Los Angeles Business Journal

Better-Than-Expected Quarter for U.S. Auto Parts

Shares of U.S. Auto Parts Network Inc. rose more than 12 percent on Friday, a day after the after-market automotive parts distributor reported a significantly smaller fourth quarter loss.

RadNet, U.S. Auto Parts Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

Trader Joe's to Settle 'All-Natural' Lawsuit

A federal judge in San Francisco on Thursday gave preliminarily approval of a $3.4 million settlement that Trader Joe's Co. will pay to settle a class action lawsuit accusing the Monrovia grocery chain of falsely advertising its cookies, apple juice and other products as being "all-natural" even though they contained synthetic ingredients.

Gores Group and Partner Acquire Medical Device Company

The Gores Group and Orange County partner Technology4Medicine have acquired Fotona, a company in Ljubljana, Slovenia that makes medical lasers.

Rentech Sells Alternative Energy Business to Chinese

Rentech Inc. on Wednesday announced that it has agreed to sell its alternative energy technologies and equipment to a Chinese company.

Oaktree Raises Money to Buy Back Ownership Interests

Oaktree Capital on Wednesday priced a public offering of 5 million Class A units at an estimated $60 each, for expected gross proceeds of about $300 million.

AeroVironment Profit Jumps 188 Percent

Shares of AeroVironment Inc. rose nearly 5 percent in Tuesday after-hours trading after the Monrovia company reported strong improvement in its fiscal third-quarter profit and revenue on more orders for both its unmanned drone aircraft and electric car battery chargers.

General Finance Buys Texas Tank Storage Company

General Finance Corp. has expanded its capabilities in the liquid containment storage industry by signing an agreement to acquire Texas tank operator Lone Star.

RadNet Reverses Loss in Fourth Quarter

Shares of RadNet Inc. jumped 18 percent on Monday after the medical imaging services company said it reported a profitable fourth quarter.

CBRE Completes German Acquisition

CBRE Group Inc. on Monday said that it closed its acquisition of Valteq Gesellschaft, a German real estate consulting firm.

Rexford Industrial Acquires South Bay Complex

Rexford Industrial Realty Inc. has acquired a six-building industrial complex in the South Bay area of Los Angeles for $6.6 million.

UTi, Jakks Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

Providence Approved to Take Over Saint John’s Health Center

Providence Health & Services, Southern California on Thursday said it has received approvals from church and state officials to take over Santa Monica's Saint John’s Health Center and the John Wayne Cancer Institute from SCL Health System.

Air Lease Profit Beats Wall Street Forecasts

Shares of Air Lease Corp. climbed in after-hours trading Thursday after the aircraft leasing company reported better-than-expected fourth quarter earnings and revenue.

Platinum Equity Sells Portfolio Company

Platinum Equity on Thursday said it completed the sale of fleet equipment rental company Nesco to an affiliate of Energy Capital Partners.

Jakks Pacific Expects to Turn Profitable This Year

Shares of Jakks Pacific Inc. jumped 23 percent on Wednesday after the toymaker reported a smaller-than-expected fourth quarter loss and said it expects a return to profitability this year.

UTi Worldwide Breaches Debt Covenants

Shares of UTi Worldwide Inc. sank nearly 30 percent Wednesday after the logistics company said it had breached debt covenants and expected to report a fourth quarter loss.

Mercedes-Benz to Turn Former Boeing Plant into Regional HQ

Mercedes-Benz USA plans to use a leased 1.1 million-square-foot former Boeing facility in Long Beach for a training center, vehicle preparation facility and its western U.S. regional office.

Compromise Reached on Arts District BID

Two battling business groups in downtown L.A.’s Art District have reached a compromise to create a new business improvement district for the neighborhood, ending a long-running legal dispute.

ImmunoCellular Drug Gets “Orphan’ Status in Europe

Shares of ImmunoCellular Therapeutics Ltd. jumped 14 percent on Tuesday after the Woodland Hills biotech said European drug regulators granted “orphan” status to its experimental brain cancer drug.

DreamWorks Licenses ‘Shrek’ for Themed Attraction

DreamWorks Animation SKG Inc. on Monday said that it has licensed characters from its hit film franchise “Shrek” to a British theme park operator that will create attractions based on the green orge and his companions.

Losses Narrow for Live Nation

Live Nation Entertainment Inc. on Monday reported a smaller fourth-quarter operating loss as revenue from concerts and other business segments offset lower revenue at its Artist Nation management business.

ReachLocal Releases Open-Source Code for Apps

ReachLocal Inc. on Monday released open-source software code that it said should help other developers create cross-platform mobile apps.

HandsOn3 to Acquire Dallas Firm

HandsOn3 on Monday said that one of its affiliated funds has signed an agreement to acquire BancTec Inc., a Dallas firm that provides financial transaction automation and document management services to companies.

Calderon Brothers Indicted in Corruption Probe

Federal authorities today announced multiple indictments against state Sen. Ron Calderon and his brother, former Assemblyman Tom Calderon, related to the senator’s alleged acceptance of about $100,000 in bribes.

Xencor, United Online Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week.

United to Add Non-Stop Australia Service from LAX

United Airlines on Thursday said that will add nonstop service from Los Angeles to Melbourne, Australia in October.

TPG Closes Acquisition of Gelson’s Parent

Arden Group Inc. said Wednesday that investment firm TPG had completed its acquisition of the company, which operates the Gelson’s Markets chain.

Better-Than-Expected Quarter for Herbalife

Herbalife Ltd. on Tuesday reported a 10 percent rise in fourth quarter profit and raised its guidance based on strong sales of its weight loss products.

Arrowhead Plans Stock Offering

Arrowhead Research Corp. on Tuesday announced plans to sell an undisclosed number of common shares to raise money for clinical drug trials.

Lenders Group to Acquire Classic Party Rentals

Inglewood event rental and services provider Classic Party Rentals Inc. has said it signed an agreement to sell most of its business to a newly established entity owned by the company’s lenders.

Saban Signs Julius Jr. Publishing Deal

Saban Brands has signed global publishing deal with Random House Children's Books for an interactive collection of books inspired by its preschool television series featuring the popular Julius Jr. monkey character.

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Health Plan Nurses Expansion With Doctor Deal

INSURANCE: L.A. Care adds HealthCare physicians to Covered California plan.

L.A. Care Health Plan has added Los Angeles County’s largest operator of physician practices to its plan on the California health exchange.

Medbox Shares Jump on U.S. Banking Ruling

Shares of West Hollywood marijuana services provider Medbox Inc., jumped 27 percent on Friday after U.S. officials took steps that could lead to banks being able serve marijuana-selling businesses.

Qualstar, Arrowhead Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed higher for the week.

Rexford Industrial Buys Ontario Industrial Park

Rexford Industrial Realty Inc. on Thursday said it acquired Ontario Airport Business Park next to LA/Ontario International Airport for $8.55 million.

Occidental Sells Natural Gas Field

Occidental Petroleum Corp on Thursday said it signed a deal to sell its interests in a natural gas field that sprawls across three states to an unnamed buyer for a pretax price of $1.4 billion.

Earnings Roundup: J2 Global, Oaktree, VCA Antech

J2 Global Inc. shares jumped 19 percent in after-hours trading Thursday after the Hollywood company reported better-than-expected adjusted profit and gave optimistic future guidance. Oaktree Capital Group on Thursday said its fourth-quarter profit rose 65 percent. VCA Antech Inc. said that it moved to profit in its fourth quarter as revenue from its veterinary clinics and laboratories grew.

Skechers Reports Better-Than-Expected Quarter

Shares of Skechers USA Inc. jumped than 13 percent in after-market trading on Wednesday after the trendy shoemaker reported fourth-quarter profit that soared past Wall Street estimates.

Cinedigm, Wizard World to Create Digital Channel

Cinedigm Corp. on Wednesday said it will partner with convention organizer Wizard World Inc. to create a new digital network aimed at sci-fi, fantasy and anime fans.

Puma Prices Stock Offering

Puma Biotechnology Inc. early Tuesday priced a public offering of 979,592 common shares at $122.50 a share, 2.6 percent below its later closing price.

Molina Slips to Loss

Shares of Molina Healthcare Inc. fell more than 5 percent on Tuesday, a day after the Medicaid managed care provider said it moved to a loss in the fourth quarter on increased expenses and a retroactive rate reduction in Washington state.

Jacobs Acquires Houston Engineering Firm

Pasadena’s Jacobs Engineering Group Inc. has expanded its presence in Houston and the energy market with the acquisition of oil and gas pipeline specialist Eagleton Engineering.

Motorcar Parts’ Quarter Beats Expectations

Shares of Motorcar Parts of America Inc. rose nearly 15 percent on Monday after the manufacturer and distributor of automotive aftermarket parts reported a better-than-expected fiscal third quarter.

Saban Signs Kids TV Deal with Cirque du Soleil

Saban Brands on Monday said it would partner with Cirque du Soleil Média to create an original, multi-platform children's media property based on the iconic circus entertainment brand.

Rams Owner May Bring Soccer to Inglewood Site

Stan Kroenke may be bringing a soccer team called L.A. Gunners to the 60-acre site he recently purchased in Inglewood, according to British news reports.

Lions Gate Beats Expectations

Lions Gate Entertainment Corp. on Thursday reported a better-than-expected fiscal third quarter profit, boosted by a strong box office for "The Hunger Games: Catching Fire."

Better-than-Expected Quarter for Activision Blizzard

Activision Blizzard Inc. rose nearly 8 percent in after-hours trading Thursday after the video game maker reported adjusted fourth quarter profit that beat Wall Street expectations.

Thomas Properties Veterans Form New Firm

Three former senior executives at recently acquired Thomas Properties Group Inc. have formed Coretrust Capital Partners, an investment management firm with dual headquarters in Los Angeles and Philadelphia.

Nova, Herbalife Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down for the week.