LA BUSINESS JOURNAL DAILY NEWS
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Venture capital firm March Capital Partners of Santa Monica closed a $240 million fund on Tuesday to back dozens of technology start-ups worldwide.
Santa Monica-based artificial wave-making company Kelly Slater Wave Co. has agreed to sell a majority stake to the World Surf League. Terms of the deal were not disclosed.
The biggest football game of the year will kick-off in Inglewood in 2021. Super Bowl 55 will take place at the 80,000-seat Los Angeles Rams stadium that’s set to open in 2019, the National Football League announced on Tuesday.
UCLA teams will be soon getting a new look for its sports teams thanks to a 15-year record-breaking $280 million deal between performance footwear and apparel brand Under Armour and the university.
The Dow Jones industrial average rose 213 points on Tuesday to close at 17,705. The S&P 500 rose 28 points to 2,076. The Nasdaq rose 95 points to 4,861. The LABJ stock index rose three points to 228.
READER POLL: Does the idea of sharing living quarters, even for a brief time, appeal to you?
Roundup of L.A. tech events in the next two weeks.
In a move that greatly expands its service area, in-home tech-support company HelloTech has merged with rival Geekatoo of San Francisco. Terms of the deal were not disclosed.
Green Dot Corp. Chief Executive Steven Streit will likely be re-elected to his company’s board, according to a preliminary vote count from Monday’s annual stockholders meeting, the company announced this morning.
The California Chamber of Commerce announced Monday that it is opposing a likely November ballot measure to extend the income tax increase of Proposition 30 until 2031.
The Dow Jones industrial average fell 8 points on Monday to close at 17,493. The S&P 500 fell 4 points to 2,048. The Nasdaq fell 4 points to 4,766. The LABJ stock index fell one point to 225 points.
A weekly roundup of must-read L.A. tech investments and acquisitions.
L.A. oil firm Breitburn Energy Partners has received court approval to draw on $75 million in financing to sustain itself during bankruptcy proceedings.
A weekly roundup of L.A. tech company and product launches including StartEngine, Rubicon, OpenX and Esri.
Imax Corp. has announced it will launch six virtual reality arcades in locations such as multiplexes and malls.
A look at the plots of this weekend’s big new movie releases from a business perspective.
L.A. County’s unemployment rate continued its rapid descent in April, falling to its lowest point in nine years.
Beverly Hills private equity firm Levine Leichtman Capital Partners announced Monday that is has completed the acquisition of Pacific Handy Cutter Inc., a Costa Mesa manufacturer of cutting tools and replacement blades, from private equity firm American Capital Ltd. Terms of the deal were not disclosed.
Los Angeles real estate acquisition company InterGroup Corporation was the week’s biggest mover, gaining 22 percent to close at $32.35. Puma Biotechnology, Inc. in West Los Angeles was also among the week’s big movers. The bio pharmaceutical company’s shares rose 22 percent to close at $31.95. Breitburn Energy Partners of downtown Los Angeles was the week’s biggest loser, dropping 62 percent to close at 7 cents.