The Los Angeles County Board of Supervisors will consider a proposal Tuesday to ask contractors to hire veterans in a “good faith effort,” the Los Angeles Daily News reports. The goal is for veterans to be hired for at least 5 percent of work hours on county construction projects.
Pfizer Inc. and Allergan plc have agreed to merge in a huge – as in $160 billion – deal, the New York Times reports. That not only makes it one of the biggest mergers ever in the health care industry but the largest so-called inversion. Because Dublin-based Allergan would technically be the buyer, the combined company would escape many of America’s high taxes.
A proposal to build the Hollywood Palladium project that would consist of two 30-story residential towers is being strongly opposed by the AIDS Healthcare Foundation which is sparking a citywide debate over growth projects, the Los Angeles Times reports. The foundation, whose headquarters are next to the project, is part of a group which announced last week it will propose a measure to restrict such “mega projects.” See the Los Angeles Business Journal’s coverage here.
“The Hunger Games: Mockingjay – Part Two,” the Lions Gate Entertainment film starring Jennifer Lawrence, had a lower debut than expected, making $101 million in North America, the Hollywood Reporter says. “Spectre,” the Sony Pictures Entertainment film starring Daniel Craig as James Bond for the fourth time, was No. 2, bringing in $14.5 million, followed by Twentieth Century Fox's "The Peanuts Movie,” making $12.8 million.
Reality TV star Kim Kardashian and her husband, Kanye West, are reportedly about to put their renovated Bel Air Crest mansion on the market for more than $20 million, Curbed Los Angeles reports. The couple purchased it two years ago for $9 million and possibly made $2 million in renovations. The house includes a swimming pool, a library and is rumored to have four gold-plated toilets.
The Dow Jones industrial average was down 13 points in early trading Monday to 17,811. The S&P 500 was up one point to 2,090. The Nasdaq was up 10 points to 5,115. The LABJ Stock Index was up one point to 245.
The president and chief executive of MannKind has stepped down, Seeking Alpha reports, and founder Alfred Mann has stepped in temporarily. Sales of the Valencia company’s inhalable insulin are going badly, and a quick stock sale in Israel to raise emergency cash was a big disappointment. “MannKind's remaining options are shrinking fast,” reports Motley Fool.
The “people mover” system at Los Angeles International Airport that would transport travelers between the airport and a car rental facility and a train station might be designed, financed and operated by companies and not government agencies, LAX officials said Thursday, KPCC reports. Public-private partnerships have become popular, but some fans of government claim the private sector needs oversight.
Shares of Match Group soared in its trading debut Thursday with the stock ending the session up nearly 23 percent, CNBC reports. The company owns dating app Tinder of West Hollywood.
Gov. Jerry Brown is criticizing a plan just approved by the board of the California Public Employees' Retirement System to lower the target rate that it expects to earn on investments from 7.5 percent to 6.5 percent over 20 years, saying it should happen faster, the Los Angeles Times reports. Taxpayers will have to pay billions more under the plan.
A proposed project could turn some Skid Row hotels into “microunits” as a way to provide cheaper apartments for people who may not otherwise be able to afford to live downtown, Curbed Los Angeles reports. The plan, which was recently presented to the Planning and Land Use Committee of the Downtown Los Angeles Neighborhood Council, would turn four buildings on Fifth Street near Central Avenue into 160 tiny apartments that would average 277 square feet.
Parking is free, at least temporarily, at the new Village at Westfield Topanga as its parking machines – after numerous complaints – are being repaired, the Los Angeles Daily News reports. Some store owners had said their businesses were being hurt because shoppers complained their credit cards would get stuck in the machines, or they simply wouldn’t work.
Walt Disney Co.’s “Star Wars: The Force Awakens” hasn’t even opened yet and has already sold more than $50 million in advanced tickets, Variety reports. There are predictions the film will beat the $208.8 million earned by “Jurassic World” which had the biggest opening in history.
The next time you’re craving a doughnut, you may not have to leave home to get one. Dunkin’ Donuts – following the tracks of Kentucky Fried Chicken – has announced it will make home deliveries in Los Angeles, LAist reports. Dunkin’ Donuts will partner with DoorDash, an on-demand delivery service, and plans to start the service within a few weeks.
The Dow Jones industrial average was up 156 points in early trading Friday to 17,896. The S&P 500 was up 15 points to 2,096. The Nasdaq was up 31 points to 5,105. The LABJ Stock Index was up two points to 244.