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ENTERTAINMENT
March 26, 2014 | By Meg James
His older son, Lachlan, quit a top executive job in the company and retreated to Australia. His second son, James, was battered by the British phone hacking scandal. Some analysts figured Rupert Murdoch's long-held ambition to leave his vast worldwide empire in the hands of a Murdoch would never happen. But with one bold stroke Wednesday, the 83-year-old Murdoch cemented a new leadership structure that ensures his two sons will be in charge of his two media companies long after he is gone.
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WORLD
March 24, 2014 | By W.J. Hennigan
The British company whose satellite data helped direct search efforts for Malaysia Airlines Flight 370 toward the south Indian Ocean said about two weeks ago that it had received “routine” and “automated” signals from the missing Boeing 777. Malaysian Prime Minister Najib Razak, who announced Monday that the plane carrying 239 people "ended in the southern Indian Ocean" with no hope of survivors, said the company, Inmarsat, has been performing...
ENTERTAINMENT
March 23, 2014 | By Steven Zeitchik
NEW YORK - Two New York entertainment-world fixtures are teaming, as Madison Square Garden has announced that it has taken a 50% stake in Tribeca Enterprises, the company that runs the Tribeca Film Festival. The move gives Tribeca a financial foundation as well as presumed access to a number of high-profile venues. For MSG, the deal offers a toehold in the film-festival world as it looks to expand its live-event business beyond sports and music. Specific financial terms were not disclosed, though Tribeca said the deal "values Tribeca Enterprises at $45 million.
CALIFORNIA | LOCAL
March 22, 2014 | By Carla Rivera and Kate Mather
In the wake of some wide-ranging breaches in credit card data, Mastercard and Visa this month announced an initiative to increase payment security, including expanding chip technology in the U.S. “The recent high-profile breaches have served as a catalyst for much-needed collaboration between the retail and financial services industry on the issue of payment security,” Ryan McInerney, president of Visa Inc., said in a statement this month....
CALIFORNIA | LOCAL
March 20, 2014 | By Jessica Garrison
One year after the South Coast Air Quality Management District found that arsenic emissions from a Vernon battery plant posed a cancer risk to more than 100,000 people, the agency has approved Exide Technologies Inc.'s plan to reduce health risks. Exide issued a statement saying it had "worked diligently" with regulators and intends to invest more than $5 million in the facility as a result of the new plan, on top of $15 million the company has already spent or pledged for other environmental and public health-related improvements since 2010.
ENTERTAINMENT
March 20, 2014 | By Betsy Sharkey, Los Angeles Times Film Critic
The only thing better than one Kermit is two. And the only thing better than two Kermits is one with a Russian accent. Throw Tina Fey into a gulag, force Ricky Gervais to play second fiddle to a nefarious frog, stick Ray Liotta in a chorus line and you have a sense of the zany extremes to be found in "Muppets Most Wanted. " After the magically nostalgic return of the fuzzy-wuzzies to the big screen in 2011's "The Muppets," it's natural to think of "Most Wanted" as a sequel. Don't.
BUSINESS
March 20, 2014 | By Chris O'Brien
Now that the Google Barge has left the San Francisco Bay and set sail for less choppy waters, Silicon Valley needs another good mystery. And thanks to the city of San Jose, we've got one!  On Wednesday, the city of San Jose gave swift approval to a gargantuan 10-building complex to be built in the northern part of the city along U.S. Highway 101, reports the  San Jose Mercury News. It's 2 million square feet of office-cubicle goodness, just a short drive from the city's airport.  STORY: Silicon Valley is having an architectural breakthrough And because it will be able to fit up to 10,000 workers, whoever is going to occupy this baby will become the city's second largest employer, behind Cisco Systems, says the Mercury News.
BUSINESS
March 19, 2014 | By Shan Li
Texas Gov. Rick Perry says that his swings through California to poach businesses work. As proof, Perry said Wednesday that California companies had created about 14,000 new jobs in Texas over the last two years. These Golden State companies, which number 60 in all, have expanded, relocated or moved jobs to Texas, Perry said. Eleven of the businesses have relocated their headquarters to the Lone Star State, including longtime Los Angeles-based Occidental Petroleum. PHOTOS: World's most expensive cities "As states continue to compete for jobs and investment, it's clear the formula for this success exists in red states," Perry said in a Wednesday statement.
ENTERTAINMENT
March 19, 2014 | By Daniel Miller
Walt Disney Co. held its annual meeting in Portland, Ore., on Tuesday and used the occasion to reveal a few tidbits about its forthcoming film projects, including a pair of animated sequels and the company's first "Star Wars" picture. Shareholders of Disney, the world's largest entertainment company, also confirmed all 10 members of the board of directors who were up for reelection. The meeting was also notable for what did not transpire there. The Burbank company was able to avoid a vote on a proposal put forward by a group of activist investors who wanted to amend the process by which candidates are nominated to the board.
CALIFORNIA | LOCAL
March 17, 2014 | By Kim Christensen
Scores of small businesses burned in a payroll-tax scam got some welcome news late last week when an insurance company said it would cover $3 million of their total losses. "We won't get all of our money back, but at least it looks like we will get a good chunk," said Melissa Meltzer, who with her husband, Robert, owns a Los Angeles children's fitness franchise that lost about $55,000. The Meltzers are among about 150 mostly Southern California restaurateurs, dentists, hairstylists and others who learned around Christmas that money they had deposited with LA Payroll for state and federal taxes had disappeared - as had the company's owner, Tovmas Grigoryan.
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