Los Angeles Business Journal

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

Will Holiday Season Bring Deal for Mall Operator?

Real Estate: Recent stock moves by Macerich spur talk of acquisition.Real Estate: Macerich’s stock deals may mean the mall operator is preparing for a sale – of itself.

By Matt Pressberg November 24, 2014 midnight   $$ Share

Stocks Rise

The Dow Jones industrial average rose 13 points in Wednesday trading to close at 17,828. The S&P 500 rose six points to 2,073. The Nasdaq rose 29 points to 4,787. The LABJ Stock Index rose one point to 217.

Markets Mixed

The Dow Jones industrial average fell three points in Tuesday trading to close at 17,815. The S&P 500 fell two points to 2,067. The Nasdaq rose three points to 4,758. The LABJ Stock Index was flat at 216.

Stocks Rise

The Dow Jones industrial average rose eight points in Monday trading to close at 17,818. The S&P 500 rose six points to 2,069. The Nasdaq rose 42 points to 4,755. The LABJ Stock Index rose two points to 215.

Macerich, Kite Pharma Among Week’s Big Gainers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose almost 1 percent to close at 214. Losers just outpaced gainers 80 to 74. Six companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 91 points in Friday trading to close at 17,810. The S&P rose 11 points to 2,064. The Nasdaq rose 11 points to 4,713. The LABJ Stock Index was flat at 214.

L.A. Unemployment Rate Holds Steady Despite Jump in Employer Payrolls

L.A.’s unemployment rate held steady last month at 8 percent, even as local employers added 35,000 jobs to their payrolls, mostly in education, according to state figures released Friday.

Stocks Rise

The Dow Jones industrial average rose 33 points in Thursday trading to close at 17,719. The S&P 500 rose four points to 2,053. The Nasdaq rose 26 points to 4,702. The LABJ Stock Index was flat at 213.

Stocks Fall

The Dow Jones industrial average fell two points in Wednesday trading to close at 17,686. The S&P 500 fell three points to 2,049. The Nasdaq fell 27 points to 4,676. The LABJ Stock Index was flat at 213.

East West Bank Opens Shenzhen Branch

Pasadena’s East West Bank became the first Los Angeles bank with a branch in the Chinese city of Shenzhen, as it opened its newest storefront in the coastal boomtown on Tuesday during a ceremony attended by Los Angeles Mayor Eric Garcetti.

Stocks Rise

The Dow Jones industrial average rose 40 points in Tuesday trading to close at 17,688. The S&P 500 rose 10 points to 2,052. The Nasdaq rose 31 points to 4,702. The LABJ Stock Index rose one point to 213.

Stocks Mixed

The Dow Jones industrial average rose 13 points in Monday trading to close at 17,648. The S&P 500 rose two points to 2,041. The Nasdaq fell 18 points to 4,671. The LABJ Stock Index was flat at 212.

PCM, Demand Media Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell for the week. The weighted LABJ index fell less than 1 percent to close at 212, with losers outpaced gainers 81 to 71. Seven companies closed the week unchanged.

Markets Mixed

The Dow Jones industrial average fell 18 points in Friday trading to close at 17,635. The S&P 500 was flat at 2,040. The Nasdaq rose eight points to 4,689. The LABJ Stock Index fell one point to 212.

Stocks Mixed

The Dow Jones industrial average fell three points in Wednesday trading to close at 17,612. The S&P 500 fell one point to 2,038. The Nasdaq rose 15 points to 4,675. The LABJ Stock Index was flat at 213.

Tease photo

Baby Products Firm Leases, Expands Downtown

Premium infant products company Ergo Baby Inc. will move its downtown L.A. headquarters early next year, though only baby steps away.