Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Silicon Beach Roundup June 23: Flipagram Users Rise to 200 Million

Flipagram tops 200 million users, Upfront names new partner, and Stamps.com buys ShippingEasy for $55 million.

City Planning Commission Approves Limits on Short-Term Rentals

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.

L.A. Metro Board Approves Half-Cent Sales Tax Increase

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.

Stocks Continue to Rise

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.

Silicon Beach Roundup June 22: FAA Announces Drone Filming Rules

FAA announces drone filming rules, Tetra Tech wins $45 million contract, Ad Hoc Labs launches anti-date bot, and more.

Tetra Tech Receives $45M Contract From National Guard Bureau

Pasadena-based Tetra Tech Inc. announced Wednesday that it received a $45 million contract from the National Guard Bureau.

L.A. Officials Take Steps to Help Businesses in City

L.A. city officials on Wednesday took several steps to help small businesses and manufacturers.

Stocks Fall

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 Opens Manufacturing Plant in El Segundo

Kite Pharma Inc., a clinical-stage biopharmaceutical company, opened a new industrial manufacturing plant in El Segundo on Monday.

Silicon Beach Roundup June 21: Hyperloop One Explores System in Moscow

Hyperloop One explores system in Moscow, OpenX adds Culver City office, OSI Systems makes $269 million acquisition, and more.

OSI Systems Inc. to Buy American Science & Engineering for $269M

Hawthorne-based OSI Systems Inc. announced Tuesday its decision to acquire American Science & Engineering Inc. (AS&E) for $37 per share, constituting a $269 million cash deal.

L.A. Affordable Housing Initiative Placed on November Ballot

The Los Angeles City Council on Tuesday formally placed a labor-backed affordable housing measure on the November ballot.

Trader Joe’s Settles Over Emissions

Popular grocery store chain Trader Joe’s Co. has agreed to spend an estimated $2 million over the next three years to reduce greenhouse gas emissions from refrigeration equipment at 453 of its stores, according to a court settlement reached Tuesday.

Stocks Rise

The Dow Jones industrial average rose 25 points on Tuesday to close at 17,830. The S&P 500 rose 6 points to 2,089. The Nasdaq rose 7 points to 4,844. The LABJ stock index fell one point to 227.

READER POLL: Do you have any interest in exploring the L.A. river?

READER POLL: Do you have any interest in exploring the L.A. river?

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Silicon Beach Afternoon Report June 20: Snapchat Expands Advertising

Snapchat expands advertising, Mashable acquires Cinefix, Clearlake Capital buys Vision Solutions, and more.

City Attorney Files Charges Over Illegal Hotels

Los Angeles City Attorney Mike Feuer has filed charges against the owners of four properties for allegedly operating apartment buildings as short-term rentals or full-service hotels.

Obama Awards $70M to LA-based Manufacturing Institute

The U.S. Department of Energy has awarded the Smart Manufacturing Leadership Coalition, co-founded by University of California, Los Angeles, $70 million to build a hub for a new L.A.-based manufacturing institute.

Jacobs Engineering Moving Headquarters, 111 Jobs to Dallas

Jacobs Engineering Group Inc. will move its headquarters from Pasadena to Dallas by the end of 2019 and cut its local staff by more than a third, according to an agenda posted online by the Dallas City Council.