Homeboy Industries has kicked off a fundraising campaign to raise $100 million for a major expansion of its facilities downtown.

The gang-member rehabilitation center has big plans to upgrade its campus near Men's Central Jail downtown to accommodate more people and teach more skills.

Homeboy Industries founder Father Greg Boyle and real ...Read more

A months-long calm on Wall Street came to an end Friday when U.S. stocks suffered their worst selloff in six months after President Donald Trump threatened “a massive increase of tariffs on Chinese products” imported into the U.S.

The S&P 500 Index wiped out its weekly advance after tumbling 2.7%, its worst day since April 10, when the ...Read more

General Motors Co. is scrapping plans for a factory in Detroit as part of a broader decision to end development of hydrogen fuel cells for everyday drivers, the automaker said Friday.

Salaried workers, primarily in Pontiac, were laid off Friday morning as part of the closure of GM's Hydrotec brand, spokesperson Stu Fowle said. Fowle declined to...Read more

Last week, people in Washington who get their Medicare Advantage coverage through Kaiser Permanente received a seemingly worrisome letter in the mail.

"Your Medicare plan won't be offered in 2026," it warned. "This means your coverage through Kaiser Foundation Health Plan of Washington will end December 31, 2025." (The Kaiser Foundation Health ...Read more

Ford Motor Co. on Friday said it has added a former General Motors Co. executive to lead its product development, among a number of other executive changes.

Jim Baumbick, vice president of advanced product development, cycle planning and program, will lead the strategic direction of Ford Europe as its president starting Nov. 1. Replacing him on...Read more

For Scott Bessent’s $20 billion bet on Argentina to pay off, a lot of things have to go right — things that in the past, in Argentina, have tended to go wrong.

The Treasury secretary announced a lifeline Thursday that’s designed to pull the country’s financial markets out of deepening turmoil, and a close political ally out of a hole. ...Read more

Don Ruhmann, Boeing’s chief aerospace safety officer, thinks the company is “poised” for change.

Ruhmann, 61, is the second person to take on the role since Boeing created it in 2021, in the wake of two deadly 737 Max crashes. His office is in charge of some of the company’s most-criticized programs, including an internal channel for ...Read more

As someone who owned an original Acura ZDX back in 2010, I believe the historically ugly crossover SUV failed due to its futuristic design and coupe-like tail, which was years ahead of its time. Now consumers love coupe-shaped SUVs and are gaga for the German automakers' stylish designs.

The ZDX name plate is back for 2025, but this time as an...Read more

The 2025 Ford Maverick Lobo isn’t a big truck. Nope, the Lobo is small, at least by modern truck standards. That means it’s about the size of an old Ford F-150 from the Clinton administration or a Chevy Silverado from the Reagan years. And because the full-size American pickup truck has supersized along with the American waistline, the ...Read more

U.S. President Donald Trump predicted China would resume purchases of American soybeans after meeting President Xi Jinping, though a cabinet official said federal relief for beleaguered farmers will have to wait until the government reopens.

Trump said Thursday that the pressure he would bring on the Chinese president during their planned sit-...Read more

President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks.

A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, contributed to a four-day losing streak for an S&P ...Read more

Ford Motor Co. on Thursday said it won't file for federal plug-in vehicle tax credits for transactions after the program's deadline, following a similar decision by General Motors Co.

The Dearborn automaker will continue to offer its current lease rates to customers, but will not claim the tax credit of up to $7,500. The incentive ended on Sept...Read more

ST. LOUIS — German life sciences giant Bayer is plotting its next moves after a big loss last month when the Missouri Supreme Court declined to reconsider a $611 million Roundup verdict against the company.

Its options could include stopping production of glyphosate, the active ingredient found in the Roundup weedkiller. Brian Leake, ...Read more

The Los Angeles Times Media Group, which includes the 144-year-old newspaper, a digital production studio and a gaming company, is moving forward to make shares in the combined entity available to the public, the company announced Thursday.

The company plans a round of private placement financing aimed at attracting large investors, private ...Read more

Billionaire Larry Ellison ponied up the money for his family to acquire the controlling stake in Paramount two months ago, and the tech titan would need to write another huge check should Paramount buy Warner Bros. Discovery.

So, in Hollywood circles, the question has been: How involved is the elder Ellison in Paramount's strategy and ...Read more

The U.S. rushed to stabilize Argentina’s economy on Thursday, offering $20 billion in financing and carrying out a rare intervention in currency markets to prop up the peso after weeks of sharp declines.

Washington has finalized a $20 billion currency swap framework with Argentina’s central bank, Treasury Secretary Scott Bessent said in a ...Read more

WASHINGTON — Foreign countries are seeking to capitalize on President Donald Trump’s new fee hike on applications for H-1B visas, a move some experts say could have a detrimental impact on the United States.

Canada, Germany and China are among the countries that have publicly signaled intent to attract to their country’s tech industries ...Read more

A cruise ship crew member who planted a hidden camera to watch a young girl undress in her cabin may have spied on over 900 passengers, a class action lawsuit alleges.

Lawyers who filed the civil lawsuit in a Miami federal court last October want each of those people to be able to hold the company accountable and receive damages. But Royal ...Read more

Shoppers in California plan to splurge this coming holiday season, but not because they are confident about the future. They are worried about inflation and figure it’s better to buy now than pay more later.

At least that’s the takeaway from a new report from accounting firm KPMG that shows that consumers on the West Coast are more ...Read more