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 Fall; On Assignment Soars, MannKind Tanks

The Dow Jones industrial average fell 24 points in Thursday trading to close at 17,756. The S&P 500 fell 1 point to 2,089. The Nasdaq fell 21 points to 5,074. The LABJ Stock Index fell 1 point to 239.

Vance Street Capital Sells Secure Technology

West L.A. private equity firm Vance Street Capital announced Wednesday it has agreed to sell Santa Ana’s Secure Technology Co. to Benchmark Electronics Inc. for approximately $230 million in cash.

Stocks Rise

The Dow Jones industrial average rose 198 points in Wednesday trading to close at 17,780. The S&P 500 rose 24 points to 2,090. The Nasdaq rose 66 points to 5,096. The LABJ Stock Index rose 2 points to 240.

Stocks Fall

The Dow Jones industrial average fell 42 points in Tuesday trading to close at 17,581. The S&P 500 fell five points to 2,066. The Nasdaq fell five points to 5,030. The LABJ Stock Index rose one point to 238.

Stocks Mixed

The Dow Jones industrial average fell 24 points in Monday trading to close at 17,623. The S&P 500 fell four points to 2,071. The Nasdaq rose three points to 5,035. The LABJ Stock Index rose one point to 237.

MannKind, BBCN Bancorp Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 2 percent to close at 236, with gainers outpacing losers 85 to 64. Seven companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 158 points in Friday trading to close at 17,647. The S&P 500 rose 23 points to 2,075. The Nasdaq rose 112 points to 5,032. The LABJ Stock Index rose one point to 236.

Stocks Rise

The Dow Jones industrial average rose 321 points in Thursday trading to close at 17,489. The S&P 500 rose 34 points to 2,053. The Nasdaq rose 80 points to 4,920. The LABJ Stock Index rose four points to 236.

Stocks Fall; U.S. Auto Parts Network Rises, Arrowhead Research Sinks

The Dow Jones industrial average fell 49 points in Wednesday trading to close at 17,169. The S&P 500 fell 12 points to 2,019. The Nasdaq fell 41 points to 4,840. The LABJ Stock Index fell one point to 232.

Former Broker Sentenced for Fraud

A former securities broker at a defunct Sherman Oaks investment firm was sentenced to prison Tuesday for wire fraud associated with a real estate investment scam that cost victims about $4 million, the Justice Department announced.

Stocks Fall; Point.360 Soars, Ritter Pharmaceuticals Tanks

The Dow Jones industrial average fell 13 points in Tuesday trading to close at 17,217. The S&P 500 fell three points to 2,031. The Nasdaq fell 25 points to 4,881. The LABJ Stock Index fell one point to 232.

Stocks Up; Cadiz Is Up, U.S. Auto Parts Falls

The Dow Jones industrial average rose 15 points in Monday trading to close at 17,231. The S&P 500 rose one point to 2,034. The Nasdaq rose 19 points to 4,905. The LABJ Stock Index rose two points to 233.

PE Roundup: Private Equity Deals Announced This Week

Century City’s Breakaway Capital announced last Friday that it provided an $8.4 million senior secured credit facility to and made an equity investment in Lake Success, N.Y., urgent care clinic operator PM Pediatrics Management Group.

Second Sight Medical Products, Entravision Communications Among Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ Stock Index rose 2 percent to close at 231, with gainers slightly outpacing losers 75 to 74. Seven companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 74 points in Friday trading to close at 17,216. The S&P 500 rose nine points to 2,033. The Nasdaq rose 17 points to 4,887. The LABJ Stock Index rose one point to 231.