LA BUSINESS JOURNAL DAILY NEWS
Arrowhead Research Gets Private Equity Infusion
Arrowhead Research Corp. on Monday said that it raised $36 million in a private offering.
Market Close
In Monday trading, the Dow Jones industrial average closed down 5 points to 14,969. The Nasdaq rose 14 points to 3,393. The S&P 500 rose 3 points to 1,617. The LABJ Stock Index fell 1 point to 164.
Evolve Builds Studio for CraveOnline
CraveOnline, which publishes content for men, announced Friday that it has built a 4,000-square-foot studio at its Ladera Heights headquarters.
Boingo Adds Advertising Experience to Executive Team
Boingo announced Monday that it has appointed Nick Hulse as president, replacing Chief Executive Dave Hagan in the role.
Launchpad Portfolio Company Cooks Up Funding Round
Panna launched in November as a cooking app for iPads. On Monday it announced a $1.35 million funding round led by Santa Monica’s Anthem Venture Partners.
Irani Forced Off Oxy Board
Ray Irani, former chief executive of Occidental Petroleum, was forced off the Westwood oil giant’s board on Friday.
Colony American Homes Files for IPO
L.A. billionaire Thomas Barrack Jr.’s Colony Capital LLC is spinning off another business to the public markets, with Colony American Homes, a buyer of rental homes, filing with securities regulators for an initial public offering.
Staar Surgical, Big 5 Among Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies gained strongly for the week.
Markets Close Higher
In Friday trading, the Dow Jones industrial average closed up 142 points to 14,974. The Nasdaq rose 38 points to 3,379. The S&P 500 rose 17 points to 1,614. The LABJ Stock Index rose 2 points to 165.
Staar Surgical Jumps on Revenue Improvement
Shares of Staar Surgical Co. jumped nearly 29 percent on Thursday after the ophthalmology products company reported a better-than-expected first quarter
DineEquity Sees Profit Increase
The parent of the Applebee’s and IHOP restaurant chains reported a first quarter profit that beat Wall Street forecasts, even as revenue fell sharply.
Mixed Quarter for Dole
A smaller Dole Food Co. produced as much revenue as expected by analysts in its fiscal first quarter, but its profits failed to meet projections due to litigation expenses.
Market Close
In Thursday trading, the Dow Jones industrial average closed 130 points, or 1 percent, to 14,831. The Nasdaq rose 41 points, or more than 1 percent, to 3,340. The S&P 500 rose 15 points, or nearly 1 percent, to 1,597. The LABJ Stock Index rose more than 1.5 points to 163.
L.A. Cleantech Incubator Has First Exit
Electric vehicle charging station operator 350Green announced Thursday that it has been acquired by Car Charging Group for $5.2 million.
Hubber Wants to Bring Car Sharing to the Airport
When Hubber goes live later this month, car-owners will be able to rent out their vehicles while they are out of town and visitors to the city will be able to use those vehicles for a fee.
Tutor Perini Moves to Profit
Tutor Perini Corp. swung to a profit in the first quarter, as the Sylmar construction firm saw an increase in work that ranged from gaming projects in Nevada to fixing damage caused by Hurricane Sandy.
Montana Firm Buys L.A.’s Oldest Brokerage
A Montana stock brokerage has bought downtown L.A.’s Crowell Weedon & Co., the oldest local brokerage and one of just a few remaining in Los Angeles.
Strong Quarter for Big 5
Favorable weather and a strong uptick in sales of guns and ammunition propelled Big 5 Sporting Goods Corp. to a better-than-expected first quarter, with shares jumping more than 9 percent on Wednesday.
Market Close
In Wednesday trading, the Dow Jones industrial average closed down 139 points, or 1 percent, to 14,701. The Nasdaq fell 20 points, or 1 percent, to 3,299. The S&P 500 fell 15 points, or 1 percent, to 1,583. The LABJ Stock Index fell 1 point to 161.
DreamWorks’ AwesomenessTV Acquisition Is Just the Beginning
DreamWorks Animation has announced that it will acquire YouTube multi-channel network AwesomenessTV.
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