Money & Company - latimes.com

Airbnb rentals ruled illegal in New York City

By Tiffany Hsu — Tue, 21 May 2013 13:04:00 PDT

A judge has ruled that Airbnb, the popular online service that allows homeowners and apartment dwellers to offer their residences as temporary rentals, is illegal in New York City.

Herbalife chooses PricewaterhouseCoopers as new auditor

By Stuart Pfeifer — Tue, 21 May 2013 10:27:00 PDT

Herbalife Ltd. has chosen PricewaterhouseCoopers as its independent auditor, ending a nearly two-month effort to replace KPMG, which resigned after a senior partner was accused of insider trading.

Home Depot boosts profit, sales as housing market improves

By Tiffany Hsu — Tue, 21 May 2013 09:26:00 PDT

Spring was waiting in the wings longer than expected, but the recuperating housing market was enough to boost Home Depot Inc.’s first-quarter earnings above Wall Street’s expectations.

Best Buy earnings slump on turnaround costs, Super Bowl shift

By Tiffany Hsu — Tue, 21 May 2013 08:00:00 PDT

Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day.

Apple CEO Tim Cook strongly defends tax policy at Senate hearing

By Jim Puzzanghera — Tue, 21 May 2013 09:22:00 PDT

JPMorgan's Jamie Dimon survives vote to strip him of chairmanship

By Andrew Tangel — Tue, 21 May 2013 09:29:00 PDT

A JPMorgan Chase & Co. shareholder proposal to split the bank's chairman and chief executive roles -- now both held by Jamie Dimon -- failed to win a majority's support Tuesday.

F-35 fighter jet program reaches milestone with vertical takeoff

By W.J. Hennigan — Mon, 20 May 2013 17:19:00 PDT

Carlos Slim firm files California complaint against detractors

By Marc Lifsher — Tue, 21 May 2013 06:30:00 PDT

SACRAMENTO -- Mexican telecom billionaire Carlos Slim is punching back at an advocacy group that's been criticizing him across the country and on the steps of the California Capitol building.

$190-million mansion in Connecticut tops Realtor.com listings

By Lauren Beale — Tue, 21 May 2013 07:00:00 PDT

The thing about "vanity pricing" is … it does provide exposure. There’s nothing quite like planting a for-sale sign at the top of the price spectrum to draw notice.

Report: Apple avoided billions in U.S. taxes on foreign income

By Jim Puzzanghera and Chris O'Brien — Mon, 20 May 2013 14:04:00 PDT

This post has been corrected. See the note at the bottom for details