Credit Suisse shares sink as global fears about banks grow

March 15, 2023
Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday, hitting a record low after its biggest shareholder — the Saudi National Bank — told news outlets that it would not inject more money into the Swiss bank beset by problems long before the failure of two U.S. lenders. The turmoil prompted […]

Stocks fall on Wall Street on renewed fears about banks

March 15, 2023
Stocks are back to falling on Wall Street on Wednesday as worries worsen about the strength of banks on both sides of the Atlantic. The Standard & Poor’s 500 was 1.1% lower in early trading, while markets in Europe fell more sharply as shares of Switzerland’s Credit Suisse tumbled to a record low. The Dow […]

NFP Grows its Business Management Platform with the Addition of Philpott Meeks, LP, a Los Angeles-based Business Management Firm

March 15, 2023
Philpott Meeks will be integrated into Ground Control Business Management, an NFP company, and enhance NFP's accounting services and estate and tax planning capabilities for entertainment industry professionals and other high net worth individuals LOS ANGELES, March 15, 2023 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, […]

Operators of upscale LA care facility charged in 14 COVID deaths | Business

March 15, 2023
LOS ANGELES — The operators of an upscale Los Angeles care facility for dementia patients were charged Tuesday with felony elder abuse and other criminal counts related to the deaths of an employee and thirteen residents during the early days of the pandemic. Silverado Beverly Place, near the Fairfax district, specializes in caring for elderly […]

Downtown Los Angeles market El Mercadito Salvadoreño brings community together

March 15, 2023
Alfredo Menjivar El Mercadito has been standing is Los Angeles for 25 years and here’s a shot of one of the buildings in Downtown Los Angeles. El Mercadito Salvadoreño is a big Salvadoran market located in the heart of Los Angeles. It is not only just a store, it is a full-on flea market loaded […]

Diamond, owner of RSNs for 40-plus teams, files for bankruptcy

March 15, 2023
Diamond Sports Group, the Sinclair subsidiary that controls the regional sports networks for 42 teams across Major League Baseball, the National Hockey League and the National Basketball Association, announced that it has filed for Chapter 11 bankruptcy on Tuesday night, three days before the end of a 30-day grace period it entered into with creditors. […]


March 15, 2023
B2B CFO - Strategic Business Advisors Logo John Choi - B2B CFO Partner - Los Angeles, CA John Choi Joins as Partner in Los Angeles, California B2B CFO® has established a very good platform to provide strategic business solutions to the owners of privately held businesses.” — John Choi, Partner B2B CFO® LOS ANGELES, CALIFORNIA, […]

Sinclair's regional sports unit files bankruptcy

March 15, 2023
Sinclair Broadcast Group’s big bet on regional professional sports veered into Bankruptcy Court on Tuesday as the company’s unit that broadcasts local games filed for Chapter 11 protection. The company is seeking to restructure the more than $8 billion in debt it incurred from its 2019 purchase of regional cable channels. Sinclair’s Diamond Sports Group […]

Chevron hasn't complied with new California gas pricing law

March 15, 2023
Chevron has not complied with a new California law requiring it to disclose how much money it is making from selling gasoline in the state, setting up a showdown with state regulators over data that Gov. Gavin Newsom’s administration requested in order to impose the nation’s first penalty on excessive oil profits. The law requires […]
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