LA BUSINESS JOURNAL DAILY NEWS
Mobile games may be played on small screens, but to be viable businesses they require big money.
IPC Healthcare has agreed to be acquired by Team Health Holdings Inc. for $1.6 billion in cash, the companies announced Tuesday.
Century City private equity and debt giant Ares Management could be in line for another big payday.
Activision Blizzard Inc., the video game publisher behind the massive Call of Duty and World of Warcraft franchises, beat Wall Street expectations in the second quarter thanks to increasing returns from online gameplay.
Most chief executives in California remain confident the economy will improve over the next six months, though the number of executives with that view has dipped over the past few months, according to a survey released Tuesday by the Young President’s Organization.
CBRE Group Inc. announced Tuesday it had acquired PKF Consulting Inc.’s Canadian operations, known as PKF Canada, for an undisclosed sum.
Switching up the standard media life cycle, a hit YouTube series is about to spawn its own print magazine.
The Dow Jones industrial average fell 48 points in Tuesday trading to close at 17,551. The S&P 500 fell five points to 2,093. The Nasdaq fell 10 points to 5,106. The LABJ Stock Index was flat at 246.
Anxious to snap up the next big thing in audio media, another legacy radio broadcaster has invested in an L.A. podcasting advertising company.
Monday Rundown: Cathay Completes Purchase of New York Lender, Molina Healthcare Makes Deal with Integral Health Plan
Chinatown’s Cathay General Bancorp has completed its purchase of Asia Bancshares Inc. in Flushing, N.Y., expanding the reach of Cathay, L.A.’s oldest Chinese-American bank, in the Big Apple, the bank announced Monday.
Cedars-Sinai will be checking into three floors of medical office space above the new Runway retail center in Playa Vista.
The Dow Jones industrial average fell 92 points in Monday trading to close at 17,598. The S&P 500 fell six points to 2,098. The Nasdaq fell 13 points to 5,115. The LABJ Stock Index was flat at 246.
Have you eaten artificial meat?
Cain Hoy Enterprises, a Greenwich, Conn., private investment firm, shelled out $130 million for the 118,400-square-foot Class A office building at 100 N. Crescent Drive. The seller, New York’s Clarion Partners, purchased the building in 2012 for $80 million, a 63 percent return in three years.
It’s finally a done deal: CIT Group Inc. in Livingston, N.J. announced Monday it has completed its acquisition of Pasadena’s OneWest Bank for about $3.4 billion in cash and stock.
A weekly roundup of L.A. tech company and product launches.
The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 4 percent to close at 246, with gainers outpacing losers 95 to 55. Six companies closed the week unchanged.
The Dow Jones industrial average fell 56 points in Friday trading to close at 17,690. The S&P 500 fell five points to 2,104. The Nasdaq fell one point to 5,128. The LABJ Stock Index rose two points to 246.
For the business professional looking for the perfect movie to watch this weekend, here’s our summary of some latest releases, focusing on the business aspects of each plot.
St. Joseph Health System and Providence Health & Services, which has extensive operations in Los Angeles County, have announced they are planning an affiliation to create a single health care entity. Terms of the pending agreement are still being shaped.