Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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.

READER POLL: Will the impending acquisition of DreamWorks Animation by Comcast’s NBCUniversal be good or bad for the Glendale company?

READER POLL: Will the impending acquisition of DreamWorks Animation by Comcast’s NBCUniversal be good or bad for the Glendale company?

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 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.

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.