Los Angeles Business Journal

AEG Rebounds

Los Angeles entertainment giant AEG has seen most of its worldwide operations surge after a rough year that included a corporate shake-up and the Michael Jackson civil trial, the Los Angeles Times reports.

E-Cig Ban Begins in L.A. Bars, Restaurants

E-cigarette users in the city of Los Angeles were relegated to the ranks of tobacco smokers at midnight Friday, when a ban on e-cigarette use at bars, restaurants and other public areas took effect, the Los Angeles Daily News reports.

Airbnb Valued at $10 Billion

A group led by private-equity firm TPG has finalized an agreement to invest more than $450 million in Airbnb Inc., valuing the home-rental site at $10 billion, sources tell the Wall Street Journal.

Fox Consumer Products Expands Into Asia

Twentieth Century Fox Consumer Products is to set up its first branch in the Asia Pacific region, Variety reports.

Student Debt Holds Back Many Would-Be Home Buyers

The amount owed on student loans has tripled in a decade, to nearly $1.1 trillion, keeping a crucial segment of potential home buyers on the sidelines, the Los Angeles Times reports.

American Airlines Can't End Retiree Benefits Yet

A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees, the Associated Press reports.

GM Plays Legal Games With Its Recall Liability

When it comes to its ignition-switch debacle, General Motors wants to play it both ways, Bloomberg BusinessWeek reports.

'Frozen' Dress the Hottest Gown in Town

Toys, dolls, and clothes have always been a big part of strategy at Disney. Even so, Bloomberg BusinessWeek reports, the world’s largest licensing company has hit an unexpected merchandise jackpot with the Snow Queen of Arendelle's ice gown, Bloomberg BusinessWeek reports.

A Blow to Corn-Based Biofuels

A new study indicates that biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, the Associated Press reports.

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.