Indymac Mortgage Holdings Inc

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.

IndyMac Mortgage Holdings Inc. said it expects a fourth-quarter loss and that it will fire 19% of its staff after being hurt by declines in the mortgage-backed securities market. The Pasadena-based real estate investment trust, which provides mortgage financing for builders and developers and home improvement loans, said it will fire 280 people by year's end to cut costs. Although it said it doesn't know the size of its fourth-quarter loss, its first, it expects to be profitable for the year.

IndyMac Mortgage Holdings Inc., a major provider of home loans, said Tuesday that it has agreed to purchase a San Gabriel Valley bank for $62.5 million as part of a plan to shed its status as a real estate investment trust. The Pasadena-based mortgage lender said that all of its $4.4 billion in assets will be folded into West Covina-based SGV Bancorp Inc., which would be renamed IndyMac. First Federal Savings & Loan Assn.

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.