HEALTH CARE: Increase in patient visits helps boost shares of IPC.
Investors check into IPC after the medical employee business reports healthy quarter
A Los Angeles banker, the head of a Middle Eastern investment bank and retired General Wesley Clark plan to announce Monday the formation of an investment fund to help rebuild Syria.
Koreatown bank holding company BBCN Bancorp’s earnings fell well short of investors’ expectations, thanks in part to one bad loan.
Wilshire Bancorp Inc. on Monday reported sharply lower first-quarter profits compared to last year, though the results topped Wall Street expectations.
FINANCING: Owners of Planet Blue retain larger stake with debt transaction.
Santa Monica retailer and fashion brand Planet Blue needed cash to buy more inventory, redo its website and attract more online customers.
INVESTMENT: Wedbush aims to tap Warsaw exchange.
Stock brokerage Wedbush is betting its zloty on Poland’s Warsaw exchange as a revenue generator.
Downtown L.A. bank holding company City National Corp., parent of City National Bank, on Thursday reported higher first-quarter net income that fell just shy of investors’ expectations.
BBCN Bancorp is heading east with Tuesday’s announcement that it plans to acquire a Chicago-based Korean-American bank for $4.6 million.
Special Report: Tech Finance
Business Journal takes a step-by-step look at how funding needs are met as tech startups mature, with profiles of local investors.
INVESTMENT: Vets exit TCW as Carlyle takes over.
TCW can no longer bank on a stable image as veteran executives continue to jump ship.
Monrovia’s Green Dot Corp. is in the market for a new chief financial officer after John Keatley announced he plans to leave the company by September.
The fired auditor at the center of a Los Angeles insider trading case has been identified as Scott London, a longtime partner in the downtown L.A. office of accounting firm KPMG and a board member of the Los Angeles Area Chamber of Commerce.
ACQUISITION: Vance Street takes controlling interest in Micronics.
The filters that separate precious metals from wastewater at a mine or pull impurities out of milk at a dairy aren’t expensive, but they’re vital pieces of equipment that companies will continue to buy if they’re reliable.
HEALTH CARE: Valeant’s latest bid for Obagi might fall short as stock surges.
Valeant fleshes out a bigger offer for skin-care products company Obagi.
Farmers bank keeps share number low, value high
Is Farmers & Merchants Bank the Berkshire Hathaway of Los Angeles?
Fitzgerald poems and Richard III signature to go up on block.
Nate Sanders hopes poems by F. Scott Fitzgerald and Richard III’s signature have the write stuff with bidders.
MANUFACTURING: Keck-Craig out of its depth competing with 3-D prototypes.
Old-school Keck-Craig found itself out of shapes when competing with 3-D modelers for prototype work.
LENDING: Evergreen can’t even sell off its charter.
Evergreen International Bank checks out after failing to find a buyer for its assets or charter.
INVESTMENT: Oaktree, National Financial praise bank as stable tenant.
When Wells Fargo & Co. pays its rent next month, the San Francisco banking giant will be sending a few big checks to Los Angeles.
HEALTH CARE: Obagi accepts acquisition offer from Montreal’s Valeant.
Successful suitor Valeant fleshes out deal for skin care products maker Obagi.
INVESTMENT: Cereplast activity partly fueled by new shares from debt deals.
Investors have turned up Cereplast’s stock trading volume as they attempt to sound out the plastic resin maker’s future.
FOOD: Snak King restyles packaging of Whole Earth brand to accent flavor over health benefits.
Snak King hopes shoppers bite on the refocus of its Whole Earth line from healthy to tasty products.
Fast A/R Funding uses online advertising to pursue clients outside of factoring’s traditional sectors.
Tightened credit standards at banks have prompted businesses to turn to factors for high-cost, short-term loans.
AUTOMOTIVE: Coda may seek sale as firm grinds gears.
Coda brings in investment banker as the electric car maker spins its wheels saleswise.
Broadway Federal Bank continued to shore up its balance sheet last month, selling off more than $13 million in nonperforming loans.
BANKING: Wary lenders look to cut ties to properties.
Lenders look to nip deals involving pot shops in the bud before the properties are seized by law enforcement.
Looking to Offer Services Beyond Mortgages
Keith Sultemeier is an outlier.
Once a Customer, Now CEO
Jim Updike’s rise through the credit union industry started at the very bottom with a small loan to buy a TV set in 1969.
Harry Potter fan shop looks to make waves with wizard cruise.
Shop for Harry Potter fans looks to buoy business with wizard-themed ocean cruise.
REAL ESTATE: Shares fall after MPG reportedly ends search for buyer.
MPG stock falters as property owner comes up short in deal for high-rise portfolio.
GAMING: Hollywood Park looks to beef up gambling operations while pursuing mixed-use development.
Hollywood Park puts its money on new casino operator while its mixed-use project isn’t out of the starting gate.
The acquisition of downtown Los Angeles asset manager TCW Group Inc. by the Carlyle Group and TCW management has closed, the companies announced Wednesday.
The owner of Inglewood’s Hollywood Park Casino plans to fire all 600 casino employees next month as it prepares to hand off operations to a different company, according to a memo sent to casino employees Monday.
INVESTMENT: Brentwood joins in $20 million round for Veggie Grill chain.
Westwood private equity firm Brentwood Associates has doubled down on vegan-friendly restaurant Veggie Grill and will get a tighter grip on the growing company in return.
George Clooney and nightclub operator launch liquor line.
Restaurateur Rande Gerber and actor George Clooney hope to catch lightning in a bottle with new tequila.
LENDING: Credit issues at NCAL helped to scuttle move by Grandpoint.
NCAL’s credit issues helped halt its acquisition by Grandpoint.
Koreatown banking giant BBCN Bancorp Inc. posted fourth-quarter profit above Wall Street expectations.
Reports - Overbuilt in the years leading up to the housing crisis and recession, the Santa Clarita Valley’s office market has been nearly one-quarter vacant for most of the past several years.
DINING: DineEquity stock up amid talk of buyback or regular dividend.
DINING – Talk about a share buyback or regular dividend has investors filling up on stock of Glendale restaurant franchiser DineEquity.
CleanCierge’s laundry lockers offer at-home drop-off and pickup.
LAUNDRY – CleanCierge.com co-founders expect business to keep picking up for their drop-off dry-cleaning service.
Girl Scout camped out at stores in her bid to sell the most cookies.
NON-PROFIT – Kristina Nelson out-boxed her Girl Scout rivals to sell the most cookies in greater Los Angeles.
The parent company of Koreatown’s Hanmi Bank reported a solid fourth quarter, with profit more than doubling over the same period a year ago as the bank paid out less interest and lost less cash to bad debts.
Growth in deposits, loans and credit quality helped East West Bancorp Inc. post record earnings last year, with profits up 15 percent over 2011.
FINANCING: Green Dot hopes to make GoBank work without loans.
GoBank, a new online bank created by Monrovia’s Green Dot Corp., offers checking accounts and online bill payment, and it’s insured by the FDIC.
Men’s apparel maker turns to trees to clothe customers’ trunks.
Maker of men’s undergarments branches into wood-fiber apparel.
ACQUISITION: Royal sees opportunity to broaden Chinese-American base.
After buying a Ventura County bank in 2011, Royal Business Bank in downtown Los Angeles has made another acquisition, this time in Orange County.
The tech-heavy startup scene in Los Angeles helped the region buck a national trend last year, drawing more venture capital investments as the nation saw an overall decline.
BBCN Bancorp Inc. said that Alvin Kang, the bank holding company’s chief executive, will resign effective Jan. 31. Kang is also resigning from his post as a director of the company.
Former aerospace engineer Randy Herrel now works on blueprint to bring back the crowds to Catalina.
Former aerospace engineer Randy Herrel now hopes to relaunch Catalina Island as a tourist destination.