Welcome to California Inc. , the weekly newsletter of the Los Angeles Times Business Section. I’m Business columnist David Lazarus , and here’s a rundown of stories coming up this week and the highlights of last week. The week ended on a high note when the Bureau of Labor Statistics announced that employers across a broad spectrum of industries added a net 271,000 new jobs in October — far more than most analysts had forecast. Wall Street types say this increases the likelihood of a rate hike by the Federal Reserve next month. The 5% unemployment rate is the lowest in seven years. Looking Ahead Bank-a-palooza: The annual convention of the American Bankers Assn., the nation’s main banking trade group, gets going in earnest Monday morning in downtown Los Angeles. Bankers from across the country will be here to talk about bitcoin, cybersecurity and other issues. They’ll also hear from Richard Cordray, director of the Consumer Financial Protection Bureau, and from Jay Leno, who closes out the event Tuesday afternoon. The shindig takes place at the JW Marriott Hotel at L.A. Live. NFL meeting: On Wednesday representatives from St. Louis, San Diego and Oakland will try to convince the National Football League not to move their teams to Los Angeles. The St. Louis Rams, San Diego Chargers and Oakland Raiders are all considering a relocation to the Los Angeles market. The cities will give presentations to a joint gathering of the NFL’s Los Angeles, stadium, and finance committees in New York. The current plan calls for a vote of NFL owners on the subject in January. Short film: The weeklong movie festival AFI Fest will conclude in Los Angeles on Thursday with the world premiere of "The Big Short," the real-life story of four Wall Street outsiders who bet […]
