LA FINANCE

Baby Food Company Gobbles Up $4.1 Million in Venture Funding

Organic baby-food startup Caer Inc., which does business as Yumi, announced a $4.1 million seed round last week, taking money from a mix of angel investors and venture capital outfits.

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Scopely Raises $60 Million

Mobile game producer and distributer Scopely has closed a $60 million Series C funding round led by former AOL executives at Washington, D.C.-based Revolution Growth, according to a press release filed Wednesday.

Movers for Week Ending June 9, 2017

Arts District-based Social Reality Inc. was the week’s biggest gainer, jumping 16.4 percent to close at $1.43. Santa Monica’s Kite Pharma Inc. was close behind, adding 16.3 percent to close at $87.79. The week’s biggest laggard was Fulgent Genetics Inc. of Temple City, which dropped 20.3 percent to close at $4.94.

Entertainment Takes Lead Role in CEO Pay

COMPENSATION: Disney’s Robert Iger at top despite dip.

The entertainment sector made a big production out of exec pay last year, with Disney’s Robert Iger and Activision’s Robert Kotick leading the CEO list.

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Movers for Week Ending June 2, 2017

Patrick Soon-Shiong’s Culver City-based NantHealth Inc. was this week’s biggest mover, gaining 13 percent to end at $3.48. Apollo Medical Holdings was also among the week’s biggest movers. The health care company gained 12.82 percent to end at $10.99. Internet advertising and marketing technology company Social Reality Inc. was this week’s biggest loser, dropping 17.45 percent to end at $1.23.

Hotel Partnership Makes Some Room for Investor

SALE: New York billionaire pays $100 million to buy out a co-owner in Sunset Tower.

The storied Sunset Tower Hotel in West Hollywood has a new partial owner.

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Four Seasons Residences Begins Construction with $239 Million Loan

Construction began this week on Four Seasons Residences, 58 ultra-luxury condominiums and townhouses on the outskirts of Beverly Hills, after developer Genton Property Group raised $239 million for the project.

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Movers for Week Ending May 26, 2017

Los Angeles-based Puma Biotechnology Inc. was this week’s biggest mover, gaining 110.98 percent to end at $79.75. Clothing brand Guess? Inc. was also among the week’s biggest movers. The Los Angeles clothing brand and retailer gained 18.60 percent to end at $11.67. Calabasas-based software solutions company NetSol Technologies Inc. was this week’s biggest loser, dropping 13.33 percent to end at $3.90.

Brentwood Associates On Target for $1.1 Billion Fund

Private equity firm Brentwood Associates has raised $984 million of a targeted $1.1 billion fund, according to documents filed with the Securities and Exchange Commission last week.

Brentwood Associates On Target for $1.1B Fund

Firm continues busy acquisitions run, but sees personnel turnover.

Private equity firm Brentwood Associates has raised $984 million of a targeted $1.1 billion fund, according to documents filed with the Securities and Exchange Commission last week.

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L.A. Unemployment Rate Falls to New Low of 4.5 Percent as Job Growth Weakens

L.A. County’s unemployment rate fell to another new low of 4.5 percent in April, but in a sign that the local economy is close to full employment, employers in the county reversed their hiring trends and shed a net 7,000 jobs last month, state figures released Friday show.

Movers for Week Ending May 19, 2017

Glendale-based Apollo Medical Holdings Inc. was this week's biggest mover, gaining 137.5 percent to end at $9.50. Los Angeles-based Cadiz Inc. was also among the week’s biggest movers. The water supply company gained 68 percent to end at $15.65. Internet advertising and marketing technology company Social Reality Inc. was this week’s biggest loser, dropping 74.4 percent to end at $1.60.

Orbiting Stars

INVESTMENT: Celeb clients can be tough acts to manage.

Wealth managers for entertainment industry clients say their oversight role can wax and wane.

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Report: New York City Tops L.A. in Creative Jobs

While California leads the nation in creative jobs, according to a new report from Westchester’s Otis College of Art and Design, Los Angeles trails New York as the city with most jobs in the sector.

L.A. Council Passes $9.2 Billion Budget

The Los Angeles City Council on Thursday unanimously passed a $9.2 billion budget for the 2017-18 fiscal year beginning July 1, a 5 percent increase over the current fiscal year, and nearly $500 million more than what Mayor Eric Garcetti proposed last month.