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BUSINESS
March 19, 2014 | By Tiffany Hsu
Starbucks Corp. will extend its post-4 p.m. Evenings menu, which includes alcohol, to thousands of stores nationwide. The program is already available at more than 25 locations in Los Angeles, Chicago, Seattle, Portland and Atlanta, according to the company's website. At the four participating Southland Starbucks, the Evenings selection includes Parmesan-crusted chicken skewers with honey-dijon sauce, chocolate fondue with a dried fruit medley and madeleine cookies, beer and wine from Argentina, Italy and California.
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ENTERTAINMENT
March 17, 2014 | By Todd Martens
What does boy band sensation One Direction have in common with alt-rock-era stars Veruca Salt and R.E.M.? They're all among the acts who revealed that they'll be participating in the 2014 edition of Record Store Day, a promotional event geared toward getting consumers to shop at participating indie retailers. A now annual affair in which artists big and small release limited-run editions of rare or hard-to-find pieces, the full slate of participants will be unveiled on Thursday during a news conference at Hollywood's Amoeba Music . Public Enemy's Chuck D is scheduled to be on hand, as is L.A. Mayor Eric Garcetti.
BUSINESS
March 16, 2014 | By Hannah Kuchler
Like bacteria, big data are lurking in the stomachs of cows. Some farmers are using sensors and software to analyze it and predict when a cow is getting ill. Just like customers, cows do not always speak out when something is wrong. But companies can use data to predict potential risks and opportunities in cows and customers alike. The message of a new book, "Big Data @Work," by Thomas H. Davenport, a fellow of the MIT Center for Digital Business, is that companies are only beginning to understand the questions they can ask of their vast stores of data - and how to build the internal structures to make the most of it. "Big data" is a fashionable, sometimes overused term for the vast amounts of information that can now be stored because of the growth of online activity and the low cost of storage.
BUSINESS
March 13, 2014 | By Salvador Rodriguez
Apple appears to be the latest entity to jump on the selfie bandwagon, adding a new section to its App Store dedicated solely to apps that are ideal for taking the self-portrait-style pictures. The Cupertino, Calif., tech company appears to have added a featured section, titled "Sharing Selfies," Thursday afternoon. The section is used to promote various apps, including Snapchat, Frontback, Everyday and Picr. The section can be found in both the mobile and desktop versions of the Apple App Store for iOS devices.
AUTOS
March 12, 2014 | By Jerry Hirsch
The strategy of Tesla Motors to sell its electric Model S sports sedan through company-owned stores took a hit this week when New Jersey required that autos sold in the state have to move through a middleman, namely a dealer. At the urging of auto dealers, the New Jersey Motor Vehicle Commission changed a rule Tuesday to require a franchise license to sell new cars in the state. Tesla has two company owned stores in New Jersey stores -- in Short Hills and Paramus -- that were operating under different licenses.
CALIFORNIA | LOCAL
March 12, 2014 | By Alene Tchekmedyian
Swedish furniture giant Ikea got the unanimous green light from the Burbank City Council on Tuesday to build its largest furniture store in the nation in Burbank. The retailer, which opened in Burbank in 1990 as its first store in California and sixth in the United States, will relocate roughly a mile to a nearly 23-acre lot at 805 S. San Fernando Blvd. The megastore is scheduled to open in August 2016, the Burbank Leader reported .Construction is slated to begin this summer, starting with the demolition of the 22 existing buildings on the property which are currently used for office, manufacturing, industrial, warehouse and residential purposes.
BUSINESS
March 10, 2014 | David Lazarus
CVS Caremark Corp. could face as much as $29 million in fines for allegedly losing track of prescription painkillers at four of its California stores, from which authorities said thousands of pills may have been sold on the black market. Officials at the U.S. Drug Enforcement Administration and the California Board of Pharmacy told me Monday that more than 37,000 pills were apparently taken from CVS stores in Modesto, Fairfield, Dixon and Turlock. Meanwhile, CVS pharmacists in Southern California said they've been instructed by the drugstore chain to get their paperwork in order so that no other prescription meds are found to be missing.
CALIFORNIA | LOCAL
March 7, 2014 | By Angel Jennings
As part of a crackdown on nuisance businesses, city officials revoked the liquor license of a South Los Angeles liquor store Friday that they say had become a hot spot for crime and violence. Law enforcement officials said that 125 arrests had been made directly related to alcohol purchased at Time Square Liquor over the last two years, including for public intoxication and selling alcohol to minors. Additionally, the business had been cited twice for violating its conditional use permit by selling alcohol without a license.  "This is a long time coming," said LAPD Capt.
BUSINESS
March 6, 2014 | By Tiffany Hsu
Weather in February was once again a roadblock for retailers, who said sales figures for the month missed already modest expectations. One gauge from Thomson Reuters found that same-store sales rose 1.8% last month, falling short of a projected 2.8% rise at stores open a year or longer. Without the effect of drugstores, retailers turned in a 0.3% sales increase, the worst showing since a 2.4% decrease in August 2009. Analysts had expected a 1.9% boost. Some segments, however, showed surprising health, or at least the promise of it. The clothing sector, not including Gap, beat estimates by swelling 1.3%.
BUSINESS
March 6, 2014 | By Tiffany Hsu
Office supply giant Staples Inc. is planning to close as many as 225 North American stores while slashing annualized costs by up to $500 million by the end of 2015. The Framingham, Mass., company, which has been pressured by online competitors such as Amazon.com and is threatened by the merging of Office Depot and Office Max, also said Thursday that sales for the fourth quarter ended Feb. 1 slumped 10.6% to $5.9 billion. The retailer projected that its first-quarter sales would also slide year over year, marking the fifth straight drop for the measure.
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