Southern California Edison faces lawsuits over LA wildfires | Business and Economy News
In one suit, multiple witnesses are cited as having seen a fire at the base of a transmission tower owned by the utility.Southern California Edison,…
Biden administration proposes new rules to tighten grip on AI chip flows | Business and Economy News
The outgoing administration of United States President Joe Biden is proposing a new framework for the export of advanced computer chips used to develop artificial…
India’s Infosys, HCL Set to Address Business Outlook Under Trump Presidency
Breadcrumb Trail LinksPMN BusinessShares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election…
Los Angeles fires exacerbate housing crisis, experts say
1 of 4 | Firefighters keep a home from burning on the Pacific Coast Highway as thousands of structures were reduced to rubble by four…
Software problem prompts Tesla recall of 239,000+ cars
The Tesla Model 3 and three other models built from 2023 to 2025 are subject to a voluntary recall to fix a software problem that…
Wayfair announces departure from German market
Wayfair announced on Friday that it was leaving the German market after 15 years, citing lagging sales compared to Britain and "weak macroeconomic conditions" in…
Trump could ignore TikTok ban, solicitor general suggests
1 of 3 | The Supreme Court on Friday heard oral arguments on the law to force TikTok's parent company to divest from the platform…
A record 21 million new U.S. business applications were filed during Biden’s term
The White House said Friday a record 21 million new business applications were filed during the Biden Administration's term. President Joe Biden said in a…
Trump’s company not banning private foreign deals during presidency
NEW YORK — The Trump family business released a voluntary ethics agreement Friday that marks a significant departure from Donald Trump’s first term by allowing it…
Gary Hall Jr. loses 10 Olympic swimming medals, home in Palisades fire
Gary Hall Jr. didn’t think anything of the small, off-colored cloud he saw from inside the kitchen of his Pacific Palisades home Tuesday morning.Then he…
In latest retail shake-up, Macy’s announces it’s closing 150 stores
A Macy's department store sign is seen at one of the company's locations in Washington, D.C., in 2015. On Thursday, Macy's said it plans to…
TikTok faces Supreme Court hearing with business, politics, freedom of speech implications
1 of 5 | The U.S. Supreme Court is scheduled to hear oral arguments over the ban or forced sale of TikTok by its Chinese…
Fire evacuees can find rooms at these L.A. hotels
The Hotel Assn. of Los Angeles reported that its members “are currently taking in thousands of Angelenos who have been displaced by the Palisades, Eaton…
Industry groups sue over Biden ban on medical debt in credit reports | Business and Economy News
Consumer watchdog said new rule would lead to rising credit scores and an additional 22,000 low-cost mortgages annually.Two groups representing the credit reporting and credit…
ADP: December private payroll growth lower than expected at 122,000
Private employers added 122,000 seasonally adjusted U.S. jobs in December, according to a Wednesday report from payroll company ADP. Dow Jones economists expected 136,000. File…
China’s millionaires eye the exit as economic storm clouds gather | Business and Economy
Taipei, Taiwan – Five years ago, Jane Meng travelled from her home in Shanghai to Hong Kong to get herself something special for her birthday.…
You survived ’til 2025. Here are the big Hollywood business stories to watch for
Covering the entertainment business is never boring, and 2025 is already shaping up to be another banger as business models that have been around for…
US Steel, Nippon sue Biden administration over decision to block merger | Business and Economy News
Nippon Steel and US Steel have filed a federal lawsuit in the United States challenging the Biden administration’s decision to block Nippon’s proposed $15bn acquisition…
After Trump's criticism, Michael Barr to resign as vice chair of Federal Reserve
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance…
Tax fears hitting firms’ confidence, says business group
Getty ImagesConfidence among UK firms has "slumped" as they face a "pressure cooker of rising costs and taxes", according to a business group.The British Chambers…