Los Angeles Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Solar Farm Heats Up Prospects for Job Program

ENERGY: 8minutenergy project may generate work for Homeboy graduates.In August, Mid-Wilshire solar power developer 8minutenergy Renewables will begin construction on an $800 million solar power farm, dubbed Springbok, in Kern County, an installation that will provide electricity to about 1 million Los Angeles Department of Water and Power customers.

By Omar Shamout June 15, 2015 midnight   $$ Share

United Online Rejects Buyout

United Online Inc. on Wednesday said it has rejected a buyout offer from Los Angeles investment bank B. Riley Capital Management but said it will review the possibility of selling off assets or even the entire company.

SpaceX Challenged by Jeff Bezos’ Vertically Landing Rocket

Blue Origin of Kent, Wash. on Monday launched a rocket into space and landed it back on earth vertically, making history and creating serious competition for Elon Musk’s rocket company SpaceX.

Dollar Shave Club Raises More Millions; Eyeing IPO?

Dollar Shave Club of Santa Monica has raised an additional $15.7 million in a financing round and may be looking for more.

TrueCar Names New Chief

TrueCar Inc. announced Monday that Chip Perry will replace Scott Painter, TrueCar’s founder, as president and chief executive of the company.

Silicon Beach Deal Flow: Nov. 20

A weekly roundup of must-read L.A. tech investments and acquisitions.

Silicon Beach Launch List: Nov. 20

A weekly roundup of L.A. tech company and product launch.

Report: ICANN Spent $2.5 Million on Lobbying

ICANN, the Internet domain name overseer based in Los Angeles, spent $2.5 million over the past year lobbying the U.S. government, an amount on par with multi-national corporations, The Register reports.

Goldstar Events Raises $20.3 Million

Online discount ticketing company Goldstar Events Inc. of Pasadena has raised $20.3 million in a financing round, according to a filing with the Securities and Exchange Commission.

Agent Ace Rebrands, Raises $13.5 Million

Real estate agent matching website Agent Ace of Santa Monica has raised $13.5 million in a Series A round, acquired home-search website Fypio and rebranded as OpenHouse.

PCM Makes Big Buy

PCM, an IT services provider based in El Segundo formerly named PC Mall, announced that it has acquired the $800 million business-to-business assets of Systemax's North American Technology Group, according to CRN.com, a news site.

Tinder CEO Interview ‘Unfortunate,’ Says Match’s Chief

Match Group Chairman Gregory Blatt on Thursday condemned an unflattering article about Tinder Chief Executive Sean Rad, CNBC reports.

Ring Links up With Insurer to Offer Discounts

Santa Monica’s Ring, a company that manufactures a doorbell with a video camera linked to an app, has inked a deal with Wisconsin’s American Family Insurance to give customers a discount.

Oversee Founder Launches Incubator OnRamp Fund

Co-founder and former Oversee.net Chief Executive Lawrence Ng has launched a $10 million incubator and seed fund named OnRamp Fund.

Tinder Chief Gives Interview During Quiet Period

Tinder Chief Executive Sean Rad gave a salacious interview to British tabloid Evening Standard early Wednesday – just a day before Tinder’s parent company is to make an initial public offering.

Short on Cash Again, Virtual Piggy Hires New Chief

Beleaguered online payment platform Virtual Piggy Inc. has named former PayPal mid-level executive Käthe Anchel as its chief executive.