A Woodland Hills-based liquidation firm is behind the closure of Circuit City's 567 stores, and will lead a group of firms who are operating "goiong out of business" sales at the retailer. Circuit City said Friday that it would close all of its stores across the country, and started liquidation sales this weekend.

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then. Here's the rest. Here’s how to do it.

Woodland Hills-based United Online, which operates the Classmates.com reunion and social networking site, appears to be cutting back staff, according to sources close to the firm. spokesperson for the firm declined to comment on the reports.

Woodland Hills-based ReachLocal , which operates an online marketing service targeted at local businesses, is announcing today that it has purchase the remaining interest in the firm's Australian joint venture partner, Netus Pty Ltd. No financial details of the acquisition were disclosed. READ MORE>>.

Woodland Hills-based FatTail, a developer of software for online advertising management, said today that it has appointed Ali Bohra as Vice President of Product Management. Fattail, which is venture backed by Velocity Interactive Group, Ted Meisel, and others, said that Bohra joins the firm from IAC. READ MORE

Woodland Hills-based CrowdGather , which operates an online network of discussions groups and forums, said today that it is in a definitive agreement to buy the technical assets of Lefora , a firm which operates online user forums. Financial terms of the buy were not disclosed. Financial terms of the deal were not disclosed.

Online social networking site Classmates.com , which is a unit of Woodland Hills-based United Online , has agreed to pay $9.5M in a legal settlement over the firm's use of promotional emails implying that former classmates were looking to contact free members. News of the settlement was first uncovered by TechFlash. READ MORE>>.

Woodland Hills-based ReachLocal 's acquisition of digital presence and reputation management firm SMB:LIVE was worth $8.8M, in a combination of cash and stock. The number had actually been disclosed through an update to the firm's S-1, although the firm did not disclose the numbers in its announcement of the deal. will be in cash.

Woodland Hills-based ReachLocal announced Friday that it has acquired SMB:LIVE , a developer of digital presence and reputation management products for the small and medium sized business market. Financial terms of the acquisition were not disclosed. READ MORE>>.

Woodland Hills-based ReachLocal filed for an IPO this morning, saying that it is looking to raise up to $100M. The firm's IPO is being underwritten by J.P. Morgan, BofA Merrill Lynch, citi, Piper Jaffray, Needham & Company, and Broadpoint.Gleacher. Accoriding to ReachLocal, it had net income of $11.6M READ MORE>>.