Los Angeles Business Journal

Big Purchase

Massachusetts-based arms maker Raytheon Co. has announced it will buy cybersecurity provider Websense Inc. in San Diego from San Francisco private equity firm Vista Equity Partners LLC for $1.9 billion, Reuters reports.

Racing On

“Furious 7” is racing to a record, hitting $1.15 billion worldwide and topping the box office for a third weekend, the Hollywood Reporter reports.

Stocks Up

The Dow Jones industrial average was up 209 points in Monday morning trading to 18,035. The S&P 500 was up 17 points to 2,098. The Nasdaq was up 40 points to 4,971. The LABJ Stock Index was up one point to 230.

SEC Eyes LAUSD

Did L.A. school officials comply with legal restrictions when they used bond funds to pay for the district’s now abandoned $1.3-billion iPads-for-all project? That’s the question the Securities and Exchange Commission is now informally investigating, the Los Angeles Times reports.

Lawsuit Over Layoffs

American Apparel employees are not taking the recent layoffs of nearly 200 lightly as they are now suing the downtown L.A. apparel maker, with the help of ousted founder Dov Charney’s attorney. See the Los Angeles Business Journal’s coverage here.

Push for Drought Relief

Desperate times call for desperate measures, as California lawmakers are now pushing legislation to try to speed up the construction of water storage facilities, the Los Angeles Daily News reports.

Neverending Drama

The Sony Pictures hacking scandal is back in the headlines, as leaked information from the the studio has now been republished by Wikileaks, a move Sony condemns, the Los Angeles Times reports.

Unfair Advantage?

If you wondered why you couldn’t catch your favorite flick at the neighborhood movie house, here’s why: the big theater chains have exclusivity deals with studios that place limits on the number of theaters that can screen some movies, a policy that is now facing scrutiny from the Department of Justice, Deadline reports.

Making a Deal

Congress may be closer to a Pacific Rim trade deal after leaders reached a bipartisan agreement Thursday, helping President Barack Obama reach his foreign policy goals but possibly pitting him against some in his own party, the Los Angeles Times reports.

Bloomberg Outage

Morning traders had a shock on Friday when Bloomberg’s popular trading terminals experienced a worldwide outage, causing a U.K. treasury auction to be postponed, CNBC reports.

Verizon Unbundles

Verizon Communications Inc. will soon offer its customers new TV packages, allowing them to buy only certain groups of channels they want to watch, in a move the company hopes will help it stay ahead of competition from streaming services, the Wall Street Journal reports.

The Force is in Anaheim

Star Wars fans. There’s nobody quite like them, as the city of Anaheim is finding out this weekend with the kickoff of the biennial “Star Wars” Celebration, which is expected to draw 45,000 fans to the area, the New York Times reports.

Stocks Down

The Dow Jones industrial average was down 265 points in Friday morning trading to 17,841. The S&P 500 was down 24 points to 2,081. The Nasdaq was down 76 points to 4,932. The LABJ Stock Index was down two points to 229.

No Easy Sell

More than 200 letters of complaint have already been sent to state regulators over their plans to reduce water usage statewide in order to enforce Gov. Jerry Brown's mandated 25 percent water reductions, the Los Angeles Times reports.

A Browner Beverly Hills

And those statewide water reductions may mean goodbye to Beverly Hills' lush, manicured lawns as even the wealthy are forced to cut back, Yahoo reports.