Are Insurers Inflating Their Books?
New York State regulators are calling for a nationwide moratorium on transactions that life insurers are using to alter their books by billions of dollars, saying that the deals put policyholders at risk and could lead to another taxpayer bailout, the New York Times reports.
A Look at Rupert Murdoch's 'New' Empire
With News Corp.'s split set for June 28, the Hollywood Reporter breaks down the mogul's big bet on his legacy, son James' bigger role at Fox, and how to read the business tea leaves.
Pimco Sees 60 Percent Chance of Global Recession
High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, says Pimco, manager the world's largest bond fund, CNBC reports.
DirecTV Disses Broadcasters
DirecTV says it's time for Congress to step in and either jettison broadcast regulations altogether or make must-carry/retransmission laws smarter to reflect the marketplace, Broadcast & Cable reports.
Do Many Working Moms Want To Work Less?
Recent headlines miss an important part of the work-life balance story, Time.com reports: plenty of working mothers are earning less than men because they want the sort of jobs and working arrangements which pay less.
Stocks Down This Morning
In Wednesday morning trading, the Dow Jones industrial average was down 21 points to 15,101. The Nasdaq fell 9 points to 3,427. The S&P 500 fell 3 points to 1,623.
Murdock Offers to Buy Rest of Dole
Dole Food Co. received a buyout offer from 90-year-old Chief Executive David Murdock on Tuesday that values the Westlake Village company at just more than $1 billion, Reuters and the Associated Press report.
Hamburger Hamlet Founder Harry Lewis Dies
Harry Lewis, who founded the Hamburger Hamlet chain of restaurants, and later Kate Mantilini, has died at age 93, the Los Angeles Times reports.
Amazon's Fresh Grocery Delivery Service Launches
As first reported in the Business Journal: Amazon on Monday expanded its fresh grocery delivery service to Los Angeles neighborhoods, the Los Angeles Times and Bloomberg News report.
Challenger Disputes AEG Convention Center Plan
SMG, a Pennsylvania company that wants the contract to run the Los Angeles Convention Center, has filed a challenge to the city's plan to hire AEG, arguing that the L.A. company doesn’t meet the search specifications, the Los Angeles Times reports.
Shareholders Approve News Corp. Split
News Corp. shareholders on Tuesday formally approved the planned split of the conglomerate into an entertainment and a publishing company, the Hollywood Reporter says.
Survey: Media and Entertainment Revenue Increasingly Digital
An Ernst & Young survey finds that media and entertainment companies expect that by 2015 a majority of their income will be generated from digital sales, TheWrap.com reports.
Judge to AEG Live Chief: 'Answer the Questions'
The judge presiding over the Michael Jackson wrongful-death suit in Los Angeles County Superior Court on Monday admonished AEG Live Chief Executive Randy Phillips to answer the questions from the Jackson family's attorney, the Los Angeles Times reports.
The Big Business of Big Government
The case of Edward J. Snowden, former Booz Allen Hamilton consultant who leaked to the media existence of U.S. government monitoring operations, also draws attention to another important issue: the vast amount of money private contractors make from selling goods and services to the government, CNBC reports.
Carlos Slim: New Telecom Regulations — No Problem
Multibillionaire Carlos Slim tells CNBC that he does not think the new telecom law in Mexico will hurt the profitability of his America Movil, the dominant wireless provider in Latin America.
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