Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Stocks Continue to Rise

The Dow Jones industrial average rose 66 points on Friday to close at 17,501. The S&P 500 rose 12 points to 2,052. The Nasdaq rose 57 points to 4,767. The LABJ stock index rose two points to 226 points.

Canary Health Buys Mental Health Program bLife

West L.A.-based Canary Health, a developer of patient health-management software, has acquired mental health program bLife in an all stock deal. Terms were not disclosed.

Stocks Continue to Fall

The Dow Jones industrial average fell 91 points on Thursday to close at 17,435. The S&P 500 fell 8 points to 2,040. The Nasdaq fell 27 points to 4,712. The LABJ stock index fell two points to 223 points.

Snapchat Could Launch Facebook-like Newsfeed

Photo-messaging app Snapchat is reportedly preparing to launch a Facebook-like newsfeed.

Tease photo

Cinedigm Becomes Largest Faith-based Streaming Service With StoryBox.tv Acquisition

Century City-based entertainment distribution company Cinedigm Corp. has reached a deal to to buy nearly all of the content owned by StoryBox.tv, a family-friendly, multi-platform streaming service based in Utah.

Stocks Mixed

The Dow Jones industrial average fell 3 points on Wednesday to close at 17,527. The S&P 500 stayed flat at 2,048. The Nasdaq rose 23 points to 4,739. The LABJ stock index fell one point to 225 points.

Supreme Court Delivers Victory for People-Search Firm Spokeo

The U.S. Supreme Court has handed people-directory site Spokeo of Pasadena a victory in its defense of a class-action lawsuit alleging the company should be held financially liable for publishing false information.

Starting Salaries in Los Angeles Are 12 percent Higher Than National Average

The average starting salary for college graduates in Los Angeles is about $54,000 – 12 percent higher than entry-level salaries across the nation, according to a study released Tuesday by Century City executive search firm Korn Ferry.

Stocks Fall

The Dow Jones industrial average fell 181 points on Tuesday to close at 17,530. The S&P 500 fell 19 points to 2,047. The Nasdaq fell 60 points to 4,716. The LABJ stock index fell three points to 226 points.

READER POLL: Would an Apple store downtown mean the neighborhood has officially arrived?

READER POLL: Would an Apple store downtown mean the neighborhood has officially arrived?

L.A. Tech Calendar May 16 - 29

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

Connexity Debuts New Audience Measurement Tool

Digital marketing company Connexity has launched a new audience measurement and analytics platform named AudienceView.

Gannett Boosts Offer for L.A. Times Parent Tribune Publishing

Gannett Co. has increased its offer to acquire Tribune Publishing, the corporate parent of the Los Angeles Times.

Oil Firm Breitburn Energy Files for Bankruptcy

L.A. oil firm Breitburn Energy Partners filed for Chapter 11 bankruptcy protection Monday after attempting to stave off insolvency for months. Breitburn Chief Executive Hal Washburn said in a statement the company had enough capital to continue its operations as normal during restructuring efforts.

Stocks Continue to Rise

The Dow Jones industrial average rose 175 points on Monday to close at 17,711. The S&P 500 rose 20 points to 2,067. The Nasdaq rose 58 points to 4,775. The LABJ stock index rose one point to 230 points.

Tease photo

Snapchat To Snap Up Real Estate in Santa Monica Market

Snapchat, Inc. appears to be in the process filtering into a large spot at the Santa Monica Airport, close to its Venice headquarters.

Silicon Beach Launch List: May 13

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

Tease photo

Cross Culture Ventures Closes $10.5 Million Fund

Troy Carter’s Cross Culture Ventures has raised a $10.5 million fund, according to a filing with the Securities and Exchange Commission.

Silicon Beach Deal Flow: May 13

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

PE Roundup: Private Equity Deals And Funds Announced This Week

Beverly Hills private equity firm Gores Group announced Monday it will sell portfolio firm Hay Group, a Bad Sobernheim, Germany-based producer of high-precision forged and machined steel automotive parts, to Toyohashi, Japan manufacturer of automotive components Musashi Seimitsu. Terms of the deal were not disclosed. Westwood investment firm St. Cloud Capital announced Monday it has invested in urgent care clinic manager Stat Health of Long Island, N.Y. Financial terms were not disclosed. Santa Monica investment firm Clearlake Capital Group announced Tuesday it will acquire Irvine software provider Vision Solutions Inc. from San Francisco private equity firm Thoma Bravo. Financial terms of the transaction were not disclosed.