Sony Corp.’s PlayStation 4 sales are proving a bright spot for Chief Executive Officer Kazuo Hirai, who is cutting costs to spur a revival at a company hit by falling demand for televisions and cameras.
Frederic Scheer employed 70 people making plastic resins from plant starches in suburban Los Angeles until he calculated in 2010 that he could save $600,000 a year by moving Cereplast Inc. to the middle of Indiana.
Toyota Motor Corp.’s Scion line, a U.S. experiment intended to win over young buyers with idiosyncratic designs and low prices, will overhaul its lineup amid fading sales as the brand reaches adolescence.
California’s credit rating, ranked second-lowest in the U.S. by Standard & Poor’s, is poised to benefit if Governor Jerry Brown is able to persuade a special legislative session to alter plans for a budget reserve.
Nissan Motor Co., after best-ever U.S. sales of Leaf hatchbacks in 2013, plans to offer two years of free public charging for the battery-powered car in its strongest U.S. markets to entice more drivers to buy one.
China Petroleum & Chemical Corp. won dismissal of a U.S. lawsuit by a Hong Kong businessman who claimed company executives were involved in a plot that left him imprisoned for five years on trumped-up charges.
In Los Angeles, 61 percent of the population rents and the remaining 39 percent are homeowners. And in the past year the Los Angeles real estate market has seen an 17.3 percent increase in value, with a median sales price of $505,000, according to Zillow.