Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Mobile Video Game Studio Gets $5 Million From Accel

Pasadena mobile game maker Industrial Toys announced Tuesday that it has secured $5 million in Series A funding from Accel Ventures, according to a statement.

Former Turner Animation Marketing Exec Joins DreamWorks

DreamWorks Animation SKG Inc. on Tuesday said Brenda Freeman, a former marketing executive at Turner Animation, will be become its head of television marketing.

Stocks Rise

In Tuesday trading, the Dow Jones industrial average closed up 75 points to 16,533. The Nasdaq rose 69 points, or 1 percent, to 4,268. The S&P 500 rose 13 points, or 1 percent, to 1,886. The LABJ Stock Index rose 2 points, or 1 percent, to 193.

Machinima Names New Chief Executive

YouTube multichannel network Machinima announced Monday that Chad Gutstein, former chief operating officer at Ovation television network, will become the company’s new chief executive

Ares Files for IPO

Century City private equity firm Ares Management filed for an initial public offering on Monday.

Fresenius Invests in Apollo Medical

Apollo Medical Holdings Inc. on Monday said it secured up to $12 million in capital from Fresenius Medical Care North America, a chain of dialysis clinics in Waltham, Mass.

Stocks Rise

In Monday trading, the Dow Jones industrial average closed up 135 points, or 1 percent, to 16,458. The Nasdaq rose 43 points, or 1 percent, to 4,199. The S&P 500 rose 15 points, or 1 percent, to 1,872. The LABJ Stock Index rose 2 points, or 1 percent, to 190.

FDA Could Limit MannKind Inhaler

Shares of MannKind Corp. fell 7 percent on Friday after the FDA staff raised safety questions about the company’s inhalable insulin device, which could limit its use for certain patients.

Fullscreen Acquires Gaming Network ScrewAttack

Culver City YouTube network Fullscreen announced Friday that it has acquired ScrewAttack, a Dallas website and YouTube channel for video gamers.

American Apparel, MannKind Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell slightly for the week.

Stocks Gain

In Friday trading, the Dow Jones industrial average closed up 59 points to 16,323. The Nasdaq rose 5 points to 4,156. The S&P 500 rose 9 points to 1,858. The LABJ Stock Index rose 1 point to 188.

Realty Mogul Raises $9 Million in Series A Round

Beverly Hills real estate crowdfunding company Realty Mogul has raised $9 million in Series A financing from Canaan Partners, according to a press release.

German Media Conglomerate Invests In Collective Digital Studio

Collective Digital Studio, a Los Angeles multichannel YouTube network, has received an eight-figure minority investment from German media giant ProSiebenSat.1 Group, according to a statement released on Thursday.

Long Beach Transit Cancels BYD Bus Contract

The board of Long Beach Transit voted Thursday to cancel the transit agency's contract for 10 of BYD Motors Inc.’s electric buses.

L.A. Chamber Endorses Shriver in Supes Race

The Los Angeles Area Chamber of Commerce on Thursday announced its endorsement of former Santa Monica councilman and Kennedy clan member Bobby Shriver for county supervisor.

David Nazarian Gives $10 Million to CSUN Biz School

Cal State Northridge will rename its business school after David Nazarian following a $10 million gift by the L.A. tech and real estate investor.

NBCUniversal to Shut Down DailyCandy, Television Without Pity Sites

NBCUniversal is shutting down two websites next month after failing to find buyers for either property, according to media reports on Thursday.

GoCoin Nabs $1.5 Million in Series A Funding

Santa Monica alternative currency payment processor GoCoin announced today that it had raised $1.5 million in Series A funding. The round was led by Silver Spring, Md., bitcoin online retailer Bitcoin Shop Inc. and Owen Van Natta, former chief operating officer of Menlo Park Internet giant Facebook Inc.

Dow, Nasdaq and S&P Down; LABJ Up

In Thursday trading, the Dow Jones industrial average closed down 5 points to 16,264. The Nasdaq fell 22 points to 4,151. The S&P 500 fell 4 points to 1,849. The LABJ Stock Index rose less than 1 point to 187.

Willow Bay to Lead USC's Journalism School

The USC Annenberg School for Communication and Journalism announced Wednesday that veteran broadcaster Willow Bay has been named director of its School of Journalism. Bay also is the wife of Walt Disney Co. Chief Executive Bob Iger.