LA BUSINESS JOURNAL DAILY NEWS
Ceres Stock Rises on First Day of Trading
After nearly a two-week delay from their expected launch, shares of agricultural biotech Ceres Inc. began trading on Wednesday following an initial public offering that raised about $65 million.
Poll: Do You Go to Ski Resorts in the L.A. Area?
READER POLL
The Los Angeles Business Journal has posted a new weekly poll for readers on issues in the news.
Herbalife Finishes Strong in Fourth Quarter
Herbalife Ltd. shares gained 7 percent on Wednesday after the nutritional supplement company reported better-than-expected fourth quarter results, driven by double-digit sales volume growth around the world.
Cheesecake Factory Shares Fall on Cautious Outlook
Cheesecake Factory Inc. shares dropped 7 percent Wednesday morning after the casual dining chain reported a better-than-expected fourth quarter but provided a disappointing earnings forecast for this year.
Disappointing Holiday Sales Increase Jakk’s Loss
Jakks Pacific Inc. reported a slightly larger-than-expected fourth-quarter loss, but shares actually closed up slightly on Tuesday as the toymaker’s revenue beat Wall Street forecasts.
Grubb & Ellis to Sell Assets to Competitor
Southern California commercial real estate brokerage Grubb & Ellis Co. said it will sell its assets to the New York parent of Newmark Knight Frank as part of a prepackaged bankruptcy
Molina Healthcare Loses Missouri Contract
Molina Healthcare Inc. shares fell Tuesday after the Medicaid managed care provider said it had lost a key contract in Missouri, and thus was lowering its full-year earnings guidance.
Korn/Ferry Gets New CFO
Staffing company Korn/Ferry International said that its chief financial officer was leaving and a replacement has been appointed.
Amgen to Collaborate with Danish Diagnostics Firm
Dako, a cancer diagnostic supplier based in Denmark, has entered into a collaboration agreement with Amgen Inc. to develop a test for an experimental Amgen cancer drug.
K-Swiss’ Quarter Disappoints
Shares of K-Swiss Inc. fell more than 10 percent Friday after the casual shoe maker reported a wider fourth quarter loss – despite better-than-expected revenue – and gave a cautious revenue forecast.
Demand Media's Quarter Pleases Investors
Demand Media Inc.'s stock jumped 31 percent on Friday after the online content publisher reported a significantly smaller fourth-quarter loss, suggesting that the company is starting to recover from the decline in traffic that resulted from changes to Google's Internet search formula.
DreamWorks Forms Joint Venture with Chinese Companies
DreamWorks Animation SKG Inc. announced a joint venture with Chinese media and investment partners to create Oriental DreamWorks, a China-focused family entertainment company.
The Week’s Big Movers
The Business Journal’s index of largest local public companies gained slightly for the week, ahead a long holiday weekend, as investors awaited a decision on Greece's bailout plan.
Podcast: Highlights from the Latest Business Journal
Editor Charles Crumpley each week provides highlights from the latest edition of the Los Angeles Business Journal. The podcast for Feb. 20 is now online.
Ricardo Beverly Hills Buys Assets of Skyway Luggage
Ricardo Beverly Hills, one of the nation’s largest luggage companies, has acquired the assets of Skyway Luggage, a well-known brand name that was put into receivership last year.
DirecTV’s Quarterly Profit Grows
DirecTV Group Inc. said its fourth quarter profit rose 16 percent, boosted by subscriber gains.
J2 Global Makes U.K. Acquisition
J2 Global Inc. has acquired Zimo Communications Ltd., a United Kingdom provider of Internet cloud voice services under the Numberstore brand.
Kodak Gets Judge’s OK to Remove Name from Theater
A U.S. bankruptcy judge in New York has agreed that Eastman Kodak Co. can get out of its $72 million naming deal for Hollywood’s Kodak Theatre.
Port Traffic Up in L.A., Down in Long Beach
The first month of year continued last year’s trends at the county’s two ports, with the Port of Los Angeles again seeing gains and the Port of Long Beach down slightly.
Mixed Quarter for J2 Global
J2 Global Communications Inc., which has been on an acquisition spree to expand its cloud-based tech services, said it increased its fourth quarter profit by 11 percent, although revenue was slightly below Wall Street expectations.
-
prev
- next
>>