Los Angeles Business Journal

LA FINANCE

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

Leasing Firm Commits Long Term to Equipment

Finance: Enverto envisions traditionally staid sector as ripe for app, investors.Finance: Enverto banks on equipment leases with customers who have been spurned by other lenders.

By Matt Pressberg October 13, 2014 midnight   $$ Share

CytRx, Vitesse Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest public companies fell for the week. The weighted LABJ index fell 1 percent to close at 194. Gainers outpaced losers by 83 to 68, with 10 companies unchanged.

L.A. Venture Funding Climbs

Los Angeles-area companies raised $436 million in the third quarter, a 33 percent increase from the same period last year, according to the latest Money Tree Report from PricewaterhouseCoopers and the National Venture Capital Association

Stocks Rise

The Dow Jones industrial average rose 263 points in Friday trading to close at 16,380. The S&P 500 rose 24 points to 1,887. The Nasdaq rose 41 points to 4,258. The LABJ Stock Index rose three points to 194.

L.A. Unemployment Dips to 8 Percent

L.A.’s unemployment rate dipped to 8 percent last month as the county gained 28,000 jobs, mostly from teachers returning to schools after summer vacation, according to state figures released Friday.

Poll: Oil prices keep dropping, which means gasoline and other fuel prices may decline further. What effect will this have on the economy?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition.

Stocks Mixed

The Dow Jones industrial average fell 25 points in Thursday trading to 16,117. The S&P 500 was flat at 1,863. The Nasdaq rose two points to 4,217. The LABJ Stock Index was flat at 192.

Stocks Fall

The Dow Jones industrial average fell 173 points Wednesday to close at 16,142. The S&P 500 fell 15 points to 1,862. The Nasdaq fell 12 points to 4,215.

Stocks Mixed

The Dow Jones industrial average fell six points in Tuesday trading to close at 16,315. The S&P 500 rose three points to 1,878. The Nasdaq rose 14 points to 4,227. The LABJ Stock Index was flat at 193.

Stocks Fall

The Dow Jones industrial average fell 223 points in Monday trading to close at 16,321. The S&P 500 fell 31 points to 1,875. The Nasdaq fell 63 points to 4,214. The LABJ Stock Index fell three points to 193.

Aura Systems, Trio Tech Among Week’s Big Movers

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

Gores Group Sells Car Fabrics Maker to Clearlake Capital

Beverly Hills private equity firm Gores Group announced Thursday that it sold Sage Automotive Interiors to Clearlake Capital Group, a private equity firm in Santa Monica. Terms were not disclosed.

Stocks Fall

The Dow Jones industrial average fell 335 points in Thursday trading to close 16,660. The S&P 500 fell 41 points to 1,928. The Nasdaq fell 90 points to 4,378. The LABJ Stock Index fell four points to 197.

Stocks Rise

The Dow Jones industrial average rose 275 points in Wednesday trading to close 16,994. The S&P 500 rose 34 points to 1,969. The Nasdaq rose 83 points to 4,469. The LABJ Stock Index rose three points to 201.

Community Group to Oppose CIT-OneWest Deal

The California Reinvestment Coalition, an organization that advocates for banks to do more for low-income communities, will oppose the planned purchase of Pasadena’s OneWest Bank by Livingston, N.J., finance firm CIT Group Inc.

Stocks Fall

The Dow Jones industrial average fell 273 points in Tuesday trading to close 16,719. The S&P 500 fell 30 points to 1,935. The Nasdaq fell 70 points to 4,385. The LABJ Stock Index fell three points to 198.