Santa Monica-based toymaker Jakks Pacific Inc. announced Dec. 28 that its chief financial officer was stepping down.
LeEco founder's assets seized as China pursues absent web mogul; Snapchat developing ‘Stories Everywhere’ outside the app; and TaskUs grows to more than 8,000 employees.
On Wednesday, global asset management company TCW announced that Nippon Life Insurance acquired a 24.75 percent minority stake in the company. Nippon Life Insurance, a Japanese private life insurance company with $6.2 billion in profits, acquired its stake in TCW from the Carlyle Group (NASDAQ: CG), another minority owner of TCW.
Gary Canter, co-owner and grandson of the founder of famed Fairfax eatery Canter’s Deli, died late Tuesday at age 58, according to statements from the restaurant and family released Wednesday on Twitter and Facebook.
The Library of Congress will stop archiving all public tweets; LG is working with a mapping provider to create products for self-driving vehicles; and Amazon released details from the recent holiday shopping season.
The Information Services Department at Children's Hospital Los Angeles was ranked among the best in the country, by Healthcare IT News, which publishes an annual list of the Best Hospital IT Departments in the U.S.
The owners of downtown textile company Pacific Eurotex Corp. plead guilty to federal money laundering and tax charges Friday.
A SpaceX launch of 10 Iridium satellites from Vandenberg Air Force Base lit up the Los Angeles sky on Dec. 22; WhatsApp is ending support for BlackBerry and Windows Phone 8.0 at the end of the year; and Fair.com is acquiring Uber’s Xchange Leasing and picking up 150 employees.
Olive Hill Group LLC paid $117 million – $1,047 per square foot – for 520 Broadway, a six-story, 113,000-square-foot office building located in downtown Santa Monica.
L.A. County’s unemployment rate fell to 4.5 percent in November and employer payrolls hit a record 4.5 million as retailers and other employers bulked up staff for the holiday season, state figures released Friday show.
Arrowhead Pharmaceuticals Inc., which develops drugs to treat stubborn diseases by silencing the genes that cause them, reported it has filed for federal clearance to conduct to clinical studies of drugs aimed to treat liver disease and hepatitis B.
CNN cancels Snapchat show due to unclear path to profit; FabFitFun expands distribution with app for Apple TV and Amazon Fire; and Facebook and Universal Music strike multi-year licensing deal.
Silicon Beach Report Dec. 21: Northrop Grumman and Lockheed Martin Win Swarming Cruise Missile Development Contract
Northrop Grumman and Lockheed Martin win swarming cruise missile development contract; GumGum to exceed $100 million in revenue in 2017; and founder of Timehop left Snap after less than a year.
Boston-based private equity firm TA Associates has sold an eight-story, 89,000-square-foot office building at 898 N. Sepulveda Blvd. in El Segundo for $35.5 million, according to broker Newmark Knight Frank.
Hawthorne’s renaissance continues unabated as the home to Elon Musk’s SpaceX saw eight industrial properties sold to Terreno Realty Corp. for $27.6 million.
REIT Douglas Emmett Inc. paid $143.6 million – $981 per square foot – for 9401 Wilshire Blvd, a 146,000-square-foot office building in the city’s Golden Triangle area.
Doctor’s paychecks across Los Angeles County swelled on average 13 percent this year, more than twice the national average, according to a national research study released this week, while job growth lagged far behind major U.S. cities.
Universal Music Group (UMG), headquartered in Santa Monica, has entered a global, multi-year agreement with Facebook under which UMG becomes the first major music company to license its recorded music and publishing catalogs for video and other social experiences across Facebook, Instagram and Oculus.
El Segundo toy company Mattel Inc. permanently laid off 70 employees earlier this month, according to a WARN notice filed with the California Employment Development Department.
HappyReturns raises $8 million, Elon Musk accidentally posts phone number to Twitter; and Faraday Future’s Jia Yueting to become CEO and finds new financing.