The Breakdown

Explaining Southern California's economy

In SoCal business news: Boeing's C-17 production to end earlier than expected, Yahoo to ramp up video content

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Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile a list of interesting business stories in the region.

  • Boeing says it will end C-17 production in Long Beach three months earlier than expected (Los Angeles Times). The closure will impact about 2,000 workers in Southern California. 
  • Captain America: The Winter Soldier earned $203 million this weekend in box office sales worldwide, with about $96 million from U.S. theaters (Variety). Variety reporter Andrew Stewart says the movie's U.S. box office figures were the most for any film in April and roughly 50 percent more than when Captain America opened its first film in the nation three years ago. More on the weekend box office numbers here
  • Yahoo is ramping up its game in original video content (Wall Street Journal). WSJ reporters Mike Shields and Douglas MacMillan say Yahoo is close to commissioning four web series, which could have "per-episode budgets ranging from $700,000 to a few million dollars."
  • Some legal experts say it could be challenging for Comcast to explain to regulators why it won't have a high-speed Internet monopoly after it buys Time Warner Cable (New York Times). Comcast plans to buy Time Warner Cable for $45 billion.
  • ABC struggles with declining viewership, skews toward female audience (Ad Age). Jason Kanefsky, an executive with Havas Media tells Ad Age, "ABC attracts the lowest common denominator—women 35-to-64—which is the easiest target to reach on TV. There are plenty of other options that are more efficient than ABC."
  • A lawsuit challenges the use of unpaid internships in Hollywood (Los Angeles Times). L.A. Times' Daniel Miller and John Horn say if the lawsuit succeeds, it would "force Hollywood to change everything from the way film crews are assembled to the manner in which new talent is cultivated."
  • San Diego airport signs deal to add solar power to two main terminals (U-T San Diego). Reporter Morgan Lee says the deal could provide savings of up to $8 million.
  • Retailers would be liable if consumers get hacked under a new bill in the state legislature (Los Angeles Times). The move comes amid concerns about hacking at places like Target. Earlier this year, I reported up to 110 million people were impacted by a security breach of Target's data system.
  • United will drive its top fliers to their gates in Mercedes-Benz cars at LAX (Daily Breeze). 
  • If you're too lazy—I mean, busy—to type into Amazon the groceries you need to reorder, there's a tool for that. Amazon has given a wand-like tool to its L.A. and S.F. AmazonFresh customers, which lets them point and scan the products they need to reorder or speak into its microphone, so they don't need to type it out (re/code).

Got business news? Tweet me @thewendylee.

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