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BUSINESS
August 25, 1997 | DEBORA VRANA, TIMES STAFF WRITER
Los Angeles-based Pacific Brokerage Services Inc., a national leader in online discount trading, will be acquired by Mellon Bank of Pittsburgh in a deal estimated at more than $140 million, according to sources at Pacific. The acquisition plan, expected to be announced today, would be one of the largest purchases of a Los Angeles brokerage firm in recent years. The deal would give Mellon Bank a discount brokerage arm.
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BUSINESS
August 25, 1997 | DEBORA VRANA, TIMES STAFF WRITER
Los Angeles-based Pacific Brokerage Services Inc., a national leader in online discount trading, will be acquired by Mellon Bank of Pittsburgh in a deal estimated at more than $140 million, according to sources at Pacific. The acquisition plan, expected to be announced today, would be one of the largest purchases of a Los Angeles brokerage firm in recent years. The deal would give Mellon Bank a discount brokerage arm.
BUSINESS
April 7, 1986 | BILL SING, Times Staff Writer
Each of the past three years, Susan Hicks has placed her individual retirement account money in certificates of deposit or other relatively conservative investments. But this year, the 36-year-old Los Angeles merchandising manager is considering a somewhat bolder move for her IRA: investing in a stock mutual fund. "A CD is not what I would put money into now," she said. "I want to get something relatively safe, but without the low rate of return."
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