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Recent and archived news stories on: Accounting, Advertising, Consulting, Jobs, Food, Insurance, Law, Printing, Public Relations, Security...
Ad Pioneer Sees Online Opening
Internet: Rubicon fights larger rivals to stake out turf.
Rubicon Project refuses to think small as it looks to find room in an ad field dominated by giant rivals.
ReachLocal Loss Narrows
ReachLocal Inc. reported growth in revenue and a narrower net loss for both its fourth quarter and full-year 2012, citing the success of its continued international expansion and new mobile products.
Storm, Car Accidents Cut Mercury to the Quick
INSURANCE: Hurricane Sandy, rising auto claims feed fourth-quarter loss.
Rise in expense of car collisions helps crash Mercury’s fourth quarter earnings.
Steel-Aluminum Distributor Irons Out Acquisition
METALS: Reliance pays $1.2 billion to purchase Florida competitor.
Reliance hammers out $1.2 billion deal for rival, and more acquisitions are expected.
Aecom’s Quarter Better Than Expected
Shares of Aecom Technology Corp. rose nearly 8 percent on Tuesday after the company reported lower fiscal first quarter revenue and profit that beat Wall Street expectations.
Air Lease Makes Large Airbus Purchase
Air Lease Corp. said that it has ordered 39 Airbus jets in a deal estimated at $9 billion.
Hurricane Helps Push Mercury General to Loss
Shares of Mercury General Corp. fell 6 percent on Monday after the property casualty insurer reported a worse-than-expected fourth quarter, largely due to Hurricane Sandy claims on the East Coast and higher than normal seasonal losses in California.
L.A. Hotel Downtown to Become a Hyatt Regency
Chinese hotel ownership group Shenzhen New World Group Co., which owns the L.A. Hotel Downtown on Figueroa Street, said that it will spend $20 million to covert the independent hotel into a Hyatt Regency.
Veggie Grill Raises $20 Million
Veggie Grill, a Santa Monica-headquartered fast-casual vegetarian restaurant chain, said that it had raised $20 million in a fourth equity funding round that will be used to open new restaurants.
Pizza Franchisers Look to Expand Pieces of Pie
DINING: Blaze co-founders sign two deals to open eight SoCal locations.
After launching two build-your-own artisan pizza restaurants last summer in Pasadena and Irvine, Wetzel’s Pretzels co-founders Rick and Elise Wetzel are lighting a flame under expansion plans for their Blaze Fast-Fire’d Pizza concept.
DineEquity Addresses Pig Welfare
Glendale restaurant company DineEquity Inc., owner of IHOP and Applebee’s restaurants, announced Wednesday that it will eliminate the use of cramped pig cages in its pork supply chain by 2020.
U.S. Bank Provides Financing for Discovery Science Center
Discovery Science Center will receive $4.7 million in tax-advantaged financing from U.S. Bank to assist the Orange County nonprofit open a center at the defunct Children’s Museum building in the northeast San Fernando Valley, the bank announced Thursday.
Cadiz Changes CEOs
Cadiz Inc. on Thursday announced that its board has named President Scott Slater as chief executive, succeeding longtime CEO and co-founder Keith Brackpool.
Pasadena Insurance Brokerage Bolton & Co. Makes Acquisition
Pasadena insurance brokerage Bolton & Co. has purchased Preferred Specialty Insurance Services of Glendora.
Wheeler Dealer
Mobi Munch’s investment raising and corporate deals are helping steer food trucks into the mainstream.
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