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Updated: 3/14/2010 3:05:53 AM
This Week’s Big Movers
The Los Angeles Business Journal’s index of the largest local public companies closed up for the week, as mixed economic reports held the stock market.
Podcast: Highlights from the L.A. Business Journal
Easy access to the Los Angeles Business Journal podcast is available from a link at the upper right corner of the home page. Click the standing link there, or here, to hear Editor Charles Crumpley provide highlights from the March 15 edition.
Lions Gate Rejects Icahn’s Offer
Lions Gate Entertainment Corp. has rejected Carl Icahn's unsolicited bid to increase his stake in the Santa Monica independent film studio. Its board also adopted a “poison pill” shareholders rights plan to discourage further efforts by the billionaire activist investor.
Planning Commission Approves Bundy Village
Consideration of Bundy Village, an 11.5-acre medical facilities and senior housing project in West L.A., now moves to the City Council after the Planning Commission endorsed a downsized version of original plans.
BreitBurn Slips to Loss
BreitBurn Energy Partners LP said it swung to loss in the fourth quarter partly because of lower energy sales and investment losses.
More Latest Local News...
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Karatz Goes on Trial for KB Home Backdating
Bruce Karatz, the former chief executive officer of KB Home, stole from investors by backdating stock options he received and lied about it to the homebuilder’s lawyers, a prosecutor said at the start of Karatz’s trial. |
Disney Narrows Its Movie Focus, Building on Known Characters
As DVD sales stall and small comedies flop, the Burbank entertainment giant is sticking with known characters, such as its recently acquired stable of Marvel comic heroes. |
Hilton's CEO Sells L.A. Home
Relocating for business reasons, Christopher Nassetta, president and chief executive of Hilton Worldwide, has sold his Los Angeles home for $18 million, about 35 percent less than his $27.5 million purchase price in 2007. |
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