LA BUSINESS JOURNAL DAILY NEWS
Machinima Closes $18 Million Funding Round
Video game-centric YouTube network Machinima Inc. announced Monday it closed an $18 million financing deal with Burbank’s Warner Bros. Entertainment.
Fuhu, a Tablet Maker, Moves into Content Production
Fuhu Inc., maker of the child-friendly Nabi tablet computer, has expanded into content production.
Herbalife Applauds Ackman Expose
Herbalife Ltd. on Monday pointed triumphantly to a New York Times article that provided evidence the company’s leading critic was launching a smear campaign against the L.A. nutritional supplements company for his own advantage.
L.A. Register to Launch April 16
Freedom Communications on Monday announced that it will launch its daily newspaper in Los Angeles next month.
Griffin Holdings Takes Wipes Maker Private
Griffin Holdings in Century City on Monday said that it has completed its tender offer to acquire Tufco Technologies Inc., a large contract maker of branded wet and dry wipes that is based Green Bay, Wis.
Survey: Local Large Health Insurers Rank Low in Satisfaction
Two health insurers based in Los Angeles County ranked poorly in customer satisfaction compared to other competitors in the state, according to a new J.D. Power & Associates report.
Dow, S&P, Nasdaq Fall; LABJ Rises
In Monday trading, the Dow Jones industrial average closed down 35 points to 16,419. The Nasdaq fell 2 points to 4,334. The S&P 500 fell 1 point to 1,877. The LABJ Stock Index rose less than 1 point to 193.
L.A. Unemployment Rate Drops, More Jobs in County
L.A.’s jobless rate dipped below 9 percent in January for the first time in nearly six years, according to state figures released Friday.
Newhall Ranch Project Sued Again
The Newhall Ranch development hit yet another snag this week as environmentalists filed a federal lawsuit to halt construction.
Profit Rises at Korn/Ferry
Shares of Korn/Ferry International rose more than 13 percent in Friday, a day after the staffing giant reported fiscal third-quarter profit that was significantly better than analysts expected.
7-Eleven Liquor Caught in Catch-22
The 7-Eleven on the west side of sleepy La Cañada Flintridge might have a soda fountain and two-for-a-dollar doughnut deals, but don’t call it a convenience store.
Better-Than-Expected Quarter for U.S. Auto Parts
Shares of U.S. Auto Parts Network Inc. rose more than 12 percent on Friday, a day after the after-market automotive parts distributor reported a significantly smaller fourth quarter loss.
Golf-Ball Blocker Fence Too High?
A 166-foot-high fence to keep errant golf balls from flying off a golf course is at the center of a spat between the famed Los Angeles Country Club and developers looking to build two luxury condo towers on the old Robinsons-May site next door in Beverly Hills.
DineEquity's Stewart Sells $4.1 Million in Stock
Julia Stewart, chief executive of DineEquity Inc., has unloaded more than half of her stock in the Glendale restaurant company, according to a filing with the Securities and Exchange Commission.
American Apparel Expects Higher Sales, Lower Earnings
American Apparel has reported it expects that last year’s revenue will be higher than the year before but pre-tax earnings will be much lower.
RadNet, U.S. Auto Parts Among Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies rose for the week.
Dow, S&P Rise; Nasdaq, LABJ Fall
In Friday trading, the Dow Jones industrial average closed up 31 points to 16,453. The Nasdaq fell 16 points to 4,336. The S&P 500 rose 1 point to 1,878. The LABJ Stock Index fell 1 point to 193.
Trader Joe's to Settle 'All-Natural' Lawsuit
A federal judge in San Francisco on Thursday gave preliminarily approval of a $3.4 million settlement that Trader Joe's Co. will pay to settle a class action lawsuit accusing the Monrovia grocery chain of falsely advertising its cookies, apple juice and other products as being "all-natural" even though they contained synthetic ingredients.
Search Underway for New Port of L.A. Director
Mayor Eric Garcetti said today he had launched a global search to fill the executive director position at the Port of Los Angeles.
Gores Group and Partner Acquire Medical Device Company
The Gores Group and Orange County partner Technology4Medicine have acquired Fotona, a company in Ljubljana, Slovenia that makes medical lasers.
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