As they prepare to face the city of Los Angeles in court today, executives at the weed and booze delivery company Nestdrop have stopped helping medical marijuana dispensaries deliver products, the Los Angeles Times reports. Read more about the case against Nestdrop in the Los Angeles Business Journal.
After a rough year for Mattel Inc., Chief Executive Bryan Stockton is trying to overhaul the company’s conference room culture and shift the focus to toys, the Wall Street Journal reports. Under his new rules, no more than 10 people should participate in any meeting unless it is for training purposes and there should be no more than three meetings to make any one decision. Read more about the challenges at Mattel in the Los Angeles Business Journal.
U.S. Congressman Brad Sherman wrote an open letter to Sony Pictures Chief Executive and co-chairman Michael Lynton, offering to screen “The Interview” at the U.S. Capitol Building, according to the Hollywood Reporter.
The Dow Jones industrial average was up 84 points in Tuesday morning trading to 18,044. The S&P 500 was up five points to 2,083. The Nasdaq was down 10 points to 4,771.
As the White House weighs the appropriate response to the hacking attack on Sony Pictures, officials from North Korea's National Defense Commission, which is headed by the country's leader Kim Jong Un, said its military was ready to fight America “in all war spaces including cyber warfare space” if the United States seeks vengeance for the hacking, NPR reports.
Due to the final stages of a carpool lane construction project at the 5/170 interchange, a section of the northbound 5 Freeway will be closed north of the Burbank Airport late tonight, Caltrans officials warned. The closure will also affect the northbound 170 Freeway at its northern end, the Daily News reports.
Despite earlier optimism that the National Football League would put a team or two in Los Angeles in 2015, NFL Commissioner Roger Goodell has informed the three eligible teams that there will be no L.A. team in 2015, according to league sources, who say the chances of any team filing a relocation application when the window opens on Jan. 1 are slim to none, NFL.com reports.
A plan to permanently close the southbound Barham Boulevard exit of the Hollywood Freeway in the coming year to make way for a $1.6 billion expansion of Universal Studios has enraged residents who say it will cut off their community, the Los Angeles Times reports.
Roughly 6.7 million Southland drivers will hit the road for the holidays, a 3.4 percent increase from last year. It is part of a nationwide holiday travel surge not seen since at least 2001, the Los Angeles Times reports.
The U.K. Broadcaster ITV topped off a year of acquisitions by investing in Venice’s Zealot Networks, a digital media startup founded by Danny Zappin, who was chief executive of Maker Studios before he was ousted prior to the company’s acquisition by Disney in March, according to the Hollywood Reporter. Financial terms of the investment were not disclosed.
Angered by hacking accusations, North Korea is refusing to take part in a groundbreaking U.N. Security Council meeting today where the country's bleak human rights situation will be discussed for the first time, the Associated Press reports.
Ticket sales at North American theaters this year will total about $10.5 billion, a 4 percent decline from last year, with attendance dropping by about the same percentage, according to projections by the box-office data firm Rentrak, the New York Times reports. Hollywood studios and theater owners attributed the low numbers to delayed blockbusters and expressed optimism about the expected box-office hits of 2015: “Star Wars: Episode VII — The Force Awakens,” “Fifty Shades of Grey,” the James Bond film “Spectre” and Pixar’s “Inside Out” among them.
Peter Jackson’s franchise finale “The Hobbit: The Battle of the Five Armies” took the top slot at the weekend box office, taking in $56.2 million, while Twentieth Century Fox’s “Night at the Museum: Secret of the Tomb” trailed far behind with $17.3 million, Variety reports.
The Dow Jones industrial average was up 67 points in Monday morning trading to 17,872. The S&P 500 was flat at 2,070. The Nasdaq was up two points to 4,767.
Authorities confirmed on Thursday that the cause of the massive fire that consumed an under-construction downtown Los Angeles luxury building was arson, Reuters reports.