Los Angeles Business Journal

LA FINANCE

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

Dow Jones, LABJ Up; S&P Flat; Nasdaq Down

The Dow Jones industrial average rose 15 points in Wednesday’s trading to 17, 122. The S&P 500 was flat at 2, 000. The Nasdaq fell one point to 4,570. The LABJ Stock Index rose one point to 207.

Brentwood Associates Acquires Marshall Retail Group

Brentwood Associates, a Los Angeles private equity firm, said Tuesday it had acquired Marshall Retail Group, a Las Vegas owner and operator of stores in casinos and airports.

Stocks Rise

The Dow Jones industrial average rose 30 points in Tuesday’s trading to 17, 107. The S&P 500 rose 2 points to 2, 000. The Nasdaq rose 13 points to 4,571. The LABJ Stock Index rose one point to 206.

Stocks Rise

The Dow Jones industrial average rose 76 points in Monday’s trading to 17, 077. The S&P 500 rose 10 points to 1,998. The Nasdaq rose 19 points to 4,557. The LABJ Stock Index rose one point to 205.

IPC Acquires Two Doctors Groups

IPC The Hospitalist Co. Inc. announced on Friday that it has acquired two doctors groups in Florida.

Mandalay Digital, International Rectifier Among Week’s Biggest Movers

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

Dow, S&P Down; Nasdaq Up; LABJ Flat

The Dow Jones industrial average fell 38 points in Friday’s trading to 17, 001. The S&P 500 fell 4 points to 1,988. The Nasdaq rose 6 points to 4,539. The LABJ Stock Index was flat at 204.

Levine Leichtman Buys Hot Dog on a Stick

Levine Leichtman Capital Partners, a private equity firm in Los Angeles, announced Thursday it has bought the Hot Dog on a Stick chain.

Dow, S&P, Nasdaq Up; LABJ Flat

The Dow Jones industrial average gained 73 points in Thursday’s trading to close at 17,040. The S&P 500 rose 6 points to close at 1,993. The Nasdaq rose 6 points to close at 4,532. The LABJ Stock Index was flat at 204.

Wedbush Responds to Regulatory Complaint

Downtown stock brokerage Wedbush Securities in Los Angeles has responded to a financial industry group’s allegations of problems in its market access operations over the past several years.

Dow, S&P Up; Nasdaq Down; LABJ Flat

The Dow Jones industrial average gained 60 points in Wednesday’s trading to close at 16,979. The S&P 500 gained 5 points to close at 1,987. The Nasdaq lost 1 point to close at 4,526. The LABJ Stock Index was flat at 204.

Stocks Rise

The Dow Jones industrial average gained 81 points in Tuesday’s trading to close at 16,920. The S&P 500 gained 10 points to close at 1,982. The Nasdaq gained 19 points to close at 4,528. The LABJ Stock Index gained a point to close at 204.

Atlas Capital Leads Group Acquiring Evoq Properties

Atlas Capital Group is leading a group of real estate investment firms poised to acquire Los Angeles real estate management firm Evoq Properties Inc. for some $357 million.

Shareholders Favor Sport Chalet Sale

Sport Chalet Inc. shareholders have approved a $70 million acquisition of the La Canada Flintridge retailer by a Connecticut sporting goods company, the companies announced Monday.

Stocks Rise

The Dow Jones industrial average gained 176 points in Monday’s trading to close at 16,839. The S&P 500 gained 17 points to close at 1,972. The Nasdaq gained 43 points to close at 4,508. The LABJ Stock Index gained a point to close at 203.