LA BUSINESS JOURNAL DAILY NEWS

Forecast Sees Modest Growth in County's Economy

Los Angeles County’s economy will continue to see modest growth in 2020, according to a forecast from the Los Angeles County Economic Development Corp.

FDA Gives Kite Cellular Drug Therapy Fast Track Designation

The FDA must decide within six months whether to approve the drug, known as KTE-X19

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Torrance Industrial Property Sells for $21.5 Million

IDI Logistics bought the property.

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Canoo Partners with Hyundai

Torrance-based Canoo will partner with Hyundai Motor Group to develop an electric vehicle platform for Hyundai and Kia models based on its designs.

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GumGum Gains $22 Million

Artificial intelligence and advertising firm GumGum raised a $22 million Series D funding round from existing investors.

Creative Industries Account for 16% of Jobs in LA County: Report

The annual Otis Report on the Creative Economy from Otis College of Art and Design said that creative industries are responsible for more than 16% of jobs in Los Angeles County.

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Music Center Announces $3 Million in New Contributions

The Music Center has announced nearly $3 million in new contributions from multiple donors.

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Santa Fe Springs Shopping Center Sells for $32 Million

The shopping center was about 80% leased at the time of the sale

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Hanson Bridgett Adds Attorneys

Group joins from Lewis Brisbois

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Arbor Buys Hotel Portfolio

Sale includes properties in Arcadia

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Arrowhead announces 'promising' clinical trial results

Arrowhead Pharmaceuticals Inc. announced Feb. 5 that it had achieved “promising” interim results from early clinical trials for two of its drugs

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HopSkipDrive Raises $22 Million

HopSkipDrive, a rideshare service for children, raised a $22 million funding round.

ManifestSeven Continues Northern California Expansion

Commerce-based cannabis business ManifestSeven has acquired cannabis delivery service People’s Kush.

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AllVoices Harassment Reporting App Raises $3 Million

AllVoices, an app that enables employees to anonymously report harassment and other workplace issues, raised $3 million in seed funding.

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LA County Construction Employment Expected to Grow 6% Over Next 5 Years

The construction sector in Los Angeles County will add nearly 9,500 jobs over the next five years for a growth rate of 6%, according to a new forecast.

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MedMen CEO Bierman Steps Down

Adam Bierman will step down in February from the cannabis company he helped establish in 2010.

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Randy Freer to Depart as Hulu CEO

Hulu Chief Executive Randy Freer will step down from his post amid a restructuring of the organization, which was acquired by the Walt Disney Co.

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Caltech Wins $1.1 Billion Patent Verdict Against Apple, Broadcom

Caltech won a $1.1 billion verdict against Apple and Broadcom for allegedly infringing on the Pasadena university's wireless technology patents.

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BYD to Build Rancho Dominguez Plant

EV maker BYD Motors will construct a 50,000-square-foot facility in Rancho Dominguez to house its electric forklifts.

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Whip Media Raises $50 Million

Multimedia analysis firm and TV Time parent company Whip Networks Inc. raised a $50 million Series D.

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