Business

196-Unit Low-Income Housing Project Planned Near Koreatown Metro

A low-income mixed-use housing complex is planned near the Wilshire/Crenshaw Metro area adjacent to Koreatown, according to a recent notice from the Greater Wilshire...

California Home Sales Reach 3-Year High in November

California home sales climbed to their highest level in three years in November, even as home prices softened, reflecting a cautiously improving housing market,...

Ford cancels $7.2 billion battery supply contract with LG

LG Energy Solution has canceled part of a major battery supply agreement with Ford, reflecting the automaker’s shift away from electric vehicles following U.S. subsidy cuts and weaker EV demand.

High-End Online Shopping Expands as Amazon Sells Cars, Luxury Goods

Amazon, long known for everyday essentials, is expanding into high-priced categories ranging from automobiles to luxury goods, positioning itself as a platform for high-end...

Air Premia sale cuts fares up to 15% on five U.S. routes

Hybrid airline Air Premia has launched a year-end special discount promotion, offering up to 15% off airfare on five U.S.-departure routes. Under the Air Premia...

2,346 Sign Up for Planned U.S. Class Action Over Coupang Data Leak

More than 2,000 people have signed up to join a planned U.S. federal class action lawsuit against Coupang Inc., the U.S.-based parent company of...

Pay Rent to Build Credit, Zillow Launches CreditClimb

A new service that connects renters’ monthly rent payments to their credit scores has entered the market, offering tenants a way to build credit...

Samsung chief meets with Elon Musk in Texas months after major chip deal

Samsung Electronics Chairman Lee Jae-yong met Tesla CEO Elon Musk in Texas, touring Samsung’s new semiconductor plant as the companies explore deeper cooperation following a major chip deal.

Year-end Car Deals Expand as Automakers Boost Discounts

Car buyers are seeing more year-end car deals as automakers and dealerships increase discounts, low-interest financing, and cash incentives to meet annual sales goals....

SK On, Ford agree to dissolve $11B battery joint venture across 3 U.S. factories

SK On and Ford agreed to dissolve their $11 billion BlueOval SK battery joint venture, splitting ownership of three U.S. plants as both companies adjust to slowing EV demand. Ford will take over two Kentucky factories, while SK On assumes full control of the Tennessee plant and plans to supply batteries to Ford and other customers.