Los Angeles Business Journal

Forecast: Modest L.A. Job Growth This Year and Next

L.A. County will continue to add jobs, but at a frustratingly slow pace, according to a forecast the Los Angeles County Economic Development Corp. released today.

Mayor Takes Steps to Cut Permit Red Tape

Los Angeles Mayor Eric Garcetti on Tuesday ordered the city’s planning and building and safety departments to consolidate key functions and take other steps to cut red tape for developers.

Group to Spur Job Creation in Innovation Industries

Leaders from L.A.’s tech, venture capital and entrepreneur communities and the Los Angeles County Economic Development Corp. on Tuesday announced they will join forces to promote the region as an innovation center and spur job creation.

The River and the Money Manager

Last summer, Bryan Brown took 100 days off work and did what he says no human has ever done before: paddled the entirety of the Colorado River watershed by himself in a kayak.

Chef May Add Reality To Her Plate

Loretta Jones looks to serve up own show on Food Network.

DINING: Chef Loretta Jones pursues her own show on the Food Network after getting a taste of reality TV.

Refocused Shoemaker Shoos Away Investor Doubt

FOOTWEAR: Skechers’ stock climbs after new lines send income soaring.

FOOTWEAR: Shoemaker Skechers gets a leg up on Wall Street with its renewed focus on affordable products.

Occidental Leaving Westwood for Houston

After nearly a century here, Westwood oil giant Occidental Petroleum Corp. is moving its headquarters to Houston.

Winemaker Takes Off With Airline

Le Grand Courtage gets big lift from Virgin America deal.

Le Grand Courtage was on board early with the idea of getting its bottles on Virgin America flights.

Oil Chief Exec May Field Longer Term of Service

ENERGY: Analysts see Stephen Chazen staying in Oxy job beyond this year.

ENERGY: Occidental CEO Stephen Chazen may be looking to pump up the length of his term atop the gas and oil giant.

Long Beach Hikes Wages for Airport, Convention Center Workers

The Long Beach City Council has approved an ordinance to raise the pay of airport and Convention Center workers to $13.26 an hour.

Website Puts Money On Lottery

Membership system lets Lottogopher sell tickets online at cost.

Internet: Lottogopher bets that people will be willing to pay membership fees to buy lottery tickets online.

Sinking Hooks Into ‘Shark’

Former contestant tips hopefuls on how not to tank on pitch program.

TV: Cow Wow Cereal Milk’s Chris Pouy offers tips on how to pour it on with “Shark Tank’s” investors.

Restaurateur Raises Glass to Sinatra Select

Alessandro Uzielli has been a fan of La Dolce Vita for years. In fact, he dines at the Italian restaurant in Beverly Hills three or four days a week.

Hotels Seek Say On Worker Pay

Politics: Minimum-wage increase seemed like done deal.

Politics: Hotel owners launch lobby effort to head off measure to nearly double the minimum wage for their workers.

L.A. Unemployment Down, But Few New Jobs

L.A. County’s unemployment rate fell to 9.2 percent in December, its lowest point in more than five years, according to state figures released Friday.

Driver’s Seat

Victoria Rusnak worked as an environmental attorney and even ran for office before taking the wheel of her father’s car dealership group.

Interview: Former environmental attorney and Assembly hopeful Victoria Rusnak now steers her father’s auto dealership group.

Revived Real Estate Sector Could Spur Buying Binge

Engineering: Psomas says BonTerra deal marks return to ‘growth mode.’

Engineering: Psomas homes back in on acquisitions as the real estate market picks up.

Special Delivery

Trip to fertility clinic gives birth to new business for attorney.

Law: Attorney Evie Jeang looks to deliver for Chinese couples seeking U.S. surrogates to carry their babies.

Getting a Handle on E-Cig Style

Ophis looks to draw in customers with pricey leather-clad dispenser.

Smoking – Ophis helps e-cig users get a grip on style with its leather-wrapped dispensers

Geragos Attorney Named to Superior Court

Gov. Jerry Brown on Friday appointed local class action attorney Shelley Kaufman as a judge on the Los Angeles County Superior Court to fill a vacancy created by a retiring judge.

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In The Pink

Special Report Year In Review: Biotech sector booms; markets bloom

It was the year of the biotech bonanza in Los Angeles. Of this year’s top five share-price gainers on the LABJ Stock Index, three were from that sector, led by Westwood’s Puma Biotechnology Inc.

Drug Company’s Stock Gets Rough Prognosis

Biotech: ImmunoCellular shares fall after missing goal of extending patients’ lives.

Biotech – ImmunoCellular Therapeutics comes up short on Wall Street after company’s drug misses longevity goal

L.A. Jobless Rate Falls to 9.5 Percent

L.A. County’s unemployment rate dropped to 9.5 percent in November, its lowest point in five years, according to state figures released Friday. The county also created 33,000 payroll jobs, many of those in seasonal retail hires.

State Drops Tax Deposit Requirement

Local startups have just been handed a bit of holiday cheer: the state will no longer require security deposits for new businesses in most cases and will refund about $300 million in deposits it’s now holding.

Eight Over Eighty Aaron Eshman and Alfred Stern

Eight Over 80 Special Reoprt

Eight Over 80: Eli Broad


L.A. business leader Eli Broad turned 80 this year, but the milestone birthday hasn’t slowed him down: He still puts in 60 hours a week.

Might Oxy Ditch L.A. HQ to Hang Its Hat in Houston?

Is Occidental Petroleum Corp., L.A.’s second largest public company, planning to move its corporate headquarters to Houston? There are signs it could do so.

L.A. Employers Plan to Increase Hiring

One in five Los Angeles area employers plan to hire more workers during the first quarter, the best showing in several years, according to a survey released today from Manpower Inc.

Cities Crack Down on E-Cigarettes

City councils in both Los Angeles and Long Beach have voted to restrict sales and use of electronic cigarettes.

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Note for Note

INTERVIEW: Manatt Phelps’ George Kieffer has made time for civic affairs and music while working at the law firm for four decades.

Power broker and Manatt Phelps & Phillips Partner George Kieffer makes sure to spend some of his playtime at the piano.

Oaktree Sees Bad Loans as Good Way Into China

Investment: Firm forms joint venture with distressed asset manager.

INVESTMENT: Oaktree makes good on its plan to enter China by forming joint venture to acquire bad loans.

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Solar Customers Left Out in Cold

ENERGY: Panels off as installers fight DWP over lease language.

Energy: Some solar panel customers have been left in the cold as installation companies and the L.A. DWP wrangle over lease language.

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Cities Sticking Noses in Irwindale’s Chili Odor Case

FOOD: Officials put out welcome mat for relocation of Huy Fong’s facility.

Food: Cities outside California smell an opportunity as Irwindale residents complain about odor from Huy Fong’s chili plant.

Lancaster and La Mirada Named County's Most Business-Friendly Cities

Lancaster and La Mirada were named the most business-friendly cities in Los Angeles County by the Los Angeles County Economic Development Corp.

More Trouble

Chemicals: Oxy faces new

Chemicals: Occidental Petroleum faces new health claims from Love Canal in New York state, 20 years after the company settled lawsuits over the site.

Garcetti Names Deputy for Economic Development

Los Angeles Mayor Eric Garcetti on Thursday named Kelli Bernard as deputy mayor for economic development.

Shares of Insurer Prove Too Risky for Wall Street

Insurance: Mercury stock tumbles on weak quarter, rate restrictions.

Insurance: Mercury shares fall as judge puts the brakes on rate hikes

Aquifer Operator Sinks Money Into Train

Water: Attraction could help Cadiz avoid review of pipeline.

Water: Cadiz plans railroad tie-in that could help the aquifer owner avoid full review of a pipeline project.

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State Storage Rule May Fuel Electric-Car Offshoot

ENERGY: Need to secure power could give Coda batteries inside lane.

State electricity-storage ruling could charge up business for battery maker left over from Coda Automotive.

Oil Company Still Digs Monterey Shale Location

ENERGY: Occidental to continue drilling efforts despite Chevron’s exit.

Occidental Petroleum sees its Monterey shale oil projects doing well enough to stay put.

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Content Creator Hopes to Click With New CEO

INTERNET: Shakeup in management fails to boost Demand Media stock.

Demand Media CEO loses job but Wall Street remains pessimistic about content company’s future.

Oxy to Sell Part of Mideast Operations in Restructuring

Occidental Petroleum Corp. announced on Friday it intends to sell part of its Mideast operations and part of its stake in a domestic pipeline company, as part of a planned restructuring.

Done Deals

Former U.S. Trade Representative Mickey Kantor now covers lot of ground overseas for Mayer Brown.

Former Commerce Secretary Mickey Kantor now handles overseas business for law firm Mayer Brown.

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Drug Company Stung as Investors Bail on Sector

BIOTECH: CytRx’s stock offering flops in industry’s biggest sell-off in two years.

CytRx’s shot-in-arm stock offering swamped by tsunami of an industry sell-off.

Electric Plan Shocks Businesses

ENERGY: Edison customers say shift to off-peak hours unworkable.

Southern California Edison’s time-of-use plan to ration summer electricity shocks some business owners.

Los Angeles May Sign Off on Hefty Billboard Fines

ADVERTISING: Proposal mulled by city would raise rates by factor of 20.

City of Los Angeles may give billboard owners the higher sign by dramatically boosting scofflaw fines.

L.A. City Council Measure Would Curb Rogue Valets

HOSPITALITY: Nightclub and restaurant owners had long sought crackdown.

Los Angeles City Council passes measure to put brakes on rogue valet operators.

Business Owners Indicted in Seal Oil Smuggling Case

The owners of a Walnut nutritional supplement company have been indicted on charges of smuggling seal oil capsules from China.

Report: L.A. Economy Gains Steam

The economy in the city of Los Angeles grew at a faster rate than the nation last year, according to a report released by the Los Angeles Area Chamber of Commerce Wednesday.

Mayor Garcetti Names Planning Commissioners

Los Angeles Mayor Eric Garcetti announced his nominees to the Planning Commission Monday, a list that included a Walt Disney Co. executive and several local attorneys.