Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

LAFC Soccer Stadium Approved

The Los Angeles City Council on Friday gave final approval for construction of a $250 million stadium complex near USC for the Los Angeles Football Club soccer team.

What to Watch This Weekend

A look at the plots of this weekend’s new movie releases from a business perspective.

J2 Global Beats Quarterly Expectations

Internet services and media company J2 Global Inc. posted first quarter earnings per share of 61 cents a share, beating analysts’ expectations of 53 cents a share. The per-share mark was 36 percent higher than the year-ago period and came on revenue of $201 million for the quarter ended March 31.

Tutor Perini, Big 5 Sporting Goods Among Week's Biggest Movers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose more than 1 percent to close at 232, with losers outpacing gainers 81 to 60. Ten companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 80 points in Friday trading to close at 17,740. The S&P 500 rose 6 points at 2,057. The Nasdaq rose 19 points to 4,736. The LABJ stock index rose 2 points to 233.

READER POLL: Do you think people should tear out their pools as a drought-control measure?

READER POLL: Do you think people should tear out their pools as a drought-control measure?

DreamWorks Animation Posts Solid Earnings Before Acquisition

DreamWorks Animation SKG Inc. posted strong first quarter financial results as it prepares for its acquisition.

Activision’s Quarterly Revenue Beats Estimates

Activision Blizzard Inc.’s non-adjusted revenue grew by 29 percent in the quarter ended March 31 to $908 million.

Stocks Mixed

The Dow Jones industrial average rose 9 points in Thursday trading to close at 17,661. The S&P 500 stayed flat at 2,051. The Nasdaq fell 8 points to 4,717. The LABJ stock index rose 2 points to 231.

Tribune Turns Down Gannett Offer

Tribune Publishing Co.’s board has unanimously rejected a takeover from rival publisher Gannett Co. Inc., saying its bid of $815 million undervalues the company, which owns the Los Angeles Times.

Live Nation Inks Virtual Reality Deal

Beverly Hills-based Live Nation Worldwide Inc., the largest concert promoter in the world, has struck a deal with Laguna Beach virtual reality content maker NextVR Inc. to bring hundreds of live concerts to fans across the globe in VR.

Skydance Media Buys Video Game Firm Workshop Entertainment

Santa Monica production company Skydance Media has acquired Workshop Entertainment Inc., a video game developer based in Marina del Rey, for an undisclosed amount.

Stocks Fall

The Dow Jones industrial average fell 100 points in Wednesday trading to close at 17,651. The S&P 500 fell 12 points to 2,051. The Nasdaq fell 38 points to 4,725. The LABJ stock index fell one point to 229.

Tinder’s Paid Subscribers Top 1 Million

More than 1 million Tinder users pay for the app’s premium features each month – up from an average of 332,000 in the first nine months of last year, parent company Match Group announced Tuesday.

SolarReserve Signs Deal for Solar Plants in China

Santa Monica’s SolarReserve has signed a memorandum of understanding with Shenhua Group Corp. of Beijing to build solar thermal plants in China that generate up 1,000 megawatts of power. The deal is reportedly worth $2.31 billion.

Local Businesses Reluctant to Hire More Workers Despite Overall Optimism

L.A. County employers are optimistic about their business outlook this year but guarded about future hiring, according to a new Los Angeles County Business Federation survey released Tuesday.

GrubHub Swallows LAbite

Online food delivery company LAbite is set to be acquired by GrubHub Inc. The terms of the acquisition were not disclosed.

Stocks Fall

The Dow Jones industrial average fell 140 points in Tuesday trading to close at 17,751. The S&P 500 fell 18 points to 2,063. The Nasdaq fell 42 points to 4,763. The LABJ stock index fell two points to 230.

Tease photo

Will.i.am’s Smartwatch Startup Acquires Israeli Firm

Smartwatch manufacturer i.am+, founded and backed by hip-hop musician will.i.am, has acquired Israeli machine learning company Sensiya. Terms of the acquisition were not disclosed.

National Bank of California Completes Merger With Irvine Lender

Brentwood’s National Bank of California has completed its merger with Irvine's Commercial Bank of California.