Los Angeles Business Journal

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

Immigrant Entrepreneurs: Moving Up in World

Foreign-born business owners discuss L.A.'s appeal, challengesForeign-born business owners talk about how they sowed success by putting down roots in Los Angeles.

March 2, 2015 midnight   $$ Share

Stocks Fall

The Dow Jones industrial average fell 85 points in Tuesday trading to close at 18,203. The S&P 500 fell 10 points to 2,108. The Nasdaq fell 28 points to 4,980. The LABJ Stock Index fell one point to 227.

PacWest Continues Buyout Binge, Grabs Tech Lender Square 1

Century City’s PacWest Bancorp announced Monday that it has agreed to buy Square 1 Financial Inc. in Durham, N.C., which specializes in lending to venture capital-backed companies, in an all-stock deal valued at about $849 million.

Markets Up

The Dow Jones industrial average rose 156 points in Monday trading to close at 18,289. The S&P 500 rose 13 points to 2,117. The Nasdaq rose 45 points to 5,008. The LABJ Stock Index rose two points to 227.

PE Roundup: Private Equity Deals Announced This Week

Century City private equity and debt firm Breakaway Capital Partners announced Wednesday that it has provided a senior credit facility to Wave Technology Solutions Group Inc., an IT consulting firm in Irvine. Terms of the deal were not disclosed.

Medbox, Second Sight Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell slightly for the week. The weighted LABJ index fell less than 1 percent to close at 225, with losers just outpacing gainers 77 to 73. Eight companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 82 points and closed at 18,133. The S&P 500 fell six points to 2,105. The Nasdaq fell 24 points to 4,964. The LABJ Stock Index fell eight points to 225.

Stocks Mixed

The Dow Jones industrial average rose 10 points in Thursday trading to close at 18,214. The S&P 500 fell three points to 2,111. The Nasdaq rose 21 points to 4,988. The LABJ stock index fell one point to 226.

Markets Mixed

The Dow Jones industrial average rose 15 points in Wednesday trading to close at 18,225. The S&P 500 fell two points to 2,114. The Nasdaq fell one point to 4,967. The LABJ stock index rose one point to 226.

Briefs

Restraining Order Closes Collective, Shareholders Approve Pacific Commerce Bank Purchase, Blackline Hires CFO, Lion to List on Nasdaq

Stocks Rise

The Dow Jones industrial average rose 92 points in Tuesday trading to close at 18,209. The S&P 500 rose six points to 2,115. The Nasdaq rose seven points to 4,968. The LABJ Stock Index fell one point to 225.

San Dimas Man Arrested in $9 Million Scheme to Defraud East West Bank

The Department of Justice announced Tuesday that it has arrested Chung Yu “Louis” Yeung of San Dimas for his alleged role in a scheme that Pasadena’s East West Bank said cost it more than $9 million. Yeung’s alleged co-conspirator, Guo Xiang “David” Fan, remains at large.

Stocks Mixed

The Dow Jones industrial average fell 24 points in Monday trading to close at 18,117. The S&P 500 fell one point to 2,110. The Nasdaq rose five points to 4,961. The LABJ Stock Index rose one point to 226.

Stocks Down

The Dow Jones industrial average was down 42 points in Monday morning trading to 18,100. The S&P 500 was down three points to 2,107. The Nasdaq was down nine points to 4,947. The LABJ Stock index was flat at 225.

PE Roundup: Private Equity Deals Announced This Week

West L.A. private debt firm Crescent Capital announced Monday that it has provided a credit facility for the recapitalization of Interfloor Group Ltd., a Lancashire, England, flooring accessories company. Loan terms were not disclosed.

Nova Lifestyle, United Online Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly for the week. The weighted LABJ index edged up less than 1 percent to close at 225, with gainers outpacing losers 85 to 64. Nine companies closed the week unchanged.