LA FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
INVESTMENT: Peak6 takes controlling stake in Spark, owner of ChristianMingle.
Hedge fund Peak6 seals deal with dating site operator Spark Networks for controlling stake.
Embattled South Korean cargo container carrier Hanjin Shipping Co. Ltd. is expected to present a $1.1 billion liquidity plan Thursday in efforts to avoid bankruptcy.
The Los Angeles Football Club’s future 22,000-seat stadium will be called the Banc of California Stadium, according to an agreement between the soccer club and Irvine-based bank announced today.
The long-running battle between local card rooms and tribal gaming casinos has a new skirmish line: a change in an obscure state rule that could cost the local card rooms millions of dollars in revenue each year.
Los Angeles was the city with the second highest number of fast growing private businesses in the country last year, according to the 2016 Inc. 5000 list, published by Inc. Magazine on Aug. 17.
Westwood urban residential real estate investment and management firm CityView announced Monday that it had closed a $150 million equity fund to invest in multifamily housing in the Western and Southwestern United States.
Film producer and New York Giants co-owner Steve Tisch believes Rams, Los Angeles ready to play ball
Oscar-winning producer and New York Giants co-owner Steve Tisch talks how the Rams will play in Los Angeles.
West Hollywood social media curation service Opinit has agreed to be acquired by Canadian app developer Fundamental Applications Corp.
ENERGY: Breitburn brass could receive millions from bankruptcy judge.
Executives at Breitburn Energy Partners, an L.A. oil and gas exploration partnership that filed for bankruptcy in May, could receive tens of millions of dollars in bonuses under a proposal to be considered in U.S. Bankruptcy Court on Aug. 18.
The U.S. Environmental Protection Agency on Wednesday announced settlements with two Southern California facilities for improper handling of hazardous waste.
Comedy website Funny Or Die is laying off 37 of its staffers and closing its San Mateo office as it refocuses its resources on creating content.
FITNESS: Sale of UFC to WME/IMG may boost franchising.
The purchase of Ultimate Fighting Championship by WME/IMG may boost the prospects for franchisees of its branded gyms.
Mobile game producer and distributor Scopely has closed a $55 million Series B funding round, bringing its total equity funding to $99 million.
HOSPITALITY: Demand for rooms near Convention Center spurs large project.
Lightstone Group is moving forward with plans to build a $450 million hotel with 1,100 rooms across from the Convention Center.
INVESTMENT: Entravision hits No. 1 on list of most profitable.
Spanish-language radio and TV broadcaster Entravision dialed up its performance to top the Business Journal’s list of most profitable public companies.