Los Angeles Business Journal

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

Brand Recognition

INVESTMENT: Incubator Imprint Venture Lab forgoes tech scene to find and power up apparel, appliance businesses.The incubator Imprint Venture Lab eyes new brands in the hope of repeating its success with Knockaround Sunglasses.

By Matt Pressberg April 7, 2014 midnight   $$ Share

On-Location Filming Stays Steady in L.A.

On-location production remained flat in the first quarter despite evidence that the state’s tax credit program is keeping more production in the Los Angeles region.

State Chamber Lists Job-Killer Bills

The California Chamber of Commerce released its annual list of “job killer” bills on Wednesday – and the current tally of 26 is fewer than in recent years.

AFEX Buys Bank in Toronto

AFEX, a Woodland Hills provider of cross-border payment services for businesses, has purchased Jameson Bank in Toronto, the company announced Tuesday.

Los Angeles Has Work to Do on Job Creation

OP-ED

Los Angeles needs to get to work on job creation, according to Edward E. Leamer and Judy D. Olian.

MannKind, Mandalay Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies gained slightly for the week.

PacWest Acquisition Gets Final OK

The Federal Reserve board on Tuesday approved a deal that will create the fourth biggest local bank: Century City’s PacWest Bancorp’s acquisition of downtown L.A. CapitalSource Inc.

Ares Files for IPO

Century City private equity firm Ares Management filed for an initial public offering on Monday.

American Apparel, MannKind Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell slightly for the week.

David Nazarian Gives $10 Million to CSUN Biz School

Cal State Northridge will rename its business school after David Nazarian following a $10 million gift by the L.A. tech and real estate investor.

Universal Studios Expands American Express Partnership

American Express Co. cardholders will have access to film premieres and VIP screenings under an expanded marketing agreement announced Wednesday by the personal finance company and Universal Studios.

Local Companies to Hire 10,000 L.A. Youths

Los Angeles Mayor Eric Garcetti announced Tuesday that Walt Disney Co. and other companies have pledged to hire 10,000 local youths for a summer jobs program, double the number hired last summer.

Large PennyMac Stockholder Paring Stake

Shares of PennyMac Financial Services Inc. fell more than 6 percent Tuesday after its largest shareholder began selling off its stake.

Stocks Decline

In Monday trading, the Dow Jones industrial average was down 26 points, or 0.2 percent, to 16,277. The Nasdaq fell 50 points, or 1.2 percent, to 4,226. The S&P 500 dropped 9 points, or 0.5 percent, to 1,857. The LABJ Stock Index fell 1 point to 188.

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Overseas Appeals

LAW: Gibson Dunn touts recent Latin American wins for Dole, Chevron as it courts more work from multinationals.

Recent court victories for Dole and Chevron are helping Gibson Dunn make its case for more international work.