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The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ Index rose less than 1 percent to close at 217, with gainers outpacing losers 80 to 72. Seven companies closed the week unchanged.
Packaged meat producer AdvancePierre Foods Inc. in Cincinnati, a portfolio company of downtown PE giant Oaktree Capital Management, announced Tuesday that it has agreed to acquire Landshire Inc. of Caseyville, Ill., a manufacturer of sandwich products. Terms of the deal were not disclosed.
The Dow Jones industrial average fell 141 points in Friday trading to close at 17,673. The S&P 500 fell 11 points to 2,052. The Nasdaq rose seven points to 4,758. The LABJ Stock Index fell one point to 217.
L.A. County’s unemployment rate fell to 7.9 percent in December, the first time it was below 8 percent since mid-2008, state figures released Friday show.
The Dow Jones industrial average rose 260 points in Thursday trading to close at 17,814. The S&P 500 rose 31 points to 2,063. The Nasdaq rose 83 points to 4,750. The LABJ Stock Index rose three points to 217.
City National Bank of Los Angeles has been acquired by Royal Bank of Canada for $5.4 billion, or $93.80 a share, in a cash-and-stock deal, the two firms announced Thursday.
The Dow Jones industrial average rose 39 points in Wednesday trading to close at 17,554. The S&P 500 rose 10 points to 2,032. The Nasdaq rose 13 points to 4,667. The LABJ Stock Index fell one point to 214.
Chinatown’s Cathay General Bancorp announced Wednesday that it has agreed to purchase fellow Chinese-American bank Asia Bancshares Inc. in Flushing, N.Y. for about $126 million in cash and stock.
The Dow Jones industrial average rose four points in Tuesday trading to close at 17,515. The S&P 500 rose three points to 2,023. The Nasdaq rose 20 points to 4,655. The LABJ Stock Index fell one point to 215.
This week: Breakaway Capital, Gores Group, Riordan Lewis & Haden and Corridor Capital.
The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index climbed 1 percent to close at 216, despite losers outpacing gainers 98 to 53. Nine companies closed the week unchanged.
The Dow Jones industrial average rose 191 points in Friday trading to close at 17,512. The S&P 500 rose 27 points to 2,019. The Nasdaq rose 64 points to 4,634. The LABJ Stock Index rose four points to 216.
The Federal Reserve of San Francisco named a new chairman and made three other appointments to the board of its Los Angeles Branch, including Panda Express co-founder Peggy Tsiang Cherng.
The Dow Jones industrial average fell 106 points in Thursday trading to close at 17,321. The S&P 500 fell 19 points to 1,993. The Nasdaq fell 69 points to 4,571. The LABJ Stock index fell two points to 212.
Plaza Bank in Irvine announced Wednesday that it had reached an agreement to acquire El Segundo lender Bank of Manhattan, marking the L.A. area’s first bank merger announced this year.