Los Angeles Business Journal

New Look

After getting the go ahead from the Carson City Council this week, the San Diego Chargers and Oakland Raiders showed off a revised, open-air design for their $1.7 billion stadium to NFL Commissioner Roger Goodell and six NFL team owners in New York, the Los Angeles Times reports.

More Water Rules

Preparing for a worst-case scenario, the city’s Board of Water and Power Commissioners unanimously approved restrictions Thursday that would require residents to cover swimming pools or limit watering to two days a week if conservation efforts stretch into the summer, the Los Angeles Times reports.

Looking to the River

Could the L.A. River be the answer to the city’s housing problems? The answer is yes, according to a Los Angeles Business Council report released Friday. The report says the river could help Los Angeles Mayor Eric Garcetti reach his goal of creating an additional 100,000 housing units by 2021, the Los Angeles Times reports.

Tuning Out

In the face of mounting resistance from federal regulators, Comcast is saying farewell to its plans to take over Time Warner Cable, the Wall Street Journal reports.

No Hope for Greek Deal

Greece is at the top of the agenda as euro zone finance ministers gathered for a meeting in Latvia Friday, but no one involved is holding out hope for a deal for Greece, CNBC reports.

Record High

Driven by strong earnings and a surge in tech stocks, the Nasdaq reached a record high Thursday, the Los Angeles Times reports.

Don't Sue or Pay Up

It’s decision time for a former associate who unsuccessfully sued Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers for gender discrimination: the firm is offering her an option to drop the case against them or cover its $1 million in legal fees, the New York Times reports.

Racing On

If fans were looking forward to “Furious 7,” hold onto your seatbelts because “Furious 8” is already being planned for a 2017 release date, the Hollywood Reporter reports.

Happy Birthday, YouTube!

As YouTube celebrates its 10th birthday, it has the Digital Millennium Copyright Act to thank for its success, Ars Technica reports.

Stocks Mixed

The Dow Jones industrial average was down 18 points in Friday morning trading to 18,041. The S&P 500 was up two points to 2,115. The Nasdaq was up 28 points to 5,084. The LABJ Stock Index was flat at 234.

NFL Must Pay Up

The National Football League should pay former players for concussions they sustained while playing the sport. So says a federal judge who has approved a plan to resolve thousands of NFL concussion lawsuits which could cost the League $1 billion over 65 years, the Hollywood Reporter reports.

Topless in Venice?

Venice Beach may soon resemble some European beaches if the Venice Neighborhood Council has its way. Council members voted this week to support a move to allow women to sunbathe topless, the Los Angeles Times reports.

DWP Rewriting the Water Rules

In an effort to fight the drought, the Los Angeles Department of Water and Power will rewrite the water conservation rules. In the end, locals may only water their lawns twice a week instead of three, the Los Angeles Daily News.

California Raisins Before Supreme Court

The U.S. Supreme Court may be ready to rule in favor of a Fresno raisin farmer who is fighting a Depression-era law that allows a government-backed board to take part of a farmer’s crop in an effort to stabilize prices, the Los Angeles Times reports.

Hotel Figueroa Gets Re-do

It's makeover time for one of the oldest hotels downtown, the Hotel Figueroa, as its new owners are planning a $30-million renovation to restore it to its original Spanish Mediterranean glory, the Los Angeles Times reports.

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