Business & Economy

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Yahoo closes offices in Burbank, consolidates its presence in Silicon Beach

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Yahoo is laying off 90 workers in Burbank and closing its office there. It's part of a company-wide downsizing and a consolidation of its L.A. presence in Silicon Beach.

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Why LA County is opening a 'Center for Financial Empowerment'

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The LA County Board of Supervisors voted to establish a Center for Financial Empowerment this fall to help low-income residents file taxes and access bank accounts.

The Democratic majority of the Federal Communications Commission voted to approve new "net neutrality" rules in February 2015, prompting a court challenge from Internet providers.

US appeals court upholds net neutrality rules in full

The U.S. Court of Appeals for the D.C. Circuit rejected a lawsuit by telecom, cable and wireless industry associations against new rules that expanded federal oversight of Internet service providers.

Microsoft to buy networking site LinkedIn for $26.2 billion

LinkedIn, based in Mountain View, California, has more than 430 million members. Users can connect with professionals, upload their resumes and search for jobs on its site and apps.

Brexit: How a vote on June 23 in the UK could affect your wallet

Most economists say the so-called Brexit vote might upset trade deals, financial markets and currencies.

Rent an office space? Here's some good news.

For the past seven years, the price of commercial real estate has been climbing. But a new economic forecast from UCLA says that bull run could be ending.

With Lending Club disgraced, fintech industry looks for lessons

Lending Club, a leader in the peer-to-peer marketplace, is mired in scandal. The finance technology industry, known as FinTech, is dissecting what it means for online lending.

Tesla to release lower-priced versions of Model S car

The new version of Tesla's Model S, called the Model S 60, starts at $66,000.

Firm with Vegas-LA high-speed rail hopes breaks with Chinese company

The project hasn't broken ground, but it has regulatory approval to cover about 190 miles from Las Vegas to the Mojave Desert city of Victorville.

Homeownership is valued, but remains hard to attain, report says

Economic uncertainty, steep prices and down payments are just some of the hurdles that get in the way of plans for homeownership, according to a new report.

In a hot real estate market, should developers get tax breaks?

The L.A. city council voted to give almost $200 million worth of tax subsidies to a developer building a four-star hotel complex downtown.

Obama administration designates South LA as promise zone

The city plans to use the designation to help residents and businesses take advantage of opportunities created by the area's existing and planned light rail lines.

How should you look at the jobs report?

The latest monthly jobs report showed a sharp slowdown in hiring — something economists didn't see the drop coming.

US gains just 38K jobs, fewest in 5 years; rate at 4.7 percent

The rate fell for a problematic reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer officially counted as unemployed.

Tribune renames itself 'Tronc' while Gannett weighs its bid

The renaming is so far the only tangible change following a shareholder vote earlier Thursday that ratified Tribune's slate of directors.

Micro-lofts move in at infamous Cecil Hotel

The Cecil Hotel has long been a Los Angeles landmark because of its sordid past. Now it may become home to a new housing development.