Los Angeles Business Journal


L.A. Launch List: May 22

A weekly roundup of L.A. tech company and product launches.

L.A. Tech Deal Flow: May 22

A weekly roundup of must-read L.A. tech investments and acquisitions.

Mattel Inks Deal for Mobile Games Based on Its Characters

In a move to link more of its traditional toys to technology, El Segundo toy maker Mattel Inc. has struck a deal with Hong Kong mobile games developer Animoca to create games based on the toy company’s brands.

Dockworkers, Employers OK Contract

Importers and exporters whose business depends on the L.A.’s twin ports and other West Coast harbors can breathe a sigh of relief: A tentative labor contract, reached in late February between dockworkers and terminal operators after months of work slowdowns and near gridlock, has been approved by both sides.

Holiday Weekend Travel Up, Summer Travel Expected to Climb

If you’re traveling this weekend, you may want to get to Los Angeles International Airport early.

NoHo Commons Retail Center Sells for $43 Million

The NoHo Commons retail center, a seminal North Hollywood development, has been acquired by an Orange County investment firm for $43 million, or about $681 a square foot, according to real estate data provider CoStar Group Inc.

E.U. Panel Backs Amgen Cholesterol Drug

Amgen Inc. announced Friday that a European Union committee has recommended approval of its drug Repatha to treat high cholesterol.

PE Roundup: Private Equity Deals Announced This Week

Beverly Hills firm Levine Leichtman Capital Partners announced Wednesday that it has made an investment in Tampa, Fla., foam manufacturer Allied Aerofoam Products. Terms of the deal were not disclosed.

MannKind, Qualstar Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly for the week. The weighted LABJ index rose less than 1 percent to close at 234, with gainers outpacing losers 88 to 61. Seven companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 54 points in Friday trading to close at 18,232. The S&P 500 fell five points to 2,126. The Nasdaq fell one point to 5,089. The LABJ Stock Index was flat at 234.

County Unemployment Holds Steady Amid Modest Job Gains

L.A. County’s unemployment rate was unchanged in April at 7.6 percent amid modest job gains that left the county just short of its all-time payroll jobs peak, state figures released Friday show.

Motorcar Parts Engages Gears with Purchase

If you fail, try, try again. That is what Torrance-based Motorcar Parts of America Inc. is doing with its announced acquisition of OE Plus Ltd., a remanufacturer of alternators and starters based in North Dighton, Mass. Financial terms of the deal were not disclosed.

Convention Center Designs Go on Display

After years of talk about the need for an improved and expanded Los Angeles Convention Center, Angelenos can now get a glimpse at what an updated center might look like.

Judge OKs $275 Million Activision Settlement

A Delaware judge has approved a $275 million shareholder settlement that ends a shareholder lawsuit against Santa Monica videogame publisher Activision Blizzard Inc.

Briefs: Lions Gate Posts Bigger Profit, L.A. Foreclosures Rise

Lions Gate Roars Lions Gate today reported strong financial results for its fiscal 2015, boosted by the performance of hit movies such as “Hunger Games: Mockingjay, Part 1” and TV successes such as “Orange is the New Black.”

Stocks Rise

The Dow Jones industrial average was flat in Thursday trading to close at 18,286. The S&P 500 rose five points to 2,131. The Nasdaq rose 19 points to 5,091. The LABJ Stock Index was flat at 235.

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Big Time for Little Labs?

What will it take for smartwatch app developer Little Labs of Venice to succeed?

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Seed Round Streams into Mobcrush

Mobcrush, an iOS app that streams video of people playing mobile games, has raised a $4.9 million seed investment round.

Auto Dealers Take on TrueCar, Again

A Sacramento trade group representing more than 1,100 of the state’s new car dealers has accused Santa Monica’s TrueCar Inc. of operating as an auto dealer and broker without a license.

Port of Long Beach to Shell Out for Chassis Fleet

The more truck chassis, the merrier – that’s why the Port of Long Beach is going to build its own fleet of the truck trailers used to haul shipping containers to and from the port and the Port of Los Angeles.