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Strong holiday sales help push up stock market

Investors are encouraged by reports that a record number of shoppers poured into malls and shopping centers around the country over Thanksgiving weekend.

The strong start to the holiday shopping season and new proposals to help ease Europe’s debt crisis finally injected some confidence into a recession-wary Wall Street.

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New cold warehouse near LAX could help region import perishables

Southern California dominates maritime freight, but Los Angeles’ main airport handles far less fruit, vegetable and flower imports than Miami’s.

Those Argentine blueberries and Colombian roses at your local market probably took a lengthy detour on their way to Southern California.

Dance fitness video games boogie their way to success

Dance video games have marched up the charts of top-selling titles. The genre especially appeals to females and children.

This year, before the pumpkin pie and turkey gravy even hit the Thanksgiving table, Reili Waniss got a head start on her perennial New Year’s resolution to lose weight and get fit.


Judge rejects $285-million settlement between SEC, Citigroup

Federal Judge Jed Rakoff in his order criticizes the SEC for its ‘relatively modest’ punishments on big Wall Street banks for wrongdoing during the financial crisis and describes the proposed settlement amount as ‘pocket change to any entity as large as Citigroup.’

A federal judge in New York issued a stern challenge to the government’s […]

Chinese factory workers go on strike as exports slow

With demand for Chinese exports slowing, some factories in the nation’s industrial heartland are grappling with trouble at home: strikes by workers whose pay is shrinking.

Hard to stop telemarketing calls from ‘Rachel’

A recorded message from ‘Rachel’ at ‘card member services’ tells consumers they can lower their credit card rate. For some in the U.S., getting the telemarketing calls to end has been no easy task.

Howard Cohen has received dozens of calls from “Rachel” at “card member services.” At first he thought they must be […]

Farmers & Merchants Bank family scion stole from client’s account

Matthew J. Walker, who managed Farmers & Merchants’ Laguna Hills branch, pleaded guilty to stealing nearly $2 million from a customer’s account.

A member of the founding family of Farmers & Merchants Bank has pleaded guilty to stealing nearly $2 million from a customer’s account.


California farms are looking greener than ever

With prices for many crops near all-time highs, farm income is expected to post strong gains this year. That makes the agriculture sector a rare bright spot in the state’s economy.

As Californians savor their Thanksgiving feasts, the states’ farmers are especially thankful. California’s agriculture sector is on track for a record year, a rare […]

U.S. corporate profit growth is poised for a slowdown

Slashed earnings estimates for the current quarter and the first period of next year are a potential drag on an already reeling stock market.

Despite the struggling global economy, investors for the last two years have gotten used to corporate America generating robust earnings gains.


Internet to greeting cards: Sorry for your sales loss

With email and other ways of sending messages, demand for traditional greeting cards has been on a long, gradual decline. But card makers say don’t count them out.

The greeting card business may be in need of a get-better-soon card.