Los Angeles Business Journal

Evictions From Rent-Controlled Units on the Rise

An increasing number of rent-controlled units are being converted to condos or simply flattened, leaving a dwindling supply and fewer affordable options for residents, the Los Angeles Times reports. Check out the Business Journal's coverage of a state bill aimed at limiting evictions under the Ellis Act.

A Silver Lining in Stock Sell-Off?

Odd as it sounds, some investment pros say all that air coming out of bubble-like tech momentum stocks might actually be a healthy development, USA Today reports.

'The Highway' Shakes Up Country Star System

Despite an audience that is minuscule compared with FM radio stations in big markets, Sirius XM Radio Inc.'s contemporary country channel increasingly wields a disproportionate influence on sales of records and concert tickets, the Wall Street Journal reports.

Cronuts: The Next Designer Cupcake?

As last decade’s gourmet cupcake craze fades away, the 62-store Crumbs Bake Shop chain is shifting its energies from its own struggling outlets to sales through other retailers, and also is trying to cash in on another snack fad, Bloomberg BusinessWeek reports.

Wi-Fi's Battle in the Sky

Wi-fi service on plane flights is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems. Reuters looks at which Wi-Fi system may win out.

Teddy Ruxpin Creator Ken Forsse Dies

Ken Forsse, whose cuddly talking teddy bear marked a technological leap forward for toys in the mid-80s, has died at age 77, the Los Angeles Times reports.

Concussion Cases Inspire New Law Course

George Washington University’s law school is offering the first course devoted to the legal implications of sports-related traumatic brain injuries, the New York Times reports.

Markets Rebound

In Monday morning trading, the Dow Jones industrial average was up 108 points to16,135. The Nasdaq rose 42 points, or 1 percent, to 4,041. The S&P 500 rose 15 points, or 1 percent, to 1,831.

Puma, Arrowhead Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell for the week.

Boeing Plans to Boost Local Workforce

After years of eliminating jobs in Southern California, aerospace giant Boeing Co. announced plans to increase its engineering workforce in Long Beach and Seal Beach by 1,000 positions, the Los Angeles Times reports.

Garcetti Calls for Roadwork, Tax Cuts

L.A. Mayor Eric Garcetti presented list of initiatives in his first State of the City address Thursday, promising to reinvigorate the city's major boulevards, cut taxes for businesses, put building records online and keep a lid on DWP rates, the Los Angeles Times reports.

State Senate Approves Property Tax Break for Space Firms

Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the California Senate, the Los Angeles Times reports.

Report: Moonves Buys Allen’s Malibu Mansion

Sources tell New York Post's Page Six that CBS chief Les Moonves has bought Microsoft co-founder Paul Allen’s home on Malibu’s prestigious Carbon Beach for $28 million. Moonves reportedly will keep his Holmby Hills mansion, and use the beach house as a weekend retreat.

Record-Breaking L.A. Mansion for Lease

Fleur de Lys, the Westside mansion that recently sold for a record price of $102 million – possibly to Michael Milken is now available for lease for $400,000 a month to long-term tenants, the Los Angeles Times reports.

CBS Chief Tells How the Colbert Deal Got Done

Stephen Colbert's agent reached out to CBS about his taking over “Late Night” the day after David Letterman announced his retirement, and Colbert quickly emerged as the top candidate, CBS entertainment chief Nina Tassler told the Wrap.