Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile a list of interesting business stories in the Southern California region.
- Companies like Red Bull and Yokohama Tire are returning as sponsors for the Los Angeles Clippers with new conditions, such as requiring part of the ad dollars go to charity (Advertising Age). Reporters Michael McCarthy, E.J. Schultz and Natalie Zmuda also note that some companies, like Corona, aren't returning as sponsors.
- Electricity bills will increase 7.9 percent for San Diego small businesses because San Diego Gas & Electric is changing the way it pays for low-income subsidies (U-T San Diego).
- Omnicom Media Group signs eight-figure deal to place ads with Maker Studios (Advertising Age). Maker, which makes and distributes digital videos, will be purchased by Disney in a $500 million deal (KPCC).
- The rift between Boeing and its C-17 workers continues. The local United Auto Workers union, which represents 1,000 C-17 workers, rejected a contract for the C-17 workers' remaining months of work (Orange County Register).
- Indian casinos generated $8 billion in economic activity in California in 2012, up 7 percent from 2010 (Press-Enterprise).
- The Huading Film Awards is coming to Hollywood (Deadline). Nancy Tartaglione says this is the first time the awards show has been held in the U.S., and it's estimated 600 million viewers in China will watch the event. Tartaglione says award winners are chosen by the Chinese public.
- The L.A. Times has launched a redesign of its website (Advertising Age).
- Topshop and Topman are coming to San Diego (U-T San Diego). This will be the retailer's second stand-alone location in Southern California. Last year, more than 10,000 people attended Topshop and Topman's opening at the Grove (KPCC).
Got business news? Tweet me @thewendylee.