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 Mixed

The Dow Jones industrial average rose 18 points in Tuesday trading to close at 17,384. The S&P 500 fell six points to 2,012. The Nasdaq fell 15 points to 4,624. The LABJ Stock Index fell two points to 213.

Markets Mixed

The Dow Jones industrial average fell 24 points in Monday trading to close at 17,366. The S&P 500 was flat at 2,018. The Nasdaq rose eight points to 4,639. The LABJ Stock Index rose one point to 215.

Ares Acquires Energy Investment Firm

Century City private equity firm Ares Management announced Friday that one of its subsidiaries will buy Boston’s Energy Investors Funds, an asset manager focusing on energy infrastructure with about $4 billion in assets under management.

Big 5, Medbox Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose 5 percent to close at 214. Gainers outpaced losers by 118 to 32, with nine companies unchanged.

Stocks Rise

The Dow Jones industrial average rose 195 points in Friday trading to close at 17,391. The S&P 500 rose 23 points to 2,018. The Nasdaq rose 65 points to 4,631. The LABJ Stock Index rose two points to 214.

Pacific Commerce Bank to Acquire Vibra Bank

Pacific Commerce Bank in Little Tokyo announced Thursday that it had reached an agreement to buy Chula Vista’s Vibra Bank, becoming the latest L.A.-area bank to hop onboard the merger train.

Earnings: Live Nation Beats, Oaktree Falls Short

Downtown Los Angeles investment manager Oaktree Capital Group reported third quarter earnings that missed estimates as it sold fewer holdings.

Hudson Pacific Snaps Up Playa Vista Building

A vacant ’80s-era office building in Playa Vista sold last week for $38 million. West L.A. real estate investment trust Hudson Pacific Properties Inc. paid nearly $373 a square foot for the 102,000-square-foot Marina Corporate Center at 12655 W. Jefferson Blvd. in a sale that closed Oct. 20.

Stocks Rise

The Dow Jones industrial average rose 221 points in Thursday trading to close at 17,195. The S&P 500 rose 12 points to 1,995. The Nasdaq rose 17 points to 4,566. The LABJ Stock Index rose two points to 212.

Stocks Down

The Dow Jones industrial average fell 31 points in Wednesday trading to close at 16,974. The S&P 500 fell three points to 1,982. The Nasdaq fell 15 points 4,549. The LABJ Stock Index was flat at 209.

Stocks Rise

The Dow Jones industrial average rose 188 points in Tuesday trading to close at 17,006. The S&P 500 rose 23 points to 1,985. The Nasdaq rose 78 points to 4,564. The LABJ Stock Index rose five point to 209.

Markets Mixed

The Dow Jones industrial average rose 13 points in Monday trading to close at 16,818. The S&P 500 fell three points to 1,962. The Nasdaq rose two points to 4,486. The LABJ Stock Index was flat at 205.

Medbox, Jakks Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest public companies rose for the week. The weighted LABJ index rose 5 percent to close at 204. Gainers outpaced losers by 109 to 40, with 10 companies unchanged.

Stocks Rise

The Dow Jones industrial average rose 128 points in Friday trading to close at 16,805. The S&P 500 rose 14 points to 1,965. The Nasdaq rose 31 points to 4,484. The LABJ Stock Index rose one point to 204.

Jakks, OSI, City National Beat on Earnings

Hawthorne security systems maker OSI Systems Inc. reported strong earnings Thursday, beating Wall Street expectations and topping last year’s third quarter.