Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Convention Center Designs Go on Display

After years of talk about the need for an improved and expanded Los Angeles Convention Center, Angelenos can now get a glimpse at what an updated center might look like.

Judge OKs $275 Million Activision Settlement

A Delaware judge has approved a $275 million shareholder settlement that ends a shareholder lawsuit against Santa Monica videogame publisher Activision Blizzard Inc.

Briefs: Lions Gate Posts Bigger Profit, L.A. Foreclosures Rise

Lions Gate Roars Lions Gate today reported strong financial results for its fiscal 2015, boosted by the performance of hit movies such as “Hunger Games: Mockingjay, Part 1” and TV successes such as “Orange is the New Black.”

Stocks Rise

The Dow Jones industrial average was flat in Thursday trading to close at 18,286. The S&P 500 rose five points to 2,131. The Nasdaq rose 19 points to 5,091. The LABJ Stock Index was flat at 235.

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Big Time for Little Labs?

What will it take for smartwatch app developer Little Labs of Venice to succeed?

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Seed Round Streams into Mobcrush

Mobcrush, an iOS app that streams video of people playing mobile games, has raised a $4.9 million seed investment round.

Auto Dealers Take on TrueCar, Again

A Sacramento trade group representing more than 1,100 of the state’s new car dealers has accused Santa Monica’s TrueCar Inc. of operating as an auto dealer and broker without a license.

Port of Long Beach to Shell Out for Chassis Fleet

The more truck chassis, the merrier – that’s why the Port of Long Beach is going to build its own fleet of the truck trailers used to haul shipping containers to and from the port and the Port of Los Angeles.

Ryu Tops Business-Backed Ramsay in Council Race

In Tuesday’s District 4 L.A. City Council election, political newcomer David Ryu beat Carolyn Ramsay, the candidate backed by most business organizations, in the race to replace Councilman Tom LaBonge, according to provisional results released Wednesday.

Disney Opens Behemoth Shanghai Store

The biggest Walt Disney Co. store in the world isn’t at the company’s landmark Disneyland theme park in Anaheim or its sprawling Disney World resort in Florida: It’s in Shanghai’s financial district.

Markets Mixed

The Dow Jones industrial average fell 27 points in Wednesday trading to close at 18,285. The S&P 500 fell two points to 2,126. The Nasdaq rose two points to 5,072. The LABJ Stock Index was flat at 235.

L.A.’s Wage Will Rise

Consider L.A.’s minimum wage hiked.

Business Group Takes on CARB over Cap and Trade

Calling California’s cap-and-trade emissions auctions a form of extortion, the National Federal of Independent Business’ Small Business Legal Center has filed a brief in the Third District California Court of Appeals, saying the auctions are a burden to small business and that the California Air Resources Board lacks the legal authority to sell emission allowances.

DaVita Consolidates in Large El Segundo Lease Deal

DaVita HealthCare Partners Inc. wanted to “DaVita-ize” its California presence.

Briefs: Ducommun Expands Relationship with Gulfstream, Brown Signs Climate Change Agreement

Ducommon, Gulfstream Expand Relationship Carson aerospace manufacturer Ducommun Inc. is expanding its business with business-jet maker Gulfstream Aerospace Corp. to make parts for two new business jets models.

Stocks Mixed

The Dow Jones industrial average rose 14 points in Tuesday trading to close at 18,312. The S&P 500 fell one point to 2,128. The Nasdaq fell eight points to 5,070. The LABJ Stock Index was flat at 234.

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Investors Bet on Fantasy E-sports Startup

Eager to get a slice of the next thing in fantasy sports, over a dozen investors have taken a stake in Venice’s AlphaDraft, an online fantasy contest for video game competitions.

TV Shows Tune In to Tax Credits

TV shows are rushing to take advantage of expanded tax credits for filming in California.

Looming Wage Hike Tamps Down Business Confidence

L.A. area businesses are optimistic about business conditions this year and plan to sharply ramp up capital spending, according to a survey to be released today from the Los Angeles County Business Federation, or BizFed.

Lewis Brisbois To Stay at U.S. Bank Tower

Lewis Brisbois Bisgaard & Smith is staying put.