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Economy

(Photo credit: Randall Benton/Sacramento Bee/MCT via Getty Images)

Elephant Bar Parent Company Files For Bankruptcy, Cites ‘Challenging’ Economy

The Costa Mesa-based parent company of the Elephant Bar casual dining chain has filed for bankruptcy and is closing 16 restaurants nationwide, officials announced this week.

06/20/2014

Iraqi men take part in a demonstration to show their support for the call to arms by Shiite cleric Grand Ayatollah Ali al-Sistani, in the central Shiite Muslim shrine city of Najaf on June 13, 2014. (Photo credit:  HAIDER HAMDANI/AFP/Getty Images)

Analyst: Fall Of Baghdad Would Make Current Gas Prices ‘Look Like A Bargain’

Oil industry analysts are warning a brewing civil war between Islamic militants in Iraq could potentially send gas prices soaring here in the Southland.

06/13/2014

Giant wooden murals of farmworkers are seen at 'The Farm' February 9, 2005 in Salinas, California. Artist, John Cerney, created his giant life-like murals of farmworkers based on actual people who have worked in the Salinas Valley agriculture community. (credit: Justin Sullivan/Getty Images)

Record Drought Expected To Leave Thousands Jobless, Cost $1.7 Billion In Agriculture

Researchers say California’s drought could cost the state’s agricultural economy $1.7 billion this year and leave more than 14,000 farmworkers without work.

05/19/2014

Mayor Eric Garcetti (credit: CBS)

Mayor Talks Median Planning, Business Tax Cuts For San Fernando Valley ‘Facelift’

Two Los Angeles city officials took a whirlwind tour of the Warner Center and other surrounding neighborhoods Monday to talk economic revitalization.

05/19/2014

graduation grad college commencement

USC Grads Brace For Uncertain Future In Shaky Job Market

A rock-and-roll music legend will be among those on hand Friday for commencement ceremonies at the University of Southern California.

05/16/2014

(credit: Justin Sullivan/Getty Images)

Gov. Brown To Release Update To Record Spending Plan

Gov. Jerry Brown is getting ready to update his spending plan for the coming fiscal year, a budget that is bolstered by California’s economic turnaround and voter-approved tax hikes.

CBS2 / KCAL9–05/12/2014

(Photo credit: Jonathan Gibby/Getty Images)

Businesses Near STAPLES Center Look To Cash In On NBA, NHL Playoffs

Businesses around Staples Center are bracing for a big weekend with four playoff games scheduled in as many days.

05/08/2014

Will Toyota soon be calling Texas home -- instead of Torrance? (credit: Don Emmert/AFP/Getty Images)

Stunning Move — Is Toyota Planning On Leaving Torrance For Texas?

The move would be a huge blow to California’s economy.

04/27/2014

mortgage default home sales market

California Foreclosure Starts Rise This Year

A research firm says California home foreclosure starts increased from January through March after plunging to an eight-year low in the previous quarter.

04/22/2014

(Photo credit: Kevork Djansezian/Getty Images News)

‘2020’ Report: Port Merger, Minimum Wage Hike Would Jump-Start Economy

The 2020 Commission threw its support behind a minimum wage increase and combining the Ports of Los Angeles and Long Beach to return the region to prosperity.

04/09/2014

(credit: Kevork Djansezian/Getty Images)

Gas Prices Spike To Highest Level Since Summer Of 2013

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Wednesday to its highest amount since last summer, according to industry officials.

04/09/2014

(Photo credit: Kevork Djansezian/Getty Images)

Calif. Unemployment Dips, 30K Jobs Lost In January

California’s unemployment rate decreased to 8.1 percent in January despite the loss of 31,000 jobs statewide, according to figures released Friday.

03/07/2014

(credit: iStockphoto.com)

Study: Hard Times Drive Adult Kids To Return Home

More than 2.3 million adult children are living with their parents in California, a 63 percent increase since the Great Recession began seven years ago.

02/27/2014

After over 40 years, the  "Tonight Show" is set to move back to New York City. (Photo credit: Kevin Winter/Getty Images)

‘Tonight Show’ Set For Final Sign-Off From Burbank

When “Tonight Show” host Jay Leno signs off for the final time on Thursday night, hundreds of jobs in the city of Burbank will also be saying goodbye.

CBS2 / KCAL9–02/06/2014

(credit: Joe Raedle/Newsmakers)

Long-Awaited South LA Shopping Center Set For Debut

City officials are hoping a $20 million shopping center project set to open for business in South Los Angeles will spur the local economy and attract investors.

02/03/2014

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