Los Angeles Business Journal

LA FINANCE

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

Bank Chief Executive Pays for Pickup With Job

LENDING: Stock price of CIT Group has plunged in wake of deal for OneWest.Problematic pickup of OneWest costs CIT Group CEO John Thain his job.

By Marni Usheroff April 4, 2016 midnight   $$ Share

WME IMG Gets $250 Million Investment from Softbank

Beverly Hills talent agency WME IMG has received a $250 million investment from Japanese finance and telecom giant SoftBank.

Ides Capital Tries to Shake Up Boingo’s Board

Activist investor group Ides Capital of New York is working to shake up the board of Westwood’s Boingo Wireless Inc.

PE Roundup: Private Equity Deals Announced This Week

Santa Monica investment firm Clearlake Capital Croup announced Thursday it had led the recapitalization of Synder, Texas oilfield services provider Globe Energy Services. Terms of the transaction were not disclosed.

Stocks Fall

The Dow Jones industrial average was down 24 points in trading day to close at 17,528. The S&P 500 was down four points to 2,057. The Nasdaq was down eight points to 5,041. The LABJ Stock Index was flat at 237.

Sunset Strip Hotel Gets Financing

A luxury hotel project on the western end of the Sunset Strip in West Hollywood has received $260 million in financing, according to the Los Angeles Times. The project, headed by New York developer Witkoff Group, will be the first West Coast outpost for the Edition hotel brand, a collaboration between Marriott International and Ian Schrager, a boutique hotelier.

Stocks Rise

The Dow Jones industrial average was up 156 points in trading Tuesday to close at 17,525. The S&P 500 was up 21 points to 2,043. The Nasdaq was up 43 points to 4,995. The LABJ Stock Index was up five points to 239.

Stocks Fall

The Dow Jones industrial average was down 76 points in trading Wednesday to close at 17,492. The S&P 500 was down16 points to 2,048. The Nasdaq was down 75 points to 5,023. The LABJ Stock Index was down two points to 237.

Stocks Fall

The Dow Jones industrial average was down 163 points in trading Tuesday to close at 17,568. The S&P 500 was down 13 points to 2,064. The Nasdaq was down four points to 5,098. The LABJ Stock Index was down one point to 239.

Markets Down

The Dow Jones industrial average dropped 117 points in trading Monday to close at 17,731. The S&P 500 declined 15 points to 2,077. The Nasdaq slid 41 points to 5,102. The LABJ Stock Index was down two points to 240.

Stocks Rise

The Dow Jones industrial average was up 370 points in trading Friday to 17,847. The S&P 500 was up 42 points to 2,091. The Nasdaq was up 105 points to 5,142. The LABJ Stock Index was up six points to 242.

Stocks Fall; Second Sight is Up, BreitBurn Sinks Again

The Dow Jones industrial average fell 159 points in Wednesday trading to close at 17,730. The S&P 500 fell 23 points to 2,080. The Nasdaq fell 33 points to 5,123. The LABJ Stock Index fell three points to 241.

Stocks Fall; Broadway Financial Corp. is Up, Guess Tanks

The Dow Jones industrial average fell 79 points in Monday trading to close at 17,719. The S&P 500 fell 10 points to close at 2,080. The Nasdaq fell 19 points to 5,108. The LABJ Stock Index fell two points to 243.

Markets Mixed

The Dow Jones industrial average fell 15 points in Friday trading to close at 17,798. The S&P 500 rose one point to 2,090. The Nasdaq rose 11 points to 5,128. The LABJ Stock Index fell two points to 243.

Stocks Rise; Xencor is Up, Unico American Tanks

The Dow Jones industrial average rose one point in Tuesday trading to close at 17,813. The S&P 500 was flat at 2,089. The Nasdaq rose 13 points to 5,116. The LABJ Stock Index rose one point to 245.

Stocks Rise; TrueCar Surges, Second Sight Medical Products Tanks

The Dow Jones industrial average rose 20 points in Tuesday trading to close at 17,812. The S&P 500 rose three points to 2,089. The Nasdaq was flat at 5,103. The LABJ Stock Index fell one point to 244.