LA BUSINESS JOURNAL DAILY NEWS
The Dow Jones industrial average rose 260 points in Thursday trading to close at 17,895. The S&P 500 rose 26 points to 2,066. The Nasdaq rose 43 points to 4,893. The LABJ stock index rose four points to 225.
Venice digital media firm Zealot Networks has bought yet another marketing agency to add to its growing roster of creative agencies.
Venice’s Snapchat Inc. is planning to include live sports broadcasts in its app, beginning with the NCAA Basketball tournament later this month, according to a report.
El Segundo satellite TV giant DirecTV is being sued by the Federal Trade Commission, which charges the firm with deceptively advertising a discounted 12-month programming package.
Three Los Angeles residents were arrested Wednesday after federal officials accused them of operating four schools that helped foreign nationals stay in the United States as students without attending classes.
Monrovia energy storage company Coda Energy on Wednesday named veteran technology executive Paul Detering as the company’s first chief executive following its emergence from bankruptcy in 2013.
Robert Mintz has resigned from the board of directors of downtown Los Angeles apparel maker American Apparel Inc., according to documents filed Wednesday with the Securities and Exchange Commission.ed Wednesday with the Securities and Exchange Commission.
The YouTube networks of DreamWorks Animation SKG Inc. will produce 200 hours of original programming for mobile streaming to customers of Verizon Communications, the companies announced Wednesday.
Amgen Inc. plans to lay off 300 workers at its Onyx subsidiary in South San Francisco, and transfer others to its Thousand Oaks headquarters.
The Dow Jones industrial average fell 28 points in Wednesday trading to close at 17,635. The S&P 500 fell four points to 2,040. The Nasdaq fell 10 points to 4,850. The LABJ Stock Index was flat at 220.
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Santa Monica’s MamaBear, developer of a secure communication app for families, has acquired Valley Village app maker KidNotice for an undisclosed sum.
GenCorp Inc. is making a 10 percent reduction in the staff of its Aerojet Rocketdyne division, which includes its Chatsworth rocket-engine development and manufacturing facility.
Prime Healthcare Services has withdrawn its $843 million bid for Daughters of Charity’s ailing hospitals, including two in L.A. County, in the face of stringent conditions imposed by state Attorney General Kamala Harris.
Mercury Insurance has agreed to pay a $1 million penalty to settle a long-running case involving its underwriting practices, state Insurance Commissioner David Jones announced Tuesday.
The PGA of America will be bringing golf’s major champions to Los Angeles this year.
Kythera Biopharmaceuticals Inc. announced on Tuesday a $125 million secondary offering as it anticipates FDA approval of its lead drug candidate, a drug that reduces double chins.
Lions Gate Entertainment Corp.’s Codeblack Films has struck a key output deal to advance its mission to provide the global black community with quality African-American entertainment content.
The Dow Jones industrial average fell 333 points in Tuesday trading to close at 17,663. The S&P 500 fell 35 points to 2,044. The Nasdaq fell 83 points to 4,860. The LABJ stock index fell three points to 221.
Indianapolis mall operator Simon Property Group has offered to buy Santa Monica’s Macerich Co. for $14.4 billion.