Wall Street ignores longtime critic's latest salvo against L.A. supplements maker.
Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California.
Most of the 1,500 job cuts that Botox maker Allergan Inc. announced Monday morning will be made in Southern California, the company?s chief executive said.
Some of the hippest online retailers around are pioneering an old concept: offline retailing.
The gig: Veteran digital media executive Anthony Bay took over in December as chief executive of Rdio, a streaming music service created by Janis Friis, the co-founder of the Internet phone application Skype (and the file-sharing service Kazaa). Rdio has received favorable reviews, but the 4-year-old Internet jukebox nonetheless has struggled to match the momentum of competing services such as Spotify, which now boasts some 9 million paying subscribers. Rdio has undergone layoffs, a management shake-up and a strategic shift (it now offers a free, advertising-supported version through its website). "The market is poised for growth, and we're poised to be a big part of it,"...