LA BUSINESS JOURNAL DAILY NEWS

Silicon Beach Report July 5: Snapchat Lets Users Add Links to Web Content

Snapchat lets users add links to web content, SpaceX launch scrapped twice but scheduled for attempt tonight, and Virgin Galactic aims for commercial flights in 2018, and more.

Patrick Soon-Shiong’s NantWorks Acquires California Hospital Operator

Patrick Soon-Shiong’s Culver City-based NantWorks has acquired a majority stake in Integrity Healthcare, which manages Verity Health System, adding six hospitals in California to its operation.

Prominent L.A. Attorney George Kieffer Elected Chair of UC Board of Regents

George Kieffer, a partner at West L.A.’s Manatt, Phelps & Philips, was elected on Wednesday to serve as chair of the University of California’s Board of Regents for a one year term, making him one of the most powerful education officials in the state.

Denim Maker True Religion Apparel Inc. Files for Bankruptcy Protection

Premium denim-maker True Religion Apparel Inc. filed for Chapter 11 bankruptcy protection Wednesday in U.S. Bankruptcy Court in Delaware.

Los Angeles Times to Stay Put in Historic HQ for Now

The Los Angeles Times has no immediate plans to relocate operations after its historic downtown headquarters was sold nine months ago, despite media reports to the contrary, a spokeswoman for the newspaper said.

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El Segundo Hotels Sold for $97 Million

A pair of hotels in El Segundo near Los Angeles International Airport sold last month to New York’s Blackstone Group for nearly $97 million, public records show.

Silicon Beach Report July 3: Tesloop Ride Sharing Service Expands

Tesloop ride sharing service expands, SpaceX’s Dragon capsule lands on Earth with animals and space station equipment, and Headspace raises $36.7 million.

CMA CGM to Sell 90 Percent Stake in Port of L.A. Terminal for $817 Million

A Swedish investment fund has agreed to acquire the third-largest terminal at L.A.-area ports from French shipping line CMA CGM for $817 million in cash, with plans to invest in equipment and technology upgrades.

Tesloop Ride Sharing Service Expands

Long-haul commuting is better in a Tesla. That’s the theory behind Tesloop of Culver City, a car service which ferries passengers on highway trips between 50 miles and 200 miles around Southern California in Tesla Inc.’s Model X or Model S cars.

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Silicon Beach Report June 30: Jessica Alba’s Honest Co. Settles Fraudulent Labeling Lawsuit for $7.35 Million

Jessica Alba’s Honest Co. settles fraudulent labeling lawsuit for $7.35 million, SpaceX loses U.S. Air Force launch contract to ULA and Boring Co. test tunnel makes progress toward car elevator.

Maersk Reopens Port of L.A. Terminal After Cyberattack

A.P. Moller-Maersk reopened its Port of Los Angeles terminal Friday as the shipping giant restored many of its operations worldwide following a Tuesday cyberattack.

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Jessica Alba’s Honest Co. Settles Fraudulent Labeling Lawsuit for $7.35 Million

Actress Jessica Alba’s Honest Co. has reached a $7.35 million settlement in a marketing fraud lawsuit that alleged the company fraudulently labeled home and personal care products as natural, plant-based or chemical-free.

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Movers for Week Ending June 30, 2017

Monrovia technology company AeroVironment Inc. was this week’s biggest mover, gaining 24 percent to end at $38.20. Portsmouth Square Inc. was also among the week’s biggest movers. The Los Angeles-based property management company rose 12.90 percent to end at $70. Internet advertising and technology company Social Reality Inc. was this week’s biggest loser, dropping 11 percent to end at $1.24.

Silicon Beach Report June 29: Recreational Video Game Competition Super League Gaming Raises $15 Million

Recreational video game competition Super League Gaming raises $15 million, Boring Co. completes test tunnel and Upfront raises $400 million for sixth early-stage fund.

Recreational Video Game Competition Super League Gaming Raises $15 Million

Recreational video game league Super League Gaming announced on Thursday that it raised a $15 million Series C round from investors including Nickelodeon, DMG Entertainment, SoftBank ISAT and Peter Guber’s aXiomatic.

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Judge Dismisses Pulitzer Winner’s Lawsuit Against Los Angeles Times

A judge Wednesday dismissed Pulitzer Prize-winning reporter Jeff Gottlieb’s employment discrimination lawsuit against the Los Angeles Times, according to the newspaper’s attorney.

Pacific Alliance Medical Center to Pay $42 Million Settlement Over Alleged Kickback Scheme

Pacific Alliance Medical Center in Chinatown has agreed to pay $42 million in penalties to settle allegations in a federal whistleblower lawsuit claiming it filed false medical claims in a kickback scheme, the U.S. Justice Department announced Wednesday.

RBB Bancorp Files For $83 Million IPO

RBB Bancorp is preparing for an $82.8 million initial public offering, according to documents filed with the Securities and Exchange Commission Wednesday.

Little Tokyo DoubleTree Sold for $115 Million

The 434-room DoubleTree by Hilton hotel in downtown’s Little Tokyo has been sold for $115 million, or $264,562 a room, according to industry tracker CoStar Group Inc.

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Silicon Beach Report June 28: Mobile Game Developer Wonder Raises $14 Million

Mobile game hardware startup Wonder raises $14 million, SpaceX to launch final Falcon 9 upgrade this year and Snapchat users can create custom filters in the app.