Los Angeles Business Journal

LA FINANCE

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

Firm Builds Tech Bridge Between Asia, Middle East

INVESTMENT: DPL taps South Korean money to back Israeli startups.

Trio gives birth to $50 million fund that will nurse Israeli life sciences startups with South Korean money.

LA Unemployment Rate Falls

L.A.’s jobs picture continued to brighten in February as employers added nearly 28,000 jobs to their payrolls and the jobless rate fell to 8.7 percent, according to state figures released Friday.

Research Solutions, Lions Gate Among Week’s Biggest Movers

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

Herbalife, Ryland Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell for the week. The weighted LABJ Stock Index dropped 2 percent to 190 for the trading week ended March 17. Decliners outpaced gainers 98 to 56, with six companies unchanged.

Stocks Drop

In Friday trading, the Dow Jones industrial average was down 43 points, or 0.3 percent, to 16,066. The Nasdaq fell 15 points, or 0.4 percent, to 4,245. The S&P 500 dropped 5 points, or 0.3 percent, to 1,841. The LABJ Stock Index was flat at 190.

L.A. Unemployment Rate Drops, More Jobs in County

L.A.’s jobless rate dipped below 9 percent in January for the first time in nearly six years, according to state figures released Friday.

RadNet, U.S. Auto Parts Among Week’s Biggest Movers

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

Oaktree Raises Money to Buy Back Ownership Interests

Oaktree Capital on Wednesday priced a public offering of 5 million Class A units at an estimated $60 each, for expected gross proceeds of about $300 million.

Tease photo

New Age

L.A.’s oldest investment firm decides time’s ripe to tap ‘young’ CEO.

Firm founded in 1922 looks to age gracefully with a “youth” hiring movement for CEO and advisers.

UTi, Jakks Among Week’s Biggest Movers

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

Platinum Equity Sells Portfolio Company

Platinum Equity on Thursday said it completed the sale of fleet equipment rental company Nesco to an affiliate of Energy Capital Partners.

Forecast: Growth to Gain Steam in L.A. County

L.A. County can expect to add more than 150,000 jobs over the next two years, according to an upbeat local forecast released today.

Tease photo

Bitcoin Broker Bets on Digital Change

INTERNET: ExpressCoin sees real returns from virtual currency.

Brokerage ExpressCoin seeks to make real money by handling digital trades for bitcoins.

Bitcoin at a Glance

Quick rundown on the controversial cryptocurrency.

Shine of Times

Metals: Dealers see rise in silver sales while once-high-flying gold brought low by stock market’s recovery.

Dealers have taken a shine to silver as gold’s investment luster has waned.