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Electronics could be factor in Toyotas' sudden acceleration, executive admits

Electronics could be factor in Toyotas' sudden acceleration, executive admits

Under relentless questioning from a congressional panel, a top Toyota executive said Tuesday that the automaker hadn't ruled out electronics...

Anthem Blue Cross plans to go ahead with rate hikes in California

An executive for the parent company of Anthem Blue Cross told state officials Tuesday that California's largest health insurer will go...

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Jumbo mortgage market is beginning to thaw

Jumbo mortgage market is beginning to thaw

Phil Kelly had 18 more months to go before the fixed rate on his $2.5-million mortgage became adjustable.

Bank of America resisting shareholders on executive pay

Bank of America resisting shareholders on executive pay

Since Brian Moynihan took over as chief executive at Bank of America Corp. at the turn of the year, he has sought to convey a flexible and cooperative...

Disney hopes kids will take online World of Cars out for a spin

Disney hopes kids will take online World of Cars out for a spin

Walt Disney Co. believes that World of Cars, its new subscription-based online community aimed at boys and based on the Pixar movie "Cars," won't...

Tax men strike out against McCourts

Tax men strike out against McCourts

To everyone who claims that our wealthiest citizens pay more than their fair share of income taxes and we should cut them a break because they're...

Home prices show small gain in December

Home prices show small gain in December

Home prices gained for the seventh consecutive month in December, with Los Angeles and other West Coast cities posting the biggest rises, according to...

Macy's, Target and Sears post big profit gains

Macy's, Target and Sears post big profit gains

Three of the nation's largest retailers saw earnings rise significantly in the fourth quarter and said Tuesday that they expected continued...

Ex-CEO Karatz is dealt blow in KB Home option case

Ex-CEO Karatz is dealt blow in KB Home option case

A federal judge on Tuesday declined to investigate alleged misconduct by prosecutors in the stock option backdating case against former KB Home...

L.A. to film crews: Come home

L.A. to film crews: Come home

Hollywood has never been shy about self-promotion, except when it comes to touting its own backyard.

Boeing to slow C-17 assembly line in Long Beach

With slowing orders, Boeing Co. said Tuesday that it planned to cut by a third the production rate of its C-17 military cargo airplanes at its plant...

Wall Street bonuses soar 17% in 2009, even as banks reduce pay for top executives

Wall Street bonuses soar 17% in 2009, even as banks reduce pay for top executives

Bonuses at Wall Street firms jumped 17% last year, showing how quickly the industry had rebounded from the financial crisis, New York state's top...

Toyota's rivals rush to fill void

Toyota's rivals rush to fill void

With growing public scrutiny over a series of embarrassing recalls, once-loyal Toyota owners and other car buyers are taking a new view of the...

Number of banks in danger of failure hits highest level since 1993

Number of banks in danger of failure hits highest level since 1993

The number of banks in danger of failing shot up to 702 at the end of last year, the highest level since 1993, as the industry continues to...

Federal Reserve minutes show sharp reversal on interest rates

Federal Reserve minutes show sharp reversal on interest rates

Most Federal Reserve bank directors voted for keeping the discount rate unchanged in mid-January, just weeks before the central bank raised the rate...

Consumer confidence falls sharply

Consumer confidence falls sharply

Consumer confidence took a swan dive in February to its lowest point since April, according to a monthly poll released Tuesday. The index...

Court says business headquarters is where executives are

Court says business headquarters is where executives are

WASHINGTON -- The Supreme Court ruled Tuesday that a corporation's principal place of business is where the company's executives work, not where the...

Brookfield Asset Management reportedly in talks to buy General Growth Properties

Brookfield Asset Management Inc. is in talks with General Growth Properties Inc. to take a 30% stake in the shopping mall owner as it comes out of...

Stocks close down after disappointing consumer report

Stocks close down after disappointing consumer report

NEW YORK -- The stock market fell sharply Tuesday after a surprising drop in consumer confidence reminded investors of the fragility of the economic...

Time isn't on his side, but he's fighting for it

Time isn't on his side, but he's fighting for it

It's wrong to say that Bob Iritano is fighting for his life; he knows he's lost that battle. What he's fighting for is time.

Business Briefing

Business Briefing

Home Depot profit exceeds expectations

Anthem Blue Cross broke law more than 700 times, official says

Anthem Blue Cross broke law more than 700 times, official says

California's largest for-profit health insurer violated state law more than 700 times over a three-year period by failing to pay medical claims on...

As Anthem Blue Cross sends profit to WellPoint, it plans hefty rate hikes for Californians

As Anthem Blue Cross sends profit to WellPoint, it plans hefty rate hikes for Californians

Health insurance giant Anthem Blue Cross said it was raising rates on thousands of individual policyholders in California because the cost of their...

Trial begins over lawsuit targeting Anthem Blue Cross

Insurance giant Anthem Blue Cross refused to pay for a California produce merchant to get a liver transplant in Indiana because the company wanted...

Lifetime's new looks haven't fit quite right

Lifetime's new looks haven't fit quite right

Sensible shoes or stilettos? Lifetime is still trying to figure out which fits best.

Cities kicking the tires on new ideas for vacant auto lots

Cities kicking the tires on new ideas for vacant auto lots

In Whittier, city officials are clearing the way for office buildings, retail shops and even homes to take root on the land where the vacant car...

Consumer protection agency would put teeth in new credit card rules, backers say

Consumer protection agency would put teeth in new credit card rules, backers say

New federal credit card rules that took effect Monday outlaw the most egregious industry practices, such as retroactive interest rate increases and...

Bank of America's $150-million settlement with SEC gets grudging approval

Bank of America's $150-million settlement with SEC gets grudging approval

A federal judge reluctantly approved a settlement between Bank of America and the Securities and Exchange Commission, ending one of the highest-...

Google Buzz may put children at risk, parents fear

Google Buzz may put children at risk, parents fear

Parents and privacy watchdogs are sounding the alarm that Google Inc.'s new social networking tool, called Buzz, may put children at risk.

Wal-Mart to acquire movie download provider Vudu

Wal-Mart to acquire movie download provider Vudu

Wal-Mart Stores, tapping into the potentially lucrative business of selling movies directly into the home via the Internet, has agreed to buy...

TCW gets vote of support from institutional investors

TCW Group Inc., fighting to hold on to clients' assets after the money manager fired its veteran investment chief in December, said Monday that a...

Gasoline prices edge down in California, jump in U.S.

Gasoline prices edge down in California, jump in U.S.

Pump prices for gasoline in California edged slightly lower over the last week but were on the rise just about everywhere else in the nation, the...

From the Wires

Banks earn $914 million in fourth quarter, but number of problem banks jumps above 700

Rayonier sets 1st-quarter dividend of 50 cents per share

KMG Chemicals sets quarterly dividend of 2 cents per share

Sprint says it will accept devices from other carriers under broadened phone trade-in program