Friday morning headlines

Stocks fall: More worries about Greece and only a so-so jobs report. Dow is down 160 points.

Sluggish employment growth: See post below. I'll have more later.

Groupon opens sharply higher In its first few minutes as a public company, shares were trading at nearly $30, up from the $20 IPO price. There's lots of skepticism, however. (WSJ)

McCourt leaving town?: Divorce settlement has Jamie keeping four homes - two in Malibu, one in Holmby Hills, and one in Vail, Colo. - while Frank keeps two homes in Massachusetts. (LAT)

Jan Perry resigns from leadership post: She's not happy about behind-the-scenes maneuvering over redistricting and who will take over the council presidency once Eric Garcetti steps down. (LAT)

No more Sunset 5: Laemmle Theatres couldn't come to terms on a lease renewal, but Robert Redford's Sundance Cinemas will take over the five-screen complex in West Hollywood. The place will close for renovations in December and reopen next spring. (LAT)

Steve Job bio huge hit: What a surprise, right? The authorized biography of the late Apple CEO has sold 383,000 copies since its release on Oct. 24. (NY Post)

Gas prices stay steady: An average gallon in the L.A. area is $3.869, about what it was last week, according to the Auto Club.

Expect less Thanksgiving travel: High-priced tickets and a sluggish economy may mean 37,000 fewer passengers a day, a decline of about 2 percent from last year. (Bloomberg)

"Funny Girl" put on hold: A weak economy has made it difficult to raise money for the revival, which was set to open in early 2012 at the Ahmanson Theatre before moving to Broadway. (LAT)

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?
Recent Economy stories:
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Exit interview with Port of L.A.'s executive director
L.A. developers relying on foreign investors bend a few rules
Holiday shopping: On your marks, get set... spend!

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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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