Food industry investor C. Dean Metropoulos is seeking a new owner for Los Angeles-based Pabst Brewing Co, best known for blue collar-turned-hipster favorite Pabst Blue Ribbon label, sources told Reuters.
Electronics retailer Radio Shack plans to close as many as 1,100 stores, about nearly 20 percent of its locations, CNN Money reports.
Apple today said the Chief Financial Officer Peter Oppenheimer, who has been with the company since 1996, will retire and will leave the company at the end of September, the Wall Street Journal reports.
Facing a backlog of hundreds of health and safety complaints about nursing homes, Los Angeles County public health officials told inspectors to close cases without fully investigating them, according to internal documents and interviews, the Los Angele Daily News reports.
Walt Disney Co. and satellite TV provider Dish Network have signed a new long-term distribution deal that includes an agreement for Dish to disable its controversial ad-skipping feature for ABC network shows, the Los Angeles Times reports.
Edgar Martirosyan started at Big Mama’s and Papa’s Pizzeria in Hollywood handing out fliers, eventually moving up to manager and buying the franchise, the Los Angeles Times reports, all leading up to his appearance on the Oscar show.
Samsung Electronics Co. struck social media gold when Oscars host Ellen DeGeneres used one of its smartphones to take what has now become the world's most famous selfie, the Los Angeles Times reports.
The U.S. electric grid could take months to recover from a physical attack due to the difficulty in replacing one of its most critical components, the Wall Street Journal reports.
The Los Angeles Times profiles Sony Santa Monica Studio head Shannon Studstill, who is considered somewhat of an anomaly in the male-dominated video game industry.
The difference in pay between CEOs and the average worker has skyrocketed in the past few decades, up to 354 times more in 2012 according to the AFL-CIO’s Executive Pay Watch, the Los Angeles Daily News reports.
As another powerful winter storm pummels the East Coast, tens of thousands of airline passengers faced another round of cancellations and delays that will leave them stranded far from their destination, CNBC reports.
Financial markets rallied this morning after Vladimir Putin appeared to blink, denying that Russia was planning to invade the Ukraine, Yahoo Finance's Daily Ticker reports. Bloomberg News looks at how Russian stock investors have become experts at bracing for the unexpected from their nation's president.
In Tuesday morning trading, the Dow Jones industrial average was up 206 points, or more than 1 percent, to 16,374. The Nasdaq rose 74 points, or more than 1 percent, to 4,351. The S&P 500 rose 25 points, or more than 1 percent, to 1,871.
The escalating Ukraine crisis rocked global financial markets today, the Wall Street Journal reports, driving up oil prices and sending investors rushing into perceived safe-haven assets. Ukraine accused the Kremlin of violently seizing border posts and making moves to significantly expand its forces in Crimea.
Crimea may seem like a nondescript piece of land to squabble over – but its strategic significance has made it the battleground between Russia and the West before, CNBC reports.