Los Angeles Business Journal

Stocks Mixed

The Dow Jones industrial average was down 26 points in early trading Tuesday to 16,001. The S&P 500 was down 2 points to 1,852. The Nasdaq was up 11 points to 4,294. The LABJ Stock Index was up slightly to 204.

SoCalGas’ Relocation ‘Painfully Frustrating’

Residents of the Porter Ranch area say their stress has been magnified by confusion and misinformation about reimbursements, disorganization, and bureaucracy on the part of SoCalGas, the Los Angeles Daily News reports. Since a gas leak was discovered at a well in October, SoCalGas has placed more than 6,000 households in temporary housing.

Bullet Train Back in Court

The proposed California high-speed rail is back in the spotlight. Some residents have filed a lawsuit against the state, saying it can't keep the promises made to voters in 2008 about travel times and system cost, the AP reports.

What to Watch in Disney’s Earnings

Despite Walt Disney Co.´s blockbuster success with “Star Wars,” investors are worried about subscriber losses at its cable networks, MarketWatch reports. The company on Tuesday is expected to report earnings of $1.45 a share for the first quarter, a 14 percent increase, but may not be enough to reverse a 10 percent stock slide so far this year.

´Kung Fu Panda´ Stays Atop Box Office

"Kung Fu Panda 3" fended off the Coen brothers' "Hail, Caesar!" to stay on top at the box office this weekend, Box Office Mojo reports. The movie grossed an estimated $21 million during its second weekend in theaters.

Stocks Down

The Dow Jones industrial average was down 211 points in early trading Monday to 16,205. The S&P 500 was down 35 points to 1,880. The Nasdaq was down 146 points to 4,363. The LABJ Stock Index was down 6 points to 208.

Hope for Porter Ranch?

A state official said Thursday that the damaged well spewing natural gas near Porter Ranch could be capped by the end of next week, according to the Los Angeles Times. A senior advisor to Gov. Jerry Brown said that the relief well that is being drilled was tentatively expected to intercept the leaking well as early as Monday.

SoCal Gas Scraps Relocation Plan

A controversial plan by SoCal Gas has been thrown out. The plan would have given displaced residents only 48 hours to return home once the Porter Ranch gas leak, which has been spewing gas since October, is contained.

Dauman’s Viacom Appointment Sparks Uncertainty

The appointment of Philippe Dauman as chairman of Viacom Inc. has exposed a boardroom rift that could cause uncertainty for Nickelodeon, MTV and Paramount Pictures. The lone vote against Dauman came from Sumner Redstone's daughter, Shari Redstone.

Marinello Schools of Beauty to Close

Marinello Schools of Beauty announced Thursday it will close all 56 of its campuses after losing federal funding, the Los Angeles Daily News reports. The Department of Education said that Marinello was requesting federal aid for students based on invalid high school diplomas, and under-awarding federal aid to students, among other infractions.

Time Up for Lotto Winner

Public schools are set to receive a $63-million boost because the winner of the huge SuperLotto prize has failed to file a claim, the Los Angeles Times reports. The lottery winner had until 5 p.m. Thursday to do so.

Persian Carpets Roll into U.S.

After years of waiting, imported Persian carpets are now available throughout the U.S., following the lifting of sanctions against Iran. The end of the embargo is reinvigorating a commercial lifeline in Southern California, the Los Angeles Times reports.

Stocks Down

The Dow Jones industrial average was down 31 points in early trading Friday to 16,385. The S&P 500 was down 10 points to 1,905. The Nasdaq was down 41 points to 4,468. The LABJ Stock Index was down 2 points to 212.

Viacom Board Discussing Succession Today

Viacom´s board of directors will meet on Thursday to consider naming a new chairman to succeed Sumner Redstone, CNN Money reports. Chief Executive Les Moonves was named the new chair of Redstone’s other company, CBS Corp., on Wednesday, but the transition at Viacom, owner of Paramount Pictures, MTV and Comedy Central, may not be so straightforward.

Former Port of L.A. Police Chief Pleads Guilty

The former chief of police at the Port of Los Angeles pleaded guilty Wednesday to charges of tax evasion and providing a false statement to the FBI, according to the Los Angeles Times. Ronald Boyd faces up to 11 years in federal prison at a sentencing scheduled for July 25.