Los Angeles Business Journal

Incoming: More Pay Lanes on Freeways

The Los Angeles County Metropolitan Transportation Authority is studying the 405, 10 and 5 freeways, among others, to determine how to convert more free lanes into pay lanes, the San Gabriel Valley Tribune reports.

Whistleblower: BP Overcharged California for Gas

A lawsuit filed by a former employee of energy giant BP alleges the company overcharged government agencies by hundreds of millions of dollars for natural gas over eight years, the Los Angeles Times reports. Los Angeles County and the state of California are both plaintiffs in the suit.

Labor Protesters Arrested Outside Wal-Mart

Authorities arrested 23 labor protesters outside a Wal-Mart in Pico Rivera, the Los Angeles Times reports. The protesters were released after they were cited for unlawful assembly and failure to disperse.

Glendale Named Most Business-Friendly Large City in L.A.

Glendale was named the most business-friendly large city in the county Thursday night by the Los Angeles County Economic Development Corp., while Glendora was deemed the most business-friendly small city, the Los Angeles Business Journal reports.

Feds Spy on Cell Phones From Above

The Department of Justice is sifting through the cell phone data of suspected criminals -- as well as innocent Americans -- by flying over the country with small planes outfitted with devices called “dirtboxes” that mimic cell phone towers, sources told the Wall Street Journal.

Faith-Based Film Compares Itself to ‘Fifty Shades of Grey’

The just-released trailer for a faith-based movie called “Old Fashioned,” about a former frat boy who finds Jesus, attempts to drum up publicity by comparing the film to “Fifty Shades of Grey,” according to the Hollywood Reporter.

Border-Straddling Homes Catch Fire

Two vacant homes on the border between Long Beach and Signal Hill, which have a bizarre history and have never been fully permitted since their construction 10 years ago, caught fire Thursday night, the Long Beach Post reports.

Megan Ellison Backs ‘Foxcatcher’

Producer Megan Ellison, the 28-year-old daughter of Oracle Corp. founder Larry Ellison, is backing the Sony film “Foxcatcher,” the fourth Oscar contender she has supported in the past three years, Bloomberg reports.

Stocks Mixed

The Dow Jones industrial average was down eight points in Friday morning trading to 17,645. The S&P 500 was flat at 2,040. The Nasdaq was up five points to 4,685.

Stocks Rise

The Dow Jones industrial average rose 41 points in Thursday trading to close at 17,653. The S&P 500 rose one point to 2,039. The Nasdaq rose five points to 4,680. The LABJ Stock Index was flat at 213.

Hasbro to Buy DreamWorks?

Toymaker Hasbro Inc. is in early talks to buy Glendale’s DreamWorks Animation, sources told the Wall Street Journal.

Chinese Visa Change is Good for California Tourism

Chinese tourists spent more than $2 billion in California last year and that number is expected to skyrocket, thanks to a decision by the United States to allow Chinese tourists and business people multiple-entry visas valid for up to 10 years, KPBS reports.

L.A. to Audit DWP Nonprofits

A deal between L.A. lawmakers and the Department of Water and Power union gives city officials “unfettered access” to financial records held by two controversial nonprofits affiliated with the utility, the Los Angeles Times reports.

Warren Buffett to Buy Duracell

Warren Buffett’s Berkshire Hathaway agreed to acquire the Duracell battery business from Procter & Gamble in a deal valued at $4.7 billion, the Wall Street Journal reports.

Garcetti Pushes ‘Street Smart’ Program

Mayor Eric Garcetti announced plans Wednesday to increase the miles of streets set to be repaved within the next year, the Daily News reports.