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Los Angeles Times Business
Headlines from latimes.com
Updated: 26 min 46 sec ago
Businesses like Obama tax write-off plan but want to keep Bush tax cuts too
Economists and business groups see President Obama's proposal as giving a modest boost to the economy, not as having the major effect that would come from ending the uncertainty about the soon-to-expire tax cuts.
The business community likes President Obama's proposal to accelerate tax write-offs for companies buying equipment and other big-ticket items. But it is clamoring for more — extension of all of the soon-expiring Bush-era tax cuts.
The business community likes President Obama's proposal to accelerate tax write-offs for companies buying equipment and other big-ticket items. But it is clamoring for more — extension of all of the soon-expiring Bush-era tax cuts.
Health Net is cleared by state to raise premiums
The rate hikes for 38,000 individual policyholders will average 16%. Regulators are still reviewing Aetna's plan to increase its premiums an average of 19% for 65,000 policyholders.
A California health insurer got the green light Tuesday to raise premiums an average of 16% for 38,000 policyholders who buy insurance on their own.
A California health insurer got the green light Tuesday to raise premiums an average of 16% for 38,000 policyholders who buy insurance on their own.
Downtown L.A. condo developer takes on investors, FDIC
Hassan Astani, who began the project in 2004, hopes to open the 30-story Concerto near Staples Center before he runs out of money. But a group of investors in charge of Astani's loan has other plans.
The last decade's great condominium construction boom is over in downtown Los Angeles — with the exception of one battered builder still crawling toward the finish line.
The last decade's great condominium construction boom is over in downtown Los Angeles — with the exception of one battered builder still crawling toward the finish line.
Row 44 raises $37 million to expand in-flight Internet
The company, which provides broadband Internet access to airline passengers, plans to expand its coverage to other regions of the world by leasing more satellite transponders.
Row 44 Inc., which provides broadband Internet connections for airline passengers, plans to announce Wednesday that it has raised $37 million from investors, enabling the company to offer the service on international flights.
Row 44 Inc., which provides broadband Internet connections for airline passengers, plans to announce Wednesday that it has raised $37 million from investors, enabling the company to offer the service on international flights.
Just to fill holiday jobs, a Container Store gets picky
The lucky few who are offered one of a Raleigh, N.C., store's 55 to 60 jobs will have to get through an online application, a phone interview, a two-hour group interview and as many as three more one-on-one meetings.
— Getting hired at Raleigh's new Container Store takes a lot more than simply going online and filling out an application.
— Getting hired at Raleigh's new Container Store takes a lot more than simply going online and filling out an application.
California regulators seek up to $9.9 billion in fines from PacifiCare
The health insurer violated state law nearly 1 million times from 2006 to 2008 after it was bought by UnitedHealth Group, the Department of Insurance says.
California regulators are seeking fines of up to $9.9 billion from health insurer PacifiCare over allegations that it repeatedly mismanaged medical claims, lost thousands of patient documents, failed to pay doctors what they were owed and ignored calls to fix the problems.
California regulators are seeking fines of up to $9.9 billion from health insurer PacifiCare over allegations that it repeatedly mismanaged medical claims, lost thousands of patient documents, failed to pay doctors what they were owed and ignored calls to fix the problems.
Hewlett-Packard sues to keep former CEO from going to Oracle
HP's lawsuit says Mark V. Hurd could leak company secrets to Oracle and his employment there would violate noncompete clauses.
Intensifying an increasingly bitter feud between two technology heavyweights, Hewlett-Packard Co. went to court Tuesday to try to prevent its former chief executive, Mark V. Hurd, from taking a top post with Silicon Valley rival Oracle Corp.
Intensifying an increasingly bitter feud between two technology heavyweights, Hewlett-Packard Co. went to court Tuesday to try to prevent its former chief executive, Mark V. Hurd, from taking a top post with Silicon Valley rival Oracle Corp.
Former JetBlue flight attendant to undergo mental evaluation
Possible plea deal could reduce JetBlue attendant Steven Slater's punishment to community service and counseling.
The flight attendant who captured the nation's attention after he allegedly told off a passenger and slid down the plane's emergency chute with a beer will undergo a mental health evaluation with the aim of avoiding jail time in a possible plea deal.
The flight attendant who captured the nation's attention after he allegedly told off a passenger and slid down the plane's emergency chute with a beer will undergo a mental health evaluation with the aim of avoiding jail time in a possible plea deal.
Obama seeks massive tax break for business
Companies could save $200 billion by writing off capital investment. The president also announces a $50-billion spending plan for roads, runways and railroads.
President Obama this week will call for tax incentives that would allow businesses to write off 100% of new capital investment through 2011 — moves that the White House says could save businesses $200 billion over two years.
President Obama this week will call for tax incentives that would allow businesses to write off 100% of new capital investment through 2011 — moves that the White House says could save businesses $200 billion over two years.
Millions can find only part-time or lower-paying jobs
Underemployed workers can't spend as much. Those individual hardships add up to a drag on the economic recovery.
Beyond the 15 million Americans who have no jobs at all, millions more are caught in part-time or limited jobs that don't pay them enough to maintain their standard of living — much less contribute to the strong consumer spending needed to power the nation out of the economic doldrums.
Beyond the 15 million Americans who have no jobs at all, millions more are caught in part-time or limited jobs that don't pay them enough to maintain their standard of living — much less contribute to the strong consumer spending needed to power the nation out of the economic doldrums.
Martha Stewart giving Hallmark Channel a makeover
Beginning Monday, Stewart will provide eight hours of programming each weekday to the cable channel, which has had trouble finding a recipe for success.
Martha Stewart has a knack for transforming dated rooms into design showpieces. Now she's undertaking another major renovation: the Hallmark Channel.
Martha Stewart has a knack for transforming dated rooms into design showpieces. Now she's undertaking another major renovation: the Hallmark Channel.