Los Angeles Business Journal

LA FINANCE

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

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.

Stocks Fall; NantKwest Climbs, Ceres Continues Slide

The Dow Jones industrial average fell 163 points in Wednesday trading to close at 17,349. The S&P 500 fell 17 points to 2,080. The Nasdaq fell 40 points to 5,019. The LABJ Stock Index fell one point to 235.

Stocks Fall; MRV Communications Rises, Nova Lifestyle Tanks

The Dow Jones industrial average fell 34 points in Tuesday trading to close at 17,511. The S&P 500 fell six points to 2,097. The Nasdaq fell 32 points to 5,059. The LABJ Stock Index fell three points to 236.

Stocks Rise; Ritter Pharmaceuticals Climbs, Marathon Sinks

The Dow Jones industrial average rose 68 points in Monday trading to close at 17,545. The S&P 500 rose 11 points to 2,102. The Nasdaq rose 43 points to 5,092. The LABJ Stock Index rose three points to 239.

American Apparel, Soon-Shiong’s NantKwest Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week. The weighted LABJ index fell one percent to close at 236, with gainers outpacing losers 85 to 64. Eight companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 69 points in Friday trading to close at 17,477. The S&P 500 rose eight points to 2,092. The Nasdaq rose 15 points to 5,048. The LABJ Stock Index was flat at 236.

PE Roundup: Private Equity Deals Announced This Week

West L.A.’s Leonard Green & Partners and TPG Capital of Forth Worth, Texas, will take a majority stake in Ellucian Co. of Fairfax, Va., a maker of software used by colleges and universities.

Stocks Mixed; NetSol Soars, Kite Pharma Sinks

The Dow Jones industrial average rose six points in Thursday trading to close at 17,408. The S&P 500 fell three points to 2,083. The Nasdaq fell 11 points to 5,034. The LABJ Stock Index was flat at 236.

Stocks Mixed; Ceres Doubles Up, American Apparel Tanks

The Dow Jones industrial average was flat in Wednesday trading, closing at 17,403. The S&P 500 rose two points to 2,086. The Nasdaq rose eight points to 5,044. The LABJ Stock Index was flat at 236.

Earnings Rundown: Ares Earnings Miss Expectations, DTS Shares Fall on Lowered Guidance, Shares Fall

Century City private equity and debt giant Ares Management reported second-quarter economic net income of 32 cents a share, falling short of analyst predictions of 39 cents a share.

Stocks Fall; Puma Biotechnology is Up, Capricor Tanks

The Dow Jones industrial average fell 212 points in Tuesday trading to close at 17,403. The S&P 500 fell 20 points to 2,084. The Nasdaq fell 65 points to 5,037. The LABJ Stock Index fell three points to 237.

Stocks Rise; Radnet Soars, Capricor Sinks

The Dow Jones industrial average rose 242 points in Monday trading to close at 17,615. The S&P 500 rose 27 points to 2,104. The Nasdaq rose 58 points to 5,102. The LABJ Stock Index rose one point to 240.

IPC Healthcare, Stamps.com Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week. The weighted LABJ index fell three percent to close at 238, with losers outpacing gainers 91 to 62. Four companies closed the week unchanged.