Los Angeles Business Journal

LABJ WEEKLY EDITION

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‘Baywatch’ Eyes Splash in China

TV: Producer looks to revive lifeguards for hungry market.

Producer looks to ride wave of Chinese interest in Hollywood with remake of “Baywatch.”

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Oil Firm’s Stock Trapped in Hole

ENERGY: Price hedge can’t buoy BreitBurn in sinking sector.

Price hedge fails to power up shares of oil and gas company BreitBurn.

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Online Ads Not Looking So Good

INTERNET: Industry steps up to track, counter fraudulent views.

Fraudulent ad views spur online publishers and their clients to take another look at how audiences are measured.

Mover Looks To Feast With Grocery

Buddytruk hooks up with Whole Foods to deliver more business.

Buddytruk looks to load up on customers by partnering with the Whole Foods grocery chain.

China Firm Plans To Light Up L.A.

Igoo hopes opening ‘smartlamp’ shop proves bright idea.

Chinese company Igoo hopes Angelenos take a shine to its Bluetooth-enabled “smartlamp.”

Have Child, Will Travel

Being a new dad to a crying baby can be tough. But Erik Evens and his wife, Robin Lee, found a way to cope when their daughter was born six years ago.

Regional Report

News and notes from communities across Los Angeles County

CallFire Inc., a Santa Monica provider of cloud phone and text services, has acquired FireText, a U.K. text-message marketing firm.

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Tall Order

DEVELOPMENT: Company behind high-rise project hopes to move forward with help from state environmental designation.

Mixed-use tower project stands tall against opposition with help from state environmental designation.

Security Firm Hopes for Boom in Bomb Detection

TECHNOLOGY: Rapiscan looks to expand system to commercial customers.

Rapiscan hopes for explosive growth by pursuing new customers for its bomb-detection system.

Video Service Helps Make Cases With Attorneys

LAW: Evaluator system aims to streamline submission process for potential clients.

Bill Kerbox’s service lets potential clients court attorneys through video submissions.

Diversified Investor Puts Money Into Ailing Bank

LENDING: Alex Meruelo to take control of NCAL despite scrutiny over payday loans.

Alex Meruelo further diversifies eclectic portfolio with deal for controlling stake in NCAL Bancorp.

Logistics Firm Headed Wrong Way for Investors

shipping: CEO’s exodus latest setback for falling stock of UTi Worldwide.

Logistics firm UTi Worldwide loses more ground on Wall Street after sales talk goes nowhere.

Online Video Network’s Focus Expands to India

INTERNET: Fullscreen teams with Qyuki to connect with country’s millennials.

Online video network Fullscreen looks to channel more overseas viewers with Indian partnership.

Meal Ordering System Adds Review Site to Plate

INTERNET: ChowNow joins with Yelp to drive more orders to restaurant clients.

The menu is getting larger for clients of Venice’s ChowNow, an online ordering system and marketing platform for restaurants.

Small Business Seeks Bigger Piece of County’s Pie

CONTRACTING: Sector gets less than 1 percent of deals; 25 percent sought.

It’s an embarrassing statistic: In the small-business capital of the nation, less than one half of 1 percent of all Los Angeles County contracts and purchase orders go to small businesses.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

Glendale’s DreamWorks Animation SKG Inc. will soon fill TV screens in 19 Asian territories with Kung Fu Pandas and kindhearted green monsters.

calendar

Upcoming local events.

conventions

Upcoming local conventions

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Special Report Banking & Finance: Driving Interest

Investors tired of spinning their wheels in pursuit of returns have turned to packaged securities of auto loans, some even made to the riskiest borrowers.

Hunt for returns drives lenders and investors to portfolios of auto loans, some to subprime borrowers.

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Cars Hit Road With Cheap Leases, Easy Credit

Easy credit and low lease rates boost traffic at car dealerships.

Ridesharing Firm Picks Up Santa Monica Space

LEASE: Uber adds second location in city with deal valued at $28.8 million.

Despite a deluge of bad publicity in recent months, San Francisco ridesharing company Uber Technologies Inc. has decided to put down deeper stakes in Silicon Beach.

On the Wrong Road

Angelenos can expect more traffic and higher rents, Charles Crumpley writes. Also, he pines for the good old days of….Frank McCourt?

Vaping Up In Smoke?

As vaping becomes more popular, vendors are facing increased competition and the possibility of government restrictions of the practice. So the Business Journal asks:

Do you think vaping should be banned from public spaces?

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Up in the Air

Vaping vendors fear city bans could snuff out business

E-cigarette vendors see city restrictions as the biggest threat to snuffing out the smoking sector.

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Will NFL Team Link to Carson?

SPORTS: County golf course joins potential stadium sites.

Carson park and golf course could join field of stadium candidates looking to score a pro football team.

Oxy’s Spinoff Opens Wobbly

ENERGY: California Resources’ stock value in tough state early.

Oil and natural gas producer California Resources Corp. quickly loses ground in its first days of trading.