Pasadena-based Green Dot Corporation was this week’s biggest mover. The issuer of prepaid MasterCard and Visa cards gained 13.13 percent to end at $44.88. Los Angeles-based Kite Pharma Inc. was also among this week’s biggest movers. The clinical-stage biopharmaceutical company rose 6.63 percent to end at $120.04.Valencia-based Wesco Aircraft Holdings Inc. was this week’s biggest loser, dropping 27.75 percent to end at $7.55.
PHILANTHROPY: No. 1 spot in Los Angeles County remains with Wells Fargo.
Corporate donations in Los Angeles County slid last year among the top 25 firms.
CBRE Group Inc. has acquired Toronto investment management firm Caledon Capital Management Inc. for an undisclosed sum, the companies said on Wednesday.
El Segundo-based Internet mailing and shipping company Stamps.com was this week’s biggest mover, gaining 41.87 percent to end at $211.25. Boingo Wireless was also among this week’s biggest movers. The Los Angeles-based Wi-Fi company rose 29.71 percent to end at $19.21. Enterprise software company BlackLine Inc. was this week’s biggest loser, dropping 22.17 percent to end at $30.43.
San Diego Private Bank has opened a branch in Beverly Hills, its fifth.
INVESTMENT: Billionaire aims to transform L.A.
Billionaire Nicolas Berggruen has put his money on L.A. as the center of his nonprofit efforts.
Pasadena-based Guidance Software’s digital forensics drew offer from OpenText.
Waterloo, Ontario-based OpenText, a content management system developer, is set to acquire forensic security firm Guidance Software Inc. of Pasadena for $240 million in cash.
National residential real estate brokerage Douglas Elliman announced Tuesday it was in the process of acquiring Beverly Hills-based Teles Properties.
The L.A. metro area’s median base pay grew 0.5 percent in a one-year period through July 17 to $59,064, below the national average of 1.2 percent, according to a report from jobs website Glassdoor released Tuesday.
Pasadena-based Arrowhead Pharmaceuticals Inc. was this week’s biggest mover, gaining 18.54 percent to end at $1.79. Adhesive manufacturing company Flamemaster was also among this week’s biggest movers. The Los Angeles-based specialty chemical manufacturer rose 11.11 percent to end at $11. El Segundo-based direct marketing company PCM Inc. was this week’s biggest loser, dropping 31.10 percent to end at $13.12.
Fraser Ross expands filing against former Kitson CEO, accusing company’s lenders.
The saga over the unraveling of L.A. retailer Kitson continued this month with an amended complaint filed in Los Angeles Superior Court targeting the company’s lenders.
Downtown’s RBB Bancorp joined the ranks of public companies Wednesday with an $86 million initial public offering on the Nasdaq.
Platinum Equity deployed more of its $6.5 billion flagship Fund Monday, announcing an agreement to purchase United Site Services for an undisclosed sum.
Beverly Hills-based biotechnology company Capricor Therapeutics was this week’s biggest mover, gaining 92.65 percent to end at $1.31. Social Reality Inc. was also among this week’s biggest movers. The Los Angeles-based internet advertising company rose 19.17 percent to end at $1.43. Santa Monica-based automotive pricing and information website True Car Inc. was this week’s biggest loser, dropping 7.42 percent to end at $19.96.
L.A. County’s unemployment rate remained unchanged in June from May’s record low 4.4 percent as a seasonal drop in education payrolls offset modest hiring in other sectors.