Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

More Cargo, Passengers at LAX

February was another strong month for air cargo at Los Angeles International Airport, as importers and exporters took to the skies to avoid West Coast ports that, until late last month, were tied up by a labor dispute.

Briefs: Mexbox Tumbles, LMU Names New President, Douglas Donates

Mexbox Tumbles Medbox Inc. shares jumped 17 percent on Friday to $1.65 after the West Hollywood marijuana dispensing firm filed its first annual report and first regulatory filing since restating previous years’ financials.

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L.A. Launch List: March 27

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.

PE Roundup: Private Equity Deals Announced This Week

Century City’s OpenGate Capital announced Monday that it has completed the sale of Kotkamills Oy, a Finnish specialty paper and wood products company, to Finnish private equity firm MB Funds.

Stamps.com, Motorcar Parts of America Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell slightly for the week. The weighted LABJ index fell around 3 percent to close at 227, with losers outpacing gainers 101 to 52. Five companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 34 points in Friday trading to close at 17,713. The S&P 500 rose five points to 2,061. The Nasdaq rose 28 points to 4,891. The LABJ stock index rose one point to 227.

POLL: Is your business all square with Obamacare?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

Local Woman Wins $28 Million From Kaiser

A jury awarded a Chatsworth woman $28 million on Thursday after agreeing that Kaiser Permanente’s Woodland Hills facility bungled the treatment for what turned out to be a cancerous tumor, according to the woman’s law firm.

Briefs: Kite Pharma Sinks on Q4 Loss, Arts District Site Sells for $130 Million

Kite Pharma’s Shares Fall After Q4 Loss Despite detailing a year full of landmark deals in its 2014 earnings report, Santa Monica biotech firm Kite Pharma Inc.’s shares fell 7.26 percent to $57.75 on Thursday.

SEC Probing Charney Firing

Nine months after American Apparel fired former chief executive and founder Dov Charney, the Securities and Exchange Commission is investigating the circumstances behind the ouster, according to a company filing.

Sportsman's Lodge Project is Approved

After a contentious, five-hour Wednesday evening hearing, developer Richard Weintraub won the right to demolish the historic Sportsman’s Lodge event center in Studio City and replace it with a 97,800-square-foot, mixed-use development.

Technicolor Will Close Burbank Office

Technicolor USA Inc. is closing a digital media services facility in Burbank that it opened just last year with expectations that it would employ some 250 workers.

Santa Monica Startups Land Major Financing

Two Santa Monica tech companies announced today that they’ve secured eight-figure capital raises from leading venture capital firms.

Security Software Firm Loads Up on Marina Office Space

TeleSign, a maker of identity verification software, is more than doubling its space in Marina del Rey by moving into a bigger headquarters.

Stocks Down

The Dow Jones industrial average fell 40 points in Thursday trading to close at 17,678. The S&P 500 fell five points to 2,056. The Nasdaq fell 13 points to 4,863. The LABJ stock index was flat at 226.

Pasadena Firm Launches New Influencer Marketing Platform

Pasadena advertising firm Ayzenberg Group has boosted its digital offerings with a new platform that connects digital marketers and brands with social media celebrities known as influencers.

American Apparel Inks Credit Deal, Reports Rough Q4 Earnings

The final quarter of 2014 was a dismal one financially and legally for downtown clothing maker American Apparel Inc.

Garcetti Plugs Seismic Retrofit Bill

L.A. Mayor Eric Garcetti appeared in Van Nuys on Wednesday to urge passage of an Assembly bill providing tax credits for landlords who retrofit apartments and condo complexes deemed especially vulnerable to collapse in earthquakes.

Pot Delivery Firm Crowdfunds for Legal Defense

Hollywood startup Nestdrop has launched a fundraising campaign. But unlike most fledgling technology firms, the app-based provider of alcohol and medical marijuana delivery services isn’t trying to fund a new project or expansion plans: It’s soliciting cash to pay its legal fees.

Delay Expected for Comcast, Time Warner Cable Deal

Comcast Corp.’s planned $45 billion purchase of Time Warner Cable Inc. has run into a snag in the form of a lengthy regulatory review that is expected to delay the deal.