Viacom Inc. Chairman Sumner Redstone’s faltering health has some questioning the future of CBS Corp. and Viacom since the 91-year-old is the controlling shareholder of both companies, the Los Angeles Times reports.
After spending more than $6 million on three seats in the race for the Los Angeles Unified school board, not much has changed. The teachers union and groups in favor of charter schools each successfully elected challengers while losing incumbents they wanted to re-elect, the Los Angeles Daily News reports.
A downtown Los Angeles construction site turned hazardous late Wednesday after the second floor of a building collapsed, injuring six workers who were pouring concrete there, the Los Angeles Daily News reports.
Some fans got a treat Wednesday night when the Rolling Stones stopped by the Fonda Theatre in Hollywood for a performance to kick off the band’s North American tour, the Los Angeles Daily News reports.
More problems for Lumber Liquidators as its Chief Executive Robert Lynch has suddenly resigned in the wake of dozens of lawsuits that have been filed against the company over the safety of some of its laminate flooring, CNBC reports.
As part of an investigation into the manipulation of currency markets, the Justice Department has announced a $5.7-billion settlement that includes rare criminal charges against five banks, including Citigroup Inc. and JPMorgan Chase and Co., the Los Angeles Times reports.
Now that the city of Carson has spent about $100,000 trying unsuccessfully to woo foreign investors to set up local businesses, the City Council voted Tuesday to cancel the contract of a consultant, the Daily Breeze reports.
Watch out for WiFi as some now claim it’s making people sick, and they don’t even know it, CBS New York reports.
What’s the next big thing, according to Mark Cuban, the billionaire owner of the Dallas Mavericks? Health-care technologies, CNBC reports.
Headed out of town this weekend? Join the club. The AAA is expecting the largest jump in travel over the Memorial Day weekend since 2010, the San Gabriel Valley Tribune reports.
After spending 33 years of late nights on TV, David Letterman bid adieu Wednesday night, going out in his usual cool fashion, Variety reports.
The Dow Jones industrial average was up 14 points in early trading Thursday to 18,299. The S&P 500 was up three points to 2,129. The Nasdaq was up five points to 5,081. The LABJ Stock Index was flat at 234.
In a surprise win, outsider David Ryu defeated Carolyn Ramsay to take Councilman Tom LaBonge's seat, making Ryu the first Korean American to hold a City Council seat in Los Angeles, NBC Los Angeles reports. Ramsay was favored by business groups.
In unofficial election results Tuesday for seats on the Los Angeles Board of Education, challenger Ref Rodriguez defeated incumbent Bennett Kayser while Scott Schmerelson came out ahead of two-term incumbent Tamar Galatzan, the Los Angeles Times reports.
L.A.’s decision Tuesday to raise the minimum wage could have reverberations across Southern California and maybe the country, the New York Times believes.