Kenneth W. Marzion was named Monday as interim chief executive officer of the California Public Employes' Retirement System.

The California State Teachers' Retirement System said Monday it intends to award contracts to three investment management firms that will implement a developing manager program in its fixed-income portfolio.

Paul Allen has sold about 1.2 million shares of DreamWorks Animation SKG Inc. worth $35 million, according to a filing with the Securities and Exchange Commission. (DWA) (SBUX)

IndyMac Bancorp Inc. posted a first-quarter loss on Monday, with a message from Chairman and CEO Michael Perry that the company won't return to profitability until "the current decline in home prices decelerates." (IMB)

Pittsburgh software provider LogicLibrary has been acquired by SOA Software, a developer of enterprise software and tools.

Clear Channel Communications Inc. officials say pending legal proceedings in Bexar County District Court related to the pending acquisition of the company by a private equity group have been postponed until May 13. (CCU)

Hoping to start its first service to the Midwest, Virgin America Inc. will seek federal approval to fly to Chicago later this year.

Calpine Corp. Monday reported a first-quarter net loss of $214 million, or 44 cents a share, narrowing from a net loss of $459 million, or 96 cents a share, a year ago. (CPN)

LaBarge Inc. was awarded a $12 million contract from Northrop Grumman Corp. to provide electronic subsystems for its MESA (Multi-role Electronically Scanned Array) radar system. (NOC)

Virgin Media, the U.K.'s biggest cable company, posted its 11th consecutive quarterly loss for its first fiscal quarter of 2008.

Get set for L.A. Screenings: Part Deux. So sparse are TV pilots for the annual influx of foreign program buyers this week that the studios are mulling the idea of organizing special screening events around the world in the summer

The broadcast networks cumulatively are drawing 7 million fewer viewers a night in primetime during the May sweep than the November sweep, but media buyers said they do not believe the heavy make-good situation being created will negatively impact the

Jay A. Fernandez, who has written the Los Angeles Times' weekly Scriptland column about screenwriters since September 2006, has joined The Hollywood Reporter as a film reporter, editor Elizabeth Guider said.

Clear Channel Communications posted a first-quarter profit that soared past last year's results, courtesy of some asset sales, though the company offered little in the way of an update on a pending $19 billion deal to be taken private.

AFTRA and the Alliance of Motion Picture & Television Producers will return to the bargaining table Monday for their fourth day of negotiations after taking the Mother's Day weekend off.

Blockbuster, with backing from some wealthy interested parties, has convinced Circuit City to open its books so that the video rental chain can determine whether it should acquire the consumer electronics retailer.

News Corp. has withdrawn its $580 million bid for the Tribune Co.'s Long Island newspaper Newsday, leaving Cablevision Systems as the lead bidder.

Which countries have the most troublesome trade barriers against U.S. filmed entertainment?