LA BUSINESS JOURNAL DAILY NEWS

Fitch: City’s Deficit Solvable, But Challenges Remain

Los Angeles can likely solve its projected $30 million deficit for the fiscal year ending in June, but spiraling pension costs and other possible expenses remain as challenges, according to a report issued by credit rating agency Fitch Ratings Inc.

L.A. Business Schools Climb in Latest Rankings

Three Los Angeles business schools rated among the nation’s best graduate MBA programs, with each moving up in rank this year, according to Bloomberg Businessweek’s 2017 list of Best Business Schools.

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Silicon Beach Report Nov. 17: Hollywood Producer Plans to Fund Next Blockbuster with Cryptocurrency

Hollywood producer plans to fund next blockbuster with cryptocurrency, SpaceX Zuma launch slips again as teams investigate hardware issue and SpaceX expects government support for development of BFR launch system.

Office Building Finds Higher Calling

A two-story office property at 588 Atlas St. in Monterey Park was recently acquired by In Christ Community Church for $10 million.

Supervisors Move to Extend Gladstone’s PCH Lease

Lovers of Gladstone’s restaurant on Pacific Coast Highway in Pacific Palisades probably still have another couple years to enjoy the seafood spot.

L.A. County Unemployment Rate Falls to 4.7 Percent

L.A. County’s robust labor market continued to gather steam in October as the unemployment rate fell to 4.7 percent from 4.9 percent in September and the county added 35,000 payroll jobs, the state reported on Friday.

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Office Building Near LAX to be Converted to Hyatt Hotels

A 13-story office tower near Los Angeles International Airport will be converted into a 129-room Hyatt House and a 272-room Hyatt Place Hotel.

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Augmented Reality Company Daqri Begins Shipping Smart Glasses

Augmented reality company Daqri of downtown Los Angeles has begun shipping its $5,000 Smart Glasses.

Sniffing Out New Business

SeekOps Inc., a Pasadena startup, manufactures a methane sensor that it attaches to a quad-copter drone and flies over oil and gas fields looking for leaks.

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Line 204 to Launch Sun Valley Project

Line 204 Studios in Hollywood is doubling down on its home turf even as it gets ready to break ground on a 240,000-square-foot studio complex in Sun Valley in July 2018.

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Silicon Beach Report Nov. 16: Ziff Davis Agrees to Buy Mashable for $50 Million

Ziff Davis agrees to buy Mashable for $50 million, Virgin Orbit wins its first Defense Department launch contract and mystery surrounds payload SpaceX is launching.

Ziff Davis Agrees to Buy Mashable for $50 Million

Ziff Davis, owned by Hollywood’s J2 Global Inc., has reportedly agreed to acquire online media company Mashable for $50 million.

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Foothill Rail Project Estimated to Provide $2.6B Economic Boost

Construction and operation of the 12-mile extension of the Foothill light rail line through the eastern San Gabriel Valley will provide a $2.6 billion economic boost to the region, according to a study released today.

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Silicon Beach Report Nov. 15: UBeam Raising $20M Series B Round

UBeam raising $20 million Series B round, Disney Pixar launches virtual reality app and Sprint will bundle Hulu VOD service with unlimited plans for no extra cost.

Fat Brands Inc. Acquires Hurricane Grill & Wings

Fat Brands Inc., the Beverly Hills parent of the Fatburger restaurant brand, has agreed to acquire the 60-unit Hurricane Grill & Wings brand for $12.5 million.

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Health Data Analytics Firm Catasys Reports Third-Quarter Profit

Catasys Inc., which provides predictive analytics to reduce the cost of health insurance claims, reported third-quarter net income of $1.2 million, down 11 percent from the same period a year ago.

Owner of Counter Burger Chain Sold, Will Leave L.A.

Canadian behemoth franchisor MTY Food Group Inc. has agreed to acquire the franchisors of the Counter and Built upscale burger chain brands for an undisclosed amount.

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Rodeo Drive Boasts Second-Priciest Retail Rents in Nation

Rodeo Drive in Beverly Hills is the second-most expensive rental space location in the country, according to a global market report from Cushman & Wakefield.

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Silicon Beach Report Nov. 14: Fox Exec to Launch Harassment Reporting App

Fox exec to launch harassment reporting app, Arrivo proposes maglev system for the inner city, and Fullscreen shutting down subscription VOD service and will lay off 25 employees.

Ports to Set Cargo Records in 2017

The ports of Los Angeles and Long Beach are on track to mint a record-breaking year in cargo movement.

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