The Breakdown

Explaining Southern California's economy

In SoCal business news: NPR names new CEO, Apple may buy Beats Electronics

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Happy Friday! Welcome to The Breakdown. Every weekday morning, our staff compiles a list of interesting business news in the region. 

  • Jarl Mohn will become NPR's CEO and president. He's currently the chairman of Southern California Public Radio, which runs KPCC (KPCC). 
  • Apple may buy Beats Electronics for $3.2 billion (New York Times). Beats Electronics makes the popular Beats by Dr. Dre headphones.
  • L.A. registry is criticized for not doing enough to enforce rules for banks to keep foreclosed properties free of blight (Los Angeles Times). 
  • Demolition of a former navy housing in San Pedro will lead to the building of 676 new homes (Press-Telegram).
  • President Obama will visit Walmart in Mountain View to discuss energy efficiency (Washington Post). It's also the first time a president has made an official visit to a Walmart store, according to Charles Fishman, author of "The Wal-Mart Effect." 
  • A Downtown L.A. carwash is sold for an estimated $25 million (Los Angeles Times).
  • The monthly rate for new Netflix subscribers goes up by $1 to $8.99 a month (Slate).
  • Now, some good news. We've heard about companies like Toyota moving jobs out of California to Texas, but a San Diego network security firm has decided not to do that, despite being offered financial incentives (U-T San Diego).

Got business news? Tweet me @thewendylee and my colleagues Ben Bergman (@thebenbergman) and Brian Watt (@radiobwatt).

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