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U.S. stops short of labeling China a currency manipulator

Mié, 10/17/2018 - 20:00

The Treasury Department stopped short of declaring China a currency manipulator in its semiannual report on foreign-exchange rates, averting an escalation of a trade war while serving notice that the United States will closely watch the yuan after its recent slide.

“Of particular concern are China’s...

Tesla's VP of manufacturing is said to have left months ago

Mié, 10/17/2018 - 17:50

Tesla Inc. lost one of its senior manufacturing executives months ago, according to a person familiar with the matter, a loss that lengthens the list of departures during a harried period for the electric-car maker led by Elon Musk.

Gilbert Passin, Tesla’s vice president of manufacturing, left...

Huntington Beach startup Rocket Lab plans to launch small satellites from Virginia coast

Mié, 10/17/2018 - 17:35

Southern California startup Rocket Lab said Wednesday that it will propel small satellites into orbit from Virginia, an endeavor that reflects increasing demand from companies and governments alike to monitor ships, crops and the weather from space.

Rocket Lab said it will build its launchpad at...

Prudential is freed from 'too big to fail' label and the tough oversight that came with it

Mié, 10/17/2018 - 16:35

U.S. regulators agreed to stop labeling Prudential Financial Inc. as too big to fail, making the insurance company the last non-bank to escape a post-crisis designation subjecting firms to extra oversight.

The Financial Stability Oversight Council agreed in a Tuesday vote that Prudential doesn’t...

American Airlines' $1.6-billion LAX overhaul is the carrier's costliest airport investment

Mié, 10/17/2018 - 16:15

American Airlines has kicked off its $1.6-billion overhaul at Los Angeles International Airport, one of a series of pricey LAX upgrades that will add gates, bigger bathrooms and floor-to-ceiling windows at the carrier’s terminals.

A groundbreaking ceremony Wednesday attended by Los Angeles Mayor...

Twitter shares millions of tweets linked to Russia and Iran, shedding light on manipulative messaging

Mié, 10/17/2018 - 15:55

Twitter Inc. has published data sets composed of millions of tweets, images and videos and thousands of accounts linked to operatives based in Russia and Iran, shedding light on how bad actors outside the United States sought to manipulate social-media discourse in their home countries and abroad.


Burger chains still lag on antibiotic policies

Mié, 10/17/2018 - 13:50

Consumer groups scorched nearly every fast-food burger chain in the country for continuing to buy beef raised using antibiotics in ways that make them less effective on humans.

Only two small but up-and-coming chains, Shake Shack and BurgerFi, received A grades in an annual report card issued Wednesday...

As Trump slams Fed, its policymakers are tuning him out — and moving ahead with rate hikes

Mié, 10/17/2018 - 13:00

President Trump has been slamming the Federal Reserve for raising interest rates, but the central bank's officials appear to be tuning him out.

There was no mention of Trump or his unusual public criticism at the Fed's Sept. 25-26 monetary policy meeting, according to an official account released...

Pension fund officials in four states want Facebook CEO Mark Zuckerberg removed as chairman

Mié, 10/17/2018 - 13:00

Public officials in four states say they want Facebook to have an independent board chair, effectively calling for the removal of Chief Executive Mark Zuckerberg as chairman due to the social media company’s recent scandals.

The state treasurers of Illinois, Rhode Island and Pennsylvania, along...

An expert dismantled a Tesla Model 3. He found poor design and manufacturing are squandering profits

Mié, 10/17/2018 - 12:05

The manufacturing analysts who spent 6,600 hours inside a warehouse north of Detroit picking apart a Model 3 have good news and bad news for Tesla Inc. The company now boasts the best technology of any electric car, with potential profit margins that would be the envy of most automakers. But Tesla...

Stocks lower in early trading following biggest gain in six months

Mié, 10/17/2018 - 09:25

U.S. stocks are lower Wednesday morning following their biggest gain in more than six months.

IBM tumbled after it announced disappointing quarterly revenue and homebuilders are sinking after the Commerce Department said construction of new homes dropped in September. Netflix jumped after it announced...

Why does SpaceX stay in the costly Los Angeles area? It's where the talent is

Mié, 10/17/2018 - 08:00

A 19-acre site at the Port of Los Angeles populated by dilapidated buildings and rusted cranes is playing a key role in SpaceX’s long-standing plan to colonize Mars. In two to three years, hundreds of workers could be swarming over SpaceX’s massive BFR rocket and spaceship system there.

About 20...

'We're back,' YouTube says after reports of widespread outages

Mar, 10/16/2018 - 23:45

YouTube, the world’s biggest online video sharing and streaming service, said it restored service after engineers worked to address intermittent outages Tuesday night.

“We’re back! Thanks for all of your patience. If you continue to experience issues, please let us know,” YouTube, part of Google-parent...

Cable industry wants to snatch airwaves away from 'talking cars'

Mar, 10/16/2018 - 17:55

Twenty years ago, automakers won exclusive rights to use a portion of U.S. airwaves for ultra-safe “talking cars” that would communicate with one another wirelessly, seeing around corners and averting collisions.

That future hasn’t arrived. Now, with just one talking vehicle on the road — a lone...

L.A. County office market notches another solid quarter amid sustained tech boom

Mar, 10/16/2018 - 17:50

The Los Angeles County office market notched another solid quarter for landlords as rents moved up and occupancy held steady.

Expanding technology companies such as shopping app Honey again led the way in the third quarter, real estate brokerage CBRE reported, part of a pattern of growth that has...

America has a record 7.1 million job openings. It might be time to ask for a raise

Mar, 10/16/2018 - 17:40

The United States has a record number of job openings, another sign workers have greater opportunity to find better jobs, according to data the Labor Department released Tuesday.

The nation had 7.136 million job openings in August, the highest on record since the Labor Department began tracking...

Judge clears way for debt-relief rule to help defrauded students

Mar, 10/16/2018 - 17:35

Students defrauded by for-profit colleges scored an important victory Tuesday, when a court cleared the way for an Obama-era policy that will make it easier for them to get their student loans forgiven.

Education Secretary Betsy DeVos had said the regulation, known as the borrower defense, made...

Netflix shares surge after streaming giant posts strong third-quarter earnings

Mar, 10/16/2018 - 16:15

Netflix Inc. shares jumped 11% in after-hours trading after the company reported a surge in subscriber growth and stronger-than-expected profit.

The Los Gatos, Calif., company on Tuesday posted third-quarter earnings of $402.8 million, or 89 cents per share.

The results easily topped Wall Street...

Stocks surge on earnings and economic data; Dow climbs 500 points

Mar, 10/16/2018 - 14:05

World stock markets were rallying Tuesday, and U.S. stocks were on track for their second-largest gain in 2018 following strong earnings reports from major U.S. companies in finance and healthcare. Technology companies were also rising after their recent slump. The Dow Jones industrial average...

A $120-billion valuation would give Uber a shot at IPO record

Mar, 10/16/2018 - 09:20

Uber Technologies’ long-awaited initial public offering could be a record setter.

The ride-hailing giant received proposals valuing it at as much as $120 billion, according to the Wall Street Journal, which cited people familiar with the matter. That’s nearly twice as high as the valuation from...