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; NantKwest Tops, ReachLocal Tanks

The Dow Jones industrial average fell 51 points in Wednesday trading to close at 17,868. The S&P 500 fell 7 points to 2,102. The Nasdaq fell 3 points to 5,142. The LABJ Stock Index fell 3 points to 240.

Royal Bank of Canada Completes Acquisition of City National

L.A.’s biggest bank is officially Canadian.

Stocks Rise; Second Sight Soars, TrueCar Brakes

The Dow Jones industrial average rose 165 points in Monday trading to close at 17,829. The S&P 500 rose 25 points to 2,104. The Nasdaq rose 73 points to 5,127. The LABJ Stock Index rose 4 points to 241.

NantKwest, On Assignment Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose less than 1 percent to close at 237, with losers outpacing gainers 96 to 52. Eight companies ended the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 92 points in Friday trading to close at 17,664. The S&P 500 fell 10 points to 2,079. The Nasdaq fell 21 points to 5,054. The LABJ Stock Index fell 2 points to 237.

Stocks Fall; On Assignment Soars, MannKind Tanks

The Dow Jones industrial average fell 24 points in Thursday trading to close at 17,756. The S&P 500 fell 1 point to 2,089. The Nasdaq fell 21 points to 5,074. The LABJ Stock Index fell 1 point to 239.

Vance Street Capital Sells Secure Technology

West L.A. private equity firm Vance Street Capital announced Wednesday it has agreed to sell Santa Ana’s Secure Technology Co. to Benchmark Electronics Inc. for approximately $230 million in cash.

Stocks Rise

The Dow Jones industrial average rose 198 points in Wednesday trading to close at 17,780. The S&P 500 rose 24 points to 2,090. The Nasdaq rose 66 points to 5,096. The LABJ Stock Index rose 2 points to 240.

Stocks Fall

The Dow Jones industrial average fell 42 points in Tuesday trading to close at 17,581. The S&P 500 fell five points to 2,066. The Nasdaq fell five points to 5,030. The LABJ Stock Index rose one point to 238.

Stocks Mixed

The Dow Jones industrial average fell 24 points in Monday trading to close at 17,623. The S&P 500 fell four points to 2,071. The Nasdaq rose three points to 5,035. The LABJ Stock Index rose one point to 237.

MannKind, BBCN Bancorp Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 2 percent to close at 236, with gainers outpacing losers 85 to 64. Seven companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 158 points in Friday trading to close at 17,647. The S&P 500 rose 23 points to 2,075. The Nasdaq rose 112 points to 5,032. The LABJ Stock Index rose one point to 236.

Stocks Rise

The Dow Jones industrial average rose 321 points in Thursday trading to close at 17,489. The S&P 500 rose 34 points to 2,053. The Nasdaq rose 80 points to 4,920. The LABJ Stock Index rose four points to 236.

Stocks Fall; U.S. Auto Parts Network Rises, Arrowhead Research Sinks

The Dow Jones industrial average fell 49 points in Wednesday trading to close at 17,169. The S&P 500 fell 12 points to 2,019. The Nasdaq fell 41 points to 4,840. The LABJ Stock Index fell one point to 232.

Former Broker Sentenced for Fraud

A former securities broker at a defunct Sherman Oaks investment firm was sentenced to prison Tuesday for wire fraud associated with a real estate investment scam that cost victims about $4 million, the Justice Department announced.