Stories for April 2016

Friday, April 29

Silicon Beach Deal Flow: April 29

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

PermaCity Planning Major Solar Rooftop Project

Los Angeles solar rooftop developer PermaCity announced Friday it would build the region’s largest project that will sell power to the city’s grid.

Silicon Beach Launch List: April 29

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

Snapchat Video Views Rise to 10 Billion A Day

Snapchat users are watching 10 billion videos a day within the app, rising from 8 billion a day in February, the company has reportedly told its investors.

DreamWorks Animation, Molina Healthcare Among Week's Biggest Movers

The Los Angeles Business Journal’s index of the largest local public companies fell for the week. The weighted LABJ index fell more than 1 percent to close at 230, with losers outpacing gainers 88 to 53. Ten companies closed the week unchanged.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Ares Management announced Monday it had raised $7.85 billion for its fifth global flexible capital private equity fund, Ares Corporate Opportunities Fund V. Like its predecessors, the new fund will continue pursuing opportunistic investments primarily in North American and European businesses.

What to Watch This Weekend

Our take on the business aspects of the plots of the latest film releases.

Stocks Fall

The Dow Jones industrial average fell 57 points in Friday trading to close at 17,773. The S&P 500 fell 11 points to 2,065. The Nasdaq fell 30 points to 4,775. The LABJ stock index fell two points to 230.

TheAmplify Sells Majority Stake

TheAmplify, a network of social media celebrities selling endorsements, has sold a majority stake to branding company You & Mr Jones of New York. The terms of the sale were not disclosed.

Katzenberg Set for Big Payday

DreamWorks Animation Chief Executive Jeffrey Katzenberg is set to receive a $400 million payoff should the studio complete its sale to Comcast’s NBCUniversal, according to the Los Angeles Times. He would also become chairman of the newly formed DreamWorks New Media division with Illumination Entertainment’s Chris Meledandri taking the helm at the animation studio.

High-Speed Rail Authority Makes Southern California Plans

California’s high-speed rail authority has released an updated two-year business plan that includes $2 billion worth of improvements to Southern California passenger rail lines, according to the Los Angeles Times. Local concerns arose in February when the agency said it would first build a $21-billion operating segment from San Jose to the Central Valley.

Disney Parks Did Not Violate Disability Act, Judge Rules

A federal judge in Florida has ruled that Walt Disney Co.’s parks and resorts did not treat guests with autism and other developmental disorders unfairly, according to Deadline. The lawsuit filed two years ago by 16 children and young adults claimed Disney’s Disability Access Service program resulted in long waits and other problems for those visitors.

Rams Draft Quarterback Jared Goff With Top Pick

The L.A. Rams selected Cal Quarterback Jared Goff as the top overall pick in the NFL draft on Thursday. It’s the second time in seven years that the team has selected a quarterback as the No. 1 pick, reports ESPN.

Stocks Mixed

The Dow Jones industrial average fell 48 points in early Friday trading to 17,782. The S&P 500 fell 3 points 2,072. The Nasdaq rose 1 point to 4,806. The LABJ stock index fell one point to 231.

Thursday, April 28

Janitors to Hold Rallies Across State as Contract Deadline Looms

Days before contracts between union workers and commercial building janitorial contractors are set to expire, union leaders have been ramping up the pressure in advance of last-minute negotiations.

What Does the Comcast Deal Mean for DreamWorks’ AwesomenessTV?

Comcast’s potential $3.8 billion acquisition of Glendale’s DreamWorks Animation could also have a big impact on the world of online media.

Stocks Fall

The Dow Jones industrial average fell 210 points in Thursday trading to close at 17,830. The S&P 500 fell 20 points to 2,076. The Nasdaq fell 58 points to 4,805. The LABJ stock index fell two points to 232.

DreamWorks Deal Done

Comcast’s NBCUniversal has reached agreement to buy DreamWorks Animation in a deal that puts an equity value of $3.8 billion on the studio, reports CNBC. Under the terms of the deal, DreamWorks chief executive Jeffrey Katzenberg will become chairman of DreamWorks New Media and a consultant to NBCUniversal. The acquisition would still need regulatory approval.

Billionaire’s Big Pay Revealed

Los Angeles billionaire Patrick Soon-Shiong was given a compensation package last year worth almost $148 million by his biotech firm NantKwest, according to a stock filing Wednesday. The package makes him one of the highest paid executives in the country, reports the Los Angeles Times.

Alba’s Honest Sued Again

Jessica Alba’s Honest Co. is again being accused of false labeling – this time over its baby formula. According to CNN Money, the Organic Consumers Association has filed a lawsuit claiming the Playa Vista company falsely labels its Premium Infant Formula as “organic.”

Draft Day Drama

It’s a huge day for the Los Angeles Rams as the team prepares to pick first in the NFL draft. Quarterback Jared Goff is the favorite to be selected, reports the Los Angeles Times.

The Doctor Is Out

Los Angeles radio personality Dr. Drew Pinsky, who has hosted “Loveline” for more than 30 years, will broadcast its final show tonight on KROQ-FM. According to Entertainment Weekly, he wants to focus more time on his family and other projects.

Sony Film Profits Plunge

The box-office success of latest James Bond film “Spectre” couldn’t prevent a big drop in profits for Sony Pictures Entertainment. Full-year profits for the Culver City-based film unit were down 34 percent, according to the Hollywood Reporter.

LACMA Cash Windfall

The Los Angeles County Museum of Art has received two huge donations, reports the Los Angeles Times. Elaine Wynn has pledged $50 million and billionaire A. Jerrold Perenchio has donated $25 million toward renovations plans.

Redstone Trial Made Public

The upcoming trial over who controls ailing media tycoon Sumner Redstone’s health care will be open to the public, a Los Angeles Superior Court judge has ruled, reports Deadline Hollywood. “In this country we have open trials. This is not Russia,” said Judge David Cowan.

Stocks Mixed

The Dow Jones industrial average fell 74 points in early Thursday trading to 17,968. The S&P 500 fell 3 points to 2,092. The Nasdaq rose 7 points to 4,870. The LABJ stock index fell one point to 233.

Wednesday, April 27

DreamWorks Animation Stock Soars After News of Comcast Interest

DreamWorks Animation shares surged nearly 19 percent Wednesday, closing at more than $32 a share, after reports emerged that Comcast Corp. is in talks to buy the Glendale studio for more than $3 billion.

Z Gallerie Pays $15 Million After Allegedly Misleading Customs Officials

Specialty furniture retailer Z Gallerie has agreed to pay $15 million following allegations by the U.S. Attorney’s Office that the company tried to mislead customs officials in order to import furniture from China at a cheaper price.

Stocks Mixed

The Dow Jones industrial average rose 51 points in Wednesday trading to close at 18,041. The S&P 500 rose 3 points to 2,095. The Nasdaq fell 25 points to 4,863. The LABJ stock index stayed flat at 234.

SpaceX Planning Mars Mission by 2018

Space Exploration Technologies Corp. announced on Twitter that it is planning to send a spaceship to Mars by 2018.

Amazon Studios Is Working on Virtual Reality Content

Amazon.com Inc. is said to be meeting with companies that produce virtual reality content.

Comcast Wants to Buy DreamWorks Animation

Comcast is in talks to acquire DreamWorks Animation. Citing sources, The New York Times reports the deal would value DreamWorks at roughly $3 billion and allow Comcast to combine the company with its own animation division, Illumination Entertainment, and develop a toehold in China, where DreamWorks has made headway.

Ferro: Gannett ‘Trying to Steal Company’

In addition to a fight over newspapers, Tribune Publishing and Gannett Co. are in a war of words. On Tuesday, Tribune Publishing Chairman Michael Ferro criticized the publisher of USA Today for “trying to steal the company” and pressed for board acceptance of a strategic plan for Tribune before a June 2 shareholders’ meeting, the Los Angeles Times reports.

Led Zeppelin Offered Path Out of Suit

Lawyers for the estate of Randy California suing Led Zeppelin for copyright infringement over the song “Stairway to Heaven” are willing to settle, but their idea may not be palatable to the band. According to Bloomberg, they offered to settle for $1 if California were given writing credit on the song going forward, a potentially lucrative concession. The case is set for trial in Los Angeles this summer.

Box Office Bust: ‘The Huntsman’

Universal could lose as much as $70 million on its “The Huntsman: Winter’s War” release. Home video could cut those losses, Variety reports, but the film is expected to reach just $200 million in global box office.

L.A. County Bans Travel to North Carolina

The Board of Supervisors suspended all official travel to North Carolina, citing the state’s passage of a bill restricting the use of bathrooms transgender people can use in public facilities, the Los Angeles Times reports.

Stocks Down

The Dow Jones industrial average fell 34 points in Wednesday trading to 17,956. The S&P 500 fell 4 points to 2,087. The Nasdaq fell 45 points to 4,843. The LABJ Stock Index fell one point to 234.

Tuesday, April 26

Snapchat Backs ‘Ballot Selfies’

Snapchat is wading into the legal battle over whether “ballot selfies” – photos of ballots cast on election days – are a constitutionally protected form of free speech.

Tom Gores Wants to Own MLS Team

Billionaire Platinum Equity founder Tom Gores is looking to expand his sports holdings in Detroit.

Stocks Mixed

The Dow Jones industrial average rose 13 points in Tuesday trading to close at 17,990. The S&P 500 rose 4 points to 2,092. The Nasdaq fell 8 points to 4,888. The LABJ stock index stayed flat at 234.

Snapchat Files Legal Brief Supporting 'Ballot Selfies'

Snapchat is wading into the legal battle over whether “ballot selfies” – photos of ballots cast on election days – are a constitutionally protected form of free speech.

Lionsgate Signs Distribution Deal with Video Game Platform

Lions Gate Entertainment Inc. has signed a deal to distribute its movie library on video game platform Steam.

Tribune Publishing Shares Surge

Shares of Tribune Publishing, publisher of the Los Angeles Times, rose sharply Monday following news of a potential takeover by USA Today Publisher Gannett Co. The stock closed at $11.50, a 53 percent improvement over Friday’s closing price and its highest close since August. The Times reports Gannett was up $1.02, or 6.5 percent, to $16.79.

Turner Launches FilmStruck

Turner Broadcasting System, a division of Time Warner Inc., will launch its first video streaming service this fall. According to Variety, the service will be known as FilmStruck and will offer a rotating selection of more than 1,000 art-house and indie titles.

Minimum Wage Hike Drives Parts Maker to Texas

California Composites, which makes parts for commercial airplanes, said it would move to Texas from Santa Fe Springs to take advantage of cheaper wages. According to KPCC, the company’s president said rising wages would make the company unprofitable because the business is locked into long-term contracts where the price is already set.

Garcetti to Talk Business

Mayor Eric Garcetti will visit Washington, D.C., Tuesday as part of a delegation led by the Los Angeles Area Chamber of Commerce. MyNewsLA reports the mayor will speak at a reception during the annual Access Washington D.C. event, where about 200 business and civic representatives from Los Angeles will meet White House officials and members of Congress to discuss issues affecting Southern California.

Stocks Rise

The Dow Jones industrial average rose 45 points in early Tuesday trading to 18,022. The S&P 500 rose 7 points to 2,095. The Nasdaq rose 10 points to 4,906. The LABJ Stock Index rose 1 point to 235.

Monday, April 25

L.A. Tech Calendar: April 25 to May 8

Roundup of L.A. tech events in the next two weeks.

Patch of Land Names New CEO

Real estate crowdfunding site Patch of Land has hired Paul Deitch as chief executive.

Faraday to Lend Factory to China’s LeEco

Faraday Future will lend its Las Vegas electric car factory to Chinese carmaker LeEco.

Gannett Bids for Parent Company of L.A. Times

The publisher of USA Today is making a play for the Los Angeles Times as the struggling newspaper industry feels the crunch to consolidate.

Ares Closes $7.85 Billion Private Equity Fund

Century City private equity and debt giant Ares Management announced Monday it had raised $7.85 billion for its fifth global flexible capital private equity fund, Ares Corporate Opportunities Fund V.

Stocks Fall

The Dow Jones industrial average fell 27 points in Monday trading to close at 17,977. The S&P 500 fell 4 points to 2,088. The Nasdaq fell 10 points to 4,896. The LABJ stock index rose 1 points to 234.

Gannett Bids for Tribune Publishing

Gannett Co. said this morning that it had offered $815 million for Tribune Publishing Co., parent of the Los Angeles Times and Chicago Tribune. The deal, at $12.25 a share, is at a 63 percent premium to Tribune’s Friday close and includes the assumption of $390 million in debt, USA Today reports. Gannett is the owner of USA Today and more than 100 other media properties.

Los Angeles Raid Yields Hoverboard Knockoffs

Despite the confiscation of nearly 4,000 counterfeit hoverboards last week by the Los Angeles County Sheriff’s Department, a number of fake hoverboards are still on the market, according to ABC Radio. The station reports that federal officials have already seized more than 100,000 knock-offs at the border.

Ticketed: L.A. Street Vendors

Los Angeles vendors have been receiving $250 citations for unauthorized street sales. According to KPCC, the citations have been issued while a long-running proposal to create a legal street vending program in L.A. awaits approval.

'Jungle Book' Tops Box Office

Disney's "The Jungle Book" led the box office this weekend, edging out Universal Pictures' "The Huntsman: Winter's War." The Los Angeles Times reports that the live-action movie grossed an estimated $60.8 million in the U.S and Canada, becoming the fourth-biggest movie of the year with a domestic total of $192 million in its first 10 days.

Stocks Down

The Dow Jones industrial average fell 87 points in Monday trading to 17,917. The S&P 500 fell 7 points to 2,083. The Nasdaq fell 9 points to 4,897. The LABJ Stock Index fell slightly to 232.

Betting Big

Gardens Casino upgrades digs to draw crowds

Gardens Casino is among the local card rooms that see upgrading facilities as a safe bet to draw more players.

Trains in Vain?

Metro’s ‘bold plan’ would hinge on tax haul, ignoring ride options

Metro’s focus on trains kicks other transit options such as buses to the curb, warns John Mirisch.

Trains in Vain?

Ruling on port rail project may spur business to make tracks out of state

Gary Toebben worries that a court ruling against a rail project at the ports will put California on the wrong track with businesses.

Strong Medicine

Los Angeles should be sowing and reaping more from the biotech field.

Conventions

Upcoming conventions

Calendar

Calendar of events

Deal For PR Firm Communicates Need For Range of Skills

West L.A. public relations company S+L Communications has been given a huge leg up in the highly competitive world of marketing and PR.

Electric Car Firm Gets Production Site on Road

AUTOMOTIVE: Faraday begins work on facility; vehicle’s debut up in air.

Electric car manufacturer Faraday Future broke ground on its $1 billion factory in North Las Vegas on April 14.

AIDS Nonprofit Nursing Development Initiative

POLITICS: Ads running for measure despite refocus on next March’s ballot.

Los Angeles Times subscribers might have noticed little sticky Post-It-size ads on their papers the past couple of weeks, with provocative messages: One had Los Angeles City Hall with a “for sale” sign stamped over it; another with the line “Developer Greed is Choking LA.”

Sporting Goods Market Might Draw New Players

RETAIL: Big 5 could face teeming L.A. market with shuttering of Sport Chalet.

Sport Chalet’s closure might not end up opening the field that much for rival sporting goods chain Big 5.

Internet Customers Signal Displeasure Over Outages

COMMUNICATION: Switch from Verizon to Frontier leaves some disconnected.

Internet customers are clicked off amid outages following Frontier’s takeover of Verizon’s system.

Data Attacks Open Up New Cyberspace for Firms

LAW: Range of companies now compete to provide breach protection plans.

Rising risk of cyberattacks for companies has resulted in a virtual boom in business for a range of firms.

Life Sciences Group Wants to Live in Los Angeles

BIOTECH: Biocom says its expansion from San Diego won’t crowd local scene.

San Diego’s Biocom sees a healthy opportunity in L.A.’s growing life sciences scene.

Weak Tech IPOs May Spur E-Tailer to Weigh Sale

INTERNET: Honest Co.’s investors could see deal as quicker route to profit.

Recent weak performances of tech IPOs could spur personal goods e-tailer Honest Co. to ring up a sale instead.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

ENERGY: Breitburn could lose even more ground with readjusted borrowing base.

Mayday! Mayday? May 1 looms large for executives at troubled L.A. oil firm Breitburn Energy Partners.

Golden Opportunity Seized at Olympics

Alex Hodges, chief executive of Nederlander Concerts in Hollywood, lucked out on being the more decisive of four brothers – at least when it came to attending the 1996 Summer Olympics in Atlanta.

Lawyer’s Love Not Brief For Lakers Star

Richard Simmons has courted celebrity with his Kobe Bryant signs.

Sign-sporting attorney Richard Simmons made a major case out of his love for Kobe Bryant at Lakers games.

Ex-Ballerina Steps Up In CEO Position

Rachel Moore making play for millennials as Music Center chief.

Ex-ballerina Rachel Moore now choreographs the Music Center’s business strategy and $65 million budget.

Builder Stakes Developments

Aecom sees investing in real estate projects as a means to build revenue.

Port Gears Up With Machines

SHIPPING: Terminal’s robots cut costs, air pollution, jobs.

Automated systems at the Long Beach port’s Middle Harbor Terminal could make waves in the cargo business.

Awards Show Seeks Daylight

TV: Daytime Emmys retool with goal of reviving telecast.

Producers of the Daytime Emmys hope to channel new technology and categories into a live telecast for the awards show.

Sizzling Silicon Beach Buoys Westchester Purchase

SALE: $102 million deal reflects upward pressure on neighboring markets.

As Venice and Playa Vista swell with businesses and residents, investors are looking outside those borders to catch the spillover.

Sunday, April 24

Brothers Aim to Launch New Families of Products

INVESTMENT: Reums to tap funds from vodka deal to back consumer goods.

Reum brothers look to tap their tech industry experience to charge up consumer goods startups.

Friday, April 22

Inglewood Real Estate Gets NFL Boost

With a new NFL stadium heading to Inglewood in 2019, demand for real estate there is already heating up.

Prince Movie Returning To Theaters

Prince movie “Purple Rain” is being re-released following the pop star’s sudden death. More than 150 theaters across the country will screen the film over the next week, including at least seven in Los Angeles County.

What to Watch This Weekend

Our preview of the new film releases focusing on the business aspects of each plot.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Kayne Anderson Capital Advisors announced Thursday that its partnership with Tulsa, Okla. oil and gas company Casillas Petroleum Corp. has paid $106 million for certain oil and gas assets, including an interest in 260 producing wells owned by Oklahoma City’s Chesapeake Energy Corp. in the South Central Oklahoma Oil Province play.

Movers

California Resources Corp., an oil and gas exploration and production company, was one of the week’s leading gainers. Shares rose 52 percent to close at $2.26 a share on Friday. Virtual Piggy, Inc. was also a big gainer this week. Shares for the ecommerce payment company for kids rose nearly 32 percent to close the week at $0.11. Crowdgather, Inc., an owner and operator of digital assets in the consumer and cannabis sectors was among the week’s losing stocks. Shares fell nearly 26 percent to close at $0.02 a share.

Silicon Beach Deal Flow: April 22

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

Silicon Beach Launch List: April 22

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

Stocks Mixed at Close on Friday

The Dow Jones industrial average rose 21 points in Friday trading to close at 18,004. The S&P 500 rose slightly to 2,092. The Nasdaq fell 40 points to 4,906. The LABJ Stock Index rose to 233.

READER POLL: Are upgrades to local card clubs enticing to you?

Are upgrades to local card clubs enticing to you?

AIDS Nonprofit Sues L.A. Over Palladium Towers

The AIDS Healthcare Foundation is suing the city of Los Angeles for its approval of two residential towers next to the foundation’s Sunset Boulevard headquarters. According to the Los Angeles Times, the complaint accuses the city of violating the city charter and other laws by approving the project.

L.A. Art Dealer Accused of Scamming Michael Ovitz

Perry Rubenstein, a Hollywood art dealer, has been charged and arrested for sales he made involving Eli Broad and Michael Ovitz. The Los Angeles Times reports that Rubenstein was arrested late Thursday in Santa Monica on three felony counts of grand theft by embezzlement.

Report Says USC Violated Labor Rules

A report from the National Labor Relations Board says that USC officials violated federal labor rules by interfering with a vote concerning the formation of a union by faculty members. The Los Angeles Times reports that USC undermined the vote by giving raises to some non-tenure-track faculty and threatening faculty members.

Basketball Court Construction Halted

Runyon Canyon Park regulars have not been happy about a basketball court partway up a trail, paid for by the chief executive of Pink Dolphin, a streetwear company. But the Los Angeles Times reports that the court's construction will be stopped and its approval reconsidered.

Elon Musk Plotting Self-Driving Buses

Tesla Chief Executive Elon Musk said his electric car company wants to create self-driving buses that could alleviate traffic in dense cities. According to CNBC, Musk mentioned the idea at a transportation conference in Norway.

Stocks Mixed

The Dow Jones industrial average rose 30 points in early Friday trading to 18,013. The S&P 500 rose 2 points to 2,093. The Nasdaq fell 29 points to 4,917. The LABJ Stock Index rose 1 point to 233.

Thursday, April 21

ABC Sells Fusion Stake to Univision

Univision Communications Inc. now solely owns Fusion, its first English-language media effort.

Report Breaks Down Economic Impact of LAX

Los Angeles International Airport is boosting Southern California’s economic output as its long-term renovations continue, according to a new impact report released Thursday by the Los Angeles County Economic Development Corp.

Huffington Post Buys Virtual Reality Startup Ryot

AOL Inc.’s Huffington Post has acquired Ryot Corp., a virtual reality news and documentary producer, for an undisclosed amount.

Good Samaritan Settles Patient Dumping Case

Los Angeles City Attorney Mike Feuer announced Thursday a $450,000 settlement with Westlake health care provider Good Samaritan Hospital over homeless patient dumping.

Stocks Fall

The Dow Jones industrial average fell 114 points in Thursday trading to close at 17,983. The S&P 500 fell 11 points to 2,091. The Nasdaq fell 2 points to 4,946. The LABJ Stock Index fell one point 232.

Queen Mary’s Majestic Makeover

A downtown Los Angeles real estate company which this week took over a 66-year lease of the Queen Mary has big plans to develop the vessel and its surrounding land into a retail and entertainment complex, reports the Los Angeles Times. A giant ferris wheel similar to the London Eye is part of the masterplan being developed by Urban Commons.

Talks To Avert TV Blackout

Dish Network, which has nearly 500,000 customer homes in the Los Angeles area, is locked in contract talks with Viacom Inc. trying to reach a new carriage agreement to carry on screening 18 Viacom channels including MTV, Comedy Central and Nickelodeon. Viacom’s stock has plunged in the last year and the company could lose as much as $700 million if Dish were to drop the channels permanently, reports the Los Angeles Times.

Redstone Family Fracas Latest

A Los Angeles County judge has denied a request by the granddaughter of Sumner Redstone to join the contentious court battle over whether the media mogul is mentally competent. According to Reuters, the request by the ailing tycoon’s 34-year-old granddaughter, Keryn Redstone, came just two weeks before the May 6 trial which could have far-reaching ramifications for Redstone’s Viacom and CBS corporate empire.

Mayor Reveals Real Estate Plan

Mayor Eric Garcetti has unveiled a sweeping plan to develop or sell city-owned property to raise money for homeless housing, reports the Los Angeles Daily News. Under the real estate proposal, a major component of the mayor’s $8.7 billion budget for fiscal year 2016-2017, eight city properties will be developed into affordable housing or sold to raise money for such housing.

Bullet Train Plan Racing Forward

A new business plan to complete the $64 billion bullet train project is poised to be adopted today at a board meeting of the California High Speed Rail Authority, reports the Los Angeles Times. This follows concerns voiced by lawmakers, regional officials and independent experts.

Expensive Exide Clean Up

Gov. Jerry Brown has signed legislation which directs almost $180 million to clean up and test the area around the former Exide battery plant in Vernon, reports the Orange County Register. Lead contamination was traced back to the plant which shut down last year after a deal with federal authorities under which Exide agreed to pay $50 million to get the clean up effort started.

Tech Firms Top Highest Payers List

If you want to make a lot of money at work, get a job in tech, reports CNN Money. Technology companies account for most of the 25 highest paying companies this year, according to a compilation of salary reports.

Stocks Rise

The Dow Jones industrial average rose 43 points in early Thursday trading to 18,096. The S&P 500 rose 2 points to 2,102. The Nasdaq rose 8 points to 4,948. The LABJ Stock Index rose slightly to 233.

Wednesday, April 20

Snapchat Suffers Blackface Uproar

An effort by Snapchat to honor Bob Marley on Wednesday, referred to by some as National Weed Day, backfired when the company was swamped by accusations of racial insensitivity.

Dentist Marketplace Brighter Raises $21 Million

Online dentist marketplace Brighter has raised a $21 million round.

Mattel’s Sluggish Barbie Sales Continue

Leading toymaker Mattel Inc. reported a non-adjusted first-quarter net loss of $49.1 million (-21 cents a share) on revenue of $869 million.

Stocks Rise

The Dow Jones industrial average rose 43 points in Wednesday trading to close at 18,096. The S&P 500 rose 2 points to 2,102. The Nasdaq rose 8 points to 4,948. The LABJ Stock Index stayed flat at 233.

L.A. Residents Less Optimistic About Economy

L.A. residents are less optimistic about the Los Angeles economy this year than last year as the county’s job growth rate is expected to slow for the remainder of this year and next, according to a survey and forecast to be released this morning.

Angelenos Less Optimistic About Local Economy

L.A. residents are less optimistic about the Los Angeles economy this year than last. According to the Los Angeles Business Journal, a survey of more than 2,400 residents conducted this winter by Loyola Marymount University’s Center for the Study of Los Angeles, found 73 percent of respondents expected the regional economy to improve this year, down from 81 percent a year ago. The survey is to be released this morning.

Local Film and TV Production Strong in Q1

The first quarter of the year saw a surge in film production activity in Los Angeles. The Los Angeles Times reports production jumped 11 percent from last year’s levels due in large part to incentives aimed at drawing the work back from other states and overseas.

HBO, Discovery Take Stake in L.A. VR Firm

HBO and Discovery Communications have entered the virtual reality space with the purchase of equity stakes in Los Angeles 3-D graphics company Otoy. The Los Angeles Times reports that the companies plan to tap Otoy for original holographic content for a variety of platforms.

Redstone’s Granddaughter Backs Lawsuit

Sumner Redstone’s granddaughter wants to join a lawsuit challenging Redstone's mental competency. Reuters reports that Keryn Redstone, daughter of the CBS and Viacom executive chairman’s estranged son Brent Redstone, filed a declaration Tuesday saying the 92-year-old media mogul was a “prisoner in his own home” after Redstone´s former companion, Manuela Herzer, was removed as his health care agent.

Stocks Mixed

The Dow Jones industrial average was up 4 points in trading Wednesday to 18,057. The S&P 500 was down 1 point to 2,100. The Nasdaq was up 6 points to 4,946. The LABJ Stock Index was up slightly to 233.

Tuesday, April 19

Prodege Buys MyPoints for $13 Million

Shopping rewards company Prodege has acquired rewards site MyPoints from United Online Inc. for $13 million in cash.

L.A. Council Passes Paid Sick Leave Policy

The Los Angeles City Council on Tuesday voted overwhelmingly to proceed with crafting an ordinance requiring all employers in the city to provide six days of paid sick leave a year to their workers, three days more than mandated under state law.

Stocks Mostly Up

The Dow Jones industrial average rose 49 points in Tuesday trading day to close at 18,053. The S&P 500 rose 6 points to 2,101. The Nasdaq fell 20 points to 4,940. The LABJ Stock Index rose less than a point to 233.

Biocom to Open L.A. Office

San Diego’s biotech trade group BIOCOM is opening an office in Los Angeles.

Hueston Hennigan Fights Judge’s Disqualification Ruling

A California state insurance fund has asked a federal judge to reconsider a ruling that disqualified the fund’s downtown L.A. attorneys from a $160 million medical fraud case.

Judge Says City National Overcharged Employees

Los Angeles' City National Bank charged its employees improper fees to manage their retirement savings, a federal judge has ruled. According to the Los Angeles Times, the bank must account for all fees paid by the retirement plan to the bank between 2006 and 2012, and may have to repay those funds.

ABC Makes Streaming Push

ABC Television Group has announced an initiative to help affiliated TV stations strike deals with distribution partners. Variety reports that affiliates and will be able to use pre-negotiated contracts with various distribution partners such as the Sony PlayStation Vue and DirecTV to stream programs.

Rams Hold First Workout

The Los Angeles Rams held their first official offseason workout on Monday, according to the Associated Press. The news agency also reports that team members are looking for apartments, restaurants, and clubs in their new city.

Booked: L.A. Convention Center

The Los Angeles Convention Center has increased the number of major conventions booked at the venue by 30 percent over last year. According to the Los Angeles Times, a record-high 30 major conventions in 2016 are expected to boost the center's annual attendance rate by 22 percent this year.

Claims Filed Over Aliso Canyon Damages

Hundreds of Porter Ranch homeowners are suing state regulators and the governor for failures they say caused by a months-long gas leak in nearby Aliso Canyon. According to Reuters, they are seeking $3.5 million each in damages. More than 3,000 claims are expected by the end of the week.

Stocks Mixed

The Dow Jones industrial average was up 72 points in trading Tuesday to 18,076. The S&P 500 was up 7 points to 2,101. The Nasdaq was down 11 points to 4,949. The LABJ Stock Index was up 1 point to 233.

Monday, April 18

L.A. Tech Calendar: April 18 - May 1

Roundup of L.A. tech events in the next two weeks.

Clooney and Katzenberg Raise Millions for Hillary Clinton

A slate of L.A.’s most powerful entertainment moguls were in attendance at two Hillary Clinton fundraisers hosted by DreamWorks Animation Chief Executive Jeffrey Katzenberg and George Clooney over the weekend.

Stocks Rise

The Dow Jones industrial average rose 107 points in Monday trading day to close at 18,004

Honest Co. Reportedly Considering Sale

Wary of weakening appetites for initial public offerings, Honest Co. is reportedly considering a sale.

Alibaba Invests in Two Paramount Films

China’s Alibaba Pictures, which set up its U.S. office in Pasadena last year, is betting on two films from Paramount Pictures. According to the Los Angeles Times, Alibaba will invest an undisclosed sum in “Teenage Mutant Ninja Turtles: Out of the Shadows” and “Star Trek Beyond,” which will both be released in China during the second half of the year.

Sport Chalet To Close All Stores

Sporting goods retailer Sport Chalet, founded in La Canada-Flintridge in 1959, will shut down, the Los Angeles Times reports. The company, which went private when it was purchased by Vestis Retail Group in 2014, will shutter 47 stores. It employs 1,200 full-time and 1,600 part-time workers.

‘Jungle Book’ Tops Box Office

Disney´s “The Jungle Book” took in approximately $104 million in North America and an additional $187 million overseas to top the box office over the weekend. According to the New York Times, the release was one of the largest openings on record for a PG-rated film.

Berggruen Building a Mini-Davos

Nicolas Berggruen, an investor and art collector who heads the Berggruen Institute in Los Angeles, is joining a new wave of philanthropists who are reshaping a landscape previously dominated by Bill Gates and George Soros, the New York Times reports. The Berggruen Institute, which has made efforts to reform the California budget, will award an annual $1 million prize in philosophy beginning this year.

Delta Bets on L.A.

Delta Air Lines is making an attempt to woo Angelenos. According to the Los Angeles Times, the air carrier unveiled its first L.A.-specific television commercial and is also offering free early boarding privileges to any passenger at LAX wearing Los Angeles Kings gear.

Stocks Mixed

The Dow Jones industrial average rose 12 points in early Monday trading to 17,909. The S&P 500 fell slightly to 2,080. The Nasdaq fell 7 points to 4,931. The LABJ Stock Index rose 2 points to 230.

Some Workers May Clock Back In

LABOR: Wage hikes will raise threshhold for salaried staffers.

Wage hikes will also cost some employers by raising the exemption threshold for salaried staff.

Driving Interests in L.A.

Uber’s move to hire vets is part of a broader call of duty.

New Rules on Weighing Cargo Could Pound Ports

SHIPPING: Firms fear delays, higher costs from regulations.

Businesses at the ports scramble to scale up for new regulations on weighing cargo containers.

The Streamiest Place on Earth?

Why the idea of a marriage between Disney and Netflix has some people’s tongues wagging – and others shaking their heads.

Should Disney dive headfirst into streaming by acquiring industry pioneer Netflix?

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Little Taco Chain May Take Crack at Big Time

Pink Taco joins the fold of chain operator Real Mex Restaurants, which may have big plans for the brand.

E-Tailer Hopes ‘Store’ Clicks With VIPs

Revolve looks to turn heads with exclusive promotional space.

Clothing e-tailer Revolve has set up shop exclusively to draw the in-person favor of fashion influencers.

Direction Of Tour Business Not in Doubt

Mystery Trip positions surprise destinations as bonding experiences.

Mystery Trip knows where it’s going when it comes to workplace-bonding expeditions for corporate clients.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

EVENTS: AutoCon won’t settle for second place with L.A.’s car enthusiasts.

AutoCon might be the cheeky little brother of the Los Angeles Auto Show, but that doesn’t mean the principals behind the upstart gathering of car enthusiasts are willing to concede they’re the lesser attraction in town.

Ex-Craft Beer Maker Tees Up Kombucha Future

BEVERAGE: Vet executive to tap years at Coca-Cola to try and conquer market.

Former beer brewer looks to craft a new strategy around tea drink kombucha.

Landlords Might Butt In On Smoking by Renters

REAL ESTATE: Campaign aims to instruct city of L.A. property owners on rules.

New campaign aims to educate city of L.A. landlords on their right to snuff out tenant smoking.

Tech Startups Lose Some Charge With Backers

INVESTMENT: VC funding declined in first quarter as sector failed to connect.

Venture capital funding fell in the first quarter as the buzz around the tech sector waned.

Litigation Firm Makes Case With U.S. Prosecutor

EMPLOYMENT: Position at Kendall Brill & Kelly pulled in Robert Dugdale.

After 19 years of government service, a senior leader from the U.S. Attorney’s Office in downtown Los Angeles is heading to one of the city’s premier litigation boutiques.

Beverly Hills Gets on Road to Self-Driving Cars

AUTOMOTIVE: City votes to look in to fleet as way to reduce traffic, pollution.

Beverly Hills is looking to the future by planning to develop a public transportation program featuring self-driving cars.

Humor Website Sold as Media Firm Gets Serious About Future

It was no joke when Demand Media Inc. decided to sell its Cracked.com humor website for $39 million in cash to E.W. Scripps Co.

SPECIAL REPORT: Office Vacancies Decline Across L.A.

The L.A. office market is looking up as vacancy rates dropped throughout Los Angeles County in the first quarter.

SPECIAL REPORT: Main events in L.A.’s submarkets in the first quarter.

Main events in L.A.’s submarkets in the first quarter.

Calendar

Calendar of events

Conventions

Upcoming events

Goodbye to All That

City of L.A.’s homeless plan can’t be “comprehensive” until it’s put into action.

Making Waves in Shipping

New federal law opens up business opportunities while buoying veteran, fresh players in international trade.

John Cornish expects the Trade Facilitation and Trade Enforcement Act to make a big splash in international business.

Minimum-Wage Hike? Just Put It on the Bill

John T. Boal cooks up a strategy for restaurants to cope with minimum-wage increases.

Banks Put Their Money on Backing Community

LENDING: BBCN, Wilshire to boost local investment as part of merger plan.

Merger of BBCN and Wilshire banks could be the latest deal to pay off in more community investment.

Taking Steps to Open Up

Though Meryl Pritchard might be traveling to Costa Rica this summer for a week filled with dancing, it’s won’t be some breezy Central American jaunt.

SPECIAL REPORT: Flipped Switch

High demand for housing has opened door for residential developers to unlock value in older properties by converting traditional office buildings into luxury apartments, condominiums across L.A.

Longtime office properties now house luxury condos and apartments thanks to a hot residential market.

Strange Mix?

DINING: Bankruptcy unveils ties of Roscoe’s parent to creditors.

Confusing ownership chain serves up a lot of questions in the bankruptcy of Roscoe’s House of Chicken ’n Waffles.

Friday, April 15

Silicon Beach Launch List: April 15

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

Silicon Beach Deal Flow: April 15

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

Promoters Planning Ultimate Concert

You can’t always get what you want, but if you’re a local classic rock enthusiast then you might just come close.

L.A. Unemployment Rate Drops Again

L.A. County’s unemployment rate continued its rapid descent in March, falling to 5.4 percent, closing most of the unemployment gap with the rest of the nation.

PE Roundup: Private Equity Deals and Funds Announced This Week

West L.A. private equity firm Leonard Green & Partners announced Thursday that its operating company, Tucson, Ariz.-based Mister Car Wash, entered Mississippi with the acquisition of seven car washes from Flowood, Miss.-based Venture Car Wash. Terms of the deal were not disclosed.

Capstone Turbine Corp., Breitburn Energy Partners Among Week's Biggest Movers

Chatsworth microturbine maker Capstone Turbine Corp. was the week’s biggest mover, gaining 45 percent to close at $2.

What to Watch This Weekend

A preview of this weekend’s new movie releases with a focus on the business aspects of the plots.

Reader poll: Now that Kobe Bryant is retiring, will the Lakers have a better record next season without the superstar?

Now that Kobe Bryant is retiring, will the Lakers have a better record next season without the superstar?

Stocks Fall

The Dow Jones industrial average fell 29 points in Wednesday trading day to close at 17,897.

Mayor Talks Up Economic Recovery

Mayor Eric Garcetti sought to draw attention to Los Angeles’ march toward economic recovery during his annual State of the City speech Thursday. While celebrating falling unemployment, he also acknowledged that many Angelenos have missed out on the city’s rebounding jobs and real estate market, reported the Los Angeles Times.

Kobe Breaks Merchandising Record

Kobe Bryant not only put up big numbers in points and TV ratings in his final NBA game Wednesday night -- he also helped the Staples Center and the Los Angeles Lakers break industry merchandise records. On Wednesday alone, stores at Staples Center sold $1.2 million worth of Kobe merchandise, reported ESPN. That's a single-day sales record for any arena in the world.

Fred Hayman Dies Aged 90

Fred Hayman, the stylish entrepreneur whose vision transformed a nondescript Southern California street into one of the world's pre-eminent fashion districts, earning him the nickname, "Godfather of Rodeo Drive," has died at age 90, reports the AP. Hayman opened the shopping street’s first luxury boutique, Giorgio Beverly Hills, in 1964.

Redstone Won’t Take The Stand

Ailing mogul Sumner Redstone will not be called to give evidence at a forthcoming trial to determine his mental competence. Both sides agreed to try and not compel the CBS and Viacom controlling shareholder to testify, reported the Los Angeles Times.

Teacher Tenure Ruling Reversed

In a major victory for unions, a California appeals court on Thursday reversed a lower court ruling that had thrown out tenure and other job protections for the state's public school teachers, reported the Los Angeles Times. The case was being closely watched across the country by those who argue that allowing administrators to more easily fire bad teachers would improve schools and student performance.

Texting In Movies To Be Allowed?

AMC Theaters may soon allow texting in a bid to appeal to millennials, reported KTLA. “You can’t tell a 22-year-old to turn off their cellphone. That’s not how they live their life,” said AMC chief Adam Aron.

Stocks Mixed

The Dow Jones industrial average rose 6 points in early Friday trading to 17,932. The S&P 500 fell 1 point to 2,081. The Nasdaq fell 10 points to 4,936. The LABJ Stock Index fell slightly to 228.

Stocks Mixed

The Dow Jones industrial average rose 6 points in early Friday trading to 17,932. The S&P 500 fell 1 point to 2,081. The Nasdaq fell 10 points to 4,936. The LABJ Stock Index fell slightly to 228.

Thursday, April 14

Breitburn Shares Plunge After Skipped Interest Payment

Just as investors in Los Angeles oil partnership Breitburn Energy Partners were hoping the worst was over as oil prices have rallied, the other shoe dropped on Thursday – make that two shoes.

Kobe’s Farewell Game Delivers Record Ratings

Kobe Bryant didn’t just deliver a record-breaking show for the fans at Staples Center last night.

Port of Long Beach Cargo Volume Rises in First Quarter

Cargo volume at the Port of Long Beach increased by 6 percent in the first three months of the year compared to the same period in 2015, making it the port’s best best quarter in nine years.

Faraday Future Breaks Ground on $1 Billion Factory

Electric car manufacturer Faraday Future broke ground on its $1 billion factory in North Las Vegas on Wednesday.

Hollywood Presbyterian Plans $200 Million Expansion

Hollywood Presbyterian Medical Center in Los Feliz will launch a $200 million, 10-year expansion and modernization masterplan for its facilities, it announced on Thursday.

Stocks Mixed

The Dow Jones industrial average rose 18 points in Wednesday trading day to close at 17,926.

Kobe Bryant Signs Off With 60 Points in Lakers Win

Kobe Bryant closed out his 20-year NBA career in signature style on Wednesday night, ESPN reported. The Lakers star scored 60 points in a thrilling 101-96 comeback victory over the Utah Jazz.

City Leaders Want to Revamp Neighborhood Plans

Mayor Eric Garcetti and several council members will urge the Planning Department to revamp nearly three dozen community plans across Los Angeles by 2026, the L.A. Times reported. The politicians are hoping a new set of plans will help stave off battles over the size of new developments.

Journalist Sentenced to Two Years in Prison Over L.A. Times Hack

A federal judge sentenced former Reuters journalist Matthew Keys to two years in prison on Wednesday after he was convicted of conspiring to hack into the L.A. Times website to change a story, according to the Chicago Tribune. Keys, a former Tribune Co. employee, was fired by one of the company’s broadcast affiliates in 2010, two months before the hack. The L.A. Times is owned by Tribune.

Katy Perry Scores Victory in Legal Fight Over Los Feliz Convent

A Los Angeles judge handed pop singer Katy Perry a victory on Wednesday in her effort to buy a Los Feliz nuns’ convent for $14.5 million, according to the L.A. Times. The court blocked the nuns’ effort to sell the convent to local restaurateur Dana Hollister, who owns Silver Lake’s Cliff’s Edge and Villains Tavern in downtown Los Angeles.

Rams Trade for No. 1 Pick in NFL Draft

The Los Angeles Rams made a blockbuster trade with the Tennessee Titans Thursday morning to acquire the top pick in the NFL draft later this month, according to the L.A. Times. The Titans will receive the Rams’ No. 15 pick in this year’s draft, plus two second-round picks, a third-round pick, and their first- and third-round picks next year.

Stocks Fall

The Dow Jones industrial average fell 3 points in early Thursday trading to 17,905.

Wednesday, April 13

ESPN Announces Drone Racing Distribution Deal

Step back, Superman: the next popular racing sport is flying above you. And it doesn’t require a superhero.

Stocks Up

The Dow Jones industrial average rose 187 points in Wednesday trading day to close at 17,908.

Jacobs Engineering Buys Cybersecurity Firm

Jacobs Engineering Group Inc. on Tuesday acquired Van Dyke Technology Group Inc., a 180-person cybersecurity firm catering to government clients, in particular U.S. intelligence agencies. Terms of the deal were not disclosed.

USC Hires Lynn Swann as Athletic Director

Former USC football star Lynn Swann was named as the school’s next athletic director on Wednesday.

Charter, Time Warner Cable Merger Proceeds

The proposed merger between Charter Communications Inc. and Time Warner Cable Inc. got the green light on Tuesday. According to Bloomberg, an administrative law judge recommended California regulators approve the deal, although U.S. authorities must still give their OK.

MPAA Report Sheds Light on Moviegoers

A report by the Motion Picture Association of America shows that movie theater attendance among the 18 to 24 set has dropped to its lowest level in five years. The New York Times reports that only one of the top five releases, “Inside Out” from Pixar, had a predominantly female audience.

Sean Parker Starts Cancer Immunotherapy Effort

Napster co-founder and former Facebook President Sean Parker announced that he would donate $250 million to develop ways to unleash patients’ immune systems to fight cancer. The effort will bring together six academic centers including UCLA, The New York Times reports.

Redstone Settlement Talks Hit a Snag

Settlement talks in the litigation over the mental competence of Viacom and CBS Executive Chairman Sumner Redstone appear to have broken down, The New York Times reports. The snag could send the case to trial – and a public spectacle.

County Starts Wage Enforcement Program

An ordinance to enforce the county’s minimum wage hike, which goes into effect July 1, was introduced by the Board of Supervisors, MyNewsLA reports. A wage enforcement program will be set up by the Department of Consumer and Business Affairs.

Big Bucks for Bryant’s Last Game

A group of Chinese tourists paid up to $10,000 for a vacation package which gave them access to the Lakers. According to the Los Angeles Times, talent agency CAA’s Premium Experience hospitality unit helped organize the Bryant tour.

Stocks Rise

The Dow Jones industrial average rose 124 points in early Wednesday trading to 17,845. The S&P 500 rose 13 points to 2,074. The Nasdaq rose 49 points to 4,920. The LABJ Stock Index rose 2 points to 228.

Tuesday, April 12

Port of L.A. Container Volume Up in First Quarter

The Port of Los Angeles reported the busiest first quarter in its 109-year history.

Federal Ruling Puts State Artist Royalty Law in Jeopardy

A federal judge dismissed a lawsuit Monday against several auction houses sued by artists over failure to pay them royalties as guaranteed by California law.

Expanded Paid Sick Leave Mandate Moving Forward in L.A.

The city of Los Angeles is a step closer to requiring all employers to provide six days of paid sick leave to their workers, three days more than mandated under state law.

XPrize’s Peter Diamandis Transitions from CEO to Executive Chairman

The founder of Culver City’s XPrize Foundation, Peter Diamandis, has stepped down from his role as chief executive of the nonprofit technology competition.

Stocks Up

The Dow Jones industrial average rose 165 points in Tuesday trading day to close at 17,721.

Demand Media Sells Cracked.com for Nearly $40 Million

Demand Media Inc. of Santa Monica has sold its humor website, Cracked.com, to E.W. Scripps Co. of Cincinnati for $39 million in cash.

Brown Signs Paid Family Leave Law

A paid family-leave law was signed into law by Gov. Jerry Brown on Monday, the Los Angeles Times reports. The measure allows people earning close to minimum wage to be paid 70 percent of their salary while on leave, while higher-paid workers earning up to $108,000 annually will get 60 percent of their salary.

Rents Expected to Rise

Apartment rents in Southern California are expected to rise even higher. Citing the just-released USC Casden Multifamily Forecast, the Los Angeles Times reports the average rent in Los Angeles County is expected to hit $1,416 a month in 2018, an 8.3 percent jump from last year.

'Jungle Book 2' in the Works

It´s never to early to plan for a sequel. According to The Hollywood Reporter, Disney is planning “Jungle Book 2,” with director Jon Favreau and writer Justin Marks in negotiations to return in their roles for the follow-up.

Blackout Warnings Called ´Scare Tactic´

California energy agencies have released a report saying blackouts caused by the gas leak at Aliso Canyon may be unlikely. The Los Angeles Times reports that consumer groups and utility critics contend that the blackout warnings are a scare tactic to ensure that Southern California Gas Co. is allowed to continue to store gas at the facility.

Trial Set in ‘Stairway to Heaven’ Case

A federal judge in Los Angeles will hear a copyright-infringement case involving Led Zeppelin‘s “Stairway to Heaven.” According to MyNewsLA, the lawsuit alleges that the guitar arpeggio opening of “Stairway” was taken from the 1968 instrumental “Taurus” by the Los Angeles band Spirit.

New Avenue to Dodger Stadium

A stretch from Sunset Boulevard to Stadium Way has been renamed in honor of Hall of Fame announcer Vin Scully. According to the Associated Press, the street formerly known as Elysian Park Avenue will now be known as Vin Scully Avenue.

Stocks Rise

The Dow Jones industrial average rose 78 points in early Tuesday trading to 16,634. The S&P 500 rose 6 points to 2,048. The Nasdaq rose 2 points to 4,836. The LABJ Stock Index rose 1 point to 225.

Monday, April 11

L.A. Tech Calendar: April 11 - 24

Roundup of L.A. tech events in the next two weeks.

American Apparel Plans Layoffs

American Apparel has already cut back on garment lines and now appears to be cutting back on workers too.

Viacom Opens New Marketing Group in L.A.

Viacom Velocity, the integrated marketing division of media giant Viacom Inc., will launch a new West Coast branded content group in Santa Monica dedicated to its movie studio clients.

DCDC Satellite Film Distribution Grows

The Digital Cinema Distribution Coalition, which operates a satellite distribution system for film distributors and exhibitors, said its network of theaters topped 2,000 by the end of 2015 – an increase of 40 percent for the calendar year.

Stocks Fall

The Dow Jones industrial average was down 21 points in Monday trading day to close at 17,556.

READER POLL: Should hospitals such as Cedars-Sinai invest in startups?

Should hospitals such as Cedars-Sinai invest in startups?

Accelator Aims to Boost Medical Startups’ Pulse

HEALTH CARE: Venture by Cedars, Techstars to focus on industry innovations.

Cedars-Sinai launches accelerator with Techstars to nurse medical sector-focused startups.

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Digital First Flips O.C. Register Land to Harrah

Digital First Media holds the reins at The Orange County Register, but the 14.3 acres surrounding the daily newspaper’s operations at 625 N. Grand Ave. in Santa Ana went to developer Mike Harrah for $34 million.

SAG-Aftra Board Approves Commercials Deal

The SAG-Aftra national board approved an agreement with commercial producers, the actors’ union announced Sunday. The Hollywood Reporter reports that the contract, which is likely worth more than $1 billion dollars, will be sent to the organization’s membership for approval within 10 days.

Daily Mail in Talks With Yahoo Bidders

The publisher of Britain’s Daily Mail is interested in buying Yahoo Inc.’s media and news properties. According to Bloomberg, the newspaper is in talks to join with potential bidders who would carve up the U.S. internet company´s media and web businesses.

'The Boss' Tops Box Office

Melissa McCarthy's “The Boss” took in an estimated $23 million in the U.S. and Canada over the weekend, edging out superhero smackdown "Batman v Superman: Dawn of Justice," the Los Angeles Times reports.

Stocks Rise

The Dow Jones industrial average rose 148 points in early Monday trading to 17,125. The S&P 500 rose 15 points to 2,063. The Nasdaq rose 45 points to 4,897. The LABJ Stock Index rose 2 points to 226.

Corporate Dollars Flood Marijuana Market

Out-of-state investors, cannabis retailers, and municipalities are in a land grab for a piece of California´s marijuana market. The New York Times reports that corporate dollars are flowing into the industry with voters widely expected to approve recreational marijuana use in November.

Pivot to Profit

ENERGY: Edison hopes for spark from launch of advisory, water management divisions.

Edison International looks to power up its revenue by forming advisory and water usage divisions.

Auto Dealership Site Picked Up for Lot of Money

ACQUISITION: Square-foot price underlines strength of market in South Park.

In downtown L.A.’s South Park, sites with potential come with large price tags, as the area’s latest big-money deal illustrates.

Not on Easy Street

Rising rents on Abbot Kinney Boulevard make it tough go for smaller businesses.

High rents along Abbot Kinney Boulevard have some shop owners hitting the road out of Venice.

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Conventions

Upcoming conventions

Calendar

Calendar of events

Wireless Provider Gets Line on Content with $160 Million Investment

Verizon Communications Inc., determined to hold off rivals and maintain its position as the largest wireless provider in the United States, has placed a big bet on millennial-focused content production.

‘Jedis’ May Prove Positive Force for City of L.A.

DEVELOPMENT: Council looking at plan to create business incentive zones.

Will the force be strong for business in Los Angeles?

Lender Sees Media, Entertainment as Next Stage

EXPANSION: Opus casts sector vet Jeffrey Zaks in new division’s lead role.

Opus Bank is going Hollywood.

Music Center Cast in New Lights in Late Night

ENTERTAINMENT: Venue’s ‘Sleepless’ event mixes up DJs, dance parties, videos.

Music lovers lounging in bean bags, watching an abstract light show against the backdrop of thumping music might sound like the scene at a super-secret party, but it’s actually taking place at downtown L.A.’s Music Center.

Song May Not Be Over for Singing Competition

TV: Producer Simon Fuller could see cueing up new take on ‘American Idol.’

‘American Idol” might have ended, but its creator is already planning to bring the show back.

‘Jungle’ Work May Alter Production Environment

FILM: L.A. effects house’s performance could help other locals book projects.

Los Angeles production work on “The Jungle Book” may launch a new chapter for Hollywood special effects firms.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

Media: NAB Show could play host to buyer nabbing radio stations from CBS.

Las Vegas is going Hollywood this weekend.

Reservist Let Go of Reservations

Often when National Guard servicemen and women are called upon to deploy overseas, their careers go on hold.

More Relaxed Approach on Spa

Burke Williams keeps things lighter with stripped-down Simply Massage offering.

Burke Williams looks to rub customers the right way with its pared-back, lower-cost Simply Massage outpost.

Competitors Raise Stink Over Garlic

AGRICULTURE: Top importer could lose tariff-free advantage.

Rivals seek to root out a tariff exemption for U.S.’ largest importer of Chinese garlic.

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Sunday, April 10

Pivot to Profit

INTERNET: EHarmony joins Tinder in matchmaking space for job seekers, employers.

Operators of dating sites eHarmony and Tinder check out match-making services for job hunters and employers.

Friday, April 8

Pepperdine Names New Business School Dean

Malibu’s Pepperdine University announced Thursday that Deryck J. van Rensburg, former president of global ventures at Coca-Cola Co., will take over as the dean of the Graziadio School of Business on Nov. 1.

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Peter Chernin to Exit Twitter Board

L.A. media mogul Peter Chernin has decided to step down from board of Twitter. The San Francisco social media firm disclosed the news in a Securities and Exchange Commission filing on Friday.

SpaceX Successfully Lands Rocket on Boat

Hawthorne’s Space Exploration Technologies Corp. (SpaceX) made history Friday by landing the first stage of its Falcon 9 rocket on a barge.

What to Watch This Weekend

A look at the plots of this weekend’s new movie releases from a business perspective.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Kayne Anderson Capital Advisors announced Thursday that it has partnered with Bentonville, Ark., venture and growth equity firm NewRoad Capital Partners to form the Kayne NewRoad Ventures Fund II. The fund will work with early-stage, technology-enabled businesses within retail and other large growth opportunities. It has total commitments of $90 million from investors.

Stocks Slightly Up

The Dow Jones industrial average rose 35 points in Friday trading to close at 17,576. The S&P 500 rose 6 points to 2,048. The Nasdaq rose 2 points to 4,851. The LABJ stock index remained at 225.

California Resources Corp., MannKind Among Week’s Biggest Movers

Chatsworth oil and natural gas producer California Resources Corp. was one of the week’s leading gainers. Shares rose 25 percent to close at $1.30. Unico American Corp., a Woodland Hills property and casualty insurance company, was another strong gainer this week. Shares rose 20 percent to close at $11.22. MannKind Corp. was the week’s losing stock. Shares for the Valencia biopharmaceutical developer of therapeutic products for diseases such as diabetes and cancer fell 24 percent to close at $1.22 on Friday

Pivot to Profit

FINANCE: Green Dot puts money on new debit cards to offset loss of scrapped line.

Debit card pioneer Green Dot stacks its deck with new offerings after fraud scams scuttled a profitable product.

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Eatery Owner Game for Retail

Maire Byrne adds to her ownership plate by opening toy store Quinnie & B.

Restaurateur Maire Byrne makes a play for another sector with her new toyshop, Quinnie & B.

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Rear-Shaping Jeans Maker to Butt Into New Line

APPAREL: YMI turns to body-shaping products to maintain sales revenue.

YMI Jeanswear aims to preserve its bottom line by growing beyond its butt-enhancing jeans to a body-sculpting line.

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Hollywood Heavyweights Dine With Obama at Bel-Air Fundraiser

President Obama reeled in a crowd of top Hollywood brass at a fundraiser hosted by Walt Disney Co. Chairman Alan Horn on Thursday evening, according to Deadline Hollywood. Attendees forking over between $15,000 and $66,000 a ticket included Disney Chief Executive Robert Iger, Julia Roberts, J.J. Abrams and Norman Lear.

Faraday Future, Snapchat Could Bag Millions in Tax Breaks for Adding Jobs

Gardena electric car startup Faraday Future and Venice’s Snapchat could be in line for millions of dollars in state tax breaks over the next five years if they meet certain hiring and investment benchmarks.

Cal State Faculty Strike Averted After Tentative Salary Agreement

A proposed five-day faculty strike at California State University campuses has been called off thanks to a tentative salary agreement between university officials and the California Faculty Association, according to the Los Angeles Times.

Carson Takes Stand Against Oil Industry by Introducing Tough Regulations

Carson has adopted the toughest regulations on oil and gas production in the state, The Daily News reported. The laws, pending finalization, originated with a resident protest two years ago against Occidental Petroleum Corp.’s controversial and now-shuttered plan to drill 200 new oil and gas wells.

Grocery Chain El Super to Pay Back Wages

The National Labor Relations Board ordered Paramount-based supermarket chain El Super to pay 549 current and former employees $363,000 in back wages, in response to charges that the workers’ vacation rights were violated by the company.

Rams’ First Los Angeles Match-Up Will be With Cowboys

The NFL announced Thursday that its preseason slate will kick off with a showdown between the returning Los Angeles Rams and the Dallas Cowboys, to by televised on ESPN, according to the Washington Post.

Stocks Up

The Dow Jones industrial average rose 107 points in early Friday trading to 17,648. The S&P 500 rose 13 points to 2,055. The Nasdaq rose 24 points to 4,873. The LABJ stock index rose 1 point to 225.

Thursday, April 7

CrownPeak Raises $50 Million, Merges with ActiveStandards

Content management service CrownPeak of Baldwin Hills has raised a $50 million round and merged with website quality assurance platform ActiveStandards of London.

Redstone Settlement Could Prevent Trial, Spectacle

A tentative settlement has finally been reached in the soap-opera like legal battle over the mental capacity of ailing media mogul Sumner Redstone.

New State Ridesharing Rules Could Derail Local Firm

The California Public Utility Commission (CPUC) will vote April 21 on a measure that could upend the business model of Evercar, an eight month-old Culver City firm providing low-income drivers access to electric vehicles for rideshare and delivery purposes.

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Stocks Down

The Dow Jones industrial average fell 174 points in Thursday trading to close at 17,542. The S&P 500 fell 25 points to 2,042. The Nasdaq fell 72 points to 4,848. The LABJ stock index fell 3 points to 224.

Back in Business?

Southern California Gas Co. intends to resume operations at its shuttered Aliso Canyon storage field as soon as late summer, reports the Los Angeles Times. The field has been closed since last October’s massive gas leak which forced thousands of nearby residents to flee their homes. The plan is to resume injecting natural gas using wells that will have undergone a full range of testing for risks of failure.

Stocks Down

The Dow Jones industrial average fell130 points in early Thursday trading to 17,586. The S&P 500 fell 13 points to 2,053. The Nasdaq fell 35 points to 4,885. The LABJ stock index fell 1 point to 226.

Redstone Switch Puts Family First

Media mogul Sumner Redstone, 92, has put decisions about his health care in the hands of his daughter Shari and taken them away from Philippe Dauman, the chief executive of his company Viacom, reports Bloomberg. The switch coincides with the tycoon’s lawyers being engaged in settlement talks with his ex-girlfriend Manuela Herzer, who once filled that health care role.

Sony Hack Settlement Approved

A judge has approved a multimillion dollar settlement in a class- action lawsuit filed by former Sony Pictures Entertainment employees whose private information was stolen in a massive data breach, reports KPCC.

Obamageddon Returns

Workers on the Westside will be bracing for long traffic delays as President Obama returns to Los Angeles today for more big ticket fundraisers. He will be in Bel Air tonight for a fundraiser at the home of Disney Studios Chairman Alan Horn, reports Deadline Hollywood

Magical Day for Muggles, Universal

Huge crowds are flocking to Universal Studios Hollywood today for the sold-out opening day of the theme park’s new Harry Potter attraction, reports the Los Angeles Times.

Darkness Falls

Businesses and residents from Studio City to Sherman Oaks were left in the dark last night by a massive power outage. An explosion at a Department of Water and Power electrical substation knocked out power to 8,700 customers in the San Fernando Valley, reports the Los Angeles Daily News.

Wednesday, April 6

READER POLL: Should hospitals such as Cedars-Sinai invest in startups?

Should hospitals such as Cedars-Sinai invest in startups?

Stocks Up

The Dow Jones industrial average rose 113 points in Wednesday trading to close at 17,716. The S&P 500 rose 21 points to 2,066. The Nasdaq rose 77 points to 4,921. The LABJ stock index rose 3 points to 227.

Board of Supervisors Makes Waves with Proposed Water Fees

The Los Angeles County Board of Supervisors passed two water-related motions Tuesday, authored by Third District Supervisor Sheila Kuehl, a that have raised the ire of local business and development groups.

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Verizon Buys Stake in AwesomenessTV

New York’s Verizon Communications Inc. has agreed to purchase a 24.5 percent stake in online media company AwesomenessTV of West Los Angeles for around $160 million.

Verizon Buys Minority Stake in AwesomenessTV

Verizon Communications has agreed to take a 24.5 percent equity stake in AwesomenessTV in a deal valuing the streaming entertainment business at approximately $650 million. Awesomeness, 51 percent owned by DreamWorks Animation, will also provide Verizon with proprietary content as part of a new entertainment channel.

Redstone Settlement Talks Underway

The legal team representing former Viacom Inc. Chief Executive Officer Sumner Redstone has quietly started settlement talks to stave off possible negative effects a trial set to begin May 6, Bloomberg reports. The 92 year-old’s mental competency is being questioned in a case brought by former companion Manuela Herzer as his health care agent.

Potter Tickets Sell Out in Magical Disappearing Act

Universal Studios Hollywood’s Harry Potter attraction cast a spell on prospective park goers online, with tickets for Thursday’s opening day and premium VIP tickets for Friday and Saturday selling out rapidly. The Los Angeles Times reports that a handful of tickets for those days will be available for $115, the park’s regular at-the-gate price, but won’t disclose the actual number of tickets still up for grabs.

UCLA Forecast: California Job Growth to Outpace Nation

A UCLA Anderson School economic forecast released Wednesday projects that California’s unemployment will continue to fall, continuing a trend seen over the past year. CBSLA.com reports Senior Economist Jerry Nickelsburg says the growing number of employed workers has taken the state to new employment heights and will put it closer to “full employment” status ithis year. The trend is expected to continue into 2017 as the economist projects the state’s unemployment rate would hit 4.9 percent by the close of 2016.

Disney Stock Falls Amid Succession Uncertainty

Shares of Walt Disney Co. closed down 1.7 percent Tuesday in the wake of the resignation of Chief Operating Officer Thomas Staggs, seen as an heir apparent to Chief Executive Robert Iger. The New York Times reports that speculation on the state of the succession is buzzing, with names of possible successors from outside the “Magic Kingdom,” including Facebook’s Sheryl Sandberg and Chernin Media’s Peter Chernin being bandied about.

Summer Blackouts Expected After Aliso Canyon Leak

Several state agencies released a joint 56-page report and 33-page “action plan” on Wednesday detailing how SoCal Gas’ Aliso Canyon leak will affect energy demands in the region.

Stocks Mixed

The Dow Jones industrial average fell 24 points in early Wednesday trading to 17,580. The S&P 500 rose 1 point to 2,046. The Nasdaq rose 15 points to 4,858. The LABJ stock index stayed at 224.

Tuesday, April 5

Stocks Down

The Dow Jones industrial average fell 133 points in Tuesday trading to close at 17,603. The S&P 500 fell 21 points to close at 2,045. The Nasdaq fell 48 points to close at 4,844. The LABJ stock index fell 3 points to close at 224.

LAX Presence Key in Alaska Airlines Purchase of Virgin America

Alaska Air Group Inc. of Seattle agreed last week to purchase Burlingame’s Virgin America Inc. for $2.6 billion, and it seems Virgin’s strong presence at Los Angeles International Airport and the growing L.A. tech scene were key factors in the deal.

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Judge Rules Case Against TrueCar Can Proceed

A Los Angeles Superior Court judge has ruled that the California New Car Dealers Association’s lawsuit against TrueCar Inc. of Santa Monica will go forward.

Cedars-Sinai Accelerator Starts Class

Techstars Healthcare Accelerator at Cedars-Sinai announced its first class of companies on Monday.

Roskis give $25 million to USC Eye Institute

Gayle and Edward Roski have made a $25 million gift to endow and name the Eye Institute at USC’s Keck School of Medicine school, the university announced Tuesday.

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Leak Fear Rises

ENERGY: Playa del Rey gas wells under regulator review.

SoCal Gas’ aging wells in Playa del Rey fuel concerns over an Aliso Canyon-style leak.

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‘Gig’ Workers May Organize

Business groups come together against a state measure allowing contract workers to form unionlike groups.

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Disney Heir Apparent Steps Down

Thomas Staggs, widely regarded as the top pick to take over as chief executive officer from Robert Iger at the Walt Disney Co., unexpectedly announced his departure from the company.

Rams Set Up Shop in Temporary Agoura Hills Offices

The Los Angeles Rams have opened temporary offices for as many as 80 employees in Agoura Hills to handle marketing, ticketing, community relations, finance, and administrative functions until permanent offices nearby open this summer. .

Burnett Taps Intel Chief for Tech Game Show

Mark Burnett, the reality-TV king behind “Survivor,” ‘‘The Apprentice,” and “Shark Tank,” has tapped Intel Chief Executive Brian Krzanich as the leading tech expert on a new game show. “America’s Greatest Makers,” a 10-episode TBS series filmed in Los Angeles kicked off this week.

Viacom's BET Gets On Board 'Soul Train' Franchise

Viacom's BET Networks acquired the “Soul Train” franchise, for an undisclosed amount from Ron Burkle's Yucaipa Cos. and InterMedia Partners, the Los Angeles Times reports.

Stocks Down

The Dow Jones industrial average fell 123 points in early Tuesday trading to 17,614. The S&P 500 fell 18 points to 2,048. The Nasdaq fell 36 points to 4,856. The LABJ Stock Index fell 2 points to 224.

Monday, April 4

Governor Signs Landmark Legislation to Raise California's Minimum Wage

Gov. Jerry Brown joined supporters from across the state today in Los Angeles to sign landmark legislation that makes California the first state in the nation to commit to raising the minimum wage to $15 an hour by 2023.

Walt Disney Co.’s Chief Operating Officer to Step Down

Walt Disney Co. Chief Operating Officer Tom Staggs will step down from his post on May 6, according to a statement released by the company on Monday.

Reliance Steel Buys Best Manufacturing Inc.

Reliance Steel and Aluminum Co. said Monday that it had acquired structural metal and steel producer Best Manufacturing Inc.

J2 Global’s Acquisitions Binge Continues

Cloud services provider J2 Global of Hollywood continued its acquisition binge into the first quarter of this year, buying six small companies for an undisclosed total.

L.A. Tech Calendar April 4 to 17

Roundup of L.A. tech events in the next two weeks.

Stocks Down

The Dow Jones industrial average fell 56 points in Monday trading to close at 17,737. The S&P 500 fell 7 points to 2,066. The Nasdaq fell 23 points to 4,892. The LABJ Stock Index fell slightly to just below 227.

Downtown Toyota Site Sold for $30M

Parking lot developer L&R Group, operator of Wally Park and Joe’s Auto Parks, has paid $30 million for a 1.5-acre site at Figueroa Street and Venice Boulevard. The roughly 60,000-square-foot site, just north of the 10 freeway and two blocks from the Staples Center, is home to the Toyota of Downtown L.A. dealership.

Air Board Approves Restart of Torrance Refinery

The restart of ExxonMobil’s Torrance refinery narrowly received regulatory approval Saturday after a South Coast Air Quality Management District Hearing Board (AQMD) voted 3-2 to allow it to reopen after a daylong hearing at City Hall, the Los Angeles Daily News reports. The plant was shuttered after a February 2015 explosion. The agency also imposed a fine of about $5 million in for air pollution violations as a result of the explosion and for violations that could occur during the startup of the refinery.

SAG-Aftra Reaches Agreement on Commercial Contracts

SAG-Aftra, the union that represents more than 160,000 actors, announcers, and broadcast journalists, has reached a tentative agreement for television and radio commercials contracts, according to the Los Angeles Times. Acting president Gabrielle Carteris - who took over after the death last month of Kenn Howard - said the deal would deliver “essential gains” that would support the union’s members and their families as the media’s landscape changes.

Digital First Says Register to Remain ‘Local and Independent’

Digital First Media, the new publisher of the Orange County Register and Riverside Press-Enterprise, says the two papers aren’t going anywhere despite laying off 71 people last week, reports the Los Angeles Daily News. Ron Hasse, president and publisher of the newly formed Southern California News Group now publishes 11 daily newspapers (including the Daily News), and promises to keep them “local and independent,” knocking down rumors of consolidation.

DoubleLine Capital Grows By $10B in First Quarter

DoubleLine Capital increased assets to $95 billion at the end of March, according to Bloomberg, more than $10 billion more than it reported at year end. The growth is mostly attributed to its flagship fund, DoubleLine Total Return Bond Fund, which invests primarily in mortgage-based securities and has reached nearly $58 billion in assets.

Box Office: Batman v. Superman Plummets in Second Weekend

Box office receipts for Warner Bros.’ “Batman v. Superman: Dawn of Justice” dropped nearly 70 percent in its second weekend, but it still managed to maintain its number one spot, reports the Hollywood Reporter. The film has earned a domestic total of $261.5 million. Disney’s “Zootopia” placed second in its fifth weekend, while Sony Pictures Classics’ Miles Davis biopic “Miles Ahead,” starring Don Cheadle, took in the top theater average in its limited opening in New York and Los Angeles.

Stocks Slightly Rise

The Dow Jones industrial average rose slightly in early Monday trading to 17,794. The S&P 500 slightly rose to 2,074. The Nasdaq rose slightly to 4,916. The LABJ Stock Index rose slightly to nearly 228.

SPECIAL REPORT: James T. Armstrong

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

Bank Chief Executive Pays for Pickup With Job

LENDING: Stock price of CIT Group has plunged in wake of deal for OneWest.

Problematic pickup of OneWest costs CIT Group CEO John Thain his job.

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Shot in Arm for Los Angeles

Steps must be taken to nurse local businesses harnessing ‘Big Data’ to create health technology mecca.

Gary Mangiofico and John G. Figueroa plug L.A.’s growing medical technology scene.

Can Dodger Stadium Remain Hit With Baseball Fans?

An aging Dodger Stadium no longer fields the same attraction for fans, writes Jeremy Bagott.

SPECIAL REPORT: Lloyd Greif

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Robert V. Sinnott

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Nishen Radia

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Ed Bagdasarian

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Jim Andelman

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Eric Manlunas

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

T-Shirt Maker Opens Doors For Homeless

Povertees works to outfit employees with career-boosting skills.

T-shirt maker Povertees fashions employment opportunities for homeless women.

Chef Game For Spot At Sports Venue

Ray Garcia serves up Mexican cuisine to Staples Center crowds.

Staples Center scores Ray Garcia and his Mexican cuisine for the sports venue’s food lineup.

Model Approach to Law

When Lorraine D’Alessio was recruited at 15 by Ford Models in Toronto, a career as an immigration attorney was one of the last things on her mind.

Paper Uses Book Festival To Fold In More Readers

MEDIA: Los Angeles Times event provides opportunity for revenue, subscriptions.

Los Angeles Times sees Festival of Books as a means to deliver the paper more revenue and subscribers.

Video Firm Puts Money on Subscription Service

INTERNET: Fullscreen sees venture as cross between Netflix, YouTube channel.

The world of viral videos is colliding with traditional TV and film content.

Track Grows Longer for Rail Yard Project at Port

SHIPPING: Judge orders L.A. officials to perform new environmental study.

After being in the works for a decade, BNSF Railway Co.’s Southern California International Gateway project at the Port of Los Angeles is now facing fresh delays.

High Court’s Empty Seat Delivers Union Victory

LABOR: 4-4 tie upholds appellate ruling; nonunion teachers must pay fees.

The U.S. Supreme Courts’ ruling Tuesday in the first controversial case decided since the death of Justice Antonin Scalia in February delivered a big victory to labor unions and previewed what could be a new feature at the court for the foreseeable future: the 4-4 tie.

Engineering Firm Finds Space for $400 Million Contract With NASA

Jacobs Engineering Group Inc. has won a NASA contract worth up to $400 million.

SPECIAL REPORT: Greg Bettinelli

Greg Bettinelli bet his future on the continuing growth of the L.A. tech scene nearly three years ago.

SPECIAL REPORT: Anthony Pritzker

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

Rising Wage, Less Assistance

The race between California and New York to have the nation’s highest minimum wage.

Buyer Hot for Properties in Cool Neighborhoods

ACQUISITION: Developer will renovate Eagle Park, Highland Park buildings.

As Highland Park and Eagle Rock grow more hip by the day, two 1960s-era apartment buildings in those neighborhoods will soon undergo sweeping renovations to match the area’s increasing cool factor.

Conventions

Upcoming conventions

Calendar

Calendar of events

SPECIAL REPORT: Capitalizing on Connections

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: William (Bill) Barnum

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

SPECIAL REPORT: Tom Gores

Private equity, investment bank, and VC executives discuss leveraging personal and tech connectivity for big payouts.

Sunday, April 3

Crowd Conjurer?

Universal Studios enlists Harry Potter in theme park battle with Disney

NBCUniversal hopes its Harry Potter attractions have the magic touch with theme park visitors.

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Shut Out

Megamansion plan axed amid neighbor pushback

Plans for a megamansion neighbors feared would be a party pad have been pulled.

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Message App Hopes 2.0 Changes Speak to Base

INTERNET: Snapchat adds offerings for core users in move to boost ad revenue.

Snapchat looks to reframe apps’ offerings to improve its image with advertisers and investors.

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Friday, April 1

Funeral Home Finds New Life

Affordable housing may soon breathe new life into a South Los Angeles funeral home. The Hollywood Community Housing Corporation is proposing to create 40 apartments for low-income residents on the Jefferson Boulevard site of the old Angelus Funeral Home, which has long sat vacant and boarded up.

PE Roundup: Private Equity Deals Announced This Week

El Segundo private equity firm Lovell Minnick Partners announced Monday that its portfolio company, Houston wealth management firm Kanaly Trust, will merge with Santa Barbara wealth manager Mercer Advisors. Lovell Minnick will retain a stake in the combined company; further details of the transaction were not disclosed.

What to Watch This Weekend

What to Watch This Weekend A look at this weekend’s biggest new movie releases. MILES AHEAD – While the marriage of Miles Davis failed to survive his drug use, domestic violence, and infidelity, the jazz legend’s career continued to thrive, as depicted in this biopic.

Silicon Beach Launch List: April 1

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

Movers

Rentech, Inc., a wood fiber processing company, was one of the week’s leading gainers. Shares rose 51 percent to close at $3.04 a share on Friday. Capstone Turbine Corporation, a California based gas turbine manufacturer, was also a big gainer this week. Shares for the Commerce firm rose 21 percent to close the week at $1.48. MannKind Corporation, a biopharmaceutical company, was among the week’s losing stocks. Shares fell 25 percent to close the week at $1.59 a share.

Silicon Beach Deal Flow: April 1

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

United Online Sells StayFriends

Internet portfolio company United Online Inc. has sold social media network StayFriends to Stroer Content Group of Cologne, Germany for $18.3 million.

Stocks Rise

The Dow Jones industrial average rose 108 points in Friday trading to close at 17,793. The S&P 500 rose 13 points to 2,073. The Nasdaq rose 45 points to 4,915. The LABJ Stock Index rose to 227.

Tesla Has Already Pre-Sold 140,000 of Its New Cars

Elon Musk is having a good day. The Los Angeles billionaire’s electric car company, Tesla Motors, received 140,000 advance orders for its new Model 3 just a few hours after unveiling the vehicle, reports NPR. It’s priced at $35,000 and is expected to be released in 2017.

Time Warner Strikes Out in Dodgers Channel Talks

As opening day of the 2016 Major League Baseball season approaches, Time Warner Cable acknowledged that its attempts to reach a deal with AT&T's DirecTV and Cox Communications for SportsNet LA have failed, according to the Los Angeles Times. Time Warner had made several recent new offers to the satellite and cable providers.

Digital First Lays Off Editor, 70 O.C. Register Staff Members

Before the ink was dry on Digital First Media’s purchase of the Orange County Register, 71 people were laid off yesterday, including its editor, Rob Curley, according to the Los Angeles Times. The O.C. Register and Riverside Press-Enterprise will now be run by the newly formed Southern California News Group, which also operates the Los Angeles Daily News.

Rams Announce Season Ticket Prices

Los Angeles Rams season-ticket packages will start at $360 with premium seats costing up to $2,025, according to the Los Angeles Daily News. The Rams will play two preseason and seven regular-season games at the Los Angeles Memorial Coliseum. Single-game tickets will also be available this summer, with pricing details to be announced.

Stocks Down

The Dow Jones industrial average fell 91 points in early Friday trading to 17,593.62. The S&P 500 fell 13 points to 2,046.24. The Nasdaq fell 29 points to 4,841.02. The LABJ Stock Index fell slightly to 224.50.