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Acquisition Fuels Up Gas Station Operator United

RETAIL: SoCal mainstay expands into new territory, triples service station count.Acquisition pumps up reach of gas station operator United Oil.

By Covey Son June 15, 2015 midnight   $$ Share

BreitBurn Energy Partners, TrueCar Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly after a volatile week. The weighted LABJ index was up 1 percent to close at 224, with gainers outpacing losers 79 to 75. Four companies closed the week unchanged.

Markets Mixed

The Dow Jones industrial average fell 12 points in Friday trading to close at 16,643. The S&P 500 rose one point to 1,989. The Nasdaq rose 16 points to 4,828. The LABJ Stock Index rose one point to 224.

PE Roundup: Private Equity Deals Announced This Week

Beverly Hills firm Levine Leichtman Capital Partners announced Monday that it has completed the acquisition of short line railroad firm Regional Rail in Kennett Square, Pa., alongside the company’s management. Terms were not disclosed.

Stocks Rise; TrueCar Climbs, Ritter Pharmaceuticals Sinks

The Dow Jones industrial average rose 369 points in Thursday trading to close at 16,655, it’s second day of big gains following a week of declines. The S&P 500 rose 47 points to 1,988. The Nasdaq rose 115 points to 4,813. The LABJ Stock Index rose five points to 223.

Stocks Rebound; Demand Media Climbs, NantKwest Sinks

The Dow Jones industrial surged 619 points in Wednesday trading to close at 16,286, erasing much of the previous two days’ losses. The S&P 500 rose 73 points to 1,941. The Nasdaq rose 191 points to 4,698. The LABJ Stock Index rose eight points to 218.

Stocks Fall; Ceres Soars, Point.360 Tanks

The Dow Jones industrial average fell 205 points in Tuesday trading to close at 15,666, the fourth consecutive trading day the blue chips have fallen by 200 points or more. The S&P 500 fell 26 points to 1,868. The Nasdaq fell 20 points to 4,506. The LABJ Stock Index fell two points to 211.

Stocks Tumble; 89 Percent of Local Stocks Fall

The Dow Jones industrial average fell 588 points in Monday trading to close at 15,871, its lowest close since February 2014. The S&P 500 fell 78 points to close at 1,893. The Nasdaq fell 180 points to close at 4,526. The LABJ Stock Index fell 10 points to close at 207. Of the 158 stocks on the LABJ Stock Index, 140 lost value Monday, while just 10 companies saw shares rise. Eight stocks were unchanged on the day.

MRV Communications, Point.360 Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week as both the Dow Jones Industrial Average and the S&P 500 posted their biggest percentage one-day drops since November 2011.

Stocks Fall

The Dow Jones industrial average fell 531 points in Friday trading to close at 16,460. The S&P 500 fell 65 points to 1,971. The Nasdaq fell 171 points to 4,706. The LABJ Stock Index fell five points to 222.

PE Roundup: Private Equity Deals Announced This Week

Westwood firm Shamrock Capital Advisors, which began as an investment adviser for the Disney family, announced Wednesday that one of its portfolio companies, New York fantasy sports portal FanDuel, acquired New York sports analytics company NumberFire. Terms were not disclosed.

Stocks Fall; B. Riley Rises, Rentech Slumps

The Dow Jones industrial average fell 358 points in Thursday trading to close at 16,991, the first time it’s closed below 17,000 since October. The S&P 500 fell 44 points to 2,036. The Nasdaq fell 142 points to 4,878. The LABJ Stock Index fell eight points to 227.

Stocks Fall; NantKwest Climbs, Ceres Continues Slide

The Dow Jones industrial average fell 163 points in Wednesday trading to close at 17,349. The S&P 500 fell 17 points to 2,080. The Nasdaq fell 40 points to 5,019. The LABJ Stock Index fell one point to 235.

Stocks Fall; MRV Communications Rises, Nova Lifestyle Tanks

The Dow Jones industrial average fell 34 points in Tuesday trading to close at 17,511. The S&P 500 fell six points to 2,097. The Nasdaq fell 32 points to 5,059. The LABJ Stock Index fell three points to 236.

Stocks Rise; Ritter Pharmaceuticals Climbs, Marathon Sinks

The Dow Jones industrial average rose 68 points in Monday trading to close at 17,545. The S&P 500 rose 11 points to 2,102. The Nasdaq rose 43 points to 5,092. The LABJ Stock Index rose three points to 239.

American Apparel, Soon-Shiong’s NantKwest Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week. The weighted LABJ index fell one percent to close at 236, with gainers outpacing losers 85 to 64. Eight companies closed the week unchanged.