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Rocket Lab enters satellite communications market with $8-billion deal

Lun, 06/29/2026 - 15:18

Rocket Lab, a Long Beach launch company, is acquiring satellite communications provider Iridium for $8 billion in cash and stock, in a deal announced Monday.

Anthropic partners with California to expand AI use by government workers

Lun, 06/29/2026 - 14:48

State agencies will be able to access Anthropic's AI assistant Claude at a discounted price along with free training as part of an effort to use technology to make government more efficient.

Comcast is spinning off NBCUniversal media and entertainment assets

Lun, 06/29/2026 - 08:21

Comcast is spinning off its NBCUniversal entertainment and media assets into a separate publicly traded company.

Warner Discovery boss is again among highest-paid CEOs in America

Lun, 06/29/2026 - 05:00

Zaslav's pay tripled to $165 million — eighth highest among large U.S. CEOs — even as 84% of shareholders rejected it and a Paramount sale nears an $887-million exit.

Swipeless online dating? How AI is reshaping the search for love

Dom, 06/28/2026 - 05:00

Traditional dating apps including Tinder, Grindr and Bumble and California startups are experimenting with how AI could reshape how people find love online.

Truck parking lot plans near Port of Los Angeles spark backlash among residents

Sáb, 06/27/2026 - 05:00

In response to concerns from coastal community members, the Los Angeles City Council temporarily blocked a proposal to build a truck staging area near the Port of Los Angeles.

Cisco to lay off more than 400 workers in California

Vie, 06/26/2026 - 14:48

The San José tech company informed the state that the job cuts will occur in their San Francisco Bay area offices.

Newsom blesses Uber ballot measure truce — but fight over car crash lawsuits continues

Jue, 06/25/2026 - 19:31

Gov. Gavin Newsom signed legislation Thursday limiting medical billing in ride share accident litigation, averting a November showdown between Uber and the state's trial attorneys. The agreement comes as Uber pushes forward with a lawsuit against two prominent L.A. law firms.

Snap sued by parents of girl who was raped by man she met on Snapchat

Jue, 06/25/2026 - 17:02

The lawsuit alleges that Snap, the parent company of disappearing messaging app Snapchat, failed to disable and warn its users about "dangerous" features used by predators.

Snap CEO Evan Spiegel and Miranda Kerr help erase $550 million in medical debt for Californians

Jue, 06/25/2026 - 11:00

The couple donated millions of dollars to Undue Medical Debt, a national nonprofit that helps pay off medical bills. The gift will affect more than 261,000 Californians in medical debt.

How Culver City-based Scopely built 'Monopoly Go!' into a mobile games juggernaut

Jue, 06/25/2026 - 09:29

After a seven-year development process, "Monopoly Go!" is approaching $8 billion in lifetime revenue.

Wildfire rebuilding boosts L.A. County job growth in May

Jue, 06/25/2026 - 05:00

The reconstruction of homes destroyed in the January 2025 wildfires helped drive L.A. County jobs growth in May.

Hiltzik: Puncturing the myth of Alan Greenspan, whose policies gave us the Great Recession

Jue, 06/25/2026 - 05:00

Alan Greenspan was revered in the 1980s and 1990s for supporting the stock market, but retrospective views cloud his legacy.

Sony Pictures invests $100 million in virtual reality venue Cosm

Mié, 06/24/2026 - 13:57

The El Segundo-based Cosm operates three venues — at Hollywood Park in Inglewood, as well as in Dallas and Atlanta.

An electric truck for less than $25,000? Deliveries begin this year

Mié, 06/24/2026 - 07:00

The electric vehicle startup Slate Auto just unveiled the price of its highly customizable pickup truck. The company said its first customers will receive their vehicles in the fourth quarter this year.

SpaceX stock returns to Earth after record IPO

Mar, 06/23/2026 - 17:26

SpaceX stock was hovering around $160 a share on Tuesday, returning to its closing IPO price after a run-up that raised shares 40% since the company went public.

Los Angeles tries again to phase out urban oil production

Mar, 06/23/2026 - 17:08

The L.A. City Council attempted to phase out oil production in 2022, but the ordinance was struck down by a judge following legal challenges from the oil and gas industry.

Why tech stocks are getting hammered

Mar, 06/23/2026 - 16:42

Share prices in big AI players such as Nvidia and Micron Technology dropped on Tuesday as investors grow wary about whether massive AI spending will pay off.

The other anti-data center movement: California's sky-high electricity prices

Mar, 06/23/2026 - 05:00

California may have an anti-data center movement, but high energy prices were already blocking development.

Hiltzik: How the coming AI-related IPOs could puncture the AI bubble

Mar, 06/23/2026 - 05:00

AI firms are staging IPOs to collect billions in capital. But where is the money coming from--or going?