Saks owner said to be nearing deal to buy Neiman Marcus for $2.65 billion

Two of the biggest luxury department store chains in the country are joining forces, with a…

Hiltzik: Martin Shkreli just can’t keep out of controversy

Some people just have a knack, even a skill, for placing themselves at the center of…

Hiltzik: How the fast-food industry uses deceptive employment numbers

The fast-food industry has been wringing its hands over the devastating impact on its business from…

Warner Bros. Discovery raises Max subscription price amid streaming inflation

Warner Bros. Discovery is raising the cost of ad-free subscriptions to its streaming platform, Max. The…

Rubio’s Coastal Grill abruptly shuts down 48 restaurants in California

Rubio’s Coastal Grill, a fast-casual Mexican restaurant based in Carlsbad, has abruptly closed 48 stores in…

Tesla cutting 601 jobs in Bay Area, a sign of more problems

In the fourth straight week of layoff announcements, Tesla said it is now concentrating on reducing…

What Los Angeles restaurant Botanica does with your dollar

My industry has always been as difficult as it is magical. In the post-pandemic era, challenges…

Behind Gov. Newsom’s plan for faster review of insurance rate hikes

With insurers continuing to pull back from the California’s homeowners’ market, Gov. Gavin Newsom wants to…

Walmart launches store-branded food line catering to younger shoppers

Walmart on Tuesday launched a line of store-branded groceries, stocking shelves with items like hot honey…

Set college costs based on what graduates are likely to earn

It took me by surprise when my son initially floated the idea of not going to…