Los Angeles Business Journal

Gov. Brown Names PUC President

Gov. Jerry Brown named his former renewable energy advisor, Michael Picker, as the new president of the California Public Utilities Commission. He will succeed Michael Peevey, whose term, which was plagued by safety lapses and law enforcement investigations, ends Dec. 31, the Los Angeles Times reports.

Controversy Drives Popularity: 7 of 10 Would Rent 'The Interview' on VOD

A survey conducted earlier this week by the market research firm C4 shows that interest in a video-on-demand release of "The Interview" has soared since major theater chains decided against releasing the movie, The Wrap reports. Sony Pictures is expected to announce a VOD release for Christmas Day.

Post-Charney, American Apparel Adopts New Code of Conduct

A week after terminating Chief Executive Dov Charney, American Apparel Inc. said its board has adopted a revised code of conduct and ethics after a review of the company’s corporate governance and policies, the Wall Street Journal reports. Read more about the changes at the downtown L.A. clothing company in the Los Angeles Business Journal.

Coalition Urges Boycott of El Super

A coalition that includes El Super grocery store workers, union leaders and community organizers are calling for a boycott of the Paramount grocery store chain, alleging health code violations, low wages and unsafe conditions, the Long Beach Press Telegram reports.

Christmas Cheer: Stolen Rudolph Remounted in Trailer Park

A 200 pound statue of Rudolph the Red Nosed Reindeer was stolen from the Ranchview neighborhood of Rolling Hills Estates on the Palos Verdes Peninsula and, according to police, remounted on the roof of a home in a Gardena trailer park, the Los Angeles Times reports.

Former President George H.W. Bush Hospitalized

Former President George H.W. Bush, who is now 90, was taken to a Houston hospital Tuesday evening after experiencing shortness of breath, Fox News reports.

Protesters Defy de Blasio

More than 1,000 protesters, some carrying a banner that read "Stop Racist Police Terror," marched through Manhattan's Fifth Avenue shopping district Tuesday evening, despite New York City Mayor Bill de Blasio urging a halt to demonstrations until after the funerals of two policemen who were shot as they sat in a patrol car in Brooklyn on Saturday, the New York Post reports.

‘The Twelve Days of Christmas’ Would Cost You Almost $28k

The cost of all of the gifts mentioned in “The Twelve Days of Christmas” – including, but not limited to, the three French hens, two turtle doves, and a partridge in a pear tree – is $27,673.22 this year, which is only $280 more than last year, and the smallest annual increase since 2002, the New York Times reports.

Stocks Up

The Dow Jones industrial average was up 48 points in Wednesday morning trading to 18,073. The S&P 500 was up five points to 2,085. The Nasdaq was up 19 points to 4,785.

Dow Hits Record High

The Dow Jones industrial average reached a record high early Tuesday, topping 18,000 for the first time, after data showed the American economy posted its strongest growth in more than a decade in the third quarter, the Wall Street Journal reports.

North Korea Loses Internet

Soon after President Barack Obama declared Friday that the United States would launch a “proportional response” to what he deemed an act of “cybervandalism” against Sony Pictures, North Korea suffered one its worst Internet failures in years. Its Internet went entirely black on Monday, the New York Times reports. Today, the country’s Internet is back up and running.

Proposal: App to Help L.A. Taxis Compete With Uber

A proposed order, which will be put to a vote in January by the Board of Taxi Commissioners, would require all taxi drivers in Los Angeles to use an Uber-style mobile app that would allow customers to hail a cab from their phones, the Los Angeles Times reports.

Opec Won’t Cut Ouput Even at $20

Opec will not cut production even if the price of oil falls to $20 a barrel, Ali al-Naimi, the Saudi oil minister, said in an interview with the Middle East Economic Survey, explaining a sharp policy shift away from keeping prices high by limiting output and toward defending market share at all costs, the Financial Times reports.

JPMorgan Hackers Entered Through Neglected Server

This summer’s computer breach at JPMorgan Chase might have been prevented if the bank’s security team hadn’t neglected to upgrade one of its network servers with a two-factor authentication scheme, which requires a second one-time password to gain access to a protected system, sources told the New York Times.

Another Lawsuit for Exide

Exide Technologies officials willfully endangered the health of more than 60 children living near the company's embattled lead recycling plant in Vernon, according to a lawsuit filed Monday in Los Angeles County Superior Court, the Los Angeles Times reports. Lawyers plan to file several similar lawsuits, including at least one on behalf of about 60 adults. Read more about Exide’s legal battles in the Los Angeles Business Journal.

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