Wednesday morning headlines

Stocks inching higher: The earnings news is a little brighter, thanks to Boeing lifting its full-year outlook. Dow is up 30 points.

Facebook up sharply: As in almost 22 percent this morning (though the stock is still under $24 a share). The company did well in mobile ads last quarter and that has some analysts encouraged. (Reuters)

Gas update: L.A. area prices fell another four cents overnight. An average gallon is $4.403, according to the Auto Club, which is 30 cents lower than the record-high earlier this month.

Jump in new-home sales: The increase was 5.7 percent in September as sales reached their highest level in nearly 2-1/2 years. (Reuters)

Do voters know Proposition 30?: Gov. Brown says many do not, which is one of his big challenges in raising support for the tax-raising measure. From the San Jose Mercury News:

Brown said voters have never faced "such a stark choice" as they do with Proposition 30, which would provide $6 billion annually to the state and avert $5.4 billion in cuts to schools and community colleges and another $250 million each to the University of California and California State University. "If you vote yes, you get billions into schools, or you vote no and you can yank billions out of schools and jack up tuition," the governor said in a telephone interview with this newspaper. "It's an either/or simple matter of arithmetic with monumental consequences for the whole state."

Karmazin to step down: The resignation of the Sirius CEO comes as Liberty Media, the satellite radio company's largest shareholder, is about to take over. (LAT)

World Series: The Giants and Tigers square off tonight in Game 1. Ratings wise, Fox can only hope for close games - the SF and Detroit media markets are not huge.

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 stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

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
LA Observed on Twitter and Facebook