SpaceX Spacecraft Heading to Space Station
Space Exploration Technologies Corp. early Tuesday launched a long-awaited mission to send the first private space craft to the International Space Station.
Machinima Raises $35 Million
Machinima, a Los Angeles online video entertainment company targeting computer gamers, said it has raised $35 million in a financing round led by search engine giant Google.
Reznick Group, J.H. Cohn Plan Merger
J.H. Cohn LLP and Reznick Group P.C., two national accounting firms with Los Angeles offices, said that they will merge. The deal is expected to create the nation’s 11th largest accounting firm.
SpaceX Reschedules Space Station Run to Tuesday
Space Exploration Technologies Corp. said it will try again tomorrow to send the first private space craft on a cargo run to the International Space Station, after a Saturday launch was scrubbed for technical reasons.
DaVita to Buy HealthCare Partners
DaVita Inc. the nation’s largest operator of dialysis clinics, plans to buy HealthCare Partners, Los Angeles County’s largest operator of physician practices, in a deal valued at more than $4.4 billion.
Signatures Submitted for Health Insurance Rate Initiative
Proponents of an initiative that would give California regulators the power to regulate health insurance rates submitted 800,000 voter signatures on Friday in hopes of qualifying the measure for the November ballot.
The Week’s Big Movers
The Business Journal’s index of largest local public companies closed down for the week as concerns about Europe’s economy sent the markets lower during the week.
Power-One Shares Fall on Downgrade
Shares of Power-One Inc. fell nearly 9 percent Friday morning following an analyst’s downgrade.
CKE Files for IPO
Fast-food restaurant operator CKE Inc., which was taken private about two years ago, has filed with regulators to raise up to $100 million in an initial public offering.
Western Asset Mortgage Capital Shares Fall After IPO
Shares of Western Asset Mortgage Capital Corp. fell in their first day of trading on Thursday, after the real estate investment trust initial raised $160 million in its initial public offering.
Kythera Files for IPO
Kythera Biopharmaceutical Inc., which is developing prescription treatments for the aesthetic market, has filed with the Securities and Exchange Commission to raise up to $86 million in an initial public offering.
‘Hunger Games’ Boosts Hot Topic’s Quarter
Like “Twilight” before it, merchandise tied to the hit film “Hunger Games,” turned Hot Topic Inc. to a profit in first quarter.
Skechers to Pay $45 Million in Deceptive Advertising Case
Skechers USA Inc. has agreed to pay about $45 million to settle charges by federal and state regulators that the company made overhyped advertising claims that its Shape-ups shoes would help people lose weight and tone muscles faster.
CytRx Plans Reverse Stock Split
Cancer drug developer CytRx Corp. announced a reverse split of its common stock that should help the company become compliant with Nasdaq listing requirements.
Hudson Pacific Properties to Sell Stock, Buy Buildings
Hudson Pacific Properties Inc. said that it plans to buy two office-retail complexes in Los Angeles and San Francisco. The deals will be financed as part of an offering of 10 million shares of stock.
Cereplast Signs Receivables Deal with Indian Firm
Shares of Cereplast Inc. jumped 18 percent on Monday after the bioplastics company announced a deal with an Indian firm that will distribute products now in the hands of European customers that haven’t paid their bills.
Kennedy Wilson Acquires Sacramento Apartment Community
Kennedy Wilson and partners have acquired an apartment community in Sacramento in a $64 million deal.
Platinum Equity to Buy Part of Caterpillar’s Logistics Business
Platinum Equity LLC has agreed to acquire a 65 percent stake in Caterpillar Logistics Services LLC, the third-party logistics division of Caterpillar Inc., for about $750 million.
Caruso Named Ernst & Young LLP Master Entrepreneur of the Year
Ernst & Young LLP said that Los Angeles developer Rick Caruso will receive the 2012 Master Entrepreneur of the Year Award for Greater Los Angeles.
LegalZoom Files for IPO
Legalzoom.com, which provides online legal services, has filed with regulators to raise up to $120 million in an initial public offering.
Tutor Perini Wins Contract to Build Arizona Indian Casino
An Arizona Indian community has selected Perini Building Company Inc. to develop and construct a new $135 million casino and resort hotel at the tribe’s Vee Quiva Casino near Phoenix.
Qualstar Appoints CEO
Qualstar Corp. has appointed Lawrence D. Firestone as chief executive officer and president. He will succeed William J. Gervais, who is retiring next month.
First California Rejects PacWest Buyout Offer
First California Financial Group Inc. has turned down an offer to be acquired by Century City’s PacWest Bancorp for $212 million in stock.
CBRE’s CEO to Retire
CBRE Group Inc. announced that Chief Executive Brett White would retire at the end of the year. He will be succeeded by the company's president, Robert Sulentic.
Live Nation Buys British Concert Promoter
Live Nation Entertainment Inc. announced the acquisition of Cream Holdings Ltd., a British promoter of live electronic music events.
Disney’s Quarter Beats Expectations
The Walt Disney Co. said that its fiscal second-quarter profit jumped 21 percent, with stronger revenue from its theme parks and pay TV networks offsetting losses at the film studio unit.
Burbank Sued to Stop Wal-Mart
Wal-Mart Stores Inc. is facing a new roadblock in its effort to open a store in Burbank, with three residents filing a lawsuit to force the city to conduct an environmental impact report.
Wesco Aircraft Lowers Guidance After Profit Falls
Shares of Wesco Aircraft Holdings Inc. fell more than 15 percent Tuesday morning, a day after the aircraft parts provider reported a drop in fiscal second-quarter profit and lowered its full-year guidance.
Latin American Growth Drives Higher DirecTV Profit
DirecTV Inc.’s first quarter profit rose 8.5 percent, as better-than-expected subscriber growth in Latin America more than offset lower-than-expected growth in the United States.
PennyMac Announces 10-Million Share Offering
PennyMac Mortgage Investment Trust said late Monday that it will offer 10 million common shares in an underwritten public offering.
American States Water’s Quarter Beats Expectations
American States Water Co. reported first quarter revenue and profit that beat Wall Street forecasts.
Frederick's of Hollywood to Explore Strategic Alternatives
Frederick's of Hollywood Group Inc. has retained New York investment bank Allen & Co. to assist the directors in evaluating strategic alternatives that could include a sale or merger of the company.
Ixia to Buy Competitor
Ixia said that it will buy Anue Systems Inc. for $145 million in cash.
The Week’s Big Movers
The Business Journal’s index of largest local public companies closed down for the week, as worries about private-sector hiring trends triggered a late-week decline.
Physicians Formula’s Quarter Beat Wall Street Forecasts
Shares of Physicians Formula Holdings Inc. jumped 22 percent on Friday, a day after the cosmetics company reported first-quarter profit that significantly beat analysts’ expectations. The company also raised its full-year guidance.
‘Puss’ Boosts DreamWorks Animation’s Quarter
DreamWorks Animation SKG Inc. said that its first-quarter profit rose slightly, largely driven by home video and overseas theatrical revenue from its hit movie “Puss In Boots.”
True Religion’s Quarter Beats Wall Street’s Forecast
Shares of True Religion Apparel Inc. rose 6 percent Wednesday morning after the apparel company said its first-quarter profit rose nearly 16 percent and announced it would start paying a quarterly dividend.
Dodgers Sale to Magic Johnson Group Completed
The $2 billion sale of the Los Angeles Dodgers to Guggenheim Baseball Management, a group that includes former Los Angeles Lakers star Magic Johnson, was completed today, the team announced.
Jacobs’s Quarter Misses Expectations
Shares of Jacobs Engineering Group Inc. fell 5 percent on Tuesday after the company reported fiscal second-quarter profit and revenue that missed Wall Street forecasts and trimmed its full-year guidance.
Kodak Theater Now Dolby Theater; Oscars to Remain
The Kodak Theatre will be renamed Dolby Theatre and the Academy Awards show will continue to be held there for the next 20 years, under agreements announced Tuesday by the owner of the Hollywood & Highland Center.
Herbalife Shares Plunge on Outlook, Analyst’s Questions
Herbalife Ltd. reported a better-than-expected quarterly profit as it sold more products across all its regions. But shares plummeted 20 percent Tuesday after the company forecast second-quarter earnings below estimates and a noted hedge fund investor questioned some of the company’s disclosures.
L.A. Tourism Board Chief to Retire
Mark S. Liberman, president and chief executive of the Los Angeles Tourism & Convention Board, announced that he plans to retire by the end of the year.
DineEquity’s Quarterly Profit Rises on Lower Costs
Shares of DineEquity Inc. jumped more than 10 percent Tuesday morning after the restaurant operator said first-quarter profit rose 6 percent as the company benefited from lower interest expenses and impairment charges.
Demand Media Shares Rise on Report of Aborted Takeover Deal
Shares of online publisher Demand Media Inc. gained more than 14 percent on Monday following a media report that it had recently rejected a $1.2 billion deal to be bought by a private equity firm.
NanoH2O, Inc. Raises $60.5 Million in Equity and Debt
NanoH2O Inc., which is developing an improved reverse osmosis membrane for seawater desalination, said that it raised a total of $60 million in equity and debt funding.
Molina Healthcare’s Quarter Beats Expectations
Molina Healthcare Inc. said that its first quarter net income rose a better-than-expected 4 percent, largely from expansion of its health insurance business in Texas.
MannKind Licenses Experimental Drugs to Utah Company
MannKind Corp. announced that it is licensing a portfolio of early-stage experimental drugs to Tolero Pharmaceuticals Inc. in a deal that could be worth more than $130 million.
Billionaire Shares His Write Stuff
Eli Broad details his unconvential approach in new business book.
In his new book billionaire Eli Broad talks about how being unconventional can pay off.
Investors Look to Get Leg Up on Shoemaker Shares
New lines could help Skechers shape up after Shape-ups.
Investors slip into Skechers stock as the shoemaker ramps up new products.
On Assignment Reports Strong Quarter
Shares of On Assignment Inc. gained 8 percent on Friday after the specialty staffing firm said its first quarter profit jumped 54 percent on strong growth in all the industries it serves.
Prev Next
>>