Los Angeles Business Journal


Tease photo

Grindr CEO Says Gay Hookup App Still Scores

Joel Simkhai calls himself the “number one Grindr user.” He’s also the gay dating app’s chief executive.

TV Production Continues to Grow, Film Production Suffers

On-location television production continued to show strong growth in the third quarter but feature film production continued to decline, according to figures released by FilmL.A. on Tuesday.

Loeb Ups Stake in Amgen, Calls for Breakup

Shares of Amgen Inc. jumped nearly 5 percent Tuesday on heavy volume after billionaire hedge fund manager Dan Loeb disclosed he had upped his stake in the company and called for its breakup.

Stocks Rise

The Dow Jones industrial average rose 215 points in Tuesday trading to close at 16,615. The S&P 500 rose 37 points to 1,941. The Nasdaq rose 103 to 4,419. The LABJ Stock Index rose five points to 202.

Frozen Out of Disney, Mattel Looks to Universal

After losing a coveted deal to make dolls based on Disney’s “Frozen” and other princess films to rival Hasbro last month, El Segundo toy maker Mattel announced Tuesday that it has partnered with Universal Pictures to develop a line of toys based on the “Despicable Me” movies.

Port of Long Beach Sees Heavy Traffic

Cargo numbers rose sharply for the Port of Long Beach in September as the port recorded its heaviest traffic for that month since 2007.

Play the Cook with SideChef

Kevin Yu was trying to whip together a three-course Valentine’s Day meal when things went awry.

Art of the Deal: CAA Trades Majority Stake

Creative Artists Agency announced Monday that minority owner TPG Capital of Fort Worth, Texas, had agreed to increase its investment in CAA to a majority position.

Stamps.com Acquires ShipWorks

Stamps.com, a provider of Internet-based postage services, has acquired e-commerce shipping software company ShipWorks for $22 million in an all-cash deal.

Amgen, Gates Foundation to Develop Ebola Treatment

Amgen Inc. is teaming with the Bill & Melinda Gates Foundation to develop a faster production method for Zmapp, an experimental Ebola treatment, according to the company.

Lions Gate, Tribeca to Offer On-Demand Service

Santa Monica independent studio Lions Gate Entertainment Corp. and New York media company Tribeca Enterprises will partner on a new digital subscription video-on-demand service, the companies announced Monday.

L.A. Times Brings Back ‘California’

The Los Angeles Times is bringing back its California section after a five-year hiatus, the Times announced Monday.

Stocks Rise

The Dow Jones industrial average rose 19 points in Monday trading to close at 16,400. The S&P 500 rose 17 points to 1,904. The Nasdaq rose 58 points to 4,316. The LABJ Stock Index rose three points to 197.

Snapchat to Roll Out First Ads

Snapchat announced that ads will appear on its messaging app for the first time this weekend, acknowledging that it needs to make money.

Aecom Acquires URS

Downtown Los Angeles engineering and construction firm Aecom Technology Corp. completed its acquisition of San Francisco’s URS Corp. Friday in a $6 billion deal that creates a giant in the engineering and construction industry.

L.A. City Council Says No to Parking Auction Apps

The L.A. parking revolution that was to be is probably no more.

CytRx, Vitesse Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest public companies fell for the week. The weighted LABJ index fell 1 percent to close at 194. Gainers outpaced losers by 83 to 68, with 10 companies unchanged.

L.A. Venture Funding Climbs

Los Angeles-area companies raised $436 million in the third quarter, a 33 percent increase from the same period last year, according to the latest Money Tree Report from PricewaterhouseCoopers and the National Venture Capital Association

Stocks Rise

The Dow Jones industrial average rose 263 points in Friday trading to close at 16,380. The S&P 500 rose 24 points to 1,887. The Nasdaq rose 41 points to 4,258. The LABJ Stock Index rose three points to 194.

Central Desktop Acquired by PGi

Central Desktop, a Pasadena cloud-based management platform for businesses, has been acquired by collaboration software service provider PGi. Terms of the deal were not disclosed.