Los Angeles Business Journal


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L.A. Launch List: Nov. 26

On this week's Launch List: coding for children, social shopping and KDAY's new heyday.

More Cargo, Passengers at LAX

Los Angeles International Airport continued its growth streak last month, reporting solid gains in both passengers and cargo over October 2013, according to figures released Wednesday.

Stocks Rise

The Dow Jones industrial average rose 13 points in Wednesday trading to close at 17,828. The S&P 500 rose six points to 2,073. The Nasdaq rose 29 points to 4,787. The LABJ Stock Index rose one point to 217.

Boingo Inks $50 Million Credit Agreement

Westwood Internet service provider Boingo has finalized a $50 million credit agreement with Bank of America Merrill Lynch and Silicon Valley Bank.

Poll: Have you gambled at any of the Los Angeles County card clubs?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

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Work/Life Balance: John Edwards

The president of Raw Inspiration on swimming, spy novels, and refusing to work in an office.

John Edwards was raised on his family’s farm in England. After spending a decade in the advertising business, then producing several documentaries, he returned to his first love: farming. Since 1998, Edwards has been president of the organization Raw Inspiration Inc. and the company California Certified Farmers Markets, which collectively run more than 20 markets in Southern California. He’s also working with developer Saeed Farkhondehpour to develop the retail portion of the $125 million Medallion project in downtown Los Angeles. It’s called The Market, and Edwards has been working to reel in chef-driven restaurants, artisans, lifestyle retail and vendors for a twice-a-week farmers market. We spoke with Edwards about his food-centric lifestyle and how he makes time for the things he cares about.

KDAY Has a New Digital Groove

The "back-in-the-day" hip-hop radio station steps out of the digital Dark Ages.

Kinkisharyo to Keep Jobs in L.A. County

Kinkisharyo International reached an agreement on Tuesday with labor and community groups that will keep light rail manufacturing jobs in Palmdale and not take them out of state.

Disney’s ‘Frozen’ Dolls Displace Barbie as Top Gift Choice

Shoppers polled for the National Retail Federation’s annual Holiday Top Toys Survey have chosen dolls from Walt Disney Co.’s “Frozen” as their top gift choice for girls. It marks the first time in 11 years that Mattel Inc.’s Barbie doll did not take the top spot.

Markets Mixed

The Dow Jones industrial average fell three points in Tuesday trading to close at 17,815. The S&P 500 fell two points to 2,067. The Nasdaq rose three points to 4,758. The LABJ Stock Index was flat at 216.

Caruso Closes on Sale of Palisades Site

Billionaire developer Rick Caruso announced Tuesday that his real estate company, Caruso Affiliated, has completed the purchase of a portfolio of retail properties in Pacific Palisades along Swarthmore Avenue.

Montebello Man Sentenced to Three Years for Medicare Fraud

A physician’s assistant was sentenced Monday to three years in federal prison for defrauding Medicare out of millions of dollars by signing fraudulent prescriptions and other medical documents while working at two separate medical clinics in the Los Angeles area.

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StyleHaul’s Stephanie Horbaczewski Talks Acquisition, E-Commerce and Garcetti

StyleHaul’s fast-talking chief executive chatted with the Business Journal about her investor-turned-buyer, whether a StyleHaul lipstick might be in store and a special phone call she received from Los Angeles Mayor Eric Garcetti.

Amgen Halts Cancer Drug Trials After Deaths

Amgen Inc. announced on Monday it has ended two clinical studies on an experimental cancer drug after a preliminary review showed increased deaths among one group of patients.

Tutor Perini and Partners Get Big Dig Settlement

Tutor Perini Corp. and two joint venture partners have reached a $88.7 million settlement with the state of Massachusetts over litigation on the “Big Dig” project through central Boston.

Acquisition Pumps Up Nutrition Bar Maker

Nellson Nutraceutical, an Irwindale nutrition bar and powder maker, plans to acquire Le Groupe Multibar Inc., a Montreal-based manufacturer of nutritional and snack bars, Nellson announced Monday.

Stocks Rise

The Dow Jones industrial average rose eight points in Monday trading to close at 17,818. The S&P 500 rose six points to 2,069. The Nasdaq rose 42 points to 4,755. The LABJ Stock Index rose two points to 215.

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USC Releases Campus Safety App

The app includes features such as push calls to DPS or 911, anonymous reporting of crimes and a “safewalk” function that lets students track their friends as they head home.

Disney Expands Partnership with Shanghai Media Group

Walt Disney Co. has expanded its partnership with Shanghai Media Group to create content for the Chinese market, the company announced Friday.

Macerich, Kite Pharma Among Week’s Big Gainers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose almost 1 percent to close at 214. Losers just outpaced gainers 80 to 74. Six companies closed the week unchanged.