Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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Makemoji Raises $1 Million Seed Round

Makemoji, whose mobile app helps users create their own emoji characters, has raised $1 million in seed funding.

Smart & Final IPO Set for Next Week

Commerce warehouse retailer Smart & Final Stores Inc., which filed for an IPO in June, will begin trading Wednesday according to Reuters PEHub. The company will offer about 13.5 million shares, priced between $12 and $14. At the midpoint of that range, the IPO would raise about $175 million and value Smart & Final at about $925 million.

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L.A. Launch List: Sept 19

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.

Has Oxy Spinoff Settled on Site?

California Resources Corp., the new and homeless spinoff from Occidental Petroleum Corp., is beefing up its presence in Long Beach, a move city officials hope will lead to the oil producer siting its headquarters there.

West Hollywood Fur Ban Raises Hackles, Questions

West Hollywood’s fur ban might only be skin deep as city and shop owners remain unsure of its enforcement.

L.A. Unemployment Stays at 8.1 Percent

L.A.’s unemployment rate held steady at 8.1 percent for August even as the county gained nearly 18,000 jobs as some schools reopened after summer vacation, according to state figures released Friday.

Shuttlerock Lands on Miracle Mile with $2.4 Million Raise

Shuttlerock, a New Zealand visual marketing software company, has opened its U.S. headquarters in Silver Lake after raising a $2.4 million in a Series A round.

Docupace Raises First Investment

Docupace Technologies, an electronic document processing platform provider, has secured its first raise.

Poll: What do you think of the West Hollywood ban on the sale of items made with fur?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition.

Gov. Signs Film Tax Credit Bill

Gov. Jerry Brown on Thursday signed a bill to more than triple funding for California's film and TV tax-credit program.

Stocks Up

The Dow Jones industrial average rose 109 points in Thursday trading to close at 17,266. The S&P 500 rose 10 points to close at 2,011. The Nasdaq rose 31 points to close at 4,593. The LABJ Stock Index was flat at 205.

Pershing Square Overhaul Gets $2 Million Boost

Efforts to overhaul Pershing Square, a five-acre urban park spanning a full city block in the heart of downtown Los Angeles, got a major boost Wednesday when a San Francisco real estate developer and the city together pledged $2 million to its revitalization.

Kin Secures $12 Million Series C Round

Kin, which offers women’s lifestyle video content, has closed a $12 million Series C round, bringing its total funding to date to $27 million.

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FameBit Launches as 500 Women Company

You can expect a bit more fame for FameBit co-founder Agnes Kozera, whose Santa Monica marketing startup has launched as one of the first companies in the 500 Women syndicate.

Skechers Ties Up Rival in Court

Manhattan Beach footwear giant Skechers USA Inc has been laced up in infringement cases lately – on both sides of the docket.

Chinese Investment Group Sets Flag in Burbank

Burbank Civic Plaza, a Class A office building in the city’s civic center, has sold to a Chinese investment group for $22 million, or about $287 a square foot.

Stocks Climb

The Dow Jones industrial average rose 25 points in Tuesday trading to close at 17,157. The S&P 500 rose three points to close at 2,002. The Nasdaq rose nine points to close at 4,562. The LABJ Stock Index was flat at 205.

Metacloud to be Acquired by Cisco

Metacloud, a cloud service company in Pasadena, is to be acquired by networking giant Cisco Systems Inc. of San Jose.

Spark Networks Breaking it Off With Employees

Spark Networks Inc., the company behind special-interest matchmaking sites such as ChristianMingle.com and JDate.com, has seen more of its customers fall for competing dating services.

Popchips to Move Headquarters to Los Angeles

San Francisco snack food manufacturer Popchips Inc. will move its headquarters to Playa Vista next month.