Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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Seriously Raises $18 Million for Best Fiends Franchise

Mobile games may be played on small screens, but to be viable businesses they require big money.

IPC Healthcare Purchased for $1.6 Billion

IPC Healthcare has agreed to be acquired by Team Health Holdings Inc. for $1.6 billion in cash, the companies announced Tuesday.

Ares-Owned Neiman Marcus Going Public

Century City private equity and debt giant Ares Management could be in line for another big payday.

Earnings Rundown: Activision Beat Estimates, Feature Films Lift Disney, DreamWorks Loss Widens

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.

Survey: Confidence Cools Among California CEOs

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 Acquires PKF Canada

CBRE Group Inc. announced Tuesday it had acquired PKF Consulting Inc.’s Canadian operations, known as PKF Canada, for an undisclosed sum.

YouTube Series Makes Jump to Print

Switching up the standard media life cycle, a hit YouTube series is about to spawn its own print magazine.

Stocks Fall; IPC Soars, VCA Sinks

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.

Hubbard Radio Takes 30 Percent Stake in Podcast Network

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 to Anchor Playa Vista’s Runway

Cedars-Sinai will be checking into three floors of medical office space above the new Runway retail center in Playa Vista.

Stocks Fall; InterGroup Corp. Rises, BreitBurn Energy Partners Sinks

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.

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Beverly Hills Office Trades at Premium Price

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.

CIT-OneWest Deal Closes

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.

L.A. Launch List: August 1

A weekly roundup of L.A. tech company and product launches.

Nova Lifestyle, Skechers Among This Week’s Movers

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.

Stocks Fall

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.

Friday Rundown: What to Watch this Weekend

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, Operator of L.A. Hospitals, in Talks to Merge

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.