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Stocks move higher: But without much reason for optimism. Dow is up 80 points.
California videogame law struck down: The Supreme Court said that the state cannot ban the rental or sale of violent videogames to children, ruling 7-2 that the law is unconstitutional. (Bloomberg)
Dodger bankruptcy filing: See post below.
Oil slips to $90: Cheaper fuel costs will offer some help for the economy. Latest gas prices due out later today.
"Cars 2" has good opening: The Pixar sequel got poor reviews, but moviegoers didn't seem to mind - the film grossed a higher-than-expected $68 million in its opening weekend. (THR)
LAX traffic increases: More than 5.4 million travelers passed through the airport in May, up 10.5 percent from a year earlier. Year to date, traffic is up 5.3 percent from 2010. (Daily Breeze)
Ontario traffic down: Number of passengers fell 5.8 percent last month. Year to date, traffic is down almost 2 percent. (Press-Enterprise)
Get ready for those political ads: A record-setting $4 billion will be spent in 2012, according to research firm Washington Analysis, up from $3.2 billion in 2010 and $2.6 billion in 2008. (Deadline.com)
Football selling tonight: Anschutz Entertainment will be pushing its downtown stadium proposal at a town hall meeting in Mar Vista. On hand will be City Councilman Bill Rosendahl. (Daily Breeze)
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.