Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Mattel Reports Surprise Loss

Mattel Inc. on Thursday reported its first quarterly loss in five years, blaming it on weaker Barbie sales and excess inventory marked down due to a lackluster holiday season.

Illinois Officials Investigating Herbalife

The Illinois Attorney General’s Office on Thursday said that it is investigating allegations that Herbalife is running a pyramid scheme.

Shareholders of Texas Bank Approve Hanmi Merger

Hanmi Financial Corp. on Thursday said that shareholders of Central Bancorp Inc. have approved a merger with Hanmi.

L.A. Port Traffic Rises

Traffic at the Port of Los Angeles surged 34 percent in March compared with the same month last year.

Jakks Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies made gains at the end of a shortened trading week on Thursday, ahead of the markets’ close on Good Friday.

Dow and S&P Decline; Nasdaq and LABJ Gain

In Thursday trading, the Dow Jones industrial average closed down 16 points to 16,409. The Nasdaq was rose 9 points to 4,095. The S&P 500 fell 3 points to 1,865. The LABJ Stock Index rose 1 point to 187.

Poll: What’s Your Opinion of Mandating Employers to Give Sick Days?

READER POLL

The Los Angeles Business Journal has posted a new weekly poll for readers on issues in the news.

Digital Publisher Woven Acquires News Site Uproxx

Culver City digital publisher Woven Digital has purchased Miami entertainment and news website Uproxx, further expanding its offerings aimed at young males.

Cardenas Invites Sriracha Maker to the Valley

U.S. Rep. Tony Cardenas wrote an open letter Wednesday to Sriracha-sauce maker Huy Fong Foods Inc. to consider relocating to the San Fernando Valley.

American Apparel Back in Stock Market Compliance

American Apparel Inc. said late Wednesday that it had been informed by the NYSE Mkt Exchange that the company was back in compliance with the exchange’s listing requirements.

Long Beach Port Traffic Falls

Traffic at the Port of Long Beach declined 1.9 percent in March compared with the same month last year, according to figures released Tuesday.

Warner Bros. Recruits Ex-Clinton Official

Political analyst and former Clinton White House press secretary Dee Dee Myers has been named as the head of worldwide corporate communications at Warner Bros., the company announced Wednesday.

Markets Gain

In Wednesday trading, the Dow Jones industrial average closed up 162 points, or 1 percent, to 16,425. The Nasdaq rose 52 points, or 1 percent, to 4,086. The S&P 500 rose 19 points, or 1 percent, to 1,862. The LABJ Stock Index rose 2 points, or 1 percent, to 186.

TigerText Expands Board

Santa Monica enterprise messaging app TigerText announced Tuesday that it named three new members to its board representing its latest investors.

BlackBerry to Collaborate with NantHealth

Smartphone maker BlackBerry announced Tuesday that it has invested in Dr. Patrick Soon-Shiong’s NantHealth with the hope that its smartphones can be married to the West L.A. billionaire’s next-generation medical information technology.

On-Location Filming Stays Steady in L.A.

On-location production remained flat in the first quarter despite evidence that the state’s tax credit program is keeping more production in the Los Angeles region.

Farmers Market Owner Gets Line on $100 Million

A.F. Gilmore Co. has obtained a $100 million credit facility from Wells Fargo Bank, secured by its iconic Farmers Market retail center in the Fairfax District.

Markets Rise

In Tuesday trading, the Dow Jones industrial average closed up 89 points to 16,263. The Nasdaq rose 11 points to 4,034. The S&P 500 rose 12 points to 1,843. The LABJ Stock Index rose 1 point to 184.

Lions Gate Makes Partnership with RocketJump

Lions Gate Entertainment Corp. on Monday announced a multi-year partnership with Freddie Wong's popular YouTube content producer RocketJump Studios.

Maker's Deal With Disney to Proceed

The board of directors and shareholders of Maker Studios have approved its acquisition by Walt Disney Co. despite a counter-offer made public Monday for the Culver City media company.