Happy Friday! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile a list of interesting business stories in the region.
- Disney's 'Frozen' opens today in Japan — its last major market. Bloomberg News is reporting the film has generated more than $1 billion in global ticket sales since opening November 22.
- California tells energy companies to grab more power. The San Gabriel Valley Tribune looks at the move by Southern California Edison and San Diego Gas & Electric to secure up to 1,500 megawatts of new energy by 2022, after a directive from state regulators. This follows the closure of Edison’s troubled San Onofre nuclear facility, which KPCC reported on extensively.
- Herbalife moves shareholders' meeting back a few days. Herbalife announced that it has rescheduled its 2014 shareholders meeting to April 29 in order to allow the company to continue its discussions with Carl Icahn regarding potentially adding additional Icahn nominees to Herbalife’s board of directors. The meeting will be held in Los Angeles. On Thursday's Take Two, Alex Cohen discussed the Federal Trade Commission's investigation of Herbalife with Duane Stanford of Bloomberg News.
- Making finance sexy. Showtime is working on a pilot for an hour-long drama from The New York Times columnist and CNBC anchor Andrew Ross Sorkin, according to Vulture.com. The show is set in the world of hedge funds.
- California takes on toxins in children's nap mats. KPCC's Molly Peterson reports on the move by the state’s Department of Toxic Substances Control to eliminate a foam in children’s nap mats, certain spray-foam insulation and paint strippers as it applies new consumer product safety regulations enacted last year. Bloomberg News takes a comprehensive look at what it means. As 2013 ended, we also reported on how California's furniture companies were adjusting to new inflammability standards.
- Rewriting California and SoCal's economic year. The LA Daily News reports that Los Angeles and the Inland Empire had a better 2013 economically than the original numbers showed.
- The next phase of Playa Vista. The Argonaut calls Playa Vista "equal parts retail hub, Silicon Beach hotspot and idyllic suburban enclave." The article quotes Los Angeles Mayor Eric Garcetti at the groundbreaking for IMAX's planned facility in Playa Vista.
- #nerdbird to be grounded. Less than a year ago, Sir Richard Branson greeted the first arriving passengers on Virgin America’s daily nonstop between Mineta San Jose International Airport and LAX. The San Francisco Chronicle reports the flight failed to attract the flocks of nerds it had targeted.
Got business news? Tweet the business team reporters: Wendy Lee (@thewendylee), Brian Watt (@radiobwatt) and Ben Bergman (@thebenbergman).