October 21, 1999 |
Amgen Inc., the world's largest biotechnology company, on Wednesday reported a one-third jump in its quarterly profit and set plans for a stock split and a $2-billion stock buyback. But the firm also warned of slower growth ahead. Thousand Oaks-based Amgen said earnings rose to $300 million, or 56 cents a diluted share, in the quarter ended Sept. 30, from $221 million, or 42 cents, a year ago.
July 4, 2000 |
IndyMac Bancorp Inc. will relocate its mortgage banking group within Pasadena as part of a reorganization tied to its just-completed acquisition of SGV Bancorp Inc. The company will move its Web-based mortgage banking operations early next year from IndyMac headquarters on North Lake Avenue to a three-story building at 300 N. Halstead St. near Foothill Boulevard.
April 4, 2000 |
* Mortgage banker IndyMac Mortgage Holdings Inc. said its co-founder, Angelo Mozilo, has resigned as president and vice chairman to devote full attention to his role as chairman and chief executive of Calabasas-based Countrywide Credit Industries Inc. In a related announcement, IndyMac said Countrywide's president and founding chairman, David Loeb, is retiring. Loeb will remain IndyMac's chairman, the company said.
October 12, 1998 |
The days of easy money for many consumers with bad credit might be ending. In a sign that an emerging global credit crunch might soon affect more American consumers, companies that specialize in so-called sub-prime lending to people with blotched credit records--often via high-interest home equity loans--are quickly running out of money as banks and investors cut off their funds.