Business13:00
Business, jobs, economics and entrepreneurship.
Los Angeles Times © 2021

 
 
1. 'People should be worried': 23andMe bankruptcy could expose customers' genetic data13:00[-/+]
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The direct-to-consumer DNA testing service 23andMe filed for bankruptcy earlier this month, putting millions of customers' genetic information up for sale.


2. Six Flags Magic Mountain's record-setting Superman coaster will fly no more04:10[-/+]
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Six Flags Magic Mountain's "Superman: Escape from Krypton," once among the fastest and tallest roller coasters in the world, has reportedly taken its final flight.

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3. Former Anaheim mayor sentenced in Angel Stadium corruption probe01:32[-/+]
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Former Anaheim Mayor Harry Sidhu was sentenced Friday to two months in federal prison in a sprawling FBI corruption probe linked to the since-scuttled sale of Angel Stadium.


4. What Trump's planned tariffs on imported vehicles and auto parts means for car buyersПт, 28 мар[-/+]
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Economic experts and analysts expect the tariffs will increase the price of cars.

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5. FCC chair opens investigation into Disney and ABC for DEI practicesПт, 28 мар[-/+]
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Federal Communications Commission Chairman Brendan Carr has opened an inquiry into Disney and ABC's DEI programs, marking the second investigation of a major media company.

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6. Contributor: It's no metaphor — undersea cables hold together our precarious modern lifeПт, 28 мар[-/+]
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The Elon Musks of the world might want us to believe that Starlink is the true wave of the future, but we will be using underwater cable systems for at least the next three decades.


7. Expansive offices for Apple are rising in Culver CityПт, 28 мар[-/+]
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Construction crews have erected cranes and are building upward on two bronze-colored structures expected to house Apple's television streaming service and expand its presence in Culver City.

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8. Jen Salke to step down from her role at Amazon MGM StudiosПт, 28 мар[-/+]
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Jen Salke, head of Amazon MGM Studios, will step down from her role, according to an internal email from the company. She will start her own production entity.


9. Mexico races to stall or evade Trump's 25% auto tariffsПт, 28 мар[-/+]
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Mexico is working to stall or reduce Trump's 25% tariff on foreign-made autos. Canada denounced Trump's executive order but Mexico is taking a more subdued approach.


10. Hiltzik: Columbia University's capitulation to Trump puts academic freedom at risk coast to coastЧт, 27 мар[-/+]
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After Trump threatened Columbia University with the loss of $400 million in federal funding, the university folded. But Trump's threat was almost surely illegal.


11. These departments investigating Elon Musk have been cut by DOGE and the Trump administrationЧт, 27 мар[-/+]
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Elon Musk has benefited from his close alliance with Donald Trump, as the president has ousted federal officials who had overseen departments investigating the billionaire's multiple companies.

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12. Rivian spins out startup focused on small, lightweight electric vehiclesСр, 26 мар[-/+]
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Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles.


13. Straight Outta L.A.: Ice Cube's new BIG3 team is the Riot and 'here to shake things up'Ср, 26 мар[-/+]
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Naming Los Angeles' BIG3 team the Riot might be controversial, but league founder Ice Cube says the moniker 'represents the resilience, passion, and unbreakable spirit of' the city.


14. California in settlement talks with Uber, Lyft over wage theft claimsСр, 26 мар[-/+]
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App-based drivers plan to demonstrate in L.A., San Francisco and San Diego on Wednesday as the state continues negotiations with gig economy companies.

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15. Inside Paramount's bumpy sale: the president, a scion and a possible sheikhСр, 26 мар[-/+]
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'They have to get [the deal] approved,' said Mario Gabelli, a longtime Paramount shareholder. Gabelli and others are eager for a new chapter, but the Skydance deal has turned into a fitful slog.

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16. Hiltzik: 23andMe files for bankruptcy, putting its hoard of personal health information at riskСр, 26 мар[-/+]
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23andme says it owns the aggregated genetic data of its customers, meaning it can sell it to the highest bidder


17. L.A.-China flight diverted, delayed for hours after pilot forgets passportСр, 26 мар[-/+]
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United Flight 198 left LAX on Saturday bound for China but was diverted to San Francisco because the pilot "did not have their passport onboard."


18. Amazon finds new James Bond producers after taking over from Broccoli familyВт, 25 мар[-/+]
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Amy Pascal and David Heyman will take the helm just as longtime Bond producers Barbara Broccoli and Michael G. Wilson have given over creative control to Amazon MGM Studios.


19. Two years after crippling strikes, Hollywood studios pick a new leader in labor negotiationsВт, 25 мар[-/+]
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The Alliance of Motion Picture and Television Producers named attorney Greg Hessinger as its new president. The role was previously filled by Carol Lombardini, who announced her retirement last year.


20. After L.A. wildfires, experts offer a road map for how to speed up recoveryВт, 25 мар[-/+]
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A prominent group of academics and real estate industry experts has crafted a far-reaching plan to hasten the recovery of Los Angeles County neighborhoods devastated by the January wildfires.


21. Hiltzik: Acting commissioner's disastrous reign shows that Social Security needs protection from TrumpВт, 25 мар[-/+]
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Acting Commissioner Leland Dudek leaves Social Security beneficiaries worried about their checks. They should be.

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22. Stocking up for a cocktail crisis: How bars, distillers and tequila importers are bracing for a trade warВт, 25 мар[-/+]
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Bars, wine shops and importers are anxious about Trump's proposed tariffs, which they say will imperil an industry already facing serious challenges.


23. Pasadena school district files lawsuit against Edison over Eaton fire damagesПн, 24 мар[-/+]
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The Pasadena Unified School District has filed a lawsuit against Southern California Edison seeking damages for the loss of school buildings and the costs of managing its response to the Eaton fire.

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24. Endeavor officially goes private as Ari Emanuel and Patrick Whitesell change rolesПн, 24 мар[-/+]
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Beverly Hills entertainment company Endeavor became a privately owned company Monday, with Ari Emanuel, previously the CEO, becoming executive chairman of WME Group — which runs businesses such as the WME talent agency and IMG Licensing.


25. 23andMe shares tumble after bankruptcy filing and California attorney general's privacy warningПн, 24 мар[-/+]
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Shares in genetic testing firm 23andMe dropped Monday after the company declared bankruptcy and California reminded consumers of their right to have their data deleted.


26. Disney's 'Snow White' opens with a lackluster $43 million amid controversies, poor reviewsВс, 23 мар[-/+]
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Disney's live-action 'Snow White' debuts after weathering dust-ups around politics, race and its star's comments about the 1937 original.


27. Changing your married name? Expect a mound of paperworkСб, 22 мар[-/+]
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Whenever you change your name, you can expect a mound of paperwork.


28. Musk tells Tesla employees to hold on to their stock amid protestsПт, 21 мар[-/+]
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In an all-hands company meeting broadcast on X, Tesla Chief Executive Elon Musk urged employees to hold on to their shares, which have fallen in value by 34% year to date.


29. AI could take your next drive-through order. Taco Bell parent Yum Brands and Nvidia's partnership explainedПт, 21 мар[-/+]
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Restaurants are experimenting with AI voices to help take orders at drive-throughs and call centers.


30. Hiltzik: Why Tesla's bumpy ride may not be overПт, 21 мар[-/+]
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Tesla's sales are cratering, its stock is plummeting, and its most prominent product is a joke. Is it finally crashing to Earth?


31. OpenAI takes its pitch to Hollywood creatives after launching controversial video toolПт, 21 мар[-/+]
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OpenAI held a screening event on Wednesday, where several filmmakers touted work they made with the startup's text-to-video tool Sora.


32. Treasured California dairies to close. Point Reyes locals say it's conservation gone madПт, 21 мар[-/+]
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Environmentalists are celebrating a legal settlement that will close historic family dairies they say are degrading Point Reyes National Seashore. Locals say the settlement shows no understanding of this place and its people.


33. Disney's Bob Iger announces 'Coco' sequel at shareholder meetingЧт, 20 мар[-/+]
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Walt Disney Co. announced a new film, crowed over theatrical and series successes and emphasized investment in its parks division at its annual shareholders meeting Thursday.


34. Hate doing dishes? This restaurant dishwasher cleans 500 a shift and says it's her therapyЧт, 20 мар[-/+]
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Restaurant dishwasher is a fast-paced, physically hard job that is among a dining establishment's most important roles. Sophia Velador has been doing it for more than 10 years. Here's why she loves it.

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35. Luxury at LAX? How Delta is going after the high-end marketЧт, 20 мар[-/+]
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Delta Airlines opened a new luxury lounge at Los Angeles International Airport in October, catering to high-end customers who want an elevated travel experience.

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36. Contributor: The National Labor Relations Act worked for 90 years. Suddenly, it's in the crosshairsЧт, 20 мар[-/+]
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What do Starbucks, Trader Joe's and the Trump administration share? The radical notion that long-standing law governing labor disputes must be declared unconstitutional.


37. Hiltzik: Inside the tell-all book that Mark Zuckerberg is trying to suppressЧт, 20 мар[-/+]
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Meta succeeded in preventing a tell-all author from promoting her book — but its action is the best advertisement for the book.


38. Succession, recession and DEI talk. What to expect from Disney's annual meetingЧт, 20 мар[-/+]
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As Disney's annual shareholders meeting approaches, investors and analysts explain what they want to see from the company.


39. Warner Bros. killed a Looney Tunes movie starring John Cena. Now it's back from the deadСр, 19 мар[-/+]
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The shelved Looney Tunes movie "Coyote vs. Acme," also starring Will Forte, may see the light of day after all.


40. Mattel to lay off 120 workers in latest cost-cutting moveСр, 19 мар[-/+]
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Mattel said the job cuts are part of an effort to save money as the company optimizes for growth.


41. Tesla granted taxi permit in California amid protests, vandalismСр, 19 мар[-/+]
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Tesla was granted a permit to operate a taxi service in what is seen as a first step toward driverless taxis for the electric vehicle brand.


42. Their son died after a Magic Mountain roller-coaster ride. Now they're suingСр, 19 мар[-/+]
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Christopher Hawley, 22, died after sustaining severe head injuries from the X2 roller coaster at Magic Mountain, a lawsuit said. The family is looking for answers and is suing for negligence, they said.


43. A record 51 films chosen for California film and TV tax credit programСр, 19 мар[-/+]
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The projects are expected to generate almost $580 million in economic activity and employ more than 6,000 people, according to the California Film Commission.

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44. Trump's transactional diplomacy is reshaping the U.S.-Taiwan relationshipСр, 19 мар[-/+]
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The U.S. has played an important role in Taiwan-China relations for decades. Trump's 'America First' ideology could subvert efforts to preserve a tenuous peace in the region.


45. Taiwan has been important to the U.S. Here's whyСр, 19 мар[-/+]
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U.S. support for Taiwan has ebbed and flowed throughout the decades. Here's what's at stake as Trump rewrites the rules of diplomacy.


46. Hiltzik: Sen. Alan Simpson's legacy was tainted by his attacks on Social SecurityСр, 19 мар[-/+]
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As a GOP Senator, Alan Simpson attacked Social Security with insults and lies. Why has Washington overlooked his record?


47. Hollywood producers say they are misunderstood. Here's what they're doing about itСр, 19 мар[-/+]
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As producing credits have expanded over the years, actual producers are trying to better define their roles and get benefits including healthcare.


48. California puts $25 million toward worker safety outreach amid fire rebuilding effortsСр, 19 мар[-/+]
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A portion of the funds will be funneled toward education around protecting workers involved in fire debris removal and reconstruction.

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49. Hollywood creatives urge government to defend copyright laws against AIВт, 18 мар[-/+]
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More than 400 Hollywood creatives, including director Guillermo del Toro, comedian Chris Rock and "Wicked" actor Cynthia Erivo, signed a letter urging the White House Office of Science and Technology to uphold existing copyright protections.


50. Adults-only hotels are all over California. Are they even legal?Вт, 18 мар[-/+]
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Alila Marea Beach Resort in Encinitas recently became Southern California's "only adults-only oceanfront resort," sparking a debate about state law.


51. Hiltzik: Most of what you've heard about the stock market's gyrations is wrong, probablyВт, 18 мар[-/+]
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The stock market has plunged rapidly this year, but it was already looking overheated.


52. Pasadena-based Tetra Tech's stock falls after Trump's USAID cutsВт, 18 мар[-/+]
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The Pasadena-based company, which provides consulting and engineering services, was awarded multibillion-dollar USAID contracts last year, but the Trump administration has been slashing foreign aid.


53. Fast fashion pioneer Forever 21 files for bankruptcy — againПн, 17 мар[-/+]
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The Los Angeles-based fast fashion retail chain Forever 21 filed for bankruptcy Sunday for the second time in six years after struggling to keep up with competitors.

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54. Southern California cities top credit card debt list in new studyПн, 17 мар[-/+]
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A new WalletHub study showed several Southern California cities have the most credit card debt in the U.S. Here's why experts say it's a good thing.


55. 'Joker,' 'Matrix' producer files for bankruptcy protection amid Warner Bros. fightПн, 17 мар[-/+]
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The company attributed its red ink to its protracted battle with Warner Bros. over the release of "The Matrix Resurrections" and a push into independent production. Village Roadshow said a potential sale last year collapsed because of uncertainty surrounding the dispute.


56. Conan O'Brien to return as host of 2026 Oscars on ABCПн, 17 мар[-/+]
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The comedian received positive reviews for emceeing the just-wrapped 97th Academy Awards, which saw a slight boost in viewership.

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57. Bowing out of trustee duty, claiming Social Security benefits and other financial tipsВс, 16 мар[-/+]
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If you've already started Social Security and your spouse is at least 62 years old, they should be able to claim a spousal benefit based on your work record.


58. L.A. man scalded by Starbucks drinks is awarded $50 millionВс, 16 мар[-/+]
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Starbucks has been ordered to pay $50 million to a customer who suffered severe burns and disfigurement after hot drinks spilled in his lap in 2020.

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59. Tesla raises concerns over retaliatory tariffs in unsigned letterСб, 15 мар[-/+]
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In a letter addressed to the U.S. Trade Representative, Elon Musk's Tesla warned that retaliatory tariffs could affect production and harm U.S. companies.


60. Insurance commissioner 'provisionally' grants State Farm's 22% rate hikeПт, 14 мар[-/+]
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California Insurance Commissioner Ricardo Lara decided Friday to provisionally grant State Farm General's request for a 22% hike in its homeowner insurance rates pending a formal rate hearing next month.

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61. Spotify removes an Andrew Tate podcast from its platformПт, 14 мар[-/+]
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Audio streaming platform Spotify said it has removed a podcast from influencer Andrew Tate for violating the company's policies.


62. California businesses are reeling from Trump's on-again, off-again tariffsПт, 14 мар[-/+]
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Business owners around the state struggle to keep up with an ever-changing slew of trade policies.

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63. Long Beach Convention Center subcontractor accused of wage theft, tax evasionПт, 14 мар[-/+]
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Unite Here Local 11 accused event management company 1Fifty1 Inc., subcontracted by the Long Beach Convention Center, of paying workers under the table with envelopes of cash. The company's contract was canceled.

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64. Fear and loathing grip L.A. hotels as Trump deportation threats loomЧт, 13 мар[-/+]
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Los Angeles-area hotel workers urge employers to protect them from Trump deportation threats.

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65. Don't mess with Mexico's maiz: Constitutional amendment to ban GMO corn seedsЧт, 13 мар[-/+]
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To protect thousands of varieties of Mexico's prized heirloom corn, leaders vote to amend the constitution to ban the planting of genetically modified corn seeds.


66. Hiltzik: Are White House insiders using Trump's tariff announcements to play the stock market? It's not that simpleЧт, 13 мар[-/+]
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Suspicion is rising that Trump and his aides are manipulating stocks via tariff announcements. Is that even possible?


67. Tech stocks keep tumbling this year. Here's whyЧт, 13 мар[-/+]
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Various factors have weighed on tech stocks this year, including investor unease over Trump's tariffs and AI spending.


68. With live-action 'Snow White,' Disney finds itself again in culture war crosshairsЧт, 13 мар[-/+]
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Disney's live-action 'Snow White' has faced a difficult road to its opening next week, with external controversies dogging it at every step.


69. 'Pokemon Go' sells to Saudi-backed Scopely in $3.5-billion dealЧт, 13 мар[-/+]
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Scopely, a mobile game company, will purchase 'Pokemon Go' and other games from developer Niantic in a deal worth $3.5 billion, the companies announced Wednesday.


70. California farm groups look to stabilize workforce amid crackdown on illegal immigrationСр, 12 мар[-/+]
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As the Trump administration cracks down on illegal immigration, California farm groups are working to influence legislation that would ensure a stable supply of laborers for an industry long reliant on a foreign-born workforce.

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71. Hiltzik: A small study of COVID vaccine aftereffects triggers a political and scientific stormСр, 12 мар[-/+]
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A small study of COVID vaccine injuries raises the question of whether it should even have been published

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72. Contributor: Why the Trump administration is easing up on crypto crime at exactly the wrong momentСр, 12 мар[-/+]
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The Securities and Exchange Commission is scaling back its unit that deals with cryptocurrency enforcement. Scams using the technology are rampant.


73. 'The Apprentice' made Trump a reality TV mogul. Now Amazon is putting it back in the spotlightСр, 12 мар[-/+]
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'The Apprentice,' which premiered in 2004, helped propel Donald Trump to new heights and set the stage for his political career. Now it's streaming on Amazon.


74. Getting a filling — at the mall. Why dentists and other wellness tenants are in big demandСр, 12 мар[-/+]
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Dental offices and other wellness tenants are now prominent in many shopping centers.

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75. California Senate leader urges Dodgers to drop oil and gas advertisersСр, 12 мар[-/+]
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Removing 76 gasoline ads 'would send the message that it's time to end our embrace of polluting fossil fuels,' Senate Majority Leader Lena Gonzalez wrote.

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76. L.A. investigating banking discrimination complaints against ArmeniansСр, 12 мар[-/+]
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Los Angeles officials are reaching out to the local Armenian community for assistance with an ongoing investigation into allegations of discriminatory banking practices.

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77. Trying to buy that NSFW hat for the Angels, Rangers and Astros? You may be out of luckСр, 12 мар[-/+]
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The Angels', Rangers' and Astros' New Era Overlap hats that feature a mashup of the teams' logos have been pulled from stores because those designs proved to have controversial names.


78. At Southwest Airlines, bags will no longer fly freeСр, 12 мар[-/+]
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Southwest Airlines announced Tuesday that it plans to end its decades-long practice of offering two free checked bags to every customer.


79. Hiltzik: RIP Kevin Drum, nonpareil blogger on public policy, 1958-2025Вт, 11 мар[-/+]
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Kevin Drum, a pioneering blogger on public policy, passed away March 7 after a long battle with cancer

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80. Hiltzik: A Social Security insider describes DOGE's rampage at the agency and the threat to your benefitsПн, 10 мар[-/+]
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How a DOGE team ran roughshod through the Social Security Administration, gaining access to personal data and putting benefit payments in jeopardy.


81. CBS hits back at FCC over probe into '60 Minutes' editsПн, 10 мар[-/+]
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CBS argued that the news distortion complaint should be dismissed, saying the U.S. Supreme Court has never 'recognized a sweeping right by the government to second guess editorial decision-making.'


82. L.A. wildfires prompt surge in local home furnishings marketПн, 10 мар[-/+]
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Sellers say sales are up as thousands of Angelenos replace lost furniture and other home decor.


83. Thought inflation was bad? Health insurance premiums are rising even fasterПн, 10 мар[-/+]
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Californians are struggling to keep up with health insurance premiums ballooning faster than inflation.


84. Elon Musk's feud with OpenAI CEO Sam Altman, explainedПн, 10 мар[-/+]
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Elon Musk's legal dispute against OpenAI could affect the future of one of the most prominent leaders in artificial intelligence.


85. 'Parasite' director Bong Joon Ho's new film, 'Mickey 17,' off to a slow box office startВс, 09 мар[-/+]
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The sci-fi thriller is director Bong Joon Ho's first film since the Oscar-winning "Parasite" in 2019. But it has had a slow start at the box office.


86. How to handle cash savings of deceased parentsВс, 09 мар[-/+]
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Liz Weston offers advice on how to handle cash savings from deceased parents.


87. Malibu businesses struggling in the aftermath of fire and PCH restrictionsСб, 08 мар[-/+]
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Two months after the Palisades fire, customers of Malibu businesses have been displaced or blocked by restrictions on Pacific Coast Highway. Restaurants and shops tell the world they're open for business.


88. Trump's Justice Department still wants to break up GoogleСб, 08 мар[-/+]
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The Department of Justice is reaffirming a proposal that a court force Google to sell Chrome to restore competition in online search.


89. State Farm executive fired over comments about rate hikesСб, 08 мар[-/+]
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Haden Kirkpatrick, a top State Farm executive, said he was fired after being recorded in an undercover video making disparaging remarks about Pacific Palisades homeowners.

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90. Hiltzik: After Maine's governor publicly challenged him, Trump threw the state's Social Security into chaosПт, 07 мар[-/+]
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Maine Gov. Janet Mills upbraided Trump over his transgender policies. Was his cancellation of a key Social Security policy in her state a retaliation?


91. What to know about Trump's plans for a 'Strategic Bitcoin Reserve'Пт, 07 мар[-/+]
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President Trump signed an executive order to establish a 'Strategic Bitcoin Reserve' and a 'U.S. Digital Asset Stockpile' ahead of the White House's first crypto summit.


92. Stater Bros. lays off dozens of clerks for the first time in 89 yearsПт, 07 мар[-/+]
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Stater Bros. Markets has laid off dozens of clerks in its Southern California stores, blaming inflation and tariffs, amid a fight for a new labor contract.

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93. Paramount says Trump's CBS '60 Minutes' lawsuit seeks to 'punish' networkПт, 07 мар[-/+]
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Paramount on Thursday asked a federal judge in Texas to dismiss the $20-billion lawsuit. The media company separately has agreed to have a mediator look at the case.


94. California anti-poverty activist accused of defrauding investors out of more than $145 millionПт, 07 мар[-/+]
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The Justice Department has announced the arrest of Orange resident Joseph Sanberg, an anti-poverty activist and co-founder of Aspiration Partners Inc.

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95. Lopez: Trump promised lower food prices immediately, but I gave him six weeks. Here's my grocery billЧт, 06 мар[-/+]
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Trump hammered the cost of groceries on the campaign trail, promising to lower them immediately, but that didn't happen. Makes you want to throw eggs, but they're too expensive.


96. Trump says South Korea wants to invest in the Alaska gas pipeline. Does it?Чт, 06 мар[-/+]
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Some officials in South Korea say agreeing to the pipeline investment might placate the U.S., but Trump is still threatening tariffs.


97. In dizzying reversal, Trump pauses tariffs on some Mexican and Canadian productsЧт, 06 мар[-/+]
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President Trump said the U.S. will delay tariffs on some Mexican products for one month.


98. Tesla makes step toward robotaxi services in California. What to knowЧт, 06 мар[-/+]
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Tesla applied for a transportation charter-party carrier permit — a prerequisite for self-driving taxi programs in California — last November. Here's what you should know.


99. Hiltzik: The results are in: During 2024, actively managed mutual funds again stankЧт, 06 мар[-/+]
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Most actively managed stock funds kept up their record last year of trailing index funds by a wide margin.


100. Consumer agency drops Zelle lawsuit against big banks in latest legal pullbackЧт, 06 мар[-/+]
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The CFPB has dropped a lawsuit accusing Zelle and its bank backers of failing to clamp down on fraud. It's Trump administration's latest move to drop enforcement actions.



 
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