Los Angeles Business Journal

Applebee's to Call Glendale Home

Restaurant operator DineEquity Inc. is moving the headquarters of its Applebee’s International Inc. from suburban Kansas City, Mo., to its Glendale corporate home at 450 N. Brand Blvd., the Los Angeles Business Journal reports. Numbers supplied by the company suggest more than 100 jobs would be created or imported in Glendale.

Job Creation Disappointing

The private sector last month added only 173,000 jobs in August, which was way below the 220,000 expected, the Bureau of Labor Statistics said this morning, CNBC reports. Unemployment ticked down, but the labor participation rate – the share of employable adults who actually have a job – is at a 40-some year low. Also, stocks dropped after the report was issued, the Wall Street Journal reports.

Gas-Cutting Bill Sparks Ad War

All those ads in your mailbox and on TV are not in anticipation of an upcoming election but part of a fight over a state bill that would cut gas consumption in half, the Los Angeles Times reports. Oil companies are against the bill, which has already passed the state Senate, but those who support the legislation say the ads are simply scare tactics.

Pico Rivera Wal-Mart to Reopen

The Pico Rivera store that was targeted by unions – then closed by Wal-Mart Stores Inc. five months ago for what the company referred to as plumbing repairs – is about to reopen, the Los Angeles Times reports. Company officials say they will soon begin hiring for that store and four others that were closed nationwide. However, the unions had filed a complaint, accusing the company of closing the store to punish workers who participated in a strike three years ago.

Oil Companies Must Pay Up

California fined 30 oil companies Thursday for not meeting a deadline to report information about water usage in their production of oil and gas, the Los Angeles Times reports. By law, the companies must report such data to the California Department of Conservation. The companies were fined $4,500 and could face more penalties if they do not meet future deadlines.

Lawyers Protest LADWP Settlement

Attorneys are at odds over the proposed deal that would settle the lawsuits over erroneous bills that were sent to some residents because of the Los Angeles Department of Water and Power’s faulty billing system, the Los Angeles Times reports. Some residents’ lawyers want the court to turn the settlement down because they say it has “fatal flaws.” A court will decide whether to grant preliminary approval to the settlement next week.

Biggest Labor Day Travel Weekend?

Record crowds are expected at Los Angeles International Airport this holiday weekend, the Los Angeles Times reports. About 835,500 are expected to fly through LAX this Labor Day weekend, a 7 percent increase over last year's record, and Friday should be the busiest day, according to airport officials.

Ex-Tesla Engineer Faces Federal Charges

Maybe companies can do something about disgruntled employees who post sensitive inside data. A former mechanical engineer for Tesla Motors Inc. is being charged with two counts of what’s called felony computer intrusion after leaking confidential information about Tesla, the Los Angeles Times reports. Prosecutors say Nima Kalbasi, a 28-year-old Canadian citizen, posted confidential information about the company on a public website. He could possibly face six years in federal prison if convicted.

Swimming Pools, Movie Stars

Beverly Hills seems to be synonymous with backyard pools, which is why some residents have been panicking recently over rumors of a moratorium on pools, the Hollywood Reporter reports. However, city officials say the rumor – which was sparked by a recent, temporary pool ban in Laguna Beach – is based on more fiction than fact.

Stocks Down

The Dow Jones industrial average was down 246 points in early trading Friday to 16,129. The S&P 500 was down 26 points to 1,925. The Nasdaq was down 47 points to 4,687. The LABJ Stock Index was down three points to 218.

Obama Supports L.A.’s Olympics Bid

President Barack Obama has announced he is “strongly supportive” of the 2024 Olympics being held in Los Angeles, City News Service reports. However, his support of his hometown of Chicago failed to help that city win the 2016 Olympics. Mayor Eric Garcetti, along with a delegation, visited Switzerland this week to officially present the bid to the International Olympics Committee, which will choose the site in 2017.

Longer-Term Debate Over Short-Term Rentals

It turns out that regulating homesharing is not easy. Los Angeles city officials have proposed allowing people to rent out their primary residences, not second homes, for short stays only, the Los Angeles Times reports.. But the Los Angeles Short Term Rental Alliance, which has been critical of Airbnb, is criticizing the proposal, saying people should be allowed to rent out second homes and other investment property. More hearings on the subject are scheduled for this fall.

Cable Networks Banking on Trump

Just months after NBC ended its relationship with Donald Trump for his remarks about Mexican immigrants, Trump has become ratings gold for cable networks, the Los Angeles Times reports. About 24 million people watched Fox's Republican Primary debate last month, a cable news record. Record viewership is also expected for CNN’s Sept. 16 Republican debate for which advertisers may pay about $150,000 for a 30-second spot.

Sony Pictures Reaches Settlement

Sony Pictures Entertainment has reached a settlement to resolve a proposed class-action lawsuit brought by former employees who said the company did not do enough to protect their personal information, which was exposed in last year's cyberattack, the Los Angeles Times reports. That was the hack, blamed on North Korea, that forced Sony to change release plans for "The Interview," a comedy about a plot to assassinate North Korea’s leader. Sony’s co-chairwoman Amy Pascal also left the studio after the breach revealed embarrassing emails between Sony executives and Hollywood power players. The settlement terms have not yet been disclosed.

Tesla’s Model X Coming This Month

Tesla Motors is planning to deliver its new Model X cars later this month, Owner Elon Musk announced on Twitter Wednesday, the Los Angeles Times reports. A fully loaded Model X, which will fit seven adults, will sell for $132,000. A cheaper Model 3, which is expected to sell for around $35,000, won’t go into production until about two years from now.

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