Los Angeles Business Journal


Green Dot, MRV Communications Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was flat for the week. The weighted LABJ index held steady at 235, with losers outpacing gainers 87 to 58. Thirteen companies closed the week unchanged.

Friday Rundown: Disney Settles ‘Frozen’ Suit, Soon-Shiong’s Conkwest Raises $71 Million

Walt Disney Co. has settled a lawsuit alleging copyright infringement involving the trailer for its 2013 animated hit “Frozen.”

Stocks Mixed

The Dow Jones industrial average rose 57 points in Friday trading to close at 17,947. The S&P 500 fell one point to 2,102. The Nasdaq fell 32 points to 5,081. The LABJ Stock Index was flat at 235.

L.A. Tech Deal Flow: June 26

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

PE Roundup: Private Equity Deals Announced This Week

Santa Monica firm Clearlake Capital Group announced Tuesday that one of its portfolio companies, Chicago legal outsourcing firm Inventus Solutions Inc., has acquired Kooby, a London software development firm that focuses on e-discovery. Terms were not disclosed.

Alibaba Signs Pasadena Lease

Chinese e-commerce giant Alibaba Group is coming to Los Angeles.

Feds Step in To Halt Bahia Emerald Transfer

The years-long saga of Bahia emerald, the world’s largest, took another dramatic turn Thursday when a federal judge in Washington, D.C., approved a request from the Department of Justice preventing anyone from removing the gem from the Los Angeles Sheriff’s Department, where it has been housed in an undisclosed location since 2008.

Tease photo

Virgin Galactic Signs Contract to Launch Satellites

Outer space could soon get a little more crowded.

Bikeshare Coming in 2016

Bikesharing might finally be coming to Los Angeles.

Second Sight Medical Products Names New CEO

Second Sight Medical Products Inc. has appointed Will McGuire to become the company’s new chief executive starting Aug. 18.

Thursday Rundown: Pot Finance Firm Makes Acquisition, Disney Box Office Tops $1 Billion

Hollywood marijuana industry finance firm Kind Financial announced Thursday that it had agreed to acquire the assets of Agrisoft Development Group, a Kansas City, Mo., company that has developed a software suite designed for the marijuana industry and its – umm – unique compliance requirements.

Tease photo

Work/Life Balance: Gina Raphael

The philanthropist, marketing executive and owner of Mickey Fine Pharmacies on maintaining balance, motherhood and the Sabbath.

Gina Raphael is president of Siren Marketing and co-owns the eight-location Mickey Fine Pharmacies chain with her husband, Jeffrey Gross.

Stocks Fall; Qualstar Rises, Spark Networks Fizzles

The Dow Jones industrial average fell 76 points in Thursday trading to close at 17,890. The S&P 500 fell six points to 2,102. The Nasdaq fell 10 points to 5,112. The LABJ Stock Index was flat at 235.

Tweets of the Week

Caruso says sweat the details, uBeam’s Meredith Perry moves fast.

Tease photo

IAC to IPO Tinder Parent Match Group

Dating app Tinder is headed for an IPO.

Tease photo

New Matter’s 3-D Printers Start Shipping

Consumer 3-D printing companies have struggled lately to balance consumer expectations and price, but New Matter thinks it has found the sweet spot.

In Push for Millennials, Cornerstone Licenses TED Content

Cornerstone OnDemand wants to give its customers ideas worth spreading.

Trucking Groups Take Issue With Port Inspection Program

Reviving a dispute that played a role in the recently settled fight between port operators and longshore workers, two groups representing trucking companies now claim a program under which truck trailers used to haul containers are inspected by the dockworkers’ union violates federal law.

Coffee Bean Opens 1,000th Store at New HQ

Make that coffee extra large: L.A. chain Coffee Bean & Tea Leaf, which started with a single Brentwood store in 1963, is now opening its 1,000th location.

Non-Profit Minimum Wage Exemption Moves Forward

A Los Angeles City Council committee recommended on Tuesday giving exemptions from the city’s new minimum wage ordinance to certain non-profit organizations.