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Business

(Photo credit: David McNew/Getty Images)

Chinese Firm To Build 200 Homes In Simi Valley In Billion-Dollar US Investment

A Chinese home-building company is breaking ground on dozens of new homes in Simi Valley as part of a $1 billion plan to invest in the U.S. housing market.

09/04/2014

(credit: CBS)

Mayor Garcetti, Businessman Eli Broad Defend Wage Plan: ‘This Is The Way Forward’

After Mayor Eric Garcetti announced his hopes of increasing LA’s minimum wage over the next three years, the plan was met with large amounts of both support and opposition.

09/02/2014

FILE PHOTO (credit: CBS)

Injunction Blocks Outdoor Marijuana Market In Boyle Heights

A judge has blocked a marijuana farmers market in Los Angeles and ordered organizers to shut down their business.

08/29/2014

Rob Reiner is one of the big names spearheading Measure R. (credit: CBS)

Big Stars Band Together In Malibu To Try To Limit The Number Of Large Chain Stores

Rob Reiner believes the big chain stores are effectively killing the mom and pop stores that give a community its personality.

08/28/2014

(credit: CBS)

California Sets Ride-Sharing Insurance Standards

Drivers providing services for ride-sharing companies such as Lyft and Uber would have to carry a minimum level of insurance under a compromise the state Senate approved Wednesday.

08/27/2014

(credit: CBS)

Business Leaders On Possible LA Minimum Wage Increase: ‘This Needs To Be Stopped Now’

Mayor Garcetti has reportedly told local business leaders that he wants to see the minimum wage increased over the next three years, and could make an official announcement by Labor Day.

08/26/2014

(credit: Scott Olson/Getty Images)

Controversial Sriracha Plant In Irwindale Opens Its Doors To Public

A Southern California hot sauce plant that came under fire for its spicy odors is throwing open its doors to the public.

08/23/2014

The first Hot Dog On A Stick stand opened near the Santa Monica Pier in 1946. (Photo courtesy Hot Dog On A Stick)

Private Equity Firm Acquires Hot Dog On A Stick Chain

Iconic fast food chain Hot Dog On A Stick won’t be going into the fryer anytime soon.

08/22/2014

(credit: Ethan Miller/Getty Images)

Albertson’s Stores Hacked For Credit, Debit Card Information

The parent company of Albertsons said Friday that the chain recently discovered hackers tried to breach some of their stores to steal credit and debit card information.

08/15/2014

(credit: David McNew/Getty Images)

Garcetti Pushes For More Tax Credits To Keep Movie Production In California

Los Angeles Mayor Eric Garcetti met with Governor Jerry Brown at the Capitol on Wednesday to push for more incentives to keep movie production in California.

08/13/2014

(credit: Scott Olson/Getty Images)

Macy’s Pleads No Contest To Decapitation Death Of Employee

Macy’s has pleaded no contest in connection with the death of an employee in 2009, the Los Angeles County District Attorney’s Office said Tuesday.

08/12/2014

The world headquarters of General Motors in Detroit (Photo credit: Bill Pugliano/Getty Images)

GM Tells Customers Of Recalled SUVs To Park Them Outdoors Because They Could Catch Fire

General Motors’ troubles with safety recalls has surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire.

CBS2 / KCAL9–08/08/2014

(Photo courtesy Nestle USA)

Nestlé To Relocate Chatsworth Hot Pockets Facility To Kentucky

Hundreds of Angelenos could soon be out of work after Nestlé USA announced it will relocate a Hot Pockets facility in Chatsworth back east.

08/06/2014

(Photo credit: Joe Raedle/Getty Images)

Lawsuit Accuses Trader Joe’s Of Unethical Business Practices

Two Southland vendors are taking the specialty grocery store chain to court over alleged manipulative business practices, breaking contracts and intentionally interfering with vendor relationships.

07/11/2014

A Crumbs Bake Shop sits empty after it was announced Crumbs is closing all its stores on July 8, 2014 in New York City. Crumbs has closed all of its locations after low sales, a reported a loss of $18.2 million last year, and after being de-listed by Nasdaq last week. Crumbs opened in 2003 in New York City and had 65 locations as of April, 2014.  (credit: Andrew Burton/Getty Images)

Crumbs Bake Shop Says Sweet Goodbye To All Its Stores

Crumbs Bake Shop says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.

07/08/2014

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(credit: Christine Smith/UGC/CBS)

BMW Workers Rally Against Job Cuts

Angry teamsters say makers of the ultimate driving machine are trying to drive away good-paying jobs and replace them with cheap labor. BMW says it will cut dozens of jobs at its Ontario warehouse.

Toyota Issues Prius Recall Over Cooling Pump Issue

Toyota Announces (Another) Prius Recall

Toyota on Tuesday announced they were recalling 650,000 Prius models (3004-2007) to fix a faulty cooling pump problem. Officials believe nearly 400,000 of those cars are on the road in the United States. Toyota insisted that the repair is not a recall but rather “a customer satisfaction campaign.”

Harman reported no liabilities in 2009 -- but that may change after her husband Sidney's recent acquisition of Newsweek magazine. (Photo by Chip Somodevilla/Getty Images)

Very Golden State: 6 Political Millionaires

It may be tough times for the average Joe, but these public servants have capitalized on their personal fortunes to wield major influence in Sacramento.

Richard Branson

Over-Exposed Billionaires

They’ve got major bucks and massive egos: here’s eight of the richest men you’ve never met, but probably have heard about way too much.

Sure, they get to travel the world and get paid the big bucks, but the competition is tough -- and mainting their looks is even tougher.

Top 10 Sexiest Jobs

It’s the question we’re all faced with when making small talk with strangers: “So what do you do for a living?”

Arch Deluxe

Corporate America’s Biggest Blunders

Think of them as the business world’s version of the Hollywood flop: here’s a list of the most expensive mistakes ever.

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