Shares of Puma Biotechnology Inc. surged 68 percent on Thursday after the cancer drug developer previewed clinical trial results from its lead drug candidate.
UTi Worldwide Inc. fell to a loss in its fiscal third quarter, largely due to higher expenses, but its adjusted earnings met Wall Street expectations. Guess Inc.reported lower fiscal third quarter earnings and cut its full-year revenue forecast. Korn/Ferry International's fiscal second-quarter net income beat analyst expectations, boosted by growth in the staffing company's leadership and talent consulting business.
Robert Kotick reportedly threatened to quit as Activision Blizzard Inc.’s chief executive unless the board accepted his vision of the buyout of most of Vivendi’s stake in the company, according to claims in a shareholder lawsuit over the deal.
Shares of Herbalife Ltd. rose on Tuesday after an appeals court in Belgium handed the Los Angeles supplements company a victory in its battle against charges it runs an unlawful pyramid scheme.
hares of Ducommun Inc. rose 4 percent on Tuesday after the Carson aerospace contractor said it won a multiyear contract to make complex printed circuit board assemblies for the fuel management system of the Airbus A350 jetliner.
On Assignment Inc. on Monday said that it has completed the sale of one of its business units and made two acquisitions.
Revolution Capital Group on Monday said that it has acquired Maysteel, an Allenton, Wis. maker of sheet metal products.
Investment: Capricor says reverse-merger pickup about product partnership
A Beverly Hills biotech company went public late last month in a reverse merger with a struggling Northern California drug developer, but it won’t tap the public markets anytime soon.
The Los Angeles Business Journal’s index of largest local public companies closed down slightly for the week.
AeroVironment Inc. reported a drop in profit and revenue in its fiscal second quarter as orders for its unmanned drone aircraft and electric car battery chargers continued to slow.
Jacobs Engineering Group on Tuesday said that it has acquired the assets an Orange County company that provides pipeline engineering services to the utility and gas industries.
Oaktree Capital Group on Monday announced a distressed-debt investment joint venture with Hong Kong’s China Cinda Asset Management Co.
The University of Southern California on Monday said that its USC Roski School of Fine Arts is changing its name to the USC Roski School of Art and Design to better reflect the school’s mission.
The Los Angeles Business Journal’s index of largest local public companies closed down for the week.
Cardiovascular therapy developer Capricor Inc. on Thursday announced that it had gone public and changed its name via an all-stock merger with San Mateo-based Nile Therapeutics Inc.
Aurora Capital Group on Thursday announced that it has completed the sale of Porex Corp., a maker of porous polymer materials, to Filtration Group of Chicago.
Three private equity backers of Air Lease Corp. are selling off part of their stakes in an underwritten public offering of more than 10.1 million shares announced late Wednesday.
William Stiritz, the head of Midwest cereal giant Post Holdings, has increased his stake in Herbalife Ltd. to 6.4 percent, and not only wants to help grow the Los Angeles nutrition company but help defend it against hedge fund investor William Ackman.
Shares of Jacobs Engineering Group Inc. fell nearly 6 percent on Tuesday after the Pasadena company reported fiscal fourth-quarter profit that fell short of analyst forecasts.
Live Nation Entertainment Inc. said Monday it had formed a partnership with London’s Parallel Contemporary Music to build sponsorship opportunities in Asia for its performing artists.
Beverly Hills studio Metro-Goldwyn-Mayer and Santa Monica production company Danjaq on Friday said they have completed the acquisition of all rights to the character of James Bond held by the estate and family of the late Kevin McClory.
Jakks Pacific Inc. on Wednesday announced a collaboration with five national retailers for a new DreamPlay app that enables kids to create virtual shopping environments.
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.
Rexford Industrial Realty Inc. on Monday reported a smaller-than-expected adjusted third quarter profit and announced an acquisition in North Orange County.
PHILANTHROPY: Chan Soon-Shiong’s $4 million to fund health programs.
Dr. Patrick Soon-Shiong’s latest philanthropic endeavor serves as an expression of gratitude to an African-born mentor who helped the biotech billionaire get his start in Los Angeles.
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.
Lions Gate Entertainment Corp. on Wednesday said that it signed a multiyear licensing deal with Jiaflix Enterprises to add films from the Lions Gate and Summit libraries to a steaming media service in China.
Jacobs Engineering Group Inc. on Tuesday announced two acquisition-related deals in China and Brazil to build its overseas operations.
The family foundation of billionaire Los Angeles retail developer Rick Caruso and his wife Tina on Wednesday will announce a multi-million commitment to an educational program in the Watts section of Los Angeles.
Saehan Bancorp on Tuesday said that its shareholders had approved a merger with Wilshire Bancorp.
CBRE Group Inc. on Monday said that it had purchased an affiliated brokerage in South Carolina and a residential development consultancy in London.
Rexford Industrial Realty Inc. has acquired an industrial property in Yorba Linda at auction for $12.7 million.
SPECIAL REPORT: Health Care & Hospitals
LA BioMed Profile: At NovaDigm Therapeutic Inc., scientists believe they are on to something.
SPECIAL REPORT: Health Care & Hospitals
LA BioMed Profile: UCLA pediatric cardiologist and LA BioMed researcher Dr. Ruey-Kan Chang leads a medical device startup, QT Medical, that has a full pipeline.
SPECIAL REPORT: Health Care & Hospitals
LA BioMed isn’t just a research institute, it’s become a thriving business incubator.
Oaktree Capital Group on Friday said its per-share profit rose 33 percent in the third-quarter as the distressed debt investor earned more in fees from its clients for exceeding performance targets.
The Los Angeles Business Journal’s index of largest local public companies fell for the week.
Billionaire Patrick Soon-Shiong's tech holding company NantWorks has agreed to buy Alcatel-Lucent’s digital multimedia business.
Shares of Green Dot Corp. jumped more than 12 percent in after-hours trading Thursday after the prepaid debit card company reported third quarter adjusted profit that met analysts' expectations. It also announced an expanded distribution deal with longtime partner Wal-Mart.
Real estate investment trust Thomas Properties Group Inc. has called a special meeting for Dec. 17 so shareholders can vote on the company’s proposed acquisition by Parkway Properties Inc.
Occidental Petroleum Corp. said that its third-quarter profit rose 15 percent, as the company benefited from an increase domestic oil and natural gas production and higher U.S. energy prices.
Billionaire entrepreneur Al Mann has sold his Sylmar battery technology company, Quallion LLC, for $30 million to EnerSys, an industrial battery maker in Reading, Pa.
Herbalife Ltd. late Monday raised its full-year profit guidance after reporting that its third-quarter profit jumped 35 percent.
Mercury General Corp. on Monday said net income fell 41 percent in the third quarter, as the auto and property insurer saw higher expenses and lower investment income. The results still exceeded Wall Street expectations.
NUTRITION: Prolacta to open plant to increase baby formula production.
Prolacta Bioscience has unveiled its headquarters and a manufacturing plant for the company’s human milk-based nutritional products.
Amgen Inc. on Friday confirmed that 100 employees had been notified earlier this week that their jobs were being eliminated due to the company’s restructuring or outsourcing efforts.
Avery Dennison Corp. on Friday reported a lower third-quarter profit, largely due to expenses related to the sale of two units, but adjusted results beat Wall Street expectations.
The Los Angeles Business Journal’s index of largest local public companies rose for the week, as the markets recovered from declines earlier in the week.
The California Institute of Technology on Thursday said that Thomas F. Rosenbaum, provost and physics professor at the University of Chicago, has been named the Pasadena university’s ninth president.
Reliance Steel & Aluminum Co. on Thursday said weaker metals pricing contributed to a 6 percent decline in third-quarter profit despite higher sales.