Los Angeles Business Journal

Los Angeles Gets a D for Small Biz Friendliness

Los Angeles once again received a grade of D for its overall friendliness to small business, according to a report to be released Tuesday.

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Made in Shade

New state building code opens window to tinting

Changes to the state building code have brightened the prospects for window-film companies.

Ad Auction Operator Bids for Investors’ Attention

ADVERTISING: Shares of Rubicon Project surge on strong second quarter.

Online ad network Rubicon Project crosses into “buy” territory on strength of quarterly revenue.

Edison Signs Contracts for Renewable Power

Southern California Edison has signed contracts with solar and geothermal energy producers representing more than 1,500 megawatts of power.

AllenCo Fined $99,000 in Environmental Case

The U.S. Environmental Protection Agency said Wednesday that AllenCo Energy has agreed to pay a $99,000 penalty for violating federal environmental laws at an oil field near USC.

L.A. City Attorney Cracks Down on Tobacco Retailers

Los Angeles City Attorney Mike Feuer on Tuesday issued suspensions against 14 retailers for allegedly selling tobacco products to minors and announced other steps to crack down on retailers.

L.A. Improves Public Standing

INVESTMENT: Deals, IPOs help add 13 traded firms to list.

Deals and IPOs help the L.A. area stock up on more publicly traded companies.

L.A. Improves Public Standing

After several slow years, deals and initial public offerings have roared back, shaking up the Business Journal’s annual list of publicly traded companies in Los Angeles.

Breitburn Energy Hits Gusher in $2 Billion Deal

Los Angeles oil company Breitburn Energy Partners announced Thursday that it has agreed to buy QR Energy of Houston for nearly $2 billion in cash and stock.

Alarcon and Wife Convicted

Former Los Angeles City Council Richard Alarcon and his wife were convicted Wednesday of voter fraud and perjury in a case involving allegations they lied about their residence in order for him to qualify to run for office.

Herbalife Shares Rise After Ackman Attack

Herbalife shares rallied Tuesday after a hedge fund manager’s presentation failed to deliver convincing evidence to back up his allegations that the Los Angeles multilevel marketing nutritional supplements company is a fraudulent scheme.

Stable Stock Turns Utility Into Player

water: Rash of new deals also buoys American States’ shares.

Stability of utility stocks and the expectation of new business have buoyed American States.

Los Angeles County Unemployment Rate Falls

Los Angeles County’s unemployment rate fell to 8.1 percent in June as employers added a net 4,800 jobs, according to figures released Friday.

OK, Soccer Break’s Over...

Most bank executives wouldn’t brag about how many of their employees were watching sports during the workday. Then there’s Alan Rothenberg.

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Brewin’ R&D

New rules let UCLA put money into startups

UCLA may graduate to startup investing now that University of California has axed its funding ban.

SpaceX Advances on Right to Bid for Military Launches

Private rocket company SpaceX of Hawthorne has moved a giant step closer towards its goal of launching rockets for the U.S. military.

Scripps Ends Talks With USC

Talks have broken off regarding an acquisition of Scripps Research Institute of La Jolla by USC or a merger or partnership between the two.

Wall Street Dials In to TV-Radio Station Owner

MEDIA: Entravision shares lifted in part by Mexico’s World Cup performance.

Entravision’s shares rise on a triple play of World Cup ratings, ad firm acquisition and a Supreme Court ruling.

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High-End Lockup

STORAGE: William Warren Group thinks outside box with pricey pickup service and bellhops to move items.

William Warren Group looks to box out rivals by offering high-end services to pick up and carry items.

Council to Consider Criminalizing Wage Theft

Two Los Angeles city councilmen on Tuesday called for a crackdown on employers who do not pay their workers the proper amount of wages.

Wine Festival Toasts DIY Approach

Garagiste event looks to open doors for boutique vintners.

Festival at Union Station will raise a glass to ‘garagiste’ vintners.

Violinist Not Ready to Bow Out

Shortly after Andrew Silber opened his Whale & Ale pub in San Pedro, he hired a retired violinist to provide entertainment every Friday night.

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Home Prices Cross Threshold

HOUSING: Median surpasses $500,000 for first time since ’07.

L.A.’s median home price has passed $500,000 for the first time since 2007, but there’s little bubble worry.

L.A. Unemployment Rate Falls

L.A. County’s unemployment rate dipped to 8.2 percent in May as 15,000 more residents found jobs during the month, according to state figures released Friday.

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Home Prices Cross Threshold

The return of the bubble? Thanks to the economic recovery, the Westside tech boom, the end of the foreclosure wave and the return of cash-rich investors, L.A. has hit a milestone: The median home price has topped $500,000 for the first time in seven years.

Here Comes L.A.’s Biggest Residence

Bel-Air project rivals Spelling mansion for county’s largest.

Stakes are high as developer aims to build L.A.’s largest single-family home.

Word of Timely Testing Spurs Interest in Xencor

BIOTECH: Monrovia firm’s trials of its asthma drug breathe life into stock.

Investors breathe new life into the stock of drug maker Xencor as its asthma drug enters clinical trials.

L.A. Approved to Bid for 2024 Olympics

Los Angeles is one of four U.S. cities approved to bid for the 2024 Summer Olympics, the U.S. Olympic Committee announced Friday.

Two L.A. Companies in Line for State Tax Credits

A metal company in Long Beach and a health supplement company in City of Industry have made the final list of 31 companies eligible for state hiring tax credits under a jobs program, Gov. Jerry Brown’s office announced Tuesday.

Barrack Donates $15 million to USC Marshall School

L.A. private equity billionaire Thomas Barrack has donated $15 million to the university’s Marshall School of Business, the university announced Tuesday.

L.A. Employers Plan to Increase Hiring in Third Quarter

Nearly one in four Los Angeles area employers plan to hire more workers during the third quarter, the best showing in several years, according to a survey released today from Manpower Inc.

Mayor Announces Veteran Hiring Program

Los Angeles Mayor Eric Garcetti announced Monday that more than 140 local employers have pledged to hire more than 10,000 veterans over the next three years.

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Bill Aims to Clean Up Grease Theft

REGULATION: State proposal looks to target slick operators.

State lawmaker looks to smooth the way for police to crack down on the theft of used kitchen grease.

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City Tackles New Convention Center Without NFL

TOURISM: Council OKs remodeling plan as scoring football team seems unlikely.

City of Los Angeles looks to field an improved Convention Center as football stadium plans fade.

Bill Aims to Clean Up Grease Theft

The theft of used kitchen grease might seem like an innocuous crime, but the thefts are causing large losses for sellers of biodiesel that depend on the waste to make fuel.

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Incubator-Accelerator Nurses Medical Inventions

HEALTH CARE: Proa looks to fill niche by focusing on tweaks to existing products.

Incubator-accelerator Proa Medical offers a shot in the arm to those looking to improve existing devices.

Grocery Chain Says Workers Trying to Decertify Union

The owners of the El Super grocery chain said that even as some workers were on the picket line, others are trying to decertify the union.

L.A. Gets Federal Manufacturing Assistance

In a major victory for the region, Los Angeles on Wednesday was named as one of 12 metropolitan areas nationwide eligible for $1.3 billion in federal manufacturing assistance.

Convention Center Remodel Moves Ahead Without NFL

Los Angeles city officials on Tuesday moved forward with a plan to remodel the Convention Center without a long-planned football stadium.

In Presence of Bugatti Greatness

Local attorney and car enthusiast Tim Lappen recently scored the gig of a lifetime: test driving and reviewing a $2.5 million Bugatti roadster.

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Port Talks Carry Baggage of 2002

shipping: Parties seem open to avoiding costly shutdown.

Analysts say terminal operators and union workers hope to avoid making waves during contract negotiations.

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City Picks Up Business Pace

GOVERNMENT: Mayor pairs two permits to speed process.

City of L.A.’s small steps on permits could yield big time savings for commercial buildings and restaurants.

L.A. Unemployment Rate Falls

L.A. County’s unemployment rate fell to 8.3 percent in April as 30,000 more residents found jobs during the month, according to state figures released Friday.

L.A. Port Traffic Rises 10 Percent

Traffic at the ports of Los Angeles and Long Beach rose 10 percent in April compared with the same month last year, according to figures released Thursday.

BizFed Endorses Dunn for Long Beach Mayor

The Los Angeles County Business Federation on Monday announced its endorsement of businessman Damon Dunn for Long Beach mayor.

Oil Giant Not Broken Up Over Anti-Fracking Cities

ENERgy: CEO says Oxy will pursue oil projects in other parts of California.

Occidental Petroleum Corp. to make a clean break with anti-fracking communities and focus on other California sites.

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Aquifer Owner Soaks Up Win

WATER: Judge rejects lawsuits against Cadiz’s desert project.

Plan for Cadiz’s desert aquifer looks ready to heat up after judge dismisses opponents’ challenges.

Teller Job Takes Future Into Account

Bank program offers high schoolers chance to check out business.

Bank program lets high school tellers open window on future careers.

BizFed Endorses Shriver for County Supervisor

The Los Angeles County Business Federation on Thursday joined other local business groups in backing Bobby Shriver for county supervisor in next month’s hotly contested primary election.

Survey: Local Companies Bullish on Business Conditions

Nearly two-thirds of local companies say business conditions are improving and 36 percent say they plan to add employees, according to an annual survey from the Los Angeles County Business Federation, or BizFed.