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BUSINESS
August 7, 2013 | By Ricardo Lopez
A new report by Oceana, an environmental advocacy group, found that seafood mislabeling can lead consumers to pay up to twice as much for certain fish, the group said Wednesday. The economic impact study comes six months after Ocean first reported that about one-third of seafood sold in the U.S. is mislabeled. That two-year study of 1,200 seafood samples found that 33% were mislabeled according to U.S Food and Drug Administration guidelines. QUIZ: How well do you know fast food?
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BUSINESS
February 25, 2012 | By Jim Puzzanghera, Los Angeles Times
Consumer confidence rose in February for the sixth straight month, according to a leading barometer, with 29% of the respondents saying they expected the unemployment rate to go down. The percentage of people expressing optimism about the job market was the highest since 2004, according to data released Friday by the Thomson Reuters/University of Michigan Survey of Consumers. The consumer sentiment index rose to 75.3 in February, up 0.4% from the previous month. But despite the more upbeat perspective, Americans reported that their personal finances were still in rough shape.
BUSINESS
October 16, 2012 | By Jim Puzzanghera
WASHINGTON -- Consumers did a better job making on-time payments for mortgages and credit cards last month than at any point since the end of the Great Recession. A leading index of defaults on consumer loans fell in September for the ninth straight month, hitting its lowest level since 2009. Defaults in four of the five loan categories tracked by the S&P Dow Jones Indices and credit reporting company Experian also dropped to their lowest level 2009, the companies said Tuesday.
NEWS
August 8, 2012 | By Betty Hallock
COFFEE COSTS The average monthly price for a pound of coffee fell 24% in July from a year earlier. But the price drop won't trickle down to customers until next year. [U.S. News] SPLASH LAB Watch an IBC root beer bottle shatter to bits through the power of tiny bubbles in a video produced by the Brigham Young University Splash Lab. [Bon Appetit] OVEN TEMP FALLACIES Think your oven is at 350 degrees when you set the dial to 350? Nope. It's anywhere between 330 and 370 degrees -- by design -- and that's if it's well calibrated.
BUSINESS
April 15, 2012 | By Chad Terhune, Los Angeles Times
Californians are still struggling to get straight answers about the cost of common medical procedures despite state efforts aimed at lifting the veil on medical pricing. As consumers shoulder a larger share of their healthcare costs, the ability to comparison shop is key to keeping that care affordable. Medical costs borne by U.S. employees have more than doubled since 2002 to more than $8,000 a year, while the median household income has dropped 4%. Under a state law that took effect in 2006, hospitals must publish their average charges for the most common procedures on a state website.
BUSINESS
October 18, 2011 | David Lazarus
Thanks to the U.S. Supreme Court, you may not have the right to sue a company you think has wronged you. Instead, if the company prefers, you could have to arbitrate the dispute — a process that consumer advocates say tips the scales of justice in favor of businesses. That imbalance would be remedied with passage of the Arbitration Fairness Act, a bill under consideration in Congress that would supersede the Supreme Court's ruling and reestablish consumers' right to sue and to join with others in class-action lawsuits.
BUSINESS
December 6, 2013 | By Chad Terhune
Raising concerns about consumer privacy, California's health exchange has given insurance agents the names and contact information for tens of thousands of people who went online to check out coverage but didn't ask to be contacted. The Covered California exchange said it started handing out this consumer information this week as part of a pilot program to help people enroll ahead of a Dec. 23 deadline to have health insurance in place by Jan. 1. State officials said they are only trying to help potential customers find insurance and sign up in time.
BUSINESS
July 2, 2013 | By Andrea Chang
Consumers often turn to the Internet to research a product before buying. Fake reviews are always a concern, and the problem may be bigger than previously thought. There have long been reports and rumors of businesses posting negative reviews of their competitors' products or companies that pay or reward users to write glowing reviews (known as cyber-shilling). But new research shows that loyal customers are writing extremely negative reviews about products they never purchased.
BUSINESS
December 19, 2013 | By Tiffany Hsu
Trinkel De La Paz, 24, loves this holiday's deep discounts because they're enabling her to be a more generous Santa. To herself, that is. The Silver Lake graphic designer bought herself an iPad mini and some clothes discounted on Cyber Monday, and she's not done. De La Paz said she feels free to splurge on herself because she has extra money from a recently landed job, a new apartment waiting to be spruced up and only one present to buy for her family's Secret Santa exchange.
BUSINESS
November 23, 2012 | By Walter Hamilton and Ricardo Lopez, Los Angeles Times
As you pack into the mall today with hordes of other Black Friday shoppers, think of it as an act of economic patriotism. With your shopping bags full of holiday gifts, you'll once again be playing a central role in the U.S. economy. After retrenching in the early days of the recovery, consumers are reasserting themselves as the key driver of U.S. economic growth. And that's coming at an opportune time, given that other economic propellants such as manufacturing and exports have slowed.
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