LA BUSINESS JOURNAL DAILY NEWS
Web content publisher Demand Media on Tuesdays reported fourth quarter earnings that were in line with analysts’ expectations.
Two battling business groups in downtown L.A.’s Art District have reached a compromise to create a new business improvement district for the neighborhood, ending a long-running legal dispute.
DreamWorks Animation SKG Inc. missed analysts’ earnings forecasts by a wide margin on Tuesday after the studio took a large write-down for its flop “Turbo.”
Edison International moved to a profit in the fourth quarter as the company nears completion of the sale of its money-losing power-generation unit.
Shares of ImmunoCellular Therapeutics Ltd. jumped 14 percent on Tuesday after the Woodland Hills biotech said European drug regulators granted “orphan” status to its experimental brain cancer drug.
In Tuesday trading, the Dow Jones industrial average closed down 27 points to 16,180. The Nasdaq fell 5 points to 4,288. The S&P 500 fell 2 points to 1,845. The LABJ Stock Index fell less than 1 point to 189.
L.A. County can expect to add more than 150,000 jobs over the next two years, according to an upbeat local forecast released today.
San Francisco’s Dolby Laboratories signed an agreement Monday to acquire Burbank’s Doremi Labs for $92.5 million in cash with an additional $20 million in contingent considerations that may be earned over the next four years.
Telecommunications company Phone Power announced Monday it had rebranded itself as BroadVoice.
DreamWorks Animation SKG Inc. on Monday said that it has licensed characters from its hit film franchise “Shrek” to a British theme park operator that will create attractions based on the green orge and his companions.
Live Nation Entertainment Inc. on Monday reported a smaller fourth-quarter operating loss as revenue from concerts and other business segments offset lower revenue at its Artist Nation management business.
ReachLocal Inc. on Monday released open-source software code that it said should help other developers create cross-platform mobile apps.
HandsOn3 on Monday said that one of its affiliated funds has signed an agreement to acquire BancTec Inc., a Dallas firm that provides financial transaction automation and document management services to companies.
In Monday trading, the Dow Jones industrial average closed up 104 points to 16,207. The Nasdaq rose 30 points to 4,293. The S&P 500 rose 11 points to 1,848. The LABJ Stock Index rose more than 1 point to 190.
Federal authorities today announced multiple indictments against state Sen. Ron Calderon and his brother, former Assemblyman Tom Calderon, related to the senator’s alleged acceptance of about $100,000 in bribes.
The Blackstone Charitable Foundation on Friday announced it was making a $3.5 million grant to three local universities to set up an entrepreneur support program.
The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week.
In Friday trading, the Dow Jones industrial average closed down 30 points to 16,103. The Nasdaq fell 4 points to 4,263. The S&P 500 fell 4 points to 1,836. The LABJ Stock Index rose less than 1 point to 188.
United Airlines on Thursday said that will add nonstop service from Los Angeles to Melbourne, Australia in October.
Shares of United Online Inc. jumped more than 29 percent on Thursday after the Internet services company beat analyst estimates on revenue for the fourth quarter.