Los Angeles
True Religion explores a sale as maximalist, Y2K-era styles make a comeback
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, […]
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K2 Space, a startup with SpaceX veterans building monster satellites, raises $50 million
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 […]
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U.S. engineer contacted China just before thieving missile tracking tech, DOJ suggests
A deactivated Titan II nuclear intercontinental ballistic missile, or ICBM, is witnessed in a silo at the Titan Missile Museum in Eco-friendly Valley, Arizona, May well 12, 2015. Brendan Smialowski | AFP | Getty Photographs Federal prosecutors billed an engineer who worked at a Los Angeles-location corporation with stealing trade secret systems designed for use […]
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The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they'll pay bills
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images When she started shopping for the holidays late last year, Kiki Andersen was struggling to buy her loved ones gifts. So she turned to a novel solution to get through the season: Buy now, pay later. The 31-year-old comedian […]
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Radio shows surprising resilience even in a rapidly changing media world
Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014. Robert Alexander | Archive Photos | Getty Images It’s a familiar refrain: “Legacy media is dead” — unless you’re talking about radio. Despite being one of the oldest media formats, dating back to the 1890s, radio has […]
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4 males indicted in $80 million ‘pig butchering’ scheme
Las Vegas Review-journal | Tribune Information Services | Getty Pictures Federal prosecutors have disrupted a so-referred to as pig-butchering scheme that value victims much more than $80 million, the U.S. Department of Justice declared Thursday. 4 guys have been indicted and two arrests have been produced in a single of the most sweeping enforcement steps […]
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Baseball phenomenon Shohei Ohtani agrees to record $700 million 10-calendar year agreement with Dodgers
Shohei Ohtani agreed Saturday to a history $700 million, 10-yr deal with the Los Angeles Dodgers. The deal was declared soon after days of speculation the place the distinctive, two-way star would carry on his career following six seasons with the Los Angeles Angels. “This is a one of a kind, historic contract for a […]
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L.A. poultry firm hired kids as young as 14 to work with sharp knives, Labor Dept. says
The Exclusive Poultry in La Puente, Calif. Google Earth The Labor Department says that a Los Angeles-based poultry processor hired children as young as 14 to debone chicken with sharp knives and hid minors in closets when investigators showed up to ask questions, according to court documents and a new consent decree with the company announced Monday. […]
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Small music venues fight to keep prices affordable as inflation eats into profits
Melis82 | Istock | Getty Images It has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket prices affordable for audiences and take chances on lesser-known artists. The past year has seen music fans roaring back to large stadiums […]
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StubHub sees 60% jump in ticket sales for NBA season as international interest surges
Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023. Adam Pantozzi | National Basketball Association | Getty Images With the National Basketball Association season tipping off next week, StubHub sees ticket sales up nearly 60% […]
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