Los Angeles Business Journal

Weighing Tips

Restaurant owners are hoping to turn to tips to help reduce the financial strain on their businesses when it comes to raising the minimum wage. They want tips to count toward calculating the wait staff’s minimum wage, but critics are arguing against it, the Los Angeles Times reports. See the Business Journal’s earlier coverage here.

Ex-Disney Head Launches Studio

Former Walt Disney Co. studio chairman Dick Cook is launching his own entertainment company, Dick Cook Studios, with $150 million from a Chinese investment group, the Los Angeles Times reports.

$675 Million Worth of Gifts

Nothing like hundreds of millions of dollars in gifts to celebrate a birthday. The Los Angeles County Museum of Art’s star-studded 50th-anniversary gala yielded $675 million in donated art over the weekend, the Los Angeles Times reports.

Closer to a Deal

After marathon talks over the weekend, Japanese and U.S. negotiators are steps closer to a Pacific free-trade agreement, the Wall Street Journal reports.

The Clock Ticks

Time is running out for Greece as Eurozone officials meet to talk about a possible rescue deal to help keep that country from defaulting on its debts and being forced to leave the Eurozone, the Guardian reports.

Sitting at the Table

Time Warner Cable and Comcast Corp. executives are expected to meet with officials from the Justice Department Monday to discuss the proposed $45.2 billion merger of the two companies, the Wall Street Journal reports.

Big Purchase

Massachusetts-based arms maker Raytheon Co. has announced it will buy cybersecurity provider Websense Inc. in San Diego from San Francisco private equity firm Vista Equity Partners LLC for $1.9 billion, Reuters reports.

Racing On

“Furious 7” is racing to a record, hitting $1.15 billion worldwide and topping the box office for a third weekend, the Hollywood Reporter reports.

Stocks Up

The Dow Jones industrial average was up 209 points in Monday morning trading to 18,035. The S&P 500 was up 17 points to 2,098. The Nasdaq was up 40 points to 4,971. The LABJ Stock Index was up one point to 230.

SEC Eyes LAUSD

Did L.A. school officials comply with legal restrictions when they used bond funds to pay for the district’s now abandoned $1.3-billion iPads-for-all project? That’s the question the Securities and Exchange Commission is now informally investigating, the Los Angeles Times reports.

Lawsuit Over Layoffs

American Apparel employees are not taking the recent layoffs of nearly 200 lightly as they are now suing the downtown L.A. apparel maker, with the help of ousted founder Dov Charney’s attorney. See the Los Angeles Business Journal’s coverage here.

Push for Drought Relief

Desperate times call for desperate measures, as California lawmakers are now pushing legislation to try to speed up the construction of water storage facilities, the Los Angeles Daily News reports.

Neverending Drama

The Sony Pictures hacking scandal is back in the headlines, as leaked information from the the studio has now been republished by Wikileaks, a move Sony condemns, the Los Angeles Times reports.

Unfair Advantage?

If you wondered why you couldn’t catch your favorite flick at the neighborhood movie house, here’s why: the big theater chains have exclusivity deals with studios that place limits on the number of theaters that can screen some movies, a policy that is now facing scrutiny from the Department of Justice, Deadline reports.

Making a Deal

Congress may be closer to a Pacific Rim trade deal after leaders reached a bipartisan agreement Thursday, helping President Barack Obama reach his foreign policy goals but possibly pitting him against some in his own party, the Los Angeles Times reports.

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