LA BUSINESS JOURNAL DAILY NEWS
NBCUniversal is shutting down two websites next month after failing to find buyers for either property, according to media reports on Thursday.
Santa Monica alternative currency payment processor GoCoin announced today that it had raised $1.5 million in Series A funding. The round was led by Silver Spring, Md., bitcoin online retailer Bitcoin Shop Inc. and Owen Van Natta, former chief operating officer of Menlo Park Internet giant Facebook Inc.
In Thursday trading, the Dow Jones industrial average closed down 5 points to 16,264. The Nasdaq fell 22 points to 4,151. The S&P 500 fell 4 points to 1,849. The LABJ Stock Index rose less than 1 point to 187.
The USC Annenberg School for Communication and Journalism announced Wednesday that veteran broadcaster Willow Bay has been named director of its School of Journalism. Bay also is the wife of Walt Disney Co. Chief Executive Bob Iger.
A federal court jury in Houston has awarded at least $52 million to a Houston steel distributor that claimed Reliance Steel & Aluminum Co. and other companies colluded to hinder its growth.
Caruso Affiliated has tapped Judy Johnson, Western Region president for communications firm GolinHarris, to head up its marketing and communications functions.
Shares of American Apparel Inc. dropped another 14 percent on Wednesday after the apparel company priced a dilutive sale of common shares 9 cents below Tuesday’s closing price.
American Express Co. cardholders will have access to film premieres and VIP screenings under an expanded marketing agreement announced Wednesday by the personal finance company and Universal Studios.
In Wednesday trading, the Dow Jones industrial average closed down 99 points to 16,269. The Nasdaq fell 61 points to 4,174. The S&P 500 fell 13 points to 1,853. The LABJ Stock Index fell less than 1 point to 187.
In Wednesday morning trading, the Dow Jones industrial average was up 36 points to 16,404. The Nasdaq rose 3 points to 4,237. The S&P 500 rose 5 points to 1,871.
Los Angeles Mayor Eric Garcetti announced Tuesday that Walt Disney Co. and other companies have pledged to hire 10,000 local youths for a summer jobs program, double the number hired last summer.
A California Assembly committee on Tuesday approved a measure aimed at improving the state’s tax incentive program for the entertainment industry.
Shares of American Apparel Inc. fell 22 percent Tuesday after the Los Angeles fashion company said it launched an underwritten public offering of $30.5 million of shares of its common stock in continuing efforts to deal with its dire financial challenges.
Shares of PennyMac Financial Services Inc. fell more than 6 percent Tuesday after its largest shareholder began selling off its stake.
Steven Hilton on Tuesday said that he will step down as chief executive of the Conrad N. Hilton Foundation at the end of next year.
The Dow Jones industrial average closed up 91 points to 16,368. The Nasdaq 8 points to 4,234. The S&P 500 rose 8 points to 1,866 The LABJ Stock Index was unchanged at 188.
The Walt Disney Co. has purchased Culver City YouTube network Maker Studios in a $500 million deal according to a statement released by the entertainment giant on Monday, confirming initial reports of the buyout last week.
Beverly Hills investment firm Winnick & Co. announced Monday it had acquired a majority stake in T+ink, a developer of interactive digital components for print ads through what’s known as conductive ink technology.
The Oprah Winfrey Network signed a lease Monday to move from the Miracle Mile to West Hollywood, a deal real estate insiders have anticipated for months.
Glossi, an online magazine publishing platform headquartered in Santa Monica, announced plans to eliminate its desktop publishing service and launch a mobile-only version next month.