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* IndyMac Bancorp Inc. posted a weaker-than-expected 11% rise in quarterly profit, hurt by falling margins from mortgage sales. The Pasadena-based parent of IndyMac Bank nevertheless said that mortgage loan production surged 41% to a record and that 2007 earnings should top analyst forecasts. Third-quarter net income rose 11% to $86.2 million, or $1.19 a share, as revenue rose 22% to $345.6 million.
* Disk drive maker Western Digital Corp. of Lake Forest said Arif Shakeel would step down as chief executive, with President John Coyne taking over in January. The company also reported third-quarter earnings, posting a 49% increase in net income to $103 million, or 46 cents a share, as sales rose 25% to $1.26 billion.
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