Los Angeles Business Journal

Bloomberg Outage

Morning traders had a shock on Friday when Bloomberg’s popular trading terminals experienced a worldwide outage, causing a U.K. treasury auction to be postponed, CNBC reports.

Verizon Unbundles

Verizon Communications Inc. will soon offer its customers new TV packages, allowing them to buy only certain groups of channels they want to watch, in a move the company hopes will help it stay ahead of competition from streaming services, the Wall Street Journal reports.

The Force is in Anaheim

Star Wars fans. There’s nobody quite like them, as the city of Anaheim is finding out this weekend with the kickoff of the biennial “Star Wars” Celebration, which is expected to draw 45,000 fans to the area, the New York Times reports.

Stocks Down

The Dow Jones industrial average was down 265 points in Friday morning trading to 17,841. The S&P 500 was down 24 points to 2,081. The Nasdaq was down 76 points to 4,932. The LABJ Stock Index was down two points to 229.

No Easy Sell

More than 200 letters of complaint have already been sent to state regulators over their plans to reduce water usage statewide in order to enforce Gov. Jerry Brown's mandated 25 percent water reductions, the Los Angeles Times reports.

A Browner Beverly Hills

And those statewide water reductions may mean goodbye to Beverly Hills' lush, manicured lawns as even the wealthy are forced to cut back, Yahoo reports.

The Push Back

Allowing Uber and Lyft to pick up passengers from Los Angeles International Airport, as Los Angeles Mayor Eric Garcetti is proposing, is not sitting well with local taxi companies, the Los Angeles Daily News reports.

Protesting for Higher Wage

They marched, chanted and showed up in droves as nearly 1,000 fast-food workers flooded downtown Los Angeles Wednesday as part of a nationwide protest, calling for a $15 minimum wage, the Los Angeles Times reports.

Big Payback?

Filmmaker George Lucas' Marin County neighbors may have been upset when he wanted to expand his Skywalker Ranch studio, but Lucas may be one-upping them with his new plans for one of the biggest affordable housing projects in the Bay Area, KPIX reports.

Was Shelly Just Shaming V.?

After ruling that V. Stiviano, the companion of ex-Clippers owner Donald Sterling, must return $2.6 million in gifts from him, a Los Angeles County Superior Court judge blasted his wife, Shelly Sterling, for the amount of money she spent suing Stiviano, whom the judge said has seen the end of her "15 minutes of fame," the Los Angeles Times reports.

Japan Bumps China

Move over China. Japan is now the biggest foreign owner of U.S. Treasury debt, according to the Treasury Department, the Associated Press reports.

Good News and Bad

Jobless claims nationwide unexpectedly rose last week, but the total number of people actually receiving unemployment benefits is the lowest it's been since December 2000, CNBC reports.

Etsy Goes Public

Etsy, the e-commerce marketplace for vintage and handmade offerings, is set for a $267-million IPO with its stock market debut Thursday, the Los Angeles Times reports.

Stocks Down

The Dow Jones industrial average was down 15 points in Thursday morning trading to 18,095. The S&P 500 was down four points to 2,103. The Nasdaq was down three points to 5,008. The LABJ stock index was flat at 231.

Snuffing Out Underage Smoking

California could become the first state to raise the smoking age as lawmakers are backing proposals that would raise the legal smoking age from 18 to 21 as well as hike cigarette taxes by $2 a pack, the Los Angeles Times reports.