LA BUSINESS JOURNAL DAILY NEWS
Standard & Poor’s downgraded American Apparel Inc.’s credit rating on Friday, saying a restructuring of the downtown L.A. clothier appeared inevitable. The rating agency lowered American Apparel’s corporate credit rating to CCC- from CCC. It also dropped the rating on the company's $200 million in senior secured notes to CC from CCC-.
Bank of America Corp. has asked for a federal judge to overturn a jury verdict that found it liable for thousands of bad mortgages sold by its Countrywide unit, leading to a $1.3 billion judgment.
The Los Angeles Business Journal’s index of the largest public companies rose for the week.
In what could be a revival of an old fight, local Internet companies are pushing L.A. city officials to extend the low business tax rate the city carved out for them four years ago.
L.A. pop artist Georgia Jane can thank her grandfather for helping kick-start her professional music career – one that has turned out to be groundbreaking and, so far, unique.
The Dow Jones industrial average rose 19 points in Friday’s trading to 17, 098 The S&P 500 rose 7 points to 2,003. The Nasdaq rose 23 points to 4,580. The LABJ Stock Index was flat at 207.
Snapchat’s summer rollout of new features isn’t over yet. The photo and video mobile messenger announced it is adding a new section called “Live” where users can see real-time updates from events throughout the world.
The Dollar Shave Club is lathering up a profitable year. Co-founder and Chief Executive Michael Dubin said the razor subscription service is on track to exceed $60 million in 2014 sales, three times what the company sold last year.
The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.
JustFab, the online fashion retailer that offers a monthly subscription for customized shopping, has raised $85 million as it looks toward filing for an initial public offering of its stock.
Collective Digital Studio, a digital media management company, is relaunching the tween-friendly YouTube channel Fred.
The value of the taxable property in city of Los Angeles rose by 6 percent over last year’s figure, according to the 2014 Annual Report released on Wednesday by the Los Angeles County Office of the Assessor. The assessed values are the foundation of the property tax system and are used to divvy up tax revenue.
Amgen Inc. announced on Thursday that it will seek U.S. government approval to sell pipeline drug evolocumab that has significantly reduced cholesterol for patients in clinical trials.
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.
The Dow Jones industrial average fell 42 points in Thursday’s trading to 17,080. The S&P 500 fell three points to 1,997. The Nasdaq fell 12 points to 4,558. The LABJ Stock Index was flat at 207.
Yekra, a digital film distributor in the Arts District, is launching an embeddable “theater” that allows websites to customize and curate their own digital marquee of movies and video content.
Honesty just might be the best policy – at least it is for the Honest Co. and its eco-friendly, non-toxic baby products. The Santa Monica company announced Tuesday it raised $70 million in Series C funding as it prepares to file an IPO.
Google is waiting in the hangars for a piece of L.A real estate, according to a Wall Street Journal report that says the company wants to expand its corporate offices in Los Angeles.
Gov. Jerry Brown reached an agreement on a bill on Wednesday that would more than triple funding for California's film and TV tax-credit program.
Hurricane Marie sent 10- to 15-foot waves into the Port of Long Beach on Wednesday, causing the port to suspend some vessel operations for the day to keep longshore workers out of danger.