Los Angeles Business Journal

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Niche Focus

INVESTMENT: VentureOut looks to back LGBT entrepreneurs but some investors may question breadth of opportunity.VentureOut sees an untapped niche in LGBT entrepreneurs.

By Matt Pressberg August 18, 2014 midnight   $$ Share

Levine Leichtman Buys Hot Dog on a Stick

Levine Leichtman Capital Partners, a private equity firm in Los Angeles, announced Thursday it has bought the Hot Dog on a Stick chain.

Dow, S&P, Nasdaq Up; LABJ Flat

The Dow Jones industrial average gained 73 points in Thursday’s trading to close at 17,040. The S&P 500 rose 6 points to close at 1,993. The Nasdaq rose 6 points to close at 4,532. The LABJ Stock Index was flat at 204.

Wedbush Responds to Regulatory Complaint

Downtown stock brokerage Wedbush Securities in Los Angeles has responded to a financial industry group’s allegations of problems in its market access operations over the past several years.

Dow, S&P Up; Nasdaq Down; LABJ Flat

The Dow Jones industrial average gained 60 points in Wednesday’s trading to close at 16,979. The S&P 500 gained 5 points to close at 1,987. The Nasdaq lost 1 point to close at 4,526. The LABJ Stock Index was flat at 204.

Stocks Rise

The Dow Jones industrial average gained 81 points in Tuesday’s trading to close at 16,920. The S&P 500 gained 10 points to close at 1,982. The Nasdaq gained 19 points to close at 4,528. The LABJ Stock Index gained a point to close at 204.

Atlas Capital Leads Group Acquiring Evoq Properties

Atlas Capital Group is leading a group of real estate investment firms poised to acquire Los Angeles real estate management firm Evoq Properties Inc. for some $357 million.

Shareholders Favor Sport Chalet Sale

Sport Chalet Inc. shareholders have approved a $70 million acquisition of the La Canada Flintridge retailer by a Connecticut sporting goods company, the companies announced Monday.

Stocks Rise

The Dow Jones industrial average gained 176 points in Monday’s trading to close at 16,839. The S&P 500 gained 17 points to close at 1,972. The Nasdaq gained 43 points to close at 4,508. The LABJ Stock Index gained a point to close at 203.

L.A. Unemployment Stays at 8.1 Percent

L.A.’s unemployment rate held steady at 8.1 percent for July even as the county lost 58,000 jobs in July as schools let out for the summer, according to state figures released Friday.

Reed’s, Motorcar Parts of America Among Week’s Big Movers

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

Dow Jones Down; Nasdaq Up; S&P, LABJ Flat

The Dow Jones industrial average fell 51 points in Friday’s trading to close at 16,663. The S&P 500 was flat at 1,955. The Nasdaq rose 12 points to close at 4,465. The LABJ Stock Index was flat at 202.

Stocks Rise

The Dow Jones industrial average rose 62 points in Thursday’s trading to 16,714. The S&P 500 rose 8 points to 1,955. The Nasdaq rose 19 points to 4,453. The LABJ Stock Index rose 2 points to 201.

Wash Multifamily Laundry Systems Buys Seattle Firm

Wash Multifamily Laundry Systems of El Segundo has acquired American Meter & Appliance in a deal that will allow the company to expand in the Pacific Northwest and Alaska. Wash Multifamily, which is privately held, announced the deal on Wednesday. Terms were not disclosed. Both companies provide design services and laundry equipment to apartment complexes and college campuses. As a result of its acquisition, Wash Multifamily will be able to expand to Washington, Oregon, Idaho, Montana and Alaska. The company plans to establish branch offices in Seattle and Anchorage.

Ares Management Reports Rise in Net Income

Century City private equity firm Ares Management reported strong second-quarter growth in profits and managed assets on Wednesday.

Stocks Rise

The Dow Jones industrial average gained 91 points in Wednesday’s trading to close at 16,652. The S&P 500 gained 13 points to close at 1,947. The Nasdaq gained 45 points to close at 4,434. The LABJ Stock Index gained a point to close at 199.