LA FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...The Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies rose again for the week amid wider market gains.
Staffing Outlook Improves
The staffing outlook among L.A. area employers shows that layoffs may hit a five-year low during the second quarter, according to a survey released Tuesday from Manpower Group.
Fresh Script
Talent agency CAA tries role of tech startup investor
Hollywood talent agencies look to cast themselves in a new role: tech investors.
Russell Goldsmith: Taking Image Into Account
Russell Goldsmith oversees the growth of City National Bank; now he’s focused on L.A.’s infrastructure
The Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies climbed for the week as the Dow ended a week of record-breaking gains.
BBCN Bancorp Chairman Named CEO
BBCN Bancorp on Thursday said that Chairman Kevin S. Kim has been named president and chief executive.
Mercury Sues Insurance Commissioner
Mercury General Corp.’s insurance unit has filed a lawsuit against state Insurance Commissioner Dave Jones, challenging his order of an 8 percent rate decrease for the company’s 270,000 homeowner policyholders in the state.
Bank Sheds Nonperforming Loans as Well as CFO
Broadway Federal Bank continued to shore up its balance sheet last month, selling off more than $13 million in nonperforming loans.
The Week’s Biggest Movers
The Business Journal’s index of largest local public companies rose for the week as positive economic data outweighed concerns about the federal government sequester.
Local Economy Seen Improving Through 2014
The Los Angeles economy is expected to continue its steady improvement through 2014 barring sudden impacts of budget cuts or other unforeseen drags on the national economy, according to a forecast to be released today.
Shamrock Invests in Wireless Infrastructure Firm
Shamrock Capital Advisors has invested $100 million in Newport Beach wireless infrastructure firm Mobilitie, the companies announced Tuesday.
The Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies closed up slightly for the week as the broader markets were flat.
14 Arrested in Stock Fraud Case
Federal authorities on Thursday announced the arrest of 14 people, some of them from Los Angeles, on charges of manipulating stock prices for profits of more than $30 million.
Storm, Car Accidents Cut Mercury to the Quick
INSURANCE: Hurricane Sandy, rising auto claims feed fourth-quarter loss.
Rise in expense of car collisions helps crash Mercury’s fourth quarter earnings.
The Week’s Biggest Movers
The Los Angeles Business Journal’s index of largest local public companies gained for the week on positive corporate earnings and news that the U.S. trade deficit narrowed.
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