LA BUSINESS JOURNAL DAILY NEWS
Subblime Launches to Help YouTube Stars Monetize
Subblime is a website where YouTube personalities can share lists of their favorite things a la Pinterest.
Los Angeles City Council Approves Plastic Bag Ban
The Los Angeles City Council on Tuesday approved a ban on plastic bags at grocery stores and other retailers that sell perishable food items.
AEG in Joint Venture to Build Las Vegas Arena
Anschutz Entertainment Group has signed a joint venture with MGM Resorts International to develop a $350 million, 20,000-seat arena near the Las Vegas Strip, MGM announced Tuesday.
Staar Receives Two Overseas Approvals for Visian
Shares of Staar Surgical Co. jumped 11 percent on Tuesday after the maker of implantable eye lenses said it had received regulatory approval to sell a product in Korea and Argentina.
Mattel to Expand Licensing Deals
Mattel Inc. on Tuesday announced a series of new or extended licensing agreements for properties it either owns or licenses, including Thomas the Train and Monster Jam.
U.S. Bank Tower Sale Is Completed
MPG Office Trust, Inc. has completed the sale of what was once one of its crown jewels, downtown L.A.’s U.S. Bank Tower.
Markets Gain at Close
In Tuesday trading, the Dow Jones industrial average closed up 138 points to 15,318. The Nasdaq rose 30 points to 3,482. The S&P 500 rose 13 points to 1,652.
Long Beach Port Traffic Continues Rise
The Port of Long Beach posted a 17 percent increase in cargo volume in May, its highest level in nearly three years.
AIG Extends Deadline for ILFC Sale
American International Group Inc. on Monday said that it has given a Chinese consortium until the end of July to complete the $4.8 billion purchase of International Lease Finance Corp., after the consortium missed a Friday deadline.
Motorcar Parts Writes Off $84.7 Million
Motorcar Parts of America Inc.’s fiscal fourth quarter loss more than quadrupled as the company took an $84.7 million write-off of its failed acquisition of a Canadian parts maker.
State Sells Downtown L.A. Parcel to City
The California Department of General Services on Monday said it had sold a vacant 1.9-acre parcel in the Los Angeles Civic Center district for park development.
Korn/Ferry Net Income Grows
Executive search firm Korn/Ferry International reported higher net income in its fourth quarter ended April 30.
MannKind Completes Final Inhaler Study
MannKind Corp. said it has completed the second of two additional trials requested by the Food and Drug Administration for its inhaled insulin pipeline product.
Markets Up at Close
In Monday trading, the Dow Jones industrial average closed up 109 points to 15,180. The Nasdaq rose 28 points to 3,452. The S&P 500 rose 12 points to 1,639. The LABJ Stock Index rose 1 point to 163.
DreamWorks Reaches Netflix Content Deal
DreamWorks Animation SKG Inc. will bring its feature film characters to the small screen in a deal to produce original content for streaming through Netfilix Inc., the companies announced on Monday.
Chernin Group, Comcast Invest in Fullscreen
Culver City network Fullscreen announced Monday that it has raised a Series A round of financing from Chernin Group, Comcast Ventures and WPP.
Rocketdyne Sale Is Completed
GenCorp on Friday completed its acquisition of storied San Fernando Valley rocket-engine manufacturer Pratt & Whitney Rocketdyne.
Mobile Game Developer SGN Acquires Carlsbad Studio
Mob Science is known for "Legends: Rise of a Hero," a game where players try to rescue a captured princess by slaying monsters.
CBRE Invests in European Expansion
CBRE Group Inc. on Friday said it has acquired full ownership of Sogesmaint-CBRE, a property and asset management specialist primarily operating in Belgium.
American States Water Expands in Central California
American States Water Co. said that its Golden State Water subsidiary has acquired Rural Water Co. in San Luis Obispo County.
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