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

The Dow Jones industrial average rose 69 points in Friday trading to close at 17,477. The S&P 500 rose eight points to 2,092. The Nasdaq rose 15 points to 5,048. The LABJ Stock Index was flat at 236.

PE Roundup: Private Equity Deals Announced This Week

West L.A.’s Leonard Green & Partners and TPG Capital of Forth Worth, Texas, will take a majority stake in Ellucian Co. of Fairfax, Va., a maker of software used by colleges and universities.

Stocks Mixed; NetSol Soars, Kite Pharma Sinks

The Dow Jones industrial average rose six points in Thursday trading to close at 17,408. The S&P 500 fell three points to 2,083. The Nasdaq fell 11 points to 5,034. The LABJ Stock Index was flat at 236.

Stocks Mixed; Ceres Doubles Up, American Apparel Tanks

The Dow Jones industrial average was flat in Wednesday trading, closing at 17,403. The S&P 500 rose two points to 2,086. The Nasdaq rose eight points to 5,044. The LABJ Stock Index was flat at 236.

Earnings Rundown: Ares Earnings Miss Expectations, DTS Shares Fall on Lowered Guidance, Shares Fall

Century City private equity and debt giant Ares Management reported second-quarter economic net income of 32 cents a share, falling short of analyst predictions of 39 cents a share.

Stocks Fall; Puma Biotechnology is Up, Capricor Tanks

The Dow Jones industrial average fell 212 points in Tuesday trading to close at 17,403. The S&P 500 fell 20 points to 2,084. The Nasdaq fell 65 points to 5,037. The LABJ Stock Index fell three points to 237.

Stocks Rise; Radnet Soars, Capricor Sinks

The Dow Jones industrial average rose 242 points in Monday trading to close at 17,615. The S&P 500 rose 27 points to 2,104. The Nasdaq rose 58 points to 5,102. The LABJ Stock Index rose one point to 240.

IPC Healthcare, Stamps.com Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was down for the week. The weighted LABJ index fell three percent to close at 238, with losers outpacing gainers 91 to 62. Four companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 46 points in Friday trading to close at 17,373. The S&P 500 fell six points to 2,078. The Nasdaq fell 13 points to 5,044. The LABJ Stock Index rose two points to 238.

PE Roundup: Private Equity Deals Announced This Week

Westwood firm Shamrock Capital Advisors, which began as an investment adviser for the Disney family, announced Tuesday that it has acquired audiobook publisher Recorded Books in Prince Frederick, Md. Terms were not disclosed.

Stocks Fall; BreitBurn Rebounds, Cadiz Dries Up

The Dow Jones industrial average fell 121 points in Thursday trading to close at 17,420. The S&P 500 fell 16 points to 2,084. The Nasdaq fell 84 points to 5,056. The LABJ Stock Index fell four points to 237.

Stocks Mixed; Ixia Up, DreamWorks Sinks

The Dow Jones industrial average fell 10 points in Wednesday trading to close at 17,540. The S&P 500 rose seven points to 2,100. The Nasdaq rose 34 points to 5,140. The LABJ Stock Index fell five points to 241.

Stocks Fall; IPC Soars, VCA Sinks

The Dow Jones industrial average fell 48 points in Tuesday trading to close at 17,551. The S&P 500 fell five points to 2,093. The Nasdaq fell 10 points to 5,106. The LABJ Stock Index was flat at 246.

Stocks Fall; InterGroup Corp. Rises, BreitBurn Energy Partners Sinks

The Dow Jones industrial average fell 92 points in Monday trading to close at 17,598. The S&P 500 fell six points to 2,098. The Nasdaq fell 13 points to 5,115. The LABJ Stock Index was flat at 246.

CIT-OneWest Deal Closes

It’s finally a done deal: CIT Group Inc. in Livingston, N.J. announced Monday it has completed its acquisition of Pasadena’s OneWest Bank for about $3.4 billion in cash and stock.