Job Cuts Continue at Disney Interactive
Continued restructuring in the interactive division of Walt Disney Co. will result in the firing of about a quarter of its workforce, according to media reports on Thursday.
Study: California Ranks Fourth in Film Spending
California ranks fourth in the nation when it comes to feature film production and the jobs and spending these films bring, a report released Thursday by FilmL.A. concluded.
Staples, Radio Shack to Close Stores
Staples Inc. of Framingham, Mass. and RadioShack Corp. of Fort Worth, Texas each announced multiple store closures this week, but the Valley impact is unclear.
Briefs: Cheesecake, Talon
Cheesecake Factory President David Gordon sold nearly 3,500 shares, while Talon International has appointed Nancy Agger-Nielsen as chief financial officer.
Business Events Calendar
Business Events throughout the Valleys.
Mann Foundation Launches Medical Device Firm
The Alfred Mann Foundation announced Wednesday it will create a new medical device company called Medallion Therapeutics Inc.
Ixia Investigation Sets Stage for Nasdaq Compliance
An internal investigation of accounting practices at Ixia shows that the company’s officers did not engage in widespread fraud, setting the stage for the company to regain Nasdaq compliance.
Secondary Offering Sends Ceres Lower
Shares of agricultural biotech Ceres Inc. fell more than 20 percent Wednesday on news of a low pricing for its secondary offering.
Briefs: Semtech, Capstone, Simulations Plus, Electro Rent
Earnings and contracts from Semtech, Capstone, Simulations Plus and Electro Rent.
Report: Guitar Center May Be Sold
Ares Management LLC, a Los Angeles investment advisor, is in talks to buy Guitar Center Holdings Inc. from its private equity owners, according to a media report on Tuesday
Tax Breaks Approved for Westfield Topanga Project
The L.A. City Council approved on Tuesday for a set of tax breaks for the Village at Topanga project despite a decision by mall developer Westfield Group to hold off on a planned hotel.
AeroVironment's Profit Nearly Triples
Shares of AeroVironment Inc. rose nearly 5 percent in after-hours trading Tuesday on a strong earnings report.
Westfield Pulls Back on Topanga Hotel
Australian mall developer Westfield Group LLC will hold off on its plans to build a business hotel as part of its Village at Topanga development.
Disney Cuts Off Boy Scouts
Walt Disney Co. will no longer donate to Boy Scouts of America local troops and packs starting next year in response to the organization not allowing gay adult leaders, according to media reports
Wesco Closes $550 Million Acquisition
Wesco Aircraft Holdings Inc. has closed on its acquisition of a supply-chain management firm serving the aerospace industry in a deal valued at $550 million.
Briefs: IPC, Simulations Plus
IPC The Hospitalist Co. Inc. has named John Cassin as executive director of its Colorado region.
Business Events Calendar
Business Events throughout the Valleys.
L.A. Council Moves to Ban Fracking
The Los Angeles City Council on Friday voted overwhelmingly to take the first step banning fracking at oil and gas wells in the city until it can be shown the activity will not harm the environment or public health.
Surf Air Names CEO
Private membership airline Surf Air announced on Friday that Jeff Potter, former head at Frontier Airlines, has taken over as the chief executive.
Mission Hills Cemetery Settles Suit for $35 Million
Eden Memorial Park 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.
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