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Thursday, Apr 18, 2024

Calabasas Companies Tumble in Down Dow

The high-flying Dow hit a bump Thursday, finishing the day down 119 points. The worst losses among Los Angeles-area companies were centered on Calabasas companies: Countrywide Financial Corp. (-3.9 percent), Ryland Homes (-4.2 percent) and video game maker THQ (-6.1 percent). The one bright spot locally was Woodland Hills-based 21st Century Insurance, where the price increased 26.2 percent on news that insurance giant and majority owner AIG wants to buy the remaining share of the company.

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