LA Business Journal Daily News

Delta Air Lines to Launch Ontario Airport to Atlanta Service in April

Delta Air Lines announced Oct. 19 that it will launch daily nonstop service between Ontario International Airport and Atlanta in April, marking the third carrier with transcontinental flights from the Inland Empire airport.

Silicon Beach Report Oct. 19: SpaceX Prioritizes Talent Over Cost

SpaceX prioritizes talent over cost in Port of L.A. project; Nexon’s ‘MapleStory’ hits 1 million; Clippers and Second Spectrum team up for VR game viewer

Airport Commissioners Approve $2B Contract for LAX Car Rental Facility

The Los Angeles Board of Airport Commissioners on Oct. 18 approved a $2 billion, 28-year contract to a consortium of 11 companies to design, build and operate a consolidated car rental facility near Los Angeles International Airport.

L.A. County Unemployment Rate Ticked Up to 4.6 Percent in September Despite Job Gains

L.A. County’s unemployment rate edged up to 4.6 percent in September even as the county recorded sizable job gains in the education sector, according to state figures released Oct. 19.

USC Reaches $215M Settlement in Class Action Arising from Ob-Gyn Sexual Abuse Allegations

USC has reached a $215 million class-action settlement with hundreds of students who had filed a lawsuit alleging they had been sexually abused by a former campus gynecologist.

Cal State LA Awarded Nearly $1M to Increase Data Access for L.A. City Residents

California State University Los Angeles has been awarded a nearly $1 million grant from the National Science Foundation to increase data accessibility and promote civic engagement among students and underserved communities in the city of Los Angeles, the university announced Oct. 18.

FactoryFour Raises $5M in Venture Capital Funding

Manufacturing software maker FactoryFour, which recently opened a new Culver City office, received a $5 million round of funding led by Menlo Park, Calif.-based venture capital firm August Capital, with participation from Refactor Capital.

Stem Cell Agency Awards $11 Million to SoCal Researchers to Fight Disease

The state stem cell agency on Oct. 18 awarded $11 million to Los Angeles research hospitals and universities to study regenerative treatments for disease.

ProducePay Raises $14 Million Series B Round

Glendale-based Produce Pay Inc., a company that provides short-term financing for farmers raised a $14 million Series B round.

MUFG Union Bank Expands Middle Market Capabilities With Intrepid Investment Acquisition

Los Angeles-based Intrepid Investment Bankers, a regional middle market investment banking firm involved in providing merger and acquisition and capital raising services, was acquired by San Francisco-based MUFG Union Bank, the two companies announced.

Xprize Names Anousheh Ansari Chief Executive

Playa Vista-based Xprize Foundation Inc. on Oct. 18 named technology entrepreneur Anousheh Ansari is its new chief executive.

Digital Radio Station Dash Raises $4.9 Million

Los Angeles digital radio platform Dash Radio Inc. has raised $4.9 million in equity securities, according to an Oct. 18 Securities and Exchange Commission filing.

Silicon Beach Report Oct. 18: Activision’s Record-Breaking $500M Opening

Activision’s new game has a $500-million opening; Ticketmaster acquires blockchain startup; Bird’s new service could bypass city regulations.

Tastemade Raises $35 Million in Latest Funding Round

Tastemade, a Santa Monica-based digital video company raised $35 million in a Series E round, the company announced Oct. 17.

Report: L.A. City Economy Boomed in 2017

The Los Angeles city economy boomed last year, registering more than 2 percent job growth over the previous year, a 25 percent jump in the valuation of building permits and a 7.5 percent increase in business gross receipts taxes, according to a report released Oct. 17 from Beacon Economics.

Sections

More LA Business Journal