Los Angeles Business Journal


Song May Not Be Over for Singing Competition

TV: Producer Simon Fuller could see cueing up new take on ‘American Idol.’

‘American Idol” might have ended, but its creator is already planning to bring the show back.

Music Center Cast in New Lights in Late Night

ENTERTAINMENT: Venue’s ‘Sleepless’ event mixes up DJs, dance parties, videos.

Music lovers lounging in bean bags, watching an abstract light show against the backdrop of thumping music might sound like the scene at a super-secret party, but it’s actually taking place at downtown L.A.’s Music Center.

Lender Sees Media, Entertainment as Next Stage

EXPANSION: Opus casts sector vet Jeffrey Zaks in new division’s lead role.

Opus Bank is going Hollywood.

‘Jedis’ May Prove Positive Force for City of L.A.

DEVELOPMENT: Council looking at plan to create business incentive zones.

Will the force be strong for business in Los Angeles?

Wireless Provider Gets Line on Content with $160 Million Investment

Verizon Communications Inc., determined to hold off rivals and maintain its position as the largest wireless provider in the United States, has placed a big bet on millennial-focused content production.


Calendar of events


Upcoming conventions

Auto Dealership Site Picked Up for Lot of Money

ACQUISITION: Square-foot price underlines strength of market in South Park.

In downtown L.A.’s South Park, sites with potential come with large price tags, as the area’s latest big-money deal illustrates.

Pivot to Profit

INTERNET: EHarmony joins Tinder in matchmaking space for job seekers, employers.

Operators of dating sites eHarmony and Tinder check out match-making services for job hunters and employers.

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Pivot to Profit

FINANCE: Green Dot puts money on new debit cards to offset loss of scrapped line.

Debit card pioneer Green Dot stacks its deck with new offerings after fraud scams scuttled a profitable product.

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Eatery Owner Game for Retail

Maire Byrne adds to her ownership plate by opening toy store Quinnie & B.

Restaurateur Maire Byrne makes a play for another sector with her new toyshop, Quinnie & B.

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Rear-Shaping Jeans Maker to Butt Into New Line

APPAREL: YMI turns to body-shaping products to maintain sales revenue.

YMI Jeanswear aims to preserve its bottom line by growing beyond its butt-enhancing jeans to a body-sculpting line.

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Leak Fear Rises

ENERGY: Playa del Rey gas wells under regulator review.

SoCal Gas’ aging wells in Playa del Rey fuel concerns over an Aliso Canyon-style leak.

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‘Gig’ Workers May Organize

Business groups come together against a state measure allowing contract workers to form unionlike groups.

T-Shirt Maker Opens Doors For Homeless

Povertees works to outfit employees with career-boosting skills.

T-shirt maker Povertees fashions employment opportunities for homeless women.

Chef Game For Spot At Sports Venue

Ray Garcia serves up Mexican cuisine to Staples Center crowds.

Staples Center scores Ray Garcia and his Mexican cuisine for the sports venue’s food lineup.

Model Approach to Law

When Lorraine D’Alessio was recruited at 15 by Ford Models in Toronto, a career as an immigration attorney was one of the last things on her mind.

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Bank Chief Executive Pays for Pickup With Job

LENDING: Stock price of CIT Group has plunged in wake of deal for OneWest.

Problematic pickup of OneWest costs CIT Group CEO John Thain his job.

Paper Uses Book Festival To Fold In More Readers

MEDIA: Los Angeles Times event provides opportunity for revenue, subscriptions.

Los Angeles Times sees Festival of Books as a means to deliver the paper more revenue and subscribers.

Video Firm Puts Money on Subscription Service

INTERNET: Fullscreen sees venture as cross between Netflix, YouTube channel.

The world of viral videos is colliding with traditional TV and film content.

Track Grows Longer for Rail Yard Project at Port

SHIPPING: Judge orders L.A. officials to perform new environmental study.

After being in the works for a decade, BNSF Railway Co.’s Southern California International Gateway project at the Port of Los Angeles is now facing fresh delays.

High Court’s Empty Seat Delivers Union Victory

LABOR: 4-4 tie upholds appellate ruling; nonunion teachers must pay fees.

The U.S. Supreme Courts’ ruling Tuesday in the first controversial case decided since the death of Justice Antonin Scalia in February delivered a big victory to labor unions and previewed what could be a new feature at the court for the foreseeable future: the 4-4 tie.

Engineering Firm Finds Space for $400 Million Contract With NASA

Jacobs Engineering Group Inc. has won a NASA contract worth up to $400 million.

SPECIAL REPORT: Greg Bettinelli

Greg Bettinelli bet his future on the continuing growth of the L.A. tech scene nearly three years ago.

SPECIAL REPORT: Anthony Pritzker

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: James T. Armstrong

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.