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

Deals & Dealmakers: Ad Tech Firm Nets $270 Million

Court Square financing gives System1 funds to add staff and develop products.Silicon Beach continues to be a hot spot for deals, with Venice ad tech firm System1 announcing last week the completion of a $270 million financing round led by New York-based Court Square Capital Partners.

Financial Partners Credit Union Acquires Star Harbor Federal Credit Union

Financial Partners Credit Union of Downey has acquired Star Harbor Federal Credit Union of Rancho Dominguez, the credit unions announced Monday.

Movers for Week Ending September 22, 2017

El Segundo-based technology manufacturer Aerojet Rocketdyne Holdings Inc. was this week’s biggest mover, gaining 19.63 percent to end at $33.89. Beverly Hills-based Live Nation Entertainment was also among this week’s biggest movers. The entertainment company gained 3.35 percent to end at $43.50. Venice-based technology and social media company Snap Inc. was this week’s biggest loser, dropping 10.16 percent to end at $13.70.

Movers for Week Ending September 15, 2017

Commerce-based furniture maker Nova Lifestyle Corp. was this week’s biggest mover, gaining 26.36 percent to end at $1.39. Cloud-based learning and talent management solutions provider Cornerstone OnDemand Inc. was also among the week’s biggest movers. The Santa Monica-based company rose 19.81 percent to end at $41.07. Los Angeles-based online special-interest personal site operator Spark Networks Inc. was this week’s biggest loser, dropping 22.73 percent to end at $1.02.

L.A. County Unemployment Rate Jumps to 4.8 Percent Amid Meager Job Gains

L.A. County’s unemployment rate rose to 4.8 percent in August from a historic low of 4.5 percent in July as more people hunted for work while the region’s job creation machine slowed.

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Farm Grows Big Giver

How money manager went from chicken manure to patron of arts

The charitable mind-set of TCW Group’s Marc Stern took root during his childhood on a New Jersey farm.

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County Looks to Lead on Amazon Headquarters Proposal

The Los Angeles Economic Development Corp. and L.A. County Board Chair Mark Ridley-Thomas want the county to spearhead regional efforts to attract Seattle-based Amazon Inc.’s second headquarters, according to a letter obtained Tuesday by the Business Journal.

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Report: Hiring of LinkedIn Members in L.A. Area Up 1.5 Percent In August

Hiring of LinkedIn members in the Los Angeles area rose 1.5 percent in August from July levels, in line with the national average, according to a monthly report released late Friday from the business networking website.

Movers for Week Ending September 8, 2017

Culver City-based health care solutions developer NantHealth was this week’s biggest mover, gaining 54.89 percent to end at $4.12. Cadiz Inc. was also among this week’s biggest movers. The Los Angeles water supply company rose 21.13 percent to end at $11.75. Malibu-based toy designer and licenser Jakks Pacific was this week’s biggest loser, dropping 13.04 to end at $3.00.

State Awards Nearly $1 Million to Pasadena Agency to Train Laid-Off Workers

The state Employment Development Department has awarded a $994,000 grant to the Pasadena Foothill Workforce Development Board to retrain 120 workers recently laid off in the region, the agency announced Thursday.

Deals & Dealmakers: Investor Folds in Mags

High Times owner Oreva Capital broadens stable with LGBTQ-focused Here.

There’s an upstart media mogul in Los Angeles.

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Oreva Capital Acquires Here Publishing Inc.

Santa Monica’s Oreva Capital Corp. has funded a management buyout of Here Publishing Inc., owner of media brands catering to the LGBT community, including The Advocate and Out publications.

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Fatburger Franchisor Fat Brands Inc. Plans Public Offering; Agrees to Acquire Homestyle Dining

Fatburger is getting a friend. The burger chain’s Beverly Hills-based parent company Fat Brands Inc. has agreed to acquire Plano, Texas-based restaurant franchisor Homestyle Dining for $10.6 million, the company announced on Wednesday.

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Movers for Week Ending September 1, 2017

Los Angeles-based brewed soda manufacturer Reed’s was this week’s biggest mover, gaining 31.43 percent to end at $2.30. Kite Pharma was also among this week’s biggest movers. The publically held clinical stage biopharmaceutical company gained 28 percent to end at $178.05. Water supply company Cadiz Inc. was this week’s biggest loser, dropping 13.78 percent to end at $9.70.

More Litigation to Come After Beachbody Credit Card Renewal Settlement?

The settlement reached between the city of Santa Monica and Beachbody over the alleged practice of automatic credit card renewals may not be the last word in the dispute.

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