LA BUSINESS JOURNAL DAILY NEWS
The owners of Glendale post-production businesses Sunset Post Inc., Sunset Digital Studios Inc., and Sunset Teleproduction Center pleaded guilty on Tuesday to embezzling from their employees' retirement plan and failing to pay taxes.
Shares of Motorcar Parts of America Inc. jumped more than 25 percent on Tuesday after the maker and distributor of aftermarket automobile parts reported a fiscal second-quarter profit. Aecom Technology Corp. shares fell more than 7 percent after the construction management company gave an outlook for next year that missed Wall Street projections.
In Tuesday trading, the Dow Jones industrial average closed down 32 points to 15,751. The Nasdaq rose less than 1 point to 3,920. The S&P 500 fell 4 points to 1,768. The LABJ Stock Index fell 1 point to173.
Burbank has decided not to appeal a ruling that blocked the opening of a new Wal-Mart Stores Inc. outlet at the city’s Empire Center, but Wal-mart intends to continue the legal battle.
Shares of RadNet Inc. fell more than 13 percent Monday after the operator of medical diagnostic imaging centers said it moved from a profit to a loss in the third quarter and lowered its full-year forecast.
Sport Chalet Inc. reported a quarterly loss Monday driven by declining sales figures and the closure of three underperforming stores.
Rexford Industrial Realty Inc. on Monday reported a smaller-than-expected adjusted third quarter profit and announced an acquisition in North Orange County.
In Monday trading, the Dow Jones industrial average closed at an all-time high, up 21 points to 15,783. The Nasdaq rose 2 points to 3,920. The S&P 500 rose 1 point to 1,772. The LABJ Stock Index was unchanged at 174.
The Culver City online video network announced Erin McPherson will be joining the company in a position that sees her reporting directly to company Chief Executive Ynon Kreiz.
The round, announced Monday, was led by Institutional Venture Partners and included investments from Iconiq Capital and existing investors Lightspeed Venture Partners and General Catalyst Partners.
The funding coincides with the release of Ninja's analytics platform, the Katana engine, which analyzes the actions of video gamers to determine which player is the most influential in driving friends to spend money on a game.
The Los Angeles Business Journal’s index of largest local public companies fell for the week, with most of the biggest movers tied to quarterly earnings.
In Friday morning trading, the Dow Jones industrial average closed up 168 points, or 1 percent, to 15,762. The Nasdaq rose 62 points, or 1 percent, to 3,919. The S&P 500 rose 23 points, or 1 percent, to 1,771. The LABJ Stock Index rose 2 points, or 1 percent, to 174.
Mar Vista's Just Scan It, an app maker specializing in mobile scanning, has rolled out a self-named iOS app that aims to loop valet services and drivers into a single network.
Myspace, acquired by Irvine’s Specific Media in 2011 for $35 million, has laid off 5 percent of its staff, according to a source familiar with the company.
The e-commerce startup filed a notice with the State of California that it planned to eliminate 52 mostly customer service positions, roughly 10 percent of its overall staff, by the end of the year.
Walt Disney Co. reported strong fourth quarter earnings on Thursday, with its once struggling interactive division showing the greatest improvement.
Los Angeles Mayor Eric Garcetti on Thursday named Kelli Bernard as deputy mayor for economic development.
American Homes 4 Rent on Thursday said that its revenue skyrocketed in the third quarter on strong leasing activity, but the company still missed Wall Street estimates for its funds from operations.
Health Net Inc. on Thursday posted higher third quarter earnings, boosted by a favorable reimbursement adjustment from the state of California. Air Lease Corp. and Colony Financial Inc. also exceeded Wall Street forecasts.