LA BUSINESS JOURNAL DAILY NEWS
A Vancouver developer buying the storied Los Angeles Times building plans to demolish portions of the 750,000-square-foot complex to make way for a residential and retail development.
Iconic filmmaker George Lucas has given up on Chicago – at least as a home for his new Lucas Museum of Narrative Art.
Virgin Galactic begins fundraising $300 million, AppliedVR partners with Cedars-Sinai for therapeutic virtual reality, Lionsgate sells YouTube Red its first big-budget TV show, and more.
Anschutz Entertainment Group is abandoning plans to build a 755-room hotel next to its Ritz-Carlton and J.W. Marriott tower at downtown’s L.A. Live. The move comes as AEG claims that a planned 1,000-room hotel to be developed by the city across the street infringes on its property rights.
Santa Monica-based automotive pricing and information website TrueCars Inc. was this week’s biggest mover, gaining 10 percent to close at $7.83. A-Mark precious Metals, Inc. of Santa Monica was also among the week’s big movers. The precious metals dealer rose 10 percent to close at $16.10. Culver City-based NantHealth was the week’s biggest loser, dropping 10 percent to end at $12.70.
A look at the plots of this weekend's big new movie releases from a business perspective.
The Dow Jones industrial average fell 610 points on Friday to close at 17,401. The S&P 500 fell 76 points to 2,037. The Nasdaq fell 202 points to 4,708. The LABJ stock index rose eight points to 222.
After a week-long trial, it took less than a day of deliberation for a federal jury in Los Angeles on Thursday to find the legendary rock band Led Zeppelin did not steal the iconic guitar riff from Spirit’s 1968 instrumental track “Taurus.”
In the latest attempt to combat congestion at the ports of Los Angeles and Long Beach, Assemblyman Patrick O’Donnell (D-Long Beach) introduced a bill to improve the container cargo movement.
Flipagram tops 200 million users, Upfront names new partner, and Stamps.com buys ShippingEasy for $55 million.
The Los Angeles city Planning Commission on Thursday moved to regulate Airbnb and other short-term rentals, imposing time caps and stiff penalties for violations.
The Los Angeles Metropolitan Transportation Authority Board approved a transportation expenditure plan Wednesday that would place a countywide half-cent sales tax increase on the upcoming November ballot.
The Dow Jones industrial average rose points on Thursday to close at 18,011. The S&P 500 rose 28 points to 2,113. The Nasdaq rose 77 points to 4,910. The LABJ stock index rose three points to 230.
Should the LA Times abandon its historic home and move to more efficient space?
FAA announces drone filming rules, Tetra Tech wins $45 million contract, Ad Hoc Labs launches anti-date bot, and more.
Pasadena-based Tetra Tech Inc. announced Wednesday that it received a $45 million contract from the National Guard Bureau.
L.A. city officials on Wednesday took several steps to help small businesses and manufacturers.
The Dow Jones industrial average fell 49 points on Wednesday to close at 17,781. The S&P 500 fell 3 points to 2,085. The Nasdaq fell 11 points to 4,833. The LABJ stock index stayed steady at 227.
Kite Pharma Inc., a clinical-stage biopharmaceutical company, opened a new industrial manufacturing plant in El Segundo on Monday.
Hyperloop One explores system in Moscow, OpenX adds Culver City office, OSI Systems makes $269 million acquisition, and more.