LA FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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.
Herbalife Ltd.’s $200 million settlement with the Federal Trade Commission will mean a rethinking of how it conducts operations, but reimagining a $6 billion company’s business model is no easy task.
Business Journal sorts through the good and bad news in Herbalife’s $200 million FTC settlement.
The profitability of publicly held real estate companies and Dollar Shave Club’s $1 billion exit are all part of the story of the strength of the local economy.
Is Gores Group developing a sweet tooth?
MedMen, a cannabis management company based in Culver City, announced that it was launching a $100 million private equity fund.
Online health food store Thrive Market has raised a $111 million round.
Now that Ron Burkle’s West Hollywood investment firm Yucaipa Cos. has closed a $30 million investment in sports agency Independent Sports and Entertainment, the billionaire is setting to work increasing the earning power of its clients.
MEDIA: Variety recasts print publication in heated showbiz battle.
Variety raises the curtain on a print redesign in a running battle among showbiz trade publications to draw readers.
L.A. oil firm Breitburn Energy Partners has received court approval to draw on $75 million in financing to sustain itself during bankruptcy proceedings.
Pasadena-based CIT Bank has finally won approval of its new community reinvestment plan from federal regulators, a condition of the consent of its merger with OneWest Bank last summer.
Beverly Hills talent agency WME IMG has received a $250 million investment from Japanese finance and telecom giant SoftBank.
Activist investor group Ides Capital of New York is working to shake up the board of Westwood’s Boingo Wireless Inc.
Santa Monica investment firm Clearlake Capital Croup announced Thursday it had led the recapitalization of Synder, Texas oilfield services provider Globe Energy Services. Terms of the transaction were not disclosed.
The Dow Jones industrial average was down 24 points in trading day to close at 17,528. The S&P 500 was down four points to 2,057. The Nasdaq was down eight points to 5,041. The LABJ Stock Index was flat at 237.