Los Angeles

BlackBerry to sell off majority of its real estate holdings in Canada

Smartphone pioneer BlackBerry Ltd announced its intention to divest most of its real estate holdings in Canada through sale-leaseback and vacant asset sales in an effort to turnaround its fortunes.

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US startup BEZALEL raising funds through crowdfunding for ARK portable wireless charger

Los Angeles, US-based startup BEZALEL launched a crowdfunding campaign via Kickstarter to raise $35,000 for the development a portable wireless charger for smart devices called ARK.

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Chinese developer Oceanwide to buy Los Angeles property for $200M

China's Oceanwide Real Estate Group will acquire a sprawling parking lot in downtown Los Angeles for $200 million to develop a five-star hotel, apartments and retail spaces.

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Leonardo DiCaprio invests in Monaco's Formula E team

Hollywood actor Leonardo DiCaprio has invested an undisclosed amount in Monaco-based electric car startup Venturi Automobiles and co-founded a new electric racing team which will compete in the Formula E series next September.

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LA files case against Bank of America for discrimination

Los Angeles has filed a case against Bank of America for discriminatory mortgage lending among the minority communities in the city, Reuters reported citing a court filing.

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US web app Swarm Mobile bags USD3.5 million to track shoppers in brick and mortar stores

San Francisco-based web app Swarm Mobile raised around USD3.5 million to develop technology that can track in-store shoppers through their smartphones to help physical stores compete with e-commerce retailers.

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Ninja Metrics nabs USD2.8 million for predictive analytics business

Los Angeles-based startup Ninja Metrics raised USD2.8 million today from Tech Coast Angels and Harvard Business School to launch its predictive analytics tool Katana Analytics Engine.

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China's BYD says it will hire more US workers in LA plant

Chinese carmaker BYD Co Lt said it would hire more local workers for its California plant after being accused of breaking US labor rules.

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LAX shooter had suicide in mind - NJ Police Chief

New Jersey Police Chief Allen Cummings in an interview with Associated Press, said family members received text messages on suicide from Paul Ciancia, the LAX shooter.

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CBS blocks Time Warner cable's customers' access to online shows

CBS blocked the access of Time Warner cable's customers to online shows after the cable operator dropped it from its network.

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Brian Wilson to join the Dodgers

The LA Dodgers will acquire Brian Wilson for US$1 million.

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Los Angeles public schools sign US$30 million-worth deal with Apple

Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal.

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Transom Capital Groups buys protective gear manufacturer

Transom Capital Group acquired One Industries, a protective gear producer based in San Diego.

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Hancock Park Associates and Next Point Capital acquires Sheffield Manufacturing

Hancock Park Associates and Next Point Capital bought Sheffield Manufacturing, a company focused in the aerospace industry.

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