The week-old strike at the ports of Los Angeles and Long Beach is over. L.A. Mayor Antonio Villaraigosa announced the deal late last night. The agreement came shortly after both sides agreed to work with a federal mediator. The strike shut down the nation’s largest cargo-shipping complex for eight days and cost the local economy billions of dollars.

The so-called “fiscal cliff” is likely to be a topic of discussion today when President Obama meets with business leaders.

Riverside Mayor Ron Loveridge is stepping down after five terms. More than 300 people attended a retirement celebration at the Fox theater yesterday. Loveridge plans on returning to UC Riverside to teach political science. Mayor-elect Rusty Bailey takes office next Tuesday.

A new study suggests that if people drink, they probably should not smoke at the same time. Researchers say people who smoke when they drink are candidates for more intense hangovers.

Actor Frankie Muniz is confirming that he recently suffered a “mini stroke.” The “Malcolm In The Middle” star tweeted that he was in the hospital last Friday . Muniz turns 27 today.

And Forbes has named Eddie Murphy as the most overpaid actor in Hollywood with his movies retruning only $2.30 for every dollar he is paid.