The Dow Jones industrial average was down 51 points in Friday morning's trading to 16,663. The S&P 500 was down 9 points to 1,946. The Nasdaq was down 10 points at 4,443.
The November ballot will include a $7.5 billion water bond measure that would finance new water storage, water recycling and groundwater cleanup, the Associated Press said.
American Apparel’s leadership changes continued with the appointment of Google and You Tube executive Laura Lee. Lee will be the company’s second female board member as the clothing manufacturer tries to distance itself from sexual harassment allegations surrounding former chief Dov Charney, Fortune reported.
California officials have yet to acquire much of the real estate needed to build a 29-mile stretch of the California High Speed Rail project that passes through Fresno, slowing the construction of the $68-billion endeavor, the Los Angeles Times said.
The historic Hotel Constance in downtown Pasadena is getting a $60 million renovation after functioning as a senior housing complex for decades, according to the Los Angeles Times.
Los Angeles investment firm CGI Strategies has purchased the historic Villa Carlotta apartment building in Hollywood for $12.5 million, according to the Los Angeles Times.
A federal trial involving a bank account maintained by a Hamas spokesman at Arab Bank’s branch in Beirut is arousing worries within the financial community that doing business in troubled parts of the world may be too risky, depending on whether the bank in this case is found to be liable for any wrongdoing, the New York Times said.
A few investors, including mutual funds, are buying bonds backed by mortgages on the brink of foreclosure in an attempt to win short-term returns that may materialize if foreclosures go smoothly, the New York Times said.
Transportation Security Administration officials at Los Angeles International airport have dozens of lost tablets, phones and laptops among the thousands of items left behind at security checkpoints that official want to return to their owners, the Daily Breeze reports.
The sole Post Office in El Segundo is set to reopen Monday after flooding caused a six-month closure, the Daily Breeze said.
Southern California’s real estate market cooled off in July as sales fell 12.4 percent, the Los Angeles Times reported.
The third film in the “Expendables” action franchise was thought to be a contender for the weekend’s top spot, but an online leak of the film may hinder its earnings, The Wrap said.
A new comprehensive study indicates that consuming too little sodium can pose health risks, challenging widely-held views on what constitutes a healthful level of salt intake, the Wall Street Journal reported.
The Dow Jones industrial average was up 31 points in early Thursday trading to 16,683. The S&P 500 was up 5 points to 1,952. The Nasdaq was up 11 points to 4,445.
The City Council is scheduled to consider a plan today from Councilman Paul Koretz that would result in the city attempting to unravel interest rate swaps including pre-recession loan agreements that resulted in the city paying above-market interest rates on debt, according to the Los Angeles Times.