LA BUSINESS JOURNAL DAILY NEWS
Report: UCLA, Cedars-Sinai Hospitals Among Top Nationally
Two Los Angeles medical centers were ranked among the top dozen hospitals in the nation, making the honor roll of best U.S. hospitals, according to a U.S. News & World Report scorecard.
DoubleTree Near LAX Sold for $54.1 million
The 216-room DoubleTree by Hilton Hotel LAX in El Segundo was recently sold for almost $54.1 million, or $110,500 per room, according to CoStar data.
Silicon Beach Report Aug. 14: L.A.’s MarketCast Acquires Fizziology
L.A.’s MarketCast acquires Fizziology, SpaceX launches Falcon 9 rocket with heavy load of scientific experiments, Snapchat debuts Crowd Surf, a video-stitching feature.
Meal Kit Service Chef’d Raises $25 Million from Smithfield Foods Inc.
El Segundo-based meal kit delivery service Chef’d has raised $25 million from Smithfield, Va., pork producer Smithfield Foods Inc., the investor announced Monday.
L.A.’s MarketCast Acquires Fizziology
Mid-Wilshire data analytics and marketing research services provider MarketCast has acquired data analytics company Fizziology, headquartered in Indianapolis. Terms of the deal were not disclosed.
German Grocer Aldi Partners with Instacart to Offer Delivery in Los Angeles
German discount grocer Aldi Inc. announced Monday that it plans to debut a grocery delivery service through Instacart in Los Angeles, Dallas and Atlanta later this month. Aldi, which mainly sells products with its own label, has almost 1,700 stores in 35 states, according to a press release. About 15 of its stores are in L.A. County.
Silicon Beach Report Aug. 11: Snap Confirms Acquisition of Zeny for $213 Million
Snap confirms acquisition of Zeny for $213 million, Google's diversity controversy mocked in street art near its Venice office and Third Point sells all Snap shares.
Cargo Volumes Hit Records at Long Beach, Los Angeles Ports
The ports of Los Angeles and Long Beach, which together make up the nation’s largest port complex, set new records in cargo movement last month.
YogaWorks’ Stock Plummets in Public Debut
YogaWorks Inc.’s second attempt at an initial public offering was a go Friday, but despite an aggressive repricing, the company’s stock did a good downward dog impression.
Movers for Week Ending August 11, 2017
Pasadena-based Green Dot Corporation was this week’s biggest mover. The issuer of prepaid MasterCard and Visa cards gained 13.13 percent to end at $44.88. Los Angeles-based Kite Pharma Inc. was also among this week’s biggest movers. The clinical-stage biopharmaceutical company rose 6.63 percent to end at $120.04.Valencia-based Wesco Aircraft Holdings Inc. was this week’s biggest loser, dropping 27.75 percent to end at $7.55.
L.A. City Council Authorizes Signing of 2028 Summer Olympic Games Contract
The Los Angeles City Council on Friday unanimously authorized the city’s Olympic bid committee to sign a contract with the International Olympic Committee to host the 2028 Summer Olympic and Paralympic Games.
Patrick Soon-Shiong’s NantHealth to Lay Off 300 Employees, Sell Health Care Software
NantHealth Inc. announced plans Thursday to lay off about 300 of its staff and sell its provider and patient messaging platform to Allscripts in a move that it expects to save the company more than $70 million annually, according to a filing with the Securities and Exchange Commission.
DineEquity Inc. to Close More Than 100 Applebee’s Restaurants
Glendale-based restaurant company DineEquity Inc. has revised its expectations for its Applebee’s Neighborhood Bar & Grill concept, saying during its second-quarter earnings call Thursday that it expects between 105 and 135 locations to close this year.
Aquatic Farm Flexes Mussels Offshore
FOOD: Catalina Sea Ranch takes crack at shellfish sales.
Catalina Sea Ranch looks to plumb the depths of consumer demand for shellfish.
Arts District’s Growth Prospects May Lead South
Industrial properties below Seventh Street appear ripe for conversion, exec says.
Ask Cushman & Wakefield’s Arts District specialist Jae Yoo where the boundaries of the neighborhood are going to expand and he’ll point south of Seventh Street.
Development Victory in Malibu After Supreme Court Declines Appeal Hearing
The state Supreme Court has decided not to take up an appeal of a lower court ruling that Malibu can’t limit chain stores or force major development projects to be put to a vote of the people.
Long Beach Airport Passenger Traffic Surged in First Half of 2017
Long Beach Airport passenger traffic surged 25 percent in June and 47 percent for the first half of the year, airport officials announced Thursday.
DineEquity Inc. Hires New Chief Executive as Sales Decline Continues
News of continued sales declines at DineEquity Inc.’s restaurants was sweetened with the company’s announcement of a new chief executive and a third-quarter stock dividend during its second-quarter earnings call Thursday.
Silicon Beach Report Aug. 10: Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street
Snap Inc.’s slow second-quarter growth disappoints Wall Street, Los Angeles Rams Owner Stan Kroenke buys e-sports team and DUI-test maker Ocular Data Systems funded by Pasadena Angels.
Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street
The price of Snap Inc. shares fell as much as 15 percent to $11.69 a share in after-hours trading on Thursday, reflecting investor disappointment in Snapchat’s parent company following a second-quarter earnings report showed slow user and revenue growth.
