The Week’s Big Movers

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The Los Angeles Business Journal’s index of largest local public companies closed up for the week ended Nov. 5 as the markets responded to the Federal Reserve’s latest move to pump up the economy.

The weighted LABJ index rose 1.76 percent to 116.28, with gainers outpacing decliners 132 to 49.

Quarterly reports also played a role in driving up local stocks. Among the largest local gainers was On Assignment Inc. The Calabasas health care staffing company jumped 29 percent to $6.86 after reporting that third quarter net income had more than tripled from a year earlier.

United Online Inc. shares gained 20 percent to $7.11 after the Woodland Hills Internet company reported third quarter net income and revenue that beat Wall Street expectations.

El Segundo’s International Rectifier Corp., which was Friday’s biggest mover on the New York Stock Exchange, reported it went from a loss to a better-than-expected profit in its fiscal first quarter thanks to better semiconductor sales. It ended the week up 19.5 percent to $27.50.

DineEquity Inc. rose 17.5 percent to $51.34. The Glendale casual restaurant operator exceeded Wall Street’s expectations for the third quarter on improved performance at its Applebee’s chain.

Among the biggest decliners was MannKind Corp., which fell more than 13 percent to $5.54 after a former executive alleged in a lawsuit that the Valencia biotech suppressed potential fraud in clinical trials for its inhalable diabetes therapy, which is under review by the U.S. Food and Drug Administration.

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