BUSINESS
January 19, 2012 | By Jerry Hirsch
General Motors Co. plans to bring a special version of the Chevrolet Volt to the California market that will qualify the plug-in hybrid sedan for a $1,500 state rebate and a coveted carpool lane sticker. The Volt, which the automaker has made the poster child for its environmental credentials, has sold slower in California than its all-electric rival, the Nissan Leaf -- in part because it previously did not qualify as a vehicle solo drivers could use in the state's network of time-saving carpool lanes.
CALIFORNIA | LOCAL
September 16, 2011 | Hector Tobar
I've never been one for eating food off the street. But this week, in pursuit of journalistic truth, I purchased a tamale — or tamal, in Spanish — from a street vendor pushing a shopping cart in South Los Angeles. You can sell food on the street legally, with a series of business and health permits, but these days, L.A. County is taking the move to regulate food vending a step further by issuing letter grades to food trucks. Now, even hot dog, fruit and tamale vendors are getting grades.
BUSINESS
August 13, 2011 | By Alana Semuels, Los Angeles Times
Convinced that everything you buy these days has a Made-in- China label? Then you aren't paying attention. Things made in the U.S.A. still dominate the American marketplace, according to a new study by economists at the San Francisco Federal Reserve. Goods and services from China accounted for only 2.7% of U.S. personal consumption spending in 2010, according to the report titled "The U.S. Content of 'Made in China.' " About 88.5% of U.S. spending last year was on American-made products and services.
BUSINESS
May 16, 2011 | By Tiffany Hsu, Los Angeles Times
Life in the fast lane is coming to an end for hybrid drivers. After a six-year run, the yellow stickers that allow owners of about 85,000 older hybrid vehicles to drive solo in carpool lanes are expiring July 1 — this time for good. The day of reckoning has been postponed twice before, but now that hybrids are popular and the carpool lanes are getting jammed, the Department of Motor Vehicles said there won't be any additional extensions. "It's done," said Jaime Garza, a DMV spokesman.
BUSINESS
April 28, 2011 | By Ronald D. White, Los Angeles Times
Gasoline prices are skyrocketing — and so are oil company profits. Exxon Mobil Corp. earned nearly $11 billion in the first three months of the year, a rollicking 69% increase over its performance for the same period last year. That's on sales of $114 billion. It's the same story for the other big oil companies. Royal Dutch Shell turned a profit of $6.3 billion in the first quarter, and BP — despite lingering costs from the Gulf Coast oil spill — made $7.1 billion. What they aren't making is fuel, at least not in normal quantities.
BUSINESS
April 3, 2011 | Kathy M. Kristof, Personal Finance
If you're thinking about buying a car this year, you're far from alone. Auto sales appear to be ramping up after a couple of fairly lackluster years. But with the economy still on tenterhooks, consumers may want to pay careful attention to auto economics, said Jack Gillis, author of "The Car Book," an annual compendium of information on auto safety, reliability and costs. The price of the car is an important consideration, of course. But ongoing costs — for insurance, repairs and fuel — can vary markedly from one vehicle to another.