Business

(credit: DOJ)

Feds Slap New Cash Reporting Rules On Fashion District Businesses

Federal authorities on Thursday slapped new financial reporting rules on 2,000 businesses in the Fashion District of Los Angeles in an effort to curtail suspected Mexican drug money laundering after massive amounts of cash were seized in a raid.

10/02/2014

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

Los Angeles City Council Approves Minimum Wage Hike For Hotel Workers

The Los Angeles City Council approved an ordinance Wednesday that will raise the minimum wage for thousands of hotel workers in the city to $15.37 an hour.

10/01/2014

(Photo by Sandy Huffaker/Getty Images)

Funeral Home Sues LA Archdiocese For $250M

A funeral home is suing the Archdiocese of Los Angeles for at least $250 million, alleging the archdiocese wants to cheat it out of business at six Roman Catholic cemeteries.

09/30/2014

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LA County Unemployment Rate Holds Steady At 8.1 Percent

The unemployment rate in Los Angeles County held steady at 8.1 percent in August, compared to the previous month, the state Employment Development Department reported Friday.

09/19/2014

(credit: Justin Sullivan/Getty Images)

Delta Air Lines Expands Daily Service To Texas

Delta Air Lines is getting ready to expand its daily service to three Texas cities.

09/16/2014

(CBS)

UCLA Forecast: California Economy ‘Painfully Plodding’ Along

California’s economy will continue to show steady but unremarkable growth in the months ahead, according to a UCLA economic forecast released Thursday.

09/11/2014

(credit:  Justin Sullivan/Getty Images)

Ballot Initiative Hiking Minimum Wage To $15 To Begin Collecting Signatures

Supporters of a ballot initiative asking voters to raise the minimum wage in Los Angeles to $15 an hour were given the green light Wednesday to begin collecting signatures.

09/10/2014

Ray Rice #27 of the Baltimore Ravens warms up prior to playing an NFL game against the Pittsburgh Steelers at M&T Bank Stadium on November 28, 2013 in Baltimore, Maryland. (credit: Patrick Smith/Getty Images)

Endorsements, Video Games Join NFL In Breaking From Ray Rice

Retribution continues to hit former Baltimore Ravens star Ray Rice head on after a video that emerged Monday resulted in his release from the team and an indefinite suspension from the NFL.

09/09/2014

(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

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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

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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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