Today News


Judge orders new superbug trial after finding that Olympus didn't properly disclose safety concerns


A Seattle judge said Olympus Corp. failed to properly disclose internal emails that raised safety concerns about a redesigned medical scope as early as 2008, several years before the device was publicly tied to deadly superbug outbreaks.

Thursday, Jan 18


Stocks are weighed down by industrial and energy shares

Declines by Boeing, General Electric and other big industrial companies weighed on U.S. stocks Thursday, pulling the major U.S. indexes down from the record highs they set the day before.

Former banker sues Wells Fargo, says he blew whistle on mortgage practices

A former Wells Fargo mortgage banker in Beverly Hills who was fired and later fined by federal regulators has sued the bank, saying he was used as a scapegoat and that regulators ignored his attempts to report bad practices.


Air Force official says a continuing resolution could hurt the B-21 program

Congress’ inability to pass a set budget for this fiscal year could delay delivery of the B-21 bomber, a major project that is key to the revival of the Southern California aerospace industry, an Air Force official warned Thursday.

Uber completes sale of $9.3 billion in stock to SoftBank-led group


Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company.

Taxpayers may pay for secret Zuma satellite lost after SpaceX launch


U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission dubbed Zuma.


Mulvaney requests zero funding for the Consumer Financial Protection Bureau

In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing.


Hackers have stolen about 14% of big digital currencies


Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms.


Amazon has a plan to become profitable. It's called advertising


For more than two decades, Amazon.com Inc. chief Jeff Bezos has famously sacrificed profit for growth, convincing Wall Street that his company’s interests were best served by pouring money into the logistical nuts and bolts that have…


Amazon is considering L.A. and 19 other places for its second headquarters

Amazon.com Inc. said Thursday that Los Angeles and 19 other places are the finalists for the $5-billion second headquarters the giant online retailer plans to build.

Wednesday, Jan 17


SpaceX and Boeing aim to take crews to the space station soon, but Congress has a warning

If all goes according to plan, this year could mark the first time since 2011 that U.S. astronauts will blast off to the International Space Station in an American-made spacecraft.

Stocks rally; Dow closes above 26,000 points for the first time

A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday.

Apple says it will bring much of its overseas cash home under new, corporate-friendly tax law

Apple revealed a plan Wednesday that would make it the first major company to repatriate money from overseas as a result of the new corporate-friendly tax law passed last month.

Mick Mulvaney takes first step toward overhauling Consumer Financial Protection Bureau

Mick Mulvaney once called the Consumer Financial Protection Bureau a "joke ... in a sad, sick kind of way.”


Bank regulator hasn't followed up on its own Wells Fargo recommendations, Democrats allege


Democratic members of the Senate Banking Committee say a key bank regulator has failed to make necessary changes in the wake of the unauthorized accounts scandal at Wells Fargo & Co.

Bitcoin watchers blame the cryptocurrency's slump on the moon


If regulatory concerns aren’t enough to explain bitcoin’s 50% slump from its record high reached last month, how about blaming it on the moon?


Ex-personal assistant charged with $1.2-million wine theft from top Goldman Sachs executive


A former personal assistant to Goldman Sachs Group Inc. Co-President David Solomon is accused of stealing more than $1.2 million worth of rare wine from his boss.

Trader Joe's plans to remove controversial chemicals from its receipts


Trader Joe’s, the grocer known for its eclectic products (and Hawaiian-shirt-clad workers), said it will remove two controversial substances from its register receipts.


Powell gets second Senate committee approval for Federal Reserve chair after nomination expired

A Senate committee on Wednesday for the second time overwhelmingly confirmed Jerome H. Powell to be the next head of the Federal Reserve, a vote that was necessary after his nomination expired at the end of last year.

Bitcoin sinks below $10,000, losing half its value in a month


Bitcoin tumbled below $10,000, bringing its loss to almost 50% from a record set only a month ago, as increased scrutiny from regulators around the world weighs on the digital-coin craze.


American Airlines teams up with the travel platform for Chinese online giant Alibaba

American Airlines, the world’s largest carrier, has formed a partnership to access up to 549 million potential passengers in China.


Come for the food, stay to buy clothes? To attract shoppers, retailers add restaurants to their stores

Los Angeles Times

Retailer Mark Werts was dining in a Hong Kong restaurant a few years ago when he noticed most people were doing more than chewing.


Coalition formed to reverse the drop in international visitors to the U.S.

President Trump’s statement about immigrants aren’t solely responsible for the drop in international travel to the U.S. but they’re not helping, according to members of a new industry coalition dedicated to promoting international tourism…

Disneyland installs walls on Main Street as part of refurbishment project

Disneyland’s famous Main Street is looking more like wall street.


Bitcoin price plunges 20% on worries about a possible cryptocurrency crackdown

Prices of bitcoin and other digital currencies skidded after South Korea's top financial policymaker said Tuesday that a crackdown on trading of cryptocurrencies was still possible.

Tuesday, Jan 16


Dow touches above 26,000 points, but stocks end the day down

Declines by industrial and technology companies weighed on U.S. stocks Tuesday, pulling the market back from its latest record highs.

State attorneys general want Congress to give banks the go-ahead to work with marijuana companies

California’s top law enforcement official and his counterparts in 18 states and territories say Congress must act to end the banking industry’s prohibition on serving the marijuana industry, calling the current state of affairs a public…

Suit by 22 state attorneys general seeks to block FCC's net neutrality repeal

A group of 22 Democratic state attorneys general, including those from California and New York, filed a lawsuit Tuesday seeking to block the Federal Communications Commission’s repeal of tough net neutrality rules for online traffic.


Consumer watchdog agency considers repealing payday lending rules

The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders.


Nutella maker Ferrero to pay $2.8 billion for Nestle's U.S. candy unit


Nestle agreed to sell its U.S. confectionery unit to Ferrero, the Italian maker of Nutella, in the first substantial step away from the candy industry by the company that invented milk chocolate.