Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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L.A. Launch List: Oct. 17

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.

L.A. Unemployment Dips to 8 Percent

L.A.’s unemployment rate dipped to 8 percent last month as the county gained 28,000 jobs, mostly from teachers returning to schools after summer vacation, according to state figures released Friday.

Port of Los Angeles Has Busiest Month Since 2006

September was the busiest month the Port of Los Angeles has seen since 2006.

L.A. Times Launches Roku Channel

The Los Angeles Times on Thursday launched an Internet-TV channel available on Roku set-top boxes.

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Whisper Denies Storing User Data

Whisper's editor-in-chief is not sitting quietly as the Guardian accuses the startup, which promises user anonymity, of storing user data.

Poll: Oil prices keep dropping, which means gasoline and other fuel prices may decline further. What effect will this have on the economy?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition.

Stocks Mixed

The Dow Jones industrial average fell 25 points in Thursday trading to 16,117. The S&P 500 was flat at 1,863. The Nasdaq rose two points to 4,217. The LABJ Stock Index was flat at 192.

Wilshire Axon Sports Scores $2 Million

Wilshire Axon Sports has raised $2 million in Series A funding to help expand it sales and marketing efforts and further develop its mobile ad platform.

DocMagic Signs Off on Purchase of eSignSystems

DocMagic Inc., a loan document solutions provider, has acquired eSignSystems for $1.2 million in an all-cash deal.

Mattel Sales and Profits Droop

Mattel Inc. remained profitable during the third quarter despite an 8 percent decline in worldwide sales, the company reported Thursday.

Taggler Tags on Angel Investment

Half of USC incubator Startup Garage's first graduating class has announced additional funding.

Wounded Veterans to Test NeuroSigma Device

Less than a week after postponing its initial public offering, West L.A. medical device maker NeuroSigma announced Wednesday that it has entered into a research and development agreement with U.S. Veterans Affairs for a clinical trial.

Warner Bros. to Slash Budget by $200 Million

Warner Bros. Entertainment will cut about $200 million from its budget, its chief executive said Wednesday to investors.

Big Law, Big Lease

While the theme struck in downtown Los Angeles has been that most professional firms are contracting and putting more space back on the market, one firm is bucking the trend.

Stocks Fall

The Dow Jones industrial average fell 173 points Wednesday to close at 16,142. The S&P 500 fell 15 points to 1,862. The Nasdaq fell 12 points to 4,215.

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Work/Life Balance: Frandzel Robins Bloom & Csato Managing Shareholder

Patricia Trendacosta on deciding to succeed, late-night negotiations and cooking for her pets

Patricia Trendacosta is the managing shareholder of the Los Angeles financial services law firm Frandzel Robins Bloom & Csato, a position she has held for 10 years. She’s also general counsel for the Western Independent Bankers Association. Before joining Frandzel, Ms. Trendacosta was vice president and manager of government relations and compliance for Union Bank of California. We spoke to Trendacosta about the sacrifices that came with the decision to pursue a demanding career, and her quirky morning routine.

Disney Accelerator Graduates Reveal Scaled Growth

The first graduating class of Walt Disney Co.’s Disney Accelerator presented on Tuesday, revealing the results of their scaled growth as well as announcing new partnerships and financing. Each of the 10 startups is now working with Disney.

Warner Bros. Joins Group to Invest in Chinese Entertainment

Warner Bros. Entertainment announced on Tuesday that it is creating a partnership to make investments in Chinese and other international film and television content.

Mayor Demands Water Cuts to Fight Drought

Los Angeles Mayor Eric Garcetti today issued a directive that requires a reduction in city agencies’ fresh water use by 20 percent by 2017 and cuts in half the amount of water the Department of Water and Power can import by 2024.

Stocks Mixed

The Dow Jones industrial average fell six points in Tuesday trading to close at 16,315. The S&P 500 rose three points to 1,878. The Nasdaq rose 14 points to 4,227. The LABJ Stock Index was flat at 193.