Top News & Analysis Los Angeles

  • San Francisco Bay Area by sunset

    New York City has been overtaken as the world's best city for female founders, according to Dell's 2019 Women Entrepreneur Cities Index.

  • NEW YORK, July 14- U.S. companies are more negative in their earnings outlooks than they have been in years, setting the advancing U.S. stock market up for a possible letdown as reporting season begins this week. "The bar is clearly higher than it was a month ago given the market's strength," said Michael James, managing director of equity trading at Wedbush Securities...

  • The S&P 500, which crossed the 3,000 mark for the first time this week, has seesawed between record highs and selloffs in recent months on increasing U.S.- China trade acrimony and concerns about a U.S. economic slowdown. Omaha, Nebraska- based Union Pacific operates a 32,000- route-mile rail network that includes the Los Angeles/ Long Beach complex, a port...

  • The booming business of cannabis is what many investors are calling the new gold rush. But with those potential riches comes this reality: there's a much bigger boom in the black market of weed that's crippling legal sales. CNBC's investigates what's really going on inside the unlicensed dispensaries which play by their own rules.

  • *Sale values Kantar at about $4 billion. July 12- WPP is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild. Sorrell's replacement Mark Read said the Kantar sale, which WPP expects to...

  • Shipping containers are loaded onto a ship at the Port of Los Angeles.

    The Los Angeles and Long Beach port complex, the nation's busiest and the No. 1 for ocean trade with China, handled 5.1% fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains.

  • *PBMs rise after White House kills rebate rule. *Fed's Powell resumes testimony before Congress. NEW YORK, July 11- The S&P 500 was little changed in afternoon trading on Thursday, with healthcare stocks mixed after the Trump administration withdrew a rule that would kill rebates.

  • SEOUL, July 10- Chef Youm Jung- phil plans to close his restaurant in Seoul's affluent Gangnam district this month, worn down by the rising cost of labour and rent as well as declines in the number of customers eating in. The world's No. 4 market for online food orders, South Korea punches far above its population size in terms of sheer numbers of restaurants and...

  • The U.S. Labor Department data showed nonfarm payrolls rose by 224,000 jobs in June, the most in five months, and solidly beating economists' expectation of 160,000 additions. Stocks slumped in May as trade talks between the United States and China were at a standstill and economic data began to point to a slowing. "The last, best hope of the bulls in a market like this...

  • A car passes over a fissure that opened on a highway during a powerful earthquake that struck Southern California, near the city of Ridgecrest, California, U.S., July 4, 2019.

    A strong aftershock shook Southern California early on Friday as residents were still assessing the damage from the strongest earthquake in the region in 25 years on July 4, which was felt by more than 20 million people.

  • A 6.4 magnitude earthquake struck California on Thursday, 113 miles to the northeast of Los Angeles. Power lines were brought down, homes caught fire and stores were left to clean up after products were thrown off shelves. No fatalities were reported, but the area has experienced numerous aftershocks.

  • A local resident inspects a crack in the earth after a 6.4 magnitude earthquake struck the area on July 4, 2019 near Ridgecrest, California.

    The nation's first publicly available earthquake early warning mobile app was launched earlier this year as part of a pilot program designed to give Los Angeles County residents a few seconds of warning before the shaking, NBC reports.

  • July 4- Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and customers. Lloyd's action follows on from a recommendation by Britain's financial watchdog the Prudential Regulation Authority which wrote to...

  • California coastal town of San Clemente,  just north of San Diego County.

    Global jobs website Indeed analyzed U.K. searches for roles in the United States over four years.

  • CNBC: Inside Patterson and Sheridan's $3 million private jet

    The aircraft costs $2,500 per hour to operate.

  • SAN FRANCISCO, July 2- Facebook Inc's Silicon Valley campus received the all-clear on Tuesday after fears that a package at its mail facility contained the nerve agent sarin. But exhaustive testing by fire and hazardous material teams found no toxic material, said Jon Johnston, fire marshal for the city of Menlo Park in California where Facebook is based.

  • Even the beach house's shower has Pacific Ocean views.

  • June 29- Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement agents, court documents showed on Saturday. The proposed settlement, outlined in court papers filed in U.S. District Court in Arizona, calls for Motel 6...

  • June 29- Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement agents, court documents showed on Saturday. The proposed settlement, outlined in court papers filed in U.S. District Court in Arizona, calls for Motel 6...

  • June 29- A United Airlines flight made an emergency landing and blew out two tires at New Jersey's Newark Airport on Saturday, causing the airport briefly to suspend flights, officials said. Flight 2098 took off from New York City's LaGuardia Airport bound for Houston and a short time later experienced hydraulic problems, prompting the emergency landing, Scott...