Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Stocks Plunge; NantKwest Rebounds, California Resources Slumps

The Dow Jones industrial average shed 470 points in Tuesday trading to close at 16,058, erasing much of the gain from last week’s market rally. The S&P 500 fell 58 points to close at 1,914. The Nasdaq fell 140 points to close at 4,636. The LABJ Stock Index fell six points to close at 216.

Mobcrush Lands $11 Million, Months After Seed Round

After bagging a $4.9 million seed round in May, live-streaming mobile video game platform Mobcrush has raised an $11 million Series A.

Vubiquity Acquisition Expands Digital Distribution

Video distribution services company Vubiquity has purchased Juice Worldwide to bolster its online video distribution capabilities.

Local Travel Increase Expected for Labor Day Weekend

Local travel is expected to increase slightly during Labor Day weekend, the Automobile Club of Southern California said Monday.

Creative Office Wave Hits Torrance

The creative office conversion craze that has swept through Santa Monica, Playa Vista and El Segundo is reaching deeper into the South Bay, if a recent sale in Torrance is any indication.

VMAs in DTLA Break Twitter Records

The MTV Video Music Awards, held Sunday night in downtown Los Angeles, was the most tweeted about television event other than the Super Bowl since records began.

Reader Poll

Would a President Trump be good for business?

Stocks Fall; Crown Media Soars, NantKwest Slips

The Dow Jones industrial average fell 115 points in Monday trading to close at 16,528. The S&P 500 fell 17 points to 1,972. The Nasdaq fell 52 points to 4,777. The LABJ Stock Index fell three points to 221.

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Tweet of the Day: Minecraft's Markus Persson

Swedish billionaire and co-founder of video game Minecraft Markus Persson is bored, on a plane and taking joke submissions.

L.A. Tech Event Calendar: Aug. 31 – Sept. 13

Roundup of L.A. tech events in the next two weeks.

Silicon Beach Deal Flow: Aug. 28

A weekly roundup of must-read L.A. tech investments and acquisitions.

Silicon Beach Launch List: Aug. 28

A weekly roundup of L.A. tech company and product launches.

Facebook Yields to Criticism, Will Enhance Content ID System

After taking criticism for its lack of a system to track copyright violations on its site, Facebook has announced a new video content identification program.

BreitBurn Energy Partners, TrueCar Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly after a volatile week. The weighted LABJ index was up 1 percent to close at 224, with gainers outpacing losers 79 to 75. Four companies closed the week unchanged.

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Work/Life: Mark Baer

The family law attorney and mediator on the importance of showing compassion, taking time to unwind and giving his work his all.

Mark Baer’s parents divorced when he was a child, an experience that initially made him want to avoid the field of family law, which often deals with separations and divorce.

Activision to Join S&P 500

Santa Monica video game company Activision Blizzard Inc. will join the S&P 500 after the close of trading Friday, becoming the second video game publisher to join the benchmark index.

Markets Mixed

The Dow Jones industrial average fell 12 points in Friday trading to close at 16,643. The S&P 500 rose one point to 1,989. The Nasdaq rose 16 points to 4,828. The LABJ Stock Index rose one point to 224.

Foreign Fliers Fuel LAX

International travel to Los Angeles continues to drive traffic at Los Angeles International Airport, which saw a double-digit surge in the number of international travelers last month.

PE Roundup: Private Equity Deals Announced This Week

Beverly Hills firm Levine Leichtman Capital Partners announced Monday that it has completed the acquisition of short line railroad firm Regional Rail in Kennett Square, Pa., alongside the company’s management. Terms were not disclosed.

What to Watch this Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.