• East West Bank, headquartered in Pasadena, announced solid earnings for the second quarter of 2014. Net income increased by $10 million or 13% from the prior year.

    East West Bancorp, Inc. (“East West”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported financial results for the first quarter of 2014. For the first quarter of 2014, net income was $76.7 million or $0.54 per diluted share. First quarter earnings included integration and merger expenses of $10.6 million pretax, or $0.04 per diluted share associated with the acquisition of MetroCorp Bancshares, Inc. (“MetroCorp”) which was completed on January 17, 2014. 1

     

    Europe’s main stock markets wavered on Thursday following a slump for share prices across Asia after poorly-received Chinese data and on the outlook for US stimulus.

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    China has become the world’s biggest consumer of red wine, outdrinking the wine-loving French for the first time in 2013, according to a study published this week.

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    East West Bancorp, Inc. (“East West”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported financial results for the fourth quarter and full year of 2013. For the fourth quarter of 2013, net income was $75.8 million or $0.55 per dilutive share. For the full year 2013, net income was $295.0 million and net income available to common stockholders was $2.10 per dilutive share.

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    Europe’s main stock markets turned in a mixed, lacklustre performance on Monday with Wall Street closed for a holiday and China turning in disappointing growth data.

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    China crushed a pile of ivory reportedly weighing more than six tonnes on Monday, in a landmark event aimed at shedding its image as a global hub for the illegal trade in African elephant tusks.

    Rupert Murdoch’s 21st Century Fox said Thursday it was selling its 47 percent stake in Star China TV, which operates three Mandarin-language television stations.

    Bolivia on Thursday opened its first wind power facility, constructed by Chinese firm HydroChina at a cost of $7.6 million.

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    Christina Yu Yu, PhD, an expert in Chinese art and culture, began her new role as director of USC Pacific Asia Museum (USC PAM). Among her priorities for... 
     
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    Happy New Year! Rose Parade Float Trophy Winners...
    The Greater Los Angeles County Vector Control District issued a warning to San Gabriel Valley residents to be on the lookout for an invasive species of insect called the Asian Tiger Mosquito (Ae. albopictus) which could be carrying a debilitating virus...
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    Local fine artist Sam Nicholson is donating 25 percent of any of his paintings purchased by supporters of the Pasadena-headquartered non-profit Hillsides....
     
     
     
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