Los Angeles Business Journal

Better Plan?

A San Francisco consumer group says it no longer supports an agreement to divide the cost of shutting shut down the San Onofre nuclear plant, the Los Angeles Times reports. The group wants a better deal for ratepayers, who are to pay 70 percent of the costs.

Brush Fire in Santa Clarita

About 1,000 people had to be evacuated Wednesday after a fire burned 350 acres in Santa Clarita, the Los Angeles Times reports.

Allergan to Remain Loyal to Irvine

After Irvine’s Allergan was acquired in March by Dublin’s Actavis, a pharmaceutical company, Allergan’s Chief Executive Brent Saunders stressed the company will remain committed to Irvine, the Los Angeles Times reports.

High Court Rulings Coming

The Supreme Court has six major decisions ahead of it, including power plant emissions, same-sex marriage and the affordable care act. The court is scheduled to start issuing those decisions on Thursday, the Wall Street Journal reports.

June Box Office Could Break Records

Will June end up being the biggest month ever at the box office? Researchers say this month could top the previous record of $1.4 billion set in July 2011 especially if films, including "Ted 2," "Inside Out" and "Jurassic World" deliver, the Los Angeles Times reports.

A Pretty Penny for Beachfront Property

Talk about a hot property. A listing in Manhattan Beach is expected to set a record with an asking price of $28.9 million for the Craftsman-style home on the Strand, the Los Angeles Times reports.

Stocks Up

The Dow Jones industrial average was up 30 points in early trading Thursday to 17,996. The S&P 500 was up three points to 2,112. The Nasdaq was up 10 points to 5,133. The LABJ Stock Index was up one point to 236.

Another Hotel Coming to Beverly Hills

The Chinese firm that owns the former department store on Wilshire Boulevard next to the Beverly Hilton Hotel and the Waldorf Astoria that’s under construction has announced it plans to build a luxury hotel at the site, the Los Angeles Times reports. It will make room by reducing the number of condo units.

Possible Minimum Wage Exemptions

As if all the minimum wage requirements aren’t complicated enough, city lawmakers are now supporting a plan to exempt non-profits that hire disadvantaged workers from having to pay the new minimum wage, the Los Angeles Daily News reports. The exemption will require City Council approval.

Water Battle

The tug of war over California’s water system is most pronounced in the Sacramento-San Joaquin Delta, as farmers, environmental groups and Southern California are at odds over how the water supply should be distributed, the New York Times reports.

Big Buy

Major changes are in store at Torrance’s Del Amo Financial Center as it just sold for $62.4 million, and the new owners are promising to make big improvements at the site, the Los Angeles Times reports.

Good News and Bad for Teachers

A new $7.8-billion budget approved Tuesday by the Los Angeles Board of Education includes the first pay raises in almost 10 years but also pink slips for hundreds of staff members, the Los Angeles Times reports.

Uber’s Gutsy Move into China

You thought regulators were tough here. Ride-sharing Uber, trying to penetrate China, has to contend with police crackdowns and government raids there. And then there are protests from local cab drivers and competition from Chinese ride-sharing apps, the Los Angeles Times reports.

New CEO at Boeing

There will be a different pilot in the driver’s seat at Boeing Co. as the company has announced its current chief operating officer, Dennis Muilenburg, will become the chief executive on July 1, the Los Angeles Times reports.

Trade Bill on Target?

After facing roadblocks by members of his own party, President Obama’s 12-nation Pacific Rim agreement may win a key victory in the Senate Wednesday, the Los Angeles Times reports.