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Elon Musk’s ties to the Trump administration pose potential conflicts of interest for his various businesses that have extensive contracts with the federal government.
With the wind dying down and the humidity rising, some 3,000 fire personnel were making headway Saturday containing the Mountain fire, which has destroyed more than 130 homes and damaged nearly 90 others in Ventura County.
The Federal Trade Commission is accusing Los Angeles cash app Dave Inc. of misleading customers about fees, the amount of money it gives out and when they can get it.
Vitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses.
Analysts expect that struggling Boeing Co. will hold on to its El Segundo satellite programs if it exits the space industry amid stiff competition from SpaceX.
B. Riley announces the sale of a portfolio of assets for $236 million, which will help the struggling Westwood-area financial services firm pay down debt related to buyout deal that went bad.
State Farm is seeking a 30% rate hike, claiming its California unit is in financial trouble. Consumer Watchdog alleges the home insurer is hiding earnings.
Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.
Troubled L.A. financial services firm B. Riley is selling a stake in its Great American liquidation and appraisal business in a $386 million deal to lower its debt and recover from a scandal that has spooked investors.
Fisker Inc. will wind down operations under a bankruptcy plan approved Friday that should allow owners to drive their cars for years. But it will not pay anything to shareholders wiped out investing in the defunct Southern California electric-vehicle maker.
