LA BUSINESS JOURNAL DAILY NEWS
Guitar Center has announced deals with debtor Ares Management and lender Wells Fargo Capital Finance that the Westlake Village-based music retailer said puts it in a significantly stronger financial position.
The Los Angeles Business Journal’s index of largest local public companies gained slightly for the week.
In Friday trading, the Dow Jones industrial average closed down 160 points, or 1 percent, to 16,413. The Nasdaq fell 110 points, or 2.6 percent, to 4,128. The S&P 500 fell 24 points, or 1 percent, to 1,865. The LABJ Stock Index fell 3 points, or 2 percent, to 189.
Amgen Inc. on Thursday said it would pay GlaxoSmithKline more than $275 million to get out of a co-marketing agreement with the British drug company to promote Amgen’s osteoporosis drug Prolia in certain regions outside the United States.
Shares of Response Genetics Inc. jumped 18 percent on Thursday after the cancer diagnostic test company signed agreements with six additional health plans and two large health care groups.
Stratasys, an international 3-D printing company, said it plans to buy Valencia’s Solid Concepts Inc. and another private company in Texas, and will merge them with its own manufacturing subsidiary.
In Thursday trading, the Dow Jones industrial average closed down less than 1 point to 16,573. The Nasdaq fell 39 points to 4,238. The S&P 500 fell 2 points to 1,889. The LABJ Stock Index fell less than 1 point to 193.
Shares of Rubicon Project Inc. on Wednesday rose more than a third in its New York Stock Exchange debut.
Internet advertising company ReachLocal Inc. has named Sharon Rowlands as its chief executive, the company announced Wednesday.
Los Angeles content maker and distributor AwesomenessTV has acquired Hollywood YouTube network Big Frame in a $15 million cash deal, marking yet another acquisition in the red-hot multichannel network market.
Platinum Equity on Wednesday said that has sold Truesense Imaging to On Semiconductor Corp., a Phoenix maker of chips for electronic systems.
In Wednesday trading, the Dow Jones industrial average closed up 40 points to 16,573. The Nasdaq rose 8 points to 4,276. The S&P 500 rose 5 points to 1,890. The LABJ Stock Index rose less than 1 point to 193.
MannKind Corp.'s share price more than doubled in after-hours trading Tuesday, following news that an FDA advisory panel had finally recommended approval of the Valencia company's Afrezza insulin inhaler.
The Los Angeles City Council on Tuesday approved a controversial program to turn commercial trash hauling in the city into an exclusive franchise system.
The Federal Reserve board on Tuesday approved a deal that will create the fourth biggest local bank: Century City’s PacWest Bancorp’s acquisition of downtown L.A. CapitalSource Inc.
Gamblit Gaming in Glendale has raised $12 million in financing that will be used to prepare for launching its online gambling software this year, the company said Tuesday.
Pasadena mobile game maker Industrial Toys announced Tuesday that it has secured $5 million in Series A funding from Accel Ventures, according to a statement.
DreamWorks Animation SKG Inc. on Tuesday said Brenda Freeman, a former marketing executive at Turner Animation, will be become its head of television marketing.
In Tuesday trading, the Dow Jones industrial average closed up 75 points to 16,533. The Nasdaq rose 69 points, or 1 percent, to 4,268. The S&P 500 rose 13 points, or 1 percent, to 1,886. The LABJ Stock Index rose 2 points, or 1 percent, to 193.
YouTube multichannel network Machinima announced Monday that Chad Gutstein, former chief operating officer at Ovation television network, will become the company’s new chief executive