LA FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Molina Healthcare Inc. reported meager earnings after markets closed Wednesday, falling well short of Wall Street expectations on profits.
Dine Equity Inc., Stamps.com and TetraTech Inc. were among firms reporting earnings.
The Dow Jones industrial average fell 32 points in Wednesday’s trading to close at 16,880. The S&P 500 was flat at 1,970. The Nasdaq gained 20 points to close at 4,463. The LABJ Stock Index gained 2 points to close at 200.
Weak box office results for “How to Train Your Dragon 2” put a drag on DreamWorks Animation SKG Inc. second quarter earnings, which failed to match analysts’ expectations.
Los Angeles engineering and construction firm Aecom has purchased Hunt Construction Group for an undisclosed sum in a deal announced on Tuesday.
Local companies Big 5 Sporting Goods Corp., CBRE Group Inc. and Jacobs Engineering Group Inc. were among firms reporting earnings.
The Dow Jones industrial average lost 70 points in Tuesday trading to close at 16,912. The S&P 500 lost 9 points to close at 1,970. The Nasdaq lost 2 points to close at 4,443. The LABJ Stock Index lost a point to close at 199.
Shares of Herbalife fell in after-hours trading Monday after the Los Angeles company reported a decline in net income.
Public companies reporting quarterly earnings Monday included Alexandria Real Estate Equities Inc., Ducommun Inc. and Mercury General Corp.
The Dow Jones industrial average rose 22 points in Monday’s trading to close at 16,983. The S&P 500 rose half a point to close at 1,979. The Nasdaq fell 5 points to close at 4,445. The LABJ Stock Index edged up by nearly a point to 200.
The Dow Jones industrial average fell 123 points in Friday’s trading to close at 16,961. The S&P 500 fell 10 points to 1,978. The Nasdaq fell 23 points to 4,450. The LABJ Stock Index edged down a point to 199.
Los Angeles oil company Breitburn Energy Partners announced Thursday that it has agreed to buy QR Energy of Houston for nearly $2 billion in cash and stock.
City National Corp. reported strong second-quarter earnings after markets closed Thursday, posting net income of $66.7 million ($1.11 a share), up 12 percent over the same period a year ago.
L.A. animal health care company VCA Inc. reported earnings on Thursday that beat analysts’ expectations.
Shares of Westwood pharmaceuticals firm Puma Biotechnology Inc. increased by nearly 300 percent Wednesday after the firm reported a successful test of a drug being developed to treat breast cancer.