By Ed Ludlow and Isis Almeida | Bloomberg Irvine-based Rivian Automotive will cut an another 1% of its workforce, the second round of layoffs this year as the electric vehicle industry grapples with flagging consumer demand. “We continue to work to right-size the business and ensure alignment to our priorities,” the company said in an…
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By Fatima Hussein | The Associated Press The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of wealthy people and major companies. “We are overhauling compliance efforts to advance our commitment…
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By Michelle Chapman | The Associated Press Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Shares slid 12%, to $2.81. Peloton has been working on a significant rebranding since last…
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The LA County Fair returns Friday, May3, bringing fair favorites, spins on classic foods, and even a throwback trip to the roller rink. This year’s theme “Stars, Stripes, and Fun” aims to celebrate the uniqueness of the community and the traditions they have created, organizers said. A worker unpacks a ride on Tuesday, April 30,…
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By Stefanie Dazio LOS ANGELES — A scuba dive boat captain was scheduled to be sentenced by a federal judge Thursday on a conviction of criminal negligence after 34 people died in a fire aboard the vessel nearly five years ago. The Sept. 2, 2019, blaze was the deadliest maritime disaster in recent U.S. history,…
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By Vanessa G. Sánchez | KFF Health News Families of people with intellectual and developmental disabilities say Gov. Gavin Newsom is reneging on a scheduled raise for the workers who care for their loved ones, and advocates warn of potential lawsuits if disability services become harder to get. Citing California’s budget deficit, the Democratic governor…
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Angel City Football Club has battled through a tough schedule to start the 2024 season. Angel City has faced first-place Kansas City twice, third-place Orlando, fourth-place North Carolina and sixth-place Chicago so far this season. Bay FC is the only team Angel City has faced that is below it in the current standings. Starting Friday,…
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For several hours this weekend, there will be zero cars on nearly two miles of roadway along Barranca Parkway and Harvard Avenue in Irvine. Instead, runners, walkers, cyclists and skaters — and maybe even some four-legged friends — will power down that stretch from 11 a.m. to 4 p.m. on Saturday, May 4. Dubbed “CicloIrvine,”…
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As the June 15 constitutional deadline for enacting a 2024-25 state budget approaches, the good news for Gov. Gavin Newsom is that all-important income tax revenues in April slightly exceeded the administration’s $16.3 billion assumption. Even so, the bad news is that overall revenues from income, sales and corporate taxes are still running $6 billion…
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As the academic year draws to a close, protests have broken out on college campuses across the country. Students are protesting Israel’s actions in Gaza. Generally, they are calling for the United States government to stop arming and funding the war and, in the meantime, for their universities to divest from Israeli businesses. The current…
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