Los Angeles Business Journal

Stocks Down

The Dow Jones industrial average was down 55 points in Monday trading to 16,489. The S&P 500 was down 12 points to 1,894. The Nasdaq was down 41 points to 4,235.

Stocks Fall

The Dow Jones industrial average fell 115 points in Friday trading to close 16,544. The S&P 500 fell 22 points to 1,906. The Nasdaq fell 102 to 4,276. The LABJ Stock Index fell one point to 196.

Hackers Release a Database of Snapchat Photos, Including Nudes

A giant database of intercepted Snapchat photos and videos has been released by hackers onto the chat forum 4chan, thanks to a third-party app used to catalog at least 100,000 snaps that would otherwise be deleted, Business Insider reports. Users of 4chan have downloaded the files and are creating a searchable database that will allow people to search the stolen images by Snapchat username.

Iger: Shanghai Park Will Fare Better Than Disneyland Paris

Walt Disney Co.’s is opening a theme park in Shanghai in 2015, but Chairman and Chief Executive Officer Robert Iger said it won’t face the same troubles that have plagued Disneyland Paris, Bloomberg reports. The Shanghai park won’t have the debt overhang that hurt the Paris park, and will profit from a larger local population base and stronger economy, Iger said Thursday in an interview on Bloomberg Television.

Controversy Over Obama’s San Gabriel Mountains Announcement

President Obama is expected to announce the designation of the San Gabriel Mountains as the nation’s newest national monument today, but there are lots of unanswered questions about what the designation will change, whether it will bring in more funding and other issues, the Press-Telegram reports.

Garcetti: L.A. “Highly Likely” to Draw NFL Team

On an "Ask the Mayor" segment on KNX-AM (1070), Garcetti said that though Los Angeles doesn't want to subsidize a stadium, he thinks the NFL is "finally interested" in Los Angeles again, the Los Angeles Times reports.

Motives Questioned at Cash Clinics for Undocumented Immigrants

Dr. Mark Ghaly, deputy director for community health with the Los Angeles County Department of Health Services, has nicknamed them bodega clinics: storefronts across Los Angeles County that advertise discounted health exams, stay open during hours that are convenient to day laborers, and serve predominantly latino patients who pay in cash. Ghaly said the clinics appear to serve a clear purpose, which is to provide health care to the undocumented immigrants who have no other options, but there are some who question their practices, claiming they place money-making over patient welfare, the Daily News reports.

PUC Chief to Step Down

With critics calling for his resignation, Michael Peevey, the president of the California Public Utilities Commission, announced Thursday that he would not seek reappointment when his term expires at the end of the year, the Sacramento Bee reports. Peevey has been under fire over apparently cozy relationship with Pacific Gas and Electric Co., evidenced by recently-revealed emails between Peevey and company executives, in addition to the fatal explosion in 2010 of a natural gas pipeline in San Bruno that has been blamed in part on PUC negligence.

Los Angeles Times Endorses Kuehl for Supervisor

The Los Angeles Times editorial board has endorsed Sheila Kuehl for the Board of Supervisors' 3rd District seat, after recommending John Duran the first time around. The Business Journal endorsed Kuehl’s opponent, Bobby Shriver.

Proposal: Take Too Long to Build Your House, Pay a Fine

Renovations at a Sea Ridge Circle house, which have been ongoing since 2009, prompted Rancho Palos Verdes city officials to draft an ordinance that would penalize residential construction projects that take longer than four years to finish and generate written complaints, the Daily Breeze reports.

Under Armour Settles with Pacoima Shoe Company

The Baltimore athletic apparel giant settled a suit brought against it by Pacoima’s Gravity Defyer Corp., which said Under Armour’s use of the mark “G Defy” on some of its shoes confused consumers, Bloomberg reports. Settlement terms were not disclosed.

Stocks Down

The Dow Jones industrial average was down 18 points in Friday morning trading to 16,641. The S&P 500 was down 10 points to 1,918. The Nasdaq was down 61 points to 4,317.

How to Avoid Obama Motorcade Traffic

President Obama will visit a Santa Monica town hall session today, and then head to Gwyneth Paltrow's home for a fundraiser, affecting streets in Santa Monica, Brentwood, Westwood and Beverly Hills, the Los Angeles Times says. Streets to avoid include Santa Monica Boulevard between 26th Street and Ocean Avenue, from 3:30 p.m. to 5 p.m.

Officials Target One of L.A.’s Daily Problems: Finding a Parking Space

City Council members on Wednesday asked transportation officials to simplify and streamline the multiple parking signs that confuse Los Angeles residents on a daily basis and lead to tickets, the Los Angeles Times reports. The council also asked for a ban on the sale of public parking spaces, aimed at mobile apps like MonkeyParking, which allows users to auction off unused meter time.

NFL in Los Angeles? Some Say Soon

Some National Football league owners, meeting in New York, say they believe Los Angeles will get an NFL team or two in the near future, the Los Angeles Times reports. Not all owners are optimistic, but the league has been saying for years that it views Los Angeles as a two-team market and is interested in a new stadium that is two-team compliant.