Business | Explaining Southern California's economy

Trump's labor pick is no fan of California's overtime, rest break rules

Trump tapped Andrew Puzder, who runs the parent company for Carl's Jr. Despite the burger chain's long history in California, Puzder said they would grow elsewhere.
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Jack Plunkett/AP Images for Carl's Jr.
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LA tourism didn't drop after Trump's travel ban because of this country

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The L.A. Tourism Board thought the rhetoric around immigration and the travel ban would dampen international visits. It didn't.

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There's a new plan to expand the LA Convention Center (no NFL team required)

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For years, the city tied expansion plans to the goal of bringing an NFL team to LA. But a new $1.2 billion proposal doesn't hinge on building a downtown stadium.

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Flying Ubers in LA? US Army, NASA have joined the effort

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During its Uber Elevate conference in L.A. this week, the popular ride-hail service announced multiple partnerships that will help it get a flying ride-hail service off the ground by 2023.

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American Apparel's new owners are rebooting the brand

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The fashion brand announced plans to open the first brick-and-mortar American Apparel store since the company's bankruptcy. And it will be in LA.

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LA is losing people to other states while the Bay Area brings them in

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From 2006 to 2016, over a million more people left California than came in from other states. They were more likely to leave areas with low-wage job growth.

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5 reasons California’s housing costs are so high

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Why are California housing costs so high? At its most basic level, it’s a story of supply and demand; lots of people want to live here, and there aren’t enough homes to go around.

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Milken Institute conference brings together billionaires, politicians, celebrities and "fearless girl"

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The #MeToo movement has sparked discussions among the financial elites, politicians and celebrities rubbing elbows in Beverly Hills for this year's Milken Global Conference.

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More Business & Economy

Trump administration delays most tariffs on steel, aluminum

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The Trump administration had faced a midnight deadline to suspend or impose tariffs on imported steel and aluminum from a number of friendly countries.

Dream of Korean small business ownership may be fading

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The move to online shopping and a declining interest in store ownership among young people have shifted the landscape.

Amazon reports huge quarterly profits, then hikes Prime membership fee

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Amazon's first quarter sales reached $51 billion, a 43 percent increase over last year. Its net income was $1.6 billion. Amazon also increased its annual Prime membership fee to $119 a year from $99.

LA drops Arizona from its list of boycotted states

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Los Angeles may have ended its boycott against Arizona, but it continues to restrict business with North Carolina and Mississippi.

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Southwest has been faced with fines, union safety complaints

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Southwest's CEO could face questions about whether the company's low-cost business model — which puts its planes through frequent takeoffs and landings — is putting passengers at risk.

Newsroom to Chicago Tribune: With 85 percent backing, we have votes for union

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Tribune journalists give corporate owner Tronc (former parent company of the L.A. Times) a day to recognize the union voluntarily. Otherwise, they say they will force a federal vote that "will result overwhelmingly in our favor."

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Alexa, tell me a national security secret: Amazon's reach goes beyond the Post Office

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It's little known that the CIA uses Amazon Web Services to store its data, and, now, it's the favorite for a big-money Pentagon contract to do the same. Amazon's tentacles go to other agencies, too.

For one California company, Trump's tariffs have unintended consequences

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The administration says the steel and aluminum tariffs will raise costs just slightly. But in a low-margin business like canned goods, a little extra cost can take a deep bite out of profits.

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FAA orders inspections of more jet engines following Southwest failure

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The Federal Aviation Administration has ordered inspections of more jet engines like the one that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines plane.