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 are Down

The Dow Jones industrial fell 98 points in Tuesday trading to close at 17,014. The S&P 500 fell 13 points to close at 1,988. The Nasdaq fell 40 points to close at 4,552. The LABJ Stock Index fell two points to close at 205.

L.A. Employers Hiring Plans to Slow in Fourth Quarter

L.A. employers plan to slow their pace of hiring during the fourth quarter, according to a survey released Tuesday from Manpower Inc.

TrueCar Inc., UTi Worldwide Inc. Among Week’s Biggest Movers

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

Stocks Rise

The Dow Jones industrial rose 68 points in Friday trading to close at 17,137. The S&P 500 rose 10 points to close at 2,008. The Nasdaq rose 21 points to close at 4,583. The LABJ Stock Index rose one point to close at 208.

Stocks Down

The Dow Jones industrial fell nine points in Wednesday trading to close at 17,070. The S&P 500 fell three points to close at 1,998. The Nasdaq fell 10 points to close at 4,562. The LABJ Stock Index fell one point to close at 207.

Federal Court Certifies Class Action Against Allstate

A three-judge panel of the Ninth Circuit Court of Appeals on Wednesday ruled that a class action lawsuit involving 800 Allstate Insurance Co. employees in California may move forward.

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

The Dow Jones industrial average rose 11 points in Wednesday trading to close at 17, 078. The S&P 500 fell two points to close at 2,001. The Nasdaq fell 26 points to close at 4,573. The LABJ Stock Index was flat at 207.

Hanmi Financial Corp. Acquires United Central Bank

Koreantown bank holding company Hanmi Financial Corp. completed its acquisition of United Central Bank of Garland, Texas, over the weekend in a deal that gives Hanmi a presence in Illinois, Texas and Virginia.

Motorcar Parts of America Completes Public Offering

Motorcar Parts of America Inc. announced Tuesday it had raised about $67 million with the completion of a secondary public offering of 2.8 million shares of common stock.

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

The Dow Jones industrial average fell 31 points in Tuesday’s trading to close at 17,067. The S&P 500 fell one point to close at 2,002. The Nasdaq rose 18 points to close at 4,598. The LABJ Stock Index was flat at 207.

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.