The Los Angeles Post
U.S. World Business Lifestyle
Today: April 13, 2025
Today: April 13, 2025
MICHELLE CHAPMAN

MICHELLE CHAPMAN

Staff Writer

Latest From MICHELLE CHAPMAN

Business|Economy|Finance|Stock Markets|Travel

Delta Air Lines had been expecting a record year. Then a trade war broke out

Delta Air Lines, which believed as recently as January that it was on track for its best financial year in company history, said Wednesday that disruptions in global trade have created such enormous uncertainty that it scratched its performance expectations for 2025

Delta Air Lines had been expecting a record year. Then a trade war broke out
Business|Economy|Political|Stock Markets|US

US Steel hits 52-week high after Trump orders new security review of Nippon Steel bid

Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel’s proposed bid to buy U.S. Steel for nearly $15 billion

US Steel hits 52-week high after Trump orders new security review of Nippon Steel bid
Business|Economy|Political|US

Stellantis temporarily halts production at 2 plants in Canada, Mexico as auto tariffs take effect

Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles

Stellantis temporarily halts production at 2 plants in Canada, Mexico as auto tariffs take effect
Business|Health|US

Bankruptcy judge denies J&J settlement plan related to baby powder containing talc

A U.S. bankruptcy court judge has denied Johnson & Johnson’s settlement plan related to baby powder containing talc, providing another setback in the company’s efforts to resolve the matter

Bankruptcy judge denies J&J settlement plan related to baby powder containing talc
Business|Economy|Finance|US

Mortgage company Rocket buying Mr. Cooper in all-stock deal valued at $9.4 billion

Mortgage company Rocket Cos

Mortgage company Rocket buying Mr. Cooper in all-stock deal valued at $9.4 billion
Business|Economy|US

Dollar Tree offloads Family Dollar chain for $1 billion, ending a decade-long effort to find a fit

Dollar Tree is selling Family Dollar to a pair of private equity firms in a deal worth approximately $1 billion after unsuccessfully trying to incorporate it into its business for a decade

Dollar Tree offloads Family Dollar chain for $1 billion, ending a decade-long effort to find a fit
Australia|Business|Economy|Finance|Stock Markets|US

Another massive deal in the building supply sector, James Hardie offers AZEK $8.75 billion

Australian building products company James Hardie Industries is buying the US outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion

Another massive deal in the building supply sector, James Hardie offers AZEK $8.75 billion
Business|Economy|Technology|US

Johnson & Johnson plans $55 billion in US investments over the next four years

Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants

Johnson & Johnson plans $55 billion in US investments over the next four years
Business|Entertainment

Disney in search of perhaps its greatest sequel — a successor to Bob Iger

Behind the red carpet movie premieres and new thrill-inducing rides for fans of its amusement parks, there is a quiet search underway to find the successor to Bob Iger, the face of Disney for most of the past two decades

Disney in search of perhaps its greatest sequel — a successor to Bob Iger
Business|Economy|Fashion and Beauty|US

Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection

Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies

Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection
Business|Economy|Travel|US

At Southwest Airlines, checked bags will no longer fly for free

Southwest Airlines will begin charging customers a fee to check bags

At Southwest Airlines, checked bags will no longer fly for free
Business|Technology|US

Elon Musk claims X being targeted in 'massive cyberattack' as service goes down

Hours after a series of outages that left X unavailable to thousands of users, Elon Musk is claiming that the social media platform is being targeted in a “massive cyberattack."

Elon Musk claims X being targeted in 'massive cyberattack' as service goes down
Business|Economy|Finance|Political|Stock Markets|US

Major retailers temper expectations for 2025 as Americans slow their spending

Some retailers are beginning to take a more cautious approach with their financial forecasts as they keep a closer eye on signs of a pullback in consumer spending

Major retailers temper expectations for 2025 as Americans slow their spending
Business|Finance|Political|US

CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office

Business|US

Kroger Chairman and CEO resigns following investigation into personal conduct

Kroger Chairman and CEO Rodney McMullen is stepping down after an internal investigation into his personal conduct

Kroger Chairman and CEO resigns following investigation into personal conduct
Business|Economy|Finance|Stock Markets|US

Pending US home sales slide to all-time low in January on rates, prices, maybe weather

Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, and possibly the terrible weather last month hindered those seeking to buy

Pending US home sales slide to all-time low in January on rates, prices, maybe weather
Business|Economy|Finance|Stock Markets|US

Home Depot breaks same-store sales slump in US housing market that remains stressed

Home Depot broke a two-year slump in same store sales during the fourth quarter as customer demand improved in a housing market that has been buffeted by soaring mortgage rates and a scarcity of homes up for sale

Home Depot breaks same-store sales slump in US housing market that remains stressed
Business|Economy|Finance|Political|Stock Markets

Robinhood says SEC has closed its investigation into the company

Lawsuits filed against cryptocurrency platforms during President Joe Biden’s administration continue to fall away as the administration of President Donald Trump has projected a much more lenient stance on cryptocurrency markets

Robinhood says SEC has closed its investigation into the company
Business|Economy|Technology|US

Troubled electric vehicle maker Nikola files for bankruptcy protection

Troubled electric vehicle maker Nikola is filing for for Chapter 11 bankruptcy protection

Troubled electric vehicle maker Nikola files for bankruptcy protection
Business|Finance|Health|Stock Markets|US

CVS Health steers through rising insurance costs in a strong fourth quarter

CVS Health’s adjusted fourth-quarter profit handily beat Wall Street’s estimates, even as the drugstore chain and pharmacy benefits manager dealt with rising costs in its insurance division

CVS Health steers through rising insurance costs in a strong fourth quarter
Business|Economy|Travel|US

Frontier makes another takeover bid for Spirit Airlines and it is rejected, again

Spirit Airlines is rebuffing the latest takeover offer from Frontier Group, with the discount airline saying that it prefers focusing on its current reorganization plan

Frontier makes another takeover bid for Spirit Airlines and it is rejected, again
Business|Economy|Technology|US

Honeywell, one of the few remaining US industrial conglomerates, will split into three companies

Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa

Honeywell, one of the few remaining US industrial conglomerates, will split into three companies
Business|Economy|Entertainment|Finance|US

Box-office smash 'Moana 2' drives Disney profit in the first quarter

Disney easily topped first-quarter expectations thanks in part to the box office success of “Moana 2.”

Box-office smash 'Moana 2' drives Disney profit in the first quarter
Business|Economy|Food|Health

Waffle House is passing along the sky high cost of eggs to diners with a 50 cent surcharge

The Waffle House restaurant chain is putting a 50 cent per egg surcharge in place temporarily because of the biggest bird flu outbreak in a decade

Waffle House is passing along the sky high cost of eggs to diners with a 50 cent surcharge
Business|Celebrity|Entertainment|Sports

WWE continues to expand its social media reach with Royal Rumble

WWE continues to expand its social media reach as its successful blend of wrestling and celebrities took center stage at its Royal Rumble premium live event over the weekend

WWE continues to expand its social media reach with Royal Rumble

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