LA BUSINESS JOURNAL DAILY NEWS
American Apparel Inc. stock rose 17 percent Wednesday on the news that Dov Charney has been fired – for good – and will be replaced by veteran fashion executive Paula Schneider next month.
The Dow Jones industrial average rose 288 points in Wednesday trading to close at 17,357. The S&P 500 rose 40 points to 2,013. The Nasdaq rose 96 points to 4,644. The LABJ Stock Index rose four points to 213.
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Last month was the Port of Long Beach’s busiest November since 2007, with cargo volume up 2.1 percent over a year ago.
Downtown L.A. developer Ratkovich Co. last week announced that two retail tenants have signed leases for the Bloc, a mixed-use redevelopment of the mall at 700 S. Flower St., and a third committed to staying put.
The Santa Monica VC firm has raised $280 million to close its fifth fund, General Partner Mark Suster announced on his blog.
Dov Charney has been fired by American Apparel Inc., this time for good.
These days, you can request anything with the push of a button. And Serviz, an on-demand home service startup, is showing just how much investors are willing to back this new business model.
Hotel industry groups on Tuesday sued the city of Los Angeles in federal court over the city’s enactment of a minimum wage ordinance requiring large non-union hotels to pay their workers $15.37 an hour.
Livingston, N.J., finance firm CIT Group Inc. is expected to collect $1.4 billion from federal regulators to cover future losses should its purchase of Pasadena’s OneWest Bank be approved, according to a report from a group trying to hold up the deal.
Two Woodland Hills men accused of orchestrating a 15-year-long Ponzi scheme that defrauded nearly 2,000 investors of more than $100 million were charged Tuesday in federal court.
The Dow Jones industrial average fell 112 points in Tuesday trading to close at 17,069. The S&P 500 fell 17 points to 1,973. The Nasdaq fell 57 points to 4,548. The LABJ Stock Index fell one point to 209.
NantWorks, billionaire Patrick Soon-Shiong’s Culver City holding company, has inked a deal with San Diego biopharmaceutical firm Sorrento Therapeutics Inc. to develop cancer and auto-immune disease treatments.
A growing number of union members at the six Daughters of Charity Health System hospitals in California have gone against their own union leadership and signed petitions in support of the sale of the hospitals to Prime Healthcare Services of Ontario, the hospital chain said.
Less than a year after opening its doors, the Ace Hotel Los Angeles in downtown L.A.’s Broadway Theater District is on the market.
Virtual Piggy, a payments provider for teens, has added another partner to its playpen.
Digital music distributor DashGo has been acquired by AdRev, a division of digital licensing firm AudioMicro Inc., which helps artists collect revenue from music used in YouTube videos.
Surf Air started service on Monday to Oakland International Airport, the eighth destination for the aviation startup that largely serves executives and professionals.
The Securities and Exchange Commission on Monday filed to dismiss charges against a man accused of profiting from privileged information related to the embattled Los Angeles nutritional supplement company Herbalife.
The Dow Jones industrial average fell 100 points in Monday trading to close at 17,181. The S&P 500 fell 13 points to 1,990. The Nasdaq fell 48 points to 4,605. The LABJ Stock Index fell three points to 210.