Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Silicon Beach Report Aug. 24: Digital Domain Partners with World Surf League for 360-Degree Content

Digital Domain Partners with World Surf League for 360-degree content, Comedy Central grabs Snapchat star for TV show, and SpaceX to refurbishing rockets in Florida.

Neighborhood Integrity Initiative Submits Signatures for Ballot Measure

Backers of an initiative to curb mega-developments in Los Angeles turned in nearly 104,000 signatures to the city clerk’s office Wednesday, 67 percent more than the 62,000 needed to place the measure on next March’s ballot.

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Santa Clarita Winery Estate Ripe for Purchase

When Barry Goldfarb needs a change of scenery, he can drive half an hour from his Bel Air home to Agua Dulce in Santa Clarita. The 90-acre site is more than a countryside estate; it’s L.A.’s largest vineyard and winery. The site just hit the market for $12.8 million, listed by Partners Trust Commercial brokers Dario Svidler and Robert Morton.

Ports Labor Slowdown Led to Greater Air Pollution in 2015

Congestion last year at the ports of Los Angeles and Long Beach contributed to a rise in greenhouse gas emissions, port officials have reported.

Silicon Beach Report Aug. 23: STX Entertainment Acquires Virtual Reality Company Surreal

STX Entertainment acquires virtual reality company Surreal, Google Daydream to use Hulu VR content, Disney Movies Anywhere integrates with Verizon Fios, and more.

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Banc of California Gets Naming Rights to New L.A. Soccer Stadium

The Los Angeles Football Club’s future 22,000-seat stadium will be called the Banc of California Stadium, according to an agreement between the soccer club and Irvine-based bank announced today.

Silicon Beach Report Aug. 22: Kobe Bryant Launches $100M Venture Capital Fund

Kobe Bryant launches $100 million venture capital fund, L.A. Dodger announces second accelerator class, and SpaceX puts first vertical rocket landed on display in Hawthorne.

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Gerun Riley Named President of The Broad Foundation

The Eli and Edythe Broad Foundation has named longtime employee Gerun Riley as its president.

Setback in Cards With Rule Shift

The long-running battle between local card rooms and tribal gaming casinos has a new skirmish line: a change in an obscure state rule that could cost the local card rooms millions of dollars in revenue each year.

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Kobe Bryant Launches $100M Venture Capital Fund

Kobe Bryant has launched a $100 million venture capital fund.

Movers for Week Ending August 19, 2016

Pasadena-based biotechnology company Arrowhead Pharmaceuticals was this week’s biggest mover, gaining 26 percent to end at $7.50. Hawthorne-based OSI Systems, Inc. was also among the week’s movers. The specialized electronics manufacturer gained 11 percent to end at $68.46. Santa Monica toy company Jakks Pacific Inc. was the week’s biggest loser, dropping 6 percent to end at $8.93.

Silicon Beach Report Aug. 19: L.A. Tech Wages Rising Fastest in the Nation

L.A. tech wages rising fastest in the nation, Activision runs Snapchat zombie karaoke lens, and YP hires new CEO.

Los Angeles Unemployment Falls Despite Drop in Payrolls

L.A. County’s unemployment rate fell to 4.8 percent in July, its lowest level in nearly 10 years, despite a sharp seasonal drop in employer payrolls, state figures released Friday show.

L.A. Has Second Highest Number of Fast Growing Businesses Last Year

Los Angeles was the city with the second highest number of fast growing private businesses in the country last year, according to the 2016 Inc. 5000 list, published by Inc. Magazine on Aug. 17.

Silicon Beach Report Aug. 18: Amazon Producing Virtual Reality Content in Santa Monica

Amazon producing virtual and augmented reality content in Santa Monica, FreedomPop offers free WhatsApp data, and Atom Tickets expands nationally.

First Ports of Call Demolition OK’d to Make Way for New Waterfront

The Los Angeles Harbor Commission moved forward Thursday on plans for the first in a series of demolitions that will pave the way for a major overhaul of the Ports of Call waterfront district.

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I-15 Reopens, Some Train Routes Still Closed in Cajon Pass

Caltrans reopened the 15 Freeway in both directions Thursday morning, two days after wildfires closed the major shipping corridor through the Cajon Pass, but some train routes were still delayed.

Class Action Suit Against USC Targets Faculty and Staff Retirement Plans

A federal class action filed Wednesday against USC claims the university breached its fiduciary duty to faculty and staff who participate in retirement fund programs through the school.

BNSF to Resume Train Traffic Through Cajon Pass after Fire Delay

More than 24 hours after the Blue Cut fire forced BNSF Railway to halt its cargo trains moving through the Cajon Pass, the first trains were expected to roll out again late Wednesday afternoon.

Agreement Reached on LAX Improvements

Long-awaited improvements that would include rail access at the aging and congested Los Angeles International Airport may finally be able to move forward.