Los Angeles Business Journal

LABJ WEEKLY EDITION

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Twitter Wings Way to New Santa Monica Space

LEASE: Social media giant sheds temporary outpost, signs up for five years.

Another major Silicon Valley company is getting serious about Silicon Beach.

Drivers Deserve Break on Data

Ruben Guerra backs legislation that would let motorists steer the collection of and access to car data.

A Fracking Problem?

The city of Los Angeles is considering a proposal to ban fracking while the safety of the practice is researched.

Front and Center

L.A.’s downtown has everything in place to maintain its resurgence except, perhaps, parking.

Parking could be a central issue to reviving L.A.’s city center, writes Robert Cohen.

Los Angeles Has Work to Do on Job Creation

OP-ED

Los Angeles needs to get to work on job creation, according to Edward E. Leamer and Judy D. Olian.

Easing Workplace Ups, Downs

Stir’s self-adjusting desk raises, lowers for worker comfort.

Stir’s self-adjusting motorized desk aims to level out employee comfort.

Pet Project For Dog, Cat Foundation

Found Animals opens e-commerce site to help pay for adoptions.

Found Animals Foundation unleashes an e-commerce site to help cover cost of adoptions.

Fitting PR Firm To a Tea

Lucid hopes to help industry chill out with its own relaxing brew.

Lucid believes it has relaxation in the bag with its new tea.

Father, Son Mark 11th Diamond Anniversary

Ross Goldberg remembers what his father told him 11 years ago when he asked if he’d join him again on opening day at Dodger Stadium.

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Spillover Feared in Fracking Ban

ENERGY: Industry sees city of L.A. proposal closing other wells.

Oil companies fear a city of L.A. proposal to halt fracking would spill over to other drilling practices.

Century Plaza Partners Shuffle

REAL ESTATE: Hines to buy major stake in record valuation.

Co-owners of Century Park to shift their stakes in a deal that would yield a record valuation.

IRA Gold Rush Stirs Claim Jump

INVESTMENT: Firm alleges ex-contractor denting business.

Firm that sells gold to IRAs sues former contractors in a growing but still fringe industry.

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Hat in Ring

Former TV exec weighs into boxing promotion

Former TV syndication exec Michael King looks to ring up dollars and TV deals as a boxing promoter.

Regional Report

News and notes from communities across Los Angeles County

Cinedigm Corp., a Century City film and TV distributor, has closed an underwritten public offering of about 11.7 million shares of Class A common stock.

Homed In

lending: Hard-money lenders welcome pricey property projects as supply of low-end homes dwindles.

Hard-money financiers move into the high-price home market as the low-end housing pool dries up.

Drink Maker’s Annual Report Tough to Stomach

BEVERAGES: Shares of Reed’s fall on widened net loss, dip in working capital.

Drink maker Reed’s loses some of its fizz on Wall Street after a poor annual report.

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Music Streaming Service Cues Up Revenue Plan

INTERNET: Plug.dj says money not focus as it seeks to navigate rights issues.

Music streaming service Plug.dj sounds out a revenue model it’s works to get a handle on rights issues.

Additional Stock Float Sinking Fashion Company

CLOTHING: Price plunges after American Apparel’s dilutive share offering.

American Apparel stitches together a stock offering as company appears to hang by a thread.

Case Maker Handles Sales Surge From Biopharma

MANUFACTURING: Recent U.K. acquisition expands Pelican’s presence in sector.

Case maker Pelican secures new markets as its government business ebbs.

All-Electric Satellite Project Builds Positive Buzz

AEROSPACE: Boeing says deals came quickly for its more efficient products.

Boeing Co. announced last week that it has completed the primary structures of the world’s first pair of all-electric satellites, which are expected to be delivered late this year or early next.

Former Law Students Seek to Forge Online Links

INTERNET: Duo launches website to help customers connect with attorneys.

Michael Chasin and Aaron George were fellow students at Loyola Law School when they took a look at the industry they were about to enter and noticed a problem.

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USC Medical Center Doubles Up in Downtown

TREATMENT: Keck sees patient volume soar after move closer to L.A. Live.

Hotels and nightlife venues aren’t the only establishments finding success by being near L.A. Live.

News of the Week

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

NEW BOSS: Ben Sherwood, who had been president of ABC News since late 2010, was named the next president of Disney/ABC Television Group and co-chairman of Disney Media Networks.

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