LA BUSINESS JOURNAL DAILY NEWS

Versus Systems Closes $11 Million IPO

Video game and interactive media prize company Versus Systems Inc. has closed an $11 million initial public offering.

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OpenDrives Raises $20 Million to Grow Data Storage Business

Culver City-based company OpenDrives Inc. has raised $20 million in a Series B funding round led by IAG Capital Partners.

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SpaceX Launches New Batch of Starlink Satellites

Space Exploration Technologies Corp. deployed another 60 satellites into space on Jan. 20 in support of the company’s ambitious Starlink global broadband project.

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Disney Slashes Executive Bonuses

Disney’s theme parks suffered majorly amid the pandemic, losing nearly $7 billion and planning to lay off around 32,000 employees.

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Netflix Tops 200 Million Subscribers

Netflix Inc. reached a new subscription milestone in the fourth quarter as the streaming company topped 200 million paid viewers.

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Paramount+ Sets March Launch Date

ViacomCBS' rebranded streaming platform will roll out in the U.S. and Latin America on March 4.

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Virgin Orbit Conducts First Successful Launch

Virgin Orbit launched its first rocket into orbit, carrying satellites on behalf of NASA.

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Santa Monica Startup Nacelle Pulls in $18 Million

Santa Monica-based startup Nacelle Inc. has raised in $18 million in Series A funding led by Inovia Capital.

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Good City Mentors Gets Backing From Big Businesses

Among the striking photos that documented last year’s protests against police brutality was an Associated Press image of an LAPD patrol car set aflame in Fairfax.

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Green Credits, Incentives Likely to Boost LA Companies

Tax credits and incentives are central pillars of the green energy industry.

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Local EV Companies Expect Jumpstart From Biden Administration

With the inauguration of President-elect Joe Biden days away, local companies are preparing for an array of proposed policy changes.

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Port of LA Rebounds in 2020 After Difficult Stretch

After numerous missed sailings back in March, Gene Seroka said he “never would have imagined” that the Port of L.A. would move 9.2 million TEUs of cargo in 2020.

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LABJ Insider: Biden Goes Green — and LA Businesses Win

There are plenty of questions about how President-elect Joe Biden’s administration will impact companies in Los Angeles, but some answers seem to be emerging as the new president takes office.

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Arts District Site Sells for $91 Million

Prologis Inc. has purchased an 8.29-acre redevelopment site downtown for $91 million.

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Virtual CES Is Light on Reveals

The halls of the Las Vegas Convention Center were empty last week as the annual Consumer Electronics Show carried on in a virtual format.

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LAX Bond Rating Holds Steady for Now

Passenger traffic at Los Angeles International Airport plunged last year because of the pandemic.

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South Bay Village Shopping Center Sells for $40 Million

Charing Cross Partners has purchased South Bay Village, a nearly 108,000-square-foot shopping center in Torrance from Regency Centers Corp. for $39.8 million.

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Brace Raises $15.7M Series B Round for Mortgage Platform

Brace Software Inc., the Santa Monica-based developer of a digital mortgage servicing platform, announced Jan. 12 that it had raised $15.7 million in a Series B funding round.

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Cryptocurrency, Biotech Set the Pace in a Solid Year for LA Stocks

It was a year that will be remembered for a pandemic, an economic downturn and social justice protests, but for many publicly traded companies in Los Angeles, 2020 will also go down as a period of strong gains in the equities markets.

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AECOM Kicks Off 2021 With Move, Key Sale

The new year has been busy for local infrastructure consulting firm AECOM.

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