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BUSINESS
August 19, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Orange County stockbroker Titan Value Equities Group Inc. said it will form a holding company with two San Diego financial concerns that will run all three companies. The three will keep their identities under the holding company, called Galaxy Capital Corp., and no offices will be closed. But by combining, the companies said, they will be able to slash administrative costs now borne by each.
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BUSINESS
August 19, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Orange County stockbroker Titan Value Equities Group Inc. said it will form a holding company with two San Diego financial concerns that will run all three companies. The three will keep their identities under the holding company, called Galaxy Capital Corp., and no offices will be closed. But by combining, the companies said, they will be able to slash administrative costs now borne by each.
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BUSINESS
January 7, 1992 | BARRY STAVRO, TIMES STAFF WRITER
The recession worsened, IBM and General Motors announced tens of thousands of layoffs, factories closed, lines grew at unemployment offices--and 1991 was a great year for the stock market, both nationwide and for most local companies. Last year, the Dow Jones Industrial Average, a group of 30 blue-chip stocks, surged 20.3%; the Standard & Poor's 500 Index jumped 26.3% and the Valley Stocks index, a collection of 80 stocks in the San Fernando Valley and Ventura County areas, rose 26.2%.
BUSINESS
January 7, 1992 | BARRY STAVRO, TIMES STAFF WRITER
The recession worsened, IBM and General Motors announced tens of thousands of layoffs, factories closed, lines grew at unemployment offices--and 1991 was a great year for the stock market, both nationwide and for most local companies. Last year, the Dow Jones Industrial Average, a group of 30 blue-chip stocks, surged 20.3%; the Standard & Poor's 500 Index jumped 26.3% and the Valley Stocks index, a collection of 80 stocks in the San Fernando Valley and Ventura County areas, rose 26.2%.
BUSINESS
August 15, 1990 | TOM PETRUNO
Southland brokerages have long been criticized for providing too little research coverage of area companies. That may be changing--in a big way. Seidler Amdec Securities, a Los Angeles firm that mainly caters to large institutional investors, has brought in a new research chief with ambitious goals for the company's stock coverage. Some Seidler competitors also say they're plotting significant increases in their research analyst staffs, to spotlight more area companies.
BUSINESS
November 10, 1993 | SCOT J. PALTROW, TIMES STAFF WRITER
The Securities and Exchange Commission's chief administrative law judge has taken the unusually harsh action of permanently banning from the securities industry three Southern California brokers who had been affiliated with a now-defunct penny stock brokerage. All three had worked in Orange County or San Diego in the late 1980s for Stuart-James Co., a penny stock brokerage. Stuart-James folded in 1990 after paying $1.9 million to settle civil charges of defrauding customers. Judge Warren E.
BUSINESS
August 15, 1990 | TOM PETRUNO
Southland brokerages have long been criticized for providing too little research coverage of area companies. That may be changing--in a big way. Seidler Amdec Securities, a Los Angeles firm that mainly caters to large institutional investors, has brought in a new research chief with ambitious goals for the company's stock coverage. Some Seidler competitors also say they're plotting significant increases in their research analyst staffs, to spotlight more area companies.
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