Los Angeles Business Journal

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Star Shine

Reality show gets ritzy pawnshop out of hock

Pawnshop owner Yossi Dina credits his reality TV show with extending the shelf life of his business.

PizzaRev Announces Expansion Plans

PizzaRev plans to open seven franchises in St. Louis, Mo. and Austin, Texas over the next two years, the Westlake Village fast casual pizza chain said.

Edison Mission Bankruptcy Plan Approved

Edison International said Tuesday that a bankruptcy judge in Chicago has approved the sale of most assets of one of its units to a New Jersey electric utility.

Profit Rises at Korn/Ferry

Shares of Korn/Ferry International rose more than 13 percent in Friday, a day after the staffing giant reported fiscal third-quarter profit that was significantly better than analysts expected.

General Finance Buys Texas Tank Storage Company

General Finance Corp. has expanded its capabilities in the liquid containment storage industry by signing an agreement to acquire Texas tank operator Lone Star.

Cemetery Settles Class-Action Suit for $35 Million

Eden Memorial Park in Mission Hills has settled a class-action lawsuit for $35 million that accused it of digging up and dumping remains in order to reuse burial sites – though when all costs are included the total could reach $80 million, according to media reports on Friday.

Air Lease Profit Beats Wall Street Forecasts

Shares of Air Lease Corp. climbed in after-hours trading Thursday after the aircraft leasing company reported better-than-expected fourth quarter earnings and revenue.

Platinum Equity Sells Portfolio Company

Platinum Equity on Thursday said it completed the sale of fleet equipment rental company Nesco to an affiliate of Energy Capital Partners.

UTi Worldwide Breaches Debt Covenants

Shares of UTi Worldwide Inc. sank nearly 30 percent Wednesday after the logistics company said it had breached debt covenants and expected to report a fourth quarter loss.

DineEquity Quarter Better Than Expected

DineEquity Inc. reported fourth quarter earnings on Wednesday in line with analysts’ estimates, but announced the departure of an executive at its Applebee’s chain, which saw same-store sales fall.

Earnings Roundup: Edison, Tutor Perini

Edison International moved to a profit in the fourth quarter as the company nears completion of the sale of its money-losing power-generation unit.

Losses Narrow for Live Nation

Live Nation Entertainment Inc. on Monday reported a smaller fourth-quarter operating loss as revenue from concerts and other business segments offset lower revenue at its Artist Nation management business.

ReachLocal Releases Open-Source Code for Apps

ReachLocal Inc. on Monday released open-source software code that it said should help other developers create cross-platform mobile apps.

HandsOn3 to Acquire Dallas Firm

HandsOn3 on Monday said that one of its affiliated funds has signed an agreement to acquire BancTec Inc., a Dallas firm that provides financial transaction automation and document management services to companies.

Blackstone Foundation Makes Entrepreneurship Grants

The Blackstone Charitable Foundation on Friday announced it was making a $3.5 million grant to three local universities to set up an entrepreneur support program.