The LA Times

The United States National Highway Traffic Safety Administration is investigating Tesla Inc. (NASDAQ: TSLA) for defective battery cooling systems in its early Model S vehicles, the Los Angeles Times reported Wednesday. Tesla Faces NHTSA, NTSB Investigations The NHTSA is "well aware of the...

Uber Technologies Inc. (NYSE: UBER) shut down an office in Los Angeles last week leaving about 80 workers unemployed with no advance notice, the Los Angeles Times reported Tuesday. What Happened The affected employees all worked in customer support and were paid on an hourly basis. "We have...

The world's richest person Jeff Bezos has set a new record for the most expensive purchase of residential property in Los Angeles. What Happened The Amazon.com Inc. (NASDAQ: AMZN) founder and CEO has purchased the Beverly Hills Warner Estate for $165 million from billionaire entertainment mogul...

GenCorp (NYSE: GY), a manufacturer of aerospace and defense products and systems, has acquired Rocketdyne, the rocket engine manufacturing business, for $550 million. According to the LA Times, the deal is the latest move to see the aerospace industry further consolidated, as GenCorp also owns...