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Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news

Green Credits, Incentives Likely to Boost LA Companies

Tax credits and incentives are central pillars of the green energy industry.

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Cryptocurrency, Biotech Set the Pace in a Solid Year for LA Stocks

It was a year that will be remembered for a pandemic, an economic downturn and social justice protests, but for many publicly traded companies in Los Angeles, 2020 will also go down as a period of strong gains in the equities markets.

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Zico Founder Buys Beverage Line Back From Coca-Cola

Coconut water company Zico was reacquired by its founder from the Coca-Cola Co. for an undisclosed sum.

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Uplifting Results Labs Raises $8.2 Million

Uplifting Results Labs Inc., the Playa Vista-based nutrition startup behind the Muniq health brand, raised $8.2 million in Series A funding, the company announced Jan. 12.

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New LA Tourism Chief Burke Isn’t Deterred by Tough Times

Before the pandemic, Adam Burke, chief executive of the Los Angeles Tourism and Convention Board, would have called you “crazy” if you told him that he’d be happy to report that Los Angeles hotels were at 50% occupancy.

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Sloan, Sagansky Plan $1.5 SPAC

Veteran investors and former media executives Harry Sloan and Jeff Sagansky are looking to raise their largest special purpose acquisition company, or SPAC, yet.

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Colony Capital Moves Headquarters to Florida

Real estate investment firm Colony Capital Inc. has relocated its corporate headquarters from downtown to Boca Raton, Fla.

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SSI Investment Rides in Style With Convertibles

Beverly Hills-based SSI Investment Management has experienced significant upside over the last year through its focus on a relatively niche asset class.

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EV Battery-Maker Romeo Goes Public

Vernon-based electric vehicle battery-maker Romeo Power Inc. has gone public via a special purpose acquisition company, or SPAC.

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Icahn Sells $600 Million in Herbalife Stock

Activist investor Carl Icahn has sold the majority of his shares in Herbalife Nutrition Ltd. and has relinquished his five board seats at the downtown-based nutritional supplement company.

Kayne Anderson Raises Second CLO Fund

Kayne Anderson Capital Advisors has raised a $600 million collateralized loan obligation fund.

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Sloan Looks to Raise New $1.5 Billion SPAC

Veteran investors Harry Sloan and Jeff Sagansky are looking to raise their largest SPAC yet.

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LA May See Job Growth Decline

Los Angeles County’s jobs report for November showed a continued bounce back from spring’s pandemic-induced lockdown, along with a dose of seasonal hiring.

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Platinum Equity Sells Singapore Manufacturer for $400 Million

Beverly Hills-based Platinum Equity has sold portfolio company Compart Systems Pte Ltd. to Chinese investor Shanghai Wanye Enterprises Co. Ltd.

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Covid-Related Loan Programs Have Given Businesses a Much-Needed Lifeline

More than 225,000 business owners and nonprofits in Los Angeles County have collectively received about $14 billion in EIDL funding.

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