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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

iPayment Closes Financing for Acquisition

iPayment Inc., a provider of credit card payment services, has closed on a corporate refinancing with the proceeds partially funding its acquisition of Leaders Merchant Services, the company announced Wednesday.

L.A. County Unemployment Falls in October

L.A. County’s robust labor market continued to gather steam in October as the unemployment rate fell to 4.7 percent from 4.9 percent in September and the county added 35,000 payroll jobs, the state reported Friday.

Nestle to Leave Glendale by July

In an updated filing with state regulators, Nestle USA said it will close its headquarters in Glendale on July 6, 2018.

Economist Says Valley Growing Faster Than L.A. County

The San Fernando Valley is the bright spot in the Los Angeles County economy, an economist told attendees Thursday morning at the first San Fernando Valley Economic Forecast sponsored by the Business Journal and California Lutheran University.

BlackLine, KPMG Form Partnership

BlackLine Inc. has formed an alliance with accounting powerhouse KPMG to sell their technology products to help improve accounting efficiencies.

Earnings: Tejon Ranch, Qualstar, Trio-Tech

Shares of Tejon Ranch, Qualstar and Trio-Tech rise after the companies report third quarter results.

PennyMac Financial's Shrinking Earnings Beat Expectations

Westlake Village’s nonbank mortgage lender PennyMac Financial Services Inc. reported third-quarter earnings above Wall Street expectations and anticipates minimal losses from hurricanes and wildfires, the company announced Thursday.

B. Riley Merges Small Cap Investment Banks

B. Riley & Co. and FBR Capital Markets & Co. have merged and will now be known as B. Riley FBR Inc., it was announced Wednesday.

Marijuana Firm Secures $2.9 Million Investment

Marijuana industry services firm PayQwick has received $2.9 million in funding, the company announced.

Ventura County Economy in Decline

Ventura County’s economy has declined due to job losses in high-paying industry sectors, with only low-paying jobs increasing, according to the California Lutheran University Center for Economic Research and Forecasting, which reported its economic forecast for 2018 in Ventura County at the Serra Center in Camarillo Thursday.

L.A. County Unemployment Rises Despite Job Gains

L.A. County’s unemployment rate inched up to 4.9 percent in September from 4.8 percent in August even as employers in the region added 43,500 jobs to their payrolls, the state reported Friday.

VICA Conference Features Economic Forecast

The Valley Industry Commerce Association presented its annual economic forecast Friday at the Hilton Los Angeles in Universal City.

BankCard USA Relocating to Westlake Village

BankCard USA Merchant Services in Agoura Hills will relocate to Westlake Village early next year, according to Westcord Commercial Real Estate Services in Westlake Village.

Preview: Retirement Funds Feature Bitcoin

Metal seller Goldco turns to virtual currencies.

Woodland Hills Collection Agency Relocates

Caine & Weiner Inc., an accounts receivables and collections service in Woodland Hills, will move its national headquarters to San Fernando, according to CBRE Group Inc.

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