Los Angeles Business Journal


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.

$508 Million Redevelopment Kicks Off at LAX

Southwest Airlines on Tuesday kicked off the $508 million redevelopment of Terminal 1 at Los Angeles International Airport, a modernization project expected to bring in 1,500 construction jobs, Los Angeles Mayor Eric Garcetti said at a groundbreaking ceremony.

Tribune Co. Buys Stake in Contend

Tribune Publishing Co., parent company of the Los Angeles Times, has invested in downtown L.A. content creator Contend and will partner with the company to create branded campaigns for Tribune advertisers. Terms of the deal were not disclosed.

SpaceX, Boeing to Share NASA Contract

Hawthorne rocket maker SpaceX and Chicago aerospace giant Boeing Co. will share a contract to ferry U.S. astronauts to and from the International Space Station, NASA Administrator Charles Bolden announced today.

L.A. Chamber Opposes Garcetti Plan to Hike Minimum Wage

The Los Angeles Area Chamber of Commerce board of directors has voted to oppose Los Angeles Mayor Eric Garcetti’s plan to hike the minimum wage in the city to $13.25 an hour by 2017.

Stocks Rise

The Dow Jones industrial rose 101 points in Tuesday trading to close at 17,132. The S&P 500 rose 15 points to close at 1,999. The Nasdaq rose 34 points to close at 4,553. The LABJ Stock Index rose one point to close at 205.

Workpop Launches After Raising $7.9 Million

Workpop, a job board site with a career development focus, has launched after securing $7.9 million in funding.

August Shipping Up at Port of Los Angeles, Down in Long Beach

Cargo volumes increased last month at the Port of Los Angeles, although the neighboring Port of Long Beach saw a decline in activity after what officials there characterized as mismatch between last year’s peak shipping season and this year’s.

UC Regents to Consider $250 Million VC Fund

The University of California Board of Regents is set to hear a proposal that will establish a multimillion-dollar venture capital fund to back startups founded on student and faculty research. The Wall Street Journal reported the fund could be as large as $250 million.

AAA Renews Partnership With TrueCar

Santa Monica car-buying company TrueCar Inc. renewed a deal with insurance giant AAA, announcing Monday it will continue to power the auto club’s online auto-buying program.