LABJ WEEKLY EDITION
energy: Urban site may close despite corrections by AllenCo.
Oil field operator fears unfounded fracking allegations could force it to shutter the urban site.
Rightscorp enlists Internet service providers to pull the plug on users of illegal TV- and movie-sharing sites.
MANUFACTURING: Smaller player Astrophysics aims to expands sales by 50 percent.
Astrophysics battles bigger rivals to lock down a piece of the security screening market.
MEDIA: New York’s RNN opens L.A. outpost to land new media customers.
New York news producer looks to channel content to new media businesses.
ACQUISITION: Future of Wedbush Bank in question amid Grandpoint deal.
Wedbush Bank, a savings and loan owned by securities brokerage Wedbush Inc., is selling its loans and deposits to Grandpoint Bank.
PUBLISHING: Lang parent Digital First reportedly looking to cut costs.
Is the Los Angeles News Group about to go on the market as part of its parent company’s sale?
DINING: Chef Richard Petty to serve up Southern cuisine at legendary music venue.
Chef Richard Petty plans to bring a Southern-style dining experience to a South L.A. site once known as a venue for jazz legends Duke Ellington, Count Basie and Ella Fitzgerald.
Last week’s major news from labusinessjournal.com and other sources
The U.S. Senate confirmed Maria Contreras-Sweet, co-founder of Los Angeles community bank ProAmerica Bank, to head the Small Business Administration.
Upcoming calendar of events
Upcoming local conventions
LEASE: Social media giant sheds temporary outpost, signs up for five years.
Another major Silicon Valley company is getting serious about Silicon Beach.
Ruben Guerra backs legislation that would let motorists steer the collection of and access to car data.
The city of Los Angeles is considering a proposal to ban fracking while the safety of the practice is researched.
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 needs to get to work on job creation, according to Edward E. Leamer and Judy D. Olian.
Stir’s self-adjusting desk raises, lowers for worker comfort.
Stir’s self-adjusting motorized desk aims to level out employee comfort.
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.
Lucid hopes to help industry chill out with its own relaxing brew.
Lucid believes it has relaxation in the bag with its new tea.
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.
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.
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.
INVESTMENT: Firm alleges ex-contractor denting business.
Firm that sells gold to IRAs sues former contractors in a growing but still fringe industry.
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.
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.
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.
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.