Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Boxer, Feinstein Seek Probe of Gas Leak

Senators Barbara Boxer and Dianne Feinstein called on federal regulators to investigate the cause of Southern California Gas Co.’s massive natural gas leak at its Aliso Canyon storage facility, the Los Angeles Daily News reported Friday.

What to Watch This Weekend

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

PE Roundup: Private Equity Deals Announced This Week

West L.A. private equity firm Brentwood Associates announced Thursday that its portfolio company, Monterey-based maker of pre-Kindergarten and grade school educational products Excelligence Learning Corp., has acquired Really Good Stuff Inc. of Monroe, Conn., a marketer of primarily grade school classroom tools. Financial terms were not disclosed.

Stocks Up

The Dow Jones industrial average rose 397 points in Friday trading to close at 16,466. The S&P rose 47 points to 1,940. The Nasdaq rose 107 points to 4,614. The LABJ Stock Index rose 5 points to 217.

Differential Brands, OSI Among This Week’s Movers

Differential Brands Group Inc., a new downtown Los Angeles apparel firm that grew out of Joe’s Jeans, made a different kind of fashion statement Friday when shares of the new company rose 26 percent for the week, closing at $8. Tutor Perini Corp., a Sylmar company specializing in general contracting, building and civil construction, rose 24 percent this week, closing at $13.21. The week’s biggest loser among stocks trading above $1 was OSI Systems, Inc. is Hawthorne developer and marketer of security and inspection systems, fell 30 percent this week, closing at $54.82.

Silicon Beach Deal Flow: Jan. 29

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

Susa Ventures Starts Fundraising $50 Million Fund

Early stage investing firm Susa Ventures has started raising its second fund, worth $50 million, according to a filing with the Securities and Exchange Commission.

Silicon Beach Launch List: Jan. 29

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

StartEngine Shifts Into Crowdfunding Market Gear

Santa Monica's StartEngine announced Friday it intends to file with the Securities and Exchange Commission to become a registered funding portal.

READER POLL

Would you seriously consider living in downtown Los Angeles (assuming you don’t now)?

Jukin Media Inks Deal with Huffington Post

Jukin Media of Culver City has signed a deal with the Huffington Post to supply it with licensed user-generated videos.

Barbie: You Can Stop Talking About My Body, Now

Barbie, long criticized for her perfect figure, is putting on weight – and coming in several more diverse versions. Mattel Inc., the El Segundo maker of Barbie, said Thursday it will begin selling the iconic doll in “curvy,” tall, and petite body types, according to The Daily News.

Hyperloop Technologies in Talks with Chinese Rail Company

China’s biggest maker of railway equipment, CRRC Corp., is in talks for a potential investment in downtown’s Hyperloop Technologies Inc., reports Bloomberg.

3BD Connects Dots With Legendary Entertainment

As Angelo Pullen sees it, everybody from infancy to 80 is a gamer…they just don’t know it yet. The co-founder of downtown Los Angeles gaming and entertainment startup 3BlackDot, points out that if you’ve downloaded Candy Crush or have played Angry Birds, there’s a good chance you may be a gamer. And that’s a good thing.

Charter to Give Fast Internet to Low-Income Customers

The Los Angeles Times reported Thursday that a four-hour hearing in Downtown L.A. staged by Charter Communications to get public reaction to its $67-billion plan to buy Time Warner Cable and Bright House Networks drew dozens of enthusiastic supporters – and some vocal critics. During the session, Charter discussed plans to provide affordable Internet service for some of Southern California's poor residents, a key selling point for community group leaders in attendance.

Amgen Beats 4Q Expectations

Amgen Inc. reported fourth-quarter financial results on Thursday that beat analyst estimates, at least on earnings. For the fourth quarter, the Thousand Oaks pharmaceutical company reported adjusted net income of $2 billion ($2.37 a share), compared to $1.7 billion ($1.68) for the same quarter a year earlier. Revenue increased 4 percent to $5.5 billion.

PKF Rebrands After CBRE Merger

Nearly a year and a half after downtown Los Angeles commercial real estate services firm CBRE acquired PKF-HR, an advisory and real estate firm specializing in the hospitality industry, PKF-HR announced Thursday it would be rebranded CBRE Hotels officially in February, according to real estate trade web site Globest.com Thursday.

Excellent Adventure in ‘Quantum’ Filmmaking

A video starring Stephen Hawking and Paul Rudd engaged in a game of Quantum Chess premiered Tuesday night in Caltech’s Beckman Auditorium as part of “One Entangled Evening,” a celebration of past and present quantum science. The event tribute to the legacy of the late Caltech physicist Richard Feynman, who received the Nobel Prize in physics 50 years ago.

Stocks Mostly Up

The Dow Jones industrial average rose 131 points in Thursday trading to close at 16,075. The S&P rose 12 points to 1,895. The Nasdaq rose 39 points to 4,506. The LABJ Stock Index fell 2 points to 211.

SteelHouse Revenue Grows 170%

Advertising software company SteelHouse of Culver City grew revenue last year by 170 percent to a $130 million revenue run rate.