Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Zefr Acquires Ad Tech Firm Engodo

Video monetization platform Zefr has acquired Engodo, a Utah ad tech firm, to help match brands with social media influencers.

Maker Studios Says MiTú to Spanish-Language Market

Multichannel networks MiTú and Maker Studios are teaming up to offer a “total market solution” for brands to better understand how to target the U.S. Hispanic market.

Ports of Los Angeles, Long Beach Close Terminals

Air quality concerns shut down the Port of Los Angeles and half of the Port of Long Beach today as firefighters continued to fight a wharf fire that ignited on Monday night.

Hollywood Chamber Horsetrades on Wages

The Hollywood Chamber of Commerce said on Tuesday that it supports the idea of raising the citywide minimum wage – but only if the Los Angeles City Council rejects a proposal to hike the minimum wage for hotel workers.

Stocks Fall

The Dow Jones industrial average fell 117 points in Tuesday trading to close at 17,056. The S&P 500 fell 12 points to 1,983. The Nasdaq fell 19 points to 4,509 The LABJ stock index fell two points to 201.

Hotel Owners, Business Groups Threaten Suit if Council Passes Wage Mandate

Hotel owners and local business groups heave threatened to sue the city of Los Angeles if the City Council tomorrow approves a proposed hotel minimum wage mandate.

InterContinental Will Operate New Wilshire Grand Hotel

British hospitality company InterContinental Hotels Group announced Tuesday that it would operate the hotel atop the $1.1 billion Wilshire Grand project in downtown Los Angeles.

BBCN Expands Into Korea

Koreatown’s BBCN Bancorp Inc. announced Monday that it would be taking its business to Seoul, South Korea’s capital city. The company signed a memorandum of understanding with the city, affirming its plans to expand operations there and work to promote Seoul’s Yeouido International Financial District as an Asian financial hub.

UCLA to Announce Tech Transfer Company

UCLA is set to announce a not-for-profit company to guide startups spawned from university-sponsored research to help commercialize their tech for the marketplace.

StackSocial Rebrands as StackCommerce

StackSocial is easing off of its e-commerce site to double down on its native commerce publishing platform.

Fullscreen Sells Majority Stake to AT&T/Chernin Group

Otter Media’s deal for a controlling stake in Culver City MCN Fullscreen could set the stage for a showdown with competitor Walt Disney Co.-owned Maker Studios.

Shopzilla Rebrands as Connexity

Shopzilla Inc., which helps online shoppers compare prices through its shopping sites, has rebranded as Connexity as it moves from helping consumers find great deals to providing tech marketing solutions for retailers and brands.

MGM Buys Production Companies, Plans Christian Network

Beverly Hills’ Metro-Goldwyn-Mayer Studios announced on Monday it has acquired a 55 percent interest in One Three Media and LightWorkers Media, the production companies behind “Survivor” and History Channel miniseries “The Bible,” respectively.

Warner Bros. to Restructure Labor Office

Warner Bros. Entertainment announced on Monday a restructuring of the office handling the studio’s relations with trade unions and guilds.

CurbStand Parks an Additional $3 Million Seed Investment

CurbStand, maker of an app that lets drivers prepay for valet services, has secured $3 million to expand its executive staff and further develop its offering.

Amgen Seeks Approval for Leukemia Drug

Amgen Inc. announced on Monday that it is seeking regulatory approval to sell a drug for treating a rare and particularly deadly form of leukemia.

Stocks Fall

The Dow Jones industrial average fell 107 points in Monday trading to close at 17,173. The S&P 500 fell 16 points to 1,994. The Nasdaq fell 52 points to close at 4,528. The LABJ Stock Index fell three points to 203.

Zealot Networks Leases Former Ray Bradbury Home

Danny Zappin, co-founder and former chief executive of Maker Studios Inc., has cinched coveted creative space in Venice for a fledgling digital media studio.

Direct Lending Investments Partners with Realty Mogul

Direct Lending Investments has said it will provide $73 million in small business loans through Realty Mogul’s peer-to-peer lending platform, which pools money from investors to crowdfund large real estate projects.

Tease photo

YouTube Stars Try Next Stage

Internet: Fullscreen live show reels in marketers, screaming teens.

Fullscreen mounts a live production to help its YouTube stars show their stuff to marketers and fans.