Matt is a finance reporter covering venture capital and private equity.
LENDING: Local duo vault into New York with pair of pickups.
Chinese-American banks put their money on the Big Apple with New York pickups.
LENDING: Xceed’s staff, financial advisers will be available 24-7 next month.
While mobile banking is a godsend for those who are more likely to have a smartphone than a checkbook handy, there are certainly some people who lament losing the personal touch they get when going to a branch.
Santa Monica video game company Activision Blizzard Inc. will join the S&P 500 after the close of trading Friday, becoming the second video game publisher to join the benchmark index.
Beverly Hills firm Levine Leichtman Capital Partners announced Monday that it has completed the acquisition of short line railroad firm Regional Rail in Kennett Square, Pa., alongside the company’s management. Terms were not disclosed.
Vernon glass industry supplier C.R. Laurence Co. Inc. announced Thursday that it will be acquired by Oldcastle BuildingEnvelope, a subsidiary of Irish building products giant CRH Group, for $1.3 billion in cash, subject to regulatory approval.
Medbox Inc. Founder P. Vincent Mehdizadeh is letting 13 million shares of his company go up in smoke, raising the value of those held by others.
TECHNOLOGY: OriginClear picks up first firm despite never having turned profit.
Water purifier OriginClear looks to make a splash rolling up small players in its industry.
COMMUNICATION: MRV’s shares soar after company reveals sale of subsidiary.
Networking firm MRV gets a line on investors after the firm announces the sale of an Italian unit.
Westwood firm Shamrock Capital Advisors, which began as an investment adviser for the Disney family, announced Wednesday that one of its portfolio companies, New York fantasy sports portal FanDuel, acquired New York sports analytics company NumberFire. Terms were not disclosed.
ACQUISITION: Preferred takes New York institution with Chinese connection.
Downtown L.A.’s Preferred Bank had never made an acquisition in its nearly 24-year history. But in a New York minute, that all changed.