Los Angeles Business Journal


Herbalife Stock Price Falls on Earnings

Shares of Herbalife fell in after-hours trading Monday after the Los Angeles company reported a decline in net income.

EARNINGS: Alexandria Real Estate Equities, Ducommun; Mercury General

Public companies reporting quarterly earnings Monday included Alexandria Real Estate Equities Inc., Ducommun Inc. and Mercury General Corp.

Beyond Meat Announces New Investors

Beyond Meat, an El Segundo startup that produces synthetic meat products from plants material, announced Monday that it had closed a Series D funding round.

Dow Jones, S&P 500 and LABJ Up, Nasdaq Down

The Dow Jones industrial average rose 22 points in Monday’s trading to close at 16,983. The S&P 500 rose half a point to close at 1,979. The Nasdaq fell 5 points to close at 4,445. The LABJ Stock Index edged up by nearly a point to 200.

Upscale Co-Working Space NeueHouse Leases at Columbia Square

West L.A. real estate company Kilroy Realty Corp. said today that NeueHouse, New York’s stylish members-only coworking space, signed a 15-year lease for 93,000 square feet at Columbia Square, a $400 million mixed-use project in Hollywood on the site of a former CBS broadcast studio.

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Driving Design

Garage offers high-tech treats to car parts makers

New high-tech garage offers makers of aftermarket car parts space for improvement.

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Digital Content Turning on TV

Internet: Streaming sites test ad-supported programming.

Former NBC show “Community” will test if digital programs can channel TV-like audiences and ad dollars online.

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Direct Quotes

ADVERTISING: PK4’s new ad tech eases online placement.

PK4’s new ad tech will let customers take a more direct approach with online placement.

Puma Biotechnology, Herbalife Among Week’s Big Movers

The Los Angeles Business Journal’s weighted index of the area’s largest public companies rose for the week.

Driving Design

Restaurant chains have test kitchens to try new recipes. James Bond calls upon Q’s lab to add a laser cutter to his wristwatch.

L.A. Improves Public Standing

After several slow years, deals and initial public offerings have roared back, shaking up the Business Journal’s annual list of publicly traded companies in Los Angeles.

Stocks Fall

The Dow Jones industrial average fell 123 points in Friday’s trading to close at 16,961. The S&P 500 fell 10 points to 1,978. The Nasdaq fell 23 points to 4,450. The LABJ Stock Index edged down a point to 199.

Bose Sues Apple’s Beats Over Patent Infringement

Bose has filed a lawsuit against Beats Electronics, claiming 36 patent infringements related to noise canceling technology.

Opera Completes Acquisition of AdColony

Opera Software has completed its acquisition of AdColony, a West Los Angeles mobile video advertising platform that specializes in HD mobile video.

Breitburn Energy Hits Gusher in $2 Billion Deal

Los Angeles oil company Breitburn Energy Partners announced Thursday that it has agreed to buy QR Energy of Houston for nearly $2 billion in cash and stock.

City National Beats Expectations

City National Corp. reported strong second-quarter earnings after markets closed Thursday, posting net income of $66.7 million ($1.11 a share), up 12 percent over the same period a year ago.

Reliance Shares Dip as Earnings Fall Short

Shares of Reliance Steel & Aluminum Co. fell on Thursday after the company reported earnings below analyst expectations despite record revenue.

VCA Inc. Beats Expectations

L.A. animal health care company VCA Inc. reported earnings on Thursday that beat analysts’ expectations.

Poll: Are you concerned about climate change?

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.

Dow Jones, Nasdaq Down; S&P Up; LABJ Flat

The Dow Jones industrial average fell 3 points in Thursday’s trading to close at 17,084. The S&P 500 rose a point to 1,988. The Nasdaq dropped 2 points to 4,472. The LABJ Stock Index was flat at 200.