James Rufus Koren is a Managing Editor.
Before his assignment as Managing Editor, he served as the paper's finance reporter covering the banking industry. Prior to joining the Business Journal, he covered state and local politics for several daily newspapers in Southern California. He is a graduate of the University of Southern California. He can be reached at 323-549-5225, ext. 225, or by email: email@example.com.
The Dow Jones industrial average fell 588 points in Monday trading to close at 15,871, its lowest close since February 2014. The S&P 500 fell 78 points to close at 1,893. The Nasdaq fell 180 points to close at 4,526. The LABJ Stock Index fell 10 points to close at 207. Of the 158 stocks on the LABJ Stock Index, 140 lost value Monday, while just 10 companies saw shares rise. Eight stocks were unchanged on the day.
Drivers for Uber and Lyft lined up opposite opponents of the ridesharing companies Tuesday at a Los Angeles City Council committee hearing that could determine whether the firms will be able to operate at Los Angeles International Airport.
L.A. is set to pick up a new public company next week, as Century City investment bank Houlihan Lokey prepares for its initial public offering.
With L.A. 2015 now underway, how about L.A. 2024?
Just shy of a year after the deal was first announced, federal banking regulators have signed off on New Jersey lender CIT Group Inc.’s purchase of Pasadena’s OneWest Bank.
Tuesday Rundown: Green Dot Opens Shanghai Office, Aecom Sells Staffing Unit, Molina Buys in Florida Again
Pasadena prepaid debit card firm Green Dot Corp has opened a new subsidiary in China that will focus on technology and software development.
Irvine lender Plaza Bank has closed its acquisition of Manhattan Bancorp, the El Segundo parent of Bank of Manhattan.
REAL ESTATE: Buyer of CIM property jolted by designation.
The buyer of a Hollywood apartment just built by CIM Group was surprised to learn it was rent controlled.
UCLA Environmental Study Gives L.A. County a C+ Los Angeles County has work to do when it comes to the environment, according to a UCLA study released on Tuesday that rates the county’s environmental performance as a C+.
LENDING: Alex Meruelo to take control of NCAL despite scrutiny over payday loans.
Alex Meruelo further diversifies eclectic portfolio with deal for controlling stake in NCAL Bancorp.