The Los Angeles Business Journal’s index of largest local public companies closed higher for the trading week.
Apple Inc. reportedly is looking to acquire Dr. Dre’s Beats Electronics, the Santa Monica maker of premium headphones that earlier this year launched a subscription-music service.
Air Lease Corp. late Thursday said first-quarter net income jumped 53 percent as the airline demand for plane leases was on the upswing.
Billionaire Haim Saban is announced a partnership with Lions Gate Entertainment Corp. on a theatrical film based on the 1990s children’s TV show that launched his media empire.
Local 770 of the United Food & Commercial Workers International Union on Wednesday said that members working for the El Super supermarket chain have voted to authorize a strike if contract negotiations break down.
DirecTV on Tuesday said that its first-quarter profit fell 19 percent largely because of currency fluctuations in part of its key Latin American market. Adjusted net income did beat analysts’ expectations, however.
Shares of Ares Management fell 4 percent in the company’s first day of trading on Friday after the private equity firm cut the size of its initial offering.
The Los Angeles Business Journal’s index of largest local public companies closed up for the week.
Rentech Inc. on Thursday said that it acquired New England Wood Pellet, considered the largest producer of wood pellets for the U.S. heating market.
Shares of CBRE Group Inc. rose nearly 9 percent on Thursday after the real estate services giant reported better-than-expected first quarter net income and revenue growth.