Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

L.A. Angel Investor Named Chair of Troubled Bitcoin Foundation

Los Angeles angel investor Brock Pierce has been named chairman of the Bitcoin Foundation, a Washington, D.C., crypto-currency industry group.

Mattel Partners With Warner Bros.

Following several recently announced new partnerships, El Segundo toy maker Mattel Inc. said it would team up with Warner Bros.’ DC Entertainment and consumer product and animation divisions to launch a product line based on DC Comics’ female super heroes and villains.

Ducommum Lands Multiyear Deal with Rolls-Royce

Carson aerospace manufacturer Ducommun Inc. this week inked a multiyear contract with Britain’s engine maker Rolls Royce to provide systems for use in Boeing Co.’s 787 Dreamliner.

USC Keck to Eliminate 92 Jobs as Expenses Rise

USC Keck School of Medicine said it would eliminate 92 positions across the organization.

Planning Commission OKs Sun Valley Sound Stage Complex

The Los Angeles Planning Commission unanimously recommended on Thursday that a proposed sound stage complex in Sun Valley receive a conditional use permit and required variances from zoning rules.

Skechers and Cheesecake Factory 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 2 percent to close at 234, with winners outpacing gainers 98 to 51. Eight companies closed the week unchanged.

L.A. Launch List: April 24

The Los Angeles Business Journal brings you a weekly roundup of L.A. tech launches. This week's list includes several Apple Watch app launches.

Stocks Rise

The Dow Jones industrial average rose 21 points in Friday trading to close at 18,080. The S&P 500 rose five points to 2,118. The Nasdaq rose 36 points to 5,092. The LABJ Stock Index was flat at 234.

Earnings Roundup: City National, Skechers and Reliance Steel Perform Well

City National Reports Strong Earnings Downtown Los Angeles’ City National Corp., parent of City National Bank, reported first-quarter earnings on April 23 that met analyst expectations.

Disney Pulls Verizon FiOS Ads

Television ads for Verizon’s new pay-TV package service, FiOS Custom TV, have been pulled from Disney-owned channels.

Technicolor, Deluxe Create Joint Venture

Technicolor S.A. and Deluxe Entertainment Services Group Inc. announced Thursday an agreement to create a digital cinema joint venture.

AwesomenessTV Will Launch Channel for Moms

DreamWorks Animation’s AwesomenessTV online teen network will launch a second network later this year aimed at mothers in the millennial generation.

Stocks Rise

The Dow Jones industrial average rose 20 points in Thursday trading to close at 18,059. The S&P 500 rose five points to 2,113. The Nasdaq rose 21 points to 5,056. The LABJ Stock Index rose two points to 234.

Cornerstone OnDemand Expands Board

Cornerstone OnDemand, the Santa Monica cloud-based human resources software company, announced today it is adding an additional seat to its board.

Nurses Authorize Two-Day Strike of Kaiser, Providence

The California Nurses Association is calling on more than 2,400 nurses to strike Providence Health and Services hospitals in Santa Monica and Torrance and at Kaiser Permanente’s Los Angeles Medical Center next week over staffing levels and retention rates.

Ares Chief Antony Ressler to Buy Atlanta Hawks

Antony Ressler, the chief executive of Century City private equity and debt firm Ares Management, has agreed to buy the National Basketball Association’s Atlanta Hawks for about $850 million, sources told ESPN.

Mitch Englander Declares for Antonovich's Seat

Los Angeles City Councilman Mitch Englander announced on Wednesday that he is running for a seat on the Los Angeles County Board of Supervisors.

Gensler to Design Port Research Center

Downtown Los Angeles architecture firm Gensler will design three buildings planned at the 28-acre AltaSea marine research and interpretive center at the Port of Los Angeles.

DirecTV, AT&T Aim to Sweeten Proposed Merger for Regulators

In a quest to make their merger more attractive to the Federal Communications Commission, telecom giant AT&T and El Segundo satellite TV provider DirecTV are stressing to the commission how their combined assets would be beneficial to consumers.

Unified Grocers Sells Insurance Operations

Unified Grocers Inc. in Commerce, the largest wholesale grocery distributor in the Western U.S, announced Wednesday it will sell its Springfield Insurance Co. and Unified Grocers Insurance Services – both of which provide insurance to grocery stores that work with Unified – to New York’s AmTrust Financial Services, Inc.