Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Silicon Beach Report Jan. 11: SpaceX Explains Plans to Land Three Boosters at Once

SpaceX explains plans to land three boosters at once, inside LA 2024’s social media strategy for winning the Olympics, and Global Eagle fully rents out a satellite.

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2016 Container Traffic Up at Port of Los Angeles, Down at Port of Long Beach

For 2016, it was a tale of two ports when it comes to container cargo traffic. Last year, the Port of Los Angeles logged record container levels, with nearly 8.9 million container units passing through the port, up 8.5 percent over 2015 and eclipsing the 2006 record of nearly 8.5 million container units.

L.A. “Crushes” Tourism Records in 2016 With 47 Million Visitors

Universal Studios Hollywood is L.A.’s most popular tourist destination. So it seems only fitting that Los Angeles Mayor Eric Garcetti and other city and entertainment officials chose Universal as the site for today’s announcement of 2016 as a record year for Los Angeles tourism.

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George Lucas Selects Los Angeles for Museum of Narrative Art

Los Angeles has won the battle to become home to filmmaker George Lucas’s $1 billion art museum.

Silicon Beach Report Jan. 10: Snap Inc. Places International Headquarters in London

Snap Inc. places international headquarters in London, Lionsgate invests in e-sports team Immortals, and crowd-finance startup MobileCause raises $15 million.

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Canadian Clothier Wins $88 Million Bid for American Apparel

The Canadian clothing manufacturer which put in a stalking horse bid for American Apparel has won the bankruptcy auction, the buyer announced today.

Councilmembers Propose Partial Ban on Campaign Contributions from Developers

A group of L.A. city councilmembers on Tuesday proposed banning contributions to council campaigns from developers with projects currently or recently before the city.

DreamWorks Animation to Hire New CEO

DreamWorks Animation is getting a new chief. Chris DeFaria, president of animation and technical innovation at Warner Bros. Pictures, is expected to be named DreamWorks chief executive, the Hollywood Reporter said Tuesday.

Mars Offers $9.1 Billion for West L.A. Veterinary Chain VCA

VCA Inc., the West Los Angeles-based chain of veterinary clinics received a buyout offer Monday from Mars Inc. valued at $9.1 billion, according to the companies.

Silicon Beach Report Jan. 9: Court Approves British Company’s Bid for Bankrupt Nasty Gal

Court approves British company’s bid for bankrupt Nasty Gal, SpaceX delays rocket launch one week, telemedicine platform SnapMD raises $3.25 Series A extension, and more.

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LA 2024 Summer Olympics Would Generate $11 Billion in Local Economic Impact

If the 2024 Summer Olympic Games were held in Los Angeles, it would generate $11 billion in local economic impact, according to a study released Monday by the LA 2024 Olympic Organizing Committee.

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Court Approves British Company’s Bid for Bankrupt Nasty Gal

The U.S. Bankruptcy Court of the Central District of California approved a $20 million stalking horse bid by British e-commerce clothing company Boohoo.com to buy the intellectual property and customer databases of clothing company Nasty Gal on Jan. 6.

Netflix Nabs New Space in Hollywood

Netflix Inc. just put another spotlight on its Hollywood real estate romance. The video streaming company has signed a deal for the full five floors at Cue office building, bringing its total Hollywood footprint to more than 500,000 square feet.

Pasadena Development Site Sells for $16.6 Million

Pasadena has again proved itself a prime target for multifamily developers. A 1.27-acre site on South Lake Avenue near Caltech sold last month for $16.55 million, said listing broker Laurie Lustig-Bower, an executive vice president at CBRE, who fielded offers from nearly 20 prospective buyers over just a couple of months.

Silicon Beach Report Jan. 6: Faraday Future Claims Electric Car Has More Than 64,000 Reservations

Faraday Future claims electric car has more than 64,000 reservations, Honest Co. draws boycott for support of Trump’s ‘Apprentice,’ SpaceX wins several manned space-flight contracts from NASA, and more.

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Amazon and Forever 21 May Place Bids for Bankrupt American Apparel

Amazon.com Inc. and Forever 21 have joined the ranks of suitors interested in acquiring bankrupt clothing company American Apparel, Reuters reported on Jan. 4.

Movers for Week Ending January 6, 2017

Glendale-based Apollo Medical Holdings Inc. was the week’s biggest gainer jumping 33.3 percent to close the week at $10. Arrowhead Pharmaceuticals Inc. also posted big gains. The Pasadena biotech firm ticked up 26.4 percent to close at $1.96. Downtown advertising firm Social Reality Inc. was the week’s biggest loser, dropping 18.6 percent to close at $5.

Faraday Future Claims Electric Car Has More Than 64,000 Reservations

Faraday Future said that 64,124 reservations were placed for its FF 91 electric SUV within 36 hours of the vehicle’s unveiling at the Consumer Electronics Show in Las Vegas.

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PAGE 3: Choi Left With Bad Taste

There are many ways restaurateurs respond to bad reviews. Some ignore, some strike back against the reviewer. And some, such as Roy Choi, view them as a challenge.

Silicon Beach Report Jan. 5: Imax to Launch VR Arcade in Los Angeles

Imax to launch VR arcade in Los Angeles, former Snapchat executive alleges app misrepresented growth numbers, and Hulu to add CBS to live streaming service.