Upstart airlines Avelo, Breeze prepare for a profitable year

Upstart airlines Avelo, Breeze prepare for a profitable year

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. Patrick T. Fallon | AFP | Getty Images In the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines have returned to … Read more

Waymo Will Bring Autonomous Taxis to Los Angeles—Its Biggest Challenge Yet

Waymo Will Bring Autonomous Taxis to Los Angeles—Its Biggest Challenge Yet

Paid autonomous vehicle service is coming to Los Angeles, thanks to a decision by California regulators today to allow Alphabet subsidiary Waymo to operate in the city. Under the new ruling, Waymo is also permitted to launch service in a large section of the San Francisco Peninsula. The decision by the California Public Utilities Commission … Read more

Part Two’ hits theaters Friday amid box office drought

Part Two’ hits theaters Friday amid box office drought

Timothee Chalamet stars as Paul Atreides in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment LOS ANGELES — Movie theater operators are hoping that Warner Bros. and Legendary Entertainment’s “Dune: Part Two,” due out in theaters Friday, will be the much-needed oasis amid a drought of blockbuster content. Since the start of the … Read more

Prison inmate stole $550 million in Covid tax credits

Prison inmate stole 0 million in Covid tax credits

Kameleon007 | Istock | Getty Images A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out of more than $550 million in Covid-era federal tax credits, prosecutors said. The inmate, Kristopher Thomas, was also charged with running a drug trafficking operation from his cell at … Read more

Biden creates anti-Trump war chest

Biden creates anti-Trump war chest

US President Biden arrives to board Air Force One at Joint Base Andrews in Maryland on December 20, 2023, as he departs for Milwaukee, Wisconsin. Mandel Ngan | Afp | Getty Images President Joe Biden’s $140 million campaign war chest has been bolstered by a group of loyal advisers and fundraisers that some party strategists … Read more

Jeans brand True Religion exploring sale

Jeans brand True Religion exploring sale

The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned.  True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million in earnings before interest, taxes, … Read more

Los Angeles Hotel Strikes Continue After 7 Months

Los Angeles Hotel Strikes Continue After 7 Months

Union workers who have battled dozens of Southern California hotels for new contracts are squaring off with an unlikely holdout: an airport hotel owned by the pension fund of a fellow union. Unite Here Local 11, which represents housekeepers and other hotel workers, has been waging intermittent strikes across Los Angeles to pressure hotel operators … Read more

Startup K2 Space raises $50 million to build monster satellites

Startup K2 Space raises  million to build monster satellites

K2 Space co-founders Karan Kunjur and Neel Kunjur at the company’s facility in Torrance, California. Credit: K2 Space Los Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that are coming to market.  Nearly two years since founding, K2 co-founders and … Read more

Trader Joe’s appeals loss in trademark lawsuit against union

Trader Joe’s appeals loss in trademark lawsuit against union

Joe Raedle | Getty Images News | Getty Images Trader Joe’s is asking a federal appeals court to reverse a judge’s scathing dismissal of the grocery store chain company’s lawsuit that alleged trademark infringement by an employee labor union in selling merchandise on its website. The appeal, filed Thursday, comes nearly a month after the … Read more

U.S. engineer contacted China before stealing missile tech

U.S. engineer contacted China before stealing missile tech

A deactivated Titan II nuclear ICMB is seen in a silo at the Titan Missile Museum on May 12, 2015 in Green Valley, Arizona.  Brendan Smialowski | AFP | Getty Images Federal prosecutors charged an engineer who worked at a Los Angeles-area company with stealing trade secret technologies developed for use by the U.S. government … Read more