LA BUSINESS JOURNAL DAILY NEWS

Disney Shares Surge on Streaming Launch Announcement

Shares in Walt Disney Co. surged Friday a day after the company announced the start date of its new streaming service and its future streaming plans.

Fraud Charges Filed Against Former Woodbridge Executives

The Securities and Exchange Commission announced Friday fraud charges in the investigation of a Ponzi scheme run by the now-defunct real estate investment firm Woodbridge Group of Cos. in Sherman Oaks.

Long Beach Commercial Property Sells for $29M

Fort Ashford Funds purchased a building with a Vons in Long Beach for $29 million, records show.

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Silicon Beach Report April 12: Sellbrite Acquired by GoDaddy

SpaceIL awarded $1 million Moonshot prize; Disney outlines subscription plan costs; GoDaddy scoops up Sellbrite

Butterfly Buys Bolthouse Farms From Campbell's for $510M

Butterfly Equity acquired Bolthouse Farms, best known for its refrigerated juices, from Campbell Soup Company for $510 million, the Beverly Hills-based firm announced on April 12.

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Private Equity Firms Platinum, Gores Group, Sell Data Blue to Court Square Capital Partners

Beverly Hills-based private equity firms Platinum Equity and the Gores Group agreed to sell Data Blue, an Atlanta-based provider of information technology services, to Court Square Capital Partners.

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$62.9M for San Pedro Residential Complex

The 216-unit Park Western Estates in San Pedro sold for $62.9 million, Berkadia announced April 11.

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Silicon Beach Report April 11: SpaceIL’s Lunar Lander Lost

Lunar lander lost by SpaceIL; EVGo constructing battery storage; Wag to lay off 54

Imports Tick Up Despite Decline in Chinese Shipments

Imports into the San Pedro Bay rose slightly in March compared to the previous year, even as the nation saw fewer shipments come in from its largest trading partner, China.

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Wag Lays Off 54 in West Hollywood

Wag Labs Inc. will lay off 54 employees at its West Hollywood headquarters effective June 3, its second round of layoffs in less than six months.

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Tongal Appoints Co-Founder as New Chief Executive

Santa Monica-based Tongal Inc. has named James DeJulio, one of the company’s co-founders, to a new role as chief executive.

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Molina Healthcare to Lay Off 75 Workers in Latest Round

Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off 75 more workers during a wave of reductions that appears related to the offshore outsourcing of its IT services.

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Silicon Beach Report April 10: May Joins Stamps.com Board

FLIR invests in DroneBase; Falcon Heavy taking off tonight; Stamps.com adds Katie May to board

ManifestSeven Merges With P&P Ventures, Moves Closer to Public Listing

Commerce-based ManifestSeven, formerly known as MJIC Inc., a cannabis logistics company building a network of distribution hubs in California, has agreed to merge with a unit of P&P Ventures Inc.

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Staar Surgical Moves HQ to Orange County

Staar Surgical Co., a publicly traded pioneer of implantable contact lenses, has moved from its long-time headquarters in Monrovia to Orange County.

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Silicon Beach Report April 9: Coozie Launches, Backed by Science

Pearl Abyss game sales hit $1 billion; Snap redesigns Android app; Science Inc. supports Coozie.

Cedars Adding 30K SF Office Space at Pacific Design Center

Cedars-Sinai has expanded its offices at the Pacific Design Center by 30,000 square feet, according to Cohen Brothers Realty, owner and developer of the three-building complex in West Hollywood.

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Soylent Inks Distribution Deal With Walmart

Retail giant Walmart will distribute meal replacement maker Soylent, giving its Los Angeles downtown parent company, Rosa Foods Inc., a major boost.

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Silicon Beach Report April 8: Critical Role Raises $9M for ‘Dungeons and Dragons’ Content

Critical Role nets $9.1 million for D&D; class action suit filed against Sinemia; GoGuardian selects new CFO.

Inglewood Aerospace Firm Relativity Signs Contract With Telesat

Rocket construction firm Relativity Space Inc. announced a contract with Canadian-based telecommunications firm and satellite operator Telesat to launch satellites into orbit on Telesat’s Terran 1 rocket.

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