Los Angeles Business Journal

SpaceX Rocket Explodes

Billionaire Elon Musk's aerospace company SpaceX suffered its third setback in eight months when a rocket equipped with cargo on its way to the International Space Station disintegrated over Florida Sunday, the Los Angeles Times reports. It’s not necessarily a critical blow for the company, but on the other hand, competing companies are clamoring for a chance to replace SpaceX.

Greek Crisis Roils Markets

As banks in Greece closed Monday and talks between the government and its creditors deteriorated, markets worldwide were rattled this morning, the Wall Street Journal reports.

Water Plant in the Works

A $600-million water treatment plant in North Hollywood that would be used to recycle more water and capture storm water runoff could be fast tracked over the next couple of years if the Los Angeles Department of Water and Power can get environmental approval, the Los Angeles Daily News reports.

New Car Attitude

With the rising popularity of ride-sharing services like Uber and Lyft Inc., the whole notion of car sharing is taking hold. Imagine renting out your car during down times. As a result, some car makers are creating car-sharing programs of their own, the Los Angeles Times reports.

Commutes May Worsen Nationwide

Angelenos know all about tough morning commutes, but the Transportation Department projects other places could see worsening traffic. It says over the next 30 years more than one-third of highways across the country could face much longer daily commutes, the Los Angeles Daily News reports.

Disney’s Downer

ESPN may be becoming more of a drag on Walt Disney Co. as the cable sports network has forced the company to pay rising costs, the Street reports.

Box office: ‘Jurassic World’ on Top

"Jurassic World" narrowly ruled the weekend box office but did hit the $500 million mark in total ticket sales, making it only the fifth film to do so domestically. Pixar’s “Inside Out” came in second place while with $52.1 million over the weekend while Seth MacFarlane’s R-rated “Ted 2” came in third, making $32.9 million, the Hollywood Reporter reports.

World Naked Day

Talk about baring it all. Hundreds rode on bikes through downtown Sunday for the annual World Naked Bike Ride with some riders completely nude, LAist reports.

Stocks Down

The Dow Jones industrial average was down 149 points in early trading Monday to 17,798. The S&P 500 was down 18 points to 2,084. The Nasdaq was down 45 points to 5,036. The LABJ Stock Index was down one point to 234.

NFL Looks for Temporary Digs

The NFL’s search is on for a temporary stadium in Los Angeles as league officials began issuing proposal requests Thursday to venues including the Coliseum and the Rose Bowl in the event a team returns here in 2016, the Los Angeles Times reports.

High Court Rules Against ‘Sweepstakes’ Games

The California Supreme Court has spoken: computerized ‘sweepstakes’ games played at internet cafes statewide are illegal, the Sacramento Bee reports. See previous coverage here.

New Charney Lawsuit

In the latest twist in American Apparel Inc.’s apparently never ending legal saga, former Chief Executive Dov Charney has sued the company claiming officials conspired with hedge fund Standard General to force him out of the company last June, the Los Angeles Times reports.

Emerald Transfer Halted

A federal judge in Washington, D.C., has sided with the Department of Justice to halt the transfer of the Bahia emerald, the world’s largest, from the Los Angeles Sheriff’s Department, where it has been housed in an undisclosed location since 2008, the Business Journal reports.

Waste Not, Want Not

Efforts to conserve water are getting personal as city officials start sending out letters to Los Angeles residents who are among the top 1 percent of residential water users telling them to use less, the Los Angeles Times reports.

Ban on Short-Term Rentals

Manhattan Beach has said no to short-term rental services such as Airbnb as the city council responded to resident concerns about preserving the area’s character, the Daily Breeze reports.

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