LA BUSINESS JOURNAL DAILY NEWS
More Layoffs at Disney Interactive
Continued restructuring in the interactive division of Walt Disney Co. will result in the firing of about a quarter of its workforce, according to media reports on Thursday.
Dow, S&P and LABJ Rise; Nasdaq Falls
In Thursday trading, the Dow Jones industrial average closed up 62 points to 16,422. The Nasdaq fell 6 points to 4,352. The S&P 500 rose 3 points to 1,877. The LABJ Stock Index rose less than 1 point to 194.
Vobile Acquires Blayze
Century City YouTube analytics company Blayze Inc. has been acquired by Santa Clara’s Vobile, a provider of video identification services to help with content rights management.
Rentech Sells Alternative Energy Business to Chinese
Rentech Inc. on Wednesday announced that it has agreed to sell its alternative energy technologies and equipment to a Chinese company.
Mann Foundation Launches Medical Device Start-Up
The Alfred Mann Foundation on Wednesday said that it will create a new medical device company called Medallion Therapeutics Inc. that will aim to provide targeted delivery solutions for pharmaceuticals and biologic therapies.
CFO Leaves as Ixia Investigation Ends
Ixia said that it had completed an internal investigation of its accounting practices. While the company’s top officers were not found to have engaged in widespread fraud, its chief financial officer has resigned.
Oaktree Raises Money to Buy Back Ownership Interests
Oaktree Capital on Wednesday priced a public offering of 5 million Class A units at an estimated $60 each, for expected gross proceeds of about $300 million.
Ceres Falls on Pricing of Offering
Shares of agricultural biotech Ceres Inc. fell more than 20 percent Wednesday on news of a low pricing for its secondary offering.
Dow and S&P Fall, Nasdaq and LABJ Rise
In Wednesday trading, the Dow Jones industrial average closed down 36 points to 16,360. The Nasdaq rose 6 points to 4,358. The S&P 500 fell less than 1 point to 1,874. The LABJ Stock Index rose 1 point to 193.
Poll: How Much Extra Would You Pay to Watch Dodger Games on TV?
READER POLL
The Los Angeles Business Journal has posted a new weekly poll for readers on issues in the news.
Fullscreen Announces Hires
Fullscreen Inc., the Culver City-based YouTube multi-channel network, announced two senior hires Wednesday.
AwesomenessTV Taps Disney Exec as CMO
AwesomenessTV, which serves teenage audiences, announced Tuesday it hired TJ Marchetti as chief marketing officer.
Demand Media Expands Content Solutions
Santa Monica’s Demand Media Inc. announced Tuesday the expansion of its Content Solutions service to include graphic design and original photography services.
AirPush Reported to Be Acquired
Israeli software company Perion is in talks to acquire West L.A.’s AirPush, according to a report published Tuesday on TechCrunch. The deal is said to be valued at $170 million.
L.A. Council Passes E-Cig Restrictions
The Los Angeles City Council voted on Tuesday to ban smoking of electronic cigarettes at all public buildings and restaurants, as well as at parks, playgrounds, beaches, libraries and public schools in the city.
Large San Pedro Development Approved
An expansive residential development project in San Pedro nearly 10 years in the making gained final city approval today.
AeroVironment Profit Jumps 188 Percent
Shares of AeroVironment Inc. rose nearly 5 percent in Tuesday after-hours trading after the Monrovia company reported strong improvement in its fiscal third-quarter profit and revenue on more orders for both its unmanned drone aircraft and electric car battery chargers.
Report: Guitar Center's Owners May Sell Company
Los Angeles investment adviser Ares Management LLC is in talks to buy Guitar Center Holdings Inc. from its private equity owners, according to a Tuesday media report.
General Finance Buys Texas Tank Storage Company
General Finance Corp. has expanded its capabilities in the liquid containment storage industry by signing an agreement to acquire Texas tank operator Lone Star.
L.A. Council Renews Westfield Tax Breaks
The L.A. City Council renewed its approval on Tuesday for a set of tax breaks for the Village at Topanga project by Australian mall developer Westfield Group.
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