Los Angeles Business Journal

LA FINANCE

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

PE Roundup: Private Equity Deals Announced This Week

El Segundo firm Century Park Capital Partners announced Tuesday that it has acquired Better Life Technology, a Lenexa, Kan., manufacturer of specialized vinyl flooring products. Terms of the deal were not disclosed.

Stocks Rise; Mannkind Climbs, Nova Lifestyle Sinks

The Dow Jones industrial average rose 70 points in Thursday trading to close at 18,120. The S&P 500 rose 17 points to 2,124. The Nasdaq rose 64 points to 5,163. The LABJ Stock Index rose two points to 241.

Stocks Fall; Research Solutions Rises, Ducommun Sinks

The Dow Jones industrial average fell three points in Wednesday trading to close at 18,050. The S&P 500 fell two points to 2,107. The Nasdaq fell six points to 5,099. The LABJ Stock Index rose less than one point to 239.

Stocks Rise; Simulations Plus Soars, General Finance Tumbles

The Dow Jones industrial average rose 76 points in Tuesday trading to close at 18,054. The S&P 500 rose nine points to 2,109. The Nasdaq rose 33 points to 5,105. The LABJ Stock Index rose one point to 238.

Milkens Sell U.S. Education Business

This story has been updated from a previous version. L.A. billionaires Michael and Lowell Milken have struck a deal to sell their early-childhood education business, Knowledge Universe Education, to Swiss private equity firm Partners Group.

Stocks Rise; General Finance Climbs, BreitBurn Sinks

The Dow Jones industrial average rose 217 points in Monday trading to close at 17,978. The S&P 500 rose 23 points to 2,100. The Nasdaq rose 74 points to 5,072. The LABJ Stock Index rose two points to 237.

PE Roundup: Private Equity Deals Announced This Week

Brentwood firm Corbel Structured Equity Partners announced Wednesday that it has invested in Culver City nail products company Cosmetic Design Group alongside Newport Beach firm Five Crowns Capital. Irvine’s Opus Bank provided financing for the deal. Terms were not disclosed.

TrueCar, Nova Lifestyle Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies rose slightly for the week. The weighted LABJ Stock Index ticked up 1 percent to 234, with an equal number of losers and gainers: 74. Seven companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 212 points in Friday trading to close at 17,760. The S&P 500 rose 25 points to 2,077. The Nasdaq rose 75 points to 4,998. The LABJ Stock Index rose two points to 234.

Stocks Rise; RadNet Soars, TrueCar Brakes

The Dow Jones industrial average rose 33 points in Thursday trading to close at 17,549. The S&P 500 rose five points to 2,051. The Nasdaq rose 13 points to 4,922. The LABJ Stock Index was flat at 232.

Stocks Fall; Landmark Rebounds, InterGroup Tumbles

The Dow Jones industrial average fell 261 points in Wednesday trading to close at 17,515. The trading day for NYSE-listed stocks was shortened by a technical issue that shut down trading for more than three hours. The S&P 500 fell 35 points to 2,047. The Nasdaq fell 88 points to 4,910. The LABJ Stock Index fell three points to 232.

Stocks Rise; Guidance Software Gains, Jakks Pacific Slides

The Dow Jones industrial average rose 93 points in Tuesday trading to close at 17,777. The S&P 500 rose 13 points to 2,081. The Nasdaq rose six points to 4,997. The LABJ Stock Index rose two points to 236.

Stocks Fall; InterGroup Soars, Health Net Loses

The Dow Jones industrial average fell 47 points in Monday trading to close at 17,684. The S&P 500 fell eight points to 2,069. The Nasdaq fell 17 points to 4,992. The LABJ Stock Index rose one point to 234.

AeroVironment Investor Wants Board Election Change

A private equity investor in AeroVironment Inc. is seeking a change in how the company company’s board is elected.

Health Net, Kite Pharma Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies fell slightly for the week. The weighted LABJ index fell less than 1 percent to close at 233, with losers outpacing gainers 103 to 47. Nine companies closed the week unchanged.