Los Angeles Business Journal

Valet Parking at Runyon

In a very-L.A. marketing gimmick, the parking app CurbStand offered its valet services at the hiking destination Runyon Canyon over the weekend, LAist reports.

Stocks Up

The Dow Jones industrial average was up 21 points in Monday morning trading to 17,830. The S&P 500 was up five points to 2,069. The Nasdaq was up 26 points to 4,739.

Obama Protects Millions of Immigrants From Deportation

President Barack Obama announced Thursday a plan that will give more than four million undocumented immigrants the chance to apply for work permits, protecting them from deportation, the Wall Street Journal reports. It will also narrow the group of people who would be subject to deportation, focusing on gang members, serious criminals and those who crossed the border after Jan. 1.

Relief, Disappointment in L.A. After Immigration Announcement

As people gathered outside the federal prison in downtown Los Angeles to watch Obama’s speech on Thursday, many undocumented immigrants expressed relief to be out of the shadows, while others who wanted broader immigration reform protested, saying that Obama's plan is too limited, the Los Angeles Times reports.

Truckers End Strike at Three Companies, Still Picketing at Two

Los Angeles and Long Beach port truck drivers decided on Thursday to stop striking at three local trucking companies: QTS Inc., LACA Express, and WinWin Logistics, the Press-Telegram reports. Drivers will continue picketing at Pacer and Harbor Rail Transport.

SEC Halts Trading of Monrovia Ebola Stock

The Securities and Exchange Commission suspended trading this morning in the shares of four companies -- including penny stock outfit Immunotech Laboratories Inc. in Monrovia -- that sell products related to the recent Ebola outbreak, warning that “scam artists” often use newsy events to lure investors into fraudulent stocks, the Los Angeles Times reports.

UC Tuition Hikes Pass Despite Protests

While their decision was barely discernible over the chants of protesting students, the University of California regents voted 14-7 on Thursday to approve tuition increases of as much as 5 percent for each of the next five years, the Los Angeles Times reports. Ongoing protests of the decision led to the cancellation of UCLA's annual bonfire rally for Saturday's football game against USC.

Los Angeles Teachers Rally for Raises, Smaller Classes

Thousands of teachers across Los Angeles rallied Thursday in support of union demands for a pay raise, smaller class sizes and other demands made in contract talks with Los Angeles Unified School District, the Daily News reports.

AT&T Settles With California, But Leaves Mess

AT&T will pay the state $52 million in penalties as part of a settlement over the illegal dumping of hazardous waste -- but the company won’t be required to actually clean up the resulting pollution, Reuters reports.

Paramount and Google to Crowdsource ‘Interstellar’ Time Capsule Doc

Paramount Pictures and Google have teamed up to promote “Interstellar” by asking fans to contribute memories and highlights of their “life on earth” for a short “time capsule” documentary, Variety reports.

Stocks Up

The Dow Jones industrial average was up 136 points in Friday morning trading to 17,855. The S&P 500 was up 15 points to 2,067. The Nasdaq was up 30 points to 4,732.

Largest Hollywood Lease in a Decade: Viacom Takes Columbia

Columbia Square, the site that was once the famed Hollywood headquarters for CBS, will become home to Viacom’s MTV, Comedy Central, BET and Spike TV. Developers are calling it the largest lease signed in Hollywood in the last decade, the Los Angeles Times reports.

Employers Expect Hike in Health-Benefit Costs

Southern California employers expect their health-benefit costs to rise 4.8 percent next year as the economy recovers and mandates under the federal health law kick in, according to a new survey released Wednesday by benefits consultant Mercer, the Los Angeles Times reports.

Key Committee Votes Yes on UC Tuition Hike

Despite strong opposition from Gov. Jerry Brown, legislative leaders and students, a key UC regents committee voted Wednesday to hike tuition by as much as 28 percent, the Daily News reports. If the hike is approved today by the Board of Regents, it would end a three-year freeze on tuition.

Lawsuit to Fight Medi-Cal Cancellations

More than 91,000 Medi-Cal recipients in Los Angeles County will be sent letters this week telling them that their coverage will end on Nov. 30, the Los Angeles Times reports. Several legal groups filed a lawsuit on Monday trying to block the action, saying that the renewal packets mailed earlier in the year did not clearly explain what eligibility information applicants were supposed to provide.