Los Angeles Business Journal

Delta Bets on L.A.

Delta Air Lines is making an attempt to woo Angelenos. According to the Los Angeles Times, the air carrier unveiled its first L.A.-specific television commercial and is also offering free early boarding privileges to any passenger at LAX wearing Los Angeles Kings gear.

Stocks Mixed

The Dow Jones industrial average rose 12 points in early Monday trading to 17,909. The S&P 500 fell slightly to 2,080. The Nasdaq fell 7 points to 4,931. The LABJ Stock Index rose 2 points to 230.

Mayor Talks Up Economic Recovery

Mayor Eric Garcetti sought to draw attention to Los Angeles’ march toward economic recovery during his annual State of the City speech Thursday. While celebrating falling unemployment, he also acknowledged that many Angelenos have missed out on the city’s rebounding jobs and real estate market, reported the Los Angeles Times.

Kobe Breaks Merchandising Record

Kobe Bryant not only put up big numbers in points and TV ratings in his final NBA game Wednesday night -- he also helped the Staples Center and the Los Angeles Lakers break industry merchandise records. On Wednesday alone, stores at Staples Center sold $1.2 million worth of Kobe merchandise, reported ESPN. That's a single-day sales record for any arena in the world.

Fred Hayman Dies Aged 90

Fred Hayman, the stylish entrepreneur whose vision transformed a nondescript Southern California street into one of the world's pre-eminent fashion districts, earning him the nickname, "Godfather of Rodeo Drive," has died at age 90, reports the AP. Hayman opened the shopping street’s first luxury boutique, Giorgio Beverly Hills, in 1964.

Redstone Won’t Take The Stand

Ailing mogul Sumner Redstone will not be called to give evidence at a forthcoming trial to determine his mental competence. Both sides agreed to try and not compel the CBS and Viacom controlling shareholder to testify, reported the Los Angeles Times.

Teacher Tenure Ruling Reversed

In a major victory for unions, a California appeals court on Thursday reversed a lower court ruling that had thrown out tenure and other job protections for the state's public school teachers, reported the Los Angeles Times. The case was being closely watched across the country by those who argue that allowing administrators to more easily fire bad teachers would improve schools and student performance.

Texting In Movies To Be Allowed?

AMC Theaters may soon allow texting in a bid to appeal to millennials, reported KTLA. “You can’t tell a 22-year-old to turn off their cellphone. That’s not how they live their life,” said AMC chief Adam Aron.

Stocks Mixed

The Dow Jones industrial average rose 6 points in early Friday trading to 17,932. The S&P 500 fell 1 point to 2,081. The Nasdaq fell 10 points to 4,936. The LABJ Stock Index fell slightly to 228.

Stocks Mixed

The Dow Jones industrial average rose 6 points in early Friday trading to 17,932. The S&P 500 fell 1 point to 2,081. The Nasdaq fell 10 points to 4,936. The LABJ Stock Index fell slightly to 228.

Kobe Bryant Signs Off With 60 Points in Lakers Win

Kobe Bryant closed out his 20-year NBA career in signature style on Wednesday night, ESPN reported. The Lakers star scored 60 points in a thrilling 101-96 comeback victory over the Utah Jazz.

City Leaders Want to Revamp Neighborhood Plans

Mayor Eric Garcetti and several council members will urge the Planning Department to revamp nearly three dozen community plans across Los Angeles by 2026, the L.A. Times reported. The politicians are hoping a new set of plans will help stave off battles over the size of new developments.

Journalist Sentenced to Two Years in Prison Over L.A. Times Hack

A federal judge sentenced former Reuters journalist Matthew Keys to two years in prison on Wednesday after he was convicted of conspiring to hack into the L.A. Times website to change a story, according to the Chicago Tribune. Keys, a former Tribune Co. employee, was fired by one of the company’s broadcast affiliates in 2010, two months before the hack. The L.A. Times is owned by Tribune.

Katy Perry Scores Victory in Legal Fight Over Los Feliz Convent

A Los Angeles judge handed pop singer Katy Perry a victory on Wednesday in her effort to buy a Los Feliz nuns’ convent for $14.5 million, according to the L.A. Times. The court blocked the nuns’ effort to sell the convent to local restaurateur Dana Hollister, who owns Silver Lake’s Cliff’s Edge and Villains Tavern in downtown Los Angeles.

Rams Trade for No. 1 Pick in NFL Draft

The Los Angeles Rams made a blockbuster trade with the Tennessee Titans Thursday morning to acquire the top pick in the NFL draft later this month, according to the L.A. Times. The Titans will receive the Rams’ No. 15 pick in this year’s draft, plus two second-round picks, a third-round pick, and their first- and third-round picks next year.