Archives

Two L.A. Asian American banks near top of national stock ratings

BBCN Bancorp is second and Cathay General fifth in analysts’ lists of bank stocks that investors should buy, signaling economic strength in local immigrant communities.Two of Los Angeles’ many Asian American banks ranked near the top of analysts’ natio…

Allergan stock climbs amid $46-billion bid

Bill Ackman and Valeant make offer for the maker of Botox.Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman moved forward with their plans to acquire Botox maker Allergan Inc., offering shareholders about $46…