Los Angeles Business Journal

Longtime Water Official Ed Little Dies at 87

Ed Little, a longtime Culver City business owner and former West Basin Municipal Water District board member, has passed away. He was 87.

Daily Journal Swings to Loss

Daily Journal Corp. swung to a loss in the nine months ended June 30 despite an increase in revenue, the company announced Monday.

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New Ball Game At News Station

RADIO: KFWB turns to sports programming to score listeners.

Former news-focused station KFWB looks to dial up more listeners by switching to an all-sports format.

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Riding Wave In Men’s Grooming

Byrd Hairdo hopes to get surfers on board with pomade line.

Pro surfer Chase Wilson has taken the plunge on water-resistant hair-styling products.

Drug Maker Displays No Ill Effects From Bad News

BIOTECH: Investors snap up Amgen despite test failure, recall of Aranesp syringes.

Amgen shares enjoy a healthy spike despite a drug test failure and product recall.

Production Tax Credit Bill Advances

California lawmakers on Thursday advanced a bill to combat runaway production by expanding the state's film and TV tax credit.

Clippers Sale Closes

The sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer has closed, the National Basketball Association announced Tuesday.

Obituary: Radio Executive George Nicholaw

George Nicholaw, longtime general manager at news radio station KNX-AM (1070), has died. He was 86.

Beutner Named Publisher of L.A. Times

Former Los Angeles deputy mayor Austin Beutner was named publisher and chief executive of the Los Angeles Times Media Group, the Times announced Monday.

Daughter of Late Rocker Cues Up Film

Documentary turns to Kickstarter for story of Chicago guitarist.

Michelle Kath Sinclair hopes to drum up money from Kickstarter for a documentary on her late guitarist father.

Times to Change Again as Papers Spinning Off

MEDIA: Tribune launches separate company, splitting broadcasting, publishing.

Los Angeles Times parent Tribune Co. hopes the paper can deliver as part of a new publicly traded entity.

Short-Film Festival Hopes to Be in It for Long Run

MOVIES: HollyShorts says submissions, sponsorhsips up in event’s 10th year.

The HollyShorts Film Festival is all about short films – those with a run time of 30 minutes or less.

High-Flying Bonds

Most people find a packed flight to be a disappointment, robbing them of the chance at being next to an empty seat. But Drew Zager sees a silver lining.

Investors Climb Aboard In-Flight Wi-Fi Provider

AVIATION: Entertainment, renewal deals and new CEO lift shares of Global Eagle.

Shares of in-flight Internet provider Golden Eagle get lift from arrival of new chief exec.

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Soundstage Takes New Movie Role

FILM: Thunder looks to trade services for stakes in productions.

Soundstage operator looks to cast itself as producer by offering services for stakes in indie films.

Studio Cues Up Larger Rehearsal, Recording Site

MUSIC: Swing House more than doubles space with Atwater Village facility.

Swing House Studios of West Hollywood routinely rents space to big-name bands such as Aerosmith for recording tracks or rehearsing for tours.

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Taking Rap

KDAY spins hip-hop into ad sales, ratings

KDAY says it has succeeded in getting advertisers and listeners to take its old-school hip-hop format for a spin.

Lions Gate Makes Chinese Streaming Deal

Santa Monica studio Lions Gate Entertainment Corp. has made a deal to bring its TV shows and movies to a new streaming service in China.

Changing Image

ENTERTAINMENT: Visual effects shop Hydraulx also hopes to be known for soundstage, equipment rentals at new HQ.

Visual effects shop Hydraulx hopes to get a lift from soundstage and equipment rental business.

Dodgers Found Partly Liable in Stow Beating

A Los Angeles jury ruled on Wednesday that the Dodgers organization was negligent in the 2011 beating of Giants fan Bryan Stow and will need to pay Stow’s family millions of dollars in damages.

Daily Journal Hires New Auditor, Appeals Nasdaq Delisting

In an effort to remain listed on the Nasdaq, downtown Los Angeles legal newspaper publisher Daily Journal Corp. has fired accounting firm Ernst & Young and hired BDO USA as its new auditor.

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Sky’s Limit

Some drone-using filmmakers aren’t waiting for OK

Some drone-using production businesses await approval to get off the ground, but at least one’s flying now.

Saying ‘Da’ to Business

Ilya Kuntsevich studied economics as a college student in Russia, but his training wasn’t exactly the industry standard for employees of big international companies.

Cartoon Producer Animated About New Direction

TV: Genius Brands revamps management as it looks to boost digital distribution.

Kids entertainment firm Genius Brands International wanted to get smarter, so it overhauled its executive ranks, rebuilt its board and changed its business model.

Mouse Looks To Click With Video Gamers

Adesso tries hand at luminescent accessory with flashy iMouse G3.

Adesso says its video-game-focused mouse will also come in handy for general use with computers.

Two L.A. Firms Get State Tax Credits

Two L.A. companies were among the 29 firms that were approved to receive $28.9 million in state tax credits, Gov. Jerry Brown’s office announced Thursday.

The Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

Entravision Buys Digital Ad Firm

Spanish-language radio and TV station owner Entravision Communications Corp. of Santa Monica has acquired digital advertising firm Pulpo Media.

Charney Suspension Boosts American Apparel Stock

American Apparel shares rose on Thursday after the company’s decision to suspend Dov Charney as chairman and chief executive pending his ouster.

News Site Launches to Cover the Westside

Web publishing firm Port Media Solutions has launched a news website to cover the Westside of Los Angeles, the firm announced on Thursday.

L’Oreal Buys Commerce Cosmetics Firm

Paris cosmetics giant L’Oreal is buying Nyx Cosmetics of Commerce, the companies announced Wednesday.

USC in Talks With Scripps

The University of Southern California is in talks to form a relationship with the Scripps Research Institute in San Diego, USC and Scripps said Tuesday in a joint statement.

Saban, Jakks to Launch Web Series

Century City kids entertainment firm Saban Brands is teaming up with Malibu toymaker Jakks Pacific to bring to life emojis – those smiley face symbols on your cell phone texts – with a forthcoming web series and toy line, the companies announced Tuesday.

Ares Buys Texas Oil Field Developer

Century City private equity firm Ares Management has acquired oil and gas field developer BlackBrush Oil & Gas of San Antonio, Texas, the companies announced Tuesday.

L.A. Port Traffic Rises

Traffic at the ports of Los Angeles and Long Beach rose in May compared with the same month last year, according to figures released Monday.

DreamWorks Shares Slip After ‘Dragon 2’ Disappointment

Shares of DreamWorks Animation SKG Inc. fell sharply in Monday trading after a disappointing opening weekend for the Glendale animation studio’s “How to Train Your Dragon 2.”

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So Who Says Med Scrubs Aren’t Sexy?

Jaanuu’s new line for hospital professionals has emphasis on style.

New line scrubs the idea that hospital wear needs to be frumpy.

MannKind in Talks for Afrezza Partnership

Diabetes drug developer MannKind Corp. of Valencia is exploring multiple partnership opportunities to take its inhalable insulin drug Afrezza to market as the company awaits FDA approval.

The Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell for the week.

Nikki Finke Returns With New Site

Nikki Finke is back to writing show business news, the trade reporter wrote on a newly minted website Thursday, practically promising to offend those in the industry she deems worthy of her wrath.

UCLA Forecast Predicts Job Growth in State

The California economy will benefit from job growth and reduced unemployment in the next three years, according to the most recent UCLA Anderson Forecast released Thursday.

Arts District Warehouses to House Retail Project

An East Coast company has teamed with Century City real estate services firm Blatteis & Schnur to purchase five warehouse buildings in downtown L.A.’s Arts District for $32.5 million, the companies announced Wednesday.

West Hollywood Hospitality Firm Acquired

A Las Vegas hospitality firm has acquired a majority stake of West Hollywood hospitality firm H.Wood Group.

Oaktree Buys Infrastructure Investment Firm

Downtown Los Angeles investment firm Oaktree Capital is acquiring Highstar Capital, a New York firm that invests in physical infrastructure for the energy industry, Oaktree announced Monday.

Not Following Dad’s Footsteps

As a college student in the late 1970s, Darell Krasnoff dreamed of getting a job with a company where he could climb the ranks and eventually become a top executive.

Wedbush Charged With Market Access Violations

Downtown Los Angeles brokerage Wedbush Securities was charged by the Securities and Exchange Commission on Friday for breaking the agency’s market access rules.

MannKind, Jakks Pacific Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

Tinder Puts the Moves on Disappearing Photos

West Hollywood dating app Tinder on Thursday unveiled a disappearing photo feature in an apparent challenge to Venice app maker Snapchat.

AEG Denies Report of Kings Sale

Anschutz Entertainment Group of downtown Los Angeles on Thursday categorically denied a New York Post report that it is shopping the Kings hockey team for a sale.

RealD Shares Rise After Earnings Beat Expectations

RealD shares moved higher on Thursday after the Beverly Hills 3-D movie technology company reported quarterly earnings that beat analyst expectations.

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