Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Happy Birthday Song Enters Public Domain

Warner Music Group and others who fought to hold the copyright on “Happy Birthday to You” – listed by the Guinness Book of World Records as the most recognized song in the English language - have given up their claims to the song.

Marijuana Company Turns Over New Leaf

A pioneer of the medical marijuana industry has been appointed to the advisory board of Santa Monica’s Marijuana Company of America, CNN Money reports.

Stocks Mostly Down

The Dow Jones industrial average fell 13 points in Tuesday trading to close at 16,014. The S&P 500 fell 1 point to 1,852. The Nasdaq fell 15 points to 4,269. The LABJ Stock Index remained at 204.

Gas-Leak Refugees Get Some Relief

Southern California Gas Co. announced Monday it has reached a new agreement with the city to extend the time allotted for displaced Porter Ranch residents to return home once the Aliso Canyon gas leak has been resolved.

Interest in Imagine Entertainment ‘Raines’ Supreme

Imagine Entertainment, anchored by Hollywood heavyweights Brian Grazer and Ron Howard, announced Monday that it has received a significant investment from the merchant bank the Raine Group.

Dollar Shave Club and Honest Co. Run Super Bowl Ads

Online retailers Dollar Shave Club and Honest Co. ran their first Super Bowl advertisements on Sunday, signifying a major push to expand each company’s brand. The Super Bowl commercials come as both companies aim to be better known among consumers and perhaps retail investors.

CBS CEO Moonves Eyes Digital Programming

CBS Corp. Chief Executive Leslie Moonves, who last week also became executive chairman, is using his expanded influence at the network to build a greater presence in the digital television realm, Reuters reported Monday.

Pop-Up Park in the Middle of DTLA Street?

In an effort to bring more green space to Downtown L.A.’s concrete jungle, the South Park Business Improvement District is working on plans to create a temporary park in the median of Hope Street.

Zirx Loses Consumer Parking

On-demand parking service Zirx is pulling out of its on-demand, consumer parking business, which it launched in Los Angeles in November 2014.

Crystal Cruises to Reuse Old Ocean Liner

The New York Times reported Monday that Crystal Cruises in Century City has announced plans to convert the SS United States, a historic ocean liner from the Cold War era, into a cruise ship called the United States by Crystal Cruises.

Stocks Down

The Dow Jones industrial average fell 178 points to close at 16,027 in Monday trading. The S&P 500 fell 27 points to 1,853. The Nasdaq fell 79 points to 4,283. The LABJ Stock Index fell 4 points to 204.

Dollar Shave Club and Honest Co. Run Super Bowl Ads

Online retailers Dollar Shave Club and Honest Co. ran their first Super Bowl advertisements on Sunday, signifying a major push to expand each company’s brand.

L.A. Tech Events Calendar: Feb. 8 - 21

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

Pat Haden to Step Down as USC Athletic Director

USC athletic director Pat Haden will step down from his post June 30, according to a statement Friday from the university.

Silicon Beach Launch List: Feb. 5

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

Silicon Beach Deal Flow: Feb. 5

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

Honest Co. in IPO Talks

Online retailer Honest Co. is working with bankers for an initial public offering of its stock, according to sources cited by Bloomberg.

Virtual Reality Startup WEVR Raises $25 Million

Virtual reality content producer and publisher WEVR of Venice has raised a $25 million round.

Hasbro-Mattel Merger Rumors Cause Tremors In Toyland

CNBC reported Friday that negotiations for a Hasbro-Mattel merger aren't ongoing, contrary to earlier reports that the two toymakers began discussions of a merger in late 2015.

LAX Project Among Largest In L.A. History

The $5 billion Landside Access Modernization Project, one of the largest construction endeavors in Los Angeles history, promises to revolutionize road and rail access to the Los Angeles International Airport and serve as the cornerstone for the airport, the Daily Breeze reported Friday.