Los Angeles Business Journal

LA FINANCE

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

ImmunoCellular Therapeutics, UTi Worldwide Among Week's Big Gainers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index climbed 1 percent to close at 219. Losers just outpaced gainers 82 to 72. Six companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 59 points in Friday trading to close at 17,959. The S&P rose 3 points to 2,075. The Nasdaq rose 11 points to 4,781. The LABJ Stock Index rose one point to 219.

Chicago Lender Monroe Drops Suit Against L.A. Exec

Chicago lender Monroe Capital has dropped a lawsuit it filed this summer against Los Angeles dealmaker Warren Woo and his new investment firm, Breakaway Capital.

Stocks Fall

The Dow Jones industrial average fell 13 points in Thursday trading to close at 17,900. The S&P 500 fell two points to 2,072. The Nasdaq fell five points to 4,769. The LABJ Stock Index fell one point to 218.

Stocks Rise

The Dow Jones industrial average rose 33 points in Wednesday trading to close at 17,913. The S&P 500 rose eight points to 2,074. The Nasdaq rose 19 points to 4,774. The LABJ Stock Index was flat at 218.

Stocks Rise

The Dow Jones industrial average rose 103 points in Tuesday trading to close at 17,880. The S&P 500 rose 13 points to 2,067. The Nasdaq rose 28 points to 4,756. The LABJ Stock Index rose two points to 219.

CU Bancorp Acquires 1st Enterprise Bank

The parent of California United Bank announced on Monday that it has acquired 1st Enterprise Bank in a deal valued at $112 million.

Stocks Fall

The Dow Jones industrial average fell 51 points in Monday trading to close at 17,777. The S&P 500 fell 14 points to 2,053. The Nasdaq fell 64 points to 4,727. The LABJ Stock Index fell one point to 217.

Stocks Rise

The Dow Jones industrial average rose 13 points in Wednesday trading to close at 17,828. The S&P 500 rose six points to 2,073. The Nasdaq rose 29 points to 4,787. The LABJ Stock Index rose one point to 217.

Markets Mixed

The Dow Jones industrial average fell three points in Tuesday trading to close at 17,815. The S&P 500 fell two points to 2,067. The Nasdaq rose three points to 4,758. The LABJ Stock Index was flat at 216.

Stocks Rise

The Dow Jones industrial average rose eight points in Monday trading to close at 17,818. The S&P 500 rose six points to 2,069. The Nasdaq rose 42 points to 4,755. The LABJ Stock Index rose two points to 215.

Macerich, Kite Pharma Among Week’s Big Gainers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose almost 1 percent to close at 214. Losers just outpaced gainers 80 to 74. Six companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 91 points in Friday trading to close at 17,810. The S&P rose 11 points to 2,064. The Nasdaq rose 11 points to 4,713. The LABJ Stock Index was flat at 214.

L.A. Unemployment Rate Holds Steady Despite Jump in Employer Payrolls

L.A.’s unemployment rate held steady last month at 8 percent, even as local employers added 35,000 jobs to their payrolls, mostly in education, according to state figures released Friday.

Stocks Rise

The Dow Jones industrial average rose 33 points in Thursday trading to close at 17,719. The S&P 500 rose four points to 2,053. The Nasdaq rose 26 points to 4,702. The LABJ Stock Index was flat at 213.