Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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Retailers’ Concerns Mount as Hanjin Bankruptcy Delays Trade

The fallout from Hanjin Shipping filing for bankruptcy and ceasing operations this week was immediate, as cargo ships sat off the California coast unable to dock and freight companies scrambled to move their cargo.

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Pet Feeder Maker Petnet Raises $10 Million

Pet-care technology is a booming business. Just ask Carlos Herrera, chief executive of automated pet feeder maker Petnet, whose downtown company just received a $10 million Series A round led by San Diego’s Petco Animal Supplies Inc. Online financial services firm Aspiration Growth and other undisclosed investors also participated.

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Record Sale Could Cost House of Bijan Home

Last Rodeo?

House of Bijan could be left homeless on Rodeo Drive as the new owner may tear down its storefront.

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Ports Awash in Bankrupt Shipping Line’s Cargo

TRADE: Hanjin’s collapse could prove big blow to Long Beach operations.

Bankruptcy of Hanjin Shipping leaves cargo shipments adrift at ports.

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Augmented Reality Helmet Heads Into Industrial

TECHNOLOGY: Daqri sees product guiding workers through variety of jobs.

Daqri pitches its augmented reality Smart Helmet as a good fit for engineering and industrial jobs.

Silicon Beach Report Sept. 1: SpaceX Rocket Explodes, Destroying Facebook’s Satellite

SpaceX Rocket explodes and destroys Facebook’s satellite, Hyperloop One lawsuit accusations grow, Fandango expands service to Arclight Cinemas, and more.

Green Dot Bank Names Mary Dent as New CEO

Green Dot Bank in Pasadena announced yesterday that board member Mary J. Dent would become the bank’s chief executive. She succeeds Lewis Goodwin, who will remain as the bank’s president, according to a press release.

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City Sued Over Use of LAPD at Rams Games

A lawsuit filed Wednesday by former City Councilman Dennis Zine accuses the City of Los Angeles and Los Angeles Police Department Chief Charlie Beck of illegally deploying police officers as security for pre-season L.A. Rams games, calling the action an “unlawful gift of public funds.”

Modest Salary Raises on Tap for Next Year

Looking for a big raise or to jump ship for a much higher-paying position next year? Not likely to happen, according to a survey released this week from Robert Half International.

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Cargo in Limbo After Hanjin Stops Operations

Ships loaded with cargo were sitting directionless off the California coast Wednesday after Hanjin Shipping filed for bankruptcy and ceased operations.

Silicon Beach Report Aug. 31: Flipagram Is Shopping Itself Around to Potential Buyers

Flipagram Is Shopping Itself Around to Potential Buyers, Appetize signs deal to supply devices to Los Angeles Memorial Coliseum, CBS All Access Launches Ad-Free Option, and more.

Appetize Signs Deal to Supply Devices to Los Angeles Memorial Coliseum

Point-of-sale system manufacturer Appetize of Santa Monica has signed a deal with venue management firm Legends to outfit the Los Angeles Rams’ temporary home, the Los Angeles Memorial Coliseum, with its devices.

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Hanjin Shipping Files for Bankruptcy

Hanjin Shipping Co. Ltd. filed for bankruptcy protection Wednesday after negotiations with creditors failed, sinking the seventh-largest cargo container carrier in the world and one of the largest shippers at the Port of Long Beach.

Silicon Beach Report Aug. 30: Washio Folds Operations Following Inability to Find Buyer

Washio folds operations following inability to find buyer, SpaceX to launch recycled rocket, Jessica Alba joins other celebrities on Apple’s new TV show, and more.

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Hanjin Shipping Creditors Reject Finance Plan

Hanjin Shipping Co. Ltd., one of the largest cargo carriers at the Port of Long Beach, may be headed for bankruptcy after its creditors reportedly rejected a restructuring plan Tuesday.

Business Accelerator to Open In Watts

Watts is slated to get its first-ever business accelerator under plans announced Tuesday by the Valley Economic Development Center and a local community development organization.

Washio Folds Operations After Being Unable to Find Buyer

On-demand laundry startup Washio is washed up. The Santa Monica-based company that raised more than $16 million since its founding in 2013 announced on its website Monday that it had closed its operations and would no longer be accepting orders.

Poor Transportation System Costs Motorists $53.6 Billion Annually

California’s inadequate transportation system costs motorists a total of $53.6 billion per year in the form of congestion-related delays, crashes, and extra costs of operating a vehicle, according to a report released Monday.

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Rams Boost KCBS Ratings Despite Preseason Loss to Broncos

Win or lose, the Los Angeles Rams can count on both great weather and devoted fans in Southern California.

Silicon Beach Report Aug. 29: Sneaker App GOAT Raises $5 Million

Sneaker app GOAT raises $5 million, Engage: BDR Inc. to go on $100 million acquisition spree, Gatorade running in-app tennis game on Snapchat, and more.