Los Angeles Business Journal


PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Kayne Anderson Capital Advisors announced Thursday that its partnership with Tulsa, Okla. oil and gas company Casillas Petroleum Corp. has paid $106 million for certain oil and gas assets, including an interest in 260 producing wells owned by Oklahoma City’s Chesapeake Energy Corp. in the South Central Oklahoma Oil Province play.


California Resources Corp., an oil and gas exploration and production company, was one of the week’s leading gainers. Shares rose 52 percent to close at $2.26 a share on Friday. Virtual Piggy, Inc. was also a big gainer this week. Shares for the ecommerce payment company for kids rose nearly 32 percent to close the week at $0.11. Crowdgather, Inc., an owner and operator of digital assets in the consumer and cannabis sectors was among the week’s losing stocks. Shares fell nearly 26 percent to close at $0.02 a share.

Silicon Beach Deal Flow: April 22

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

Silicon Beach Launch List: April 22

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

Stocks Mixed at Close on Friday

The Dow Jones industrial average rose 21 points in Friday trading to close at 18,004. The S&P 500 rose slightly to 2,092. The Nasdaq fell 40 points to 4,906. The LABJ Stock Index rose to 233.

READER POLL: Are upgrades to local card clubs enticing to you?

Are upgrades to local card clubs enticing to you?

ABC Sells Fusion Stake to Univision

Univision Communications Inc. now solely owns Fusion, its first English-language media effort.

Report Breaks Down Economic Impact of LAX

Los Angeles International Airport is boosting Southern California’s economic output as its long-term renovations continue, according to a new impact report released Thursday by the Los Angeles County Economic Development Corp.

Huffington Post Buys Virtual Reality Startup Ryot

AOL Inc.’s Huffington Post has acquired Ryot Corp., a virtual reality news and documentary producer, for an undisclosed amount.

Good Samaritan Settles Patient Dumping Case

Los Angeles City Attorney Mike Feuer announced Thursday a $450,000 settlement with Westlake health care provider Good Samaritan Hospital over homeless patient dumping.

Stocks Fall

The Dow Jones industrial average fell 114 points in Thursday trading to close at 17,983. The S&P 500 fell 11 points to 2,091. The Nasdaq fell 2 points to 4,946. The LABJ Stock Index fell one point 232.

Snapchat Suffers Blackface Uproar

An effort by Snapchat to honor Bob Marley on Wednesday, referred to by some as National Weed Day, backfired when the company was swamped by accusations of racial insensitivity.

Dentist Marketplace Brighter Raises $21 Million

Online dentist marketplace Brighter has raised a $21 million round.

Mattel’s Sluggish Barbie Sales Continue

Leading toymaker Mattel Inc. reported a non-adjusted first-quarter net loss of $49.1 million (-21 cents a share) on revenue of $869 million.

Stocks Rise

The Dow Jones industrial average rose 43 points in Wednesday trading to close at 18,096. The S&P 500 rose 2 points to 2,102. The Nasdaq rose 8 points to 4,948. The LABJ Stock Index stayed flat at 233.

Prodege Buys MyPoints for $13 Million

Shopping rewards company Prodege has acquired rewards site MyPoints from United Online Inc. for $13 million in cash.

L.A. Council Passes Paid Sick Leave Policy

The Los Angeles City Council on Tuesday voted overwhelmingly to proceed with crafting an ordinance requiring all employers in the city to provide six days of paid sick leave a year to their workers, three days more than mandated under state law.

Stocks Mostly Up

The Dow Jones industrial average rose 49 points in Tuesday trading day to close at 18,053. The S&P 500 rose 6 points to 2,101. The Nasdaq fell 20 points to 4,940. The LABJ Stock Index rose less than a point to 233.

Biocom to Open L.A. Office

San Diego’s biotech trade group BIOCOM is opening an office in Los Angeles.

Hueston Hennigan Fights Judge’s Disqualification Ruling

A California state insurance fund has asked a federal judge to reconsider a ruling that disqualified the fund’s downtown L.A. attorneys from a $160 million medical fraud case.