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TSA chief defends controversial Quiet Skies surveillance program

Hace 10 horas 12 mins

At a gathering of corporate travel managers, the head of the Transportation Security Administration defended a once little-known program to target airline passengers whose travel patterns raise suspicions.

During an on-stage discussion before thousands of travel managers and in an interview, TSA...

Cable's answer to cool new streaming services? Soaring internet prices

Hace 11 horas 12 mins

The good news: More “skinny bundles” of pay-TV channels will be available to consumers as a growing number of households abandon fat programming packages and seek cheaper online streaming options for home entertainment.

The bad news: Analysts say cable and phone companies, quickly adapting to this...

Astronaut capsule development 'will not be a losing proposition' for SpaceX

Hace 11 horas 12 mins

Despite delays that have pushed initial test flights months behind schedule, SpaceX President Gwynne Shotwell told reporters Monday that a NASA contract to build an astronaut transport capsule “will not be a losing proposition” for the company.

The proclamation comes as SpaceX continues to work...

Stocks fall as investors worry Turkey's economic troubles may spread

Lun, 08/13/2018 - 19:40

Stocks fell further Monday on Wall Street as Turkey's central bank was unable to stop a steep plunge in that nation's currency. That helped lift the value of the dollar, a move that hurts big U.S. exporters.

Stocks were coming off their worst losses in a month as investors worried about financial...

Can consumer loans ever be so expensive they break the law? The California Supreme Court says yes

Lun, 08/13/2018 - 18:00

California’s high court has ruled that interest rates on consumer loans can be so high that they become “unconscionable” and, therefore, illegal — a decision that could call into question the validity of millions of loans and upend the state’s subprime lending market.

In a unanimous opinion released...

Kids are shopping online more. Here's how brands are courting them

Lun, 08/13/2018 - 16:00

Nine-year-old Isabella Colello shops for just about everything online.

She scrolls through the Amazon app on her phone at least once a day. She gets ideas from YouTube, searches on Google for things she wants and sends the links to her dad: pink swimsuits, earrings, Adidas sneakers (he said yes);...

U.S. economy will grow 3.1% this year and then slow, Congressional Budget Office projects

Lun, 08/13/2018 - 15:25

The U.S. economy is projected to grow 3.1% this year as more government spending and tax cuts help propel an expansion, the Congressional Budget Office said Monday.

But the robust run of growth may stall as early as next year, with the U.S. economy expected to slow in 2019 and during the following...

McDonald's plans to modernize 550 California outlets with ordering kiosks and table service

Lun, 08/13/2018 - 14:20

McDonald’s Corp. and its franchisees plan to spend $390 million to update 550 McDonald’s restaurants in California through 2019.

McDonald’s is modernizing its dining rooms, installing new digital menu boards and providing self-order kiosks inside its restaurants, among other improvements.

The kiosks...

California Inc.: Hopes riding high for 'Crazy Rich Asians'

Lun, 08/13/2018 - 07:00

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week.

Consumer spending accounts for about two-thirds of U.S. economic activity, so it’s no small...

Email reveals former Salk Institute president's efforts to discourage gender discrimination suit

Lun, 08/13/2018 - 02:05

The former president of the Salk Institute discouraged one of her professors from suing for gender discrimination, saying in a private email that legal action could damage the La Jolla science center’s reputation — and suggesting it might harm the researcher’s career.

Elizabeth Blackburn, a Nobel...

Saudi fund said to be in talks to invest in Tesla buyout deal

Dom, 08/12/2018 - 12:30

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to people with knowledge of the fund’s plans.

The Public Investment Fund, which has built up a stake just shy...

Death means capital gains take a holiday for heirs selling a house

Dom, 08/12/2018 - 05:00

Dear Liz: I am in my mid-80s and in declining health. I want to advise my beneficiaries about possible taxation on the sale of my home after I expire. I bought the place in 1995 for $152,000. It now has a market value of about $400,000. The issue is whether that gain is taxable upon the sale after...

Disney and other opponents of Anaheim living wage measure say it will have 'severe consequences'

Sáb, 08/11/2018 - 13:40

Opponents of a ballot measure to require the Disneyland Resort and some hotels in Anaheim to pay a living wage say it will have severe consequences for businesses and neighborhoods.

Opponents, including the popular resort and the city’s Chamber of Commerce, on Friday night submitted their position...

Will your hotel minibar be replaced by a robot bartender?

Sáb, 08/11/2018 - 08:00

Robots may be coming for the hotel minibar.

The Los Angeles-based inventor of a small appliance that dispenses mixed drinks will be on display next week at the Western Foodservice & Hospitality Expo, an event at the Los Angeles Convention Center that will feature coffeemakers, water dispensers,...

'Undetectable' plastic 3-D printed guns have been detected by TSA airport screeners

Sáb, 08/11/2018 - 07:00

While lawmakers feud over the release of blueprints for 3-D-printed plastic guns, the Transportation Security Administration wants fliers to know that airport security screeners have been able to spot the so-called untraceable and undetectable weapons in carry-on bags.

The 3-D-printed gun controversy...

California jury awards $289 million to man who claimed Monsanto's Roundup pesticide gave him cancer

Vie, 08/10/2018 - 20:10

A San Francisco jury on Friday found Monsanto liable for a school groundskeeper’s lymphoma that he said developed after years of applying the company’s trademarked Roundup weed killer.

The $289-million verdict in San Francisco County Superior Court is certain to add momentum to a multi-front battle...

Turkey turmoil weighs down U.S. stocks

Vie, 08/10/2018 - 17:50

Stocks in the United States and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system.

Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country’s central bank as well as its financial...

Trump hits Turkey with tariffs after talks to free U.S. minister deadlock

Vie, 08/10/2018 - 17:15

Following an impasse in high-level negotiations to free an America preacher detained in Turkey, President Trump on Friday said he had ordered heavy tariffs on Ankara’s export of steel and aluminum to the United States, a punitive move that deepened a growing political and economic rift with the...

TSA is staying at small airports, may launch dog-screened lines, TSA chief says

Vie, 08/10/2018 - 15:25

Ignore those stories that say the Transportation Security Administration plans to end screenings at the nation’s smaller airports.

That was the message from TSA Administrator David Pekoske, who promised that the federal security agency will continue to staff or oversee security screenings at all...

How your personality traits affect your paycheck

Vie, 08/10/2018 - 15:00

What makes really smart people tick? Why do some end up earning so much more than others? And how much do these disparate outcomes have to do with their personalities? A new study by Miriam Gensowski, at the University of Copenhagen, sheds fascinating light on these and other questions.