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L.A. Times - BusinessHeadlines from latimes.com
It's not looking good for the Spanish banking system. Standard & Poor's just slashed the credit ratings of five banks and said the country is headed into a double-dip recession. One of them, Bankia, just asked the government for 19 billion euros in aid.
WASHINGTON -- Despite Europe's economic troubles, American consumers are feeling better about the economy than at any time since the start of the Great Recession.
Stocks were mixed in early trading on Wall Street amid continuing concerns over the European debt crisis but positive U.S. consumer confidence data.
The stock market struggled for direction Friday morning.
For the first time, a cargo-carrying spacecraft made by a private company arrived at the International Space Station.
That reality, which may have been a factor in the social network's troubled IPO, stems from the complexity of Facebook's advertising technology, analysts say.
As the public joined the frenzy aroundFacebook Inc.'s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network's main business, advertising, was sputtering.
As the public joined the frenzy aroundFacebook Inc.'s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network's main business, advertising, was sputtering.
Distrust of the stock market sharpens as word spreads that big investors and wealthy clients of Wall Street giants had received warnings about Facebook that smaller investors had not.
NEW YORK -Facebook Inc.'s bungled stock-market debut made it clear that big money still rules Wall Street. But this time, the small money got a look at how Wall Street really works - and that could spell trouble for the financial industry.
NEW YORK -Facebook Inc.'s bungled stock-market debut made it clear that big money still rules Wall Street. But this time, the small money got a look at how Wall Street really works - and that could spell trouble for the financial industry.
A state Senate committee approves SB 1161, a bill to ban regulation of Internet phone service, after changes are proposed to uphold some consumer protections.
SACRAMENTO — A controversial bill that would ban state agencies from regulating telephones that use Internet connections passed a state Senate committee after the measure's author accepted amendments that would strengthen some consumer protections.
SACRAMENTO — A controversial bill that would ban state agencies from regulating telephones that use Internet connections passed a state Senate committee after the measure's author accepted amendments that would strengthen some consumer protections.
Fox, NBCUniversal and CBS seek to block Dish's AutoHop, which removes commercials in broadcast TV shows.
Fox Broadcasting, NBCUniversal and CBS Corp. have sued Dish Network to try to sink the satellite company's controversial new ad-skipping feature AutoHop, which makes it possible for subscribers to automatically remove commercials in broadcast TV shows.
Fox Broadcasting, NBCUniversal and CBS Corp. have sued Dish Network to try to sink the satellite company's controversial new ad-skipping feature AutoHop, which makes it possible for subscribers to automatically remove commercials in broadcast TV shows.
The president says continuing the production tax credit and an investment tax credit would save 37,000 jobs that otherwise would be at risk.
NEWTON, Iowa - From a wind-power factory in this battleground state, President Obama urged Congress to extend tax credits he said would save jobs in the field of clean-energy production.
NEWTON, Iowa - From a wind-power factory in this battleground state, President Obama urged Congress to extend tax credits he said would save jobs in the field of clean-energy production.
The state's average gasoline price, though down 5.5 cents from a week earlier, is still higher than during Memorial Day weekend 2008. Analysts say this summer's outlook is difficult to predict.
California drivers will pay record gasoline prices over the Memorial Day weekend but could get relief in the weeks ahead - unless more unplanned refinery outages occur. Then all bets are off, analysts say.
California drivers will pay record gasoline prices over the Memorial Day weekend but could get relief in the weeks ahead - unless more unplanned refinery outages occur. Then all bets are off, analysts say.
The state Public Utilities Commission raises the maximum total capacity for all rooftop solar systems in an electric bill-slashing program to about 5,200 megawatts from 2,400 megawatts.
SACRAMENTO - California is poised to more than double its targeted electricity output from rooftop solar panels.
SACRAMENTO - California is poised to more than double its targeted electricity output from rooftop solar panels.
To make universal coverage work at the state level, you'd need to channel federal healthcare funds into the system. A bill being drafted by Rep. Jim McDermott would allow that to happen.
Universal coverage, Medicare for all, single payer - call it what you will. It's clear that conservative forces are determined to prevent such a system from ever being introduced at the national level. So it's up to the states.
Universal coverage, Medicare for all, single payer - call it what you will. It's clear that conservative forces are determined to prevent such a system from ever being introduced at the national level. So it's up to the states.
The Men in Black are invading theaters this weekend with a mission that others have failed to achieve: knock "The Avengers" off the No. 1 box-office perch.
SpaceX's cone-shaped space capsule performed a series of delicate maneuvers in outer space that proved to NASA officials that it was ready to move in for its historic docking attempt with the International Space Station.
As protesters rally in Seattle, Amazon tells shareholders it's cutting ties to a conservative public-policy group.
SEATTLE — Amazon.com Inc., addressing issues that have drawn heavy criticism of the company, told shareholders that it planned to improve warehouse conditions and drop its membership in a conservative public-policy organization.
SEATTLE — Amazon.com Inc., addressing issues that have drawn heavy criticism of the company, told shareholders that it planned to improve warehouse conditions and drop its membership in a conservative public-policy organization.
Patagonia executives say that sales have soared despite the struggling economy, and that its environmental focus is key to its success.
High-end outdoor clothier and gear maker Patagonia Inc. is out to prove that a company can generate strong sales while being nearly fanatical about environmental concerns.
High-end outdoor clothier and gear maker Patagonia Inc. is out to prove that a company can generate strong sales while being nearly fanatical about environmental concerns.
Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month.
Fox Broadcasting Co. has sued Dish Network, becoming the first television network to fire a legal salvo over the satellite company's controversial new ad-skipping device called AutoHop.
Sony Pictures Entertainment has backed down from its refusal to pay for the 3-D glasses on this weekend's science fiction sequel "Men in Black 3." But the studio still doesn't see eye to eye with exhibitors on the issue.
SpaceX's cone-shaped space capsule performed a series of delicate maneuvers around the International Space Station that proved to NASA officials that it's ready to move in for a historic docking attempt.
The number of people seeking unemployment benefits changed little last week, signaling modest job growth.
WASHINGTON -- The U.S. banking industry posted a $35.3-billion profit in the first quarter of the year, its best performance since 2007, the Federal Deposit Insurance Corp. said Thursday.
Record low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest survey , which showed lenders across the nation offering the benchmark loan at 3.78% compared to 3.79% last week. The typical rate on a 15-year fixed loan held steady at 3.04%.
