Los Angeles Business Journal

Markets Up

In Monday morning trading, the Dow Jones industrial average was up 26 points to 16,434. The Nasdaq rose 7 points to 4,103. The S&P 500 rose 3 points to 1,868.

L.A. Faces Three More Years of Deficits

Los Angeles faces budget deficits through 2018 even if elected officials keep a lid on spending and secure new concessions from the workforce, the Los Angeles Times reports.

Late Sign-Ups Improve Outlook for Health Law

A surge of eleventh-hour enrollments has improved the outlook for President Barack Obama's health care law, with more people signing up overall and a much-needed spark of interest among young adults, the Associated Press reports.

Refineries Get Blame as Gas Prices Jump

Problems at some of the state's fuel refineries have sent gasoline prices soaring in California, just in time for the kickoff of the busy driving season, the Los Angeles Times reports.

Lions Gate Consolidates Its Movie Marketing

Lions Gate Entertainment and Summit have merged their marketing divisions into one entity, Variety reports, forcing the ouster of longtime Summit marketing exec who oversaw the “Twilight” and “Divergent” campaigns.

Hollywood Begs for Tax Breaks

A battle for filmmaking tax credits has begun in several states — including California, the New York Times reports.

Panel Hears Recommendations From Film Czar

With L.A. Mayor Eric Garcetti seeking to boost local filming, his Office of Motion Picture and Television Production presented its first formal recommendations at a City Hall hearing Thursday, the Los Angeles Daly News reports.

Moving Would Be Costly for Sriracha Maker

With all the trouble in the air in Irwindale, Huy Fong Foods is being peppered with offers of new homes close by and far away. But moving to any of them would be costly, Southern California Public Radio reports.

THR Files Motion to Dismiss Defamation Suit

The Hollywood Reporter and its parent company Prometheus Global Media have filed a motion to dismiss film financier David Bergstein's $150 million lawsuit charging the company with defamation, conspiracy and business interference, the Wrap reports.

Canadian Charged in 'Heartbleed' Attack

Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, Reuters reports.

The Moneyman Behind Sony's New Financing Deal

Lone Star Funds, a Dallas-based firm with no Hollywood experience, has raised $45.5 billion since its founding by billionaire John Grayken in 1995, the Hollywood Reporter says.

Chobani to Expand Beyond Greek Yogurt

Chobani plans to expand beyond its Greek yogurt cups this summer as it faces intensifying competition in the fast growing category, the Associated Press reports.

Back to Basics for Two Wall Street Powerhouses

In the first quarter, Goldman Sachs Group Inc. and Morgan Stanley rode a wave of corporate deal making, helping bolster revenue in their traditional merger-advice and securities-underwriting businesses, the Wall Street Journal reports.

Booming Business in Block Trades Faces New Risk

Wall Street banks are turning to an old-school way to make a profit: using their own money to help investors sell big blocks of stock. But an up-and-down performance in major indexes this spring underscores the risk of the practice, the Wall Street Journal reports.

Markets Closed

The stock markets are closed today for Good Friday.