Local publicly-held companies relatively unscathed in Wall Street plunge

Local publicly-held companies bruised slightly in Wall Street plunge

By Mark Kellam, mark.kellam@latimes.com

Aug. 4, 2011 3:17 PM PT

Publicly-held companies based in Glendale and Burbank were relatively unscathed in the stock market’s 512-point plunge today.

Glendale-based Public Storage’s stocks dropped by $6.26 to $110.82 per share. Stocks for DineEquity, owner of Applebee’s and IHOP, declined by $4.46 to $42.40 per share. The Walt Disney Co. was also scraped, its stock decreasing by $2.08 to $35.35 per share.

Nestle, DreamWorks Animation and Time Warner, which owns Burbank-based Warner Bros., each saw their stocks fall between $1 and $1.50.

Mark Kellam

Mark Kellam was city editor of the Glendale News-Press and Burbank Leader. He joined Times Community News in July 2011 as the business-politics reporter and was promoted to city editor in January 2013. Previously, he was an editor at the Los Angeles Daily News and managing editor at Champion Newspapers in Chino, Calif. Prior to that, he was an editor at Amos Suburban Newspapers in Dayton, Ohio, for several years. Kellam holds a bachelor’s degree in journalism from Indiana University.