Los Angeles Business Journal

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General Finance Buys Texas Tank Storage Company

General Finance Corp. has expanded its capabilities in the liquid containment storage industry by signing an agreement to acquire Texas tank operator Lone Star.

Cemetery Settles Class-Action Suit for $35 Million

Eden Memorial Park in Mission Hills has settled a class-action lawsuit for $35 million that accused it of digging up and dumping remains in order to reuse burial sites – though when all costs are included the total could reach $80 million, according to media reports on Friday.

Air Lease Profit Beats Wall Street Forecasts

Shares of Air Lease Corp. climbed in after-hours trading Thursday after the aircraft leasing company reported better-than-expected fourth quarter earnings and revenue.

Platinum Equity Sells Portfolio Company

Platinum Equity on Thursday said it completed the sale of fleet equipment rental company Nesco to an affiliate of Energy Capital Partners.

UTi Worldwide Breaches Debt Covenants

Shares of UTi Worldwide Inc. sank nearly 30 percent Wednesday after the logistics company said it had breached debt covenants and expected to report a fourth quarter loss.

DineEquity Quarter Better Than Expected

DineEquity Inc. reported fourth quarter earnings on Wednesday in line with analysts’ estimates, but announced the departure of an executive at its Applebee’s chain, which saw same-store sales fall.

Earnings Roundup: Edison, Tutor Perini

Edison International moved to a profit in the fourth quarter as the company nears completion of the sale of its money-losing power-generation unit.

Losses Narrow for Live Nation

Live Nation Entertainment Inc. on Monday reported a smaller fourth-quarter operating loss as revenue from concerts and other business segments offset lower revenue at its Artist Nation management business.

ReachLocal Releases Open-Source Code for Apps

ReachLocal Inc. on Monday released open-source software code that it said should help other developers create cross-platform mobile apps.

HandsOn3 to Acquire Dallas Firm

HandsOn3 on Monday said that one of its affiliated funds has signed an agreement to acquire BancTec Inc., a Dallas firm that provides financial transaction automation and document management services to companies.

Blackstone Foundation Makes Entrepreneurship Grants

The Blackstone Charitable Foundation on Friday announced it was making a $3.5 million grant to three local universities to set up an entrepreneur support program.

Permira Completes LegalZoom Investment

London private equity firm Permira has a $200 million investment LegalZoom.com Inc., making it the largest shareholder of the Glendale legal services company.

Lenders Group to Acquire Classic Party Rentals

Inglewood event rental and services provider Classic Party Rentals Inc. has said it signed an agreement to sell most of its business to a newly established entity owned by the company’s lenders.

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Internet Platform Seeks Lift From New HQ, Exec

EXPANSION: Airpush adds Google vet Matt Shaw to newly opened Venice office.

Mobile advertising platform Airpush Inc. continues its growth with the opening of its Venice headquarters and the hiring of former Google Inc. exec Matt Shaw.

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Pretzel Supplier Alleges Twisted Tale

FOOD: Middleman says he was boxed out by Trader Joe’s.

Broker of peanut butter-filled pretzels claims he’s left holding bags after Trader Joe’s conspired with supplier.