Maker of School Furniture Sees Net Income Rise

March 13, 2023
A diversified customer base helped Virco Manufacturing Corp. stay afloat in the third quarter, according to its chief executive. Robert Virtue said that the Torrance manufacturer of school desks, chairs, tables and storage products was subjected to a stress test as the Covid-19 pandemic forced many of its customers to be closed for business. “But […]

Dekel Capital Launches Lending Platform

March 6, 2023
Tightened lending standards and declining loan demand at large commercial banks are creating a path for nonbank entities such as Dekel Capital to establish lending platforms. Dekel, based in Century City, has launched a correspondent lending platform that will operate on behalf of capital providers including a global asset manager and large European bank. The platform […]

Reliance Steel Chief Likes Company’s Q4 Results

March 6, 2023
Despite a period of continued metal price volatility and broader economic uncertainty, Reliance Steel & Aluminum Co. Chief Executive Karla Lewis was pleased with the company’s fourth-quarter and full-year earnings. The metals distributor relocated last summer to Scottsdale, Arizona, from downtown. Lewis took over as head of the company in January, succeeding James D. Hoffman, […]

CNB Vows to Keep Starring Role

March 6, 2023
City National Bank, with a new head of its signature entertainment banking division for the first time in decades, looks to continue its dominance of financing the various facets of the entertainment industry. Moving forward, the new executive vice president of the division, JaHan Wang, certainly plans to stick to the bank’s winning formula of […]

DTLA Dilemma - Los Angeles Business Journal

February 27, 2023
A succession of defaults on towers has unfolded as demand for space drops in the downtown Los Angeles office market. Brookfield Corp., one of the largest office owners in downtown Los Angeles, defaulted on $784 million worth of loans on two towers. According to a Feb. 10 SEC filing, the firm failed to pay a $465 […]

Herbalife CEO Puts On Brave Face

February 27, 2023
Despite being disappointed by the fourth-quarter results reported earlier this month, Herbalife Nutrition Ltd. Chief Executive Michael Johnson was upbeat about the future of the company. “Our sales will grow, and our results will improve,” Johnson said during a conference call on Feb. 14 with analysts to discuss fourth-quarter earnings. “I’m fully aligned with our […]
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