Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Stocks Rise

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.

Zealot Shopping Spree Continues

Venice digital media firm Zealot Networks has bought yet another marketing agency to add to its growing roster of creative agencies.

Snapchat Targets Sports League Partnerships

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.

Feds Sue DirecTV for False Advertising

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 Arrested for Operating Local ‘Pay-to-Stay’ Schools

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.

Coda Energy Names CEO

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.

Lion Names New American Apparel Board Member

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.

DreamWorks Will Produce Verizon Mobile Content

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 Laying Off 300, Closing Onyx

Amgen Inc. plans to lay off 300 workers at its Onyx subsidiary in South San Francisco, and transfer others to its Thousand Oaks headquarters.

Stocks Fall

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.

READER POLL: Should employees who earn tips be paid a lower hourly wage than untipped workers?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

MamaBear Acquires KidNotice

Santa Monica’s MamaBear, developer of a secure communication app for families, has acquired Valley Village app maker KidNotice for an undisclosed sum.

Job Cuts at Rocketdyne

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 Pulls Plug on Hospital Acquisition

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 Agrees to $1 Million Fine to Settle Underwriting Practices Case

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.

Palos Verdes Links to Host PGA Grand Slam

The PGA of America will be bringing golf’s major champions to Los Angeles this year.

Double-Chin Drug Maker Makes Stock Offering

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’s Codeblack Goes Global

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.

Stocks Fall

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.

Simon Property Bids $16 Billion for Macerich

Indianapolis mall operator Simon Property Group has offered to buy Santa Monica’s Macerich Co. for $14.4 billion.