– National
:
A turnaround in personal spending and a flurry of acquisition activity sent stocks higher Monday, but it wasn’t enough to salvage a volatile month. The major indexes fell in October.
The Dow Jones Industrial Average rose 37.30, or 0.4 percent, to 10,440.07, after adding as much as 83 points late in the session. The Standard & Poor’s 500 Index was up 8.60, or 0.7 percent, at 1,207.01. The Nasdaq Composite Index surged 30.42, or 1.5 percent, to 2,120.30.
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Read the full Associated Press story
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– Local
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Shares of Jacobs Engineering Group Inc. rose 3.8 percent to $63.75 after the Middle East Economic Digest reported that the Pasadena-based engineering firm, along with WorleyParsons Ltd. and Foster Wheeler Ltd., bid or a contract to design a new refinery planned in Qatar expected to cost around $1.8 billion. The refinery will process 200,000 barrels of oil a day.
Occidental Petroleum Corp. jumped 2.6 percent to $78.88 after the L.A.-based oil and gas producer reported its third-quarter profit more than doubled, fueled by record energy prices, a jump in revenue and substantial one-time gains. Its earnings and revenue results beat estimates.
CB Richard Ellis Group Inc. soared 4.1 percent to $48.85 after the El Segundo-based commercial real estate company acquired Dalgleish & Co Limited for $37.9 million in cash to expand its operations across Europe. London-based Dalgleish, a retail real estate services firm that employs 93 people, generates about $34 million in revenue annually.
Skechers USA Inc. edged up 3.4 percent to $12.67 after the Manhattan Beach-based footwear company’s stock rating was raised to “strong buy” from “buy” by analyst Ivan Feinseth at Matrix USA.
And shares of Lions Gate Entertainment Corp. rose 7.7 percent to $9.60 after the Santa Monica-based film production and distribution company’s movie “Saw II” topped weekend box office receipts in U.S. and Canadian theaters, making an estimated $30.5 million. The movie had the highest opening weekend for Lions Gate, beating the $23.9 million opening of “Fahrenheit 9/11” last year.
