Business

Iconic Clifton's Cafeteria Shutters After Owner Cites Downtown LA Challenges

Vandalism, crime, and high costs force closure of legendary 90-year-old restaurant

Legendary Clifton's Cafeteria Operator Abandons Downtown LA Reopening

Proprietor cites challenges of doing business in historic downtown core after $14 million in renovations.

LA Officials Skeptical 2028 Olympics Will Benefit Local Businesses

City Council members criticize LA28 organizing committee for lack of specific plans to prioritize LA-based companies.

Disney Cuts 1,000 Jobs Under New CEO

Layoffs come as entertainment giant faces economic headwinds.

Disney Begins Mass Layoffs to 'Foster a Technologically-Enabled Workforce'

Hollywood continues to contract and dwindle as Disney trims over 1,000 jobs across the company.

Uber Eats Driver's Viral Tactic Boosts Tips Before White House Celebration

A Los Angeles driver's simple photo hack highlighted the disconnect between delivery apps and tipping culture.

Prediction Markets Raise Ethical Concerns for Journalists

News outlets grapple with how to handle staff participation in betting on news events.

Zep Appoints New CEO to Accelerate Strategic Vision

Tim Feast steps in as CEO to drive growth, operational excellence, and M&A for the 89-year-old cleaning solutions brand.

Money News Network Partners With Entrepreneur to Scale in Business Podcasting

The partnership combines MNN's distribution and audience expertise with Entrepreneur's editorial strength and digital reach.

Netflix Co-Founder Reed Hastings Resigns

Departure comes as company seeks new growth amid sales slowdown and potential merger.

AMC Stock Soars on CEO's Support for Paramount-Warner Deal

Aron says 30 films annually and 45-day theatrical window would be a 'significant improvement' for exhibitors

Air Lease Outperforms Competitors on Key Metrics

Analysts see less upside potential for Air Lease compared to industry peers

Stanford Grad Starts Six-Figure PR Firm After Struggling to Find Job

Ellen Yang turned her side projects into a successful marketing and publicity agency for writers.

Two Top Quants Exit Jump Trading After Record Quarter

Yiming Zhang and Darko Kirovski, influential researchers behind Jump Trading's machine learning operation, are departing the firm at the peak of its profitability.

TOKYOPOP Launches Reg CF Raise, Inviting Fans to Own a Piece of the Company

Nearly 30 Years After Pioneering Manga in the West, TOKYOPOP Opens Its Doors to Everyday Investors for the First Time