LA BUSINESS JOURNAL DAILY NEWS
Classic Party Rentals on Tuesday said that a bid by affiliates of Apollo Global Management beat out an offer by creditors to take over the company.
Amgen Inc. on Tuesday reported a lower-than-expected first quarter profit, but said it plans to submit its experimental cholesterol drug for approval by the end of the year.
Jacobs Engineering Group Inc. on Tuesday said it will acquire Federal Network Systems from Verizon Communications.
In Tuesday trading, the Dow Jones industrial average closed up 65 points to 16,514. The Nasdaq rose 40 points to 4,161 The S&P 500 rose 8 points to 1,880. The LABJ Stock Index rose 1 point to 189.
Pasadena ad exchange firm OpenX has partnered with YP Intellectual Properties, operator of the Yellow Pages brand, to bring programmatic display advertising to the localized online and mobile directory service.
Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.
The Los Angeles Board of Airport Commissioners recommended approval on Monday of a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.
In Monday trading, the Dow Jones industrial average closed up 41 points to 16,449. The Nasdaq rose 26 points to 4,122. The S&P 500 rose 7 points to 1,872. The LABJ Stock Index rose 1 point to 188.
Social media display maker Enplug has received $2.5 million in seed funding from a slew of venture capital funds and private investors.
The U.S. Food and Drug Administration has granted fast-track designation for ivabradine, a heart drug licensed for sale by Amgen Inc. in Thousand Oaks.
Online video advertising service Zefr has hired two new executives to lead its media sales division.
Employers in Los Angeles County added nearly 19,000 jobs in March, led by a rebound in local government services, according to state figures released Friday.
Mattel Inc. on Thursday reported its first quarterly loss in five years, blaming it on weaker Barbie sales and excess inventory marked down due to a lackluster holiday season.
The Illinois Attorney General’s Office on Thursday said that it is investigating allegations that Herbalife is running a pyramid scheme.
Hanmi Financial Corp. on Thursday said that shareholders of Central Bancorp Inc. have approved a merger with Hanmi.
Traffic at the Port of Los Angeles surged 34 percent in March compared with the same month last year.
The Los Angeles Business Journal’s index of largest local public companies made gains at the end of a shortened trading week on Thursday, ahead of the markets’ close on Good Friday.
In Thursday trading, the Dow Jones industrial average closed down 16 points to 16,409. The Nasdaq was rose 9 points to 4,095. The S&P 500 fell 3 points to 1,865. The LABJ Stock Index rose 1 point to 187.
The Los Angeles Business Journal has posted a new weekly poll for readers on issues in the news.
Culver City digital publisher Woven Digital has purchased Miami entertainment and news website Uproxx, further expanding its offerings aimed at young males.