Los Angeles Business Journal

Matt is a finance reporter covering venture capital and private equity.

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Niche Focus

INVESTMENT: VentureOut looks to back LGBT entrepreneurs but some investors may question breadth of opportunity.

VentureOut sees an untapped niche in LGBT entrepreneurs.

Drink Maker’s Shares Bubble Up on Wall Street

BEVERAGES: Reed’s stock reverses course on basis of strong second quarter.

Investors see soft-drink maker Reed’s glass as half-full after strong second quarter.

Public Utilities Commission Fines Edison $24.5 Million

The California Public Utilities Commission announced Thursday that it has fined utility giant Southern California Edison $24.5 million for violations involving two 2011 incidents that left three people dead and more than 400,000 without power for as long as eight days.

Ares Management Reports Rise in Net Income

Century City private equity firm Ares Management reported strong second-quarter growth in profits and managed assets on Wednesday.

Newegg Expands in Asia and Europe

Online electronics seller Newegg.com Inc. announced Tuesday that its e-commerce website is now accessible to shoppers in India, Ireland, Singapore, New Zealand, Poland and the Netherlands.

Demand Acquires Saatchi Art, Names New CEO

Santa Monica digital media company Demand Media announced Monday that it bought online art gallery Saatchi Art for $17 million in cash and stock. Demand also hired Saatchi Chief Executive Sean Moriarty for the same position at Demand.

Financial Firms Fill Up on Hunger for Food Sector

INVESTMENT: Creo eyes IPO for bundled businesses while Trinity serves up deals.

Creo Capital and Trinity Capital look to feast on investor appetite for food businesses.

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Nut Shop Still Buttering Up Customers

Magee’s merchant touts family’s history at farmers market.

Customers still shell out for peanut butter from Magee’s House of Nuts at the Original Farmers Market.

Tourism in Las Vegas Has Ticket Dealer Sitting Pretty

ENTERTAINMENT: Tix’s shares also receive boost as legal troubles fade.

Spike in Las Vegas tourism has Wall Street betting on ticket company Tix Corp.

Vance Street Buys Irish Aviation Firm

West L.A. private equity firm Vance Street Capital announced Wednesday that it had bought aviation coating company Eirtech Aviation in Shannon, Ireland. Vance plans to combine the new business with two existing portfolio companies to create a major international player in aircraft painting and interior care. Terms of the deal were not disclosed.

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