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BUSINESS
April 5, 2011
A quiet day on Wall Street left stock indexes little changed after minutes from the most recent meeting of the Federal Reserve's policy committee showed few signs that the central bank plans on making changes to its stimulus program. Trading volume continued to be light. The minutes, from the Fed's meeting on March 15, confirmed that members of the central bank are split about whether it needs to tighten credit later this year to ward off inflation. All of the committee's members agreed that the economy is improving.
ARTICLES BY DATE
BUSINESS
April 27, 2014 | By Stuart Pfeifer
PCM Inc., an El Segundo company that sells information technology products and services, has attracted little attention in more than a quarter-century of business. But that soon may change. The owner of a competing company has starting snapping up PCM's stock, raising speculation of a possible takeover. Firoz Lalji, chairman of technology company Zones Inc. in Auburn, Wash., now owns about 5% of PCM, according to a regulatory filing. And he called PCM "one of the poorest-performing companies in its industry.
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BUSINESS
July 20, 2010 | Reuters
U.S. stocks ended higher on Tuesday, led by gains in shares of Goldman Sachs Group Inc and strength in beaten-down homebuilders and raw materials companies. Based on the latest available data, the Dow Jones industrial average rose 75.53 points, or 0.74 percent, to end at 10,229.96. The Standard & Poor's 500 Index was up 12.22 points, or 1.14 percent, at 1,083.47. The Nasdaq Composite Index was up 24.26 points, or 1.10 percent, at 2,222.49.
BUSINESS
April 25, 2014 | By Julie Makinen
BEIJING - DMG Entertainment, the Beijing-based company that co-produced Hollywood films including "Iron Man 3" and "Transcendence," is in the process of going public on the Shenzhen Stock Exchange. The move will see DMG enter the exchange through a reverse takeover with meat-processing company Sichuan Gaojin Foods. The deal still needs regulatory approval. According to DMG and Sichuan Gaojin, the deal values DMG at $970 million. That's three times the value of Gaojin at the end of 2013.
BUSINESS
May 25, 2010 | By Nathaniel Popper
Stock markets plunged this morning with fears about the European economy and a Korean military confrontation driving the Dow Jones industrial average below 9900. The Dow had fallen 2.2%, or 217.80 points, at mid morning and other indexes fell even more sharply. The Nasdaq composite index was down 2.37% or 52.56 points to 2160.99. The rough opening came in the middle of a tumultuous day of trading in Europe and Asia. Fears about the health of the European Union's economy were stoked when four Spanish banks announced late Monday that they were planning to merge just a few days after the Spanish government bailed out another leading Spanish bank.
BUSINESS
September 2, 2009 | Tom Petruno
Stocks are rose in early trading today. The gains come as European shares drop after a slight rebound in Asian markets. Investors are worried that after a six-month rally in stocks, markets are looking a little overvalued considering the economy's ongoing challenges. U.S. investors will be looking to reports on manufacturing activity, home sales and construction spending for further evidence of the economy's rebound. Sales reports from automakers will also be closely watched.
BUSINESS
December 12, 2012 | By Andrew Tangel
NEW YORK -- Stocks jumped after the Federal Reserve said it would keep interest rates low as long as the unemployment rate stays above 6.5%. The Dow Jones industrial average rose 65 points, or 0.5%, to 13,314 in midday trading. The broader Standard & Poor's 500 index gained 10 points, or 0.7%, to 1,438. The technology-heavy Nasdaq rose 6 points, or 0.2%, to 3,028. The Fed also announced it would spend $45 billion a month buying Treasury bonds to keep long-term rates low. The central bank has embarked on large-scale bond buying as a way to lure investors into riskier assets such as stocks.
BUSINESS
August 27, 2012 | By Andrew Tangel
Stocks were mixed in early trading Monday, cooling a late Friday rally on speculation of further monetary stimulus in the U.S. The Dow Jones industrial average lost 29 points, or 0.2%, to 13,129 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index was down 1 point, or 0.1%, to 1,410. The Nasdaq was up 1 point, essentially flat at 3,071. Apple Inc. shares rallied following the company's $1-billion victory in a patent lawsuit with rival Samsung.
BUSINESS
December 16, 2013 | By Andrew Tangel
NEW YORK -- Stocks surged nearly 1% as investors saw fresh signs the U.S. economy was gaining steam, just days before the Federal Reserve will decide whether to continue a major stimulus program. The Dow Jones industrial average gained 151.88 points, or 1%, to 15,907.24 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index added 13.85 points, or 0.8%, to 1,789.17. The tech-focused Nasdaq composite index rose 33.74 points, or 0.8%, to 4,034.71.
BUSINESS
July 10, 2012 | By Andrew Tangel
NEW YORK -- Stocks gained in early trading Tuesday after European leaders agreed on bailout terms for Spain's troubled banking system. The Dow Jones industrial average gained 43 points, or 0.3%, to 12,779 shortly after the opening bell. The Standard and Poor's 500 index rose 7 points, or 0.5%, to 1,359. The Nasdaq was up 8 points, or 0.3%, to 2,939. Major European stock indexes were up about 1% or more. Spain's costs of borrowing eased, meanwhile. The country's 10-year bond yield slid to about 6.7%, down from about 7% Monday.
BUSINESS
April 24, 2014 | By Chris O'Brien
Big earnings. Big stock buyback. Big stock bump. On Thursday, investors cheered Apple's performance by sending its stock up by as much as 8.5% in early trading.  The stock climbed to $ 569.50 at one point early Thursday, up from $524.75 the previous day.  Riding a wave of strong iPhone sales, Apple on Wednesday reported fiscal second-quarter revenue of $45.6 billion, well above analysts' consensus of $43.6 billion, and up from the...
BUSINESS
April 23, 2014 | By Stuart Pfeifer
Takeover target Allergan Inc., the company that makes Botox, has adopted a "poison pill" defense intended to delay a buyout by Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman. The Irvine company's "stockholder rights plan" allows existing shareholders to buy Allergan stock at a steep discount if any single investor acquires more than 10% of its shares. That would drive down the value of the major investors' shares, making it unlikely that anyone would acquire that much stock.
BUSINESS
April 22, 2014 | By Stuart Pfeifer
Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman moved forward with their plans to acquire Botox maker Allergan Inc., offering shareholders about $46 billion and touching off what could be a contentious fight. Several industry analysts said they expect Allergan to reject the offer as too low, and said a fierce boardroom battle may be on the horizon. An issue certain to alarm Allergan is Valient's announced plans to slash research and development spending at the Irvine company.
ENTERTAINMENT
April 22, 2014 | By Ryan Faughnder
Here's one group that's happy about Netflix's planned price hikes: Wall Street. The video giant said Monday it will soon raise prices for new customers of its streaming service by  $1 or $2 a month as it bets its growing slate of original content will continue to draw subscribers. Existing customers will continue to pay current prices for a time.  Wall Street analysts praised the coming hikes as a way to drive profitability as...
BUSINESS
April 22, 2014 | By E. Scott Reckard
Two of Los Angeles' many Asian American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities. Financial information provider SNL Financial ranked BBCN Bancorp second of all bank stocks nationally, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform. " Only the parent of South Carolina Bank and Trust had a more positive endorsement from analysts.
CALIFORNIA | LOCAL
April 15, 2014 | By Larry Gordon
Pitzer College, a liberal arts school in Claremont, has joined the vanguard of U.S. campuses deciding to sell off its investments in fossil fuel companies as a statement of concern about global warming. Pitzer's board of trustees recently voted to approve a divestment plan to sell off about $4.4 million in fossil-fuel related investments, mainly in oil and gas companies, by the end of this year from the school's $125-million endowment. The remaining $1 million or so in fossil fuels investments, mainly those in large multi-industry funds, will be sold off soon after, officials said.
SPORTS
April 13, 2014 | By Jim Peltz
Juan Pablo Montoya celebrated his return to Long Beach after 14 years with a fourth-place finish. Montoya won the Toyota Grand Prix of Long Beach in 1999 but then left for Formula One racing in 2001 and, six years later, NASCAR stock car racing. He's back in IndyCar with Team Penske. The Colombian started 16th, was sent to the back of the 23-car field for improperly entering the pits when they were closed but then gained several spots thanks to a multicar crash midway through the race.
BUSINESS
April 13, 2014 | By Stuart Pfeifer
Jack, the round-headed fictional chief executive in Jack-in-the-Box commercials, is not only a hit on television. He's also popular on Wall Street. In the last year, investors have driven the company's stock price up more than 80% - and industry analysts are bullish about the company's future. Jack in the Box Inc.'s profit was up sharply in its recently completed fiscal first quarter, as sales increased at its flagship restaurants and at the company's other brand, Qdoba Mexican Grill.
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