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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
Preferred Bank Dips on Loan Concern
Shares in Preferred Bank Los Angeles dropped 12 percent Friday after shares in the bank were downgraded by D.A. Davidson.
Enova Sales Up, But Widens Q1 Loss
Enova Systems Inc. reported a wider first-quarter loss Friday due to greater expenses.
Texas Dialysis Center Probe Completed
Texas health officials said Wednesday that they have concluded their investigation into DaVita Inc.’s Lufkin Dialysis center following a recent spike in patient deaths, a state spokeswoman said. Results of the investigation have not been released.
Edison ‘Early Action’ Plan Proposed
Southern California Edison said Friday that it has proposed to the California Air Resources Board the first major set of “early action” greenhouse gas reduction projects.
Federal Judge OKs Countrywide Suit
A federal judge rejected requests by Countrywide Financial Corp. to dismiss a shareholder lawsuit against executives and directors of the lender, and on Wednesday said that the case should go to trial.
Trio-Tech Swings to Loss on Expenses
Trio-Tech International on Thursday posted a third-quarter loss on decreased sales, sending shares down more than 10 percent.
Shares in En Pointe Drop on Q2 Earnings
Shares in En Pointe Technologies Inc. dropped more than 20 percent Thursday after the company reported decreases in profits and sales.
Afternoon Briefs
Abraxis reports first quarter profit; J2 Global buys Phone People Holdings
MannKind Will Seek Approval for Insulin
MannKind Corp. said it is close to asking for the Food and Drug Administration's approval on its inhaled insulin product.
Kaiser Reaches Rescission Settlement
State regulators on Thursday said they had finalized a settlement with Kaiser Permanente that will compensate 1,092 former or current members whose policies were canceled after they got sick.
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