced new requirements for passengers who want to fly with a service animal or emotional support animal.

Starting March 1, all passengers who want to fly with an animal in the cabin need to provide proof of the animal's "health or ...Read more

Review: Tesla Model 3: Elon Musk's mass-market car is a magic carpet ride

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Tesla's Model 3 is the most highly anticipated car of the 21st century. It may be the most eagerly awaited car of all time.

More than 450,000 people put down $1,000 refundable deposits to reserve one of the "affordable" battery electric sedans after Tesla Chief Executive Elon Musk unveiled the car and inaugurated the waiting list in March 2016....Read more

The Week Ahead: Two kings of the Dow rally report

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While the Dow Jones Industrial Average is a massively imperfect gauge of the broader stock market and the economy, it remains the most recognized barometer of capitalism. And it is booming.

The index of 30 stocks just made its fastest 1,000-point jump in its history -- running from 25,000 to 26,000 in just eight days. That came after it took ...Read more

Zombie retailers close stores nationally, hoping for an online afterlife

Business / Business News /

"Everything dies, baby, that's a fact.

But maybe everything that dies someday comes back."

--"Atlantic City" by Bruce Springsteen

In retail, some brands that could no longer cut it with brick-and-mortar stores are getting a second wind in the digital world.

Take the apparel retailer the Limited, a fixture in malls that provided professional ...Read more

Big tech companies, lawmakers support Microsoft in Supreme Court case

Business / Business News /

WASHINGTON -- Nearly 300 companies, groups and individuals filed briefs with the U.S. Supreme Court this week in support of Microsoft in a case that has far-reaching implications for digital privacy across countries' borders.

The Supreme Court agreed in October to hear the U.S. government's appeal of its case against the Redmond tech company, ...Read more

In bizarre reversal under Trump, consumer agency reveals moves to protect payday lenders

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In what would be a laughable move if it wasn't so incredibly tragic, the Trump administration's newly emasculated Consumer Financial Protection Bureau this week sided with payday lenders over consumers.

You heard right. The CFPB, now led by an appointee of a businessman-politician whose companies have gone bankrupt a half-dozen times, has ...Read more

Top aerospace engineering firm Electroimpact cuts staff by 9 percent

Business / Business News /

SEATTLE -- Engineering firm Electroimpact of Mukilteo, Wash. -- which supplies aerospace giants Boeing and Airbus with manufacturing equipment -- has hit a lull in the cycle of new airplane work and is laying off 66 employees, about 9 percent of its workforce.

"The reason is lack of work. What we're missing now is a monster anchor project," ...Read more

Medicine from Texas cannabis crops on cusp of getting to patients

Business / Business News /

Pediatric neurologist Scott Perry is optimistic he'll soon be able to answer some questions that have been on the minds of his epilepsy patients and their families.

"I don't think I go a day without the majority of patients actually asking about it," Perry said. "If I don't mention it myself, they'll say, 'What's going on with it? What about it...Read more

Susan Tompor: High-tech features on new cars drive up auto insurance rates

Business / Business News /

DETROIT -- The gee-whiz gadgets on new cars -- the backup cameras, the large touch screen controls, the blind-spot monitoring -- make us all feel a little safer about navigating the roads.

But high-tech, advanced safety features come at a fairly steep price, so they're driving up car insurance rates, too.

"If they're damaged, they're much more...Read more