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 Rise

The Dow Jones industrial average rose 27 points in Wednesday trading to close at 17,903. The S&P 500 rose six points to 2,082. The Nasdaq rose 41 points to 4,951. The LABJ Stock Index rose two points to 228.

Stocks Fall

The Dow Jones industrial average fell five points in Tuesday trading to close at 17,875. The S&P 500 fell four points to 2,076. The Nasdaq fell seven points to 4,910. The LABJ stock index was flat at 226.

Stocks Rise

The Dow Jones industrial average rose 118 points in Monday trading to close at 17,881. The S&P 500 rose 14 points to 2,081. The Nasdaq rose 30 points to 4,917. The LABJ Stock Index was flat at 226.

PE Roundup: Private Equity Deals Announced This Week

Publicly traded Santa Monica real estate investment firm Colony Financial Inc. announced Thursday that it has completed its combination with related Santa Monica private equity and investments firm Colony Capital.

CBRE, DreamWorks Among Week’s Big Movers

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

Stocks Rise

The Dow Jones industrial average rose 65 points in Thursday trading to close at 17,763. The S&P 500 rose seven points to 2,067. The Nasdaq rose seven points to 4,887. The LABJ Stock Index rose one point to 226.

Stocks Fall

The Dow Jones industrial average fell 78 points in Wednesday trading to close at 17,698. The S&P 500 fell eight points to 2,060. The Nasdaq fell 21 points to 4,880. The LABJ Stock Index fell one point to 225.

Wilshire Bank Opens First Georgia Branch

Koreatown’s Wilshire Bancorp Inc. announced Tuesday that it has opened its first full-service bank branch in Georgia, located in the city of LaGrange. The bank, Los Angeles County’s ninth-largest, primarily caters to the Korean-American community.

Stocks Fall

The Dow Jones industrial average fell 200 points in Tuesday trading to close at 17,776. The S&P 500 fell 18 points to 2,068. The Nasdaq fell 47 points to 4,901. The LABJ Stock Index fell three points to 226.

Stocks Rise

The Dow Jones industrial average rose 264 points to close at 17,976. The S&P 500 rose 25 points to 2,086. The Nasdaq rose 56 points to 4,947. The LABJ Stock Index rose two points to 229.

PE Roundup: Private Equity Deals Announced This Week

Century City’s OpenGate Capital announced Monday that it has completed the sale of Kotkamills Oy, a Finnish specialty paper and wood products company, to Finnish private equity firm MB Funds.

Stocks Rise

The Dow Jones industrial average rose 34 points in Friday trading to close at 17,713. The S&P 500 rose five points to 2,061. The Nasdaq rose 28 points to 4,891. The LABJ stock index rose one point to 227.

Stocks Down

The Dow Jones industrial average fell 40 points in Thursday trading to close at 17,678. The S&P 500 fell five points to 2,056. The Nasdaq fell 13 points to 4,863. The LABJ stock index was flat at 226.

Stocks Fall

The Dow Jones industrial average fell 293 points in Wednesday trading to close at 17,719. The S&P 500 fell 30 points to 2,061. The Nasdaq fell 118 points to 4,877. The LABJ stock index fell four points to 226.

Stocks Fall

The Dow Jones industrial average fell 105 points in Tuesday trading to close at 18,011. The S&P 500 fell 13 points to 2,092. The Nasdaq fell 16 points to 4,995. The LABJ stock index fell two points to 230.