David Beckham to Retire
Former L.A. Galaxy star David Beckham will retire from soccer at the end of the season, closing a 21-year career in which he won titles in four countries, Bloomberg News reports
Report: Yahoo Eyeing Tumblr for $1 Billion
Yahoo is trying really hard to be cool again and it's hoping that blogging site Tumblr can help, All Things D and CNBC report.
State Cuts Hours for Jobless Hotline
The California Employment Development Department has directed call center workers to not answer its benefits hotline after lunch, the Los Angeles Times reports. The service cutback is the result of sequestration.
Cedars-Sinai's Pricing Stands Out
When Medicare disclosed average charges from U.S. hospitals for common procedures last week, only one hospital was near the top in every category: Cedars-Sinai Medical Center, the Los Angeles Times reports.
Bill Gates Retakes World’s Richest Title
Forbes magazine still may say Mexican investor Carlos Slim is the world's richest person, but the latest Bloomberg Billionaires Index contends that Microsoft founder Bill Gates has regained the top spot, Bloomberg News reports.
Sales Drop at Wal-Mart, Kohl’s, Nordstrom
Some of the biggest names in retail had a tough first quarter as cautious consumers reduced spending, ABC News and the New York Times report.
Sriracha Rooster Invades Pop Culture
Bart Simpson loves the incredibly popular made-in-Rosemead Asian condiment, and Lay's recently produced a Sriracha potato chip inspired by the pho-restaurant staple, the Los Angeles Times reports.
Frankfurt Ban on Night Flights Aids Dubai
Frankfurt, which won't let jetliners take off between 11 p.m. and 5 a.m., is among several of Western Europe’s once undisputed hubs seeing a steady erosion of status: squeezed from the one end by a lack of expansion space and stricter rules, and from the other by more passenger friendly airports in the Middle East, Bloomberg News reports.
Hackers Hit Financial Times
The Financial Times said several of its blogs and social-media accounts were hacked on Friday by a group calling itself the Syrian Electronic Army, the Wall Street Journal reports.
California Fuels $550 Million Powerball Jackpot
Powerball fever has come to the Golden State, as officials expect the jackpot to keep growing before Saturday's drawing to break the previous record of $587 million, the Associated Press and Los Angeles Times report.
Markets Rebound This Morning
In Friday morning trading, the Dow Jones industrial average was up 66 points to 15,299. The Nasdaq rose 15 points to 3,481. The S&P 500 rose 8 points to 1,658.
IRS Scandal Fells Chief
President Obama on Wednesday forced the resignation of the acting commissioner of the Internal Revenue Service in connection with the inappropriate targeting of conservative political groups, the Wall Street Journal reports.
Tribune Newspapers Attract Suitors, 'Noise'
Some 40 parties have expressed interest in acquiring some or all of Tribune Co.’s newspapers, sources tell the Chicago Tribune. The Los Angeles Times is among the publications on the block. But Chief Executive Peter Liguori emailed employees on Wednesday, calling speculation about a transaction premature.
Loeb Exits Herbalife Fight
Activist investor Daniel Loeb‘s Third Point LLC has sold off its widely publicized stake in L.A.'s Herbalife Ltd., the Wall Street Journal reports, even as a study of analyst recommendations at major brokerages shows that Herbalife is a top pick among stocks screened for strong stock buyback activity, Forbes says.
Woodland Hills Office Park Sold
The 26-acre Warner Center Corporate Park in Woodland Hills and another nearby office property have been acquired by Adler Realty Investments Inc. and LLJ Ventures for $80 million, the Los Angeles Times reports.
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