LA BUSINESS JOURNAL DAILY NEWS
A look at the plot of this weekend's big new movie release from a business perspective.
The chief executive of Soylent, a meal replacement drink start-up based in Los Angeles, was charged on Friday with four criminal counts stemming from his refusal to move an abandoned shipping container from a Montecito Heights hillside.
El Segundo-based direct marketing company PCM was this week’s biggest mover, gaining 40 percent to end at $16.62. Commerce-based Differential Brands Group was also among the week’s movers. The branded consumer platform gained 38 percent to end at $4.89. Commerce-based Smart & Final grocery store company was the week’s biggest loser, dropping 11 percent to end at $13.79.
The Long Beach Board of Harbor Commissioners will give $46.4 million to mitigate the impacts of the port-related air pollution in adjacent communities.
Lightstone Group is moving forward with plans to build a $450 million hotel with 1,100 rooms across from the Convention Center. The New York developer recently submitted its application to city planners for a Gensler-designed project of two towers, one of 40 stories and the other of 28, which would be run by three hotel brands.
A pair of Playa Vista offices built during the bottom of the market in 2009 are slated to sell for $425.8 million, or $850 a square foot, according to a source working in the market. The buyer expected to pick up the silvery buildings on Bluff Creek Drive from JP Morgan Chase & Co. is Edward J. Minskoff Equities of New York. A representative at Minskoff declined to comment. JP Morgan, represented by Eastdil Secured, could not immediately be reached.
Los Angeles Mayor Eric Garcetti is speaking for the first time at the Democratic National Convention on Thursday in Philadelphia. In addition to showing his support for Democratic presidential nominee Hillary Clinton, Garcetti said he will “share the story of Los Angeles as a model for the country,” according to an email sent to his 2017 reelection supporters. Of his achievements under his administration, Garcetti is expected to highlight the citywide law passed in May to increase the minimum wage to $15 an hour.
Long Beach officials are planning on building a new zero-emissions bus station near the Long Beach Convention and Entertainment Center.
Edmunds.com opens massive new headquarters, Hyperloop opens manufacturing facility in North Las Vegas, Influential raises $5 million, and more.
The Los Angeles Clippers could be moving out of downtown’s Staples Center once their current lease expires in June 2024, ESPN reported Wednesday.
Los Angeles-based next generation transportation company Hyperloop One announced that it opened the world’s first Hyperloop manufacturing facility in North Las Vegas today.
Car shopping website Edmunds.com Inc. moved into a new 143,000-square-foot headquarters at the Colorado Center in Santa Monica on Tuesday.
Culver City-based online ad firm SteelHouse Inc. filed a countersuit Tuesday against French rival Criteo SA in a quickly escalating battle over how the two companies generate and track clicks that lead to web sales for their clients.
Neil Clark Warren steps down as eHarmony’s chief executive, SteelHouse Countersues rival, Scopely raises $55 million, and more.
Neil Clark Warren is retiring from his position as chief executive of eHarmony. He will retain his position as chairman of the dating website.
AwesomenessTV signs United Kingdom distribution deal, StackPath acquires MaxCDN, Atom Tickets expands ticketing service, and more.
AwesomenessTV of West Los Angeles has signed a deal to distribute its TV series in the United Kingdom through British broadcaster ITV.
Mattel Inc. is ready to believe in the new “Ghostbusters.” On Friday, the El Segundo-based toymaker reported strong sales figures that have “exceeded expectations” for its “Ghostbusters” action figures and movie-inspired replica items such as the Ecto vehicle and the Proton pack. The announcement was originally reported by Variety.
Los Angeles-based bio pharmaceutical company Puma Biotechnology Inc. was this week’s biggest mover, gaining 26 percent to end at $$42.52. Commerce-based Differential Brands Group was also among the week’s movers. The branded consumer platform gained 19 percent to end at $3.55. Manhattan Beach’s performance footwear company Skechers Inc. was the week’s biggest loser, dropping 23 percent to end at $24.99.
Birchbox runs customer service test on Snapchat, Free Reign Entertainment launches Shattered Skies, and Easypose expands on-demand yoga instruction.