Los Angeles Business Journal

Council Proposal Could Slow Minimum Wage Hike

Five Los Angeles City Council members put forward a proposal Tuesday that would slow down Mayor Eric Garcetti’s plan to raise the minimum wage by requiring a thorough economic study on how businesses could be affected by the increase, the Daily News reports.

L.A. Takes Step Toward Touch-Screen Voting

The Board of Supervisors on Tuesday approved a $15 million contract with a Palo Alto consultant to design touch-screen voting machines that will replace paper ballots in Los Angeles County, the Los Angeles Times reports.

L.A. Tech Gets Its First Luxury Bus

The search company YP, formerly branded as Yellow Pages, announced a partnership on Tuesday with the San Francisco start-up RidePal to shuttle its workers who live on the west side to YP offices in Glendale, the Los Angeles Times reports. The deal is the first example of a Google-esque luxury bus for the Los Angeles tech scene.

Companies Strategize to Avoid Health Law Penalties

To escape fines for not complying with the mandate to offer health insurance, some companies have taken up cost-cutting strategies such as enrolling employees in Medicaid or offering “skinny” health plans that cover preventive care but exclude benefits like hospital coverage, the Wall Street Journal reports.

GMO Ban Moves Forward

The Los Angeles City Council voted on Tuesday to draft an ordinance banning the cultivation of genetically modified crops, the Los Angeles Times reports.

‘Goodfellas’ Actor Sues Fox Over ‘Simpsons’ Mob Character

Actor Frank Sivero, who played mobster roles in “The Godfather Part II” and “Goodfellas,” has filed a $250 million lawsuit against Fox Television Studios, alleging that one of the “wise guy” characters on “The Simpsons” infringed on his likeness in violation of California's publicity rights law, according to the Hollywood Reporter.

Stocks Up

The Dow Jones industrial average was up seven points in Wednesday morning trading to 16,622. The S&P 500 was up three points to 1,945. The Nasdaq was up eight points to 4,428.

Are Unions Driving Kinkisharyo Out of L.A.?

Los Angeles County Supervisor Michael D. Antonovich accused labor leaders of “greenmail” by using environmental law to force Japanese manufacturer Kinkisharyo to unionize its local workforce. Some government and business leaders say the effort has delayed plans to build a $60 million manufacturing facility in the Antelope Valley and has made the company consider relocating to another state, the Los Angeles Times reports.

NFL Researching L.A. Market

The National Football League will begin a formal assessment of the L.A. area today, the Los Angeles Times reports.

Privacy: Should Hotels be Forced to Turn Over Guest Records?

The U.S. Supreme Court agreed to review a federal appeals court ruling striking down a Los Angeles ordinance requiring that hotel guest records “be made available to any officer of the Los Angeles Police Department for inspection,” the Wall Street Journal reports.

City Council to Decide if L.A. is a ‘GMO-Free Zone’

The Los Angeles City Council today will consider a proposal to ban the cultivation of genetically modified crops, the Daily Breeze reports.

Google, Legendary to Invest in Secret Visual Tech

Magic Leap, which has been working on a secretive wearable visual technology, is planning to announce a $542 million investment led by Google. Also participating in the round is Burbank’s Legendary Entertainment and its chief executive, Tom Tull, the Hollywood Reporter says.

Porn Industry to Resume Filming

The adult film industry lifted a production hold on Monday after the performer who was thought to have been exposed to HIV tested negative, the Los Angeles Times reports.

The Quest for a Real-Life Hoverboard

Ever since the release of “Back to the Future Part II,” many people have been trying to make a real-life hoverboard, from hobbyists to physicists to engineers at Google. The latest effort, in Los Gatos, involves a heavy, magnetic skateboard that can float above a copper surface, the New York Times reports.

Stocks Up

The Dow Jones industrial average was up 110 points in Tuesday morning trading to 16,510. The S&P 500 was up 24 points to 1,928. The Nasdaq was up 70 points to 4,386.

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