LA BUSINESS JOURNAL DAILY NEWS

Entravision Communications Corp. Acquires Palm Springs TV Stations

Spanish-language broadcaster Entravision Communications Corp. has entered into an agreement with OTA Broadcasting to acquire Palm Springs stations KMIR-TV, an NBC affiliate, along with KPSE-LA, a MyNetworkTV affiliate, for $21 million.

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Silicon Beach Report July 21: Cinq Music Raises $20 Million Series B

Cinq Music raises $20 million Series B, Snap Inc. selling Spectacles in Harrods of London, and Snap Inc. hires Swiss team behind anti-reverse engineering software.

Movers for Week Ending July 21, 2017

Beverly Hills-based biotechnology company Capricor Therapeutics was this week’s biggest mover, gaining 92.65 percent to end at $1.31. Social Reality Inc. was also among this week’s biggest movers. The Los Angeles-based internet advertising company rose 19.17 percent to end at $1.43. Santa Monica-based automotive pricing and information website True Car Inc. was this week’s biggest loser, dropping 7.42 percent to end at $19.96.

L.A. Unemployment Rate Unchanged at Record Low 4.4 Percent

L.A. County’s unemployment rate remained unchanged in June from May’s record low 4.4 percent as a seasonal drop in education payrolls offset modest hiring in other sectors.

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Children’s Hospital Los Angeles Receives $3 Million Investment

Children’s Hospital Los Angeles has received a $3 million investment from philanthropists Teresa and Byron Pollitt for an endowed chair position as the director of CHLA’s Fetal and Neonatal Institute.

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L.A. County Assessed Property Values Up 6 Percent to Record $1.47 Trillion

L.A. County’s total assessed property values rose 6 percent over the past year to a record $1.47 trillion, marking the seventh consecutive year of property value growth, County Assessor Jeffrey Prang announced late Thursday.

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Silicon Beach Report July 20: Elon Musk Claims ‘Verbal Approval’ for Hyperloop Route From NY to DC

Elon Musk claims ‘verbal approval’ for hyperloop route from NY to DC, Falcon Heavy launch has “good chance” of failure says Elon Musk, and Hulu signs 3,000-episode distribution deal with 20th Century Fox.

Torrance’s Providence Little Co. of Mary Medical Center Receives $20 Million Donation

Providence Little Company of Mary Medical Center in Torrance has received a $20 million donation from philanthropists Priscilla Hunt and the late Donald G. Hunt, the hospital said Thursday.

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Elon Musk Claims ‘Verbal Approval’ for Hyperloop Route From NY to DC

Elon Musk said on Thursday that his Boring Co. received “verbal approval” to build an underground hyperloop system from Washington, D.C., to New York.

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DLA Piper Absorbs Liner Firm and 60 L.A. Attorneys

Westwood and downtown-based boutique law firm Liner plans to merge with industry behemoth DLA Piper, the firms said Thursday.

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LAEDC to Host New Center for Workforce Training Programs

The Los Angeles County Economic Development Corp. will host a new center for workforce training programs as part of a program funded by local community colleges, LAEDC executives and community college officials were set to announce Thursday.

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Silicon Beach Report July 19: Pasadena Avatar-Generating Startup Oben Inc. Raises $5 Million

Pasadena avatar-generating startup Oben Inc. raises $5 million, NBC adds Snapchat news show, and SpaceX not going to land Dragon capsule on Mars with rocket thrusters.

Replacement Meal Maker Soylent Whips Up 7-Eleven Deal

Downtown manufacturer Rosa Foods Inc. will sell its line of Soylent meal replacement drinks in brick-and-mortar stores this month for the first time, the company has announced.

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Los Angeles, Long Beach Ports Clean Air Action Update Could Cost $14 Billion

Implementing goals of having only zero-emission vehicles and cargo handling equipment by 2035 will cost the ports of Los Angeles and Long Beach $7 billion to $14 billion, according to the ports’ Clean Air Action Plan update released Thursday

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Pasadena Avatar-Generating Startup Oben Inc. Raises $5 Million

Artificial intelligence startup Oben Inc. said it has raised a $5 million round led by Chinese investment firm Tencent Holdings.

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ACI Last Mile Network acquires CIPS Marketing Group from LA Times, Digital First Media

ACI Last Mile Network said Tuesday it had acquired CIPS Marketing Group – which was jointly owned by the Los Angeles Times and Digital First Media – for an undisclosed sum.

Massive Newhall Ranch Project Wins Approvals

Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.

Silicon Beach Report July 18: Rubicon Project Buys nToggle for $38.5 Million

Rubicon Project buys nToggle for $38.5 million, artificial intelligence startup Oben raises $5 million and Snap Inc. begins selling Spectacles on Amazon.

MGM Acquires Reality TV Company Evolution Media

Metro-Goldwyn-Mayer Inc. announced Tuesday it is expanding its reality television footprint by acquiring the assets of reality TV producer Evolution Media.

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Rubicon Project Buys nToggle for $38.5 Million

Online advertising marketplace Rubicon Project announced Tuesday that it had acquired nToggle Inc. for $38.5 million.

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