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Los Angeles News

Local Business Shares Drop After Bombings
Posted by Kyle Maloney on Apr 17, 2013 - 12:55:22 PM

SHERMAN OAKS—In the wake of the Boston marathon bombings, many local businesses experienced the worst stock selloff of the year.

According to reports, many of the largest public companies in the greater San Fernando Valley saw their shares decline on Tuesday, April 16.

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Stocks take a hit.
The most affected of the larger companies was Sylmar construction firm Tutor Perini Inc., whose stock fell nearly nine percent, or $1.63, to close at $16.33. The Glendale real estate investment trust that runs storage units, Public Storage Inc., lost the biggest dollar when stock dropped 2.2 percent, or $3.46, to close at $155.05.

The temporary employment firm On Assignment Inc. in Calabasa dropped seven percent, which lost $1.71, causing it to close at $22.53.

The San Fernando Valley’s leading company by market capitalization, the Walt Disney Co. in Burbank, fell 2.8 percent, or $1.67, to close at $58.88. Runner-up to Walt Disney is the Thousand Oaks biotech company Amgen Inc., which lost 2.8 percent, or $3.09, to close at $108.48.



 

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Serving Bel Air, Benedict Canyon, Beverly Hills. Brentwood, Laurel Canyon, Los Feliz, Malibu, Pacific Palisades, Melrose, Santa Monica, Sherman Oaks, Studio City, Topanga, Canyon, Westwood & Hollywood Hills.