Los Angeles Business Journal


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Fandango Moving to Larger Headquarters in Beverly Hills

Fandango is making moves to bulk up. The online movie-ticket seller just signed a lease for a new space in Beverly Hills that is about twice the size of its current headquarters in West L.A.

Silicon Beach Report Dec. 21: Snap Opens China Office

Snap Inc. opens China office, Walt Disney to produce content for Snapchat, and TaskUs hires 5,700 employees in 2016.

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Aecom Joint Venture Team Wins San Onofre Decommissioning Project

A joint venture team including L.A.’s Aecom Technology Corp. has been awarded a contract for part of the decommissioning process of the shuttered San Onofre nuclear generating station in northern San Diego County.

Drug Maker Puma Biotechnology Inc. Moves Stock Listing to Nasdaq

Puma Biotechnology Inc. announced Tuesday that the company would move its stock listing from the New York Stock Exchange to the Nasdaq effective Jan., 3.

Silicon Beach Report Dec. 20: Walt Disney Merges Maker with Competing Department

Walt Disney merges Maker with competing department, Snap Inc. acquires ad tech firm, Faraday Future attacks journalists on Twitter, and more.

Walt Disney Merges Maker with Competing Department

Walt Disney Co. has swept its subsidiary Maker Studios into a new area within its digital consumer products and interactive media division.

Hotel Happy Rivals Checking in to Hollywood

Some new competitors are coming to the neighborhood of the W Hollywood, but the hotel’s general manager is welcoming them, their restaurants, and shops with open arms.

Hanjin Shipping Inks Deal to Sell Port of Long Beach Terminal

Hanjin Shipping Co. has signed a contract to sell its stake in the largest terminal at the Port of Long Beach to Mediterranean Shipping Co. A South Korean court announced the sale Tuesday, the Yonhap News Agency and the Wall Street Journal reported.

Silicon Beach Report Dec. 19: Rubicon Project Tests Tool to Block, Snooze, or Like Ads

Rubicon Project tests tool to block, snooze, or like ads, Snapchat gives celebrities no special treatment, and Elon Musk proposes a tunneling company.

Rubicon Project Tests Tool to Block, Snooze, or Like Ads

Fatigue from relentless targeted online advertising has spurred a growing share of internet users to download ad blockers – browser extensions that remove digital ads from websites. In fact, more than one in four U.S. internet users removed digital ads from Web pages with an ad blocker this year, according to a report by eMarketer.

Fred Segal Inks Lease for Sunset Strip

High-end retailer Fred Segal has signed a lease for 22,000 square feet in a new residential building on the Sunset Strip, bringing an iconic fashion name to a part of West Hollywood better known for its clubs and nightlife.

Movers for Week Ending December 16, 2016

West Los Angeles intellectual property licensing firm Marathon Patent Group Inc. was the week’s big winner, gaining 13 percent to close at $1.74. Following closely behind was Santa Monica cancer treatment research firm Kite Pharma Inc., which gained 12.8 percent to close at $51.76. The week’s biggest laggard was Nova Lifestyle Inc. The Commerce-based furniture maker’s stock price was down 15.2 percent to close at $1.96.

Silicon Beach Report Dec. 16: Riot Signs $300M Internet Broadcasting Deal for ‘League of Legends’

Riot Signs $300 million internet broadcasting deal for ‘League of Legends,’ Soylent powder goes back on sale just in time for Christmas, and Activision’s Call of Duty tops sales charts.

L.A. Unemployment Rate Stays at 5.1 Percent Even as County Adds 22,000 Jobs

L.A. County’s unemployment rate remained unchanged at 5.1 percent in November even as 22,000 jobs were added to employer payrolls in the county, state figures released Friday show.

Panda Express Imports Japanese Barbecue to Hacienda Heights

The parent corporation of the Chinese fast-food chain Panda Express opened the first international branch of sit-down Taiwanese restaurant YakiYan in Hacienda Heights this week.

Housing Moratorium Initiative Could Cost City 12,000 Jobs a Year and Thousands of Housing Units

If Measure S, the so-called “Neighborhood Integrity Initiative” establishing a two-year moratorium and other limits on major housing projects in Los Angeles were to pass in March, it would cost the city 12,000 jobs a year and deprive the city of thousands of additional housing units, according to a study released Thursday from initiative opponents.

Silicon Beach Report Dec. 15: Faraday Future's Troubles Mount Ahead of CES Unveiling

Faraday Future’s unpaid bills are piling up and spurring lawsuits, Chinese firm eyes acquisition of Flipagram, GumGum launches TV signage valuation tool, and more.

Fortress Investment Group Sells Revolution Studios

Fortress Investment Group of Century City is selling Santa Monica-based Revolution Studios Distribution Co. two years after it acquired the production studio for a reported $250 million.

John Aaroe Group Merging with San Francisco Real Estate Brokerage

Beverly Hills-based John Aaroe Group is merging with San Francisco’s Pacific Union International Inc., the ninth-largest real estate brokerage in the United States by sales volume, the companies announced Wednesday.

Silicon Beach Report Dec. 14: Rubicon Project and Clear Channel Launch Programmatic Billboard Network

Rubicon Project and Clear Channel launch programmatic billboard network, Elon Musk to advise President-Elect Donald Trump, and Wevr launches paid subscription for virtual reality apps.