California Inc.: State's minimum wage rising to $10.50 an hour

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. Many of us are off this week and hitting the road. Happily, the average price of self-serve regular gas in the Los Angeles-Long Beach area is at the lowest level in eight years. Pump prices in the region are down nearly $2 a gallon from the all-time highs reached in October 2012, when refinery outages and heightened fears of lower supplies in California sent prices soaring. Changes at the top: At least eight companies will be getting new chief executives this coming weekend.