Laurence Darmiento covers finance, insurance, aerospace and dealmakers in Southern California for the Los Angeles Times. He joined the paper in 2015 as an assistant business editor and has overseen finance, real estate and Washington business coverage. Previously he had been the managing editor of the Los Angeles Business Journal and was a reporter for the Los Angeles Daily News and other outlets. A New York native, he is an alumnus of Cornell University.
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ServiceTitan, a Glendale tech company that makes software for plumbers, painters and other tradespeople, has filed for an initial public offering but has not disclosed how much money it plans to raise.
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant in Georgia.
The maker of electric vehicles and trucks has faced numerous challenges as the EV market has cooled, but its CEO is optimistic about Rivian’s future thanks to a joint venture with Volkswagen Group.
SpaceX launched its Starship rocket system on its sixth test flight Tuesday, with Donald Trump in attendance at Starbase, the company’s Texas launchpad.
Elon Musk’s ties to the Trump administration pose potential conflicts of interest for his various businesses that have extensive contracts with the federal government.
With the wind dying down and the humidity rising, some 3,000 fire personnel were making headway Saturday containing the Mountain fire, which has destroyed more than 130 homes and damaged nearly 90 others in Ventura County.
The Federal Trade Commission is accusing Los Angeles cash app Dave Inc. of misleading customers about fees, the amount of money it gives out and when they can get it.
Vitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses.
Analysts expect that struggling Boeing Co. will hold on to its El Segundo satellite programs if it exits the space industry amid stiff competition from SpaceX.
B. Riley announces the sale of a portfolio of assets for $236 million, which will help the struggling Westwood-area financial services firm pay down debt related to buyout deal that went bad.