Los Angeles Business Journal

LA FINANCE

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

Stocks Mixed

The Dow Jones industrial average fell six points in Tuesday trading to close at 16,315. The S&P 500 rose three points to 1,878. The Nasdaq rose 14 points to 4,227. The LABJ Stock Index was flat at 193.

Stocks Fall

The Dow Jones industrial average fell 223 points in Monday trading to close at 16,321. The S&P 500 fell 31 points to 1,875. The Nasdaq fell 63 points to 4,214. The LABJ Stock Index fell three points to 193.

Aura Systems, Trio Tech Among Week’s Big Movers

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

Gores Group Sells Car Fabrics Maker to Clearlake Capital

Beverly Hills private equity firm Gores Group announced Thursday that it sold Sage Automotive Interiors to Clearlake Capital Group, a private equity firm in Santa Monica. Terms were not disclosed.

Stocks Fall

The Dow Jones industrial average fell 335 points in Thursday trading to close 16,660. The S&P 500 fell 41 points to 1,928. The Nasdaq fell 90 points to 4,378. The LABJ Stock Index fell four points to 197.

Stocks Rise

The Dow Jones industrial average rose 275 points in Wednesday trading to close 16,994. The S&P 500 rose 34 points to 1,969. The Nasdaq rose 83 points to 4,469. The LABJ Stock Index rose three points to 201.

Community Group to Oppose CIT-OneWest Deal

The California Reinvestment Coalition, an organization that advocates for banks to do more for low-income communities, will oppose the planned purchase of Pasadena’s OneWest Bank by Livingston, N.J., finance firm CIT Group Inc.

Stocks Fall

The Dow Jones industrial average fell 273 points in Tuesday trading to close 16,719. The S&P 500 fell 30 points to 1,935. The Nasdaq fell 70 points to 4,385. The LABJ Stock Index fell three points to 198.

Oaktree Taps First Chief Executive

Jay Wintrob will take over as chief executive of downtown Los Angeles investment management firm Oaktree Capital Group next month, the firm announced Monday.

Stocks Fall

The Dow Jones industrial average fell 18 points in Monday trading to close at 16,992. The S&P 500 fell three points to 1,965. The Nasdaq fell 21 points to 4,455. The LABJ Stock Index fell one point to 200.

Kite Pharma, RealD Among Week’s Big Movers

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

Stocks Up

The Dow Jones industrial average rose 209 points in Friday trading to 17,009. The S&P 500 rose 22 points to 1,968. The Nasdaq rose 45 points to 4,476. The LABJ stock index rose three points to 201.

Stocks Mixed

The Dow Jones industrial average fell four points in Thursday trading to 16,801. The S&P 500 was flat at 1,946. The Nasdaq rose eight points to 4,430. The LABJ stock index was flat at 199.

Stocks Fall

The Dow Jones industrial average fell 238 points in Wednesday trading to 16,805. The S&P 500 fell 26 points to 1,946. The Nasdaq fell 71 points to 4,422. The LABJ stock index fell two points to 199.

L.A. Economy Lags, Shows Spotty Growth

The economic recovery in Los Angeles has been uneven and lags behind the rest of the state and nation, according to a report to be released this morning by Beacon Economics and the Los Angeles Area Chamber of Commerce.