Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Stocks Fall

The Dow Jones industrial average fell 97 points in Monday trading to close at 17,641. The S&P 500 fell 17 points to 2,028. The Nasdaq fell 39 points to 4,665. The LABJ Stock Index was flat at 215.

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Beachbody Bulks Up in Santa Monica

Santa Monica multilevel marketing firm Beachbody, best known for infomercials selling its exercise and body-sculpting DVD programs Insanity and P90X, is bulking up at the beach.

Nasty Gal CEO Steps Down

Sophia Amoruso is giving up her official #GirlBoss title. The Nasty Gal founder and author of the book “#GirlBoss,” which details her experience in launching the online fashion retailer, announced Monday that she will be stepping down as chief executive.

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Coming to End?

INTERNET: Marketing firm brings in domain vet Page Howe to spread gospel of dot-la to businesses in Los Angeles.

Domain-name vet Page Howe is working to get dot-la to click with local businesses.

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L.A. Launch List: Jan. 9

On this week's list: luxury iPhone 6 cases, a celebrity news podcast and a workflow solution for TV/film set decorators.

Mehdizadeh to Replace Medbox Execs, Board

Vincent Mehdizadeh, founder and majority shareholder of West Hollywood’s Medbox Inc., notified investors Friday that he will replace the marijuana dispensing company’s board of directors, its chief executive and its chief financial officer.

Kite Pharma, CytRx Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell for the week. The weighted LABJ index fell 1 percent to close at 215, with losers outpacing gainers 96 to 58. Seven companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 171 points in Friday trading to close at 17,737. The S&P 500 fell 17 points to 2,045. The Nasdaq fell 32 points to 4,704. The LABJ Stock Index fell one point to 215.

Tiger Pistol Bangs Out $3.1 Million Raise

Tiger Pistol, an Australian startup that recently relocated its base to Los Angeles, announced it raised $3.1 million late last year to fund its social media marketing platform and further expand into Asia and the United States.

PE Roundup: Private Equity Deals Announced This Week

West L.A. private equity firm Brentwood Associates announced Tuesday that it had acquired Excelligence Learning Corp. in Monterey, which manufactures and sells children’s educational products such as arts and crafts sets to schools and parents. Terms of the deal were not disclosed.

Zealot Networks Acquires Premier Sports & Entertainment

Venice digital media company Zealot Networks has acquired Premier Sports & Entertainment to boost its talent management offerings.

New Trial Results Propel CytRx Shares

CytRx Corp. saw its stock rise 7 percent on Thursday following more good news from clinical trials. The West L.A. biopharmaceutical firm announced positive results from a study of a potential treatment for HIV-related skin cancer. Shares rose 25 cents to close at $3.64.

Labor Unions Take On El Super Grocery Chain

Labor unions in Los Angeles are going head to head with Paramount-based grocery chain El Super, again.

PETA Protests the Return of Foie Gras; Hot’s Kitchen Undeterred

Roughly 20 PETA protestors gathered outside Hot’s Kitchen in Hawthorne on Thursday to protest the return of foie gras to the restaurant’s menu, as well as the chef who cooks it up.

Stocks Rise

The Dow Jones industrial average rose 323 points in Thursday trading to close at 17,908. The S&P 500 rose 36 points to 2,062. The Nasdaq rose 86 points to 4,736. The LABJ Stock Index rose two points to 216.

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Work/Life: Robert Blatt

The chief executive of MomentFeed on surfing, leaving San Francisco and refusing to wear a suit.

Robert Blatt, the 54-year-old chairman and chief executive of mobile marketing platform MomentFeed in Santa Monica, has three lively daughters, a surfing addiction and a yoga habit. He’s maintained an active lifestyle throughout the 25 years that he’s worked in senior management positions, employed previously as senior vice president of product development at Ascent Media, vice president and general manager of personal media at AOL and chief executive of Outcome. We spoke with Blatt about how to avoid stress – even when you’re the chief executive of a startup.

All Day ‘Pics’ Up $2 Million

All Day Media, the company behind the popular HistoryinPics and EarthPix Twitter accounts, has raised $2 million in seed funding.

FDA Panel Approves Rival Neupogen Drug

A U.S. Food and Drug Administration advisory panel on Wednesday unanimously recommended the agency approve a “biosimilar” version of Amgen Inc.’s cancer drug Neupogen. The FDA panel concluded that Zarzio, a drug sold by the generic drug division of Swiss pharmaceutical giant Novartis Group, is highly similar to the Thousand Oak’s biopharmaceutical company’s Neupogen.

L.A. City Attorney Targets Memory Card Music Pirate

Los Angeles City Attorney Mike Feuer announced today that his office has filed a civil lawsuit against a man who allegedly peddled over $280,000 in pirated movies, videogames and music in downtown L.A.’s fashion district.

Poll: Is hiring sales reps to sell online ads an outdated way to compete in 2015?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.