LABJ WEEKLY EDITION
Herbalife Ltd.’s $200 million settlement with the Federal Trade Commission will mean a rethinking of how it conducts operations, but reimagining a $6 billion company’s business model is no easy task.
Business Journal sorts through the good and bad news in Herbalife’s $200 million FTC settlement.
REAL ESTATE: El Camp’s founder Eric Johnson sees strength in sector focus.
Founder of co-working space El Camp still sees ad industry focus as a plus.
New FAA Guidance May Lift Drone Companies
New federal rules on commercial use could help sales take off for drone maker AeroVironment.
INTERNET: Mall, battleship museum among courters of Pokémon Go pedestrians.
Some businesses are seeing real boosts in customer traffic from hunters of Pokémon Go’s virtual beasts.
SURVEY: Reconnect touts misdialed calls as chance to accurately poll public.
As election season heats up, opinion polls are on everyone’s mind.
POLITICS: Group alleges SoCal projects not getting share of federal grants.
A group of local lawmakers is demanding to know why the U.S. Department of Transportation has denied freight and road grants to several Southern California projects, including two at the Port of Long Beach.
The acquisition of Dollar Shave Club by Unilever for $1 billion in cash gave the London-based consumer goods giant its first razor business.
Calendar of events
SALE: Tech influx helped drive up Playa Jefferson’s price tag to $165 million.
Playa Jefferson has sold for $165 million, or $843 a square foot, making it Playa Vista’s priciest office sale, according to sources familiar with the deal.
The profitability of publicly held real estate companies and Dollar Shave Club’s $1 billion exit are all part of the story of the strength of the local economy.
TECHNOLOGY: Vet execs give guidance to furniture-buying app.
Veteran CEOs are helping design app Homee reshape the furniture-buying business.
MEDIA: New editor-in-chief’s makeover includes price hike.
Good magazine sees a refocus on editorial content as the best way to revive the publication’s circulation.
INTERNET: Class action filed on behalf of 14-year-old user.
Attorney looks to send a lasting message to Snapchat with a decency lawsuit filed on behalf of a boy.
Duo pours themselves into developing unique take on Absolut Co.’s Our/Vodka.
Steven Ocheltree and Tyler Simmons seek to bottle L.A.’s spirit with their venture for Our/Vodka.
Swirly Celebrations crafts custom characters to cover range of wedding parties.
Swirly Celebrations positions its cake figurines as a top attraction for weddings.
Smart & Final Stores Inc. Chief Executive Dave Hirz marked the Fourth of July making rotisserie chicken. His culinary endeavors weren’t, however, part of a family cookout.
DINING: Restaurant Week has goal to feed business for participating eateries.
Local eateries hope profits will be on the menu during Dine L.A. Restaurant Week, which helps restaurants entice customers with special menus that will take smaller bites out of their wallets.
RETAIL: Ross Fraser goes after former representation for collapse of his Kitson.
Kitson founder Fraser Ross says his former lawyers and chain’s ex-CEO busted his business and cost him millions.
Departed executives allege Hyperloop One working in leadership vacuum.
ENTERTAINMENT: Suit by Blizzard says product hacks cost millions in revenue.
Video-game company Blizzard looks to play rough with developers of hacking mods.
MANUFACTURING: Mattel pitches pricey device for use at home by children.
Toy giant Mattel makes a play for creative kids with pricey 3-D printers to be used at home.
SHIPPING: Employers in drive classification fight give state program a pass.
Trucking firms facing fines over driver misclassification are steering clear of an amnesty program.
TECHNOLOGY: Wolfcom says selection process hurt shot at big business boost.
Wolfcom had hoped to nab the LAPD body camera contract for an image and business boost.
PUBLISHING: Los Angeles hits annual sales high with curious category salutes.
Swimsuits – and ranked lists – sell magazines.
INTERNET: Crackle to run fixed-time commercials with show-related content.
Crackle, a multiplatform streaming service from Sony Entertainment, has implemented a new advertising model designed to keep viewers more engaged during commercials.