Los Angeles Business Journal

Lack of Lodging Slows L.A. Tourism Growth

Tourism in Los Angeles is failing to keep pace with Orlando, New York and Chicago, primarily because the city lacks enough hotel rooms near the downtown convention center, the Los Angeles Times reports.

Justices Mixed on Aereo's Copyright Fight

U.S. Supreme Court justices appeared skeptical on Tuesday about online TV service Aereo Inc.'s position in a copyright dispute with broadcasters, but several raised concerns about how a ruling against the startup could affect cloud computing services, Reuters reports.

BBCN, Cathay Near Top of National Stock Ratings

Two of L.A.’s Asian-American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities, the Los Angeles Times reports.

AOL Launching Free Streaming Movies Service with Miramax

Films from Miramax's library of titles will be available to stream free via mobile and other connected devices on Miramax's AOL channel, the Hollywood Reporter says.

Can Valeant Work Its Magic On Allergan?

For the last few years Valeant Pharmaceuticals has been buying big medical brands like Bausch & Lomb. Forbes looks at whether the latest decision to team up with hedge fund manager William Ackman in a bid to acquire Botox-maker Allergan could work. Also, Ackman tells CNBC that he did not front-run Allergan stock.

UC Settles With Surgeon in Whistleblower Retaliation Case

A $10 million settlement ends a case brought by a UCLA department chairman who says the college’s medical school allowed doctors to take industry payments that may have compromised patient care, the Los Angeles Times reports.

Boeing's Profit Slides on Pension Costs

Boeing Co. on Tuesday said pension charges pushed down net income in the first quarter, but improvements in its core operations beat analysts' expectations as output for jetliners continued to rise, the Wall Street Journal reports.

Show Creator Signs Netflix Deal

"Arrested Development" creator Mitch Hurwitz has signed a multiyear deal with Netflix to create and produce a new show and serve as executive producer for other projects, Deadline Hollywood reports.

Markets Slip

In Wednesday morning trading, the Dow Jones industrial average was down 21 points to 16,494. The Nasdaq fell 22 points to 4,140. The S&P 500 fell 2 points to 1,877.

Plans to Link LAX Moving Forward

With a surge in rail construction in Los Angeles, governing boards are expected to choose in coming weeks among several proposals that would connect the airport to the Crenshaw Line, expected to be complete in 2019, and the existing Green Line, the New York Times reports.

Tesla Delivering First Cars to China

Tesla Motors Inc. Chief Executive Elon Musk, who’s preparing to begin deliveries of the Model S electric vehicle in China, forecast the company will be making cars in the country in the next three to four years, Bloomberg News reports.

Valeant, Ackman Bid for Maker of Botox

Activist investor William Ackman and Valeant Pharmaceuticals revealed their offer to acquire Allergan, valuing the wrinkle treatment maker at about $46 billion, the Wall Street Journal reports.

Anthem Signs Up Most Californians Under Health Law

With open enrollment for Obamacare wrapped up, insurance giant Anthem Blue Cross stayed ahead of the pack in California sign-ups, the Los Angeles Times reports.

Guilty Plea to Securities Fraud in Disney-Marvel Deal

A San Francisco man has pleaded guilty to a single count of securities fraud Monday related to the 2009 acquisition of Marvel Entertainment by Walt Disney Co., the Los Angeles Times reports.

Deals Reshape Novartis, Glaxo

Drug giants Novartis and Glaxo today unveiled a series of transactions worth more than $20 billion that transforms both companies, the Wall Street Journal reports.