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Media Veterans in eBook Publishing Venture

Barry Diller's IAC/InterActiveCorp, and theater and film producer Scott Rudin and publishing veteran Frances Coady have teamed up to create a new publishing venture, The Wrap and Publishers Weekly report.

Salem Buys Conservative Media Powerhouse

California Christian and conservative talk broadcaster Salem Communications Corp. on Monday said it has acquired the assets of conservative publisher Eagle Publishing, whose brands include Regnery Publishing, HumanEvents.com, and RedState.com, the Washington Times and Publisher's Weekly report.

LA Laundromats Clean Up Amid Covid

L.A. laundromat owners are taking an optimistic view, with many investing in remodels and machine upgrades. Some are even expanding their businesses.

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L.A. Steelcraft Products Sells to Americana Outdoor

Americana Outdoor will acquire the 100-year-old playground equipment brand L.A. Steelcraft Products Inc.

American Apparel Board Nominees Withdrawn as Advisory Panel is Formed

A minority shareholder of embattled downtown apparel manufacturer and retailer American Apparel Inc. has withdrawn his attempt to nominate directors at next month’s annual shareholders’ meeting.

JS Communications Pulls Bid for Rhythm & Hues

South Korean entertainment and media company JS Communications has withdrawn its bid to acquire Rhythm & Hues, the El Segundo visual effects company that recently filed for bankruptcy protection, the Los Angeles Times reports.

TED Pulls License, Citing ‘Pseudoscience’

A TED program has withdrawn the license previously awarded to organizers of TEDxWestHollywood, saying the conference theme and speaker lineup seemed to be promoting a kind of "pseudoscience," the Los Angeles Times reports.

Macerich Says ‘No, Thanks’

Santa Monica-based Macerich Co. has thumbed its nose at Simon Property Group Inc.’s “best and final” takeover bid of $16.8 million, so now Simon has withdrawn the offer to purchase its rival, the Wall Street Journal reports.

Merck Profit Rises, but Sales Fall

Merck & Co. on Monday said third-quarter earnings rose, as lower costs offset the loss of its withdrawn arthritis drug Vioxx and lower demand for Zocor.

CNOOC Withdraws Bid for Unocal

China's CNOOC Ltd. said Tuesday it has withdrawn its $18.5 billion cash offer for Unocal Corp., stating it considered raising its bid, and "would have done so but for the political environment in the U.S."

Report: Autry Museum Drops Expansion Plans

The Autry Museum of Western Heritage has withdrawn its $175 million expansion plans, according to news reports.

Tesla’s Problems

Consumer Reports magazine – which had given the $100,000 Tesla Model S very high marks – has done a U turn, the Los Angeles Times reports. The magazine has withdrawn its recommendation, giving the car a “worse-than-average” rating on its reliability. As a result, the stock in billionaire Elon Musk’s Tesla Motors plunged as much as 10 percent Tuesday.

Greenlining Institute Withdraws Opposition to City National CRA Plan

Berkeley’s Greenlining Institute, a nonprofit organization that advocates for economic opportunity for ethnic minority communities, has withdrawn its opposition to downtown L.A.’s City National Bank’s Community Reinvestment Act plan and proposed merger with Toronto’s Royal Bank of Canada. That should help ease the merger.

Minimum Wage Violations Withdrawn Against BYD

Minimum wage violation charges against Chinese electric vehicle manufacturer BYD Co. Ltd. were withdrawn Tuesday by the California Department of Labor Standards and Enforcement, according to the law firm representing BYD.

Aecom Pulls Out of Libya

Aecom Technology Corp., which provides technical and management support services around the world, said that it has withdrawn its employees and their families from Libya and was not sure if or when they would return.

L.A. Official Nominated to Run TSA Withdraws

OTHER NEWS

Erroll Southers, the Los Angeles airport official whose nomination to lead the Transportation Security Administration was blocked by Republican opposition in Washington, has withdrawn his name from consideration.

MannKind Resolves Claims with Former Employee

MannKind Corp. has cleared one of the shadows hanging over its experimental inhalable insulin product, announcing that it had reached an arbitration resolution with an employee who had accused the company of firing him after he alleged improprieties.

Golf Course Withdraws Application for 166-Foot Fence

The Los Angeles Country Club has withdrawn its application for a 166-foot fence to keep errant golf balls from straying onto a proposed development next door.

Prime Pulls Plug on Hospital Acquisition

Prime Healthcare Services has withdrawn its $843 million bid for Daughters of Charity’s ailing hospitals, including two in L.A. County, in the face of stringent conditions imposed by state Attorney General Kamala Harris.

LABJ FORUM: Jumping on Gen Z?

With Generation Z seen as increasingly influential in consumer decisions, many marketing companies are targeting the group. So the Business Journal asks: Is Gen Z important to your company’s bottom line?