Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Apollo Global Wins Auction for Classic Party Rentals

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 Misses Expectations

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 Buys Verizon Unit

Jacobs Engineering Group Inc. on Tuesday said it will acquire Federal Network Systems from Verizon Communications.

Markets Gain

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.

OpenX Partners With YP Brand

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.

CIM Buying Farmers Insurance Complex

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

L.A. Airport Board Recommends Palmdale Lease

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.

Markets Gain

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.

Enplug Nabs $2.5 Million in Seed Funding

Social media display maker Enplug has received $2.5 million in seed funding from a slew of venture capital funds and private investors.

Amgen Drug Wins Fast-Track Status

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.

Zefr Hires Two New Ad Execs

Online video advertising service Zefr has hired two new executives to lead its media sales division.

L.A. Employers Added 19,000 Jobs in March

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 Reports Surprise Loss

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.

Illinois Officials Investigating Herbalife

The Illinois Attorney General’s Office on Thursday said that it is investigating allegations that Herbalife is running a pyramid scheme.

Shareholders of Texas Bank Approve Hanmi Merger

Hanmi Financial Corp. on Thursday said that shareholders of Central Bancorp Inc. have approved a merger with Hanmi.

L.A. Port Traffic Rises

Traffic at the Port of Los Angeles surged 34 percent in March compared with the same month last year.

Jakks Among Week’s Biggest Movers

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.

Dow and S&P Decline; Nasdaq and LABJ Gain

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.

Poll: What’s Your Opinion of Mandating Employers to Give Sick Days?

READER POLL

The Los Angeles Business Journal has posted a new weekly poll for readers on issues in the news.

Digital Publisher Woven Acquires News Site Uproxx

Culver City digital publisher Woven Digital has purchased Miami entertainment and news website Uproxx, further expanding its offerings aimed at young males.