Los Angeles Business Journal

Voting Registration Deadline Draws Near

The U.S. Consumer Price Index made its highest increase in more than three years, CNBC reports. The 0.4 percent rise could give the Federal Reserve the opportunity to raise interest rates later this year.

Stocks Fall

The Dow Jones industrial fell 39 points early Tuesday trading to 17,625. The S&P 500 fell 4 points to 2,058. The Nasdaq fell 5 points to 4,370. The LABJ stock index rose stayed flat at 229.

Breitburn Files for Chapter 11

Breitburn Energy Partners said it had filed for Chapter 11 bankruptcy protection this, Reuters reports. The oil and gas master limited partnership has been hit hard by low commodity prices.

Buffett Backs Yahoo Bid

Warren Buffet’s Berkshire Hathaway Inc. will be backing Dan Gilbert, chairman of Quicken Loans, to finance a bid to acquire Yahoo Inc., The New York Times reports. The news comes as Berkshire announced Monday it had a $1 billion stake in Apple Inc.

White Collar Workers May Make More

A final ruling is expected soon from the Department of Labor that would require white-collar workers eligible for overtime, Marketplace reports. Workers who make at least $23,660 a year don’t receive overtime, but the new rule would make almost 5 million eligible. 

Late TV Exec’s Palisades Home Lists for $42M

The Pacific Palisades Home of the late Michael King recently went on the market for $42 million, a staggering increase from the $11 million the television mogul bought it for in 2002, The Wall Street Journal reports. The home is 15,600 square feet and has seven bedrooms and several outdoor entertaining spaces.

‘Captain America’ BO Continues to Soar

Walt Disney Co.’s “Captain America: Civil War” won the weekend with $72.6 million in domestic box office as its “Jungle Book” crossed the $800 million mark globally, The Hollywood Reporter reports. Finishing second over the weekend was “Money Monster,” which surpassed expectations with earnings of $15 million.

Stocks Rise

The Dow Jones industrial average was up 80 points in early Monday trading to 17,615. The S&P 500 rose 8 points at 2,055. The Nasdaq rose 21 points to 4,739. The LABJ stock index stayed flat at 228. 

Stocks On The Rise

The Dow Jones industrial average was up 80 points in early Monday trading to 17,615. The S&P 500 rose 8 points at 2,055. The Nasdaq rose 21 points to 4,739. The LABJ stock index stayed flat at 228. 

Sony Hack Redux?

The $81 million ferreted out of a Bangladesh bank earlier this year appears to have been stolen using the same malicious software that was used to break in Sony Pictures Entertainment in 2014, Reuters reports. Research by security firm BAE suggested the same malware was used in an attack on a Vietnamese banks well.

Gundlach Eyes Fed Fight on Rates

DoubleLine Chief Executive Jeffrey Gundlach said yesterday that the Federal Reserve would face internal pressure to raise interest rates from “hawkish” members this year, Reuters reports.

Legendary Entertainment Sold Again

Legendary Entertainment, purchased by Dailan Wanda for $3.5 billion in January, already has a new owner, Variety reports. Dailan Wanda, a property development business, sold its Wanda Media Group to a separately traded business, Wanda Cinema Line. The deal, which includes other media assets, was valued at more than $5.7 billion.

Need to Be on Time? Train Better Than a Bus

An analysis of Metro data by KPCC shows, perhaps unsurprisingly, that buses in Los Angeles have a hard time staying on schedule. The good news for rail riders is that Metro has been able to keep the trains on time.

SpaceX Rockets Ahead of Boeing

Space Exploration Technologies (SpaceX) took the lead in the race to become the first private firm to put a person in space. CNN Money reports that Boeing Co. pushed its planned mission back to 2018, leaving Elon Musk’s Hawthorne-based business alone with launch plans for next year.

Stocks mixed

The Dow Jones industrial average fell 33 points in early Friday trading to 17,687. The S&P 500 fell 2 points to 2,062. The Nasdaq rose 3 points to 4,740. The LABJ stock index stayed flat at 230.