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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
AeroVironment’s Quarter Disappoints
Hurt by delays in orders for its military drone aircraft, AeroVironment Inc. reported lower-than-expected net income for the fiscal third quarter and provided a more cautious full-year outlook.
Poll: Will Planned City Cutbacks Will Make It Tougher To Do Business?
Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. Easy access to the poll is available from links on the left column of the home page. A new poll is now online.
Reed’s Buys Soda Competitor
Los Angeles gourmet soda maker Reed's Inc. said it planned to acquire Seattle competitor Jones Soda Inc. for about $9.8 million in cash and stock.
Colony Offers Helping Hand to Leibovitz
Colony Capital LLC has entered into a long-term agreement with Annie Leibovitz to help the celebrity photographer manage her debt and stay out of bankruptcy.
Saehan Gets Cash Infusion
The Koreatown parent of Saehan Bank, ordered by regulators to shore up its capital levels amid substantial loan losses, has privately negotiated a $60.6 million common stock sale to a group of investors.
Korn/Ferry Swings to Profit
Despite a continued slow pace in hiring in the overall economy, staffing company Korn/Ferry International said it moved to a profit in its fiscal third quarter on higher revenue.
DirecTV Issues New Debt
Satellite TV provider DirecTV Inc. has priced about $2.98 billion in new debt that it plans to use for general corporate purposes, share repurchasing and possible repayment of some earlier debt.
Northrop Drops Out of Tanker Competition
Northrop Grumman Corp. said it will not compete for the U.S. Air Force's multibillion-dollar aerial tanker contract.
Northrop Gets More Federal Records Work
Northrop Grumman Corp. said it was awarded a follow-on contract, valued at up to $100 million, from the U.S. Office of Personnel Management to electronically convert and store federal employee records.
Median Home Price Falls Two Months in a Row
The median sales price for homes in L.A. County fell for the second straight month in February.
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