LA BUSINESS JOURNAL DAILY NEWS
El Segundo toymaker Mattel Inc. has named Christopher Sinclair as its new chief executive, the company announced Thursday.
Six men were arrested this week for allegedly paying kickbacks to an official at a Boeing Co. subsidiary in El Segundo that supplies satellites and related parts to NASA and other federal government entities, the U.S. Department of Justice said Thursday.
Independent production company Legendary Entertainment is seeking $700 million to strengthen its film financing business, according to media reports on Thursday.
Prospects for job seekers in Los Angeles look promising for the next six months.
The Dow Jones industrial average rose 65 points in Thursday trading to close at 17,763. The S&P 500 rose seven points to 2,067. The Nasdaq rose seven points to 4,887. The LABJ Stock Index rose one point to 226.
Westwood’s MarketShare has purchased fellow marketing attribution company DataSong of San Francisco for an undisclosed amount. With the purchase, MarketShare will integrate DataSong’s software into its own, expand its employee count by 50 and grow its number of retail customers.
Just a few months after Denmark’s Lego dethroned El Segundo’s Mattel Inc. as the world’s biggest toymaker by revenue, Mattel this week took another hit: On Monday, rival Hasbro Inc. of Pawtucket, R.I., surpassed Mattel’s market cap, becoming the most valuable publicly traded toy company.
It is a first for the state, but Gov. Jerry Brown said he had no choice but to issue mandatory water restrictions to force Los Angeles and other cities to reduce their use of drinking water by 25 percent.
The Federal Aviation Administration launched on Wednesday a new system for logging complaints about helicopter noise in Los Angeles County.
The Burbank City Council unanimously approved a temporary ordinance tightening restrictions on single-family home construction Tuesday after a contentious public hearing that stretched past midnight.
Pacshore Partners, an L.A. real estate investment firm run by Philip Orosco, and Canyon Catalyst Fund, a joint venture between L.A.’s Canyon Capital Realty Advisors and California Public Employees’ Retirement System, have partnered to acquire creative office buildings in Malibu and Playa Vista in two separate transactions totaling $36 million.
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The Dow Jones industrial average fell 78 points in Wednesday trading to close at 17,698. The S&P 500 fell eight points to 2,060. The Nasdaq fell 21 points to 4,880. The LABJ Stock Index fell one point to 225.
The Rubicon Project, an automated online advertising platform, announced an agreement Tuesday to buy online intent marketing business Chango for $122 million mostly in stock.
Los Angeles venture capitalists Dana Settle, co-founder of Greycroft Partners, and Joseph Sanberg, co-founder of Aspiration.com and Pt Capital, are helping to launch a public policy and advocacy think tank named the Economic Innovation Group.
Uti Shares Tumble on Earnings Shares of Long Beach freight-forwarding and logistics firm Uti Worldwide Inc. sank Tuesday after the company released fourth-quarter and full-year earnings that showed flagging revenue and a huge net loss.
Downtown L.A. commercial real estate giant CBRE Group Inc. has purchased the Global Workplace Solutions unit of Milwaukee’s Johnson Controls Inc. for $1.475 billion.
Tetra Tech Inc. in Pasadena has won a federal government contract that could potentially bring it up to $1 billion in international water-management projects.
Koreatown’s Wilshire Bancorp Inc. announced Tuesday that it has opened its first full-service bank branch in Georgia, located in the city of LaGrange. The bank, Los Angeles County’s ninth-largest, primarily caters to the Korean-American community.
In what Bruce Baltin of hospitality consulting firm PFK Consulting USA said was one of the biggest hotel deals in Los Angeles County this year, Carey Watermark Investors Inc., a New York real estate investment trust, bought the Westin Pasadena for $143 million, or about $408,000 a room, last week.