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.
Shares of Jakks Pacific Inc. jumped more than 25 percent on Wednesday after the toymaker reported a 20 percent rise in third-quarter profit, helped by lower expenses.
Teledyne Technologies Inc. on Wednesday said that it signed a contract with Boeing Co. for avionics data and an information management system for updated versions of the 737, 747 and 777 jetliners.
Shares of Skechers USA Inc. fell 9 percent in after-hours trading Wednesday after the shoemaker’s third-quarter net income fell short of Wall Street expectations even though it rose 143 percent from last year.
Amgen Inc. late Tuesday reported a 25-percent profit increase in the third quarter, boosted by a jump in sales of its infection-fighting drugs. The biotech giant also raised its full-year revenue forecast.
Gov. Jerry Brown on Tuesday went to Bell Gardens to help campaign contributor Bicycle Casino celebrate the pending construction of its new luxury hotel.
Teledyne Technologies Inc. on Tuesday said that it acquired C.D. Ltd., a marine engineering company in Aberdeen, Scotland.
Edison International’s bankrupt Edison Mission Energy has been acquired by New Jersey electric utility NRG Energy Inc. in a stock-and-cash deal valued at $2.6 billion.
Global Eagle Entertainment on Monday announced it had acquired Travel Entertainment Group Equity Ltd. for $36 million.
Cathay General Bancorp said Monday its third quarter profit rose a better-than-expected 15 percent and loans grew across the board.
The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week, as the markets rebounded from earlier losses.
Cinedigm Corp. late Thursday said that it will acquire the licensing and distribution business of Colorado media company Gaiam Inc. for $51.5 million.
Strong global sales of its flagship Barbie and newcomer doll lines such as Monster High helped boost Mattel Inc.'s third quarter net income 16 percent.
Shares of Joe’s Jeans Inc. fell more than 8 percent Wednesday, a day after the apparel maker said it moved to a loss in the third quarter on declining sales of one brand and expenses related to an acquisition.
Banc of California Inc. on Tuesday announced the completion of the merger of its two banking subsidiaries, Pacific Trust Bank and Private Bank of California, into a single national charter bank called Banc of California.
MannKind Corp on Monday said it had submitted a revised application to the U.S. Food & Drug Administration to allow the company to market its inhaled diabetes drug Afrezza. The submission includes results from two additional clinical trials required by regulators.
Xencor Inc., a Monrovia company developing antibody-based drugs to treat cancer, autoimmune diseases and other conditions, on Friday filed for an initial public offering.
The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week as the markets rebounded.
West L.A. mobile ad platform Airpush on Thursday said it would buy Hubbl, a New York developer of in-app advertising and personalization technology for mobile devices.
UCLA Health System and the Motion Picture & Television Fund on Wednesday said UCLA plans to take over operations and leases on six Fund health clinics that now serve entertainment industry workers.
Green Dot Corp. on Tuesday said it has appointed Grace Wang as chief financial officer, effective Nov. 18. She succeeds John Keatley, who left last month.
RealD Inc. shares jumped more than 9 percent Monday, boosted by a stronger-than-expected weekend box office for the space thriller “Gravity.”
Health care real estate firm HCP Inc. on Thursday said it fired longtime chief executive James Flaherty.
Molina Healthcare Inc. on Thursday said that its board has authorized the repurchase of up to $50 million worth of the company's common stock.
Caruso Affiliated and the Los Angeles County Museum of Art on Wednesday said they will pay for a feasibility study on a proposal to build a Fairfax Avenue trolley line between the Grove shopping center and the Miracle Mile museum.
Activision Blizzard Inc. said in a regulatory filing that it would seek shareholder approval of its plan to buy back its stock from controlling shareholder Vivendi if an appeal of a court injunction fails.
Thomas Properties Group Inc. said Tuesday it has completed the liquidation of a joint venture with the California State Teachers' Retirement System.
Platinum Equity on Tuesday said that it has acquired MetoKote Corp., a Lima, Ohio provider of industrial metal coating services.
CBRE Global Investors, CBRE Group Inc.’s investment management business, is expected to end a $700 million real estate debt fund following the departure of key executives.
The chief executive of Santa Monica’s Morley Builders and his adult son were believed to have been on a private plane that crashed after landing at Santa Monica Municipal Airport Sunday night, apparently killing all on board.
Cathay General Bancorp announced late Monday it had redeemed the last of the preferred stock it issued to the U.S. Treasury under the Troubled Asset Relief Program Capital Purchase Program during the financial crisis.
Grandpoint Bank has completed its acquisition of Gilmore Bank from A.F. Gilmore Co.
The Los Angeles Business Journal’s index of largest local public companies fell for the week.
TCP Capital Corp. on Thursday priced a public offering of 3.8 million shares of its common shares at $15.76 a share, which will raise about $60 million.
Wilshire Bancorp Inc. late Thursday announced that the name of its Wilshire State Bank subsidiary will change to Wilshire Bank as of Oct. 4.
In a ceremony in downtown Los Angeles this morning, Gov. Jerry Brown signed into law a bill that will increase California’s minimum wage to $10 an hour over three years.
A Laguna Beach private investment firm that is the fifth largest shareholder in U.S. Auto Parts Network Inc. said it wants to buy out the largest holder’s stake so it can better influence a turnaround of the Carson automotive e-commerce company.
Genesis Biopharma Inc. late Wednesday announced a 1-for-100 reverse stock split that will be effective Thursday. The company will change its name to Lion Biotechnologies Inc., and be run by former ImmunoCellular Therapeutics head Manish Singh.
KB Home on Tuesday said that it sold more homes at higher prices in its fiscal third quarter, resulting in a significant rise in net income.
Molina Healthcare Inc. on Tuesday said that it plans to protest its exclusion from Florida’s Medicaid managed care market, starting next year.
The Nuclear Regulatory Commission on Monday said it would cite Southern California Edison Co. and Mitsubishi Heavy Industries for alleged design flaws in steam generators that resulted in closure of the San Onofre nuclear power plant.
HEALTH CARE: Program aimed at nonunion workers who move from job to job.
A payroll services company has formed a partnership with an employee benefits consultant and a health insurer to serve a segment of TV and film workers under health care reform.
The Los Angeles Business Journal’s index of largest local public companies closed up for the week.
Boingo Wireless Inc. on Thursday said that it signed an agreement to acquire Advanced Wireless Group, a competing airport Wi-Fi provider.
OpenGate Capital on Thursday said that it signed an agreement with Harte-Hanks Inc., to acquire the assets of the PennySaver free shopping newspaper chain.
Pacific Coast Energy Co., a private entity run by the founders of BreitBurn Energy Partners, late Wednesday announced a secondary offering of 13.5 million existing units in its publicly traded Pacific Coast Oil Trust.