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 Rise; Qualstar Climbs, Broadway Slips

The Dow Jones industrial average rose 104 points in Monday trading to close at 18,120. The S&P 500 rose 13 points to 2,123. The Nasdaq rose 37 points to 5,154. The LABJ Stock Index rose one point to 236.

Kythera, Cadiz Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index climbed 2 percent to close at 235, with gainers outpacing losers 94 to 59. Five companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 102 points in Friday trading to close at 18,014. The S&P 500 fell 11 points to 2,110. The Nasdaq fell 16 points to 5,117. The LABJ Stock Index fell one point to 235.

PE Roundup: Private Equity Deals Announced This Week

Century City firm Ares Management announced Wednesday that its subsidiary, Ares EIF Management, along with Genesis Power in Needham, Mass., have sold the soon-to-be-built Keys Energy Center in Maryland to PSEG Power in Newark, N.J.

County Unemployment Holds Steady Amid Modest Job Gains

L.A. County’s unemployment rate was unchanged in May at 7.6 percent amid modest job gains that left the county just short of its all-time payroll jobs peak, state figures released Friday show.

Stocks Rise; TrueCar Leads, Lion Lags

The Dow Jones industrial average rose 180 points in Thursday trading to close at 18,116. The S&P 500 rose 21 points to 2,121. The Nasdaq rose 68 points to 5,133. The LABJ Stock Index rose four points to 236.

Stocks Rise; Kythera Soars, Lion Loses

The Dow Jones industrial average rose 31 points in Wednesday trading to close at 17,936. The S&P 500 rose four points to 2,100. The Nasdaq rose nine points to 5,065. The LABJ Stock Index was flat at 232.

Stocks Rise; Electro Rent Surges, B. Riley Slumps

The Dow Jones industrial average rose 113 points in Friday trading to close at 17,904. The S&P 500 rose 12 points to 2,096. The Nasdaq rose 26 points to 5,056. The LABJ Stock Index rose one point to 232.

Stocks Fall; Kythera Jumps, Ixia Tumbles

The Dow Jones industrial average fell 108 points in Monday trading to close at 17,791. The S&P 500 fell 10 points to 2,084. The Nasdaq fell 21 points to 5,030. The LABJ Stock Index was flat at 231.

PE Roundup: Private Equity Deals Announced This Week

Westwood’s St. Cloud Capital announced Wednesday that it has made an investment in Santa Fe Springs sporting goods company Bravo Sports. The investment will support the merger of Bravo and One Industries, a San Diego biking and motorcycle sports firm majority owned by Transom Capital Group in Brentwood. Terms were not disclosed.

Cherokee, Rubicon Project 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 ticked down less than 1 percent to close at 231, with gainers outpacing losers 87 to 66. Five companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 141 points in Friday trading to close at 17,899. The S&P 500 fell 15 points to 2,094. The Nasdaq fell 31 points to 5,051. The LABJ Stock Index fell one point to 231.

Stocks Rise; Smart & Final Soars, Broadway Financial Falls

The Dow Jones industrial average rose 39 points in Thursday trading to close at 18,039. The S&P 500 rose four points to 2,109. The Nasdaq rose six points to 5,083. The LABJ Stock Index rose one point to 232.

Report: Ares in Talks to Buy Kayne Anderson

Private equity and debt giant Ares Management is close to acquiring fellow Century City money shop Kayne Anderson Capital Advisors, according to a report from Bloomberg.

Stocks Rise; Staar Surgical Looking Up, MannKind Down

The Dow Jones industrial average rose 236 points in Wednesday trading to close at 18,000. The S&P 500 rose 25 points to 2,105. The Nasdaq rose 63 points to 5,077. The LABJ Stock Index rose two points to 231.