Tuesday morning headlines

Stocks hover around line: A bunch of technical cross-currents are keeping the index in place so far this morning.

Debt-ceiling deadline extended: The U.S. will have another three weeks before hitting its borrowing limit - the result of stronger-than-expected tax receipts. The new date is Aug. 2. (Bloomberg)

More job seekers than jobs: The L.A.-OC area had 4.42 people looking for every help-wanted position advertised online in April, fourth highest of 52 metro areas (but slightly improved from a year ago). Riverside had the worst job market in the country with 9.07 people looking for every position advertised online. (OC Register)

April GM sales jump 26.4 percent: Strong numbers would indicate that the U.S. automaker was not greatly affected by supply disruptions from Japan. Other carmakers will be announcing their numbers this morning. (Reuters)

Sony finds more hacking: The company discovered that credit card information and customer profiles had been compromised during an attack on its servers. The breach involves Sony Online Entertainment, which creates multiplayer online games. (NYT)

TV ownership falls: It's the first time in 20 years that the percentage of homes in the U.S. with television sets has fallen (though it's still at 96.7 percent). From the NYT:

There are two reasons for the decline, according to Nielsen. One is poverty: some low-income households no longer own TV sets, most likely because they cannot afford new digital sets and antennas. The other is technological wizardry: young people who have grown up with laptops in their hands instead of remote controls are opting not to buy TV sets when they graduate from college or enter the work force, at least not at first. Instead, they are subsisting on a diet of television shows and movies from the Internet.

Mixed bag on LAT circulation: For the six months ended March 1, the paper's daily circulation was 605,000, down 1.7 percent from the like period a year earlier, and up less than a percentage point from the previous six months. The Times ranked fourth in daily circulation and second on Sunday. (Forbes)

LAX gets flack on runway proposal: The idea is to provide more space for larger aircraft by shifting the northernmost runway 260 feet. But there's concern that the move could wipe out local businesses and homes. From the Daily Breeze:

For now, airplanes maneuvering on the airport's north airfield must use paths that crisscross the middle of two parallel runways, which are separated by 700 feet. The current layout also requires a change in operations when handling supersized jetliners, such as the Airbus A380. Separating the runways and adding a centerline taxiway would create a buffer zone that allows pilots to slow down and wait for clearance before heading to the terminals, according to the FAA.

L.A. chamber in D.C.: A group of more than 200 business leaders and public officials, including Mayor Villaraigosa, will be on Capitol Hill and at the White House to make a push for Socal-related issues.

Boingo to go public this week: The L.A.-based company that offers Wi-Fi service in airports, fast-food joints and other public places would like to raise $75 million. (All Things Digital)

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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