Los Angeles Business Journal

Deals Reshape Novartis, Glaxo

Drug giants Novartis and Glaxo today unveiled a series of transactions worth more than $20 billion that transforms both companies, the Wall Street Journal reports.

Fox Exec Fired Over Aid Emails

A vice president at Fox Cable Networks was fired this month after allegedly using her work email to discuss fundraising with the girlfriend of a passenger who was on the missing Malaysia Airlines Flight 370, the Los Angeles Times reports.

U.S. Gas Prices Rise, Along With Exports

Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries, the Wall Street Journal reports.

American Middle Class No Longer the World’s Richest

After three decades of slow growth, median income in the U.S. trails that of Canada, and poor Americans now make less than the poor in several other countries, the New York Times reports.

Temping Becomes Permanent Way of Life for Many

For Americans who can't find jobs, the booming demand for temp workers has been a path out of unemployment, but CNBC reports that now many fear it's a dead-end route.

Airbnb Fights Subpoena for User Data

Airbnb is in court today over efforts by the New York State Attorney General's office to get details on thousands of people suspected of renting out rooms illegally, CNBC reports. The New York Times looks at the challenges facing regulators of home and auto "sharing" firms like Airbnb, Uber and Lyft.

Burke: NBC Strong in Upfronts

NBCUniversal Chief Executive Steve Burke said today that NBC is going into the May upfront presentations to advertisers in its best position in more than a decade, the Wrap reports.

Climate Change Overshadows Success in Fighting L.A.'s Smog

Local leaders say progress since the first Earth Day in 1970 in cleaning up the skies of Los Angeles is great, but new problems — particularly global climate change — have grown into a daunting challenge, the Los Angeles Daily News reports.

Markets Rise

In Tuesday morning trading, the Dow Jones industrial average was up 94 points to 16,544. The Nasdaq rose 39 points to 4,160. The S&P 500 rose 10 points to 1,882.

Board to Consider Relaxation of Diesel Rules

The state Air Resources Board might give small trucking operations more time to comply with rules to clean up diesel emissions, the Los Angeles Times reports.

Redstone Stays at No. 1 on List of Hollywood's Highest Paid

The Wrap's annual executive compensation survey finds that yet again Sumner Redstone pays himself off the charts.

California’s Farmlands Hit Hard by Drought

Heading into the third year of a prolonged drought, many California farmers forced to make dire choices that could that could leave fallow about 7 percent of the state’s cropland, the New York Times reports.

Many April Blockbusters Not Made in L.A.

Three of the biggest Hollywood movies this month — “Captain America: The Winter Soldier,” “Draft Day,” “Transcendence” — have one thing in common: They don’t look like they were shot in L.A., the Los Angeles Daily News reports.

Amgen Heart Drug Wins Fast-Track Status

The U.S. Food and Drug Administration has granted fast-track designation for ivabradine, a heart drug licensed for sale by Amgen Inc., the San Fernando Valley Business Journal reports.

Fallout Lingers Over San Onofre Shutdown Costs

Objections and legal challenge have been filed against the proposed deal that would stick Southern California utility ratepayers with $3.3 billion in San Onofre nuclear plant costs, Southern California Public Radio reports.