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 273 points in Tuesday trading to close 16,719. The S&P 500 fell 30 points to 1,935. The Nasdaq fell 70 points to 4,385. The LABJ Stock Index fell three points to 198.

Oaktree Taps First Chief Executive

Jay Wintrob will take over as chief executive of downtown Los Angeles investment management firm Oaktree Capital Group next month, the firm announced Monday.

Stocks Fall

The Dow Jones industrial average fell 18 points in Monday trading to close at 16,992. The S&P 500 fell three points to 1,965. The Nasdaq fell 21 points to 4,455. The LABJ Stock Index fell one point to 200.

Kite Pharma, RealD Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest public companies rose for the week.

Stocks Up

The Dow Jones industrial average rose 209 points in Friday trading to 17,009. The S&P 500 rose 22 points to 1,968. The Nasdaq rose 45 points to 4,476. The LABJ stock index rose three points to 201.

Stocks Mixed

The Dow Jones industrial average fell four points in Thursday trading to 16,801. The S&P 500 was flat at 1,946. The Nasdaq rose eight points to 4,430. The LABJ stock index was flat at 199.

Stocks Fall

The Dow Jones industrial average fell 238 points in Wednesday trading to 16,805. The S&P 500 fell 26 points to 1,946. The Nasdaq fell 71 points to 4,422. The LABJ stock index fell two points to 199.

L.A. Economy Lags, Shows Spotty Growth

The economic recovery in Los Angeles has been uneven and lags behind the rest of the state and nation, according to a report to be released this morning by Beacon Economics and the Los Angeles Area Chamber of Commerce.

Seattle Lender to Buy Covina’s Simplicity Bank

Covina savings and loan Simplicity Bancorp Inc. announced Monday that it has entered into an agreement to be purchased by Seattle bank HomeStreet Inc. in an all-stock deal. The combined company will have about $4.1 billion in assets under management.

Stocks Down

The Dow Jones industrial average fell 42 points in Monday trading to 17,071. The S&P fell five points to 1,978. The Nasdaq fell six points to 4,506. The LABJ stock index was flat at 201.

L.A. Bank’s Survey Reports Optimism for 2015

The majority of local small and medium-sized businesses expect revenues to increase next year, according to a survey taken by downtown Los Angeles bank CTBC Bank Corp.

Smart & Final, Green Dot Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of the area’s largest public companies fell for the week.

Stocks Up

The Dow Jones industrial average rose 167 points in Friday trading to 17,113. The S&P 500 rose 17 points to 1,983. The Nasdaq rose 45 points to 4,512. The LABJ stock index rose one point to 201.

All That Glitters May Be Going

Santa Monica proves its mettle by going after a gold dealer accused of bait-and-switch scheme.

Regulators Bless Bank Deal

Two Los Angeles banks are one step closer to merging after announcing Thursday they have received all approvals from government regulators.