Business
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Amazon accused of 'greenwashing' seafood products
SEATTLE -- On Amazon, some seafood products are labeled “wild caught” and “responsibly sourced,” but a lawsuit filed Friday suggests there’s something fishy going on.
In a proposed class-action lawsuit filed in Seattle federal court, two consumers accused the e-commerce giant of “greenwashing,” or falsely marketing seafood ...Read more
Jeff Bezos files to sell $4 billion in Amazon stock
SEATTLE -- Jeff Bezos filed plans Monday to sell nearly $4.1 billion in Amazon stock as shares hit a new all-time high.
Since stepping down as Amazon’s CEO in 2021, the company’s founder has been selling off tens of billions of dollars’ worth of Amazon stock. The sales are part of prearranged trading plans, which are meant to shield ...Read more
How Nike insiders were charged with conspiring to steal millions of dollars' worth of sneakers
LOS ANGELES — One day last fall, Roy Lee Harvey got into a Lyft in Phoenix and headed across town. He and the driver started chatting, and authorities say Harvey told the man about his work buying high-end Nike sneakers from shoe companies and reselling them for a healthy profit.
The Lyft driver thought it sounded like a good business ...Read more
Port of Long Beach buys downtown office tower as vacancies surge
LOS ANGELES -- The Port of Long Beach has continued to plant roots downtown with the acquisition of an office tower.
The port spent $36 million to buy the property at 100 Oceangate, a 13-story building across the street from the port's headquarters and less than a 10-minute drive from the port.
The purchase comes as the office vacancy rate in ...Read more
Saudi Arabia's PIF completes acquisition of Electronic Arts
Electronic Arts is now a private company, owned by Saudi Arabia's Public Investment Fund (PIF), Silver Lake and Affinity Partners.
The $55 billion acquisition of the gaming giant was first announced last September, approved by EA's shareholders in December, and completed on Tuesday, according to a press release. The deal marked the largest all-...Read more
'Toy Story 5' boosts Disney's earnings with massive movie ticket and toy sales
LOS ANGELES — After more than three decades, Jessie, Buzz Lightyear and Woody are still moneymakers for Walt Disney Co., as "Toy Story 5" ticket sales and merchandise helped power the company's fiscal third quarter earnings.
The Burbank media and entertainment giant reported revenue of $25.2 billion for the three-month period that ended June ...Read more
Gautam Mukunda: Anthropic is teaching CEOs everywhere a valuable lesson
America’s artificial intelligence titans recently banded together to urge the government not to restrict so-called open-weight AI models, or those that are publicly available for users to freely download and run on their own platforms, so that they can better compete with the ones coming out of China. All the usual suspects -- Nvidia Corp., ...Read more
Why related-party loans at issue in the Mark Walter probe are considered risky
LOS ANGELES -- The federal law enforcement probe into the financial affairs of the Dodgers' controlling owner, Mark Walter, seems to focus on what looks like an obscure financial maneuver: related-party transactions.
They are deals between entities with business or personal ties, including loans, sales and other transactions, that can have ...Read more
As one family struggles to open a Chinatown grocery, neighborhood food scarcity persists
LOS ANGELES — Chinatown has always been a North Star in Jessica Wang's life. Growing up in the San Gabriel Valley with her parents, both Taiwanese immigrants, Wang remembers regularly attending First Chinese Baptist Church on Yale Street with her family.
Then, after church, they'd eat.
"I knew we were gonna have dim sum," Wang said, "or ...Read more
Josh Farley: I will not roll over for AI. Neither should you
In the final season of HBO’s Hacks," Hannah Einbinder’s character, Ava, goes ballistic on an AI developer. When her boss and best friend, Deborah, played by Jean Smart, contemplates inputting a career’s worth of stand-up jokes into a ChatGPT-like large language model, Ava loses it.
“You either get on board or you get left in the past,�...Read more
How an LA vintage boutique became a billion-dollar company
LOS ANGELES — What started as a little tailored vintage clothing store on La Brea Avenue blossomed into a billion-dollar company.
Reformation, the women's clothing company, is known for its sustainable mission and slogan: "Being naked is the #1 most sustainable option. We're #2."
Its clothes have been spotted on the shoulders of celebrities ...Read more
How to save on back-to-school shopping with tax-free weekends
There’s no disputing that the cost of consumer goods has soared. Even though the U.S. inflation rate has cooled somewhat as of July 2025, prices are still slow to fall in many sectors. Since what was once economical may now be expensive, the prospect of shopping for your child’s school items could be daunting.
And sales taxes are an extra ...Read more
Tech review: 4 accessories for heading back to school
It’s back to school time, and if you’ve got kids in high school or you’re sending them off to college, they’ll need some technology. Everyone should have their own laptop, and along with it, they’ll need some accessories.
Here are four things I’ve been testing that’ll be a big help for your scholars.
Boulies EP500
Anyone who ...Read more
Not married and need car insurance? You can get dinged for that in California
LOS ANGELES — California has long been known as a progressive state that embraces evolving lifestyles, but when it comes to auto insurance, it seems stuck in the 1950s.
Single, divorced or widowed and need coverage for your car? You might very well pay more than your married neighbor — a penalty sanctioned by the state and judiciary.
A ...Read more
A friend tried to save them from a burning Cybertruck. Now electronic doors face federal scrutiny
Nearly two years after three young people died of smoke inhalation inside a burning Tesla Cybertruck in Piedmont California, as a friend struggled to open its doors, federal regulators are considering new safety requirements intended to prevent occupants from becoming trapped when electronic latches lose power.
The National Highway Traffic ...Read more
S&P 500 rises to all-time high on Hormuz deal push: Markets wrap
Hopes for an agreement to revive the Strait of Hormuz lifted stocks to all-time highs, bonds climbed and oil sank, with Wall Street’s enthusiasm also fueled by a batch of solid corporate earnings.
Both the S&P 500 and the Dow Jones Industrial Average rose to records. The Nasdaq 100 jumped 3.3%. Chipmakers saw their best four-day rally since ...Read more
Illinois Gov. JB Pritzker signs protections against insurance rate hikes
Drivers and homeowners will have greater protections against insurance rate hikes after Gov. JB Pritzker on Tuesday signed legislation prohibiting excessive increases.
“It’s not asking too much to say to insurance companies, ‘If you’re telling your customers that rate hikes are necessary, you should be able to prove why,’” Pritzker ...Read more
Paramount's David Ellison says critics don't get his politics
Paramount Chairman David Ellison believes the tug-of-war over his proposed $111 billion purchase of Warner Bros. Discovery comes down to a single question: Can he be trusted to control CNN?
"I believe this fight is not really about market share," Ellison wrote in a Tuesday op-ed in The New York Times, noting that regulators around the world, ...Read more
USDA secretary to Minnesota farmers: Better times will come once Iran war ends
MORGAN, Minn. — U.S. Secretary of Agriculture Brooke Rollins said farmers need to see more reductions in the price of fertilizer while promoting White House trade policies and the Make America Healthy Again movement Tuesday in a packed Minnesota barn.
Rollins’ remarks at Farmfest, a celebration of Minnesota agriculture, come as crop farmers...Read more
Spotify hits record 300 million premium subscribers
Spotify has officially hit a new record with 300 million premium subscribers.
In its second-quarter earnings report Tuesday, the Swedish streamer called it a "milestone no audio streaming service has ever reached." Spotify said premium subscribers grew 9% and its monthly active users climbed 12% to 777 million. Total revenue increased 14% to �...Read more
Popular Stories
- A friend tried to save them from a burning Cybertruck. Now electronic doors face federal scrutiny
- As one family struggles to open a Chinatown grocery, neighborhood food scarcity persists
- S&P 500 rises to all-time high on Hormuz deal push: Markets wrap
- How an LA vintage boutique became a billion-dollar company
- Tech review: 4 accessories for heading back to school









