Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

SpaceX Planning Mars Mission by 2018

Space Exploration Technologies Corp. announced on Twitter that it is planning to send a spaceship to Mars by 2018.

Amazon Studios Is Working on Virtual Reality Content

Amazon.com Inc. is said to be meeting with companies that produce virtual reality content.

Snapchat Backs ‘Ballot Selfies’

Snapchat is wading into the legal battle over whether “ballot selfies” – photos of ballots cast on election days – are a constitutionally protected form of free speech.

Tom Gores Wants to Own MLS Team

Billionaire Platinum Equity founder Tom Gores is looking to expand his sports holdings in Detroit.

Stocks Mixed

The Dow Jones industrial average rose 13 points in Tuesday trading to close at 17,990. The S&P 500 rose 4 points to 2,092. The Nasdaq fell 8 points to 4,888. The LABJ stock index stayed flat at 234.

Snapchat Files Legal Brief Supporting 'Ballot Selfies'

Snapchat is wading into the legal battle over whether “ballot selfies” – photos of ballots cast on election days – are a constitutionally protected form of free speech.

Lionsgate Signs Distribution Deal with Video Game Platform

Lions Gate Entertainment Inc. has signed a deal to distribute its movie library on video game platform Steam.

L.A. Tech Calendar: April 25 to May 8

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

Patch of Land Names New CEO

Real estate crowdfunding site Patch of Land has hired Paul Deitch as chief executive.

Faraday to Lend Factory to China’s LeEco

Faraday Future will lend its Las Vegas electric car factory to Chinese carmaker LeEco.

Gannett Bids for Parent Company of L.A. Times

The publisher of USA Today is making a play for the Los Angeles Times as the struggling newspaper industry feels the crunch to consolidate.

Ares Closes $7.85 Billion Private Equity Fund

Century City private equity and debt giant Ares Management announced Monday it had raised $7.85 billion for its fifth global flexible capital private equity fund, Ares Corporate Opportunities Fund V.

Stocks Fall

The Dow Jones industrial average fell 27 points in Monday trading to close at 17,977. The S&P 500 fell 4 points to 2,088. The Nasdaq fell 10 points to 4,896. The LABJ stock index rose 1 points to 234.

Inglewood Real Estate Gets NFL Boost

With a new NFL stadium heading to Inglewood in 2019, demand for real estate there is already heating up.

Prince Movie Returning To Theaters

Prince movie “Purple Rain” is being re-released following the pop star’s sudden death. More than 150 theaters across the country will screen the film over the next week, including at least seven in Los Angeles County.

What to Watch This Weekend

Our preview of the new film releases focusing on the business aspects of each plot.

PE Roundup: Private Equity Deals and Funds Announced This Week

Century City investment firm Kayne Anderson Capital Advisors announced Thursday that its partnership with Tulsa, Okla. oil and gas company Casillas Petroleum Corp. has paid $106 million for certain oil and gas assets, including an interest in 260 producing wells owned by Oklahoma City’s Chesapeake Energy Corp. in the South Central Oklahoma Oil Province play.

Movers

California Resources Corp., an oil and gas exploration and production company, was one of the week’s leading gainers. Shares rose 52 percent to close at $2.26 a share on Friday. Virtual Piggy, Inc. was also a big gainer this week. Shares for the ecommerce payment company for kids rose nearly 32 percent to close the week at $0.11. Crowdgather, Inc., an owner and operator of digital assets in the consumer and cannabis sectors was among the week’s losing stocks. Shares fell nearly 26 percent to close at $0.02 a share.

Silicon Beach Deal Flow: April 22

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

Silicon Beach Launch List: April 22

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