Los Angeles Business Journal

LA FINANCE

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

Westlake Hit With $44 Million Enforcement Action

The Consumer Financial Protection Bureau announced Thursday it had ordered billionaire Don Hankey’s auto finance company to refund $44.1 million to customers it alleges the company wronged through illegal debt collection tactics.

Stocks Mixed; U.S. Auto Parts Soars, Second Sight Medical Products Falls

The Dow Jones industrial average fell 13 points in Thursday trading to close at 16,272. The S&P 500 rose four points to 1,924. The Nasdaq rose seven points to 4,627. The LABJ Stock Index rose one point to 217.

Stocks Rise; Staar Surgical is Up, Ceres Tanks

The Dow Jones industrial average rose 236 points in Wednesday trading to close at 16,285. The S&P 500 rose 36 points to 1,920. The Nasdaq rose 103 points to 4,620. The LABJ Stock Index rose five points to 217.

Stocks Mixed; Qualstar Rises, Ritter Pharmaceuticals Tanks

The Dow Jones industrial average rose 47 points in Tuesday trading to close at 16,049. The S&P 500 rose two points to 1,884. The Nasdaq fell 27 points to 4,517. The LABJ Stock Index rose one point to 212.

Stocks Fall; TrueCar Soars, NantKwest Sinks

The Dow Jones industrial average fell 313 points in Monday trading to close at 16,002. The S&P 500 fell 50 points to 1,882. The Nasdaq fell 143 points to 4,544. The LABJ Stock Index fell six points to 211.

Simulations Plus, Boingo Wireless 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 217, with losers outpacing gainers 96 to 54. Eight companies closed the week unchanged.

Stocks Mixed

The Dow Jones industrial average rose 113 points in Friday trading to close at 16,315. The S&P 500 fell one point to 1,931. The Nasdaq fell 48 points to 4,687. The LABJ Stock Index fell two points to 217.

Stocks Fall; Arrowhead Rises, Unico American Tanks

The Dow Jones industrial average fell 79 points in Thursday trading to close at 16,201. The S&P 500 fell seven points to 1,932. The Nasdaq fell 18 points to 4,734. The LABJ Stock Index fell two points to 219.

Stocks Fall; Ares Soars, California Resources Sinks

The Dow Jones industrial average fell 51 points in Wednesday trading to close at 16,280. The S&P 500 fell four points to 1,939. The Nasdaq fell four points to 4,753. The LABJ Stock Index fell one point to 221.

Stocks Fall; Point.360 Booms, TrueCar Brakes

The Dow Jones industrial average fell 180 points in Tuesday trading to close at 16,330. The S&P 500 fell 24 points to 1,943. The Nasdaq fell 72 points to 4,757. The LABJ Stock Index fell two points to 221.

Stocks Rise; Ritter Pharmaceuticals Climbs, Broadway Financial Tanks

The Dow Jones industrial average rose 126 points in Monday trading to close at 16,510. The S&P 500 rose nine points to 1,967. The Nasdaq rose two points to 4,829. The LABJ Stock Index was flat at 224.

Qualstar, Broadway Financial Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was unchanged for the week. The weighted LABJ index was flat to close at 224, with gainers outpacing losers 81 to 70. Seven companies closed the week unchanged.

Markets Down

The Dow Jones industrial average fell 290 points in Friday trading to close at 16,385. The S&P 500 fell 32 points to 1,958. The Nasdaq fell 67 points to 4,827. The LABJ Stock Index fell three points to 224.

Markets Mixed Following Fed Decision

Markets were steadily rising Thursday until the Federal Reserve announced it would not raise interest rates. Though economists and investors suspected the Fed might hold off on a long-anticipated rate hike, the announcement was followed by a wild afternoon trading session that saw the market run up and then swoon.

Stocks Rise; Xencor Soars, Pacific Commerce Bank Sinks

The Dow Jones industrial average rose 140 points in Wednesday trading to close at 16,740. The S&P 500 rose 17 points to 1,995. The Nasdaq rose 29 points to 4,889. The LABJ Stock Index rose one point to 225.