Karen Jordan

Email: kjordan@labusinessjournal.com
Phone: 323-549-5225 Extension: 335

Recent Stories

Some L.A. Hotel Rates Tripled for New Year’s

If you’re interested in booking a hotel this New Year’s Eve, get ready to pay up. Hotel rates in Los Angeles are going to the penthouse level this Dec. 31, according to a survey by LosAngelesHotels.org.

ReachLocal and U.S. Auto Parts Network Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up marginally for the week. The weighted LABJ index rose nearly 1 percent to close at 234, with losers outpacing gainers 76 to 70. Eight companies closed the week unchanged.

Tenants, ‘Evicted for Airbnb,’ Sue Landlord

Five long-term tenants in Fairfax District filed a lawsuit Wednesday claiming they were illegally evicted so their units could be rented for farm more money to Airbnb.

Deal Finalized for Daughters of Charity

The Daughters of Charity Health System has finally closed the deal with New York private investment firm BlueMountain Capital Management to transfer control of six struggling Daughters of Charity hospitals, including two in Los Angeles County, and create Verity Health System.

Metro Launches New Silver Line Express

Los Angeles Mayor Eric Garcetti on Monday announced the launch of Metro’s Silver Line Express.

Arrowhead Moves to Nasdaq Biotech Index

Pasadena biopharmaceutical firm Arrowhead Research Corp. announced Monday that the company will be added to the Nasdaq Biotechnology Index, a collection of biotech and pharmaceutical companies.

Boyle Heights Businesses Charged with Environmental Violations

Los Angeles City Attorney Mike Feuer, along with the California Environment Protection Agency and other state regulators, filed criminal charges Friday against five metal plating businesses in Boyle Heights over environmental violations they say pose a public safety threat.

Kite Pharma Planning Stock Sale

Shares of Santa Monica cancer drug developer Kite Pharma Inc. were up Tuesday after the company announced it plans to sell up to $250 million worth of common stock.

SoCalGas Responds to Leak

Southern California Gas Co. executives say they are doing what they can to ameliorate the effects of the gas leak near Porter Ranch that has been ongoing since late October and appears likely to continue for several months.

Broadway Financial and Cadiz Among This Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week. The weighted LABJ index fell 1 percent to close at 242, with losers outpacing gainers 93 to 54. Seven companies closed the week unchanged.

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