Los Angeles Business Journal


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Local Woman Wins $28 Million From Kaiser

A jury awarded a Chatsworth woman $28 million on Thursday after agreeing that Kaiser Permanente’s Woodland Hills facility bungled the treatment for what turned out to be a cancerous tumor, according to the woman’s law firm.

Briefs: Kite Pharma Sinks on Q4 Loss, Arts District Site Sells for $130 Million

Kite Pharma’s Shares Fall After Q4 Loss Despite detailing a year full of landmark deals in its 2014 earnings report, Santa Monica biotech firm Kite Pharma Inc.’s shares fell 7.26 percent to $57.75 on Thursday.

SEC Probing Charney Firing

Nine months after American Apparel fired former chief executive and founder Dov Charney, the Securities and Exchange Commission is investigating the circumstances behind the ouster, according to a company filing.

Sportsman's Lodge Project is Approved

After a contentious, five-hour Wednesday evening hearing, developer Richard Weintraub won the right to demolish the historic Sportsman’s Lodge event center in Studio City and replace it with a 97,800-square-foot, mixed-use development.

Technicolor Will Close Burbank Office

Technicolor USA Inc. is closing a digital media services facility in Burbank that it opened just last year with expectations that it would employ some 250 workers.

Santa Monica Startups Land Major Financing

Two Santa Monica tech companies announced today that they’ve secured eight-figure capital raises from leading venture capital firms.

Security Software Firm Loads Up on Marina Office Space

TeleSign, a maker of identity verification software, is more than doubling its space in Marina del Rey by moving into a bigger headquarters.

Stocks Down

The Dow Jones industrial average fell 40 points in Thursday trading to close at 17,678. The S&P 500 fell five points to 2,056. The Nasdaq fell 13 points to 4,863. The LABJ stock index was flat at 226.

Pasadena Firm Launches New Influencer Marketing Platform

Pasadena advertising firm Ayzenberg Group has boosted its digital offerings with a new platform that connects digital marketers and brands with social media celebrities known as influencers.

American Apparel Inks Credit Deal, Reports Rough Q4 Earnings

The final quarter of 2014 was a dismal one financially and legally for downtown clothing maker American Apparel Inc.

Garcetti Plugs Seismic Retrofit Bill

L.A. Mayor Eric Garcetti appeared in Van Nuys on Wednesday to urge passage of an Assembly bill providing tax credits for landlords who retrofit apartments and condo complexes deemed especially vulnerable to collapse in earthquakes.

Pot Delivery Firm Crowdfunds for Legal Defense

Hollywood startup Nestdrop has launched a fundraising campaign. But unlike most fledgling technology firms, the app-based provider of alcohol and medical marijuana delivery services isn’t trying to fund a new project or expansion plans: It’s soliciting cash to pay its legal fees.

Delay Expected for Comcast, Time Warner Cable Deal

Comcast Corp.’s planned $45 billion purchase of Time Warner Cable Inc. has run into a snag in the form of a lengthy regulatory review that is expected to delay the deal.

Graybar Buys in Packed Pomona

A newly constructed logistics facility in Pomona sold last month for $22.9 million. St. Louis manufacturer Graybar Electric Co. Inc., one of the largest U.S. distributors of electronic parts, bought the property at 2205 Mount Vernon Ave. from Gardena’s Overton Moore Properties.

Stocks Fall

The Dow Jones industrial average fell 293 points in Wednesday trading to close at 17,719. The S&P 500 fell 30 points to 2,061. The Nasdaq fell 118 points to 4,877. The LABJ stock index fell four points to 226.

Trust Invests in Low-Income Housing

A private New York real estate investment trust that invests exclusively in affordable housing announced on Tuesday that it is putting $20 million into California low-income housing, including issuing a mortgage for a Van Nuys senior housing complex.

Tommy Store Sets WeHo Record

The 11,000-square-foot Tommy Hilfiger store at the intersection of Robertson and Beverly boulevards in West Hollywood traded last month for a record price.

Stamps.com to Acquire Endicia for $215 Million

El Segundo postage seller Stamps.com announced on Tuesday it plans to acquire Endicia, a subsidiary of Atlanta’s Newell Rubbermaid Inc., for $215 million in cash.

Stocks Fall

The Dow Jones industrial average fell 105 points in Tuesday trading to close at 18,011. The S&P 500 fell 13 points to 2,092. The Nasdaq fell 16 points to 4,995. The LABJ stock index fell two points to 230.