LA BUSINESS JOURNAL DAILY NEWS

L.A. Small Business Owners More Confident in Economy than National Average

Professionals finding gigs in the L.A. metro area through local services website Thumbtack said they have more confidence in their business and the economy in the near future than the nationwide average, according to a study released Wednesday by the San Francisco company.

Los Angeles County Votes to Seize South L.A. Property

Los Angeles County has taken steps to seize a blighted lot in South Los Angeles for development against the objection of a property owner planning to build an entertainment village.

CMA CGM Completes Port of L.A. Terminal Sale for $875 Million

French shipping line CMA CGM has completed the sale of Global Gateway South, the third largest terminal at the Port of Los Angeles for $875 million.

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Silicon Beach Report Dec. 6: CrossCut Ventures Raises $125 Million

CrossCut Ventures raises $125 million, Prevoty secures $13 million in Series B round led by Trident Capital Cybersecurity and would Disney, with control of Hulu and Fox Studios, have formula for a Netflix killer?

L.A. City Council Passes Commercial Cannabis Regulations

The Los Angeles City Council passed three ordinances Wednesday that will regulate the licensing and operation of cannabis businesses, effective immediately pending the Mayor’s signature.

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UCLA Anderson Study Projects Short-Term Economic Growth, Uncertain Future

California is poised for an economic growth spurt next year that will likely peter out as a federal tax bill slows housing construction and rising housing costs make it harder for employers to recruit qualified workers, according to a UCLA economic forecast released Wednesday.

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LA Weekly Sponsors, Advertisers Pull Out Amid Boycott Campaign

In the wake of last week’s mass layoffs at LA Weekly by its new owner, a boycott campaign spreading over social media has businesses pulling ads and removing themselves from the sponsor list for an upcoming LA Weekly event.

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Crime Suspect Identification Firm Announces Partnership with Rite Aid

Valencia-based Captis Intelligence, a company that claims its software helps identify crime suspects, announced a national partnership with Rite Aid Corp. today. The one-year deal covers all Rite Aid’s 4,621 stores across the country, Dario Brebic, president of Captis told the Business Journal.

Silicon Beach Report Dec. 5: Hyperloop One Co-Executive Chairman Shervin Pishevar Takes Leave of Absence

Hyperloop One Co-Executive Chairman Shervin Pishevar takes leave of absence, Ziff Davis to close Mashable acquisition for $50 million and lay off 50 people and Relativity Space aims to 3-D print entire launch vehicles.

$51 Million in Refinancing for Two L.A. Apartment Buildings

El Segundo mortgage company Venture West Funding Inc. announced Tuesday it arranged nearly $51 million in loans to refinance two newly-constructed apartment buildings totaling 120 units.

Air China to Launch LAX-Shenzhen Direct Route

Air China announced Monday a new route between Los Angeles International Airport and Shenzhen, China.

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Soon-Shiong’s NantHealth Inc. to Support UCSF Breast Cancer Study

NantHealth Inc. will support University of California San Francisco breast cancer research, the company announced Monday.

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Silicon Beach Report Dec. 4: Boring Co. Reveals Proposed Map of Tunnel Under Los Angeles

Boring Co. reveals proposed map of tunnel under Los Angeles; Falcon Heavy to carry a Tesla Roadster for maiden launch; and IMDbPro launches iPhone app for entertainment industry professionals.

L.A. Times Newsroom Takes Next Step to Unionize

The Los Angeles Times editorial staff has taken the next step in its plan to unionize.

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Report: L.A. County Sheds 3,000 Aerospace Jobs Between 2014 and 2016

Aerospace employment in Los Angeles County dropped by 3,000 jobs, or about 6 percent, to 51,000 between 2014 and 2016, according to a report released Monday from the Los Angeles County Economic Development Corp.

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Toyota to Build Renewable Energy Plant at Port of Long Beach

Toyota Motor North America Inc. announced Thursday that it will build its first large-scale natural gas-powered plant to help support its operations at the Port of Long Beach.

Silicon Beach Report Dec. 1: Faraday Future’s Chief Designer, Richard Kim, Resigns

Early executive and chief designer at Faraday Future, Richard Kim, resigns; Disney sues Redbox over movie download codes; and Tinder’s artificial intelligence feature suggests who to ‘Super Like.’

Intrepid Advises RSI on $1.1 Billion Sale to American Woodmark

Intrepid Investment Bankers of Brentwood helped broker a $1.1 billion dollar deal on behalf of client RSI Home Products Inc., the firm said Friday.

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L.A. Transportation Officials Hope to Fast Track Projects for 2028 Summer Olympic Games

L.A. County transportation officials unveiled Thursday a plan to fast-track eight transportation projects to bring them to completion by the 2028 Summer Olympic and Paralympic Games.

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New President, Head Physician for City of Hope Med Center

City of Hope National Medical Center appointed this week cancer researcher Dr. Michael A. Caligiuri as president and head physician.

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