Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Kin Community Bets on Branded Content

Kin Community, an online women’s lifestyle network headquartered in Santa Monica, has launched a new branded content division called Kin Studios, which boosts the company’s ability to craft online video campaigns for advertisers.

AeroVironment Investor Wants Board Election Change

A private equity investor in AeroVironment Inc. is seeking a change in how the company company’s board is elected.

Tweets of the Week

Magic on the Lakers Pick, No birthday celebration for Elon

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Work/Life Balance: Bonnie Eskenazi

The trial lawyer on giving back, the importance of family and rethinking how law students are educated.

Bonnie Eskenazi, a civil litigator and trial lawyer, is considered one of the leading entertainment attorneys in Los Angeles.

Health Net, Kite Pharma Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies fell slightly for the week. The weighted LABJ index fell less than 1 percent to close at 233, with losers outpacing gainers 103 to 47. Nine companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 28 points and closed at 17,730. The S&P 500 fell one point to 2,077. The Nasdaq fell four points to 5,009. The LABJ Stock Index fell one point to 233.

Health Net Purchased for $6.8 Billion

Health Net Inc. announced Thursday that it will be acquired by Centene Corp. in a cash and stock deal valued at $6.8 billion.

Cal State L.A. Opening Downtown Campus

Cal State Los Angeles is opening a campus in downtown Los Angeles, having signed a 10-year lease late last month for 21,000 square feet at 801 S. Grand Ave. in the Financial District.

Joe's Jeans Enters Deal with Lenders

Premium denim maker Joe’s Jeans Inc. has entered into forbearance agreements with its lenders, according to documents the company filed with the Securities and Exchange Commission.

Newhall Ranch Permit Upheld by Court

A federal court judge in Los Angeles issued a ruling on Tuesday upholding the validity of dredging permits issued under the Clean Water Act to facilitate the development of the Newhall Ranch community in Santa Clarita.

Justice Department Said to Clear AT&T, DirecTV Deal

AT&T and DirecTV have moved a step closer to becoming the largest cable provider in the country.

Airline Caterer Sues City Over Minimum Wage Allegation

Flying Food Group has sued the city of Los Angeles, alleging the city has falsely claimed the airline catering business has not followed its living wage law.

Stocks Rise; AeroVironment Rises, California Resources Corp. Tanks

The Dow Jones industrial average rose 138 points in Wednesday trading to close at 17,758. The S&P 500 rose 14 points to 2,077. The Nasdaq rose 26 points to 5,013. The LABJ Stock Index rose two points to 234.

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Expanding MD Insider Makes Silicon Beach House Call

Finding that Santa Monica’s culture and concentration of talent outweighed the lure of less expensive space in other Silicon Beach communities, rapidly growing MD Insider has signed a lease for 10,000 square feet on Main Street.

Soon-Shiong’s NantHealth Sells 10 Percent Stake for $200 Million

An investment from Allscripts Healthcare Solutions values Patrick Soon-Shiong’s health care IT firm NantHealth at $2 billion.

AeroVironment Posts Solid Earnings Amid Activist Push

Monrovia drone maker AeroVironment Inc. posted better-than-expected earnings Tuesday, thanks to strong sales of its unmanned aircraft.

Disney Names New CFO as Rasulo Steps Down

Walt Disney Co. on Tuesday named Christine McCarthy as its chief financial officer, replacing James A. “Jay” Rasulo, who is leaving the company after being passed over as a successor to Chief Executive Robert Iger.

Tuesday Rundown: Bank Deal Closes, Port Fees Going Up

Irvine lender Plaza Bank has closed its acquisition of Manhattan Bancorp, the El Segundo parent of Bank of Manhattan.

Stocks Rise; Portsmouth Climbs, Qualstar Dives

The Dow Jones industrial average climbed 23 points Tuesday to close at 17,620.

Chrome River Raises $100 Million for International Expansion

Expense reporting and automated invoicing software company Chrome River has raised a $100 million Series D round from private equity firm Great Hill Partners.