LABJ WEEKLY EDITION
INVESTMENT: Officials say most machines didn’t exist.
SEC says Nationwide Automated Systems banked on a Ponzi scheme involving ATMs that didn’t exist.
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.
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.
Acton hopes market has role for motorized, electric product.
Acton hopes consumers spark to its electric, motorized RocketSkates.
Sam Wang makes case for chic accessories for businessmen.
Engineer Sam Wang has designs on a career in stylish accessories for businessmen.
It’s going to get pretty bumpy for Sara Rotman next year. She’ll be hitting the road as an off-road race driver.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Business Journal finds Jim McDonnell best suited to serve as L.A. Sheriff.
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?
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.
Justin Suh sees L.A.’s diversity giving the region a leg up in the global marketplace.
Bioscience incubator homes in on CSULA
BIOSCIENCE: Cal State Los Angeles has made the grade as the new home for an ambitious incubator project.