Los Angeles Business Journal

LA FINANCE

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

AeroVironment Investor Wants Board Election Change

A private equity investor in AeroVironment Inc. is seeking a change in how the company company’s board is elected.

Health Net, Kite Pharma Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies fell slightly for the week. The weighted LABJ index fell less than 1 percent to close at 233, with losers outpacing gainers 103 to 47. Nine companies closed the week unchanged.

Stocks Fall

The Dow Jones industrial average fell 28 points and closed at 17,730. The S&P 500 fell one point to 2,077. The Nasdaq fell four points to 5,009. The LABJ Stock Index fell one point to 233.

Stocks Rise; AeroVironment Rises, California Resources Corp. Tanks

The Dow Jones industrial average rose 138 points in Wednesday trading to close at 17,758. The S&P 500 rose 14 points to 2,077. The Nasdaq rose 26 points to 5,013. The LABJ Stock Index rose two points to 234.

Stocks Rise; Portsmouth Climbs, Qualstar Dives

The Dow Jones industrial average climbed 23 points Tuesday to close at 17,620.

Silver Lake Buys Entertainment Payroll Firm

Silver Lake Partners is increasing its focus on the silver screen.

Stocks Fall; Ducommun Rises, Second Sight Slips

The Dow Jones industrial average fell 350 points in Monday trading to close at 17,596. The S&P 500 fell 44 points to 2,058. The Nasdaq fell 122 points to 4,958. The LABJ Stock Index fell five points to 230.

Green Dot, MRV Communications Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was flat for the week. The weighted LABJ index held steady at 235, with losers outpacing gainers 87 to 58. Thirteen companies closed the week unchanged.

Stocks Mixed

The Dow Jones industrial average rose 57 points in Friday trading to close at 17,947. The S&P 500 fell one point to 2,102. The Nasdaq fell 32 points to 5,081. The LABJ Stock Index was flat at 235.

Stocks Fall; Qualstar Rises, Spark Networks Fizzles

The Dow Jones industrial average fell 76 points in Thursday trading to close at 17,890. The S&P 500 fell six points to 2,102. The Nasdaq fell 10 points to 5,112. The LABJ Stock Index was flat at 235.

Stocks Fall; ReachLocal Climbs, Global Eagle Sinks

The Dow Jones industrial average fell 178 points in Wednesday trading to close at 17,966. The S&P 500 fell 16 points to 2,109. The Nasdaq fell 38 points to 5,122. The LABJ Stock Index fell two points to 235.

Coalition Pulls Opposition to City National-RBC Deal

Another advocacy group has signed off on the sale of Downtown L.A.’s City National Bank to Toronto’s Royal Bank of Canada, potentially easing the deal’s approval by regulators.

Magic Johnson Enterprises Buys Life Insurance Firm

Magic Johnson Enterprises, the Beverly Hills investment firm founded by the Laker legend, announced Monday that it has completed the acquisition of a controlling stake in EquiTrust Life Insurance Co. in West Des Moines, Iowa.

Stocks Rise; Green Dot Soars, 1st Century Bancshares Falls

The Dow Jones industrial average rose 24 points in Tuesday trading to close at 18,144. The S&P 500 rose one point to 2,124. The Nasdaq rose six points to 5,160. The LABJ Stock Index rose one point to 237.

Green Dot Re-Ups Vital Wal-Mart Deal

Pasadena prepaid debit card firm Green Dot Corp. announced Monday that it has signed a new five-year deal with its most important customer, Wal-Mart Stores Inc.