Monday morning headlines

Stocks move higher: Lots of mixed messages this morning (possible leadership change in Italy, still no word on fiscal cliff talks, McDonald's has a good month). Dow is up about 30 points.

Airplane leasing firm sold to Chinese: A group led by New China Trust Co. is buying a majority stake in L.A.-based International Lease Finance, which had been owned by AIG. The deal values the company at $5.28 billion. (LAT)

Amgen acquires gene firm: DeCode Genetics, which is based in Iceland and has been linking genetic mutations to disease, is being bought by the Thousand Oaks-based biotech company in a $415-million deal. From DealBook:

DeCode, which is privately held, has used the population of Iceland to identify genetic variations linked to schizophrenia, cancer and numerous other diseases. Just this year, for instance, it published a study identifying a rare mutation that protects people from getting Alzheimer's disease, a second on a mutation that significantly raises the risk of Alzheimer's, and a third suggesting that older men are more likely to father children with autism.

Fisker looking for investor: The cash-strapped Anaheim-based electric car maker is bringing in an investment bank to find potential partners. From the WSJ:

"We are in serious discussions with multiple strategic partners," said Tony Posawatz, the chief executive officer in an interview on Friday from London, where he was courting investors. "We've been working with Evercore on the identification of a strategic partner." Evercore, which is known for advising companies like General Motors Co. through bankruptcy restructuring, wasn't hired to chart a course for a Chapter 11 filing for Fisker, Mr. Posawatz says, but rather to seek out possible buyers and investors.

Disney moving ships out of L.A.: Another blow for the local cruise business - four Disney liners will end their extended run on the West Coast by the first half of 2014. (AP)

Box office report: "Skyfall" landed in the top spot, with only $11 million, followed by "Rise of the Guardians" ($10.5 million), and "Twilight: Breaking Dawn -- Part 2" ($9.2 million). (THR)

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook