Los Angeles Business Journal

BlackRock Earnings Climb

BlackRock Inc. said its first-quarter earnings jumped 20 percent as revenue jumped and investors poured money into its mutual funds, the Wall Street Journal reports.

Health Industry Wants Price Transparency

About two dozen health industry stakeholders, including lobbying groups for hospitals and health insurers, issued recommendations Wednesday on how to provide patients more information about the cost of health-care services, the Washington Post reports.

Retailer Puts a Lid on New Stores, Expands E-Commerce

Home Depot Inc. which has long excelled at the traditional retail model of growing by adding new locations, is making a hard turn toward the Internet in the face of changing shopper habits, the Wall Street Journal reports.

Price Hikes Could Make Chocolate ‘Like Champagne’

As cocoa prices surge to near-record highs on demand for emerging markets, chocoholics brace for a hike in price – and maybe even a different taste – as chocolate makers hunt out cheaper ingredients, CNBC reports.

L.A. Gas Prices Soar

Local gas prices have risen dramatically in recent days, and one industry expert believes they'll remain above $4 a gallon until September, the Los Angeles Daily News reports.

Union Concerned by Plans to Resume 'Midnight Rider'

The union representing Hollywood crew members has expressed dismay over plans to resume production of “Midnight Rider” in Los Angeles after a train accident in Georgia killed an assistant, the Los Angeles Times reports.

Publicist Leslie Sloane Exits BWR

Top Hollywood publicist Leslie Sloane, whose clients have included Katie Holmes, Blake Lively and Melissa McCarthy, has come to a mutual decision with BWR to part ways, the Wrap reports.

Markets Mixed

In Thursday morning trading, the Dow Jones industrial average fell 7 points to 16,418. The Nasdaq was up 11 points to 4,097. The S&P 500 rose 2 points to 1,865.

CBS' $67 Million Man

CBS Corp. Chief Executive Leslie Moonves' $66.9 million compensation in 2013 will make him the best-paid CEO in American media and put him among the world's highest-paid executives in any industry, the Hollywood Reporter says.

'Midnight Rider' Moves to L.A.

Production on the film "Midnight Rider" could resume in June and be relocated from Georgia to Los Angeles, the Hollywood Reporter says. Filming on the Gregg Allman biopic was suspended in February when camera assistant Sarah Jones was killed while shooting on a train track.

BofA Swings to Loss

Bank of America said it swung to a first-quarter loss as results were hurt by $6 billion in legal charges and slumping mortgage originations, the Wall Street Journal reports.

Southland Home Prices Surge, Sales Plummet

The median price of a house reaches $400,000 in the Southland. But would-be buyers of low- and mid-priced properties are increasingly priced out amid tight lending standards and stagnant paychecks, the Los Angeles Times reports.

Market Forces Haircut on IPOs

With seven out of the 10 IPOs that priced last week now trading below their IPO price, CNBC reports that every single IPO deal so far this week has priced below the expected range. Moelis & Co.'s shares opened higher in their trading debut this morning, but only after an initial public offering that priced below the New York investment bank's expectations, the Wall Street Journal reports.

Industry Shows Vigor, But Housing a Drag on Economy

U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum. But Reuters also reports that groundbreaking for new homes still remains well below its post-recession peak in November.

Mt. Gox Gives Up on Rehabilitation Bid

The defunct bitcoin exchange has given up its plan to rebuild under bankruptcy protection and said it has agreed with a Tokyo court on the first step toward liquidation, the Wall Street Journal reports.