LA BUSINESS JOURNAL DAILY NEWS
The Dow Jones industrial average rose 9 points on Thursday to close at 17,720. The S&P 500 stayed flat at 2,064. The Nasdaq fell 23 points to 4,737. The LABJ stock index stayed the same at 230 points.
Univision Communications Inc. has launched a new Los Angeles unit to create multi-cultural projects. Story House will develop and produce content in both English and Spanish for various Univision channels and other networks.
Hyperloop Technologies Inc. has closed an $80 million Series B funding round and secured development partnerships with several large engineering firms.
The Dow Jones industrial average fell 217 points on Wednesday to close at 17,711. The S&P 500 fell 20 points to 2,064. The Nasdaq fell 49 points to 4,761. The LABJ stock index fell 5 points to 230.
Walt Disney Co.’s Chief Executive and Chairman Robert Iger does not “currently plan” to extend his contract after June 2018, he told investors today.
Global Eagle Entertainment Inc., an in-flight Wi-Fi and entertainment provider, announced Monday it had reached an agreement to acquire satellite communications firm Emerging Markets Communications for $550 million in cash and stock.
Public Storage and its founder B. Wayne Hughes have finally beaten back a securities class action after nearly five years of litigation.
Online consignment shop Tradesy of Santa Monica announced on Monday it received a $30 million Series C round.
Apple Inc. is in the in the process of securing a lease for retail space at the historic Tower Theater downtown, according to sources familiar with the transaction. When complete, the lease for an Apple store at the building, at 800 S. Broadway, could spark dramatic changes along a corridor that has long been in flux.
The Dow Jones industrial average rose 222 points on Tuesday to close at 17,928. The S&P 500 rose 26 points to 2,084. The Nasdaq rose 60 points to 4,810. The LABJ stock index rose one point to 235.
Hotel and nightclub mogul Sam Nazarian is buying a boutique hotel group in a deal that will give billionaire investor Ron Burkle a significant stake in the new company.
Revolution Studios of Santa Monica has acquired a stake in Latino digital-content network Latin Everywhere. Terms of the deal were not disclosed, but Latin Everywhere said the deal was worth seven figures.
Roundup of L.A. tech events in the next two weeks.
Billionaire Patrick Soon-Shiong’s health care IT firm NantHealth has announced that it filed for a $92 million initial public offering late Friday.
A Los Angeles judge has dismissed the lawsuit challenging the mental competency of Viacom and CBS Corp. controlling shareholder Sumner Redstone filed by his former live-in girlfriend.
The Dow Jones industrial average fell 35 points in Monday trading to 17,705. The S&P 500 rose 2 points to 2,059. The Nasdaq rose 14 points to 4,750. The LABJ stock index rose one point to 234.
Private equity firms Platinum Equity of Beverly Hills and Clearlake Capital Group of Santa Monica announced Monday that funds managed by affiliates of Apollo Global Management will acquire Clearlake portfolio company AmQuip Crane Rental and Platinum portfolio company Maxim Crane Works.
A weekly roundup of must-read L.A. tech investments and acquisitions.
A weekly roundup of L.A. tech company and product launches.
Media tycoon Sumner Redstone is suffering from dementia, according to an expert witness physician who testified today in Los Angeles Superior Court.