Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Poll: Would you license your business name for greater exposure if it meant giving up some quality control?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

Lootsie Raises $3.5 Million

The Culver City startup incentivizes users to engage with an app by awarding points that are redeemed for real-life prizes.

HookLogic Sets Up Santa Monica Office

HookLogic, a New York commerce search advertising company, has established its West Coast office in Santa Monica.

J2 Global Extends Carbonite Offer

Internet software and service provider J2 Global has extended its $415 million bid to acquire backup storage firm Carbonite.

Decision on Fate of Daughters of Charity Sale Delayed

The contentious fight over the fate of six Daughters of Charity hospitals, including two in Los Angeles County, has been extended by another two weeks. The deadline by which Attorney General Kamala Harris must review and approve the sale of Daughters’ medical centers to Prime Healthcare Services has been pushed to Feb. 20.

Stocks Fall

The Dow Jones industrial average fell 291 points in Tuesday trading to close at 17,387. The S&P 500 fell 28 points to 2,030. The Nasdaq fell 90 points to 4,682. The LABJ Stock Index fell one point to 216.

Snapchat Helps Users ‘Discover’ News

Snapchat’s long-rumored Discover feature has been unveiled.

Amgen Beats Estimates

Amgen Inc. reported fourth-quarter and full-year financial results on Tuesday that topped analysts’ estimates as the company reaped the benefits of previously announced layoffs, a tax credit and strong drug sales.

Voice Media Selling OC Weekly, Keeping LA Weekly

Voice Media Group, which publishes LA Weekly, OC Weekly and other alt-weekly properties, hired Santa Fe, N.M., investment bank Dirks Van Essen & Murray to “explore new strategies,” including the sale or acquisition of its publications, the company announced Tuesday afternoon.

Injunction Seeks to Block L.A. From Implementing Hotel Wage Law

Two trade groups representing large hotels in Los Angeles announced they have filed for a preliminary injunction to block the city from implementing its hotel wage hike until their lawsuit against the city is resolved.

Nova Lifestyle Assembles Bigger Ikea Deal

Commerce furniture designer and manufacturer Nova LifeStyle Inc. says it will expand the number of products it sells to Swedish retail giant Ikea Group.

Mattel Falls on CEO Resignation, Sales Estimates

Mattel Inc. shares dropped 5 percent Monday after the El Segundo toy maker announced that Bryan Stockton resigned as chairman and chief executive, and that early estimates of recent quarterly sales and net income fell off sharply from last year.

Jakks Scores Deal to Make “Halo” Toys

Malibu toymaker Jakks Pacific Inc. announced today that it has secured a licensing deal to make toys and costumes based on the Microsoft Studios video game “Halo.”

Fullscreen Establishes Sales HQ with Hires

Multichannel network and digital media company Fullscreen has established its sales headquarters in its New York office with two executive hires there.

Stocks Rise

The Dow Jones industrial average rose six points in Monday trading to close at 17,679. The S&P 500 rose five points to 2,057. The Nasdaq rose 14 points to 4,772. The LABJ Stock Index rose one point to 218.

California Resources Drops Massive Carson Oil Drilling Plan

California Resources Corp. announced Monday that it has dropped plans for a major drilling project in Carson because of low oil prices.

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Fullscreen Forms Feature Film Division

The Culver City multichannel network and digital media company today said it would launch a division to develop and produce original feature-length movies using its online talent base.

Joe’s Jeans Sheds CEO, Chairman Steps In on Interim Basis

Commerce jeans maker Joe’s Jeans Inc. announced today that Marc Crossman had resigned as president and chief executive and would become a consultant to the company.

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L.A. Launch List: Jan. 23

On this week's Launch List: $5 Wi-Fi, another valet app and funny weather.

City National, Medbox Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ Index rose less than 1 percent to close at 217, with gainers outpacing losers 80 to 72. Seven companies closed the week unchanged.