Money & Company - latimes.com

Aliso Viejo burger chain Johnny Rockets sold

By Tiffany Hsu — Wed, 19 Jun 2013 15:25:00 PDT

Southern California burger chain Johnny Rockets has a new owner in Boston Market parent Sun Capital Partners.

Fed's plan for the economy a surprise to many investors

By Alana Semuels — Wed, 19 Jun 2013 14:05:00 PDT

NEW YORK -- Everyone on Wall Street knows that the Federal Reserve will eventually stop its $85-billion-a-month bond buyback program and see if the U.S. economy can stand on its own two feet. Though most investors want this to happen and look forward to when the economy is booming again, many worry about what could happen to the economy without this government money.

Sale of tallest building in downtown L.A. to Asian investors is done

By Roger Vincent — Wed, 19 Jun 2013 14:16:00 PDT

The $367.5-million sale of U.S. Bank Tower in downtown Los Angeles, the tallest building in the West, has been completed.

Dow tumbles more than 200 points after Fed meeting

By Andrew Tangel — Wed, 19 Jun 2013 13:18:00 PDT

NEW YORK -- Stocks fell sharply after the Federal Reserve's statement and Chairman Ben Bernanke's news conference Wednesday, with major U.S. indexes losing more than 1%.

Business majors top list of underemployed college grads, report says

By Shan Li — Wed, 19 Jun 2013 13:03:00 PDT

Business majors top the list of college graduates who are most likely to be underemployed in the current economy, a report says.

Stocks fall about 1% as investors digest Fed and Bernanke statements

By Andrew Tangel — Wed, 19 Jun 2013 12:16:00 PDT

NEW YORK -- Investors' early reaction to the Federal Reserve's statement: sell.

Attendance up at beaches with pollution controls, study finds

By Hugo Martin — Wed, 19 Jun 2013 13:09:00 PDT

California's outdoor resources -- its beaches, mountains and deserts -- are key assets in fueling the state's $106-billion tourism industry.

Live blog: Fed Chairman Bernanke's outlook for the economy

From Times staff writers — Wed, 19 Jun 2013 12:45:00 PDT

Federal Reserve Chairman Ben S. Bernanke outlines what he expects for U.S. growth in the coming year as the central bank releases its policy statement. He'll also face TV cameras and reporters during a quarterly news conference.

Study: Misuse of medication led to $213 billion in avoidable costs

By Adolfo Flores — Wed, 19 Jun 2013 09:47:00 PDT

A study found that if patients and doctors used medicines responsibly, the U.S. healthcare system could save $213 billion annually.

Fed holds steady on interest rates and stimulus, sees risks easing

By Jim Puzzanghera — Wed, 19 Jun 2013 11:24:00 PDT

WASHINGTON -- Federal Reserve policymakers said Wednesday that they would continue the central bank’s controversial bond-buying stimulus program and leave short-term interest rates near zero to help boost the economic recovery, which they said was facing fewer downside risks.