BioSig Technologies Inc., a West Los Angeles medical device development company, on Wednesday said that David J. Drachman has been hired as chief executive, effective immediately.
The Daily Journal Corp. on Tuesday said that it has acquired most of the operating assets and liabilities of ISD Corp., which provides legal case management systems to courts and other governmental agencies.
The Beverly Hills owner of Metro-Goldwyn-Mayer studio on Friday said that its board had adopted both a $75 million stock buyback program, and a “poison pill” plan to discourage hostile takeover attempts.
The Los Angeles Business Journal’s index of largest local public companies closed higher for the week in line with recovery in the broader markets.
Walt Disney Co.’s chief financial officer on Thursday said the Burbank entertainment giant plans to buy back between $6 billion to $8 billion of its stock beginning next year in an effort to increase investor returns.
Canyon Multifamily Impact Fund, a joint venture between Century City’s Canyon Capital Realty Advisors and a unit of Citibank, on Thursday said it has made its first investment, a multifamily complex in Palmdale called the Fountains.
Farmer Bros. Co. said Wednesday that it would restate its quarterly and annual financial statements for three full fiscal years in order to correct errors in accounting for the company's postretirement benefit obligations.
Kilroy Realty Corp. said late Wednesday that it has commenced a public offering of 4.5 million shares of its common stock.
Relativity Media, the Beverly Hills media company led by Ryan Kavanaugh, has launched a fashion talent representation arm.
Kennedy-Wilson Holdings Inc. on Tuesday priced an offering of 6 million common shares at $18.50 per share. The offering is expected to take in more than $111 million.
Clearlake Capital Group on Tuesday said that it completed the acquisition of Futuris Automotive from Elders Limited.
Furniture Brands International Inc., the St. Louis owner of several well-known furniture lines, on Monday said it filed for Chapter 11 reorganization, and that Oaktree Capital Management has placed an opening bid for most of its assets.
Brookfield Office Properties Inc. on Monday extended for another week its cash tender offer to purchase all outstanding preferred shares of MPG Office Trust Inc.
General Finance Corp. on Monday reported better-than-expected fiscal fourth quarter revenue, but earnings per share missed Wall Street forecasts.
INSURANCE: Seaside from MemorialCare will operate in state exchange program.
MemorialCare Health System last week launched Seaside Health Plan, part of the hospital operator’s efforts to adapt to national health care reform.
The Los Angeles Business Journal’s index of largest local public companies closed up for the week in line with the recovery in the broader markets.
The billionaire Gores brothers’ private equity firms have sold Alliance Entertainment LLC to smaller Irvine music and video wholesaler Super D, the firms announced Thursday.
Platinum Equity announced the closing of its third buyout fund, giving the company about $3.75 billion to acquire and turn around undervalued businesses.
Dr. Thomas McAfee, who was set to begin a new job today beefing up the USC health system’s pool of physicians, died over the Labor Day holiday following an accident while on vacation in Africa.
Pacific Commerce Bank on Tuesday announced that it had been released from its final set of regulatory restrictions.
INSURANCE: Industry expo serves up chance to discuss employee coverage.
The hottest topic at last week’s 2013 Western Foodservice & Hospitality Expo wasn’t the latest in ergonomic chef knives or the annual Culinary Clash cook-off. It was Obamacare.
Vantage Oncology LLC in Manhattan Beach announced that a subsidiary has acquired Radiation Oncology Services of America Inc., which owns and operates 17 radiation oncology centers in five states.
KB Home said that it has acquired 40 acres of land in Eastvale, east of Los Angeles, and plans to build 207 houses there starting next spring.
Thousand Oaks biotech giant Amgen Inc. could decide to pay less than it offered earlier this month for Onyx Pharmaceuticals Inc., after Onyx reportedly provided less-than-complete clinical trial data on a blood-cancer drug.
Semtech Corp. reported a better-than-expected fiscal second quarter profit, but was cautious about prospects, citing inventory issues at some smartphone manufacturers that use its semiconductors.
Guess Inc. late Wednesday said that it named its chief information officer, Michael Relich, to the position of chief operating officer.
Hanmi Financial Corp. on Tuesday said its board has declared a cash dividend on its common stock of 7 cents a share, payable on Sept. 17.
Primco Management Inc. on Tuesday said that it has agreed to acquire a 20 percent equity ownership in the Basketball Channel, a digital broadcaster of sports programming.
International Rectifier Corp. on Monday reported a fiscal fourth-quarter loss that was significantly smaller than Wall Street expected, as the maker of power management semiconductors benefited from higher revenue and improved gross margins.
Positive clinical trial results for MannKind Corp’s first product have made the company eligible for a second stage of financing from its new supporter, the company announced Friday.
DTS Inc. reported a better-than-expected second quarter, but the audio technology company but was cautious in its guidance based on prospects for lower consumer electronics spending.
Shares of MannKind Corp. jumped nearly 11 percent after the inhalable insulin treatment maker said two long-waited clinical trials indicated that its inhaler helps diabetics control their condition.
Santa Monica direct-marketing giant Guthy-Renker LLC has sold its solar energy marketing subsidiary, Paramount Solar, to one of its partners, SolarCity Corp., in a stock-and-cash deal valued at $120 million.
Los Angeles Mayor Eric Garcetti on Tuesday announced his appointments to the Board of Airport Commissioners, with only one holdover from the Villaraigosa administration.
Wilcon, a downtown L.A. regional fiber optic network and data center company, on Tuesday said it acquired a Marina Del Rey competitor, Freedom Dark Fiber Networks.
American Apparel Inc. on Monday reported better sales and operating results in the second quarter, but its net loss deepened, largely due to refinancing-related costs.
Hermosa Beach investment firm Marlin Equity Partners on Monday announced that it has acquired 6N Systems, its third tech deal in a month and the second in the health care sector.
Mondrian Hotel owner Pebblebrook Hotel Trust announced that it has acquired Hollywood’s boutique Redbury Hotel from CIM Group for $34 million.
MannKind Corp. late Friday said that its loss widened in the second quarter, which a year earlier included a significant one-time gain.
The Los Angeles Business Journal’s index of largest local public companies fell for the week.
Lions Gate Entertainment Corp. on Thursday said it moved to a fiscal first-quarter profit from a year-ago loss, boosted by home entertainment sales and revenue from TV shows such as "Mad Men.”
Shares of Live Nation Entertainment Inc. jumped 12 percent on Wednesday, a day after the concert promoter and ticket seller reported higher concert attendance and that the sale of one of its venues had significantly boosted second-quarter profit.
PowerOne Corp., a Chicago company that provides discounted electricity to commercial customers, announced that it would buy Power Equity Inc., a smaller Garden Grove competitor it has used as a contractor in the past
Walt Disney Co. on Tuesday said that profit rose slightly in the fiscal third-quarter, as higher revenue at its theme parks and its ESPN networks offset losses at its film studio unit.
Share of Aecom Technology Corp. dropped 17 percent on Tuesday after the professional technical services company cut its full-year earnings guidance.
Edison International said Monday that it has acquired Chicago commercial rooftop solar provider SoCore Energy LLC.
Macerich Co. reported better-than-expected second quarter revenue and adjusted profit late Monday as the real estate investment trust benefited from higher sales by tenants and the sale of five non-core malls in smaller markets.
PHILANTHROPY: Wilshire State and UCLA team on dental care program.
The UCLA School of Dentistry and Koreatown’s Wilshire State Bank have formed an unusual partnership to provide better dental care to underserved residents in and around downtown Los Angeles.
Thomas Properties Group announced a second-quarter net loss and said that it had exercised an option to buy out a long-time joint venture that owns downtown’s City National Plaza and some out-of-state properties.
DirecTV on Thursday missed second-quarter profit forecasts and admitted that it had added fewer Latin American subscribers than expected, a potential sign that the satellite TV provider’s fastest-growing market is faltering.