Los Angeles Business Journal

Planners Envision Warner Center as Valley’s Downtown

The Los Angeles City Council signed off on zoning that allows for up to 30 million square feet of commercial space in Warner Center and unlimited building heights, the Los Angeles Times said.

Disney Stock Tops $90 a Share

Burbank’s Disney closed Tuesday up 12 cents to $90.09 a share, the first time in 15 years that the stock ended a trading day above $90 a share, according to The Los Angeles Times.

Small Business Franchises Seek Greater Protections

Small businesses franchises, backed by the Service Employees International Union, are fighting in the legislature for more protection against the large corporations that dictate how they run their businesses, The Los Angeles Times reported.

Los Angeles Unified Changes Disciplinary Policy

The leaders of Los Angeles Unified School District rallied in front of Manual Arts Senior High School on Tuesday to champion softer disciplinary tactics that focus on keeping students out of the criminal justice system, The Daily News reported.

NFL: Performers Must Pay to Play at Super Bowl Halftime

The NFL is asking popular music acts Coldplay, Katy Perry and Rihanna, under consideration to perform during the next Super Bowl, to pay the league for the opportunity to appear during one of the most-widely viewed televised events, the Wall Street Journal said.

Fuhu Debuts Large Tablet Aimed at Families

El Segundo’s Fuhu unveiled 20-inch and 24-inch tablets on Tuesday, which are aimed at family game playing, The Los Angeles Times reported.

News and Ads to Debut on Snapchat

Venice’s Snapchat has held talks with advertisers and media companies about a service called Snapchat Discovery, which would show content and ads to users and is set to launch in November, according to The Wall Street Journal.

Los Angeles County District Attorney Investigating LA Works Program

The Los Angeles County District Attorney’s Office is investigating Irwindale’s workforce training program LA Works, which lost most of its funding when the county found nearly $1 million in overbilling, The Pasadena Star News reported.

New Home Construction Hits an Eight-Month High

After two months of declines, new home construction in the U.S. jumped 15.7 percent from June to July, reaching an eight-month high, The Los Angeles Times reported.

Gov. Brown Praises Bipartisan Support of Water Bond

At an environmental summit at Lake Tahoe on Tuesday, Gov. Jerry Brown said the drought prompted bipartisan approval of the $7.5-billion proposal for a California water bond, which will be placed on the November ballot, The Los Angeles Times reported.

Audit Finds Potentially Fraudulent Billing in California Drug Rehabs:

California approved almost $1 million for potentially ineligible drug rehabilitation providers, including for services supposedly rendered to dead people, according to a new state audit, which also found a pattern of income patient data and questionable billing, according to The Sacramento Bee.

New Corvette Records Valets’ Moves

Chevrolet is adding a “Valet Mode” to the 2015 Corvette allowing owners to record video, audio and driving data in order to catch any shenanigans that occur after dropping the sports car off at a parking lot, the Los Angeles Times said.

Dow Jones, S&P 500 Up, Nasdaq Down

The Dow Jones industrial average rose 26 points in Wednesday morning’s trading to 16,946. The S&P 500 was up 2 points to 1,983. The Nasdaq was down 2 points to 4, 526.

Clippers Owner Gives Fans ‘Hard-Core’ Greeting

Steve Ballmer, the new Los Angeles Clippers owner, greeted fans in a manner befitting the boisterous reputation he gained as a Microsoft executive with a chest-bumping introduction and a declaration of “Hard core, baby!” at Staples Center, the Los Angeles Daily News reported.

Satellite TV Companies Angling for Political Cash

El Segundo’s DirecTV and Dish Network of Colorado have formed a partnership named D2 Media Sales with plans to leverage voter data and sell targeted ads to political campaigns, the Los Angeles Times said. Check out the Business Journal’s previous article about the partnership.