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 two points in Wednesday trading to close at 17,686. The S&P 500 fell three points to 2,049. The Nasdaq fell 27 points to 4,676. The LABJ Stock Index was flat at 213.

East West Bank Opens Shenzhen Branch

Pasadena’s East West Bank became the first Los Angeles bank with a branch in the Chinese city of Shenzhen, as it opened its newest storefront in the coastal boomtown on Tuesday during a ceremony attended by Los Angeles Mayor Eric Garcetti.

Stocks Rise

The Dow Jones industrial average rose 40 points in Tuesday trading to close at 17,688. The S&P 500 rose 10 points to 2,052. The Nasdaq rose 31 points to 4,702. The LABJ Stock Index rose one point to 213.

Stocks Mixed

The Dow Jones industrial average rose 13 points in Monday trading to close at 17,648. The S&P 500 rose two points to 2,041. The Nasdaq fell 18 points to 4,671. The LABJ Stock Index was flat at 212.

PCM, Demand Media 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 less than 1 percent to close at 212, with losers outpaced gainers 81 to 71. Seven companies closed the week unchanged.

Markets Mixed

The Dow Jones industrial average fell 18 points in Friday trading to close at 17,635. The S&P 500 was flat at 2,040. The Nasdaq rose eight points to 4,689. The LABJ Stock Index fell one point to 212.

Stocks Mixed

The Dow Jones industrial average fell three points in Wednesday trading to close at 17,612. The S&P 500 fell one point to 2,038. The Nasdaq rose 15 points to 4,675. The LABJ Stock Index was flat at 213.

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Baby Products Firm Leases, Expands Downtown

Premium infant products company Ergo Baby Inc. will move its downtown L.A. headquarters early next year, though only baby steps away.

Charney Investigation Costs American Apparel

American Apparel announced a substantial quarterly loss on Monday, but a large part of that was due to one-time charges relating to an internal investigation of former chief executive Dov Charney.

TrueCar, Investors to Sell Shares

Santa Monica car sales portal TrueCar Inc. announced in a Monday SEC filing that it plans to sell 6.4 million shares in a secondary offering.

Kite Pharma, Herbalife 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 less than 1 percent to close at 213. Losers just outpaced gainers, 78 to 76, with five companies unchanged.

Stocks Mixed

The Dow Jones industrial average rose 19 points in Friday trading to close 17,574. The S&P 500 rose one point to 2,032. The Nasdaq fell six points to 4,633. The LABJ Stock Index fell one point to 213.

Stocks Rise

The Dow Jones industrial average rose 70 points in Thursday trading to close at 17,554. The S&P 500 rose eight points to 2,031. The Nasdaq rose 18 points to 4,638. The LABJ Stock Index rose one point to 214.

Stocks Mixed

The Dow Jones industrial average rose 101 points in Wednesday trading to close at 17,485. The S&P 500 rose 11 points to 2,024. The Nasdaq fell three points to 4,621. The LABJ Stock Index was flat at 213.

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Work/Life Balance: Bob Graziano

Market Manager for J.P. Morgan Private Bank in Los Angeles on group texts, keeping in touch with his five sons and what has changed since he left the Dodgers.

During Bob Graziano’s 18 years with the Dodgers – the final six spent as club president and chief operating officer – it was easy to make time for his five sons: they always wanted to come visit him at the stadium. He left the organization 10 years ago and is now a market manager for JPMorgan Private Bank in Los Angeles. Now his effort to keep in touch with his kids is more deliberate. In his current role, Graziano, 56, oversees the private banking business for ultra-high net worth individuals and families, and drives overall strategy and growth for the market. He’s also chairman of the Los Angeles Sports and Entertainment Commission and the LA84 Foundation, which is endowed with the surplus from the 1984 Olympic Games. He serves as an advisory board member of the Jackie Robinson Foundation, the USC Leventhal School of Accounting and the USC Sports Business Institute. We spoke with Graziano about his team approach in matters related to both work and family.