The Dow Jones industrial fell 49 points early Friday trading to 17,683. The S&P 500 fell 6 points to 2,072. The Nasdaq fell 27 points to 4,818. The LABJ stock index fell one point to 227.
Fortune Magazine is out with its annual issue listing the nation’s 500 largest corporations by revenue – 13 of which call L.A. County home. That’s down one from last year as DirecTV, formerly of El Segundo, was merged into AT&T Corp., which has its headquarters in Dallas, TX.
California has been named the top state for film production for the second year in a row, but the share of movies being shot in the state fell from 21 percent in 2014 to 17 percent last year, the Daily News reports. Nineteen out of 109 movies released by major film companies were produced in California, with the United Kingdom coming in second with 15 projects.
Hollywood Hills asian fusion restaurant Yamashiro is set to reopen today under new operators after shutting down for two days, the Los Angeles Times reports. The Japanese palace-shaped business will now be run by hospitality company BNG, Sugar Factory restaurants and TCL Chinese Theatres.
Media mogul Sumner Redstone sent an email to Viacom’s lead director Frederic V. Solerno stating that he no longer trusts ousted chief executive Philippe P. Dauman or those who support him, The New York Times reports. The letter stated that Redstone felt like his wishes were being ignored and that he was “determined to act in the best interests of the company and all of its shareholders.”
An article by Gawker about Donald Trump’s hair has garnered the media company their latest lawsuit from Hulk Hogan’s lawyer Charles J. Harder, The New York Times reports. In a letter to Gawker on behalf of hair treatment clinic clinic Ivari International, and Edward Ivari, Hogan’s lawyer demanded that the company immediately remove the article and issue a public apology and full retraction.
The Dow Jones industrial fell 130 points early Thursday trading to 17,510. The S&P 500 fell 17 points to 2,054. The Nasdaq fell 43 points to 4,792. The LABJ stock index fell one point to 226.
California has overtaken France as the sixth largest economy in the world as a result of good growth, large technology companies, booming agricultural and manufacturing industries, and a strong U.S. dollar, Bloomberg reports. The state’s gross domestic product of $2.5 trillion grew by 4.1 percent in 2015, compared with a 2.4 percent increase in the U.S.
Russian President Vladimir Putin has given a North Hollywood firm Moschanko Investment Group his support to build a $4 billion theme park in the southwest of Moscow, the Los Angeles Times reports. The 540-acre Magical World of Russia is expected to be built with private investments and construction could begin in 14 months.
The Los Angeles City Council voted to pay out $822,000 to settle a case brought by homeless people who sued the city for seized and destroyed their possessions, the Los Angeles Times reports. Lawmakers also approved to pay more than $125,000 in legal fees in another case from five years ago that involved a skid row protest that ended in activist Pete White’s arrest and was seen as a move for ejecting homeless residents and hastening gentrification.
The revamped Downtown Macy’s Plaza is expected to open this Thursday, Curbed Los Angeles reports. The $160-million open-air mall, now called “The Bloc,” takes up one city block and includes an outdoor courtyard with artificial turf, colorful outdoor furniture and hip, pedestrian friendly restaurants and shops.
The Dow Jones industrial rose 45 points in early Wednesday trading to 17,719. The S&P 500 rose 5 points to 2,081.The Nasdaq rose 10 points to 4,854. The LABJ stock index rose one point to 228.
A week after his brother Tom Calderon copped a plea deal with federal prosecutors, former state senator Ronald Calderon followed suit, pleading guilty to one count of mail fraud and admitting he took tens of thousands of dollars in bribes in exchange for political favors.
The Title Insurance Building in downtown’s Historic Core just traded for at least five times the amount it sold for in 2012.
Sony Corp announced Monday that it will be launching a $399 virtual-reality headset on Oct. 13, The Wall Street Journal reports. Blockbuster game titles such as “Final Fantasy,” “Star Wars,” “Batman Arkhan,” and “Resident Evil” will be playable on the device.