A Newsweek reporter has tracked down Satoshi Nakamoto, the shadowy figure behind the bitcoin who disappeared into the ether once it took off. The reclusive inventor of the controversial technology apparently is a 64-year old Japanese American engineer who went to college at Cal Poly in Pomona and has been living quietly near Temple City, never tapping an estimated $400 million in bitcoins he owns.
Los Angeles billionaire Elon Musk, chief executive of Hawthorne rocket maker SpaceX, testified before Congress that the U.S. Air Force and other agencies currently are paying too high a price to one of his competitors to launch its most valuable satellites, the Los Angeles Times reports. Musk wants the government to use competitive bidding instead.
Members of the Los Angeles Community Environmental Enforcement Network have installed rooftop devices to monitor air quality in Wilmington near the Phillips 66 refinery, the Long Beach Press-Telegram reports. Members of the coalition hope to expand the program to all Los Angeles-area refineries.
A long-vacant former Metropolitan Water District headquarters on Sunset Boulevard, designed decades ago by famed L.A. architect William Pereira, is being transformed into an upscale 96-unit apartment building known as the Elysian, the Los Angeles Times reports.
A striking new hotel under construction on the Sunset Strip in West Hollywood will be a swanky outpost of the James, an upscale boutique brand in other major urban centers, the Los Angeles Times reports.
SAG-AFTRA has unveiled a personal manager code of ethics and conduct, designed to promote "honest and ethical relationships between the union’s members and the managers they choose to represent them." But the Los Angeles Times reports that the Talent Managers Association has opted not to endorse the document, fearing some of its provisions go too far.
Staples said Thursday it will close 225 stores by the end of 2015 amid falling fourth-quarter revenue as sales increasingly shift online, USA Today reports.
Water levels in the Great Lakes are expected to continue a steady recovery this year, thanks to widespread ice cover that is slowing evaporation and snowfall that has approached record amounts in some cities, the Associated Press reports.
Bank of America Corp. today will start offering a new checking account, capping a four-year effort to boost revenue from its most basic banking product without alienating customers and lawmakers, the Wall Street Journal reports.
A Wall Street Journal analysis identifies more than 1,600 stockbrokers who have bankruptcies or criminal charges in their past that weren't reported and should have been promptly disclosed to investors.
At Beverly Hills' only HUD-subsidized housing complex, the gap between rich and poor is plainly evident, the Los Angeles Times reports.
Stanley Grinstein, a forklift business owner who played an unlikely but pivotal role in L.A.'s art scene as it was evolving in the 1960s and '70s, died Sunday at home at age 86 after a long illness, the Los Angeles Times reports.
What's the difference between a family firm and a regular business? Apparently an empty corner office, according to a new academic study. The global study estimates that family chief executive worked 8 percent fewer hours than managers without genetic ties to their companies, the Wall Street Journal reports.
In Thursday morning trading, the Dow Jones industrial average was up 81 points to 16,441. The Nasdaq rose 8 points to 4,366. The S&P 500 rose 7 points to 1,881.
Culver Studios, a historic independent studio where “Gone with the Wind” and “Citizen Kane” were filmed, is changing hands, sources the Los Angeles Times. Lehman Bros. Holdings reportedly will sell the property to L.A.'s Hackman Capital Partners for $85 million.