Los Angeles Business Journal

High Court Rules for Retirement Plans

Good news for your retirement savings as the Supreme Court has ruled unanimously that employers must keep watch over 401(k) plans to guard against high fees that can eat away at retirement savings, the Los Angeles Times reports. The case involved employees at Edison International in Rosemead.

Disneyland's Big Celebration

In anticipation of its 60th anniversary Disney-style, Disneyland is preparing this week to host big crowds for the kickoff of its diamond anniversary, the Los Angeles Times reports.

Congress: Not So Fast on Internet Handover

The Obama administration’s plan to give up control of the Internet to stakeholders worldwide isn't sitting well with Republicans who want to review any handover agreement, Roll Call reports.

Cautious Investors

With confidence in corporate profits fading, investors worldwide are cutting back on American stocks with holdings tumbling to levels not seen since before the crash, CNBC reports.

Stock Forecast

The market is not going anywhere for the next 12 months, according to Goldman Sachs analysts who believe it holds little prospect for gain, CNBC reports.

Opposition Grows

A diverse coalition, which includes politicians but also teachers, senior citizens and Internet freedom groups, is hoping to defeat President Barack Obama's trade deal, Bloomberg reports.

POTUS on Twitter

"Hello, Twitter! It's Barack, really," so says the first tweet from President Barack Obama who is officially on Twitter, LAist reports.

Stocks Down

The Dow Jones industrial average was down 10 points in early trading Tuesday to 18,289. The S&P 500 was down two points to 2,127. The Nasdaq was down one point to 5,078. The LABJ Stock Index was flat at 235.

Not Football, But Soccer

A new soccer stadium is likely headed to town as the Los Angeles Football Club expects to announce today that it plans to build one on the site of the Sports Arena in Exposition Park. It would be the first open-air professional sports venue built here since Dodger Stadium in 1962, the Los Angeles Times reports. It will cost $250 million and include restaurants, a conference center, a soccer museum and a 22,000-seat stadium.

Bottlenecks at Port

Ongoing congestion problems at the ports of Los Angeles and Long Beach have left some cargo containers sitting for up to a month in truck yards and many businesses having to resort to shipping their goods by air or through other ports, the Los Angeles Daily News reports. The West Coast ports contribute nearly $2 billion a day to the nation’s economy, according to a study by the National Retail Federation and the National Association of Manufacturers.

Time-off Mandate Put Aside

Pressured by business groups and Los Angeles Mayor Eric Garcetti, the Los Angeles City Council has agreed to separate a controversial paid time off mandate from the minimum wage hike it plans to consider this week. The time-off mandate may be considered later. See the Los Angeles Business Journal's coverage here.

Clippers Cursed?

It appears the Clippers are a team that just can't get around its "cursed" existence as they lost the deciding Game Seven of the Western Conference semifinals to the Houston Rockets on Sunday, blowing a three-games-to-one lead, the Los Angeles Times reports.

Glendale May Lift Ban on Artificial Turf

Tough times call for tough measures as Glendale is now considering lifting its ban on fake grass, as a way to conserve water, the Los Angeles Times reports.

Fight to Shield Donors

Will the Supreme Court step in to shield major donors? A conservative group in Virginia wants to have its list of major donors blocked from California Attorney General Kamala Harris, saying disclosure to her would violate its donors' privacy, the Los Angeles Times reports. The group sued Harris last year after she threatened to end its tax-exempt status in California if she couldn't see the list.

Los Angeles vs. St. Louis

A debate in St. Louis over what say taxpayers should have regarding how their money is used for a new football stadium could increase the odds that the St. Louis Rams will move to Los Angeles, the Los Angeles Times reports.