Los Angeles Business Journal

Albertsons, Safeway Merger Approved

Shareholders of the Pleasanton-based Safeway gave their approval to a $9.2 billion sale of their company to Albertsons. The deal must still pass regulatory approval and may lead to further closures of Southern California grocery stores, the Contra Costa Times reported. Safeway owns Vons and Pavilions stores.

Lawmakers Want FCC to Umpire Dodgers Fight

San Fernando Valley Congressman Tony Cardenas is leading a group of lawmakers calling upon the FCC to mediate a deal between Time Warner Cable and other cable companies that have thus far been unable reach an agreement on televising Los Angeles Dodgers games shown on Time Warner’s new SportsNet LA channel, the Los Angeles Times reported.

Zillow Buying Trulia for $3.5 Billion

A newly announced merger between Seattle’s Zillow Inc. and San Francisco’s Trulia will combine the nation’s two largest websites for real estate listings. Zillow will pay $3.5 billion worth of stock to buy its competitor in a deal that is expected to close next year, the Los Angeles Times said.

Dollar Tree to Buy Family Dollar

Discount store chains Dollar Tree and Family Dollar are poised to become a single company. The Chesapeake, Va.-based Dollar Tree will pay some $8.5 billion in cash and stock to buy Charlotte, N.C.’s Family Dollar, according to USA Today.

South Bay Businesses Lobby for Import-Export Bank

South Bay business interests are among those asking Congress to keep the Export-Import Bank alive. The bank, which subsidizes foreign purchases of U.S. goods, is targeted for closure by House conservatives, the Daily Breeze said.

Are Wildlife Laws Worsening Border Crisis?

Republican lawmakers contend that environmental restrictions in place near the U.S.-Mexican border are hampering the abilities of Customs and Border Protection officers to conduct patrols and surveillance operations, The Hill reported.

Sarah Palin Starts Online Channel

Former Alaska governor and Republican vice presidential nominee Sarah Palin, beloved by Tea Party voters and scorned by liberals, now has her own media venture in the form of a subscription online service called The Sarah Palin Channel, Variety said.

Drought Hurts California Marinas

California’s lake and river tourism industry has been hit hard by the ongoing drought, which has led to a swimming ban and boating hazards at Castaic Lake in Los Angeles County, the Wall Street Journal said.

Virgin America Plans IPO

Airline Virgin America Inc. will go public. The company, partly owned by billionaire Richard Branson, has not yet priced shares to be sold in the offering, Bloomberg reported.

Fast Food Workers Intensify Minimum Wage Push

Some 1,200 fast food workers gathered in Illinois for a union-supported gathering in which attendees met to continue their bid for a $15 an hour minimum wage for food service workers, the New York Times reported.

“Lucy” Triumphs in Box Office

A Hollywood Reporter analysis posits that the Luc Besson film “Lucy,” starring Scarlett Johansson, triumphed at the box office over “Hercules” because female movie fans are now proving to be more important to the success of summer films.

South Bay Training Company Had Showing at Comic-Con

Tempest Freerunning Academy, which trains customers in the sport of parkour at schools in Hawthorne and Chatsworth, hosted an obstacle course based on the popular “Assassins Creed” video game franchise at Comic-Con, the Long Beach Press-Telegram reported.

Fist Bumps Healthier Than Handshakes

A cool and casual greeting may be healthier than an old-fashioned handshake. A new study reports that fewer germs are transmitted via a fist bump or high five than a handshake, according to USA Today.

Stocks Down

The Dow Jones industrial average is down 43 points in Monday morning’s trading to 16,918. The S&P 500 is down 6 points to 1,972. The Nasdaq is down 20 points to 4,430.

President Calls for ‘Economic Patriotism’ in L.A. Speech

In an address at Los Angeles Trade Technical College, President Barack Obama called for more job training and also criticized U.S. firms seeking tax breaks by moving overseas. The Los Angeles Daily News and Los Angeles Register have coverage.

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