Los Angeles Business Journal

LA FINANCE

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

PE Roundup: Private Equity Deals Announced This Week

Century City’s Breakaway Capital announced last Friday that it provided an $8.4 million senior secured credit facility to and made an equity investment in Lake Success, N.Y., urgent care clinic operator PM Pediatrics Management Group.

Second Sight Medical Products, Entravision Communications Among Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ Stock Index rose 2 percent to close at 231, with gainers slightly outpacing losers 75 to 74. Seven companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 74 points in Friday trading to close at 17,216. The S&P 500 rose nine points to 2,033. The Nasdaq rose 17 points to 4,887. The LABJ Stock Index rose one point to 231.

Stocks Rise; Second Sight Up, Qualstar Tanks

The Dow Jones industrial average rose 217 points in Thursday trading to close at 17,142. The S&P 500 rose 30 points to 2,024. The Nasdaq rose 87 points to 4,870. The LABJ Stock Index rose five points to 231.

Commercial Bank of California to Acquire National Bank of California

This story has been updated from a previous version. Two banks controlled by Downey entrepreneur Alex Meruelo are set to formally join forces.

Stocks Fall; Second Sight Soars, Green Dot Sinks

The Dow Jones industrial average fell 157 points in Wednesday trading to close at 16,925. The S&P 500 fell nine points to 1,994. The Nasdaq fell 14 points to 4,783. The LABJ Stock Index fell one point to 226.

Stocks Fall; Entravision Up, California Resources Corp. Tanks

The Dow Jones industrial average fell 50 points in Tuesday trading to close at 17,082. The S&P 500 fell 14 points to 2,004. The Nasdaq fell 42 points to 4,797. The LABJ Stock Index fell two points to 227.

Stocks Rise

The Dow Jones industrial average rose 47 points in Monday trading to close at 17,132. The S&P 500 rose three points to 2,017. The Nasdaq rose eight points to 4,839. The LABJ Stock Index rose two points to 229.

Clearlake Capital Agrees to Acquire Enterprise Software Firm

Santa Monica private equity firm Clearlake Capital announced Monday that it had agreed to acquire Syncsort Inc., a Woodcliff Lake, N.J., enterprise software company focused on data processing and analysis. Terms were not disclosed.

UTi Worldwide, California Resources Corp. 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 3 percent to close at 227, with gainers outpacing losers 119 to 30. Seven companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 34 points in Friday trading to close at 17,084. The S&P 500 rose one points to 2,015. The Nasdaq rose 20 points to 4,830. The LABJ Stock Index rose one point to 227.

Stocks Rise; General Finance Corp. is Up, Cadiz Falls Again

The Dow Jones industrial average rose 139 points in Thursday trading to close at 17,051, the first time it has closed above 17,000 since August. The S&P 500 rose 18 points to 2,013. The Nasdaq rose 20 points to 4,811. The LABJ Stock Index rose two points to 226.

Stocks Rise; NantKwest Climbs, Cadiz Dries Up

The Dow Jones industrial average rose 122 points in Wednesday trading to close at 16,912. The S&P 500 rose 16 points to 1,996. The Nasdaq rose 43 points to 4,791. The LABJ Stock Index rose three points to 224.

Markets Mixed; BreitBurn Energy Partners Soars, Cadiz Tanks

The Dow Jones industrial average rose 14 points in Tuesday trading to close at 16,790. The S&P 500 fell seven points to 1,980. The Nasdaq fell 33 points to 4,748. The LABJ Stock Index fell two points to 221.

Stocks Up; Mattel Rises, Cadiz Sinks

The Dow Jones industrial average rose 304 points in Monday trading to close at 16,776. The S&P 500 rose 36 points to 1,987. The Nasdaq rose 73 points to 4,781. The LABJ Stock Index rose three points to 223.