Los Angeles Business Journal


Minimum Wage Maximum Headache

Restaurateur: 35% price hike may be needed.Restaurateur George Abou-Daoud fears a minimum-wage hike would add too many extra costs to his plate.

By Howard Fine October 27, 2014 midnight   $$ Share

SEC Pulls Plug On ATM Firm

INVESTMENT: Officials say most machines didn’t exist.

SEC says Nationwide Automated Systems banked on a Ponzi scheme involving ATMs that didn’t exist.

Channel’s Win Big News at 11

TV: KVEA dethrones KMEX from 27-year reign – for now.

KVEA channels investment in its news programming into a late-night ratings win over dominant rival KMEX.

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Dodgers Owner Heads to Minors

SPORTS: Farm team could field innovations for L.A. squad.

Dodgers co-owner Peter Guber hopes to field new ideas at newly acquired Oklahoma minor league team.

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Roller Skates Get in Step With Future

Acton hopes market has role for motorized, electric product.

Acton hopes consumers spark to its electric, motorized RocketSkates.

Engineer Has Designs On Style

Sam Wang makes case for chic accessories for businessmen.

Engineer Sam Wang has designs on a career in stylish accessories for businessmen.

Road Less Traveled

It’s going to get pretty bumpy for Sara Rotman next year. She’ll be hitting the road as an off-road race driver.

Regional Report

News and notes from communities across Los Angeles County

Stock Repurchase: The board of Superior Industries International Inc., a Van Nuys manufacturer of aluminum wheels, has approved another $30 million stock repurchase program.

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Grave Matter

DEATH: Undertaking LA thinks mourners can live with its intimate, extended treatment of deceased.

Caitlin Doughty and Amber Carvaly say mainstream morticians are dead wrong on how to handle the deceased.

Wall Street Likes What It Sees in Medical Scanner

HEALTH CARE: RadNet sees boost in patient visits courtesy of Obamacare.

Obamacare nurses gains in patient visits and stock price for medical imaging center operator RadNet.

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Brokerages Come Together in Consolidation Trend

REAL ESTATE: No money to change hands in merger of Travers Realty, Cresa.

Merging brokerages Travers Realty and Cresa Partners link up with sector’s consolidation trend.

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Brewery Looks to Tap Longer-Term Use Permit

BEER: Eagle Rock hopes to bottle up costs by extending license beyond five years.

Eagle Rock Brewery hopes to draft better terms for conditional use permit.

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Fashion Video Site Could Be Good Fit for Pickup

INTERNET: StyleHaul’s niche could make it next target for big-media acquisition.

Analysts see fashion-focused video site StyleHaul as well-suited for acquisition by a big-media parent.

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Rapper Cues Up Career In Venture Capital Sector

INVESTMENT: Nas, partner assure musician takes serious approach to funding firms.

Rapper Nas is looking to spin his music-made money into hefty returns as a venture capitalist.

Hyperlocal Vet Broadens Focus With News Website

JOURNALISM: New venture looks to cover Los Angeles while reining in costs.

A new L.A. news site has grown out of the ashes of AOL Inc.’s Patch – the hyperlocal news network that cut many of its journalists and editors in Los Angeles earlier this year under financial duress.

Gold Broker Blames Google, Not City, for Closure

METALS: Merit chief exec says loss of Internet ads forced business to close.

Mike Getlin, the former chief executive of defunct Santa Monica precious metals broker Merit Gold, blames the city of Santa Monica for tarnishing his reputation and smearing his business.

Sightseeing Business to Offer Rolling Digital Ads

TOURISM: Starline moves to equip one of fleet’s buses with electronic billboard.

It’s easy to spot the double-decker buses, often filled with tourists, driving down Rodeo Drive or Hollywood Boulevard.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

El Segundo toy maker Mattel Inc. has partnered with Universal Pictures to develop a line of toys based on the “Despicable Me” movies. Mega Brands Inc., a Canadian toymaker Mattel acquired in February, will make construction sets with “Despicable Me 2” characters that will hit stores in December.


Upcoming local events.


Upcoming local conventions.

Restaurant Site Could Serve Up Big Development

ACQUISITION: Home to Stinking Rose was pitched as ripe for large projects.

The site housing Beverly Hills’ famed Stinking Rose restaurant might bloom into something bigger.

McDonnell for Sheriff

The Business Journal finds Jim McDonnell best suited to serve as L.A. Sheriff.

Fill ’er Up?

Oil prices keep dropping, which means gasoline and other fuel prices may decline further. So the Business Journal asks:

What effect will lower gas prices have on the economy?

Making Grade as Workforce

Business community working with Higher Ed for Higher Standards to prepare students for careers.

Business has a job to do in helping schools develop the future’s workforce, write Gary L. Toebben and Timothy P. White.

Local Diversity Boosts Global Opportunities

Justin Suh sees L.A.’s diversity giving the region a leg up in the global marketplace.

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New Life

Bioscience incubator homes in on CSULA

BIOSCIENCE: Cal State Los Angeles has made the grade as the new home for an ambitious incubator project.