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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
Business Group Takes Case to Washington
Los Angeles Mayor Antonio Villaraigosa was in the nation’s capital Tuesday heading up a delegation of 200 business leaders who will ask Congress for help in jumpstarting the local economy.
Hanmi Struggling to Raise Capital
Hanmi Financial Corp., one of Koreatown’s largest bank holding companies, said Monday that it may have trouble complying with a regulatory order to raise $100 million in capital before July 31.
Hanmi Bank Struggling to Raise Capital
Hanmi Financial Corp., one of Koreatown’s largest bank holding companies, said Monday that it may have trouble complying with a regulatory order to raise $100 million in capital before July 31.
DWP Announces Carbon Surcharge for Rate-Payers
Los Angeles Mayor Antonio Villaraigosa on Monday announced a carbon reduction surcharge that will be added to electricity bills issued by the city’s Department of Water and Power.
OpenGate Capital Buys London Fashion House for $7.5 Million
OpenGate Capital, a private equity firm in Beverly Hills that recently bought TV Guide magazine, announced Monday it will acquire fashion label Nicole Farhi from French Connection Group.
Angel’s Flight Trains Resume Operations
This morning at 6:45 a.m., service resumed on the Angel’s Flight Railway in downtown Los Angeles after a nine year hiatus.
RadNet Shares Jump on Positive Earnings
Medical clinic chain RadNet Inc. on Monday reported positive net income for the fourth quarter of 2009, sending its share up 9 percent in midday trading.
MannKind Drug Fails to Win FDA Approval
Afrezza, the inhaled insulin made by MannKind Corp. in Valencia, failed to win approval from federal regulators on Monday, sending MannKind shares down as much as 37 percent.
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.
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.
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