Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

L.A. Tech Calendar: April 18 - May 1

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

Clooney and Katzenberg Raise Millions for Hillary Clinton

A slate of L.A.’s most powerful entertainment moguls were in attendance at two Hillary Clinton fundraisers hosted by DreamWorks Animation Chief Executive Jeffrey Katzenberg and George Clooney over the weekend.

Stocks Rise

The Dow Jones industrial average rose 107 points in Monday trading day to close at 18,004

Honest Co. Reportedly Considering Sale

Wary of weakening appetites for initial public offerings, Honest Co. is reportedly considering a sale.

Silicon Beach Launch List: April 15

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

Silicon Beach Deal Flow: April 15

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

Promoters Planning Ultimate Concert

You can’t always get what you want, but if you’re a local classic rock enthusiast then you might just come close.

L.A. Unemployment Rate Drops Again

L.A. County’s unemployment rate continued its rapid descent in March, falling to 5.4 percent, closing most of the unemployment gap with the rest of the nation.

PE Roundup: Private Equity Deals and Funds Announced This Week

West L.A. private equity firm Leonard Green & Partners announced Thursday that its operating company, Tucson, Ariz.-based Mister Car Wash, entered Mississippi with the acquisition of seven car washes from Flowood, Miss.-based Venture Car Wash. Terms of the deal were not disclosed.

Capstone Turbine Corp., Breitburn Energy Partners Among Week's Biggest Movers

Chatsworth microturbine maker Capstone Turbine Corp. was the week’s biggest mover, gaining 45 percent to close at $2.

What to Watch This Weekend

A preview of this weekend’s new movie releases with a focus on the business aspects of the plots.

Reader poll: Now that Kobe Bryant is retiring, will the Lakers have a better record next season without the superstar?

Now that Kobe Bryant is retiring, will the Lakers have a better record next season without the superstar?

Stocks Fall

The Dow Jones industrial average fell 29 points in Wednesday trading day to close at 17,897.

Mayor Talks Up Economic Recovery

Mayor Eric Garcetti sought to draw attention to Los Angeles’ march toward economic recovery during his annual State of the City speech Thursday. While celebrating falling unemployment, he also acknowledged that many Angelenos have missed out on the city’s rebounding jobs and real estate market, reported the Los Angeles Times.

Kobe Breaks Merchandising Record

Kobe Bryant not only put up big numbers in points and TV ratings in his final NBA game Wednesday night -- he also helped the Staples Center and the Los Angeles Lakers break industry merchandise records. On Wednesday alone, stores at Staples Center sold $1.2 million worth of Kobe merchandise, reported ESPN. That's a single-day sales record for any arena in the world.

Fred Hayman Dies Aged 90

Fred Hayman, the stylish entrepreneur whose vision transformed a nondescript Southern California street into one of the world's pre-eminent fashion districts, earning him the nickname, "Godfather of Rodeo Drive," has died at age 90, reports the AP. Hayman opened the shopping street’s first luxury boutique, Giorgio Beverly Hills, in 1964.

Redstone Won’t Take The Stand

Ailing mogul Sumner Redstone will not be called to give evidence at a forthcoming trial to determine his mental competence. Both sides agreed to try and not compel the CBS and Viacom controlling shareholder to testify, reported the Los Angeles Times.

Teacher Tenure Ruling Reversed

In a major victory for unions, a California appeals court on Thursday reversed a lower court ruling that had thrown out tenure and other job protections for the state's public school teachers, reported the Los Angeles Times. The case was being closely watched across the country by those who argue that allowing administrators to more easily fire bad teachers would improve schools and student performance.

Texting In Movies To Be Allowed?

AMC Theaters may soon allow texting in a bid to appeal to millennials, reported KTLA. “You can’t tell a 22-year-old to turn off their cellphone. That’s not how they live their life,” said AMC chief Adam Aron.

Stocks Mixed

The Dow Jones industrial average rose 6 points in early Friday trading to 17,932. The S&P 500 fell 1 point to 2,081. The Nasdaq fell 10 points to 4,936. The LABJ Stock Index fell slightly to 228.