Los Angeles Business Journal

LABJ WEEKLY EDITION

Music Exec Folds In New Venture

Russell Simmons hopes to get people bent into shape with yoga studio Tantris.

Music giant Russell Simmons has thrown a twist into his business portfolio with yoga studio Tantris.

Studio Plunges Into Streaming

Lions Gate doubles down in space with pair of deals to launch platform, TV store.

Lions Gate dives into streaming with Univision and Vimeo projects.

Reason for Lawyer’s Rhymes

The legal profession is not typically viewed as fertile territory for poetic interrogatories.

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A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

FINANCE: Congress mulls pulling plug on visas tied to foreigners’ investments.

A controversial federal program that rewards foreign investors with visas in exchange for investments in economically depressed areas is set to expire at the end of the month if Congress doesn’t intervene.

Auction House Sees Lots of Advantages in IPO

ART: Investment could lift Carlyle’s business but firm faces online sales risks.

Auctioneer Carlyle Galleries International is bidding on going public to boost its business prospects.

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Bankrupt Shipping Line in Fight Over Fuel Bill

TRADE: Federal marshals arrest Hanjin cargo ship as creditors pursue payment.

U.S. marshals placed hold on Hanjin ship over bankrupt company’s fuel bill.

News Site Dials Up Digital Content

MEDIA: TakePart.com sees bigger role to play under Jeff Skoll’s Participant.

Jeff Skoll’s TakePart plans more content to differentiate the activist news site from parent Participant.

Ad Technology Could Join Fold At Paper Parent

Idea of owning ad technology firm clicks with Los Angeles Times owner tronc.

Postproduction House’s Founder Calls for Action

ENTERTAINMENT: Fall of Modern Videofilm pitched as sabotage by hedge fund.

Founder of Modern Videofilm frames the postpoduction firm’s collapse as a hedge fund scheme.

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Business District Eyes Alleys to Field Green Space

DEVELOPMENT: Project seeks to generate room for gatherings in South Park.

South Park, home to just a couple of small parks, is rich with construction but poor on green space.

L.A. Chamber: Yes on Tobacco Tax; No on Pot

POLITICS: Organization neutral on keeping higher levy rates on high income.

The Los Angeles Area Chamber of Commerce this month took positions on several measures on the November ballot, most notably in support of a tobacco tax but opposing marijuana legalization.

Security Systems Maker Locks Up Industry Peer with $269 Million Deal

X-ray system manufacturer OSI Systems Inc. completed its $269 million, all-cash purchase of American Science and Engineering Inc. on Sept. 12.

SPECIAL REPORT: Grouped Together

Ad agency CrowdfundX has created space online through social media outreach to unaccredited investors.

CrowdfundX helps clients get friendly with financial backers through social media campaigns.

Calendar

Calendar of events

Conventions

Upcoming conventions

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Brokerage Sells Another Vet Exec on Relocating

EMPLOYMENT: Brad Feld latest score in Newmark’s stretch of power pickups.

Newmark Grubb Knight Frank has nabbed another power broker.

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Dead in the Water

The bankruptcy of Hanjin Shipping may seem like an isolated event, but expect it to have a major impact on the economy.

Working on Small Business

City of L.A. launches online tool to help entrepreneurs get started

Los Angeles Mayor Eric Garcetti touts new online tool to jump-start new businesses.

Working on Small Business

Latino Democrats may take lead in pushing positive state policies

Moderate Latino Democrats are ready to speak out on California’s regulations and taxes, writes Hector Barreto.

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Firm Offers Cut Suits as Real Plus to Medical Training

HEALTH CARE: Firm offers Cut Suits as real plus to medical training.

Cedars-Sinai helps medical staff make the cuts with the use of lifelike educational body suits.

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Pot Investors Try to Get Jump on Budding Market

MARIJUANA: Recreational use could spark range of ventures.

The prospect of legal recreational pot has lit a fire under some investors.

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Cities Mull Means to Smoke Out Tax Revenue From Recreational Weed

Measure offers two streams: state fund for law enforcement as well as additional local business levies

Some local cities are looking to potential pot taxes to blunt lingering budget deficits.

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Sinking Shipper Receives Bailout

Parent plans to sink $90 million into bankrupt Hanjin to get cargo moving at ports.

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Solar Costs Feeling Heat

Rayton may have a hot ticket for the solar industry with its tech to lower panel production costs.

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Cocktail Offers Taste of Luxury

Restaurant taps rare rum in whipping up mai tai that will set you back $26.

Restaurant Here’s Looking at You has uncorked a $26 mai tai reliant on rare rum.

Survey Maps Out Business Cities

Brand, livability help land Los Angeles at No. 13; top performer remains London.

Study of globe’s top business cities puts Los Angeles on the map at No. 13 out of 30.