Los Angeles Business Journal

LABJ WEEKLY EDITION

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Learning By Degrees

Finance: Executives value relationships, experience over big-name business schools.

Finance: Local executives share how relationships and experience paid off more than a big-school business diploma.

Wall Street Doesn’t Cotton to Poor Denim Sales

Fashion: Guess shares fall; CEO admits latest dresses, jeans unseemly.

Fashion: Denim maker sows trouble on Wall Street after its latest dresses and jeans fail to find fans.

Feds Charge Disbarred L.A. Attorney with Fraud

Law: Justin M. Lee allegedly bilked applicants to EB-5 visa program for millions.

Law: Federal agencies move on local attorney for allegedly exploiting immigration program for millions of dollars.

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Picture This: Paid Assistant to Snap Your Shots

Travel: Bruvion’s service for vacation photographers costs clients $500 a day.

Travel: Bruvion develops picture-taking service where clients pay photographers to join them on vacation.

Women’s Clothing Makers Man Up With New Lines

Apparel: Clover Canyon among local businesses moving into male market.

Apparel: Women-focused clothing companies are looking to fashion new business out of men’s lines.

New Massage Apps Hope to Rub Users Right Way

Technology: Pair of businesses help customers order in therapists.

It’s becoming a lot easier to get a professional massage in Los Angeles.

News of the Week

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

A three-judge panel of the Ninth Circuit Court of Appeals has ruled that a class-action lawsuit involving 800 Allstate Insurance Co. employees in California may move forward.

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On Move

Boingo Wireless Chief Executive David Hagan has real connection with racing vintage cars.

Interview: Boingo Wireless’ David Hagan likes to disconnect from running mobile networks by racing cars.

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Calendar of Events

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Conventions

Hotel Developer Welcomes Hospitality Tenant

Real Estate: DDR reaches deal for Hyatt to handle future property in Pasadena.

A developer with plans to build a hotel on the site of what used to be a Macy’s department store at the Paseo Colorado retail center in Pasadena has signed a major hospitality tenant in advance of construction.

Tall Order

Fashion: Greenberg Glusker’s Jonathan Fitzgarrald goes to great lengths to keep his 6-foot-7-inch frame in tailor-made suits.

On the Job at SBA

Lending: Small Business Administration’s Maria Contreras-Sweet shares how her agency works to bolster employers.

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Different Tune

Your Music gives crowdfunders slice of song profits

Your Music cues up a new model for crowdfunding artists offering a slice of profits for small investors.

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Internet Clicks With Low Rates

TAXES: Online business execs fear return of high levies in L.A.

Internet businesses say they rate getting to stay at a lower level of the gross receipts levy.

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Electric Vehicles’ Latest Breakdown

AUTOMOTIVE: Debt-dragging Enova hopes for reverse merger.

Current problems could mean the end of the road for electric drive-train maker Enova Systems.

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Cards Swipe Market From Big Stars

FINANCE: Card.com bases debit business around lesser brand names.

Card.com’s debit cards sporting lesser brands are flat-out beating rival offerings tied to bigger names.

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Treat Makers Sweet On New Space

Sugar lab lets trio of tenants get creative with confections.

B&K Sugar Arts Lab’s resident treat makers tout their chemistry at a shared space.

Grocer Gets In Bed With Breakfast

Fresh & Easy adds morning fare to draw more customers.

Fresh & Easy looks to wake up sales by offering breakfast items.

Text Exec Sends Message

Dez White, founder of free ephemeral messaging app Invisible Text, is excited to head to New York this month to kick off her work with the Clinton Global Initiative.

Regional Report

Moonshark, a Century City developer of mobile entertainment apps, has been acquired by Hitcents, a Bowling Green, Ky., mobile game studio.

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Cleaning Up

LAUNDRY: Wash Multifamily expands coin-operated business into Pacific Northwest, Alaska through pair of acquisitions.

Coin-operated machine business Wash cleans up by expanding into the Pacific Northwest and Alaska.

Drug Developer Turns Page With Published Trial

BIOTECH: Findings for cancer treatment send shares of Kite soaring.

Investors are high on Kite Pharma after the results of its drug trial are published in a medical journal.

Design Firm Sees Gas Stations as Creative Fuel

architecture: Built teams with nightlife maven to renovate 76 property.

Design firm and nightlife impresario look to pump up gas station’s sales with nautical makeover.

Plane Maker to Wing Way to New City, Incentives

AVIATION: Icon chooses Vacaville to consolidate HQ, manufacturing facility.

Light sport aircraft maker Icon takes off for Vacaville and the city’s business incentives.

Juice Maker Pursues Rivals Fresh Off of Court Victory

BEVERAGES: Ex-lawyer for Roll Global says lawsuits business as usual.

U.S. Supreme Court ruling spurs POM to put squeeze on rivals with lawsuits.