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Weekly Edition
June 29 - July 5, 2009

 
An AMP Radio disc jockey at CBS Radio's L.A. studios.
An AMP Radio disc jockey at CBS Radio's L.A. studios.
6/29/2009
MAKE YOUR OWN READING LIST: Check the box for each story you want on your reading list and

  LENDING - Under the weight of a portfolio full of shaky loans, FirstFed is working to stabilize its standing.
  GOVERNMENT - The city of L.A. may step in with a loan to keep a Cirque du Soleil project airborne.
  REAL ESTATE  - The dream of a more dynamic downtown L.A. took a blow with the Park Fifth project going up for sale.
  INTERNET - Online auctioneer Bidz.com has seen shares decline in the wake of a series of shareholder suits.
  DINING - Flavored tobacco and water pipes were once uncommon sights at L.A. eateries. Now they’re everywhere.
  MEDIA - A growing desire for business guidance has fueled an Internet radio advice show’s jump to broadcast.
  RETAIL - TV Judge Joseph Wapner and his nephew are courting root beer lovers with a new beverage.
  PAGE 3 - Gerald Alcantar, vice president of diversity development at Fox Entertainment Group, left his shoes on during the recent Barefoot Thursday event at the Los Angeles Midnight Mission in downtown’s Skid Row.
  NEWS OF THE WEEK - Los Angeles Mayor Antonio Villaraigosa announced that he would not be running for California governor in 2010, ending months of speculation that he would make bid for higher office.
  HOSPITALITY - Operators of the Queen Mary have fallen behind in payments to keep the hotel shipshape.
  REGULATION WATCH - While many programs in state government face steep budget cuts, funds for fighting workers’ compensation fraud have remained mostly intact.
  MANUFACTURING - Concern about future earnings is all that’s slowing Aerovironment.
  HEALTH CARE & BIOTECH - A shortage of radioactive material necessary for medical imaging is giving headaches to L.A. doctors who use the scans to better diagnose ailments such as bone cancer and heart disorders.
  REGIONAL REPORT - Grupo Gallegos, a Long Beach ad firm focused on the U.S. Hispanic market, has won a 2009 Radio Mercury Award in the Hispanic category for a radio spot from its “Subtitles” campaign for cable TV operator Comcast.
  CALENDAR - Events of interest to Los Angeles' business community.
  RADIO - The station formerly known as KLSX has something to talk about in the ratings race after now that it’s switched to Top 40.
  ADVERTISING & PR - Weber Shandwick’s West Hollywood office has launched a new division called Social Studio to help the PR agency’s clients build their online presence.
  GROWTH  - Business has heated up for ad shop 72andSunny since its successful campaign for a Nike jogging shoe with an embedded computer chip.
  INTERVIEW - Engineer Timothy Psomas, handy at numbers in the days before calculators, now flexes a green thumb on the family farm.
  FEATURED NEWSMAKER - Taking a seat recently on the board of Otis College of Art and Design is allowing City National Corp.’s Thomas R. Miller to relive some of the best moments of his younger days.
  NEWSMAKERS - Baroda Ventures LLC, a Beverly Hills venture capital firm with a focus on the technology sector, has named Peter Lee partner
  LEGAL - The trustee for a bankrupt payroll firm alleges the owners’ former attorney helped them loot the business.
  REAL ESTATE - The W Hollywood Hotel & Residences at Hollywood Boulevard and Vine Street is still on target for its Dec. 3 opening.
  COMMENT  - Charles Crumpley writes that the hypocritical director of sloppy documentary “Bananas!” has lost his appeal.
  SECURITY - LAPD Chief William J. Bratton salutes retail chain Target’s anti-crime pursuits.

MAKE YOUR OWN READING LIST: Check the box for each story you want on your reading list and

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