LA BUSINESS JOURNAL DAILY NEWS

MedMen to Lay Off Nearly 200, Sets Restructuring Plan

Cannabis retailer MedMen Enterprises Inc. will lay off more than 190 employees and restructure its business assets in a bid to achieve a positive balance sheet.

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Immortals Gaming Club Sells Overwatch League Team

Esports organization Immortals Gaming Club finalized the sale of an esports team to Naples, Fla.-based Beasley Broadcast Group Inc. on Nov. 15.

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Unemployment Holds Steady in LA County for October

L.A. County’s unemployment rate was unchanged in October as the education sector led a broad hiring surge.

Paramount Posts Profit Turnaround

Paramount Pictures reported its first fiscal full-year profit since 2015.

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El Segundo Project Gets $55 Million Loan

A 206,000-square-foot office and retail property in El Segundo has received a $55 million non-recourse debt to refinance the property.

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FanAI Raises $8 Million Series A

Esports analytics and marketing firm FanAI Inc. raised a $8 million Series A round Nov. 14.

Super League Gaming Posts Jump in Third-Quarter Revenue

Santa Monica-based Super League Gaming Inc. reported a third-quarter revenue increase of 129% year over year to $350,000.

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Southern California Edison to Pay $360 Million to Settle Wildfire Claims

Southern California Edison, the utility subsidiary of Rosemead-based Edison International, agreed to pay $360 million to settle wildfire and mudslide claims from 23 public agencies.

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BYD Sells 130 Electric Buses to LADOT

BYD Motors will deliver 130 electric buses to the L.A. Department of Transportation, the company's largest order yet.

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L.A. Philharmonic Takes Over Operation of Ford Theatres

The Los Angeles Philharmonic Association will take over operation of the John Anson Ford Amphitheatre Complex effective Dec. 1.

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Snap Rolls Out New Spectacles

Snap Inc. releases the newest version of Spectacles, its camera- and video-capable glasses

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'Babylon,' 'Little Shop of Horrors' Remake Among Recipients for State Film Tax Credit

Thirteen films, including the big-budget feature “Babylon” and a remake of “Little Shop of Horrors," received tax credits from the state, according to the California Film Commission.

Macy’s Redevelopment Gets $120 Million Financing

GPI Cos. closed on $120 million in construction financing for West End

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Office Conversion Planned for Former Westside Pavilion Macy’s

GPI Cos. announced plans for a $180 million redevelopment to turn the former Westside Pavilion Macy’s into office space.

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Pasadena Office Portfolio Sells for $193 Million

Swift Real Estate Partners purchased the Pasadena Collection from an investment manager for $193 million

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Stamps.com Revenue Dips in Third Quarter

El Segundo-based online postage supplier Stamps.com Inc. reported third-quarter revenue of $136.2 million, down 5%.

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Colony Capital Pivots to Digital Real Estate Investments

Downtown-headquartered real estate investment firm Colony Capital Inc. reported net losses of $555 million, or $1.16 per share, in the third quarter and is shifting its strategy.

Activision Exceeds Earnings Expectations

Santa Monica-based Activision Blizzard Inc. reported third-quarter revenue of $1.2 billion.

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Green Dot Reports Third-Quarter Loss

Financial technology company Green Dot Corp. reported a third-quarter loss of $0.5 million, down from a profit of $4.6 million a year earlier.

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Academy Museum of Motion Pictures Announces the Addition of 7 Trustees

Oscar-nominated actress Laura Dern and Academy of Arts and Sciences president and casting director David Rubin are among seven newly appointed trustees.

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