Explaining Southern California's economy

In business news: Super Bowl ads; few female CEOS in last year's IPOs, Airbnb's growth

Listings on Airbnb for Los Angeles

Listings on Airbnb for Los Angeles

Movie theater owners call for shorter trailers. The National Association of Theatre Owners issued guidelines that seek to limit the length of movie trailers to two minutes, according to the Los Angeles Times.

Ratings Rat Race: Longest Grammy Awards In 22 Years On Par With 2013. The Grammys clocked in at 3 hours and 45 minutes, ten minutes longer than last year's Academy Awards, according to Deadline Hollywood.

Universal extends chairwoman's contract, extending her power. Universal Pictures' chairwoman Donna Langely may be the second most powerful woman in Hollywood, according to the New York Times.

Female CEOS missing in IPO boom. Only two of the 82 "emerging growth" companies that went public last year had female CEOs, according to the Wall Street Journal.

Airbnb's swank digs reflect growth, but controversy grows. The start-up has grown to 700 employees with listings in 192 countries, according to the San Francisco Chronicle.

Super Bowl ad chart: Who's buying what in Super Bowl 2014. The agencies working on Super Bowl commercials include some from Southern California, according to Ad Age.

Proposed program may recognize contractors who hire Long Beach residents. The Board of Harbor Commissioners will vote on the program today, according to the Long Beach Press-Telegram.

Adding olive oil to California's salad. A Chico company has become the largest U.S. producer of domestic extra virgin olive oil, according to the Los Angeles Times.

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