LA BUSINESS JOURNAL DAILY NEWS
TrueCar Shares Rise Shares of Santa Monica car-buying site TrueCar Inc. climbed more than 6 percent in Thursday trading in advance of the company’s latest earnings announcement. After markets closed, TrueCar reported fourth-quarter earnings that were in line with analysts’ expectations: Revenue of $55.5 million and a net loss of $9.8 million (13 cents a share). Shares rose 6.4 percent Thursday before the announcement, closing at $20.77, but fell 2 percent to $20.36 in after-hours trading.
Beijing airline Air China Ltd. will increase its nonstop service between Beijing and Los Angeles by adding a third daily nonstop flight each way, airline representatives announced Thursday.
The Dow Jones industrial average fell 44 points in Thursday trading to close at 17,986. The S&P 500 fell two points to 2,097. The Nasdaq rose 18 points to 4,925. The LABJ Stock Index was flat at 224.
The amount of cargo that moved through the Port of Long Beach in January took a nearly 19 percent nosedive compared to the same month last year because of ongoing congestion and labor strife, officials said late Wednesday.
Culver City ad tech firm DataPop has been acquired by Criteo, a marketing analytics firm in Paris, according to the French company’s fourth quarter earnings report released Wednesday. The terms were not disclosed.
The Dow Jones industrial average fell 18 points in Wednesday trading to close at 18,030. The S&P 500 fell one point to 2,100. The Nasdaq rose seven points to 4,906. The LABJ Stock Index was flat at 224.
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Downtown Los Angeles investment company SunPac Financial announced Wednesday that it has agreed to acquire Security First Bank in Fresno, its first step in establishing a new bank serving Los Angeles.
The site of popular USC hangout 901 Bar & Grill has been sold, and the deal might portend changes coming to the corner of South Figueroa and 30th streets.
A Wednesday morning explosion at the Exxon Mobil Corp. refinery in Torrance injured four workers and pushed up the local price of wholesale gasoline. The workers suffered only minor injuries, according to an Exxon spokesperson.
Culver City’s Jukin Media, which acquires and licenses user-generated viral videos, has launched a product that makes it easier for digital publishers to find and upload its content to their websites.
The Dow Jones industrial average was down 39 points in Wednesday morning trading to 18,008. The S&P 500 fell five points to 2,095. The Nasdaq fell three points to 4,896. The LABJ Stock Index was flat at 224.
The good times should continue to roll for the local economy.
Santa Monica Web publisher Demand Media said in a Securities and Exchange Commission filing Tuesday that co-founder and President Shawn Colo had resigned.
New York music rights holder Freeplay Music has sued two local multichannel networks, claiming the companies illegally used its copyrighted songs in YouTube videos.
Venice digital media firm Zealot Networks has continued its recent string of acquisitions by purchasing two local creative marketing companies for an undisclosed sum.
Mattel has been in desperate need of a hit toy. After reporting that Barbie sales had plunged, again, in the final quarter of last year, the El Segundo toymaker’s interim Chief Executive Christopher Sinclair told investors the company would make changes “with a heightened sense of urgency.”
Beijing-based airline Air China Ltd. on Thursday will announced changes to its nonstop service between Beijing and Los Angeles – likely the addition of more flights – at a press conference that will be attended by Los Angeles Mayor Eric Garcetti.
The Dow Jones industrial average rose 28 points in Tuesday trading to close at 18,048. The S&P 500 rose three points to 2,100. The Nasdaq rose five points to 4,899. The LABJ Stock Index rose one point to 224.
The former Beverly Grove home of the pension and health fund for the Directors Guild of America has been sold for $24 million by CIM Group Inc.