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Area companies caught up in the market slide

August 08, 2011|By Mark Kellam, mark.kellam@latimes.com
  • DreamWorks headquarters. (File photo)
DreamWorks headquarters. (File photo)

Publicly held companies based in Glendale and Burbank took a tumble Monday as the Dow Jones plummeted 634 points.

Glendale-based DreamWorks Animation took the biggest hit, sliding 8.7% after its stock lost $1.71 to close at $17.94 per share. Public Storage, also based in Glendale, lost $8.24 per share to end at $102.07 — an almost 7.5% decline.

DineEquity, which owns Applebee’s and IHOP, saw its stock shed nearly 6.9% after losing $2.83 for the day to close at $38.27 per share. Disney’s stock dropped $2.15 to $33.03 per share — a 6.1% decline.

Time Warner, which owns Burbank-based Warner Bros., reported a 5.8% decrease, with its stock falling $1.85 to close at $29.89 per share.

Nestlé fared better, falling just $1 to $46 per share, a decline of about 2.1 %.
 
 

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