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News Analysis: Uber and Lyft might halt California operations over a labor fight. That may help them in November

Business / Business News /

Uber and Lyft warned they might temporarily shut down their services in California in response to a court ruling forcing them to start treating drivers in the state as employees.

A brief closure might seem like a drastic move, but it's not exactly surprising. In fact, such a shutdown could prove to be a means for Uber and Lyft to appeal to ...Read more

REI to sell its never-used Bellevue headquarters and shift office work to multiple Seattle-area sites

Business / Business News /

SEATTLE -- In yet another sign of COVID-19's disruptive impact on business, REI is abandoning its nearly completed corporate campus in Bellevue, Wash., and spreading headquarters operations to multiple sites across the Seattle area.

The outdoor retailer said it is in talks with "multiple interested parties" to sell the never-used 400,000-square...Read more

Michael Hiltzik: Uber is threatening to suspend service in California. We should call its bluff

Business / Business News /

The ride-hailing service Uber seems determined to rewrite the dictionary definition of "bully" to read: "Uber."

That's the obvious conclusion to draw from its threat, made publicly by Chief Executive Dara Khosrowshahi and in state court by its lawyers on Wednesday, to shut down its operations in California for at least a few months and possibly...Read more

Carla Fried: 3 essential financial moves in your 20s

Business / Business News /

If you're the type of 20-something who wants to take a deep dive into personal finance, God bless. There are plenty of great websites and books to immerse yourself in. But if that is so not you, no worries. You can build a fantastic foundation for financial success by focusing on just three key goals.

-- Pay your bills on time. Sounds obvious, ...Read more

Carla Fried: 3 essential financial moves in your 30s and 40s

Business / Business News /

In your 30s and 40s making smart money decisions requires deft juggling skills. These are typically years when your income is growing as you enter your career sweet spot. At the same time, you may be settling into family life with a partner and kids, developments that can pull you in a gazillion expensive directions.

How you deploy your growing...Read more

Carla Fried: 3 essential financial moves in your 50s and 60s

Business / Business News /

With the finish line near in the insane race known as retirement planning, your focus may be on stuffing your 401(k) and IRA with more money. Nothing wrong with that. Just add these three moves to avoid costly mistakes.

--Stress-test your assumptions. Start with your retirement portfolio. By now you've taken a few spins through a retirement ...Read more

Michael Hiltzik: The COVID-19 pandemic shows that it's time for a new New Deal. Here's a blueprint

Business / Business News /

No one who follows economic affairs could miss the signals that the U.S. economy has long been built on a foundation of quicksand.

Income and wealth inequality has been soaring, as rank-and-file workers have lost the power to organize for workplace rights and corporations increasingly have funneled profits to shareholders.

The biggest ...Read more

Lowe's ramps up faster home delivery nationwide with more distribution centers

Business / Business News /

Lowe's is expanding for faster home delivery nationwide.

Over the next 18 months, the North Carolina-based home improvement company will open 50 delivery terminals, seven distribution centers and four e-commerce fulfillment centers, Lowe's announced Wednesday.

The goal is to enable faster e-commerce shipping with more same-day and next-day ...Read more

Pay promises, threats of jail. How Bahamas Paradise Cruise Line made crew work without wages

Business / Business News /

MIAMI -- As crew members started to make it safely off of Bahamas Paradise Cruise Line's Grand Celebration ship in mid-April, stories about life on board surfaced on social media.

Facebook and Instagram comments described how the company stopped paying working crew on board after it canceled passenger cruises on March 14 amid the COVID-19 ...Read more

College Football shutdown puts $1.2 billion in TV ads at risk

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The decisions by the Big Ten and Pac-12 college athletic conferences to postpone their football season endanger a huge chunk of sales for media companies such as Walt Disney Co. and Fox Corp.

College football alone generated almost $1.2 billion in ad revenue for U.S. television networks last year. Its collapse could also hasten the loss of ...Read more

WeChat is a lifeline for the Chinese diaspora. What happens now that Trump banned it?

Business / Business News /

Cindy Wang's whole life is on WeChat.

Through the Chinese everything app, the 24-year-old shops for clothing and sends photos and audio messages to her grandma and uncle in Guangzhou. It's how she schedules appointments with her hairstylist and where she found her bao supplier -- a local woman who sells the steamed buns out of her car.

For ...Read more

Amazon wins loyal Walmart shoppers as Americans stampede online

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Walmart Inc. shoppers are a pretty loyal bunch. But when virus-spooked Americans began avoiding stores earlier this year and shifting spending online, far more Walmart customers went to Amazon.com Inc. than Walmart.com. So even though Walmart, too, has thrived as an essential service amid the pandemic, Amazon is benefiting more. In the first ...Read more

Tech Q&A: File problems may not stem from Windows 10

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Q: When I bought a Windows 10 PC last year, I had all my Word files from Windows 7 transferred to the new computer. But I couldn't open those files using Word on Windows 10, and Word was unable to convert the files to a format that it could read. As a result, I had to use a program called Cool File Viewer that allowed me to open all my old ...Read more

Media mogul Sumner Redstone, whose empire included Viacom and CBS, dies at 97

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LOS ANGELES -- Sumner Redstone, the pugnacious Hollywood titan who controlled media giants Viacom and CBS Corp., died Tuesday after a lengthy illness, according to National Amusements, the Redstone family's private holding company that controls what is now ViacomCBS. He was 97.

Redstone coined the phrase "content is king," and he firmly ...Read more

Amid COVID-19, she reinvented her boutique as a houseplants shop. Business is booming

Business / Business News /

LOS ANGELES -- Pico Boulevard has been quieter than usual since the beginning of the coronavirus outbreak, but Amorette Brooms' Queen Boutique, a tiny storefront west of La Brea Avenue, has been busy.

The self-proclaimed "Mid-Wilshire girl" grew up in the neighborhood and has sold fashion accessories at her boutique for more than a decade.

But...Read more

Delta tests temperature screening at LAX with pilot project

Business / Business News /

Delta Air Lines is testing a system for screening passengers' temperatures at Los Angeles International Airport, an extension of a pilot project the airport is doing at its international terminal.

Atlanta-based Delta said the pilot project using thermal imaging cameras started Tuesday at LAX for passengers flying out of Terminal 2 and is set to...Read more

Kodak boosted lobbying effort in months leading to loan

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Eastman Kodak Co. significantly increased its spending to lobby the federal government in the months before the Trump administration announced a $765 million loan to the beleaguered camera company.

Kodak spent $870,000 lobbying Congress and federal agencies from April through June, according to public disclosures filed with Congress. The ...Read more

Delta says it will double share of Black officers, directors by 2025

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Delta Air Lines CEO Ed Bastian said the company will double its percentage of officers and directors who are Black by 2025.

Companies and other institutions have faced increasing pressure to take action on diversity efforts in the wake of events that have highlighted racial disparities in the country, including the police killings of Rayshard ...Read more

Medtronic hopes to expand share of diabetes management market with new acquisition

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Medtronic is buying Companion Medical, a San Diego-based firm makes the only smart insulin pen with an integrated diabetes management app approved by the Food and Drug Administration.

Terms of the deal announced Tuesday were not disclosed.

The FDA in June expanded Companion Medical's InPen for use in all people over 7 years of age. Through use...Read more

Qualcomm wins reversal of antitrust verdict in long-running battle with the FTC

Business / Business News /

Qualcomm has won its appeal to overturn last year's antitrust verdict in a case brought by the U.S. Federal Trade Commission, potentially ending a bitter saga that threatened the San Diego company's lucrative patent licensing business.

A three-judge panel of the 9th Circuit Court of Appeals on Tuesday reversed U.S. District Judge Lucy Koh's ...Read more