Los Angeles Business Journal

Platinum Equity Sells Tech Holding

Platinum Equity on Wednesday said that has sold Truesense Imaging to On Semiconductor Corp., a Phoenix maker of chips for electronic systems.

Former Turner Animation Marketing Exec Joins DreamWorks

DreamWorks Animation SKG Inc. on Tuesday said Brenda Freeman, a former marketing executive at Turner Animation, will be become its head of television marketing.

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USC Medical Center Doubles Up in Downtown

TREATMENT: Keck sees patient volume soar after move closer to L.A. Live.

Hotels and nightlife venues aren’t the only establishments finding success by being near L.A. Live.

American Apparel, MannKind Among Week’s Biggest Movers

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

Long Beach Transit Cancels BYD Bus Contract

The board of Long Beach Transit voted Thursday to cancel the transit agency's contract for 10 of BYD Motors Inc.’s electric buses.

Willow Bay to Lead USC's Journalism School

The USC Annenberg School for Communication and Journalism announced Wednesday that veteran broadcaster Willow Bay has been named director of its School of Journalism. Bay also is the wife of Walt Disney Co. Chief Executive Bob Iger.

Houston Jury Decides Against Reliance Steel

A federal court jury in Houston has awarded at least $52 million to a Houston steel distributor that claimed Reliance Steel & Aluminum Co. and other companies colluded to hinder its growth.

American Apparel Prices $30.5 Million Stock Sale

Shares of American Apparel Inc. dropped another 14 percent on Wednesday after the apparel company priced a dilutive sale of common shares 9 cents below Tuesday’s closing price.

American Apparel Shares Plunge on News of Offering

Shares of American Apparel Inc. fell 22 percent Tuesday after the Los Angeles fashion company said it launched an underwritten public offering of $30.5 million of shares of its common stock in continuing efforts to deal with its dire financial challenges.

Research Solutions, Lions Gate Among Week’s Biggest Movers

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

Times Names New Business Editor

The Los Angeles Times on Thursday announced that Kimi Yoshino has been named the newspaper’s business editor.

Hudson Pacific Prices Stock Offering

Shares of Hudson Pacific Properties Inc. rose slightly on Thursday after the office landlord priced a 3.5 million share secondary offering of stock being sold by shareholders.

Fracking Concerns Moves Carson to Moratorium

The Carson City Council on Wednesday unanimously approved a 45-day moratorium on new oil and gas drilling, largely due to concerns about hydraulic fracking.

Guess Expects a Loss in Current Quarter

Shares Guess Inc. fell nearly 6 percent in after-hours trading Wednesday after the apparel company reported a lower fourth-quarter profit and forecast a loss for the current quarter.

Better-Than-Expected Quarter for KB Home

Shares of KB Home rose nearly 6 percent on Wednesday after the home builder said it moved to a profit in its fiscal first quarter and new home orders had increased.

American Apparel Delays Filing

American Apparel Inc. on Tuesday said it would be late filing its year-end report with the U.S. Securities and Exchange Commission because the company needs to focus on more urgent issues and that its changing situation could affect its annual report.

FDA Panel Backs Staar Product

Shares of Staar Surgical Co. jumped 15 percent on Monday after the lens company announced that a Food and Drug Administration advisory panel had recommended U.S. marketing approval for an implantable eye lens.

C3 Jian Closes $60 Million Financing

UCLA spinoff C3 Jian, Inc., which is developing drugs to fight tooth decay, on Monday said it raised $60.5 million in a just-completed Series D financing.

Rentech Shareholder Group Slams Board, Management

A group of activist shareholders on Monday called on Rentech Inc. to postpone any new stock offerings or other capital raising efforts until after the company’s annual meeting.

Herbalife Discusses Board Nominees with Icahn

Herbalife Ltd. on Thursday said that it would postpone next month's annual shareholder meeting for five days so it can continue discussions with Carl Icahn about adding more of his nominees to the company's board.

FTC Opens Herbalife Probe

Shares of Herbalife fell more than 7 percent on Wednesday after the company disclosed that the U.S. Federal Trade Commission has opened an inquiry into its operations, which have been under attack by an activist hedge fund manager.

Edison Mission Bankruptcy Plan Approved

Edison International said Tuesday that a bankruptcy judge in Chicago has approved the sale of most assets of one of its units to a New Jersey electric utility.

Herbalife Applauds Ackman Expose

Herbalife Ltd. on Monday pointed triumphantly to a New York Times article that provided evidence the company’s leading critic was launching a smear campaign against the L.A. nutritional supplements company for his own advantage.

Griffin Holdings Takes Wipes Maker Private

Griffin Holdings in Century City on Monday said that it has completed its tender offer to acquire Tufco Technologies Inc., a large contract maker of branded wet and dry wipes that is based Green Bay, Wis.

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Biometric Devices Deliver Healthy Funding Round

HEALTH CARE: Scanners pull in $10.7 million for UCLA off-shoot company.

Bruin Biometrics, a UCLA spinoff developing biometric diagnostic sensing devices, completed a $10.7 million funding round late last month, the largest since the Westwood company’s founding in 2009.

Profit Rises at Korn/Ferry

Shares of Korn/Ferry International rose more than 13 percent in Friday, a day after the staffing giant reported fiscal third-quarter profit that was significantly better than analysts expected.

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.