LA BUSINESS JOURNAL DAILY NEWS

Newhall Ranch Developer Settles Environmental Suits for $25 Million

Newhall Ranch developer Five Point Holdings in Aliso Viejo and environmental and culture groups that had been locked in legal battles over the proposed Santa Clarita Valley project have settled, the parties announced Monday.

Silicon Beach Report Sept. 25: Video Game Voice Actors End 11-Month Strike

Video game voice actors end 11-month strike, Snapchat’s new augmented reality effect transforms the sky and OpenX acquires two advertising technology companies.

Financial Partners Credit Union Acquires Star Harbor Federal Credit Union

Financial Partners Credit Union of Downey has acquired Star Harbor Federal Credit Union of Rancho Dominguez, the credit unions announced Monday.

Report: Expanded Tax Credit Program Spurs California Film, Television Production

A 2014 bill to triple the size of California’s film and television production is showing signs of long-term success, according to a report from the California Film Commission released Monday.

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Delta to Add Flights from LAX to Paris, Amsterdam

Delta Air Lines announced Monday it will launch nonstop service from Los Angeles International Airport to Amsterdam and Paris beginning in June, connecting Angelenos to Delta’s two largest partner hubs in Europe.

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Blackstone Buys Burbank Media Office Portfolio for $1.7 Billion

New York City hedge fund giant Blackstone Group has bought a majority stake in several iconic buildings in Burbank’s Media District, according to the company.

Clippers Behind New NBA ‘Statement’ Jerseys

The National Basketball Association’s newest alternate uniform designs – unveiled this month in the lead-up to the 2017-18 season – originated in Los Angeles.

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Silicon Beach Report Sept. 22: Hyperloop One Raised $85 Million at a Valuation of More Than $700 Million

Hyperloop One raised $85 million at a valuation of more than $700 million, Faraday Future cuts loose its Nevada factory and incentives and Stratolaunch megaplane fires all six engines for the first time.

Movers for Week Ending September 22, 2017

El Segundo-based technology manufacturer Aerojet Rocketdyne Holdings Inc. was this week’s biggest mover, gaining 19.63 percent to end at $33.89. Beverly Hills-based Live Nation Entertainment was also among this week’s biggest movers. The entertainment company gained 3.35 percent to end at $43.50. Venice-based technology and social media company Snap Inc. was this week’s biggest loser, dropping 10.16 percent to end at $13.70.

Ahmanson/UCLA Adult Congenital Heart Disease Center Earns Accreditation

A congenital heart disease center run by UCLA has just become the first nationally accredited center of its kind in Los Angeles, and the 11th in the U.S.

Two Million Could Lose Insurance Under Graham-Cassidy Health Care Bill; Hospitals Face Revenue Hit

The Graham-Cassidy health care bill to repeal the Affordable Care Act could strip an estimated 2 million residents in Los Angeles County of their health insurance, according to a UC Berkeley study.

GenPop, Public House Create Finishing Fund for Sundance Hopefuls

Two L.A. production companies are joining forces to provide funding for filmmakers who are running out of cash to complete their entries for the 2018 Sundance Film Festival.

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Silicon Beach Report Sept. 21: Tuition.io Raises $7 Million

Tuition.io raises $7 million, Snapchat’s new partners attach instant apps and games to ads, and Snap Spectacles hardware lab cuts jobs, as well as changes leadership.

Tuition.io Raises $7 Million

Student loan management program Tuition.io of Santa Monica announced Thursday it raised a $7 million Series B round.

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Dole to Close Another California Berry Operation

Dole Food Co. Inc. in Westlake Village has announced another mass layoff relating to strawberries as the company continues to back out of its California berry operations.

Silicon Beach Report Sept. 20: Venice’s System1 Raises $270 Million

Venice’s System1 raises $270 million, SpaceX asks FCC to make exception for low-Earth satellites in subsidized internet program and Overwatch League announces three new teams.

Amblin Partners’ CEO Steps Down, Spielberg Steps In

Amblin Partners Chief Executive Michael Wright is stepping down and company Chairman Steven Spielberg will assume the role, Amblin announced Tuesday.

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Mitú Adds Former Nickelodeon President as Chief Executive

Former Nickelodeon President Herb Scannell is taking over as Mitú’s chief executive.

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Inglewood Biotech Firm Raises $8 Million

ImaginAb Inc., an Inglewood biotech firm that develops molecular imaging for cancer immunotherapy, has raised nearly $8 million in new capital, according to a recent Securities and Exchange Commission filing.

Broad Museum Adds New Board Members

Downtown’s Broad museum has appointed four new members to its board of directors.

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