Los Angeles Business Journal


Oxy’s Spinoff Opens Wobbly

ENERGY: California Resources’ stock value in tough state early.

Oil and natural gas producer California Resources Corp. quickly loses ground in its first days of trading.

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Sponsors Prize Non-Profit Hookups

MARKETING: GroundSwell finds value playing cause matchmaker.

GroundSwell Group hopes matching small non-profits with big corporate sponsors pays off.

Healthy Payoff From Microloan

Celia Rivas turned life around by opening her own gym business.

Gym owner Celia Rivas credits a Grameen America microloan with getting her life back in shape.

Kernel of Idea Turns Into Business

Holiday gift of caramel corn turns into side gig for video producers.

Husband and wife video producers have seen their holiday gifts of caramel corn pop as a side business.

New Leash on Life

As chief concierge, James Little, 49, is tasked with making guests at the Peninsula Beverly Hills happy.

Regional Report

News and notes from communities across Los Angeles County

Century City private equity firm Ares Management has acquired Farrow & Ball, a paint and wallpaper maker in Dorset, England, from the European affiliate of Bethesda, Md., private equity firm American Capital Ltd.

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Male Delivery

HEALTH CARE: Plastic surgery center Marina ManLand joins retail trend of crafting attractive settings for men.

Plastic surgery center Marina ManLand has joined some retailers in presenting its businesses as a guy thing.

Online Services Firm Backs Up for Backup Business

Internet: J2 sweetens 2012 offer for Carbonite to just above $400 million.

Online services firm J2 Global looks to maintain its pace of pickups by renewing its offer to buy backup storage provider Carbonite.

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‘Frozen’ Delivers Much Needed Heat for Toymaker

MANUFACTURING: Jakks sales rise but analyst sees sustainability questions.

“Frozen” merchandise helps light fire under sales for struggling toymaker Jakks.

Investors See Freight Firm’s Sale as Good Move

SHIPPING: Rumors of UTi deal with trucking business drives up company’s stock.

Shares of freight-forwarder UTi Worldwide get moving after rumors of a sale to a trucking company.

Wall Street Has Bad Reaction to Drug Filing Delay

BIOTECH: Puma hoped to move forward with FDA without data from study.

Puma’s decision to delay its drug application hurts the company’s short-term prognosis with investors.

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Luxury Lifestyle to Move to New Address: Detroit

MEDIA: Robb Report’s new parent has digital designs for magazine in Motor City.

New owner sees wealth of opportunity for luxury lifestyle magazine Robb Report – in Detroit.

VC Firm Liked What It Saw in Medical Screener

HEALTH CARE: Growth of Radiology Partners helped by NEA’s $60 million injection.

Radiology Partners’ expansion got a shot in the arm from investment firm New Enterprise Associates.

Boom Time Over for Attorneys Handling Busts

BANKRUPTCY: Steep drop in filings drives lawyers to widen markets, focus.

Each year, Jennifer Nassiri tries to clear her schedule for four days so she can attend the National Conference of Bankruptcy Judges.

Credit Card Benefits Firm To Fold In Digital Wallet

FINANCE: Bankrate pockets Wallaby, which will keep its office, staff in Pasadena.

The financial tech sector in Los Angeles scored an exit last week with the acquisition of Pasadena’s Wallaby Financial Inc. by North Palm Beach, Fla., financial publisher Bankrate Inc.

News of the Week

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

hinese conglomerate Dalian Wanda Group Co. already controls AMC Entertainment Holdings Inc., the second-biggest cinema chain in the United States.


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Shared-Office Firm Finds Space in Santa Monica

LEASE: WeWork takes 40,000 square feet in deal valued at $24 million.

WeWork, a company that rents shared office space to fledgling entrepreneurs, has signed a 10-year lease for a little more than 40,000 square feet at 520 Broadway in Santa Monica

High Tech Offers Lift to L.A.

High-tech jobs could connect Los Angeles to a brighter economic future, writes Eric W. Johnson.

Cards On Table

Some L.A. card clubs have seen a jump in attendance by offering no-collection baccarat, even though the game’s addition has been controversial. So the Business Journal asks:

Have you gambled at any of Los Angeles County’s card clubs?

Fight Over Emerald Ownership Proves Gem of a Case

LAW: Attorneys in heavy demand in battle for 840-pound stone.

A mammoth emerald unearths many conflicting claims of ownership – and a gold mine of work for local attorneys.

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Yahoo’s Search For Office Ends

REAL ESTATE: Internet giant clicks with space in Playa Vista.

Yahoo appears to be the latest Internet giant to connect with Playa Vista as a home for local offices.

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Legal Tide Rises Against Utility

WATER: Golden State heading to court to fend off sales to cities.

Golden State prepares to dive into litigation to fight cities’ attempted takeovers of its systems.

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Good Deal?

Casinos split over wisdom of no-collection games

Some casinos see the big draw of no-collection card games as a big risk for their business.

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Site Raises Curtain on Show Biz

Sophia Loren’s son looks to foster careers in entertainment.

TakeHollywood looks to play a lead role in guiding show-biz hopefuls to careers.