LA BUSINESS JOURNAL DAILY NEWS

Children’s Hospital L.A. Offers Genetic Cancer Test to New Hospital Consortium

Children’s Hospital Los Angeles has joined a national consortium of pediatric hospitals that will employ its personalized cancer treatment for children.

Silicon Beach Report June 18: Robot Maker Gets $22 Million Series A

$22 million raised by Pasadena Robotics Co.; MindSpark acquired by Auticon; Sure Inc. expands to rideshare insurance

Soon-Shiong Seeks Seat on Board at Tribune; Announces Opening of Downtown L.A. Times Office

Patrick Soon-Shiong said that he will seek a seat on the Tribune Co. board now that his $500 million purchase of the Los Angeles Times and other California News Group holdings was finalized on June 18.

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Create Advertising Moving to 42,000 SF in Mid-Wilshire

Entertainment advertising agency Create Advertising Group has signed an 11-year lease for 42,000 square feet of office space at the Harbor Building at 4201 Wilshire Blvd in the Mid-Wilshire area.

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Molina Venture Buys Long Beach Post

Pacific 6 Enterprises, a group headed by John Molina, has bought the Long Beach Post and added seven staff members to the online news publication, according to a June 18 announcement provided to the Business Journal.

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BNY Mellon Wealth Management Hires Chuck Long to Run L.A. Office

BNY Mellon Wealth Management has named financial veteran Chuck Long to serve as regional president of its Century City office.

Three More Physicians Charged in $580M Kickback Scheme at Pacific Hospital

Three more doctors were charged in connection to an alleged $580 million kickback scheme linked to spinal surgeries at the defunct Pacific Hospital in Long Beach.

The Athletic to Hire Fleet of L.A. Sportswriters

The Athletic, a San Francisco-based sports journalism website, will hire seven full-time Los Angeles-based reporters effective June 18. Many of them will come from established Los Angeles publications.

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Ride-Sharing Commerce Company Cargo Enters L.A

Cargo Services Inc., a mobile marketplace headquartered in New York City, announced June 14 that it is expanding to Los Angeles. The company, which allows Uber and Lyft drivers to receive complimentary boxes stocked with retail items, has already bought a warehouse in Ontario, Calif.

Modest Job Gains in L.A. County for April

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released Friday.

L.A. County Unemployment Rate Dips to 4.4 Percent in April Amid Modest Job Growth

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released June 15.

Silicon Beach Report June 14: Influential Secures $12 Million in Series B Funding

Influential secures $12 million in series B funding; Snap Inc. releases API Snap Kit; ZipRecruiter expands in Santa Monica

Sunset Boulevard Office Building Purchased for $37.8 Million

Vanbarton Group, a New York-based real estate investment firm, has purchased a five-story, 74,000-square-foot office building at 6725 Sunset Blvd in Hollywood from Costa-Mesa based Crown Realty & Development Corp. for $37.8 million, or around $512 per square foot.

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Long Beach Port Cargo Volume Up, LA Port Volume Down

It was a tale of two ports in May as cargo volume at the Port of Long Beach hit a record high while at the Port of Los Angeles, volume dipped 3 percent from last year’s record high, according to announcements from both ports.

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Milken Study Favorable of Expanded California Film Tax Credit Program

California has recently seen an increase in the number of motion picture industry employees, but the state government could do more to lure movie making back to the Golden State.

German Employer of Autistic Professionals to Acquire MindSpark

An award-winning German firm that employs professionals with autism across Europe is acquiring Santa Monica–based MindSpark Inc. to mark its entry into the U.S. market.

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Boring Company Picked to Build Tunnel to Chicago Airport

Elon Musk’s Boring Company was selected by the city of Chicago on June 14 to provide an express tunnel service between downtown Chicago and O’Hare International Airport, a milestone for the company that comes amid uncertain progress on its Los Angeles demonstration tunnel.

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ICM Partners Announces Alliance with Video Game Talent Agency

Prominent talent agency ICM Partners announced June 14 a partnership with Evolved, a talent agency that focuses on representing e-sports players.

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Study Ranks Wonderful Co. as Top Growth Leader in Produce, Consumer Packaged Goods

Los Angeles-based Wonderful Company was named the no. 1 growth leader in produce and no. 1 in consumer packaged goods last year, according to a study released June 14 by the Boston Consulting Group and market research firm IRI.

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