LA Times to be sold to local billionaire

The Los Angeles Times is being sold to billionaire physician and investor Patrick Soon-Shiong in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times and San Diego Union-Tribune to Soon-Shiong's Nant Capital for $500 million plus the assumption…

5 big changes coming to Macy’s in 2018

Macy’s is right where the rubber meets the road in a world that’s seen mall stores continue to struggle and retail try to reinvent itself. Here’s a look at what the iconic retailer has in store for 2018 as it tries to right its ship. RELATED: Here’s what happens to malls after department stores close Look…

Chevrolet only managed to sell one car in a month to an entire country

Chevrolet is one of the world’s largest automakers, yet they only managed to sell one car in the U.K. last month. In fact, they didn’t sell any last year, according to Top Gear. You may be wondering how this is possible, but it’s actually quite simple. GM sells cars in Europe that are branded Opel and…

Casino Mogul Wynn Resigns After Sexual Misconduct Allegations

Billionaire casino mogul Steve Wynn has resigned as head of Wynn Resorts, less than two weeks after the Wall Street Journal published a report about decades of allegations of sexual misconduct. The Journal article detailed several incidents in which Wynn allegedly pressured staff to perform sex acts. The allegations include those from a manicurist who claims…