Los Angeles Business Journal


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Tweet of the Day: Minecraft's Markus Persson

Swedish billionaire and co-founder of video game Minecraft Markus Persson is bored, on a plane and taking joke submissions.

L.A. Tech Event Calendar: Aug. 31 – Sept. 13

Roundup of L.A. tech events in the next two weeks.

Silicon Beach Deal Flow: Aug. 28

A weekly roundup of must-read L.A. tech investments and acquisitions.

Silicon Beach Launch List: Aug. 28

A weekly roundup of L.A. tech company and product launches.

Facebook Yields to Criticism, Will Enhance Content ID System

After taking criticism for its lack of a system to track copyright violations on its site, Facebook has announced a new video content identification program.

BreitBurn Energy Partners, TrueCar Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly after a volatile week. The weighted LABJ index was up 1 percent to close at 224, with gainers outpacing losers 79 to 75. Four companies closed the week unchanged.

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Work/Life: Mark Baer

The family law attorney and mediator on the importance of showing compassion, taking time to unwind and giving his work his all.

Mark Baer’s parents divorced when he was a child, an experience that initially made him want to avoid the field of family law, which often deals with separations and divorce.

Activision to Join S&P 500

Santa Monica video game company Activision Blizzard Inc. will join the S&P 500 after the close of trading Friday, becoming the second video game publisher to join the benchmark index.

Markets Mixed

The Dow Jones industrial average fell 12 points in Friday trading to close at 16,643. The S&P 500 rose one point to 1,989. The Nasdaq rose 16 points to 4,828. The LABJ Stock Index rose one point to 224.

Foreign Fliers Fuel LAX

International travel to Los Angeles continues to drive traffic at Los Angeles International Airport, which saw a double-digit surge in the number of international travelers last month.

PE Roundup: Private Equity Deals Announced This Week

Beverly Hills firm Levine Leichtman Capital Partners announced Monday that it has completed the acquisition of short line railroad firm Regional Rail in Kennett Square, Pa., alongside the company’s management. Terms were not disclosed.

What to Watch this Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.

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Scopely Launches ‘Walking Dead’ Mobile Game

Culver City’s Scopely has launched its mobile game based on the popular “Walking Dead” zombie comic book series that inspired two top-rated television shows.

C.R. Laurence Acquired in $1.3 Billion Deal

Vernon glass industry supplier C.R. Laurence Co. Inc. announced Thursday that it will be acquired by Oldcastle BuildingEnvelope, a subsidiary of Irish building products giant CRH Group, for $1.3 billion in cash, subject to regulatory approval.

Port Terminals to Require Reservations for Cargo Pickups

Trying to cut congestion at local port terminals, 10 terminal operators plan to require truckers to make reservations to pick up shipping containers from the docks.

Dole Execs Liable for $148 Million in Buyout Suit

David Murdock, chief executive of Dole Food Co., and a former Dole executive were ordered to pay $148 million to shareholders Thursday after a Delaware judge ruled they rigged the 2013 deal through which Murdock took the company private.

Cornerstone’s Venture Arm Invests in Four Startups

Santa Monica human resource software company Cornerstone OnDemand has made its first investments out of its venture arm, the Innovation Fund.

Stocks Rise; TrueCar Climbs, Ritter Pharmaceuticals Sinks

The Dow Jones industrial average rose 369 points in Thursday trading to close at 16,655, it’s second day of big gains following a week of declines. The S&P 500 rose 47 points to 1,988. The Nasdaq rose 115 points to 4,813. The LABJ Stock Index rose five points to 223.

Holy Hill Church Site Sells to Palisades Capital

One of the last large land parcels near downtown Los Angeles, a 5.3-acre plot that was owned by a Korean Presbyterian church, has sold to Palisades Capital Partners.

Wednesday Rundown: CBRE Gets $80 Million for Burbank Office Buildings, Guess Sinks on Slipping Sales

A two-property office building portfolio off the 5 Freeway in Burbank has traded hands for more than $80 million. The buildings, at 2400 and 2350 Empire Ave., total nearly 230,000 square feet and are fully leased.