LA BUSINESS JOURNAL DAILY NEWS
The Honest Co., co-founded by actress Jessica Alba and L.A. entrepreneur Brian Lee, has raised $70 million as it prepares to file for an IPO.
Early-stage VC firm Kleiner Perkins Caufield & Byers has invested in Snapchat, giving the photo and video messenger app a valuation just shy of $10 billion, according to the Wall Street Journal.
Southern California’s tech scene is getting federally funded. The National Science Foundation has awarded a three-year $3.75 million grant to establish an innovation hub, or “node,” in Southern California.
Brentwood Associates, a Los Angeles private equity firm, said Tuesday it had acquired Marshall Retail Group, a Las Vegas owner and operator of stores in casinos and airports.
Richard Jacobsen, former president of Jacobsen Pilot Service Inc., died Friday at the age of 82, the Port of Long Beach announced.
The Pasadena building housing the world headquarters of Disney Stores USA has been acquired by Swig Co., a San Francisco real estate investment firm, it was announced Tuesday.
The Dow Jones industrial average rose 30 points in Tuesday’s trading to 17, 107. The S&P 500 rose 2 points to 2, 000. The Nasdaq rose 13 points to 4,571. The LABJ Stock Index rose one point to 206.
Evolve Media, the digital publisher behind men and women’s lifestyle sites CraveOnline and TotallyHer, has hired Moat to audit its metrics for display and video ads.
ZipRecruiter, a hiring platform for small- and medium-sized businesses, has secured $63 million in Series A funding, the first raise for the Santa Monica company since launching in 2010.
In a transaction with potential local implications, Amazon announced Monday it will buy live-streaming video game site Twitch for $970 million in cash.
Walt Disney Co. has filed three patents to use unmanned aircraft in entertainment productions at its theme parks.
Hawthorne’s OSI Systems reported net income of $22.1 million ($1.07 a share) for the fourth quarter ended June 30, compared to net income of $11.8 million (58 cents) in the same period a year earlier. Revenue for the maker of medical diagnostic equipment and security scanners rose 14 percent, to $260 million. The results analysts’ projections of earnings of $1.17 a share on revenue of $246 million.
The Dow Jones industrial average rose 76 points in Monday’s trading to 17, 077. The S&P 500 rose 10 points to 1,998. The Nasdaq rose 19 points to 4,557. The LABJ Stock Index rose one point to 205.
internet: YouTube producer channels small-screen vets, sponsor.
Content & Co. looks to channel TV veterans and corporate sponsorship into a successful YouTube show.
TECHNOLOGY: Shares of International Rectifier rise as suitor pursues coating.
German suitor sparks to International Rectifier’s high-voltage product for semiconductor chips.
KFWB-AM (980) is ending its newstalk format a week earlier than planned.
Bob Deyan, who grew his San Fernando Valley business into one of the largest independent audiobooks producers, died on Tuesday in Santa Monica from complications of ALS. He was 56.
IPC The Hospitalist Co. Inc. announced on Friday that it has acquired two doctors groups in Florida.
The Los Angeles Business Journal’s index of the area’s largest public companies rose for the week.
If you’re a fan of AMC’s “Mad Men,” then you’ve probably seen actor Jon Hamm lounging in sleek midcentury modern office furniture while sipping a stiff drink as his iconic character, Don Draper.