LA BUSINESS JOURNAL DAILY NEWS
MannKind Completes Final Inhaler Study
MannKind Corp. said it has completed the second of two additional trials requested by the Food and Drug Administration for its inhaled insulin pipeline product.
Markets Up at Close
In Monday trading, the Dow Jones industrial average closed up 109 points to 15,180. The Nasdaq rose 28 points to 3,452. The S&P 500 rose 12 points to 1,639. The LABJ Stock Index rose 1 point to 163.
DreamWorks Reaches Netflix Content Deal
DreamWorks Animation SKG Inc. will bring its feature film characters to the small screen in a deal to produce original content for streaming through Netfilix Inc., the companies announced on Monday.
Chernin Group, Comcast Invest in Fullscreen
Culver City network Fullscreen announced Monday that it has raised a Series A round of financing from Chernin Group, Comcast Ventures and WPP.
Rocketdyne Sale Is Completed
GenCorp on Friday completed its acquisition of storied San Fernando Valley rocket-engine manufacturer Pratt & Whitney Rocketdyne.
Mobile Game Developer SGN Acquires Carlsbad Studio
Mob Science is known for "Legends: Rise of a Hero," a game where players try to rescue a captured princess by slaying monsters.
CBRE Invests in European Expansion
CBRE Group Inc. on Friday said it has acquired full ownership of Sogesmaint-CBRE, a property and asset management specialist primarily operating in Belgium.
American States Water Expands in Central California
American States Water Co. said that its Golden State Water subsidiary has acquired Rural Water Co. in San Luis Obispo County.
Capstone Reports Loss
Shares of Capstone Turbine Corp. fell nearly 10 percent on Friday after the company reported a net loss in its fiscal fourth quarter.
Ceres, Dole Among Week’s Biggest Gainers
The Los Angeles Business Journal’s index of largest local public companies closed down slightly for the week, in line with the larger markets.
Markets Fall
In Friday trading, the Dow Jones industrial average closed down 106 points to 15,070. The Nasdaq fell 22 points to 3,424. The S&P 500 fell 10 points to 1,627. The LABJ Stock Index fell 1 point to 161.
High Court Weakens Port's Clean Truck Program
The U.S. Supreme Court on Thursday further weakened the Port of Los Angeles’ Clean Truck Program, overturning two minor provisions that had been upheld by a lower court.
Shamrock to Sell Harlem Globetrotters
Shamrock Capital Advisors reportedly is looking to sell Harlem Globetrotters, the iconic exhibition basketball team known for its on-court antics.
Markets Rise at Close
In Thursday trading, the Dow Jones industrial average closed up 181 points to 15,176. The Nasdaq rose 45 points to 3,445. The S&P 500 rose 24 points to 1,636. The LABJ Stock Index rose 3 points to 162.
Ceres Soars on Sorghum Crop Prospects
Shares of Ceres Inc. soared 77 percent on Wednesday as the agricultural biotech’s beaten-down stock benefitted from an analyst who previewed good news expected in the next several weeks.
Computer Sciences Corp. Sells Division
Computer Sciences Corp., a Virginia company that was founded in Los Angeles, has sold its applied technology division, which has locations in Palmdale and Edwards Air Force Base in the Antelope Valley.
Another Weak Quarter Hurts Virco
Shares of Virco Mfg. Corp. fell more than 4 percent on Wednesday after the furniture maker reported lower fiscal first quarter revenue. It also warned that demand from its core K-12 public school market remains unpredictable.
Amgen Expands Licensing Deal
Amgen Inc. said that it will spend $25 million to expand its licensing agreement with Cytokinetics Inc. to cover the Japanese market.
Markets Down at Close
In Wednesday trading, the Dow Jones industrial average closed down 127 points to 14,995. The Nasdaq fell 37 points to 3,400. The S&P 500 fell 14 points to 1,612. The LABJ Stock Index fell 2 points to 159.
Myspace Launches Music Streaming App
The free app, which went live on Wednesday, gives listeners access to a library of 53 million songs.
>>