Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Dow Up; S&P, Nasdaq, LABJ down

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 Introduces Geofilters Feature

Snapchat has announced a new feature that will allow users to add customized filters depending on where the photo was taken.

Activists Oppose Banc of California Acquisitions

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.

Customs Intercepts 67 Giant African Snails

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.

Stocks Rise

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 Sells Creativebug for $10 Million

Demand Media has sold Creativebug, an online video arts and crafts business, to Otter Media for $10 million.

Science Inc. Acquires App-Maker InLight

Technology studio Science Inc. has acquired Armenian app-maker InLight as part of its effort to expand its mobile content portfolio.

Yahoo Buys Video Streaming Startup RayV

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.

SpaceX Advances on Right to Bid for Military Launches

Private rocket company SpaceX of Hawthorne has moved a giant step closer towards its goal of launching rockets for the U.S. military.

CBRE Makes Another German Acquisition

Los Angeles real estate company CBRE Group Inc. announced its second German acquisition of the year on Friday.

Ixia to Remain on Nasdaq, Panel Decides

Ixia announced Friday a Nasdaq hearings panel has determined to continue listing the company on the exchange if certain conditions are met.

American Apparel, AeroVironment Among Big Movers

The Los Angeles Business Journal’s weighted index of the area’s largest public companies declined for the week.

Stocks Up

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.

Former MySpace Exec Talks L.A. Tech Scene

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.

Scripps Ends Talks With USC

Talks have broken off regarding an acquisition of Scripps Research Institute of La Jolla by USC or a merger or partnership between the two.

Skechers Accuses Fila of Infringement

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.

Stocks Down

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 Agrees to Rescue Deal

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.

MacFarlane Partners Buys Downtown Property

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.

Dodgers Found Partly Liable in Stow Beating

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.