Los Angeles Business Journal

LA FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Chinese Banks Go Bicoastal

LENDING: Local duo vault into New York with pair of pickups.Chinese-American banks put their money on the Big Apple with New York pickups.

By Matt Pressberg August 31, 2015 midnight   $$ Share

Stocks Mixed; Ceres Climbs, InterGroup Sinks

The Dow Jones industrial average rose 23 points in Thursday trading to close at 16,375. The S&P 500 rose two points to 1,951. The Nasdaq fell 16 points to 4,734. The LABJ Stock Index fell one point to 220.

Stocks Rise; DTS Soars, AeroVironment Sinks

The Dow Jones industrial average rose 293 points in Wednesday trading to close at 16,351. The S&P 500 rose 35 points to 1,949. The Nasdaq rose 114 points to 4,750. The LABJ Stock Index rose five points to 221.

Stocks Plunge; NantKwest Rebounds, California Resources Slumps

The Dow Jones industrial average shed 470 points in Tuesday trading to close at 16,058, erasing much of the gain from last week’s market rally. The S&P 500 fell 58 points to close at 1,914. The Nasdaq fell 140 points to close at 4,636. The LABJ Stock Index fell six points to close at 216.

Stocks Fall; Crown Media Soars, NantKwest Slips

The Dow Jones industrial average fell 115 points in Monday trading to close at 16,528. The S&P 500 fell 17 points to 1,972. The Nasdaq fell 52 points to 4,777. The LABJ Stock Index fell three points to 221.

BreitBurn Energy Partners, TrueCar Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly after a volatile week. The weighted LABJ index was up 1 percent to close at 224, with gainers outpacing losers 79 to 75. Four companies closed the week unchanged.

Markets Mixed

The Dow Jones industrial average fell 12 points in Friday trading to close at 16,643. The S&P 500 rose one point to 1,989. The Nasdaq rose 16 points to 4,828. The LABJ Stock Index rose one point to 224.

PE Roundup: Private Equity Deals Announced This Week

Beverly Hills firm Levine Leichtman Capital Partners announced Monday that it has completed the acquisition of short line railroad firm Regional Rail in Kennett Square, Pa., alongside the company’s management. Terms were not disclosed.

Stocks Rise; TrueCar Climbs, Ritter Pharmaceuticals Sinks

The Dow Jones industrial average rose 369 points in Thursday trading to close at 16,655, it’s second day of big gains following a week of declines. The S&P 500 rose 47 points to 1,988. The Nasdaq rose 115 points to 4,813. The LABJ Stock Index rose five points to 223.

Stocks Rebound; Demand Media Climbs, NantKwest Sinks

The Dow Jones industrial surged 619 points in Wednesday trading to close at 16,286, erasing much of the previous two days’ losses. The S&P 500 rose 73 points to 1,941. The Nasdaq rose 191 points to 4,698. The LABJ Stock Index rose eight points to 218.

Stocks Fall; Ceres Soars, Point.360 Tanks

The Dow Jones industrial average fell 205 points in Tuesday trading to close at 15,666, the fourth consecutive trading day the blue chips have fallen by 200 points or more. The S&P 500 fell 26 points to 1,868. The Nasdaq fell 20 points to 4,506. The LABJ Stock Index fell two points to 211.

Stocks Tumble; 89 Percent of Local Stocks Fall

The Dow Jones industrial average fell 588 points in Monday trading to close at 15,871, its lowest close since February 2014. The S&P 500 fell 78 points to close at 1,893. The Nasdaq fell 180 points to close at 4,526. The LABJ Stock Index fell 10 points to close at 207. Of the 158 stocks on the LABJ Stock Index, 140 lost value Monday, while just 10 companies saw shares rise. Eight stocks were unchanged on the day.

MRV Communications, Point.360 Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week as both the Dow Jones Industrial Average and the S&P 500 posted their biggest percentage one-day drops since November 2011.

Stocks Fall

The Dow Jones industrial average fell 531 points in Friday trading to close at 16,460. The S&P 500 fell 65 points to 1,971. The Nasdaq fell 171 points to 4,706. The LABJ Stock Index fell five points to 222.

PE Roundup: Private Equity Deals Announced This Week

Westwood firm Shamrock Capital Advisors, which began as an investment adviser for the Disney family, announced Wednesday that one of its portfolio companies, New York fantasy sports portal FanDuel, acquired New York sports analytics company NumberFire. Terms were not disclosed.

Stocks Fall; B. Riley Rises, Rentech Slumps

The Dow Jones industrial average fell 358 points in Thursday trading to close at 16,991, the first time it’s closed below 17,000 since October. The S&P 500 fell 44 points to 2,036. The Nasdaq fell 142 points to 4,878. The LABJ Stock Index fell eight points to 227.