Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Los Angeles Clippers May Leave Staples Center for Westside

The Los Angeles Clippers could be moving out of downtown’s Staples Center once their current lease expires in June 2024, ESPN reported Wednesday.

Hyperloop One Builds World's First Hyperloop Manufacturing Plant

Los Angeles-based next generation transportation company Hyperloop One announced that it opened the world’s first Hyperloop manufacturing facility in North Las Vegas today.

Edmunds.com Opens Massive New Headquarters

Car shopping website Edmunds.com Inc. moved into a new 143,000-square-foot headquarters at the Colorado Center in Santa Monica on Tuesday.

Clicks Targeted in Legal Battle between Online Ad Firms Criteo and SteelHouse

Culver City-based online ad firm SteelHouse Inc. filed a countersuit Tuesday against French rival Criteo SA in a quickly escalating battle over how the two companies generate and track clicks that lead to web sales for their clients.

Silicon Beach Report July 26: Neil Clark Warren Steps Down as eHarmony’s CEO

Neil Clark Warren steps down as eHarmony’s chief executive, SteelHouse Countersues rival, Scopely raises $55 million, and more.

Neil Clark Warren Steps Down as eHarmony’s CEO

Neil Clark Warren is retiring from his position as chief executive of eHarmony. He will retain his position as chairman of the dating website.

Silicon Beach July 25: AwesomenessTV Signs United Kingdom Distribution Deal

AwesomenessTV signs United Kingdom distribution deal, StackPath acquires MaxCDN, Atom Tickets expands ticketing service, and more.

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AwesomenessTV Signs United Kingdom Distribution Deal

AwesomenessTV of West Los Angeles has signed a deal to distribute its TV series in the United Kingdom through British broadcaster ITV.

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Mattel Reports Strong ‘Ghostbusters’ Sales Amid Disappointing Q2 Results

Mattel Inc. is ready to believe in the new “Ghostbusters.” On Friday, the El Segundo-based toymaker reported strong sales figures that have “exceeded expectations” for its “Ghostbusters” action figures and movie-inspired replica items such as the Ecto vehicle and the Proton pack. The announcement was originally reported by Variety.

Movers for Week Ending July 22, 2016

Los Angeles-based bio pharmaceutical company Puma Biotechnology Inc. was this week’s biggest mover, gaining 26 percent to end at $$42.52. Commerce-based Differential Brands Group was also among the week’s movers. The branded consumer platform gained 19 percent to end at $3.55. Manhattan Beach’s performance footwear company Skechers Inc. was the week’s biggest loser, dropping 23 percent to end at $24.99.

Silicon Beach Report for July 22: Birchbox Runs Customer Service Test on Snapchat

Birchbox runs customer service test on Snapchat, Free Reign Entertainment launches Shattered Skies, and Easypose expands on-demand yoga instruction.

Unemployment Rate Falls to 4.8 Percent

L.A. County’s unemployment rate fell to 4.8 percent in June, the lowest it’s been since January 2007, according to figures released Friday. In May, the seasonally adjusted rate was 4.9 percent.

Social Productivity App WeDo Launches Publicly

From Fantastical to Evernote there are dozens of popular productivity apps that help users do everything from planning an interview to remembering to take out the garbage. Organization junkies will need to make room for one more as WeDo, the latest iteration on so called to-do apps was publicly launched on Thursday.

Silicon Beach Report July 21: Tinder Launches Group Activity Feature

Tinder Launches group activity, Legend VR to create virtual reality for Stan Lee, and Machinima launches in China.

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Millennials Drive Growth in Attendance at Universal Studios

Zombies and wizards are drawing an unexpected audience to Universal Studios Hollywood this year: millennials.

June Los Angeles Residential Real Estate Market Heats Up

The number and price of homes sold in the Los Angeles metropolitan area continued their upward trend this year in June, according to data from the Seattle real estate company Redfin.

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L.A. Metro Sued Over Downtown Project

An outdoor mall in Little Tokyo sued the Los Angeles County Metropolitan Transportation Authority Wednesday in an attempt to halt construction of the major rail project in downtown.

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Feds Look to Recover Assets from 'The Wolf of Wall Street' Money Laundering Scheme

Oscar-nominated film “The Wolf of Wall Street,” produced by West Hollywood’s Red Granite Pictures Inc., is at the top of a list that identifies more than $200 million in assets linked to Los Angeles that the United States government aims to recover after an alleged international money laundering conspiracy.

Silicon Beach Report July 20: Dollar Shave Club Acquired for $1 Billion

Dollar Shave Club acquired for $1 billion, Rubicon Project signs deal to automated Spotify ad inventory, RadPad adds electronic leases, and more.

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Director and Producer Garry Marshall Dies at 81

Legendary director and producer Garry Marshall died on Tuesday, at the age of 81. His publicist, Michelle Bega confirmed the news first reported by Access Hollywood that Marshall had died of complications of pneumonia following a stroke at a hospital in Burbank.