Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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LA Times Building Set for Major Renovation

A Vancouver developer buying the storied Los Angeles Times building plans to demolish portions of the 750,000-square-foot complex to make way for a residential and retail development.

Lucas Museum Could Come to Los Angeles

Iconic filmmaker George Lucas has given up on Chicago – at least as a home for his new Lucas Museum of Narrative Art.

Silicon Beach Roundup June 24: Virgin Galactic Begins Fundraising $300M

Virgin Galactic begins fundraising $300 million, AppliedVR partners with Cedars-Sinai for therapeutic virtual reality, Lionsgate sells YouTube Red its first big-budget TV show, and more.

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AEG Drops Planned LA Live Hotel Expansion

Anschutz Entertainment Group is abandoning plans to build a 755-room hotel next to its Ritz-Carlton and J.W. Marriott tower at downtown’s L.A. Live. The move comes as AEG claims that a planned 1,000-room hotel to be developed by the city across the street infringes on its property rights.

Movers for Week Ending June 24, 2016

Santa Monica-based automotive pricing and information website TrueCars Inc. was this week’s biggest mover, gaining 10 percent to close at $7.83. A-Mark precious Metals, Inc. of Santa Monica was also among the week’s big movers. The precious metals dealer rose 10 percent to close at $16.10. Culver City-based NantHealth was the week’s biggest loser, dropping 10 percent to end at $12.70.

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What To Watch This Weekend: "Independence Day," "The Shallows," and "Free State of Jones"

A look at the plots of this weekend's big new movie releases from a business perspective.

Stocks Continue to Fall

The Dow Jones industrial average fell 610 points on Friday to close at 17,401. The S&P 500 fell 76 points to 2,037. The Nasdaq fell 202 points to 4,708. The LABJ stock index rose eight points to 222.

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Led Zeppelin Wins 'Stairway to Heaven' Jury Trial

After a week-long trial, it took less than a day of deliberation for a federal jury in Los Angeles on Thursday to find the legendary rock band Led Zeppelin did not steal the iconic guitar riff from Spirit’s 1968 instrumental track “Taurus.”

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Assemblyman Introduces Bill to Improve Port Traffic Congestion

In the latest attempt to combat congestion at the ports of Los Angeles and Long Beach, Assemblyman Patrick O’Donnell (D-Long Beach) introduced a bill to improve the container cargo movement.

Silicon Beach Roundup June 23: Flipagram Users Rise to 200 Million

Flipagram tops 200 million users, Upfront names new partner, and Stamps.com buys ShippingEasy for $55 million.

City Planning Commission Approves Limits on Short-Term Rentals

The Los Angeles city Planning Commission on Thursday moved to regulate Airbnb and other short-term rentals, imposing time caps and stiff penalties for violations.

L.A. Metro Board Approves Half-Cent Sales Tax Increase

The Los Angeles Metropolitan Transportation Authority Board approved a transportation expenditure plan Wednesday that would place a countywide half-cent sales tax increase on the upcoming November ballot.

Stocks Continue to Rise

The Dow Jones industrial average rose points on Thursday to close at 18,011. The S&P 500 rose 28 points to 2,113. The Nasdaq rose 77 points to 4,910. The LABJ stock index rose three points to 230.

READER POLL: Should the LA Times abandon its historic home and move to more efficient space?

Should the LA Times abandon its historic home and move to more efficient space?

Silicon Beach Roundup June 22: FAA Announces Drone Filming Rules

FAA announces drone filming rules, Tetra Tech wins $45 million contract, Ad Hoc Labs launches anti-date bot, and more.

Tetra Tech Receives $45M Contract From National Guard Bureau

Pasadena-based Tetra Tech Inc. announced Wednesday that it received a $45 million contract from the National Guard Bureau.

L.A. Officials Take Steps to Help Businesses in City

L.A. city officials on Wednesday took several steps to help small businesses and manufacturers.

Stocks Fall

The Dow Jones industrial average fell 49 points on Wednesday to close at 17,781. The S&P 500 fell 3 points to 2,085. The Nasdaq fell 11 points to 4,833. The LABJ stock index stayed steady at 227.

Kite Pharma Opens Manufacturing Plant in El Segundo

Kite Pharma Inc., a clinical-stage biopharmaceutical company, opened a new industrial manufacturing plant in El Segundo on Monday.

Silicon Beach Roundup June 21: Hyperloop One Explores System in Moscow

Hyperloop One explores system in Moscow, OpenX adds Culver City office, OSI Systems makes $269 million acquisition, and more.