Business

Google is among several companies putting money into a fund to help safeguard the Internet from possibly security flaws in open-source software.

Marcio Jose Sanchez/AP

Tech giants pony up cash to help prevent another Heartbleed

Google, Intel and others say they will now financially support the open-source software that encrypts much of the traffic on the Internet. The effort follows the discovery of a key security flaw.

Sriracha

In SoCal business news: Sriracha has to wait; Maker makes a move

A list of interesting business stories in the region: The Sriracha odor matter cools in Irwindale while Maker Studios makes another move, partnering with Jukin Media.

Jay Z Performs At The Staples Center

Jay-Z–Beyoncé Rose Bowl concert may mean more money, headaches

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The Pasadena City Council approved another concert at the historic venue. Some neighbors are growing weary of the disruption caused by major events, which may include a three-day music festival.

MTV VMAs to bring $50 million to LA County

Visitors will splurge on hotels, limos and food at local restaurants during the VMAs. This year's VMAs will take place at the Forum in Inglewood.

Apple to split stock for first time in 9 years

Apple plans to buy back an additional $30 billion of its stock, raise its quarterly dividend by 8 percent and split its stock for the first time in nine years.

Batteries in baby video monitors recalled

Manufacturer Summer Infant has received 22 reports of overheated and ruptured batteries, including incidents of smoke and minor property damage.

In SoCal biz news: Sriracha firm could open more facilities

Sriracha firm Huy Fong Foods will outgrow its Irwindale facility in three years. Amazon Prime will stream older HBO shows, but not "Game of Thrones."

Sales of new US homes plunge 14.5 percent in March

The number of Americans buying new homes plummeted in March to the slowest pace in seven months, a sign that real estate's spring buying season is off to a weak start.

Online sales taxes shift consumer behavior, study shows

Some states have enacted so-called Amazon taxes, forcing the giant online retailer to collect sales taxes the same way traditional stores do. In those states, Amazon's sales fell about 10 percent.

Fast-food CEOs earn supersized salaries; workers earn small potatoes

A new report finds that the average compensation of fast-food CEOs has quadrupled since 2000. By comparison, worker wages have increased less than 1 percent.

Time Warner starts 'major' network upgrade in Los Angeles

The company announced it's upgrading its network in Covina, Cypress, Hoover, Crenshaw District, and Jefferson Park. Residential customers in Costa Mesa and West Hollywood have already received upgrades.

In SoCal biz news: Allergan gets $40 billion bid

Netflix exec says issues on House of Cards' tax credits "overcome-able."

Study: Oil industry major driver of California economy

The Western States Petroleum Association says industry pumps billions into state's economy. Environmentalist say oil addiction creates costs.

Will Aereo change the way we watch TV?

Aereo has been trying to make itself seem as significant as possible while strangely, some of the biggest players on the other side have been downplaying the threat.

Netflix to raise prices for streaming video: Will you pay? (Poll)

New customers will be affected first and existing customers will continue to pay the current price for an unspecified amount of time.

In SoCal Business news: Movie ticket prices, Oscars, Lincoln closure

The Academy of Motion Picture Arts and Sciences says that the same LA-based duo that produced the past two Oscars awards shows will produce next year's as well.