Los Angeles Business Journal

LA FINANCE

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

Cards Swipe Market From Big Stars

FINANCE: Card.com bases debit business around lesser brand names. Card.com’s debit cards sporting lesser brands are flat-out beating rival offerings tied to bigger names.

September 1, 2014 midnight   $$ Share

Bank of America Appeals Countrywide Verdict

Bank of America Corp. has asked for a federal judge to overturn a jury verdict that found it liable for thousands of bad mortgages sold by its Countrywide unit, leading to a $1.3 billion judgment.

Biosolar Inc., Trio Tech Among Week’s Biggest Movers

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

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

The Dow Jones industrial average rose 19 points in Friday’s trading to 17, 098 The S&P 500 rose 7 points to 2,003. The Nasdaq rose 23 points to 4,580. The LABJ Stock Index was flat at 207.

Poll: If you were to get a pre-paid debit card, which would you rather have on it?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition.

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

The Dow Jones industrial average fell 42 points in Thursday’s trading to 17,080. The S&P 500 fell three points to 1,997. The Nasdaq fell 12 points to 4,558. The LABJ Stock Index was flat at 207.

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

The Dow Jones industrial average rose 15 points in Wednesday’s trading to 17, 122. The S&P 500 was flat at 2, 000. The Nasdaq fell one point to 4,570. The LABJ Stock Index rose one point to 207.

Brentwood Associates Acquires Marshall Retail Group

Brentwood Associates, a Los Angeles private equity firm, said Tuesday it had acquired Marshall Retail Group, a Las Vegas owner and operator of stores in casinos and airports.

Stocks Rise

The Dow Jones industrial average rose 30 points in Tuesday’s trading to 17, 107. The S&P 500 rose 2 points to 2, 000. The Nasdaq rose 13 points to 4,571. The LABJ Stock Index rose one point to 206.

Stocks Rise

The Dow Jones industrial average rose 76 points in Monday’s trading to 17, 077. The S&P 500 rose 10 points to 1,998. The Nasdaq rose 19 points to 4,557. The LABJ Stock Index rose one point to 205.

IPC Acquires Two Doctors Groups

IPC The Hospitalist Co. Inc. announced on Friday that it has acquired two doctors groups in Florida.

Mandalay Digital, International Rectifier Among Week’s Biggest Movers

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

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

The Dow Jones industrial average fell 38 points in Friday’s trading to 17, 001. The S&P 500 fell 4 points to 1,988. The Nasdaq rose 6 points to 4,539. The LABJ Stock Index was flat at 204.

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.