Business

Metro light rail train

Japanese Firm To Open Light-Rail Factory In Palmdale

A Japanese firm says it will go ahead with plans to open a light-rail manufacturing facility in Los Angeles County, a month after threatening to pull out when talks with organized labor groups stalled.

11/26/2014

(credit: CBS)

CBS2 Investigates: TSA Selects Passengers Not Enrolled In Pre-Check For Expedited Screening

TSA’s decision to allow passengers to go through the pre-check screening line designed for those with approved security clearance, some say, is compromising safety.

11/25/2014

(credit: Thinkstock)

Los Angeles County Unemployment Rate Stays Steady At 8 Percent

Unemployment in Los Angeles County held steady at 8 percent in October, compared to the previous month, the state Employment Development Department reported Friday.

11/21/2014

(Photo credit: ROBYN BECK/AFP/Getty Images)

SoCal House Flipping Market Cools On Higher Prices, Fewer Homes

The market for house flipping – where a home is purchased and subsequently sold again within 12 months — could be cooling in Southern California, according to data released Thursday.

11/20/2014

(credit: ROBYN BECK/AFP/Getty Images)

2 Sides Keep Negotiating West Coast Ports Contract

As importers struggle to get their products from massive ships docking at West Coast ports onto store shelves, dockworkers and their employers continue negotiating a new contract.

11/10/2014

The Exide Technologies plant has been closed since March. (credit: CBS)

Exide Ordered To Pay Millions For Pollution

Exide Technologies, which is struggling to reopen its Los Angeles-area battery recycling plant, has agreed to set aside nearly $50 million to meet demands by state regulators.

11/06/2014

(credit: Kevork Djansezian/Getty Images)

Strife At West Coast Ports Threatens Delivery Of Holiday Goods

Labor strife at major West Coast sea ports is threatening the delivery of holiday goods that consumers expect and retailers need to turn a profit.

11/06/2014

Mega Millions lottery tickets sit on a registar at Liquorland on March 30, 2012 in Covina, California The Mega Millions jackpot has reached a high of $640 million  before the drawing tonight.   (credit: Kevork Djansezian/Getty Images)

A Little Too Lucky? CBS2 Investigates Lottery Retailers Cashing In At Surprising Rates

CBS2 found retailers across Southern California who cashed in tens and hundreds of thousands of dollars in winnings purchased at their stores. It’s not illegal, but experts say some may be defying the odds.

CBS2 / KCAL9–10/30/2014

(credit: CBS)

City Council Committee Asks For Economic Impact Study On Raising Minimum Wage In LA

The City Council continues to explore the idea of raising the minimum wage in Los Angeles.

10/28/2014

(credit: Kevork Djansezian/Getty Images)

Congestion Crisis In Port Of LA May Result In Delays For Holiday Orders

Extensive congestion at the ports of Los Angeles and Long Beach is causing major shipping delays, just in time for the holiday season.

10/27/2014

(Photo courtesy Greek Theatre)

LA Recreation And Parks Commission Back Live Nation To Manage Greek Theatre

The city Recreation and Parks Commission backed Live Nation Worldwide’s bid to run the Greek Theatre Thursday, after the panel delayed making a decision at two previous meetings.

10/23/2014

(credit: David McNew/Getty Images)

Television Production In Los Angeles Up 31.1 Percent

Television production in the Los Angeles area has gone up, but feature film production is down, according to FilmL.A. figures released Tuesday.

10/21/2014

(credit: CBS)

Hollywood Gem Cat And Fiddle May Close Doors For Chain Restaurant

A famed Hollywood hotspot among both rock stars and residents alike may close its doors in favor of a chain restaurant.

10/20/2014

A screenshot of the electronic version of the debut edition of the L.A. Register. (Photo courtesy LARegister.com)

Ex-Casino Executive Named Publisher Of Orange County Register

The Orange County Register has hired former casino executive Richard Mirman to be its interim publisher and chief executive, the newspaper said Monday night.

10/14/2014

(credit: CBS)

CSU Administrators Spend Hundreds Of Thousands In Donated Money On Parties, Alcohol

CBS2 investigative reporter David Goldsten found hundreds of thousands of dollars, donated with the intention of supporting students’ educations and benefiting the schools, yet being spent by administrators on themselves.

10/07/2014

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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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