LABJ WEEKLY EDITION
LENDING: Hearing set on CIT’s acquisition offer for OneWest.
Community coalition achieves goal of getting CIT and OneWest to defend their merger.
SHIPPING: Executives discuss how they fight to stay afloat.
Execs at port-dependent businesses discuss being left high and dry by ongoing labor negotiations.
Alternative basketball tour places priority on wowing audience.
Backers of Ball Up tour look to score hoops fans with their athletic, crowd-wowing streetball.
Coastal city Zhuhai sets up local office to raise business profile.
Chinese city of Zhuhai gets down to business at its new office in downtown Los Angeles.
Steven Sawalich, senior director of global media and philanthropy at Starkey Hearing Foundation in Playa Vista, has traveled to 75 countries during his time at the non-profit, which delivers hearing aids to people in need.
News and notes from communities across Los Angeles County
Sherman Oaks developer IMT Capital has sold a 120-unit luxury apartment complex in Encino for $44 million to a private investor.
INTERNET: RadPad hopes to click in rental listings space with mobile app that lets renters make their monthly payments.
RadPad looks to make a move in the rental listings market with its app that processes payments.
ONLINE: Stamps.com has investors in bag with hefty quarterly performance.
Stamps.com proves a popular address on Wall Street after strong fourth quarter.
ENTERTAINMENT: EOne steps into content with pickup of Mark Gordon Co.
Distributor Entertainment One seeks a starring role in production with its acquisition of Mark Gordon Co.
SHIPPING: Struggles to move cargo may remain after labor dispute resolved.
Ports are likely to be flooded with containers for a while after a labor deal is struck.
DEVELOPMENT: Business leaders say L.A.’s moves won’t bring projects to city.
Hotel execs welcome city of L.A.’s incentives but say they won’t inspire new projects to check in.
MEDIA: Bonnie Fuller looks to tap female readership of her HollywoodLife.com.
Magazine reviver Bonnie Fuller pages show-business fans with her new “HollywoodLife” podcast.
EDUCATION: Arbor Bridge offers pared-down, more affordable progam.
A Santa Monica test-prep company has launched a product aimed at making it easier and cheaper for high school students to get one-on-one SAT tutoring.
ENTERTAINMENT: Stroock’s Schuyler Moore looks to China to generate deals.
Entertainment law for years was defined by negotiations over production deals, actors’ contracts, rights options and the occasional high-profile litigation.
fashion: Muralists add retailers to suit over alleged use of work in products.
Italian fashion brand Roberto Cavalli, as well as retailers Amazon.com, Nordstrom and Zappos.com, are headed to court to face off against some unlikely opponents: a group of L.A. graffiti artists.
POLITICS: Jose Huizar earns consensus support for Los Angeles City Council.
Believe it or not, next Tuesday, March 3, is Election Day in Los Angeles and 28 other cities around Los Angeles County.
clothing: Paula Schneider looks to retailor performance, image of American Apparel after Dov Charney’s firing.
New CEO Paula Schneider looks to fashion a future for American Apparel after the firing of controversial founder Dov Charney.
Last week’s major news from labusinessjournal.com and other sources
In its annual forecast, the Los Angeles County Economic Development Corp. predicted sunny skies for the local economy, estimating that the county will add a total of 150,000 payroll jobs over the course of this year and the next, bringing employment to record levels.
Upcoming local events
Upcoming local conventions
ACQUISITION: Hayman pays $6 million for café owned by Thelma Todd.
A storied property along Pacific Coast Highway that has seen its share of monkey business is about to take on a new role.
Charles Crumpley wonders why he’s still shocked by new costly proposals at the state level on regulating energy.
Yummy.com has dodged problems that have taken down other online groceries in part by adhering to a slow-growth plan. So the Business Journal asks:
Do you order groceries online?
High-quality projects can overcome neighbors’ opposition to creation of more low-cost housing.
Wade Killefer warns Los Angeles will end up paying for its lack of low-cost housing.
How has port congestion affected your business? How long are the delays?