Los Angeles Business Journal

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.

Los Angeles Times to Launch LGBT Site

The Los Angeles Times will begin hosting a site later this month dedicated to news and lifestyle issues in the local gay community.

Record Number of Applicants for Film Tax Credit Lottery

A record number of film and TV show producers have applied for a piece of the $100 million in tax credits allotted annually to productions filming in the state, the California Film Commission announced Tuesday.

CU Bancorp to Acquire Enterprise Bank

Encino bank holding company CU Bancorp will acquire downtown Los Angeles lender 1st Enterprise Bank in an all-stock deal, the banks announced Tuesday.

Payroll Executive Arrested in Tax Case

The former chief executive of bankrupt Miracle Mile payroll services company Axium International has been arrested on charges of committing tax crimes, the U.S. Attorney’s Office in Los Angeles announced Tuesday.

Puma Shares Fall Amid Trial Results

Shares of Westwood drug developer Puma Biotechnology plummeted in trading on Monday after presentations by the company and another drugmaker soured investors on their prospects.

Insider Trading Co-Conspirator Sentenced

Bryan Shaw, the Encino jeweler who made $1.6 million on stocks he traded with insider information from former KPMG senior partner Scott London, was sentenced to five months in prison on Monday.

Booster For Women In Business

Chick Launcher contest lets entrepreneurs work to land funding.

Businesswomen battle for backers in Darya Allen-Attar’s Chick Launcher competition.

Outdoor Horror Show Takes Stab at New Cities

PRODUCTION: Interactive event goes on road backed by Mark Cuban’s money.

The people behind the annual Haunted Hayride at Griffith Park are taking a new show on the road after recently scoring a $2 million investment from Mark Cuban on ABC’s “Shark Tank.”

Proxy Fight Heats Up at Spark Networks

There’s no love lost between Internet dating company Spark Networks and its largest shareholder.

OriginOil Makes Middle East Deal

OriginOil of West Adams has made a licensing deal to bring its water cleanup technology to the Middle East.

Solar Firm Verengo Up For Sale

Residential solar company Verengo Solar of Torrance has put itself up for sale, hiring Bank of America Merrill Lynch as an advisor, according to a document obtained by the Business Journal.

NBA Moves Against Sterling

The National Basketball Association on Monday announced it was moving forward with the plan to allow team owners to decide whether Donald Sterling can keep ownership of the Clippers.

CBRE Names New Chairman

Downtown Los Angeles commercial real estate firm CBRE Group announced Monday that Ray Wirta has been chosen to succeed Richard Blum as chairman.

Sometimes Speaking Loudly Carries Day

Last month’s Walk to End Genocide at Pan Pacific Park drew more than 3,000 people, the largest iteration yet of what has become the biggest annual anti-genocide demonstration in the country.

New Magazine Turns Focus On Photos

Co-publishers picture thick, ad-free Wolf as outlet for creativity.

Wolf Magazine frames itself as a creative outlet for photography.

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Ticket Seller’s Next Stage To Line Up More Venues

ENTERTAINMENT: AXS to challenge Live Nation by moving beyond AEG sites.

AEG’s AXS looks to improve its position but market leader Ticketmaster poses a huge hurdle.

Two L.A. Execs Push a Seattle Hockey Team

Two prominent L.A. businessmen are trying to bring a National Hockey League franchise to Seattle.

Reading International, Demand Media Among Week’s Biggest Movers

Gainers outpaced decliners 94 to 63 on th Los Angeles Business Journal’s index of largest local public companies for the week ending Friday.

Strip Club Evacuated After Oil Pipe Burst

A Thursday morning oil spill that sent 10,000 gallons of crude oil spewing skyward over Atwater Village forced the evacuation of a strip club.

Fandango Deals Add 1,000 Screens to Service

West L.A. online movie ticketing firm Fandango has made deals with three new theater chains, adding 1,000 screens to its ticketing service, the company announced Thursday.

Quixote Studios Buys Equipment Firm

Quixote Studios of West Hollywood has purchased Movie Movers, a Sun Valley production equipment firm, Quixote announced Wednesday.

Rubicon Rises on Earnings, Upgrades

Shares of advertising technology firm Rubicon Project of Playa Vista rallied Wednesday after the company reported higher revenue that a year ago. The stock was also upgraded by two analysts.

L.A. Small Business Outlook Scales Down on Hiring, Growth

Small business owners in Los Angeles are less likely to hire and less confident they will grow revenue this year, according to a survey released Tuesday by Bank of America.

OpenGate Buys Three Coupon Publications

Century City buyout firm OpenGate Capital has purchased three Southern California coupon and advertising publications, the company announced Monday.

Brothers Still Bitten by Beatles Bug

Record vendors pile up pricey collectibles for Fab Four’s 50th.

Record shop co-owners cue up memorabilia to mark the Beatles’ first trip to America in 1964.

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Reel Outdoors

Stars line up for alfresco movie screenings

Movie series at Hollywood Forever Cemetery has helped outdoor screenings come alive in Los Angeles.

Business Veteran Takes Charge of Clippers

The National Basketball Association has named a prominent African-American businessman as interim chief executive of the Clippers, NBA Commissioner Adam Silver announced Friday. The appointment is effective immediately.

Seacrest Buys Marketing and PR Firm

Ryan Seacrest’s investment firm, Seacrest Global Capital, has acquired marketing and PR firm Culture Shop through a subsidiary, Seacrest’s company announced Thursday.

Malibu Newspaper Shores Up Advertising Business

PUBLISHING: New owner of free weekly touts ties with local businesses.

ix months after its relaunch, hyperlocal newspaper Malibu Surfside News is growing its advertising business and has turned a profit, the paper’s new owner said.

Internet Mailbox Service Thinks It Can Still Deliver

Virtual mail service Zumbox looks to post a comeback after announcing plans to shutter.

NBA Bans Sterling; Local Interest in Clippers High

Los Angeles Clippers owner Donald Sterling was banned from any involvement in the National Basketball Association for the rest of his life and could also be forced to sell his team, NBA Commissioner Adam Silver announced Tuesday.

Rooms to Grow

HOSPITALITY: HBA expands beyond luxury market to interior design for less expensive hotels.

Luxury hotel interior designer HBA/Hirsch Bedner Associates now seeks inside jobs for lower-price lodgings.

Barbie to Get All Dolled Up for Live-Action Movie

MANUFACTURING: Film part of Mattel’s plan to lift sales of sagging product.

Live-action Barbie film plays into toymaker Mattel’s plan for big-screen productions.

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Super Risky?

Show looks to ride cape of Marvel movies

Co-producers of comic book-based traveling show Marvel Experience are betting on a super-size response.

Research Solutions, Skechers Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down for the week, in line with the larger markets.

Better-Than-Expected Quarter Boosts Skechers

Shares of Skechers USA Inc. jumped 5 percent Wednesday after the Manhattan Beach shoe company announced first quarter earnings that soared above expectations.

Podcast Network Operator Ready to Talk the Talk

INTERNET: Radio Titans relaunches in downtown L.A. with sponsorship model

Carl Kozlowski is giving podcasting another try – and hoping to sustain his network with a newly introduced sponsorship model.

Dodgers Pitcher Hit as Spokesman

Hyun Jin Ryu steps up to plate to promote Jin Ramen noodles.

Ottogi sees Dodgers pitcher Hyun Jin Ryu as quite a catch as a spokesman for its brand of ramen noodles.

Hitting Brakes to Go Forward

Vycon sets up kinetic energy storage system at subway station.

Vycon hopes its kinetic energy storage system gets on a roll from installation at a subway station.

Dodgers Still Not Reaching Base

TV: Carriers say high price of channel will lose customers.

Time Warner Cable may have dropped the ball in its plan for other carriers to pick up its new Dodgers channel.

Carriers Say Price of Dodger Channel Will Drive Away Customers

After doing the math, pay-TV providers appear to be sticking to their story that carrying the all-Los Angeles Dodgers channel SportsNet LA on Time Warner Cable’s terms doesn’t pencil out.

Answer Just a Stone’s Throw Away

Daniel Singer is the 14-year-old creator of Backchat, an anonymous messaging application.

Padding Mattress Sales

Spanish ads pull in Hispanic customers.

Sit n’ Sleep says it’s now freeeeeee in recovering economy to launch a Hispanic ad campaign.

L.A. Newspaper Group Could Be Heading for Sale

PUBLISHING: Lang parent Digital First reportedly looking to cut costs.

Is the Los Angeles News Group about to go on the market as part of its parent company’s sale?