Los Angeles Business Journal

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.

Soon-Shiong Joins Huffington Publication

Arianna Huffington has signed West L.A. billionaire Dr. Patrick Soon-Shiong as contributing editor in healthcare and technology to her new World Post online publication.

Gores Group Makes Tech Acquisition

Gores Group on Thursday said that it has acquired Zmags Corp., a digital publishing and ecommerce software company

Kennedy Wilson Acquires Shopping Center

Kennedy Wilson on Wednesday said it has acquired an aging 132,995-square-foot retail center in North Hollywood that includes undeveloped property.

Hudson Pacific to Sell Stock, Buy Seattle Property

Hudson Pacific Properties Inc. on Wednesday said it has commenced an underwritten public offering of 8.25 million shares. The Los Angeles real estate company also announced an agreement to purchase a waterfront office and retail property near Seattle’s historic Pioneer Square.

Local Krispy Kreme Franchisee Plans Major Expansion

Krispy Kreme Doughnuts Inc. on Tuesday announced that its longtime Southern California franchisee plans to develop 20 new doughnut shops in the region in the next seven years.

Nasdaq Warns Daily Journal Corp.

The Nasdaq Stock Market has warned Daily Journal Corp. that it is out of compliance with the exchange’s listing requirements because of the company’s delay in filing its year-end report with regulators.

Kennedy Wilson Acquires Pasadena Office Building

Kennedy Wilson said Monday it was part of a partnership that acquired a 175,000-square-foot Class A office complex at 245 S. Los Robles Ave. for $39 million.

East West Completes MetroCorp Acquisition

East West Bancorp Inc. said it had completed its acquisition of MetroCorp Bancshares Inc. in a deal that deal increases its presence in Houston and gives it its first branches in Dallas and San Diego.

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Fitness Company Pumps Up Its Teacher Training

HEALTHCARE: Santa Monica firm sets up Beachbody Live to certify new instructors.

Direct marketer Beachbody made its name bringing the health club experience to the living room.

Live Nation Launches Joint Venture in Taiwan

Live Nation Entertainment Inc. continues to expand in Asia, signing a joint venture agreement with B'In Music International to form Live Nation Taiwan.

K&B and RBZ Merge

Kaufman + Bernstein Inc. in Century City announced Friday that it has merged with West L.A.'s RBZ, one of the largest accounting and business management firms based in Los Angeles County.

Nova, MannKind Among Week’s Biggest Movers

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

BBCN’s Min Steps Down as CEO

BBCN Bank on Thursday announced that Chief Executive Soo Bong Min had retired.

Rexford Industrial Makes Two L.A. County Buys

Rexford Industrial Realty Inc. on Thursday said it had acquired two industrial properties in South Bay and the San Fernando Valley for a combined $8.3 million.

Amgen Announces Partnerships

Amgen Inc. on Wednesday announced two partnerships that the Thousand Oaks biotech hopes will eventually expand its product offerings to treat bowel disorders and colorectal cancer.

NantWorks Announces Two Health Care Partnerships

Two units of Dr. Patrick Soon-Shiong’s NantWorks holding company have announced new collaborations in health information technology and cancer drug development.

MGA Files Another Case Against Mattel

MGA Entertainment Inc. said on Monday it had sued rival toymaker Mattel Inc. for trade-secret theft related to the two companies’ longstanding battle over MGA’s popular Bratz doll line.

Los Angeles DWP Chief Ron Nichols Resigns

Department of Water and Power head Ron Nichols on Thursday announced his resignation amid growing financial and administrative controversies at the agency.

American Apparel Stock Falls on Sales Drop

Shares of American Apparel Inc. fell more than 18 percent on Thursday after the apparel company said same-store sales fell 6 percent last month.

Obit: Former Northrop Chief Tom Jones, 93

Thomas V. Jones, the maverick chief executive who grew Northrop Corp. into an aerospace giant over his 30 years at the helm, died Tuesday of pulmonary fibrosis. He was 93.

CytRx Shares Rise on Cancer Drug Data

Shares of CytRx Corp. rose 6 percent on Wednesday after the biotech company released additional data from a human study of its highly anticipated experimental cancer treatment.

L.A. City Attorney Sues Allenco Energy

Los Angeles City Attorney Mike Feuer on Tuesday filed suit against the operators of a controversial South Los Angeles oil field with operations that have been blamed for noxious vapors causing health problems.

Kennedy-Wilson Prices Stock Sale

Kennedy-Wilson Holdings Inc. on Tuesday priced a public offering of 8 million shares of its common stock at $21.45 a share, a 3 percent discount to Monday’s closing price.

Clearlake Capital Merges Two Retail IT Consultancies

Clearlake Capital Group on Monday said that it has acquired outsourced IT retail consultant Tolt Service Group and was merging it with a portfolio company acquired last year.