LA BUSINESS JOURNAL DAILY NEWS
The Dow Jones industrial average rose 5 points in Tuesday’s trading to close at 17,061. The S&P 500 slipped 4 points to close at 1,973. The Nasdaq lost 24 points to close at 4,416. The LABJ Stock Index lost a point to close at 197.
Snapchat has announced a new feature that will allow users to add customized filters depending on where the photo was taken.
The California Reinvestment Coalition, an organization that lobbies for banks to do more business in low-income communities, on Monday said it opposes Banc of California’s plan to acquire 20 Southern California bank branches from Popular Community Bank.
An illegal shipment of 67 “extremely invasive” giant snails from Africa to San Dimas was intercepted at Los Angeles International Airport, the U.S. Customs and Border Protection service announced on Monday.
The Dow Jones industrial average rose 112 points in Monday’s trading to close at 17,055. The S&P 500 gained 10 points to close at 1,977. The Nasdaq increased by 25 points to close at 4,440. The LABJ stock index edged up by less than a point to close at 198.
Demand Media has sold Creativebug, an online video arts and crafts business, to Otter Media for $10 million.
Technology studio Science Inc. has acquired Armenian app-maker InLight as part of its effort to expand its mobile content portfolio.
Yahoo announced Friday it had acquired video tech startup RayV, with offices in Hollywood, as part of its push to improve its video streaming technology.
Private rocket company SpaceX of Hawthorne has moved a giant step closer towards its goal of launching rockets for the U.S. military.
Los Angeles real estate company CBRE Group Inc. announced its second German acquisition of the year on Friday.
Ixia announced Friday a Nasdaq hearings panel has determined to continue listing the company on the exchange if certain conditions are met.
The Los Angeles Business Journal’s weighted index of the area’s largest public companies declined for the week.
The Dow Jones industrial average gained 29 points in Friday trading to close at 16,944. The S&P 500 rose by 3 points to close at 1,968. The Nasdaq increased by 19 points to close at 4,415. The LABJ Stock Index rose a half point to 198.
Like so many empires, MySpace came, conquered and collapsed into a wasteland. And Ted Dhanik was there, from the company’s launch in 2003 to its quick descent when confronted with new-kid-on-the-block Facebook.
Talks have broken off regarding an acquisition of Scripps Research Institute of La Jolla by USC or a merger or partnership between the two.
Footwear maker Skechers USA announced Thursday that it has filed a federal lawsuit against Fila U.S.A., alleging that the latter company has infringed upon the patents and design of one of its products.
The Dow Jones lost 71 points in Friday’s trading to close at 16,915. The S&P 500 slipped 8 points to close at 1,965. The Nasdaq fell 23 points to close at 4,396. The LABJ Stock Index edged down a point to 198.
American Apparel cut a deal that with its main investor that will allow the downtown Los Angeles clothing manufacturer to pay off a loan and avoid a default and potential bankruptcy, the company announced Wednesday.
Real estate firm MacFarlane Partners has completed its purchase of vacant downtown property near the intersection of Fifth and Olive streets in downtown Los Angeles where the company plans to build a pair of residential buildings.
A Los Angeles jury ruled on Wednesday that the Dodgers organization was negligent in the 2011 beating of Giants fan Bryan Stow and will need to pay Stow’s family millions of dollars in damages.