Los Angeles Business Journal

LABJ WEEKLY EDITION

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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.

Data Bank Calendar

Upcoming local events.

Data Bank Conventions

Upcoming local conventions.

Audio Engineering School Sounds Out New Home

LEASE: SAE Institute to move across Hollywood to former Kodak property.

February home and condo sales in Los Angeles County by ZIP code.

Up for the Count

Charles Crumpley looks forward to the day he won’t hear the same bleak numbers at L.A. luncheons.

Staying in The Picture

Should there be more tax credits for L.A. TV and film production?

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Deep L.A. Roots

BUSINESS PERSONS OF THE YEAR: Agribusiness billionaires Stewart and Lynda Resnick have planted themselves at heart of philanthropic, cultural scenes.

Agribusiness billionaires Lynda and Stewart Resnick have branched out into supporting L.A.’s philanthropic and arts scenes.

New Chapter For Spiritual Bookstore

Owner says niche focus on mysticism may bring second site.

The spirit moved a former insurance attorney to open Mystic Journey Bookstore in Venice.

List Website Hopes It Has Your Number

Ranker takes Yelp-like ratings beyond just hotels, restaurants.

List-making website Ranker hopes it rates the description “a Yelp for everything else.”

Sound Plan For Biking Enthusiasts

15-year-old peddles mounted stereo device that holds iPhone.

15-year-old Benji Miller wants cyclists to take his hands-free stereo device for a spin.

Lawyer Takes His Case to the Whisky

Mark Sullivan is a senior litigation paralegal for Century City law firm Cox Castle & Nicholson. He’s also the firm’s resident rocker.

Regional Report

Ixia, a Calabasas computer networking software developer, has received a notice of noncompliance from Nasdaq after failing to file its third quarter earnings.

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Overseas Appeals

LAW: Gibson Dunn touts recent Latin American wins for Dole, Chevron as it courts more work from multinationals.

Recent court victories for Dole and Chevron are helping Gibson Dunn make its case for more international work.

Drug Developer’s Promotions Generate Bad Buzz

HEALTH CARE: Shares of CytRx drop over issues of alleged stock touting.

Concern over stock promotions spurs investors to check out of drug developer CytRx.

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Firm Builds Tech Bridge Between Asia, Middle East

INVESTMENT: DPL taps South Korean money to back Israeli startups.

Trio gives birth to $50 million fund that will nurse Israeli life sciences startups with South Korean money.

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Water Purification Business Cleans Up in Pickup

TECHNOLOGY: NanoH2O bought for $200 million by South Korea’s LG Chem.

NanoH2O’s sea water desalinization process makes a splash with South Korea’s LG Chem.

Hotel-Focused Design Firm Sees Room in L.A.

HOSPITALITY: Hong Kong’s Vadi hopes to hook up here with Chinese developers.

Design firm hopes to translate Hong Kong experience into L.A. work with Chinese hotel developers.

Former Thrift Officially Vaults Into Banking World

LENDING: OneWest’s switch in charter could presage initial public offering.

It’s official: Pasadena’s OneWest Bank actually is a bank. And now Los Angeles County’s third largest by assets.

News of the Week

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

American Apparel Inc. said that it would be late filing its year-end report with the Securities and Exchange Commission because the company needs to focus on more urgent issues and that its changing situation could affect the annual report.

Data Bank Calendar

An upcoming calendar of events.