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Reliance Steel & Aluminum Co. of Los Angeles announced Friday that it had acquired Northern Illinois Steel Supply Co. for an undisclosed price.
The LABJ Stock Index fell nearly 4 percent in the trading week that ended Friday to close at 196. Losers outpaced gainers by 120 to 36 with eight companies unchanged.
The Dow Jones industrial average lost 70 points to close on Friday at 16,493. The S&P 500 lost 6 points to close at 1,925. The Nasdaq lost 17 points to close at 4,353. The LABJ Stock Index lost a point to close at 196.
CBRE Group Inc. of Los Angeles bought Paragon Project Management for an undisclosed price, the company announced Thursday.
The Countrywide Financial mortgage lender unit owned by Bank of America has been ordered to pay $1.3 billion in damages for selling thousands of defective loans.
DirecTV, Edison International, Oaktree Capital Group, Occidental Petroleum, PS Business Parks Inc., Ryland Group Inc. and Superior Industries International Inc. were among firms reporting earnings.
The Dow Jones industrial average lost 318 points in Thursday’s trading to close at 16,563. The S&P 500 lost 39 points to close at 1,931. The Nasdaq lost 93 points to close at 4,370. The LABJ Stock Index lost 3 points to close at 197.
Molina Healthcare Inc. reported meager earnings after markets closed Wednesday, falling well short of Wall Street expectations on profits.
Dine Equity Inc., Stamps.com and TetraTech Inc. were among firms reporting earnings.
The Dow Jones industrial average fell 32 points in Wednesday’s trading to close at 16,880. The S&P 500 was flat at 1,970. The Nasdaq gained 20 points to close at 4,463. The LABJ Stock Index gained 2 points to close at 200.
Weak box office results for “How to Train Your Dragon 2” put a drag on DreamWorks Animation SKG Inc. second quarter earnings, which failed to match analysts’ expectations.
Los Angeles engineering and construction firm Aecom has purchased Hunt Construction Group for an undisclosed sum in a deal announced on Tuesday.
Local companies Big 5 Sporting Goods Corp., CBRE Group Inc. and Jacobs Engineering Group Inc. were among firms reporting earnings.
The Dow Jones industrial average lost 70 points in Tuesday trading to close at 16,912. The S&P 500 lost 9 points to close at 1,970. The Nasdaq lost 2 points to close at 4,443. The LABJ Stock Index lost a point to close at 199.
Shares of Herbalife fell in after-hours trading Monday after the Los Angeles company reported a decline in net income.