LA BUSINESS JOURNAL DAILY NEWS
The Dow Jones industrial average fell 610 points on Friday to close at 17,401. The S&P 500 fell 76 points to 2,037. The Nasdaq fell 202 points to 4,708. The LABJ stock index rose eight points to 222.
After a week-long trial, it took less than a day of deliberation for a federal jury in Los Angeles on Thursday to find the legendary rock band Led Zeppelin did not steal the iconic guitar riff from Spirit’s 1968 instrumental track “Taurus.”
In the latest attempt to combat congestion at the ports of Los Angeles and Long Beach, Assemblyman Patrick O’Donnell (D-Long Beach) introduced a bill to improve the container cargo movement.
Flipagram tops 200 million users, Upfront names new partner, and Stamps.com buys ShippingEasy for $55 million.
The Los Angeles city Planning Commission on Thursday moved to regulate Airbnb and other short-term rentals, imposing time caps and stiff penalties for violations.
The Los Angeles Metropolitan Transportation Authority Board approved a transportation expenditure plan Wednesday that would place a countywide half-cent sales tax increase on the upcoming November ballot.
The Dow Jones industrial average rose points on Thursday to close at 18,011. The S&P 500 rose 28 points to 2,113. The Nasdaq rose 77 points to 4,910. The LABJ stock index rose three points to 230.
FAA announces drone filming rules, Tetra Tech wins $45 million contract, Ad Hoc Labs launches anti-date bot, and more.
Pasadena-based Tetra Tech Inc. announced Wednesday that it received a $45 million contract from the National Guard Bureau.
L.A. city officials on Wednesday took several steps to help small businesses and manufacturers.
The Dow Jones industrial average fell 49 points on Wednesday to close at 17,781. The S&P 500 fell 3 points to 2,085. The Nasdaq fell 11 points to 4,833. The LABJ stock index stayed steady at 227.
Kite Pharma Inc., a clinical-stage biopharmaceutical company, opened a new industrial manufacturing plant in El Segundo on Monday.
Hyperloop One explores system in Moscow, OpenX adds Culver City office, OSI Systems makes $269 million acquisition, and more.
Hawthorne-based OSI Systems Inc. announced Tuesday its decision to acquire American Science & Engineering Inc. (AS&E) for $37 per share, constituting a $269 million cash deal.
The Los Angeles City Council on Tuesday formally placed a labor-backed affordable housing measure on the November ballot.
Popular grocery store chain Trader Joe’s Co. has agreed to spend an estimated $2 million over the next three years to reduce greenhouse gas emissions from refrigeration equipment at 453 of its stores, according to a court settlement reached Tuesday.
The Dow Jones industrial average rose 25 points on Tuesday to close at 17,830. The S&P 500 rose 6 points to 2,089. The Nasdaq rose 7 points to 4,844. The LABJ stock index fell one point to 227.
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Snapchat expands advertising, Mashable acquires Cinefix, Clearlake Capital buys Vision Solutions, and more.