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

The Dow Jones industrial average fell 331 points in Monday trading to close at 17,502. The S&P 500 fell 38 points to 2,021. The Nasdaq fell 74 points to 4,653. The LABJ Stock Index fell three points to 213.

Arrowhead, RadNet Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies fell for the week. The weighted LABJ index fell 1 percent to close at 216, with losers outpacing gainers 86 to 64. Ten companies closed the week unchanged.

Markets Mixed

The Dow Jones industrial average rose 10 points in Friday trading to close at 17,833. The S&P 500 fell one point to 2,058. The Nasdaq fell nine points to 4,727. The LABJ Stock Index was flat at 216.

Stocks Down

The Dow Jones industrial average fell 160 points in Wednesday trading to close at 17,823. The S&P 500 fell 21 points to 2,059. The Nasdaq fell 41 points to 4,736. The LABJ Stock Index fell two points to 216.

Stocks Fall

The Dow Jones industrial average fell 55 points in Tuesday trading to close at 17,983. The S&P 500 fell 10 points to 2,080. The Nasdaq fell 29 points to 4,777. The LABJ Stock Index fell one point to 218.

Stocks Mixed

The Dow Jones industrial average fell 15 points in Monday trading to close at 18,038. The S&P 500 rose two points to 2,091. The Nasdaq was flat at 4,807. The LABJ Stock Index was flat at 219.

Stocks Rise

The Dow Jones industrial average rose six points in Wednesday trading to close at 18,030. The S&P 500 was flat at 2,082. The Nasdaq rose eight points to 4,773. The LABJ Stock Index rose one point to 217.

Green Dot Extends Deal With Wal-Mart – For Now

Monrovia prepaid debit card company Green Dot Corp. has extended its distribution deal with Wal-Mart Stores Inc., but for just another eight months – an announcement that earned mixed reviews from analysts.

Bank Leumi Admits to Hiding Assets in Offshore Bank Accounts

A major Israeli international bank admitted that it conspired to help U.S. taxpayers present false tax returns to the Internal Revenue Service by hiding income and assets in offshore bank accounts in Israel and elsewhere around the world, the Department of Justice announced today.

Stocks Rise

The Dow Jones industrial average rose 155 points in Monday trading to close at 17,959. The S&P 500 rose eight points to 2,079. The Nasdaq rose 16 points to 4,781. The LABJ Stock Index was flat at 218.

American Apparel, Xencor Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose 2 percent to close at 218, with gainers outpacing losers 111 to 41. Eight companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 27 points in Friday trading to close at 17,805. The S&P 500 rose nine points to 2,071. The Nasdaq rose 17 points to 4,765. The LABJ stock index rose one point to 218.

L.A. Unemployment Rate Holds Steady Despite Job Gains

The California Employment Development Department reported that Los Angeles County’s unemployment rate remained stuck at 8 percent last month as the number of residents reporting they were working barely budged.

Stocks Rise

The Dow Jones industrial average rose 421 points in Thursday trading to close at 17,778. The S&P 500 rose 48 points to 2,061. The Nasdaq rose 104 points to 4,748. The LABJ Stock Index rose four points to 217.

Stocks Rise

The Dow Jones industrial average rose 288 points in Wednesday trading to close at 17,357. The S&P 500 rose 40 points to 2,013. The Nasdaq rose 96 points to 4,644. The LABJ Stock Index rose four points to 213.