Los Angeles Business Journal

Rams Not Returning – Yet

The NFL is not preparing to announce that the St. Louis Rams are moving back to Los Angeles despite reports to the contrary, the Daily Breeze reports.

Paper Deal Done

The deal made by Tribune Publishing, the owner of the Los Angeles Times, to buy U-T San Diego for $85 million is now complete, the Los Angeles Times reports.

New Condos Downtown?

A luxury condo high-rise may be headed downtown as a Chinese developer has unveiled plans for a $100-million luxury high-rise residential tower to be built near Staples Center, the Los Angeles Times reports.

Casino in Hot Water

Gardena's Normandie Casino is the subject of a federal grand jury probe after the business allegedly allowed some players to avoid reporting their transactions and possibly launder money, Yahoo News reports.

More Moving In

Things are continuing to look up for California’s economy, and more people are moving here as a result with Los Angeles ranking No. 2 to New York in largest population growth between 2010 and July 1, 2014, according to the Census Bureau, the Los Angeles Daily News reports.

No Tuition Hike for Now

After student protests and appeals, the University of California’s Board of Regents has voted unanimously to not raise in-state tuition for the next two years, the Los Angeles Daily News reports.

Trade Bill a Go?

After a showdown vote, the Senate has advanced a measure giving President Barack Obama fast-track authority to complete the pending 12-nation Trans-Pacific Partnership, the Associated Press reports.

Weakening Dodd-Frank

In an effort to fulfill a GOP promise, Senate Republicans are now taking strides to roll back some of the financial regulations imposed by the Democratic-sponsored Dodd-Frank law, the Los Angeles Times reports.

Power Plant to Be Replaced

A 1950s natural gas power plant in northern San Diego County will be replaced with a new version now that the California Public Utilities Commission has voted to allow the San Diego Gas and Electric Co. to buy power from the proposed Carlsbad Energy Center, the Los Angeles Times reports.

‘Entourage’ House on the Market

Did you always admire that Santa Monica mansion from “Entourage?” Now is your chance to own it – if you’re willing to fork over $28.5 million, the Los Angeles Times reports.

Dow Making History?

If the current trend continues until the end of the quarter, it will mark the narrowest first-half trading range for the Dow Jones industrial average ever, CNBC reports.

Water Thieves

Is the drought coming to this? Oakland police say thieves stole a 500-gallon water tanker from a landscaping site in the Oakland hills, the San Jose Mercury News reports. Did they want the tanker or the water inside?

Stocks Mixed

The Dow Jones industrial average was down 20 points in early trading Friday to 18,267. The S&P 500 was down one point to 2,130. The Nasdaq was up eight points to 5,099. The LABJ Stock Index was flat at 235.

Feds Investigate Oil Spill

The Santa Barbara oil spill is adding up to trouble for the Texas owner of the pipe that ruptured as federal investigators have launched an investigation, the Los Angeles Daily News reports.

The Next Minimum Wage Debate

Now that the minimum wage is officially going up to $15 an hour, a provision in the hike which ties future increases to inflation isn’t sitting well with local business owners, the Los Angeles Times reports.

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