Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Fandango Buys Movieclips from Zefr

Fandango, a movie information and ticket-purchasing website owned by Burbank’s NBCUniversal, has acquired the 45,000-item Movieclips catalog from Venice ad services firm Zefr.

AllenCo to Spend $700,000 on Improvements

The U.S. Environmental Protection Agency on Thursday announced an agreement with AllenCo Energy Inc. that will require the Signal Hill company to make significant improvements at its controversial oil field near USC.

American Homes Plans Secondary Offering

American Homes 4 Rent on Thursday announced yet another public offering of preferred shares as it continues to acquire rental homes across the country.

USC School to Offer First Online Doctorate

USC's Rossier School of Education is working with an Arizona provider of cloud-based educational software to launch the school's first doctorate degree delivered online, a Doctor of Education in Organizational Change and Leadership.

Dow Flat, Nasdaq, S&P and LABJ Rise

In Thursday trading, the Dow Jones industrial average closed unchanged at 16,502. The Nasdaq rose 21 points to 4,148 The S&P 500 rose 3 points to 1,879. The LABJ Stock Index rose less than 1 point to 187.

Oversee.net Sells Domain Monetization Business

Downtown Los Angeles Web and mobile publisher Oversee.net has sold its domain monetization business known as “DomainSponsor” to Rook Media, a Swiss tech firm.

New Owner for Popular Bank Branches

Twelve Los Angeles-area branches of Puerto Rico’s Popular Community Bank are being purchased by an Orange County lender.

Mattel Makes Barbie Film Deal With Sony

Sony Pictures Entertainment and toymaker Mattel Inc. on Wednesday announced a deal to bring the El Segundo toymaker's Barbie doll to life in a comedy film.

Better-Than-Expected Quarter Boosts Skechers

Shares of Skechers USA Inc. jumped 5 percent Wednesday after the Manhattan Beach shoe company announced first quarter earnings that soared above expectations.

Jakks Pacific Shares Fall on Earnings

Shares of Jakks Pacific Inc. fell 9 percent on Wednesday after the toy company reported higher revenue and a narrower loss in the first quarter.

Earnings Roundup: Avery, Cheesecake, IPC, Teledyne, On Assignment

A slimmer Avery Dennison Corp. on Wednesday announced fiscal first quarter results that were in line with Wall Street expectations for profit. Cheesecake Factory Inc. said Wednesday that same-store sales rose at most of its outlets during the fiscal first quarter but poor weather cut into profits. IPC disappoints. Defense cuts hit Teledyne. On Assignment meets forecasts.

Environmentalists Cite Global Warming to Block Burbank Ikea

An L.A. environmental group is seeking to halt a planned Ikea in Burbank that would be the nation’s largest, alleging that the massive project did not undergo a proper review to assess and reduce its impact on global warming.

Markets Fall

In Wednesday trading, the Dow Jones industrial average closed down 13 points to 16,502. The Nasdaq fell 34 points to 4,127. The S&P 500 fell 4 points to 1,875. The LABJ Stock Index fell 2 points, or 1 percent, to 187.

Apollo Global Wins Auction for Classic Party Rentals

Classic Party Rentals on Tuesday said that a bid by affiliates of Apollo Global Management beat out an offer by creditors to take over the company.

Amgen Misses Expectations

Amgen Inc. on Tuesday reported a lower-than-expected first quarter profit, but said it plans to submit its experimental cholesterol drug for approval by the end of the year.

Jacobs Buys Verizon Unit

Jacobs Engineering Group Inc. on Tuesday said it will acquire Federal Network Systems from Verizon Communications.

Markets Gain

In Tuesday trading, the Dow Jones industrial average closed up 65 points to 16,514. The Nasdaq rose 40 points to 4,161 The S&P 500 rose 8 points to 1,880. The LABJ Stock Index rose 1 point to 189.

OpenX Partners With YP Brand

Pasadena ad exchange firm OpenX has partnered with YP Intellectual Properties, operator of the Yellow Pages brand, to bring programmatic display advertising to the localized online and mobile directory service.

CIM Buying Farmers Insurance Complex

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

L.A. Airport Board Recommends Palmdale Lease

The Los Angeles Board of Airport Commissioners recommended approval on Monday of a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.