LA BUSINESS JOURNAL DAILY NEWS

Furniture-maker Jonathan Louis Slashes Workforce

Furniture-maker Jonathan Louis has laid off workers and cut back production amid slowing demand for the wholesaler's sectional couches and other furnishings.

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Silicon Beach Report July 15: FX Plus Shut Down by Disney

FX Plus to stop service; J2 Global acquires more subsidiaries; SpaceX, NASA discover cause of rocket launch failure

MannKind Partners with GoodRx App

MannKind Corp. in Westlake Village has partnered with Santa Monica’s GoodRx, an app that allows people to see the best prices for drugs.

Kaiser Permanente Workers Could Go on Strike

Nurses, surgical technicians and other union workers at nonprofit health care provider Kaiser Permanente will vote later this month on whether to authorize a strike as contract negotiations stall.

Gov. Signs Bill Requiring Utility Customers to Pay Billions into Wildfire Fund

A bill signed into law July 12 by Gov. Gavin Newsom will require Southern California Edison customers to pay more than $3 billion toward a wildfire fund over the next 15 years.

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Fintech Firm ZestFinance Partners With Brazilian Retailer

Burbank fintech firm ZestFinance has partnered with Via Varejo, a Brazilian consumer electronics retailer.

Silicon Beach Report July 12: Behind the Scenes at Backstage Capital

Atom Tickets, Goldstar expand local business; Hulu to distribute Tastemade content; Backstage Capital targets the "underestimated"

Former StyleHaul Executive Indicted for Embezzlement

The former controller for digital media company StyleHaul Inc. was indicted July 9 on charges of embezzling $22 million from the now defunct Hollywood outfit.

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Cinema Prop House Signs $27 Million Lease Downtown

Omega Cinema Props Inc. has signed a 245,000-square-foot lease for an industrial facility downtown in a deal valued at $27 million.

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London Firm Takes Majority Stake in Fashion Company Reformation

Reformation, a Vernon-based sustainable fashion brand for women, sold a majority stake to London-based private equity firm Permira.

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Cadiz Shares Tumble as Bill Halting Project Passes Legislature

Shares of downtown-based water developer Cadiz Inc. tumbled July 11 after a bill moved to the governor's desk that could complicate its project to pump and transfer water from its desert aquifer to Southern California water agencies.

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Silicon Beach Report July 11: Bird Seeks More Cash as Revenue Falls

LauncherOne test successful; Lions Gate links with TF1; Bird raising additional $300 million

Cargo Volumes Down at L.A., Long Beach in First Half 2019

The ongoing trade war with China dampened volumes at the San Pedro Bay ports as imports declined 3.3% in the first half of the year compared to the same period in 2018.

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Emmaus Life Sciences to Go Public Via Merger

Privately held Emmaus Life Sciences, Inc., a Torrance-based company with a major sickle cell therapy under development, plans to go public through a reverse merger with a data analytics company in Orange County.

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L.A. Consumer Sentiment Slips to Four-Year Low

Los Angeles consumer confidence reached a four-year low during the second quarter as the region's consumers grew increasingly concerned about local and national business conditions, according to a survey released July 10.

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Silicon Beach Report July 10: Snap's Yellow Accelerator Welcomes New Startups

Yellow accelerator welcomes new startups; Tinder targets Asia expansion; LauncherOne schedules drop test

SoCal Marijuana Companies Plan Public Listings on U.S., Israel Exchanges

KushCo Holdings Inc. and From the Earth are planning to trade publicly.

Arizona Acquisition Adds New Market for EP Wealth Advisors

Torrance-based financial advising firm EP Wealth Advisors is expanding into the Phoenix market with the acquisition of Pathlight Investors.

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Platinum Equity Acquires Label Making Company

Beverly Hills-based Platinum Equity has purchased Cincinnati-based label-making company Multi-Color Corp.

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MedMen Gets $30 Million Bump to Credit Line, Plans More Store Openings

Gotham Green Partners is partnering with Wicklow Capital to extend $30 million in additional credit to MedMen Enterprises Inc. as the company pursues an aggressive growth strategy.

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