Los Angeles Business Journal


Reader Poll

Will restrictions on cars help or hurt business in downtown Santa Monica?

Eli Broad to Donate Personal Papers to UCLA

UCLA announced Wednesday that billionaire philanthropist Eli Broad will donate his personal papers to its library.

Some L.A. Times Staffers Eager to Exit

With an ax reportedly preparing to fall on jobs at the cash-strapped Los Angeles Times and the mood in the newsroom pitch black, at least some veteran staffers appear ready to leave.

Stocks Rise; Staar Surgical is Up, Ceres Tanks

The Dow Jones industrial average rose 236 points in Wednesday trading to close at 16,285. The S&P 500 rose 36 points to 1,920. The Nasdaq rose 103 points to 4,620. The LABJ Stock Index rose five points to 217.

SolarReserve Brings in Nearly $20 Million for Solar Plants in South Africa

Solar power-plant company SolarReserve of Santa Monica has raised $19.3 million in convertible notes to invest in possible solar power plants and related insurance bonds in South Africa.

Digital Marketing Agency Dustland Bought by Verndale

Digital advertising agency Dustland of Culver City has been acquired for an undisclosed sum by Boston’s Verndale.

'Shark Tank' Pitch Fest for Pot Firms Hits Downtown

A “Shark Tank” type pitch fest for marijuana businesses opened at the L.A. Hotel Downtown Tuesday, attracting a number of budding local entrepreneurs.

Tuesday Rundown: Cherokee Expands European Distribution, Ceres Soars on License Agreement

Cherokee Global Brands announced Tuesday it had entered into a license agreement to expand its European distribution.

Passenger Traffic Through LAX Rose in August

Passenger volume continued rising in August at Los Angeles International Airport, putting the airport on track to exceed last year’s record traffic, according to figures released Tuesday by Los Angeles World Airports.

Investors See Upside in Purchase of Cerritos Office Building

A struggling Cerritos office property changed hands earlier this month for $30.5 million.

Stocks Mixed; Qualstar Rises, Ritter Pharmaceuticals Tanks

The Dow Jones industrial average rose 47 points in Tuesday trading to close at 16,049. The S&P 500 rose two points to 1,884. The Nasdaq fell 27 points to 4,517. The LABJ Stock Index rose one point to 212.

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UBeam to Ship Wireless Chargers Next Year

UBeam Inc. of Santa Monica said it will begin shipping its wireless-charging product within the next calendar year.

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DSTLD Tests Interest in Public Stock Offering

Online jeans seller DSTLD is “testing the waters” for a $10 million public offering of its stock thanks to new Securities and Exchange Commission rules.

Anderson Forecast Projects Higher Housing Costs

California can expect to see continued job growth and lower unemployment over the next three years, but housing costs are expected to continue to rise, according to the UCLA Anderson Forecast released on Monday.

Reader Poll

Which L.A. billionaire would you like to see own the Los Angeles Times?

American Apparel Gets Warnings from NYSE

Beleaguered downtown apparel maker and retailer American Apparel Inc. has been notified that it risks being delisted from the New York Stock Exchange.

Times Staff Cuts Apparently Delayed

As the embattled Los Angeles Times faces a continuing decline in revenue, speculation is rampant in the newsroom that a buyout package will be offered to staff next week.

Stocks Fall; TrueCar Soars, NantKwest Sinks

The Dow Jones industrial average fell 313 points in Monday trading to close at 16,002. The S&P 500 fell 50 points to 1,882. The Nasdaq fell 143 points to 4,544. The LABJ Stock Index fell six points to 211.

Sony TV Promotes Steve Mosko to Chairman

Longtime Sony executive Steve Mosko has been promoted to chairman of the company’s television business.

L.A. Tech Events Calendar: Sept. 28 – Oct. 11

Roundup of L.A. tech events in the next two weeks.