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Oaktree Capital on Wednesday priced a public offering of 5 million Class A units at an estimated $60 each, for expected gross proceeds of about $300 million.
The Los Angeles Business Journal’s index of largest local public companies rose for the week.
Platinum Equity on Thursday said it completed the sale of fleet equipment rental company Nesco to an affiliate of Energy Capital Partners.
L.A. County can expect to add more than 150,000 jobs over the next two years, according to an upbeat local forecast released today.
INTERNET: ExpressCoin sees real returns from virtual currency.
Brokerage ExpressCoin seeks to make real money by handling digital trades for bitcoins.
Quick rundown on the controversial cryptocurrency.
Metals: Dealers see rise in silver sales while once-high-flying gold brought low by stock market’s recovery.
Dealers have taken a shine to silver as gold’s investment luster has waned.
The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week.
Three San Fernando Valley residents were indicted Thursday on charges related to running fraudulent telemarketing schemes that the U.S. Attorney’s Office in Los Angeles.said solicited investments in movies with false promises of high returns and little risk.
L.A. County will continue to add jobs, but at a frustratingly slow pace, according to a forecast the Los Angeles County Economic Development Corp. released today.
Leaders from L.A.’s tech, venture capital and entrepreneur communities and the Los Angeles County Economic Development Corp. on Tuesday announced they will join forces to promote the region as an innovation center and spur job creation.
ACQUISITION: De La Rosa sees pickup by Stifel boosting its public bond business.
The partners at Century City investment bank and bond underwriter De La Rosa & Co. had wanted to sell to a bigger firm for a few years, and they’d had offers.
Investor moves crowdfunding model into real estate
It may have seemed unremarkable when Beverly Hills real estate company Realty Mogul Co. invested in five Baldwin Hills apartment buildings last month in deals that totaled $15 million. But it was remarkable because of this: They were financed through crowdfunding.
Shares of West Hollywood marijuana services provider Medbox Inc., jumped 27 percent on Friday after U.S. officials took steps that could lead to banks being able serve marijuana-selling businesses.