Los Angeles Business Journal

Radnet, ReachLocal Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed higher for the trading week.

Report: Apple Eyes $3.2 Billion Bid for Beats

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.

Brisk Business Boosts Air Lease Profits

Air Lease Corp. late Thursday said first-quarter net income jumped 53 percent as the airline demand for plane leases was on the upswing.

Saban Announces ‘Power Rangers’ Film

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.

Workers Vote to Approve Strike at El Super Supermarkets

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.

Currency Change Hurts DirecTV’s Quarter

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.

Lackluster Opening for Ares Management Shares

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.

Rubicon, CBRE Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed up for the week.

Rentech Acquires Wood Pellet Producer

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.

CBRE Shares Rise on Strong Earnings

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.

Oaktree Sees Lower Quarterly Earnings

Oaktree Capital Group on Thursday said its first-quarter profit fell 32 percent as the private equity firm’s revenue from incentive income declined.

Adjusted Edison Profit Beats Expectations

Edison International reported a lower first quarter profit, but its core earnings rose as the company benefited from revenue growth, lower expenses and workforce reductions.

USC Marshall Receives $4 Million Gift

A USC alumnus has made a large gift to its Marshall School of Business to enhance programs and student opportunities there, the university announced Wednesday.

Kuwait Fund Invests in NantHealth

NantHealth, billionaire Patrick Soon-Shiong’s health care technology company, on Tuesday announced it is getting an investment of $100 million from Kuwait’s sovereign wealth fund.

Jacobs Falls After Earnings

Jacobs Engineering Group Inc. fell more than 8 percent on Tuesday after the technical services consultant reported a worse-than-expected fiscal second quarter and cut its guidance.

Pritzker Group Acquires Technimark

Pritzker Group Private Capital has acquired custom packaging company Technimark.

Herbalife's Adjusted Net Beats Expectations

Herbalife Ltd. reported a 37 percent drop in first-quarter profit Monday and said it would suspend its quarterly dividend so it could use the cash to repurchase shares. Adjusted net income and sales were better than expected.

Mattel-Mega Brands Deal Gets Canadian OK

Canadian toymaker Mega Brands Brands Inc. on Friday said that its acquisition by Mattel Inc. had been approved by Canadian regulatory courts and was expected to be completed next week.

AllenCo to Spend $700,000 on Improvements

The U.S. Environmental Protection Agency on Thursday announced an agreement with AllenCo Energy Inc. that will require the Signal Hill company to make significant improvements at its controversial oil field near USC.

USC School to Offer First Online Doctorate

USC's Rossier School of Education is working with an Arizona provider of cloud-based educational software to launch the school's first doctorate degree delivered online, a Doctor of Education in Organizational Change and Leadership.

Mattel Makes Barbie Film Deal With Sony

Sony Pictures Entertainment and toymaker Mattel Inc. on Wednesday announced a deal to bring the El Segundo toymaker's Barbie doll to life in a comedy film.

Jakks Pacific Shares Fall on Earnings

Shares of Jakks Pacific Inc. fell 9 percent on Wednesday after the toy company reported higher revenue and a narrower loss in the first quarter.

Apollo Global Wins Auction for Classic Party Rentals

Classic Party Rentals on Tuesday said that a bid by affiliates of Apollo Global Management beat out an offer by creditors to take over the company.

Jacobs Buys Verizon Unit

Jacobs Engineering Group Inc. on Tuesday said it will acquire Federal Network Systems from Verizon Communications.

CIM Buying Farmers Insurance Complex

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

Ailing Phone Maker Calls Dr. Patrick Soon-Shiong

HEALTH CARE: BlackBerry takes stake in NantHealth; will work on new handset.

NantHealth gets a line on mobile technology with an investment from phone maker BlackBerry.

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.

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.

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.

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.

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.

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.

Herbalife Drops on Report of Criminal Probes

A report that both the U.S. Department of Justice and the FBI are investigating Herbalife sent shares of the nutritional supplement company sliding 14 percent on Friday.

Puma, Arrowhead Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell for the week.

Blackstone Unit to Invest in Rentech

Shares of Rentech Inc. jumped 13 percent on Thursday after the company said that a Blackstone Group unit would invest $150 million in its wood fiber business. It also announced a settlement with a dissident investor group.

Loss Narrows for Joe's Jeans

Joe's Jeans Inc. on Wednesday reported a smaller fiscal first-quarter net loss and a boost in sales, both attributed to its acquisition of Hudson Clothing Holdings Inc.

Gores Group Sells Security Company

Gores Group on Wednesday said it has sold an Alabama security products company to Cornerstone Detention Products in the same state.

Weather Channel to Return to DirecTV

DirecTV on Tuesday said that it will once again offer the Weather Channel to subscribers after reaching a carriage deal with the cable channel’s owner.

Swiss Firm Takes Stake in American Apparel

A Swiss investment firm has acquired more than a third of American Apparel’s latest stock offering, becoming the company’s second-largest investor and bailing the L.A. company out of a debt crisis.

Puma Falls on Cancer Drug Data

Shares of Puma Biotechnology Inc. dropped 18 percent on Monday after the Westwood drug developer reported clinical trial results for its experimental breast cancer drug that were less dramatic than investors expected.

Long Beach Boeing Plant to Close Earlier Than Expected

Boeing Co. said Monday it expected to end production of its C-17 Globemaster III transport jet at its Long Beach plant three months earlier than expected.

Amgen Cancer Drug Results Disappoint

Shares of Amgen Inc. fell 4 percent on Friday after the Thousand Oaks biotech giant said an experimental skin cancer drug had not significantly improved survival rates in clinical trial patients although it reduced the size of tumors.

Ares, Wells Make Deals With Guitar Center

Guitar Center has announced deals with debtor Ares Management and lender Wells Fargo Capital Finance that the Westlake Village-based music retailer said puts it in a significantly stronger financial position.

MannKind, Mandalay Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies gained slightly for the week.

Amgen Ends GlaxoSmithKline Partnership

Amgen Inc. on Thursday said it would pay GlaxoSmithKline more than $275 million to get out of a co-marketing agreement with the British drug company to promote Amgen’s osteoporosis drug Prolia in certain regions outside the United States.

Response Genetics Adds More Health Plans to Client List

Shares of Response Genetics Inc. jumped 18 percent on Thursday after the cancer diagnostic test company signed agreements with six additional health plans and two large health care groups.

Solid Concepts Is Acquired

Stratasys, an international 3-D printing company, said it plans to buy Valencia’s Solid Concepts Inc. and another private company in Texas, and will merge them with its own manufacturing subsidiary.

Rubicon Project Goes Public

Shares of Rubicon Project Inc. on Wednesday rose more than a third in its New York Stock Exchange debut.

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