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Lame duck LA Mayor Villaraigosa travels to China on trade mission

LA Mayor Antonio Villaraigosa is leading a trade delegation to China. Some question why the termed out mayor is traveling instead of Mayor-elect Eric Garcetti.

Memorial Day travel: The top destinations for local getaways

Fewer Southern Californians will travel Memorial Day weekend due to lingering concerns about the economy, according to Automobile Club of Southern California.

Commerce Department: US orders for durable goods climbed in April

The Commerce Department Friday said U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.

California's online sales tax generates $112 million so far

Congress considers legislation allowing states to require online retailers to collect sales tax. California implemented a similar law in September 2012.

Mattel moving 100 Fisher-Price jobs to El Segundo from New York

As it continues a restructuring plan, Mattel moves some Fisher-Price jobs and eliminates others over the next several months.

Sales of new US homes rise in April

Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home in the U.S. hit a record high.

Japan Prime Minister Abe attempts to 'shock' stagnant economy

Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence.

Rankings: It's cheaper to fly out of the Long Beach Airport

Recent rankings show domestic flights out of the Long Beach Airport are the second lowest in the U.S. at $234.

Bernanke says Federal Reserve stimulus programs will continue

Fed Chairman Bernanke tells Congress Wednesday the U.S. job market remains weak and it's too soon for the Federal Reserve to end its extraordinary stimulus programs.

U.S. Senate hearing begins into Apple's tax strategy

U.S. Senate to question Apple Inc. CEO Tim Cook Tuesday about avoiding billions of dollars in U.S. taxes by using foreign affiliates.

Yahoo's other billion-dollar bets: Where are they now?

Tumblr joins GeoCities, Broadcast.com and Overture in the small fraternity of Yahoo's $1 billion-plus acquisitions. What can the company can learn from its previous purchases?

Yahoo buying online blogging forum Tumblr for $1.1 billion

Yahoo says it's buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate the Internet company.

WSJ: Yahoo board approves $1.1 billion purchase of Tumblr

The deal for the blogging site is designed to attract younger users to the ailing Web portal. The newspaper is basing the report on unnamed sources close to the situation.

Tesla rides high, but faces formidable foe: Car dealers

Tesla's business model is under attack by a formidable foe: the National Automobile Dealers Association, one of the most powerful lobbying groups in Washington.

Unemployment rate declines in Southern California

California’s unemployment rate dropped to 9 percent last month, which analysts say is a sign that the economy is steadily improving.