Stories for October 2009

Thursday, October 29

Sitrick To Join Turnaround Company

High-profile L.A. public relations firm Sitrick and Co. is expected to be acquired next month by consulting firm Resources Connection Inc., people familiar with the matter have told the Wall Street Journal.

Monday, October 26

Eisner Spins Out Vuguru With Canadian Backing

Michael Eisner said Monday that his Tornante Co. has spun out Vuguru, its Internet content-production house, with financial backing from one of Canada’s largest media companies.

SAN GABRIEL VALLEY: Vacancies Stable Despite Importers’ Woes

Real Estate Quarterly

The San Gabriel Valley’s industrial market sat still last quarter, as importers continued to wait for business to pick up.

Ares Buys Financing Firm

Ares Capital Corp. said it will buy Allied Capital Corp., which finances middle-market company buyouts, in an all-stock deal worth $648 million.

Eisner Spins Out Vuguru With Canadian Backing

Michael Eisner said that his Tornante Co. has spun out Vuguru, its Internet content-production house, with financial backing from one of Canada’s largest media companies.

Aecom Acquires Minneapolis Firm

Aecom Technology Corp. said it has acquired Ellerbe Becket, an architecture and engineering firm.

Update: Sterling Pays Record Fine in Discrimination Case

The U.S. Department of Justice said that real estate mogul Donald Sterling has agreed to pay a record $2.7 million to settle allegations that he discriminated against minorities and families with children at his Los Angeles apartment buildings.

Kind of a Drag

Hot rodders trying to outrace recession

The slow economy has the National Hot Rod Association spinning its wheels.

Taking the Plunge

HOSPITALITY: National parks concessionaire becomes latest operator hoping to salvage Queen Mary tourist attraction.

A new operator has a boatload of changes in store for Long Beach’s Queen Mary.

Keeping a Hairy Upper Lip

One of the happiest days of Robert A. Hacker’s life came last Dec. 1 when he shaved off the moustache he’d been growing for the previous month.

Accenting The French

New chamber steps up emphasis on culture of the French language.

A new French chamber has arrived to accent the cultures of French-speaking nations.

Getting Clients Psyched Up

Ad firm uses Jungian archetypes to help focus clients’ brands.

A local ad firm has turned to Jungian archetypes to get a read on clients’ products.

Juice Maker Squeezed

POM on other end of lawsuit over product’s health benefits.

Pomegranate maker POM is getting squeezed over health claims for its juice.

Ports Drifting Further Apart

TRADE: Long Beach settles trucker suit as L.A. digs in.

Trucking regulation issues have driven a wedge between the Long Beach and L.A. ports.

Chamber Chief Too Powerful?

NON-PROFIT: Reformer Lizarraga now called autocrat.

The head of a Latino business group has been accused of the same abuses of power he once protested.

SAN FERNANDO VALLEY: Leasing Up as Tenants Seek Cheap Space

Real Estate Quarterly

Third quarter indicators led market watchers to believe the San Fernando Valley’s commercial bottom was in sight, albeit not without another round of the “no pain-no gain” that’s haunted the region for much of 2009.

TRI-CITIES: Addition of Two Buildings Inflates Burbank Vacancies

Real Estate Quarterly

Going strictly by Grubb & Ellis Co.’s numbers, Burbank’s 17.7 percent vacancy rate is smack in the middle of overall Tri-Cities vacancies. But numbers don’t tell the whole story.

HOLLYWOOD: Acquisitions by Owner-Operators Boost Quarter

Real Estate Quarterly

After getting pummeled during the first half of the year, the Hollywood-West Hollywood office market area finished the third quarter with slight gains across the board.

WILSHIRE CORRIDOR: Firms Downsize to Avoid Shuttering

Real Estate Quarterly

It’s hard to find good news in a neighborhood where vacancies jumped a solid two points or more, but at least one broker has thought he’s found some on the Wilshire Corridor.

WESTSIDE: Decrease in Rents Stokes Some Confidence in Area

Real Estate Quarterly

Los Angeles’ Westside may boast the county’s most comfortable climate, but the area continues to weather a storm when it comes to its office market.

DOWNTOWN: Law and Financial Firms Look to Give Back Space

Real Estate Quarterly

With the economy still weak and corporate profits largely derived from reduced expenses, the downtown L.A. market put in a weak showing in the third quarter.

Vacancies, Low Rents May Draw Some Firms Back to L.A.

Real Estate Quarterly: COUNTY

With the economy still down and unemployment at a record high, it’s little surprise that commercial real estate in Los Angeles County continues to struggle.

Condo Project Rolls On Despite Troubled History

Real Estate Quarterly

The Beverly West luxury condo development rolls on despite a history of hurdles.

Could Long Beach Sail Ahead?

Comment

Charles Crumpley has tacked. He now believes the Port of Los Angeles is helping, not hurting, its neighboring port.

NEWSMAKERS & KUDOS

Great Beginnings for Black Babies, an Inglewood non-profit organization, has named Rae Jones executive director.

Still Driven

79-year-old owner Bert Boeckmann remains a daily fixture at Galpin Ford, the No. 1 volume Ford dealership in the world.

San Fernando Valley mainstay Bert Boeckmann still has lots to do at his auto dealerships.

REGIONAL REPORT

East West Bancorp, the Pasadena-based parent of East West Bank, has opened an office in Taipei, Taiwan.

Once-Promising Startup Shutters in Slow Economy

SOFTWARE: Demand dried up for Sophoi’s license tracking product.

Sophoi Inc. once appeared to be a promising L.A. startup.

Overseas Markets a Good Fit for Clothing Maker

RETAIL: City of Industry’s Leg Avenue plans new Asian distribution center.

A local intimate apparel wholesaler best known for its provocative Halloween costumes is continuing its push into foreign markets in order to keep a leg up on the competition.

State Measure May Push Oil Recyclers Into Black

GOVERNMENT: Area firms stand to benefit from law’s financial incentives.

A new state law may grease the wheels for oil recycling businesses.

Venture Capital Action Inches Up in Third Quarter

INVESTMENT: Number of deals, dollar value rise in Southern California.

For the first time in more than a year, venture capital investment in Southern California is on an upswing.

Ex-U.S. Prosecutor Returns to Century City Firm

HIRING: Marshall Camp likes fit of Irell & Manella’s white-collar work.

Irell & Manella LLP has a tradition of hiring young associates and grooming them for the firm’s partnership ranks – whether they stay in-house or go into the public sector and return.

Recently Merged Firm Trades Boston for Sylmar

CONSTRUCTION: Tutor Perini goes against tide by headquartering in L.A.

Tutor Perini hopes to build its presence in California by moving its headquarters to Sylmar.

West L.A. Real Estate Firm Checks Into Investing

BANKING: CB Richard Ellis launches financial service with New York office.

West L.A. real estate firm CB Richard Ellis is branching out with a new investment bank.

Tuesday, October 20

Judge Won't Enforce $97 Million Verdict Against Dole

A federal judge in Florida on Tuesday denied a request by Nicaraguan banana workers to enforce a $97 million judgment that was issued in their home nation against the fresh food giant.

Monday, October 19

FDA Delays Approval for Amgen Bone Drug

In a blow to Amgen Inc., the Food and Drug Administration has said it wants more safety information about the company’s experimental bone-strength drug Prolia before granting marketing approval.

Ameron Restructures Management

Ameron International Corp. said it restructured its management team in preparation for the succession of its chief executive.

Jakks Lays Off Workers

Toymaker Jakks Pacific Inc. confirmed that more than 100 employees at its headquarters in Malibu and overseas offices in Hong Kong were laid off last week as part of a previously announced restructuring.

FDA Delays Approval for Amgen Bone Drug

In a blow to Amgen Inc., the Food and Drug Administration has said it wants more safety information about the company’s experimental bone-strength drug Prolia before granting marketing approval.

Nara Plans Stock Offering

Nara Bancorp Inc. said that it will offer about $70 million of its common stock in a secondary public offering, the second Los Angeles bank to do so this month.

Sylmar Gains Major Corporate Headquarters

Tutor Perini Corp., the general contracting giant resulting from the 2008 merger of Sylmar’s Tutor-Saliba Corp. and Boston’s Perini Corp., is expected to announce that its corporate headquarters will be consolidated in Sylmar.

Best Face Forward

Ocean liner-shaped hotel Shangra-La hopes a completed $30 million renovation will buoy business.

SANTA CLARITA: Advanced Bionics Deal Provides Shot in Arm

Real Estate Quarterly

For the past year, Valencia’s commercial market has been on a roller-coaster ride that would rival anything at nearby Magic Mountain.

SOUTH BAY/MID-CITIES: Port Slowdown Continues to Rock Area

Real Estate Quarterly

The weak economy continues to take a toll on the vast South Bay and Mid-Cities industrial markets as companies in the area consolidate, sublease and renew rather than move.

Raising Stakes

Cerritos mall to grow despite downturn

Mall operator Macerich has forged ahead with expansion at Los Cerritos Center despite the down economy.

Businesses Fear ‘Landmark’ Decision

REGULATION: New rules may restrict altering film studios, too.

A city law to preserve historic buildings may leave some businesses out in the cold.

Proper Way to Toy With Rival

Comment

Charles Crumpley applauds doll maker MGA for fighting its rival Mattel at the cash register not in the courtroom.

Profile of Westwood High-Rise Reaches New Heights

ACQUISITION: Former William Morris exec buys unit listed at $5.6 million.

Listings and sales of elite L.A. executive homes.

Playa Vista Project Hopes Someone Takes Note

FINANCING: Bank looks to sell off mortgage note for $50 million.

The largest office development site at Playa Vista is in flux.

Digital Mail Developer Gets Stamp of Disapproval

Could a patent infringement issue pull the plug on digital mail developer Zumbox?

A Charitable Pursuit Leads Beyond Grave

NON-PROFIT: Chabad seeks millions from Arnall’s estate.

A Jewish charity has filed suit to collect nearly $17.5 million it claims it is owed by a late benefactor.

California's Courtship of Abusive Lawsuits Must End

David Houston would like California to do more to curb frivolous lawsuits targeting businesses.

Finding Value in Afterlife

Local accounting firms line up to put price on dead celebs’ estates.

Evaluating dead celebs’ estates is a booming business for some area firms.

No Longer A Laughing Matter

L.A. woman files suit over Toyota’s prank e-mail promotion.

An L.A. woman has filed suit against Toyota and an ad firm over a prank promotional e-mail.

Largest Private Companies Make Way for Newcomers

Newcomers Goldline International and ReachLocal joined the Business Journal's list of largest private companies after doubling revenues in 2008.

Guts, Gore And Green

Organizers of haunted hayride vow to deliver eco-conscious chills.

Eco-conscious organizers of the Los Angeles Haunted Hayride promise a bloody and green good time.

Guts, Gore And Green

Eco-conscious organizers of the Los Angeles Haunted Hayride promise a bloody and green good time.

Philanthropy in Plane Site

More than 340 of L.A.’s business and political elite showed up Oct. 11 for the annual gala benefit for the Alfred Mann Foundation.

Pasadena Contractors Accept Risk of Overseas Work

Two L.A.-area firms hope their new contracts in Afghanistan and Africa are worth the risks.

Best Face Forward

HOSPITALITY: Santa Monica’s Shangri-La spent $30 million to revive its celeb appeal.

Ocean liner-shaped hotel Shangri-La hopes a completed $30 million renovation will buoy business.

Digital Mail Developer Gets Stamp of Disapproval

INTERNET: Pitney Bowes claims Westlake Village’s Zumbox violated patents.

Could a patent infringement issue pull the plug on digital mail developer Zumbox?

L.A. Port’s Lobbying Sets Off Waves of Criticism

TRADE: Some truckers, shippers say money wasted in push to rewrite U.S. law.

Businesses don’t like the Port of L.A.’s decision to boost payments to a lobbying firm to push a rewrite of a federal law that will work against businesses.

Northrop Soaring Sky High After Moon Project

AEROSPACE: Company lands satellite to search for presence of water.

With the successful landing of its Lunar Crater Observation and Sensing Satellite on the moon this month, Northrop Grumman Corp. scored a publicity coup – and possibly pushed science a big step forward.

Schwarzenegger Lowers Boom on Six ‘Job Killers’

GOVERNMENT: Governor also signs bill reinstating construction permits.

Gov. Arnold Schwarzenegger upheld his tradition of rejecting “job-killer” bills by vetoing all six bills designated by the California Chamber of Commerce as such last week.

Pasadena Contractors Accept Risk of Overseas Work

CONSTRUCTION: Tetra Tech and Jacobs brave jobs in Afghanistan and Africa.

Two L.A.-area firms hope their new contracts in Afghanistan and Africa are worth the risks.

Pasadena Contractors Accept Risk of Overseas Work

CONSTRUCTION: Tetra Tech and Jacobs brave jobs in Afghanistan and Africa.

Two L.A.-area firms hope their new contracts in Afghanistan and Africa are worth the risks.

Dodgers’ Postseason Deals a Big Hit With Fans

BASEBALL: Sales rise as season ticket holders get more package options.

Last year, only three-quarters of Los Angeles Dodgers season ticket holders signed on for the postseason package.

REGIONAL REPORT

Sony Corp. has signed a five-year lease extension with Equity Office Properties for space at the Howard Hughes Center in Westchester.

Flex Space

Shifting Markets: Ad firm HCMN has been pumping up sales with its network of digital video screens and posters in gyms.

Ad firm Health Club Media Network has gotten stronger after spending a lot of time in gyms.

Scaling City Hall

Legal classes that Carmen Trutanich took while working at a fish cannery put him on the road to law school and the City Attorney’s Office.

L.A. City Attorney Carmen Trutanich plans to enforce the law on supergraphics and pot shops.

Entertainment Exec Gets in the Game With New Media

When Andy Shapiro graduated from USC film school in 2003, he was prepared to put in his time while pursuing a directorial career in Hollywood.

NEWSMAKERS

MySpace.com, an online social networking site based in Beverly Hills, has named Mark Rosenbaum chief financial officer.

No Longer A Laughing Matter

An L.A. woman has filed suit against Toyota and an ad firm over a prank promotional e-mail.

Largest Private Companies Make Way for Newcomers

GROWTH: Metals trader, Internet ad firm saw 2008 revenues rise 100 percent

Newcomers Goldline International and ReachLocal joined the Business Journal’s list of largest private companies after doubling revenues in 2008.

Northrop Soaring Sky High After Moon Project

With the successful landing of its Lunar Crater Observation and Sensing Satellite on the moon this month, Northrop Grumman Corp. scored a publicity coup and possibly pushed science a big step forward.

Dodgers' Postseason Deals a Big Hit With Fans

Last year, only three-quarters of Los Angeles Dodgers season ticket holders signed on for the postseason package.

Flex Space

Ad firm Health Club Media Network has gotten stronger after spending a lot of time in gyms.

Philanthropy in Plane Site

More than 340 of L.A.'s business and political elite showed up Oct. 11 for the annual gala benefit for the Alfred Mann Foundation.

Raising Stakes

Mall operator Macerich has forged ahead with expansion at Los Cerritos Center despite the down economy.

Proper Way to Toy With Rival

Charles Crumpley applauds doll maker MGA for fighting its rival Mattel at the cash register not in the courtroom.

A Charitable Pursuit Leads Beyond Grave

A Jewish charity has filed suit to collect nearly $17.5 million it claims it is owed by a late benefactor.

NEWS OF THE WEEK

Dodgers owner Frank McCourt and his wife, Jamie, the team's chief executive officer, have separated, raising questions about potential ramifications for the ownership of the team.

Finding Value in Afterlife

Evaluating dead celebs' estates is a booming business for some area firms.

Scaling City Hall

L.A. City Attorney Carmen Trutanich plans to enforce the law on supergraphics and pot shops.

Regulation-Sized Mess

Jot Condie believes a recent state report on the fiscal impact of business regulations is a step in the right direction.

Entertainment Exec Gets in the Game With New Media

When Andy Shapiro graduated from USC film school in 2003, he was prepared to put in his time while pursuing a directorial career in Hollywood.

NEWSMAKERS

MySpace.com, an online social networking site based in Beverly Hills, has named Mark Rosenbaum chief financial officer.

Profile of Westwood High-Rise Reaches New Heights

Listings and sales of elite L.A. executive homes.

West L.A. Event Producer Looks North for Expansion

Event producer Canon Communications LLC has acquired three Canadian trade shows in the plastics and packaging industries.

Businesses Fear 'Landmark' Decision

A city law to preserve historic buildings may leave some businesses out in the cold.

L.A. Port's Lobbying Sets Off Waves of Criticism

Businesses don't like the Port of L.A.'s decision to boost payments to a lobbying firm to push a rewrite of a federal law that will work against businesses.

Schwarzenegger Lowers Boom on Six 'Job Killers'

Gov. Arnold Schwarzenegger upheld his tradition of rejecting "job-killer" bills by vetoing all six bills designated by the California Chamber of Commerce as such last week.

CALENDAR & EVENTS

Events of interest to Los Angeles' business community.

Saturday, October 17

Bail Decision Delayed in Tax Case

A federal district court judge on Monday delayed ruling whether the former longtime tax attorney of Haim Saban will be released on bail.

Dodgers Hit The Road

Team sees ticket truck as mobile marketing tool to reach fans.

The L.A. Dodgers’ new truck provides fans with curbside ticket service.

'Pop-up' Stores Becoming Overnight Sensation

For most retail stores, staying in business for only a few days would be considered a major flop. But a growing number of merchants are opening shops and abruptly shutting them down soon after -- on purpose.

Nevada Just Doesn’t Add Up

Comment

Nevada fails to charm Charles Crumpley as a place to set up business.

Music Producer’s Digs Can’t Be Had for a Song

CHIEF DWELLINGS: Peter Asher’s Malibu home sets a record summer lease rate.

Listings and sales of L.A.’s elite executive homes.

NEWSMAKERS

Greenberg Glusker, a Century City law firm specializing in real estate and entertainment law, has named Bob Baradaran chairman of the firm’s real estate group. Previously, Baradaran was a partner in the group.

Moving to Los Angeles a Blessed Event for Publisher

Hofite Huddleston said she learned the power of media, marketing and events at an early age.

Driver’s Seat

Art Leahy, the son of streetcar operators, has gone from working a bus route to running the MTA.

His experience as a bus driver helps MTA Chief Executive Art Leahy get a line on the job.

Dire Streets

Economic downturn has non-profit that hires former gang members scrambling to find funding.

Homeboy Industries is hitting the streets to find funding for its gang-intervention program.

REGIONAL REPORT

PS Business Parks Inc., a Glendale-based real estate services firm, has announced a public offering of 3 million shares from which it hopes to net $133 million

Orange County Newspaper Hands Delivery to Times

MEDIA: Register hopes to save $1 million a year in deal with northern rival.

The Orange County Register has hired a new paperboy: the Los Angeles Times.

Web Video Makers Hope Software Finds Audience

INTERNET: Duo launches Umbrella to manage online social networking sites.

The creative duo behind popular online videos has branched out into Internet software.

Capital Markets Loosen Up for Century City Firm

INVESTMENT: Imperial raises $75 million for movie tech business Cinedigm.

Who says companies can’t raise any money these days?

New Koreatown Mall Holds a Little Bit of Seoul

DEVELOPMENT: Retail-entertainment complex has South Korean touches.

A new Koreatown mall was built with an eye toward South Korean design details.

L.A. Cargo Handler Anticipates Wave of Growth

EXPANSION: American President plans massive build-up at Pier 300.

Container traffic may be down, but that’s not holding back American President Lines Ltd. from expanding its presence at the Port of Los Angeles.

White-Collar Career Takes Off for Ex-Navy Pilot

HIRING: Paul Hastings’ downtown L.A. office lands former U.S. attorney.

As a Navy officer, Thomas O’Brien spent much of his career flying F-14 Tomcats. In the U.S. Attorney’s Office, he indicted high-profile criminals and supervised their prosecution.

Lobbyists Say They Don’t Need No Stinkin’ Badges

GOVERNMENT: Proposed identification program stirs ire in Beverly Hills.

Lobbyists feel they’re being singled out by a proposed Beverly Hills ID program

Video Game Developer’s Price Hike Pounded in U.K.

ENTERTAINMENT: Activision blames weakness of British currency for spike.

U.K. gamers are blasting Activision’s price increase for its upcoming war title.

Loss Leader?

REAL ESTATE: Koreatown condo tower borrows retail practice of slashing prices on some units to spur deals.

Marketing consultant Harry Dubin used retail-style price slashing to sell condos in Koreatown.

New Koreatown Mall Holds a Little Bit of Seoul

DEVELOPMENT: Retail-entertainment complex has South Korean touches.

A new Koreatown mall was built with an eye toward South Korean design details.

Fiddler in the Law Firm

Instead of sending her kids to camp this summer, downtown L.A. attorney Nancy Smith sent herself … to fiddle camp

Commercial Appeal for Directors

Venice ‘Institute’ turns to Hollywood names to move product.

A Venice commercial-making company rolls with Hollywood directors.

New Age for Medical Treatment?

Beverly Hills surgeon pushes nontraditional therapies at new clinic.

A Beverly Hills doctor to the stars has opened a clinic to push nontraditional treatments.

Malibu Stuck In Septic Muck

GOVERNMENT: Water board says tanks but no tanks.

Sewage issues are backing up in Malibu as the regional water board moves to ban septic tanks in the city.

Sex Doesn’t Sell

Frederick’s tones down to get on mass-market racks.

Lingerie maker Frederick’s of Hollywood plans to launch a toned-down line of women’s wear for mass retailers.

Showbiz Folks: Check Your Contract Before Your Next Tweet

Hollywood is coming down with the Twitter jitters. There's a growing number of studio deals with new language aimed specifically at curbing usage of social-media outlets by actors, execs and other creatives.

Friday, October 16

Unemployment Rises Again

L.A. County’s unemployment rate jumped in September to yet another modern record high of 12.7 percent as the county’s tourism and film industries took significant job hits.

Lions Gate Offers Notes to Repay Debt

Lions Gate Entertainment Corp. said that a wholly owned subsidiary will sell $236 million in senior secured second-priority notes in a private offering.

This Week’s Big Movers

The Los Angeles Business Journal’s index of the 200 largest local public companies closed nearly flat for the week ended Oct. 16. Positive news about U.S. manufacturing growth was offset by word that the federal budget deficit had grown to an all-time high of $1.42 trillion.

Mattel Profit Falls

Mattel Inc. said its third quarter profit dropped 3 percent as expected as the tough economy dampened demand for flagship brands such as Barbie and Fisher-Price.

Update: September Cargo Volume Down at Ports

Cargo volume at the ports of Los Angeles and Long Beach slowed in September, a normally busy shipping month, indicating the economy remains weak, according to new figures.

Lions Gate Offers Notes to Repay Debt

Lions Gate Entertainment Corp. said that a wholly owned subsidiary will sell $236 million in senior secured second-priority notes in a private offering.

Regulators Resist Music Merger

The proposed merger of Ticketmaster Entertainment Inc. and Live Nation Inc. is facing stiff antitrust resistance and will require major concessions.

Unemployment Rises Again

L.A. County's unemployment rate jumped in September to yet another modern record high of 12.7 percent as the county's tourism and film industries took significant job hits.

Mattel Profit Falls

Mattel Inc. said its third quarter profit dropped 3 percent as expected as the tough economy dampened demand for flagship brands such as Barbie and Fisher-Price.

This Week's Big Movers

The Los Angeles Business Journal's index of the 200 largest local public companies closed nearly flat for the week ended Oct. 16. Positive news about U.S. manufacturing growth was offset by word that the federal budget deficit had grown to an all-time hig

Thursday, October 15

Los Angeles Plans Small Business Loan Program

Los Angeles Mayor Antonio Villaraigosa announced a $15 million loan program for small businesses in the city.

Dole Drops Lawsuit Against ‘Bananas!’ Filmmaker

Dole Foods said it is dropping a defamation lawsuit against a Swedish filmmaker after complaints that it was trying to limit free speech.

Joe's Jeans Sees Improved Quarter

Joe's Jeans Inc. said that its net income rose 5.5 percent in its third quarter due to higher revenue across all its distribution channels, including domestic women and men’s wear, licensing and retail.

Hi Shear Posts Profit Decline

Hi Shear Technology Corp. said that its fiscal first quarter earnings slid 5 percent as the maker of pyrotechnic and other products for the aerospace and defense industries prepares to be acquired by a British company.

Dole Drops Lawsuit Against ‘Bananas!’ Filmmaker

Dole Foods said it is dropping a defamation lawsuit against a Swedish filmmaker after complaints that it was trying to limit free speech.

Dole Drops Lawsuit Against 'Bananas!' Filmmaker

Dole Foods said it is dropping a defamation lawsuit against a Swedish filmmaker after complaints that it was trying to limit free speech.

FDIC Asks Court to Stop Concerto Condo Sales

The Federal Deposit Insurance Corp. has filed a motion in U.S. Bankruptcy Court seeking to prevent developer Sonny Astani from closing the sales on 77 loft units at his downtown condo project, the developer said.

Hi Shear Posts Profit Decline

Hi Shear Technology Corp. said that its fiscal first quarter earnings slid 5 percent as the maker of pyrotechnic and other products for the aerospace and defense industries prepares to be acquired by a British company.

McCourts Gearing Up for Divorce Battle

Jamie McCourt reportedly has no interest in surrendering her ownership involvement with the Dodgers, setting the stage for a protracted battle for control of the club between McCourt and her husband Frank, who have announced their separation.

Highridge Partners Buys Santa Ana Office Building

Los Angeles real estate investor Highridge Partners has bought a Santa Ana office building as it launched a program to purchase $500 million worth of depressed commercial properties in California.

Poll: Is a Multimillion Dollar Condo a Good Investment Now?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. Easy access to the poll is available from links on the left column of the home page. A new poll is now online.

Joe's Jeans Sees Improved Quarter

Joe's Jeans Inc. said that its net income rose 5.5 percent in its third quarter due to higher revenue across all its distribution channels, including domestic women and men's wear, licensing and retail.

Beverly Hills Investment Advisor Pleads Guilty

Beverly Hills investment advisor Michael McCready, accused of using millions of dollars from investors to bankroll girlfriends' businesses and finance a movie, has pleaded guilty to federal fraud charges that could lead to 20 years in jail.

Los Angeles Plans Small Business Loan Program

Los Angeles Mayor Antonio Villaraigosa announced a $15 million loan program for small businesses in the city.

Wednesday, October 14

September Sales Fall at CKE Restaurants

California's struggling economy continues to hurt same-store sales at Carl’s Jr. fast food restaurants, according to chain owner CKE Restaurants Inc.

Cathay Prices Public Offering

Cathay General Bancorp has priced a secondary public offering of 7.6 million shares of common stock at $9.25 per share, for gross proceeds of about $70 million.

FDIC Asks Court to Stop Concerto Condo Sales

The Federal Deposit Insurance Corp. has filed a motion in U.S. Bankruptcy Court seeking to prevent developer Sonny Astani from closing the sales on 77 loft units at his downtown condo project, the developer said.

Pitney Bowes Files Suit Against Zumbox

Pitney Bowes Inc. has filed suit against Zumbox, alleging the Westlake Village start-up’s “paperless mail” service infringes on its patents.

Sumner Redstone's Financial Picture Brightens

Big gains in the value of his family's shares in Viacom Inc. and CBS Corp. have given the billionaire Sumner Redstone some badly needed leverage with his lenders.

Cathay Prices Public Offering

Cathay General Bancorp has priced a secondary public offering of 7.6 million shares of common stock at $9.25 per share, for gross proceeds of about $70 million.

Pitney Bowes Files Suit Against Zumbox

Pitney Bowes Inc. has filed suit against Zumbox, alleging the Westlake Village start-up's "paperless mail" service infringes on its patents.

Mattel Settles Suit Over Lead in China-Made Toys

Mattel Inc. and its Fisher-Price unit agreed to settle a class-action lawsuit related to a 2007 recall of millions of toys made in China that were found to contain high levels of lead.

Dole's Value Drops by Half in 6 Years

Dole Food Co. has lost half its value since billionaire David Murdock bought the company six years ago in a transaction valued at $2.5 billion, according to regulatory filings for its initial public offering.

September Sales Fall at CKE Restaurants

California's struggling economy continues to hurt same-store sales at Carl's Jr. fast food restaurants, according to chain owner CKE Restaurants Inc.

Tuesday, October 13

Jacobs Announces Morocco Joint Venture, Amtrak Contract

Jacobs Engineering Group Inc. said that it is entering into a joint venture with longtime client Office Cherifien Des Phosphates to make fertilizer in Morocco. It also announced a large contract with Amtrak, the U.S. passenger rail service.

Update: September Cargo Volume Down at Ports

Cargo volume at the ports of Los Angeles and Long Beach slowed in September, a normally busy shipping month, indicating the economy remains weak, according to new figures.

Dole Commences IPO

Dole Food Co. Inc. has launched an initial public offering of more than 35.7 million shares of common stock, which is expected to price between $13 and $15 per share. That should raise roughly $500 million.

More Layoffs Rumored at Current TV

San Francisco-based Current Media, cofounded by former Vice President Al Gore, is looking to lay off more Bay Area employees as video production shifts to Los Angeles, according to a source familiar with its plans.

Dole Commences IPO

Dole Food Co. Inc. has launched an initial public offering of more than 35.7 million shares of common stock, which is expected to price between $13 and $15 per share. That should raise roughly $500 million.

Disney's Retail Plan Is a Theme Park in Its Stores

The Walt Disney Company, with the help of Steven P. Jobs and his retailing team at Apple, intends to drastically overhaul its approach to the shopping mall.

Jacobs Announces Morocco Joint Venture, Amtrak Contract

Jacobs Engineering Group Inc. said that it is entering into a joint venture with longtime client Office Cherifien Des Phosphates to make fertilizer in Morocco. It also announced a large contract with Amtrak, the U.S. passenger rail service.

Monday, October 12

Governor Vetos 'Job Killers'

Gov. Arnold Schwarzenegger has vetoed all six bills designated by the California Chamber of Commerce as “job killers,” but also signed other bills seen as creating or preserving jobs in the state.

Cathay Commences Public Offering

Cathay General Bancorp said that it has begun a secondary public offering of its common stock, with expected gross proceeds of up to $70.5 million.

London & Pacific Changes Its Name

London Pacific & Partners Inc., formerly known as London & Pacific Healthcare Inc., announced that it has changed its name to reflect its wider focus into additional market segments.

Northrop Wins Multiple Military Contracts

The Pentagon has awarded Northrop Grumman Corp. four contracts totaling more $116 million, with the largest a $58 million contract to complete a counter-rocket artillery and mortar system for the Army.

KB Home Discloses New SEC Investigation

KB Home said in a regulatory filing that the Securities and Exchange Commission is investigating it for possible accounting and disclosure violations.

Tetra Tech Wins Sustainable Water Contracts

A unit of Tetra Tech Inc. has been awarded two task orders for sustainable water projects in rural Afghanistan and sub-Saharan Africa that have a combined value of more than $69 million.

Rolling in Las Vegas

A Studio City discount ticketing business has feasted on Las Vegas' famine.

Financial Software Pays For Firm's Co-Founders

Two decades ago, Dale Okuno and Dilip Sontakey co-founded finance software company E-Z Data Inc. with about $4,000.

Dial-Up Pioneer Sees Net Gains in Floral Service

These days, Mark Goldston is probably best known as the king of dial-up Internet. But don't pigeonhole Goldston as a tech guy.

Applebee's Grows Fat on Discounts

A steady diet of discount deals has helped DineEquity chain Applebee's draw customers in the recession.

Documentary Maker Files Claim in Dole Food Fight

The battle between Dole Food Co. Inc. and Swedish filmmaker Fredrik Gertten over his documentary "Bananas!" is getting juicier.

Vivendi a Key Player in Potential NBC Universal Sale

It may own a mere 20 percent of NBC Universal, but Vivendi is calling the shots when it comes to whether the fabled movie studio and television company will end up in the hands of cable company Comcast Corp. or some other buyer.

Take Home The Bronze

A Beverly Hills hotel is showcasing bronze sculptures for a local charity's fundraiser.

MySpace Parent Now Finds Himself in Demand

There are plenty of entrepreneurs in Los Angeles who have started more companies than Richard Rosenblatt. But you'd be hard-pressed to find many who have sold them for more.

Bicycle Station Builder Switches Into High Gear

With some Americans increasingly living a more active lifestyle less dependent on cars, a Long Beach company that develops commuter bike stations is pedaling to fast growth.

Culver City Plugs Up Oil Firm's Drilling Rights

Culver City's drilling moratorium isn't sitting well with a Houston oil company.

New Sense of Self-Worth Drives Discount Chain

When Eric Schiffer took over 99 Cents Only Stores in 2005 from his father-in-law and founder, David Gold, the discount chain was experiencing severe growing pains.

Links to Dodgers Memories

Farmer John has stepped up to the plate with a new campaign linking Dodgers fans and its hot dogs.

NEWS OF THE WEEK

Los Angeles County District Attorney Steve Cooley declared all medical marijuana dispensaries in the county are operating illegally, and said they'd be prosecuted.

Non-Profit's Focus on 'Impact' Makes an Impression

Elise Buik had a vision when she took the helm of United Way of Greater Los Angeles in 2005. Simply put, it was to guide the staid non-profit beyond its fundraising roots into the frontlines of "impact and mission."

Driving Up Sales With Latinos

Chevron is accenting new products for the Hispanic market at its service stations.

Long Beach Studios in Deal with Boeing

A much-hyped movie studio may be in, and a Tesla Motors assembly plant out, at the former site of a Boeing 717 manufacturing plant in Long Beach.

Summer Sizzle Fades for County Home Market

Sales volume and prices in September remained relatively flat in Los Angeles County compared with August.

Startups Begin To Stack Up

Frank Addante has already started five companies. And he's only 33.

Who Wrote the Book of Love?

In the popular "Sex and the City" movie that hit the big screen last year, Sarah Jessica Parker's character is glued to the book "Love Letters of Great Men."

Wall Street Doesn't Hold Breath on Inhaled Insulin

The collapse of a marketing deal has fed Wall Street's doubts about MannKind's inhaled insulin.

Sick of the Silence

Harold L. Katz calls for the creation of a blue ribbon health reform panel free of the usual politics.

Architect Keeps Family's Firm Afloat by Design

Architect Christopher Martin knows a thing or two about riding out a recession. The chief executive of AC Martin Partners Inc. survived the recession of the early 1990s as did his family's 103-year-old downtown L.A. architect firm.

Lender Unloads Property From Bankrupt Developer

The Flat, an apartment building just west of the Pasadena (110) Freeway in downtown Los Angeles, has been sold by the lender that took over the property after the developer went bankrupt.

Executive Search Partner Takes Note of Music Project

After one year at USC, Darin DeWitt decided to quit school in 1988 and start a business with a friend. The two launched a health care management services firm that focused on the obstetrics and gynecology sectors.

L.A. Savings and Loan in Dire Need of Capital Idea

With time running out for the area's second largest savings and loan, drastic steps are being taken to raise capital.

CALENDAR & EVENTS

Events of interest to the Los Angeles business community.

Midwestern Transplant Roots for L.A. Business

Gary Toebben took the helm of the Los Angeles Area Chamber of Commerce three years ago under circumstances that would be trying for any chief executive.

Pulling Plug on Wasteful DWP Practice

Carl Olson has been drained by the DWP's waste of good drinking water.

Driven Away

Ports’ clean air program shuts down some truckers.

The ports’ clean air program has meant the end of the road for some drivers and small trucking companies.

Market Has Builder Thinking Small

CONSTRUCTION: KB Home cuts sizes, prices for housing line.

KB Homes hopes its line of smaller houses will translate into bigger sales.

Applebee’s Grows Fat on Discounts

HOSPITALITY: Chain bucks sector slowdown with deals.

A steady diet of discount deals has helped DineEquity chain Applebee’s draw customers in the recession.

Driving Up Sales With Latinos

Chevron revamps gas stations to appeal to Hispanic customers.

Chevron is accenting new products for the Hispanic market at its service stations.

Links to Dodgers Memories

New Farmer John’s hot dog ads seek to tap fans’ nostalgia.

Farmer John has stepped up to the plate with a new campaign linking Dodgers fans and its hot dogs.

Take Home The Bronze

Beverly Hills charity gets boost from artist’s statue sale at hotel.

A Beverly Hills hotel is showcasing bronze sculptures for a local charity’s fundraiser.

Who Wrote the Book of Love?

In the popular “Sex and the City” movie that hit the big screen last year, Sarah Jessica Parker’s character is glued to the book “Love Letters of Great Men.”

NEWS OF THE WEEK

Los Angeles County District Attorney Steve Cooley declared all medical marijuana dispensaries in the county are operating illegally, and said they’d be prosecuted.

Rolling in Las Vegas

ENTERTAINMENT: Local firm hits jackpot with cut-rate tickets to city’s shows.

A Studio City discount ticketing business has feasted on Las Vegas’ famine.

Rosewood Beverage Maker’s Cup Runneth Over

RETAIL: Reed’s expands plant to handle work from new distribution deals.

Soda maker Reed’s is shaking things up with a plant expansion, and new distribution deals and drinks.

Wall Street Doesn’t Hold Breath on Inhaled Insulin

HEALTH CARE: MannKind stock tumbles after deal with marketing partner collapses.

The collapse of a marketing deal has fed Wall Street’s doubts about MannKind’s inhaled insulin.

L.A. Savings and Loan in Dire Need of Capital Idea

INVESTMENT: FirstFed plans reverse split to boost value of penny stock.

With time running out for the area’s second largest savings and loan, drastic steps are being taken to raise capital.

Documentary Maker Files Claim in Dole Food Fight

DEFAMATION: ‘Bananas!’ director seeks damages, claims protected speech.

The battle between Dole Food Co. Inc. and Swedish filmmaker Fredrik Gertten over his documentary “Bananas!” is getting juicier.

Financial Software Pays For Firm’s Co-Founders

SALE: Pasadena-based E-Z Data is acquired by Ebix for $50.4 million.

Two decades ago, Dale Okuno and Dilip Sontakey co-founded finance software company E-Z Data Inc. with about $4,000.

Culver City Plugs Up Oil Firm’s Drilling Rights

Culver City’s drilling moratorium isn’t sitting well with a Houston oil company.

Bicycle Station Builder Switches Into High Gear

TRADE & TRANSPORT: Long Beach firm unveils facility near Union Station in D.C.

With some Americans increasingly living a more active lifestyle less dependent on cars, a Long Beach company that develops commuter bike stations is pedaling to fast growth.

REGIONAL REPORT

Back Into It: The Pomona-based Casa Colina Centers for Rehabilitation has opened two spinal treatment centers.

Board Room Issues

As cities cut back on expenses, skate park builder Spohn Ranch scales down and pursues new clients.

Skate park construction firm Spohn Ranch looks to rustle up new customers beyond municipalities.

Making the Cut

Gary Burnison likes everything about his job at Korn/Ferry International except overseeing job cuts.

On the Hoof

Glendale’s family-run Heacock Welding boosted revenue by moving into building horse trailers.

Horse sense led Glendale’s Heacock Welding to begin making trailers for equestrians.

Executive Search Partner Takes Note of Music Project

After one year at USC, Darin DeWitt decided to quit school in 1988 and start a business with a friend. The two launched a health care management services firm that focused on the obstetrics and gynecology sectors.

NEWSMAKERS

Intro

Kinecta Federal Credit Union in Manhattan Beach has named Brian Robinett vice president of mortgage lending operations.

Most Admired CEOs

Intro

Chief executive is a title that carries a certain esteem, but who are the CEOs praised by peers and employees? The Business Journal uncovers L.A.’s most admired chief execs.

Lender Unloads Property From Bankrupt Developer

SALE: Chinatrust sells apartments in downtown L.A. for $20 million.

The Flat, an apartment building just west of the Pasadena (110) Freeway in downtown Los Angeles, has been sold by the lender that took over the property after the developer went bankrupt.

Seeing Through Pot-Shop Haze

Comment

Charles Crumpley wonders if some of those 1,600 or so marijuana shops may be snuffed out.

Summer Sizzle Fades for County Home Market

HOUSING: September sales volume and prices remain at same levels as August.

Sales volume and prices in September remained relatively flat in Los Angeles County compared with August.

Dial-Up Pioneer Sees Net Gains in Floral Service

Most Admired CEOs

These days, Mark Goldston is probably best known as the king of dial-up Internet. But don’t pigeonhole Goldston as a tech guy.

Midwestern Transplant Roots for L.A. Business

Most Admired CEOs

Gary Toebben took the helm of the Los Angeles Area Chamber of Commerce three years ago under circumstances that would be trying for any chief executive.

Non-Profit’s Focus on ‘Impact’ Makes an Impression

Most Admired CEOs

Elise Buik had a vision when she took the helm of United Way of Greater Los Angeles in 2005. Simply put, it was to guide the staid non-profit beyond its fundraising roots into the frontlines of “impact and mission.”

Startups Begin To Stack Up

Most Admired CEOs

Frank Addante has already started five companies. And he’s only 33.

MySpace Parent Now Finds Himself in Demand

Most Admired CEOs

There are plenty of entrepreneurs in Los Angeles who have started more companies than Richard Rosenblatt. But you’d be hard-pressed to find many who have sold them for more.

Chief Exec’s Success Well-Documented

Most Admired CEOs

When Jason Nazar was in his last year at Pepperdine University getting his dual J.D.-MBA degree, he spent much of his time working as a consultant to startups.

Architect Keeps Family’s Firm Afloat by Design

Most Admired CEOs

Architect Christopher Martin knows a thing or two about riding out a recession. The chief executive of AC Martin Partners Inc. survived the recession of the early 1990s – as did his family’s 103-year-old downtown L.A. architect firm.

New Sense of Self-Worth Drives Discount Chain

Most Admired CEOs

When Eric Schiffer took over 99 Cents Only Stores in 2005 from his father-in-law and founder, David Gold, the discount chain was experiencing severe growing pains.

Bicycle Station Builder Switches Into High Gear

TRADE & TRANSPORT: Long Beach firm unveils facility near Union Station in D.C.

With some Americans increasingly living a more active lifestyle less dependent on cars, a Long Beach company that develops commuter bike stations is pedaling to fast growth.

Pulling Plug on Wasteful DWP Practice

OP-ED

Carl Olson has been drained by the DWP’s waste of good drinking water.

Making the Cut

Gary Burnison likes everything about his job at Korn/Ferry International except overseeing job cuts.

Friday, October 9

The Week's Big Movers

The Los Angeles Business Journal's index of the 200 largest local public companies closed up for the week ending Oct. 9, the first gain after two weeks of decline. The upward movement was broad-based during a week in which various reports indicated the ec

99 Cents Only's Quarter Disappoints Investors

99 Cents Only Stores reported revenue of $325 million in the second quarter, barely missed analysts' expectations of $326 million.

Citigroup Sells Phibro Trading Unit to Occidental

Citigroup Inc., under pressure from the Obama administration to curb compensation, agreed to sell its Phibro LLC energy-trading business to avert a showdown over a potential $100 million payout to the chief of the unit.

Thursday, October 8

Hot Topic Sales Decline 4 Percent, Beat Estimates

Hot Topic, the teen clothing retailer based in City of Industry, said Wednesday that same-store sales for September declined 4 percent. However, analysts polled by Thomson Reuters predicted a decline of 6.3 percent, making the company's negative performan

Brighter Guidance, Upgrade Lift California Pizza Stock

Optimistic financial projections and high marks from analysts pushed up shares of California Pizza Kitchen nearly 10 percent in mid-morning trading Thursday.

U.K. Agency Opposes Ticketmaster-Live Nation Merger

The U.K. Competition Commission on Thursday provisionally ruled against the proposed merger of two Los Angeles-based live entertainment companies.

Cathay Bank Trims Bad Loans in Third Quarter

Cathay General Bancorp on Thursday announced its quarterly loss was greater than expected but that it has cut its portfolio of delinquent loans by 50 percent, sending the company's shares higher.

Manufacturing Sector Turns Corner

California's manufacturing companies have already entered recovery mode, according to a quarterly survey from Chapman University.

Wednesday, October 7

Port Updates Incentive Plan for Inter-Modal Shippers

The Long Beach Harbor Commissioners have changed a five-month-old incentive plan in hopes of increasing the volume of rail cargo through the Port of Long Beach.

Bank of Manhattan Closes Purchase of Startup Brokerage

Manhattan Bancorp, the holding company for Bank of Manhattan in El Segundo, announced Wednesday it has completed its investment in a startup mortgage brokerage run by three former Countrywide executives.

American Apparel Amends Debt Terms

One of American Apparel Inc.'s big lenders has agreed to temporarily waive a requirement that the company maintain a specific debt-to-earnings ratio.

Troubled Toyota: Patent Ruling, Recall Hurt Image

Last year, Torrance-based Toyota overtook General Motors to become the world's No. 1 automaker. However, 2009 has come like an oil slick on an icy road.

Port Updates Incentive Plan for Inter-Modal Shippers

The Long Beach Harbor Commissioners have changed a five-month-old incentive plan in hopes of increasing the volume of rail cargo through the Port of Long Beach.

Bank of Manhattan Closes Purchase of Startup Brokerage

Manhattan Bancorp, the holding company for Bank of Manhattan in El Segundo, announced Wednesday it has completed its investment in a startup mortgage brokerage run by three former Countrywide executives.

KFI Retains Title as L.A.'s Top Radio Station

The news talk station retained its hold on the No. 1 spot in September's L.A. radio ratings with a 5 percent listener share, according to data from Arbitron Inc.

Tuesday, October 6

World Poker Tour Changes Name to Ante4

World Poker Tour Enterprises, which recently completed the sale of its World Poker Tour to an international gaming company, on Friday announced that it had changed its name to Ante4 Inc.

MannKind Says It Won’t Get Marketing Partner This Year

MannKind Corp. announced that it won’t find a marketing partner for its inhaled insulin drug until at least 2010, sparking a sell-off of its stock

MannKind Says It Won't Get Marketing Partner This Year

MannKind Corp. announced that it won't find a marketing partner for its inhaled insulin drug until at least 2010, sparking a sell-off of its stock.

Airport Settles $75 Million Debt

The Los Angeles World Airports announced late Monday an agreement with United Airlines and UMB Bank to settle a debt dating from the 1984 Olympics.

Ex-DWP Chief May Continue to Draw Salary

David Nahai would be paid his full salary through December, working as an "on-call consultant," under a proposal to be considered today by the Water and Power Commission.

Nara Bank Signs New Employment Contract With CEO

Nara Bancorp Inc., a Los Angeles-based bank focused on the Korean American market, has signed a three-year employment agreement with Chief Executive Min Kim.

Monday, October 5

Reed’s Sodas Upgrades Bottling Plant, Issues Shares

Reed’s Inc., the Los Angeles-based manufacturer of natural soda drinks, announced a retrofit of its manufacturing facility and that it plans to issue new stock.

BreitBurn Rises on News of Lower Debt Load

Heavily indebted oil and gas producer BreitBurn Energy Partners L.P. announced Monday that it had paid down $150 million of its debt, sparking its shares to rally.

DTS Stock Jumps Nearly 10 Percent on Upgrade

Shares of DTS Inc., the maker of audio equipment in Agoura Hills, increased almost 10 percent Monday morning after an analyst upgraded his rating to “buy” from “hold.”

Can Brentwood Country Mart Re-create Success?

The kitschy, barn-themed landmark has been around since 1948. Now landlord and developer James Rosenfield plans to take its down-home yet upscale sensibility to Malibu, Montecito and Marin County.

Featured Profile: Intellectual Property Attorney Ian Ballon

WHO'S WHO IN LAW - Intellectual Property

Ian Ballon’s intellectual property career started with a speech.

Featured Profile: Labor and Employment Attorney David Wimmer

WHO'S WHO IN LAW - Labor and Employment

As a child in Palmerton, Pa., David Wimmer watched his father and grandfather work as attorneys.

Mini-Profiles of Top Labor and Employment Attorneys

WHO'S WHO IN LAW - Labor and Employment

Mini-Profiles of Top Labor and Employment Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Litigation Attorneys

WHO'S WHO IN LAW - Litigation

Mini-Profiles of Top Litigation Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Featured Profile: Litigation Attorney Scott Edelman

WHO'S WHO IN LAW - Litigation

Before Scott Edelman got the call to defend Dole Food Co., he had to field questions from Dole owner and billionaire David Murdock.

Featured Profile: Media and Entertainment Attorney Michael Hobel

WHO'S WHO IN LAW - Media and Entertainment

Before there was “Survivor” or “American Idol” there was Michael Hobel.

Mini-Profiles of Top Media and Entertainment Attorneys

Mini-Profiles of Top Media and Entertainment Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Featured Profile: Real Estate Attorney Susan Fowler McNally

WHO'S WHO IN LAW - Real Estate

Susan Fowler McNally studied urban planning in college. But after a few internships, she realized that if she wanted to have an impact in planning, development and sustainability, a career in law was a better way to go.

Mini-Profiles of Top Real Estate Attorneys

WHO'S WHO IN LAW - Real Estate

Mini-Profiles of Top Real Estate Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Featured Profile: Tax Attorney Michael Morris

WHO'S WHO IN LAW - Tax

Tax law and rock ’n’ roll peacefully co-exist in the practice of Michael Morris.

Mini-Profiles of Top Tax Attorneys

WHO'S WHO IN LAW - Tax

Mini-Profiles of Top Tax Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Featured Profile: Trust & Estates Attorney Margaret Lodise

WHO'S WHO IN LAW - Trust & Estates

Margaret Lodise can’t remember a time when she didn’t want to be a lawyer.

Mini-Profiles of Top Trust & Estate Attorneys

Mini-Profiles of Top Trust & Estate Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers

Mini-Profiles of Top White Collar Attorneys

WHO'S WHO IN LAW - White Collar

Mini-Profiles of Top White Collar Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers

Featured Profile: White Collar Attorney Brian Sun

A nuclear scientist accused of fraud. A law enforcement official accused of corruption. And that’s just a sample of the high-profile cases that Brian Sun has successfully defended.

Newegg Takes Crack at IPO

Online vendor Newegg hopes it can crack the tough IPO market.

Some L.A. Companies Have Good News to Share

There's been positive news for some L.A. public companies, but does that herald a broader recovery?

Wrong Way on Olvera Street

Charles Crumpley hates to watch the city stumble in its dealings with Olvera Street merchants.

Speaking Terms

After pulling the plug on Adam Carolla, CBS Radio is now backing the talk show host's podcasts.

Mini-Profiles of Top Labor and Employment Attorneys

Mini-Profiles of Top Labor and Employment Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Real Estate Attorneys

Mini-Profiles of Top Real Estate Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Corporate Attorneys

Mini-Profiles of Top Corporate Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Executive Chef Likes to Keep Things Fresh in the Kitchen

Chef Tony Esnault discovered his passion for fresh food as a child during the summers he spent at his grandparents' farm in France.

Action Sports Network Makes Move on Sponsor

Action sports network Fuel TV is going on a road trip.

Featured Profile: Government Affairs Attorney George Kieffer

George Kieffer has been with Mannatt Phelps & Phillips since graduating from UCLA law school 36 years ago.

Featured Profile: Real Estate Attorney Susan Fowler McNally

Susan Fowler McNally studied urban planning in college. But after a few internships, she realized that if she wanted to have an impact in planning, development and sustainability, a career in law was a better way to go.

Marketing Director Stays Family-Minded at New Job

Michael Stone has made the jump from UCLA to "the real world."

Mini-Profiles of Top Corporate Attorneys

WHO'S WHO IN LAW - Corporate

Mini-Profiles of Top Corporate Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Featured Profile: Environmental Attorney Jocelyn Thompson

When Jocelyn Thompson tells people she is an environmental lawyer, they usually assume she works for the Sierra Club. In fact, as another lawyer recently quipped at a party, "She represents the polluters."

State Office Says Warnings Will Work for Food

Food industry groups are concerned about proposed state regulations that would require warning labels for foods that contain chemical compounds the state deems harmful.

Under the Skin

Pop culture Web site operator BuzzMedia contends it was seriously taken in its deal for TheSuperficial.

Namvar Hospitality Deal Biggest in L.A. This Year

SALE: Hotel Angeleno in Brentwood acquired by Ascot for $35 million.

The landmark Hotel Angeleno has been sold by bankrupt Brentwood businessman Ezri Namvar for $35 million in the county’s largest hospitality transaction this year.

BreitBurn Rises on News of Lower Debt Load

Heavily indebted oil and gas producer BreitBurn Energy Partners L.P. announced Monday that it had paid down $150 million of its debt, sparking its shares to rally.

High End, Low Rent?

Everything is pricey about Rodeo Drive shops except the rents.

Hollywood Classes Up The Place

Hollywood business groups have enrolled in an effort to promote the area's postsecondary schools.

Featured Profile: Intellectual Property Attorney Ian Ballon

Ian Ballon's intellectual property career started with a speech.

Wrong Way on Olvera Street

Comment

Charles Crumpley hates to watch the city stumble in its dealings with Olvera Street merchants.

High-Schoolers Make Grade With L.A. Businesses

A local Catholic boys school lines up work for its students to help defray tuition.

Philanthropic Hilton Not Giving Away Mansion

LISTED: 4,430-square-foot Malibu property goes on market at $2.96 million.

Listings and sales of elite L.A. executive homes.

NEWS OF THE WEEK

Actor and director Ken Howard was elected president of the Screen Actors Guild, capping a bitter election campaign that divided Hollywood's largest union.

Paying Sacramento’s Water Bill

State lawmakers need to reach a deal on financing measures sustaining the Sacramento-San Joaquin Delta.

Holly Schroeder and David Fleming urge state lawmakers to reach a funding deal that will help stabilize California’s water issues.

California’s Workers’ Comp a Medical System Worth Imitating

Daniel D. Crowley touts the state’s workers’ compensation system.

Frozen-Food Maker Looks to Light Fire Under Sales

Private label frozen-food manufacturer Overhill Farms Inc. announced last week that it has signed a sales and distribution deal with McDonald's French fries supplier J.R. Simplot Co.

Featured Profile: Bankruptcy Attorney Paul Aronzon

WHO'S WHO IN LAW - Bankruptcy

Paul Aronzon left law and tried his hand at investment banking for two years, but realized he missed the legal life and decided to return to his old firm, Milbank Tweed.

Mini-Profiles of Top Bankruptcy Attorneys

WHO'S WHO IN LAW - Bankruptcy

Mini-Profiles of Top Bankruptcy Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

NEWSMAKERS

The Los Angeles Times has named Nicholas Goldberg editor of the editorial pages.

Featured Profile: Corporate Attorney James Beaubien

WHO'S WHO IN LAW - Corporate

James Beaubien knows how to do big deals.

Featured Profile: Environmental Attorney Jocelyn Thompson

WHO'S WHO IN LAW - Environmental

When Jocelyn Thompson tells people she is an environmental lawyer, they usually assume she works for the Sierra Club. In fact, as another lawyer recently quipped at a party, “She represents the polluters.”

Mini-Profiles of Top Environmental Attorneys

WHO'S WHO IN LAW - Environmental

Mini-Profiles of Top Environmental Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Featured Profile: Government Affairs Attorney George Kieffer

WHO'S WHO IN LAW - Government Affairs

George Kieffer has been with Mannatt Phelps & Phillips since graduating from UCLA law school 36 years ago.

Mini-Profiles of Top Government Affairs Attorneys

WHO'S WHO IN LAW - Government Affairs

Mini-Profiles of Top Government Affairs Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Intellectual Property Attorneys

WHO'S WHO IN LAW - Intellectual Property

Mini-Profiles of Top Intellectual Property Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.’s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Tax Attorneys

Mini-Profiles of Top Tax Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Meet L.A.'S Top 100 Lawyers

Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Channel Changer

Walter Ulloa says he and Spanish-language media have been on the same wavelength since childhood.

Mini-Profiles of Top Litigation Attorneys

Mini-Profiles of Top Litigation Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Intellectual Property Attorneys

Mini-Profiles of Top Intellectual Property Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Trust & Estate Attorneys

Mini-Profiles of Top Trust & Estate Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers

Featured Profile: Media and Entertainment Attorney Michael Hobel

Before there was "Survivor" or "American Idol" there was Michael Hobel.

Featured Profile: Labor and Employment Attorney David Wimmer

As a child in Palmerton, Pa., David Wimmer watched his father and grandfather work as attorneys.

Hugh Hefner Shows 'Em How to Do It

Hugh Hefner's body of work still holds appeal for young entrepreneurs.

Mini-Profiles of Top Bankruptcy Attorneys

Mini-Profiles of Top Bankruptcy Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Higher Calling

CityWorks has been applying itself religiously to church construction projects.

Mini-Profiles of Top Environmental Attorneys

Mini-Profiles of Top Environmental Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Media and Entertainment Attorneys

Mini-Profiles of Top Media and Entertainment Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top Government Affairs Attorneys

Mini-Profiles of Top Government Affairs Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers.

Mini-Profiles of Top White Collar Attorneys

Mini-Profiles of Top White Collar Attorneys: Los Angeles has lots of lawyers, but which ones are the most highly regarded? Here are the briefs on L.A.'s top 100 attorneys, so named by their peers

State Hospitals Hopeful for Funding Shot in Arm

HEALTH CARE & BIOTECH

Officials at Daughters of Charity Health System last week were keeping a nervous eye on Gov. Arnold Schwarzenegger as he decides whether to sign legislation that could boost Medi-Cal payments to hospitals around the state.

California's Workers' Comp a Medical System Worth Imitating

Daniel D. Crowley touts the state's workers' compensation system.

DTS Stock Jumps Nearly 10 Percent on Upgrade

Shares of DTS Inc., the maker of audio equipment in Agoura Hills, increased almost 10 percent Monday morning after an analyst upgraded his rating to "buy" from "hold."

Featured Profile: Trust & Estates Attorney Margaret Lodise

Margaret Lodise can't remember a time when she didn't want to be a lawyer.

Malibu Cuts Rent For Lumber Yard

Malibu has agreed to chop the rent to help the new Malibu Lumber Yard retail center build itself up.

CALENDAR & EVENTS

Events of interest of Los Angeles' business community.

On the Clintons and Call Girls

Political commentator and Clinton tattletale Dick Morris held court recently at publicist Michael Levine's Media Tea, a semiregular gathering in which the guest of honor is a media figure.

Friday, October 2

The Week’s Big Movers

The Los Angeles Business Journal’s index of the 200 largest local public companies closed down for the week ending Oct. 2, the second consecutive weekly decline. A disappointing monthly jobs report increased concerns that a recovery in the labor market may be a long way off.

Trio-Tech Reports Larger Loss

Trio-Tech International reported a wider loss in its fiscal fourth quarter due to significant declines in sales of its semiconductor test equipment.

LADWP Head Resigns

Los Angeles Department of Water & Power chief David Nahai has resigned to take a post as senior advisor to the Clinton Climate Initiative.

Nara Settles With Justice Department

Nara Bancorp Inc. said it agreed to settle Justice Department complaints involving high-interest auto financing contracts.

MGM Wins Temporary Reprieve on Debt Payments

Embattled movie studio Metro-Goldwyn-Mayer Inc. has received temporary relief on making interest payments of nearly $4 billion in debt.

Nara Settles With Justice Department

Nara Bancorp Inc. said it agreed to settle Justice Department complaints involving high-interest auto financing contracts.

The Week's Big Movers

The Los Angeles Business Journal's index of the 200 largest local public companies closed down for the week ending Oct. 2, the second consecutive weekly decline. A disappointing monthly jobs report increased concerns that a recovery in the labor market ma

NBC Universal Retools Development Plan for Back Lot

NBC Universal has relaunched its proposal to add a large housing development to its San Fernando Valley back lot, trying to address concerns of neighbors and critics that emerged after the plan was announced three years ago.

Disney Shrinks Miramax Again

Miramax, the Walt Disney Co.'s art house film label, will eliminate about 50 jobs leaving only about 20 people and reduce the number of films it releases each year by half.

Thursday, October 1

Update: Northrop Grumman Gets Defense Contracts

Northrop Grumman Corp. beat out rival Boeing Co. for a $3.8 billion deal to provide logistics services for the KC-10, a fleet of aerial refueling tankers, the Pentagon said.

Foundation Gives Santa Monica Hospital $100 Million

The family foundation of billionaire biotech entrepreneur Patrick Soon-Shiong has given St. John's Health Center $100 million to support operations of a new group of institutes aimed at changing the way health care is delivered.

Reports: Comcast Exploring Stake in NBC

Comcast Corp. is in preliminary talks to take a 20 percent to 50 percent stake in NBC Universal and increase its ownership of the TV shows and movies it distributes to its cable subscribers, according to news reports.

Hotel Bel-Air Closes for Renovations

The Hotel Bel-Air has closed quietly, shutting for two years of renovations without agreeing to a severance package with its unionized employees.

Macerich Forms Another Mall Joint Venture

As part of an ongoing effort to reduce debt, Macerich Co. said it had sold a 49.9 percent stake in two of its shopping malls to real estate investment management firm Heitman LLC.