Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Medbox, Jakks Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest public companies rose for the week. The weighted LABJ index rose 5 percent to close at 204. Gainers outpaced losers by 109 to 40, with 10 companies unchanged.

Stocks Rise

The Dow Jones industrial average rose 128 points in Friday trading to close at 16,805. The S&P 500 rose 14 points to 1,965. The Nasdaq rose 31 points to 4,484. The LABJ Stock Index rose one point to 204.

Strong Earnings, New President for Avery

Avery Dennison saw shares of its stock rise on Friday, following a strong third-quarter earnings report and the appointment of Mitchell R. Butier as the company’s new president and chief operating officer.

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L.A. Launch List: Oct. 24

The Los Angeles Business Journal brings you a weekly roundup of L.A. launches. On this week's Launch List: YP, Nestdrop, MediaHound and more.

Enrou Wins Forbes Under 30 Competition

In just two weeks, Enrou went from scrappy startup to winner of Forbes’ “$400,000 Pressure Cooker” pitch competition held this week during its Forbes Under 30 Summit.

LegalZoom Strikes a Deal with Sam’s Club

LegalZoom.com Inc. has joined with Sam’s Club in a strategic sales agreement that will broaden how the Glendale company sells its do-it-yourself legal documents and services.

Jakks, OSI, City National Beat on Earnings

Hawthorne security systems maker OSI Systems Inc. reported strong earnings Thursday, beating Wall Street expectations and topping last year’s third quarter.

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Work/Life Balance: Karen Murphy O'Brien

Chief Executive of Murphy O’Brien Public Relations on her morning routine, her son’s nascent hip-hop career and working with her husband.

Karen Murphy O’Brien co-founded Murphy O'Brien Public Relations 25 years ago with her husband, Brett O'Brien. The company has since grown to 50 employees working at its West Los Angeles office in the Roll Global Building. It services more than 80 clients, including Peninsula Hotels and The Cheesecake Factory. On a daily basis, O'Brien shuffles between meetings with the company’s management team, has lunch with clients and media influencers, reviews client strategy plans and attends new business presentations. In addition, she works for several charities and serves as a board member of Chrysalis, an organization that helps low-income and homeless Angelenos find and keep jobs. We spoke with Murphy O’Brien about how she juggles it all.

Stocks Rise

The Dow Jones industrial average rose 217 points in Thursday trading to close at 16,678. The S&P 500 rose 24 points to 1,951. The Nasdaq rose 70 points to 4,453. The LABJ Stock Index rose two points to 204.

Mercury General Acquires Workmen’s Auto Insurance

Los Angeles auto and property insurer Mercury General Corp. has agreed to purchase Workmen's Auto Insurance Company of Los Angeles for $8 million, Mercury announced Thursday.

U.S. Senator Requests Whisper Briefing

The Senate commerce committee has asked Whisper to address a report that said the social media app, which promises user anonymity, tracked its users including those who opted out of its geolocation tool.

Profit Drops for Local Oxy Unit Amid Rising Production Costs

Thanks to rising production costs and softening oil prices, profits fell during the third quarter at California Resources Corp., the oil producer that is to be spun off from Occidental Petroleum Corp. next month.

Yahoo Investment Values Snapchat at $10 Billion

Snapchat has added Yahoo as an investor in a financing round that would value the Venice startup at $10 billion, Bloomberg said Wednesday.

Expanding USC Partners With Clinic Operator

USC’s medical system announced on Wednesday that it will partner with Surgical Care Affiliates Inc. to jointly manage surgery centers in the Los Angeles region, starting with one in Glendale.

Hovelstay Opens Doors to Non-College Students

Turns out college students aren’t the only ones looking for cheap sleeping digs.

Board Asks Gov. Brown to Settle Kinkisharyo Dispute

The governing board of the Antelope Valley Air Quality Management District is asking that Gov. Jerry Brown intervene in a dispute threatening Kinkisharyo International from opening a rail car factory in Palmdale.

L.A.’s Top Round Plans Nationwide Roll-Out

Local fast food joint Top Round Roast Beef has just one location, but its owners say they’re ready to expand across the country.

Stocks Fall

The Dow Jones industrial average fell 153 points in Wednesday trading to close at 16,461. The S&P 500 fell 14 points to 1,927. The Nasdaq fell 37 points to 4,383. The LABJ Stock Index fell one point to 201.

Poll: If restaurants raised prices 10 percent across the board to pay for higher minimum wages, would you dine out less?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column on our home page.

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Grindr CEO Says Gay Hookup App Still Scores

Joel Simkhai calls himself the “number one Grindr user.” He’s also the gay dating app’s chief executive.