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Amgen Stock Surges Thanks to Goldman Sachs

Thousand Oaks-based Amgen Inc.’s stock experienced a significant rise on Monday following news that Goldman Sachs initiated coverage of the biotech giant with a buy recommendation.

Cal Lutheran Denies Gallegly Charges

California Lutheran University has denied the claims made in a lawsuit filed recently by Elton Gallegly alleging that the Thousand Oaks school had breached a contract and refused to account for donated money, saying leadership is “disappointed” by the former congressman’s decision to pursue legal action.

Simi Valley Apartments Sell for $190 Million

A two-property multifamily portfolio totaling 504 units sold in Simi Valley for $190 million, or nearly $377,000 per unit.

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Business Events Calendar

Business Events throughout the Valleys.

Valley Insider

Banker Switches To Nonprofit

Paula Bahamon leaves bank position for Valley Community Healthcare.

Fragrance Seekers Try Options Online

Samples of brand-name perfume and cologne start at 99 cents.

Microperfumes, a Calabasas-based startup fragrance retailer launched in August of last year, is poised to make $1 million in revenue this month selling small samples of brand-name scents.

Business Theme for Westfield Festival

Holiday shopping center event features Valley companies.

Westfield Topanga shopping center partnered with Nestor Aguilar, the realtor and social media influencer behind 818 Insider, to host the Valley Winter Fest with an event designed to promote small businesses this year.

Beyond Breakfast

RESTAURANTS: IHOP now caters to the lunch and dinner crowd with sandwiches and alcoholic beverages.

This year, IHOP has transitioned away from its pancake-focused identity, broadening its appeal with lunch and dinner offerings and a pilot program featuring a beer and wine menu.

American Homes Sees Huge Market for Rentals

REAL ESTATE: Migration, housing shortage push up rates for single-family units.

Huge rental market a big plus for American Homes 4 Rent Inc.

Toys Under Tree?

RETAIL: MGA’s Isaac Larian said demand for children’s products is high, but supply chain issues may delay their arrival.

Doll manufacturer MGA Entertainment cannot wait on supply chain problems.

Fitness Gear Firm to Sell Manual Chizl

Massager designed to make self-care convenient.

Westlake Village-based Mobility Wall has launched its second product called the Chizl, a handheld fitness tool for muscle pain relief.

Music Teacher Reaches For Classic Toothbrush

Entrepreneur finds elderly consumers like his product with retro-style bristles that are unavailable elsewhere.

Music teacher sells classic toothbrush with retro-style bristles.

For Agents, State Hikes Commissions

Three of Covered California’s biggest carriers boost pay.

Health insurance marketplace Covered California announced that three of its largest carriers – Kaiser Permanente, Blue Shield of California and Anthem Blue Cross – will increase the amount they pay to insurance agents by an estimated $22 million annually.

City Takes Action Against Motel

Hometown Inn could be declared a public nuisance.

L.A. city attorney and mayoral candidate Mike Feuer announced a lawsuit in late November against the owners of the 64-room Hometown Inn Motel in North Hills, calling the location a public nuisance and a “jaw-dropping” source of violence.

Sportsmen’s Lodge Fills To Capacity

Apparel shops fill out tenant mix in Studio City.

The Shops at Sportsmen’s Lodge announced late November that four new fashion retail tenants will be added to the newly redeveloped shopping center in Studio City, filling the center to capacity.

Alliance to Revitalize Retail Center

Lake View Terrace to function as pilot project.

The Lake View Terrace Shopping Center in Pacoima will be revitalized as part of a pilot program funded by a grant from Wells Fargo & Co. and developed by the Valley Economic Alliance, the business development collaborative announced last month.

Saalex Team Helps NASA Launches

As commercial space grows, so must service contractors.

The Expendable Launch Vehicle Integrated Support 3 team at Saalex Solutions Inc. in Camarillo has been busy supporting space launches.

Vntana Looks to Open 3D Tech for Marketers

Van Nuys company’s finance round garners investment from Mark Cuban and venture capital firms.

Vntana, a 3D content management software company, announced recently that it had received an undisclosed amount of money in its latest funding round.

Government’s Big Data Set For Growth

Chatsworth firm invests to meet federal demand.

DataDirect Networks Inc., also known as DDN, has expanded its DDN Federal division by doubling the size of the payroll since the beginning of the year.

Mixed Market for SBA Lenders in Pandemic

LIST: Results varied as virus impacted SBA and borrowers.

SBA lenders find themselves in a mixed market during the pandemic.