Los Angeles Business Journal

New Rules

Labor leaders, who were in favor of the minimum wage increase, now want an exemption for companies that have union workers, the Los Angeles Times reports.

Gas Tax Hike?

This may be the year California officials hike the gas tax to help pay for repairs to the state’s crumbling bridges and roads, the Daily Breeze reports.

Layoffs at San Diego Union-Tribune

Just five days after Tribune Publishing Co., owner of the Los Angeles Times, completed its purchase of the San Diego Union-Tribune, it announced it will lay off 30 percent of the newspaper's staff, which adds up to 178 employees, the Los Angeles Times reports.

More Turf

With the drought worsening and efforts to remove grass increasing, the Metropolitan Water District agreed Monday to spend $350 million more to help homeowners and businesses replace their turf, the Los Angeles Times reports.

War with China?

A war with China could be "inevitable" if federal officials don't drop their demands over disputed islands in the South China Sea, according to a state-run Chinese newspaper, the Telegraph reports.

IRS Theft

If you thought your personal information with the IRS was safe, think again as more than 100,000 taxpayers have had theirs stolen from an IRS website, the Associated Press reports.

Another Shut Down

Century City private equity firm OpenGate Capital, which was behind Friday’s abrupt shut down of PennySaver USA, also closed a Wisconsin dairy in a similar way, the Los Angeles Times reports.

Extreme Overtime

Has the Los Angeles Department of Transportation's Traffic, Paint and Sign division been billing overtime at twice the average rate citywide? That's what a city audit has found, and it's been costing taxpayers millions of dollars, the Los Angeles Daily News reports.

Big Purchase

A Miracle Mile office tower at 6300 Wilshire Blvd. just sold in a $150 million deal to a joint venture between San Francisco’s Swig Co. and Boston’s Intercontinental Real Estate Corp. See the Los Angeles Business Journal's coverage here.

High Court to Debate Political Districts

Two cases set to go before the Supreme Court may possibly redraw California's state and local voting districts, the Los Angeles Times reports.

Irvine May Buck Minimum Wage Trend

Forget about following the trend, Irvine City Council members are expected to vote Wednesday to repeal its living wage ordinance, the Los Angeles Times reports.

Yacht Eclipses All

The world’s largest "gigayacht," which features nine decks and two helicopter pads and is owned by the president of the United Arab Emirates could be yours for a whopping $770 million, the Daily Mail reports.

Stocks Up

The Dow Jones industrial average was up 92 points in early trading Wednesday to 18,133. The S&P 500 was up 10 points to 2,115. The Nasdaq was up 34 points to 5,067. The LABJ Stock Index was up one point to 233.

Charter to Buy Time Warner Cable

Charter Communications Inc. is poised to become the largest pay-TV provider in Southern California. That is, if it’s successful in its attempt to buy Time Warner Cable in a deal that’s expected to be announced Tuesday, the Los Angeles Times reports. And the deal could allow more viewers to watch Los Angeles Dodgers games.

More Taxes?

Gov. Jerry Brown has held a tight grip on the state's budget, but now some unions and grass-roots organizations are hoping to change that with a series of tax-related proposals, including extending higher taxes, the Los Angeles Times reports.