Master of the arts James Franco has started his first business: an acting school. The Academy Award nominee has recently opened Studio 4 in North Hollywood, a school which teaches the famous Meisner technique.

Cameron Diaz is offering shoe lovers the next best thing to shopping in her closet. The 41-year-old actress and author has unveiled her first collection for the haute footwear company Pour la Victoire, which she signed on to as Artistic Director last summer.

Anyone who watched Leonardo Dicaprio party like a rockstar in The Wolf of Wall Street and wished fervently to be living his party-like-a-rockstar life now has the opportunity. Fluxx, a nightclub located in San Diego, is capitalizing on how very much the party elite wanted to live like “Wolf” Jordan Belfort by offering a lavish Wolf of Wall Street Party Package to the tune of $50,000.

It’s the end of an era. Last night marked Jay Leno’s final evening on “The Tonight Show” after 22 years as its host.

Here is musician Aloe Blacc’s insider’s guide to Los Angeles. Trust his opinion: he IS “The Man”, after all.

Now that’s the spirit! Oprah Winfrey was so excited to be honored at the Santa Barbara International Film Festival (SBIFF) this week, that she couldn’t resist dancing onstage while accepting her “Montecito Award.”

Two-time Academy Award winner Catherine Martin has been selected as the latest and greatest to be honored by the Rodeo Drive Walk of Style for her contributions to the worlds of film and fashion.

Earvin Johnson is about to bring some “Magic” to the WNBA. The former LA Lakers great and current co-owner of the LA Dodgers is part of a group that is buying the Los Angeles Sparks of the WNBA.

Ever wonder what the most powerful leaders, business execs and celebrities keep on their desks? Well, we’re about to tell you. Our biweekly “What’s on My Desk” feature will take a look inside the offices and at the desks of the world’s most influential power players.