Area companies caught up in the market slide

By Mark Kellam

Aug. 8, 2011 12 AM PT

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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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.