Los Angeles Business Journal


Stocks Mixed

The Dow Jones industrial average rose 13 points in Monday trading to close at 17,648. The S&P 500 rose two points to 2,041. The Nasdaq fell 18 points to 4,671. The LABJ Stock Index was flat at 212.

Rubicon Project Buys Two Ad Tech Firms

Automated advertising provider Rubicon Project has announced it will acquire two ad tech firms for a total of less than $30 million in mostly stock deals.

Seriously Raises Another $5 Million

Seriously, the mobile game studio by former Rovio execs, has secured an additional $5 million from existing investors Upfront Ventures, Sunstone Capital and Daher Capital.

NBCUniversal Wants Storytelling Tech

NBCUniversal’s Media Labs, another entry in the studio accelerator arena, is looking for “new forms of storytelling driven by technology.”

Big Frame Adds Talent

Big Frame, a YouTube talent management company, has added 11 content creators to its clientele.

PCM, Demand Media Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell for the week. The weighted LABJ index fell less than 1 percent to close at 212, with losers outpaced gainers 81 to 71. Seven companies closed the week unchanged.

Markets Mixed

The Dow Jones industrial average fell 18 points in Friday trading to close at 17,635. The S&P 500 was flat at 2,040. The Nasdaq rose eight points to 4,689. The LABJ Stock Index fell one point to 212.

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L.A. Launch List: Nov. 14

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches. On this week's Launch List: Curbstand, FreedomPop, Beats by Dr. Dre and more.

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Koreatown Apartments Flipped, To Be ‘Repositioned’

Apartment buildings in Koreatown continue to be a popular buy for investors. Murano Apartments, a 46-unit multifamily property at 342-50 S. Catalina St., was sold recently to Beverly Hills real estate company SM Management for $11.6 million, or about $252,000 a unit. The seller, San Mateo investment group TDA Inc., had purchased the building for $5.1 million in 2002, according to CoStar. The property was entirely occupied at the time of sale.

Glendale, Glendora Win Biz-Friendly Cities Honors

The “Glens” have it. Glendale was named the most business-friendly large city in the county Thursday night by the Los Angeles County Economic Development Corp., while Glendora took the honors for the most business-friendly small city.

Mandalay Digital Buys Appia

Mandalay Digital Group, a Hollywood mobile software products company, is buying mobile user acquisition network Appia.

Feds: L.A. Drivers Stole $1 Million from Bank Shipment

Two armored truck drivers for Loomis were arrested Thursday morning for allegedly stealing more than $1 million in cash, part of a shipment that was being transported for Bank of America.

Updated: City Files Suit Against Contractors Alleging Wage Theft

Los Angeles City Attorney Mike Feuer on Thursday announced the city has filed a lawsuit against the main contractor and several subcontractors on a city animal shelter construction project, alleging the companies failed to pay their workers at least $250,000 in promised wages.

Scopely Locks Down $35 Million

Scopely, a mobile game and entertainment company, has raised $35 million in a Series A round led by Evolution Media Partners and Highland Capital Partners.

Teamsters Strike, Allege Wage Theft

Truck drivers who work at the ports of Los Angeles and Long Beach walked off the job Thursday to protest two trucking firms they accuse of wage theft, according to the International Brotherhood of Teamsters, which organized the action.

Snapchat Filters Out Third-Party Apps

The ephemeral messaging app is taking a permanent stand against third-party apps.

After IPO, Smart & Final Beats Expectations

Commerce warehouse retailer Smart & Final Stores Inc. on Wednesday reported strong quarterly earnings that beat analysts’ expectations in the first release since the company went public in September.

Live Nation and Vice to Launch Digital Network

As MTV and VH1 shift away from music and more toward reality television, there’s a shortage of programming that’s actually about music – and Live Nation Entertainment and Vice Media plan to capitalize on that.

Stocks Mixed

The Dow Jones industrial average fell three points in Wednesday trading to close at 17,612. The S&P 500 fell one point to 2,038. The Nasdaq rose 15 points to 4,675. The LABJ Stock Index was flat at 213.

Poll: Where do you get your Hollywood news?

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. Our latest poll is available on the bottom right column of our home page.