Los Angeles Business Journal

LA FINANCE

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

PE Roundup: Private Equity Deals Announced This Week

This week: Breakaway Capital, Gores Group, Riordan Lewis & Haden and Corridor Capital.

Manhattan Bancorp, Ducommun Inc. Among Week’s Biggest Gainers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index climbed 1 percent to close at 216, despite losers outpacing gainers 98 to 53. Nine companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 191 points in Friday trading to close at 17,512. The S&P 500 rose 27 points to 2,019. The Nasdaq rose 64 points to 4,634. The LABJ Stock Index rose four points to 216.

Local Federal Reserve Branch Appoints Executive Director of SAG-AFTRA

The Federal Reserve of San Francisco named a new chairman and made three other appointments to the board of its Los Angeles Branch, including Panda Express co-founder Peggy Tsiang Cherng.

Stocks Fall

The Dow Jones industrial average fell 106 points in Thursday trading to close at 17,321. The S&P 500 fell 19 points to 1,993. The Nasdaq fell 69 points to 4,571. The LABJ Stock index fell two points to 212.

Irvine Lender to Acquire El Segundo’s Bank of Manhattan

Plaza Bank in Irvine announced Wednesday that it had reached an agreement to acquire El Segundo lender Bank of Manhattan, marking the L.A. area’s first bank merger announced this year.

BizFed Opposes L.A. Minimum Wage Hike, Berkeley Study

The Los Angeles County Business Federation, or BizFed, on Wednesday formally announced its opposition to proposals to hike the minimum wage in the city of Los Angeles to at least $13.25 an hour.

Stocks Fall

The Dow Jones industrial average fell 187 points in Wednesday trading to close at 17,427. The S&P 500 fell 12 points to 2,011. The Nasdaq fell 22 points to 4,639. The LABJ Stock Index fell one point to 214.

Stocks Fall

The Dow Jones industrial average fell 27 points in Tuesday trading to close at 17,614. The S&P 500 fell five points to 2,023. The Nasdaq fell three points to 4,662. The LABJ Stock Index was flat at 214.

Infineon Closes Purchase of International Rectifier

Infineon, a German semiconductor giant, on Tuesday announced that it had finalized its purchase of El Segundo power management technology company International Rectifier. The deal, which was for about $3 billion, was announced Aug. 20.

Stocks Fall

The Dow Jones industrial average fell 97 points in Monday trading to close at 17,641. The S&P 500 fell 17 points to 2,028. The Nasdaq fell 39 points to 4,665. The LABJ Stock Index was flat at 215.

Kite Pharma, CytRx Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell for the week. The weighted LABJ index fell 1 percent to close at 215, with losers outpacing gainers 96 to 58. Seven companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 171 points in Friday trading to close at 17,737. The S&P 500 fell 17 points to 2,045. The Nasdaq fell 32 points to 4,704. The LABJ Stock Index fell one point to 215.

PE Roundup: Private Equity Deals Announced This Week

West L.A. private equity firm Brentwood Associates announced Tuesday that it had acquired Excelligence Learning Corp. in Monterey, which manufactures and sells children’s educational products such as arts and crafts sets to schools and parents. Terms of the deal were not disclosed.

Labor Unions Take On El Super Grocery Chain

Labor unions in Los Angeles are going head to head with Paramount-based grocery chain El Super, again.