LA BUSINESS JOURNAL DAILY NEWS
Net Neutrality Wins; What L.A. Tech Has to Say
L.A. tech leaders who spoke to the Business Journal on Thursday offered nearly unanimous support of the FCC’s vote, although some with reservations. What follows is a sampling of their reaction.
Herbalife's Fourth-Quarter Earnings Prove Disappointing
Herbalife Ltd., the embattled downtown Los Angeles nutritional supplement company, reported its fourth quarter earnings, with some disappointing results, after markets closed Thursday.
National Technical Acquires Trace Laboratories
National Technical Systems Inc., a Calabasas engineering and testing company, announced Thursday it has acquired Trace Laboratories in Baltimore.
L.A. Cargo Volumes Fall in January
The Port of Los Angeles saw January cargo volumes fall nearly 23 percent compared with the same month a year ago, a result of the slowdowns and partial shutdowns that gripped the local ports during contentions contract negotiations between shipping lines and dockworkers. Those negotiations wrapped up last week.
Stocks Mixed
The Dow Jones industrial average rose 10 points in Thursday trading to close at 18,214. The S&P 500 fell three points to 2,111. The Nasdaq rose 21 points to 4,988. The LABJ stock index fell one point to 226.
Twenty20 Launches Photo Catalog With $8 Million
Twenty20, a crowdsourced commercial image catalog, has launched out of beta with $8 million in Series A funding.
Iconic Mountaintop Broadcast Tower Site for Sale
One of America’s most historic and iconic broadcasting landmarks is for sale.
Markets Mixed
The Dow Jones industrial average rose 15 points in Wednesday trading to close at 18,225. The S&P 500 fell two points to 2,114. The Nasdaq fell one point to 4,967. The LABJ stock index rose one point to 226.
Garcetti Calls for Net Neutrality
Eric Garcetti has thrown one more jab in the country’s net neutrality fight.
Jakks Shares Plunge Despite Strong Earnings
Malibu toy maker Jakks Pacific Inc. is back in the black, reporting its first profitable year since 2011.
Work/Life: Leslie Gallin
The president of footwear at event and convention producer UBM Advanstar on multi-tasking, Beverly Glen and blending work with her personal life.
Leslie Gallin, president of footwear at UBM Advanstar in Santa Monica, oversees all of the company’s footwear trade shows, including FN Platform, which she singlehandedly launched in 2010, and Magic, a big forum for fashion brands and buyers that takes place annually in Las Vegas. Gallin was vice president of footwear for Advanstar until she was promoted last August. Before joining the company, she was director of the collections at the World Shoe Association and Sole Commerce. Gallin spoke with the Business Journal about maintaining a sense of humor despite a heavy workload.
Poll: Should business people start something entrepreneurial after 50?
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 of our home page.
Dutchman Indicted on Identity Theft, Hacking Charges Related to Film Thefts
A Dutch national was indicted Tuesday by a federal grand jury on aggravated identity theft and federal hacking charges related to the 2010 theft of three Hollywood movies, the Department of Justice said.
Machinima and Vimeo Join Forces
Machinima, a West Hollywood online gamer network, has partnered with Vimeo to produce exclusive content for the New York firm’s video-on-demand platform.
Lions Gate Invests in Telltale Games
Lions Gate has invested in San Rafael developer and publisher Telltale Games to further the Santa Monica studio’s brand expansion into gaming.
DreamWorks Selling, Leasing Back Campus in Glendale
DreamWorks Animation SKG Inc. plans to sell and lease back its Glendale campus as the struggling studio continues to deal with the fallout from a string of box office bombs.
State Plastic Bag Ban Put on Hold as Ballot Referendum Qualifies
Plastic bag manufacturers and other opponents of a statewide ban on plastic bags have qualified a referendum for the November 2016 ballot, thereby putting the ban on hold, the California Secretary of State’s office said Tuesday.
Briefs
Restraining Order Closes Collective, Shareholders Approve Pacific Commerce Bank Purchase, Blackline Hires CFO, Lion to List on Nasdaq
Stocks Rise
The Dow Jones industrial average rose 92 points in Tuesday trading to close at 18,209. The S&P 500 rose six points to 2,115. The Nasdaq rose seven points to 4,968. The LABJ Stock Index fell one point to 225.
San Dimas Man Arrested in $9 Million Scheme to Defraud East West Bank
The Department of Justice announced Tuesday that it has arrested Chung Yu “Louis” Yeung of San Dimas for his alleged role in a scheme that Pasadena’s East West Bank said cost it more than $9 million. Yeung’s alleged co-conspirator, Guo Xiang “David” Fan, remains at large.
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