Some of the most powerful labor organizations in Los Angeles bet that Wendy Greuel would become L.A.’s next mayor – then Eric Garcetti won. But observers tell the Los Angeles Times how organized labor can bounce back.
Initial bids are in for online media's most talked-about sale, Hulu, and sources tell the Los Angeles Times that El Segundo's DirecTV, longtime News Corp. executive Peter Chernin's Chernin Group and Guggenheim Digital Media are among the bidders.
News Corp.'s board on Friday approved the media giant's separation into two publicly traded entities, the Wall Street Journal reports. The Financial Times said directors also adopted a “poison pill” to avoid any challenge to Rupert Murdoch’s near-40 per cent voting control in his family media empire.
California health officials on Thursday announced the likely rates that insurers will charge under the new federal health-care law, and they are lower than expected, the Los Angeles Times reports.
The Ripley's Believe It or Not museum in Hollywood just completed a $3.5-million renovation in an effort to broaden and increase its potential audience this summer, the Los Angeles Times reports.
Port of Long Beach officials said Thursday that Executive Director Christopher Lytle is leaving the nation's second busiest seaport for the top post at the Port of Oakland, the Long Beach Press-Telegram reports.
The Metropolitan Transportation Authority on Thursday approved $80 million for an underground station at Leimert Park Village. Supporters hope it will help revitalize the historic African American business corridor, the Los Angeles Times reports.
Bloomberg BusinessWeek explains how Herbalife Chief Executive Michael Johnson met the most recent charges that the L.A. nutrition company runs a pyramid scheme among its direct distributors.
The U.S. Federal Trade Commission is in the early stages of probing whether Google has been using its leadership in the online display-advertising market to illegally curb competition, according to AdAge.com.
In the latest major shake-up at former Los Angeles Times owner Sam Zell's Equity International real-estate investment firm, three senior executives resigned this week, which the Wall Street Journal says raises new questions about the firm's future.
Procter & Gamble Co.’s A.G. Lafley has rejoined the company as president and chief executive, replacing Robert McDonald, the Wall Street Journal reports.
Even with the housing market slowly recovering, CNBC reports about the continuing trend of "accidental landlords," most of them "underwater" homeowners who felt they couldn't afford to sell their homes when they moved on.
JS Communications will receive a $300,000 breakup fee for agreeing to be the stalking-horse bidder during the auction of L.A. effects shop Rhythm & Hues, TheWrap.com reports.
In Friday morning trading, the Dow Jones industrial average was down 61 points to 15,233. The Nasdaq fell 19 points to 3,440. The S&P 500 fell 9 points to 1,641.
Fed Chairman Ben Bernanke's comments on bond buying sent the Dow Jones index into a 250-point swing as investors feared the beginning of the end for stimulus efforts, the Los Angeles Times reports.