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Business and Economic News

Media company Tronc selling LA Times to billionaire doctor

The Los Angeles Times has been mired in controversy, including an NPR report on harassment allegations against its publisher. Now the paper is being sold to a California-based doctor and entrepreneur.

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Best Buy to pull CDs from its stores, according to report

Best Buy to pull CDs from its stores, according to report

The International Federation of the Phonographic Industry estimates that 112 million people worldwide now pay for access to streaming services.

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Steve Wynn resigns as head of Wynn Resorts amid sexual misconduct allegations

Steve Wynn resigns as head of Wynn Resorts amid sexual misconduct allegations

The accusations against the 76-year-old billionaire who owns casinos in Las Vegas and the Chinese territory of Macau were first published last month by The Wall Street Journal.

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Stocks repeatedly sink and recover as wild ride continues

Stocks repeatedly sink and recover as wild ride continues

After big swings higher and lower, U.S. stocks are up slightly in afternoon trading Tuesday as investors look for calm after a global sell-off. The swings came one day after the steepest drop in 6 years.
by The Associated Press

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Public may never know exactly how much the Super Bowl cost, made back

Public may never know exactly how much the Super Bowl cost, made back

The Super Bowl was expected to bring millions of dollars into the state. But economists say predictions of economic benefits for events like these are often inflated.
by Jon Collins

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White House plan giving restaurant owners more control over tips under fire

White House plan giving restaurant owners more control over tips under fire

Monday is the deadline for Americans to comment on the proposal. The Trump administration reportedly suppressed an analysis that found the plan could cost tipped workers billions of dollars a year.
by Scott Horsley

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