LA BUSINESS JOURNAL DAILY NEWS

Grammy Awards Return to Staples Center in 2019

The Grammy Awards are coming back to Los Angeles in 2019 after next year’s ceremony in New York, the Recording Academy announced Wednesday.

LAX Passenger Traffic Jumps 5.6 Percent in May to 7.2 Million

Los Angeles International Airport’s passenger traffic surged 5.6 percent in May, despite the largest series of airline terminal relocations in U.S. history.

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Silicon Beach Report June 27: Maersk Halts Operations at Port of Los Angeles After Cyberattack

Maersk halts operations at Port of Los Angeles after cyberattack, Belkin starts selling backpacks and messenger bags and Snapchat pitches advertisers on advantages of Snapchat’s smaller audience.

L.A. City Council Approves Construction of Lucas Museum at Exposition Park

The Los Angeles City Council on Tuesday unanimously approved the construction of the $1 billion Lucas Museum of Narrative Art in Exposition Park.

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Maersk Halts Operations at Port of Los Angeles After Cyberattack

Shipping giant A.P. Moller-Maersk shut down its operations at the Port of Los Angeles’ largest terminal Tuesday morning after a cyberattack hobbled its computer systems worldwide.

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YogaWorks Prepping $75 Million Initial Public Offering

YogaWorks Inc. is preparing for a $74.8 million initial public offering, according to documents filed Friday with the Securities and Exchange Commission.

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PermaCity Completes World’s Largest Solar Rooftop Project

L.A. solar developer PermaCity Inc. has completed the world’s most powerful solar rooftop generating project in San Pedro, company and L.A. city officials announced Monday while touring the facility.

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Los Angeles Fines Carl’s Jr. Restaurants $1.45 Million for Minimum Wage Violations

The city of L.A.’s Office of Wage Standards has ordered Carpinteria-based fast food company Carl’s Jr. Restaurants to pay $1.45 million in restitution and fines for minimum wage violations at seven of its L.A. corporate-owned restaurants.

Silicon Beach Report June 26: Sean Parker Leaves Spotify Board

Sean Parker leaves Spotify board, Leaf Group added to Russell 2000 Small-Cap Index, and Instagram Stories’ daily active users rise to 250 million, and more.

L.A. Vehicle Donation Charity Ordered to Shut Down After Alleged False Advertising

Los Angeles vehicle donation charity People’s Choice Charity has been ordered to shut down and pay at least $30,000 in penalties, California Attorney General Xavier Becerra and Los Angeles County District Attorney Jackie Lacey announced Monday.

Port Truckers Strike Winds Down with Little Cargo Impact

This week’s strike by close to 100 truck drivers and warehouse workers at the Los Angeles and Long Beach ports was expected to end Friday with little effect on cargo movement, port officials said.

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Movers for Week Ending June 23, 2017

Clinical diagnostic sequencing company Fulgent Genetics Inc. was this week’s biggest mover, gaining 32.63 percent to end at $6.95. Patrick Soon-Shiong’s Culver City-based NantHealth Inc. was also among the week’s biggest movers. The health care company gained 28.29 percent to end at $4.58. Oil and gas exploration and production company California Resources Corporation was this week’s biggest loser, dropping 10.91 percent to end at $9.23.

City Shuts Down Boyle Heights Company After Trash Pile Burned for Six Weeks

The city of Los Angeles is moving to shut down a Boyle Heights construction and demolition debris company after a giant mound of trash onsite caught fire and smoldered for six weeks last fall, City Attorney Mike Feuer announced Friday.

Patrick Soon-Shiong Pulls Out of Phoenix Biomedical Complex Plan

Biotech billionaire Patrick Soon-Shiong’s plan to build a 7-acre biomedical complex in Phoenix in partnership with the city and Arizona State University is not moving forward, according to local media.

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Silicon Beach Report June 22: VR Playhouse Launches Virtual Reality Training Program

VR Playhouse launches virtual reality training program, USC to lead quantum computing project and sneaker marketplace Goat hires former Twitter executive.

Metro Board Approves $1.4 Billion Budget for 11.5-Mile Extension of Foothill Gold Line Light Rail to Claremont

The Los Angeles County Metropolitan Transportation Authority board of directors on Thursday approved a $1.4 billion budget and related partnership agreements for an 11.5-mile extension of the Foothill Gold Line light rail route from Glendora to Claremont.

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UCLA, Miller Children’s Hospitals Partner to Expand Child Health Services

UCLA Mattel Children’s Hospital and Miller Children’s and Women’s Hospital Long Beach announced the formation of a strategic alliance on Thursday.

VR Playhouse Launches Virtual Reality Training Program

Glassell Park-based boutique studio VR Playhouse has launched an educational program meant to attract students, artists, developers and directors to the virtual reality industry, according to a company statement.

Appeals Court Upholds Ruling Overturning Malibu Measure Limiting Chain Stores

A state appeals court has upheld a lower court’s ruling that Malibu can’t limit chain stores or force major projects to be put to a vote of the people.

Koreatown Apartments Sell for $10.5 Million, Slated for Demolition

A Woodland Hills-based real estate investor has purchased five apartment buildings in Koreatown for $10.5 million with plans to tear down the properties, according to CBRE, which represented the seller.

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