Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Investors Tie American Apparel’s Hands

At the downtown L.A. apparel maker’s annual meeting Thursday, shareholders voted against a proposal that would have boosted the total number of shares the company can sell, effectively limiting the amount of cash the company can raise by selling additional equity.

Markets Mixed

The Dow Jones industrial average fell 34 points in Friday trading to close at 18,086. The S&P 500 rose two points to 2,127. The Nasdaq rose 47 points to 5,210. The LABJ Stock Index fell one point to 240.

PE Roundup: Private Equity Deals Announced This Week

El Segundo firm Century Park Capital Partners announced Tuesday that it has acquired Better Life Technology, a Lenexa, Kan., manufacturer of specialized vinyl flooring products. Terms of the deal were not disclosed.

County Unemployment Falls Amid Slight Jobs Gain

L.A. County’s unemployment rate fell in June to 7.4 percent from 7.6 percent in May following a modest gain in employer payrolls, state figures released Friday show.

UCLA Health Data Breach Disclosed

UCLA Health announced today that hackers had accessed parts of its computer network containing personal and medical information. The hack may have occurred as early as last September. The health system said it had not found evidence that any individual’s information had been accessed.

BlueMountain Tapped to Back Daughters of Charity

After a long, contentious process, the Daughters of Charity Health System has announced a deal with private investment firm BlueMountain Capital Management to recapitalize its six ailing hospitals, including two in Los Angeles County, with more than $250 million.

FilmOn X is Cable Service Provider, Court Says

Billionaire Alkiviades “Alki” David has won a significant battle against the largest U.S. television networks – at least for now.

Uber, Lyft Ready for LAX Takeoff?

Uber, Lyft and other ridesharing companies are a step closer to being able to pick up passengers at Los Angeles International Airport.

Soon-Shiong’s NantHealth Buys Technology Firm

Billionaire Patrick Soon-Shiong’s health care IT firm NantHealth announced Thursday it has acquired Harris Healthcare Solutions. Terms of the deal were not disclosed, though Soon-Shiong said it is his firm’s largest acquisition to date.

Cargo Traffic Down in L.A., Long Beach

Cargo volume at the ports of Los Angeles and Long Beach fell last month compared with the same period last year, the latest figures show.

Earnings Roundup: Mattel Reports Flat Sales, East West Beat Estimates

Struggling El Seguno toymaker Mattel Inc. released second-quarter earnings after markets closed Thursday, reporting a smaller loss than analysts had expected.

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Work/Life Balance: Tami Pardee

The founder of real estate brokerage Pardee Properties on bringing her kids to work, following your passion and keeping things in perspective.

A daughter of builders, Tami Pardee naturally gravitated toward the real estate industry, though she made a few pit stops along the way.

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Yeti Acquired by Investment Group

To keep place-discovery app Yeti alive, the founders of its parent company, Hyphos, have sold a majority stake to a private investment group led by Santa Monica’s JA Partners and Seattle’s Edgewater Ventures.

Tweets of the Week

Card.com’s Katz likes Clinton’s capital gains plan, uBeam’s Perry on El Chapo.

Stocks Rise; Mannkind Climbs, Nova Lifestyle Sinks

The Dow Jones industrial average rose 70 points in Thursday trading to close at 18,120. The S&P 500 rose 17 points to 2,124. The Nasdaq rose 64 points to 5,163. The LABJ Stock Index rose two points to 241.

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Flipagram Stitches Together $70 Million Funding Round

Popular photo and video-editing app Flipagram has raised a massive $70 million Series B financing round from some of the biggest venture capital firms in Silicon Valley.

Wednesday Rundown: Hydra-Electric Co. Names New CEO, Marcus & Millichap Opens Satellite Office in Baltimore

Burbank aerospace manufacturer Hydra-Electric Co. has named aerospace industry veteran David Schmidt as chief executive.

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AirMap Raises Funding for Drone Airspace Map

Drone airspace mapping company AirMap of Santa Monica has raised a $2.6 million seed round, according to a Security and Exchange Commission filing.

Newest Disney Resort to Have Chinese Flavor

Walt Disney Co. unveiled details of its newest theme park to open next year in China, which will include attractions based on “Star Wars,” “Frozen” and Marvel superheroes.

Latest American Apparel Litigation: Hedge Fund Sues Charney

Yes, there’s been yet another volley in the legal battle at downtown L.A. apparel maker American Apparel Inc.