San Fernando Valley Business Journal

Business Events Calendar

Business Events throughout the Valleys.

AeroVironment Reports Disappointing Quarter

AeroVironment Inc. fell short of Wall Street expectation on revenue and earnings in the fiscal first quarter as sales of its unmanned aircraft and electric vehicle charging stations dropped off.

IPC Acquires Virginia Doctors Group

IPC Healthcare Inc. has acquired Mid-Atlantic ElderCare PLLC, a doctors group focused entirely on providing medical care to patients of nursing homes and retirement communities, the company announced Tuesday.

California Resources Soars on Higher Oil Prices

Shares of California Resources Corp. gained 13 percent Monday in step with climbing crude oil prices.

Travel Increase Expected for Labor Day Weekend

Local travel is expected to increase slightly during Labor Day weekend, the Automobile Club of Southern California said Monday.

Federal Officials End Cemex Contracts in Soledad Canyon

The Bureau of Land Management told Cemex Corp. on Friday that the agency is terminating two 10-year contracts to mine in Soledad Canyon near Santa Clarita, citing non-performance by the cement company.

FDA Approves Amgen Cholesterol Drug Repatha

Amgen Inc. has received approval to market its cholesterol drug Repatha in the United States.

Salem Rebrands Radio News Program

Salem Media Group will rename its hourly news show for radio stations in conjunction with the blog site Townhall.com, the company announced Friday.

Dole Executives Liable for $148 Million in Buyout Lawsuit

David Murdock, former chief executive of Dole Food Co., and another former executive were ordered to pay $148 million to shareholders Thursday because they breached their fiduciary duties during a buyout.

DreamWorks Chief Brand Officer Resigns

DreamWorks Animation SKG Inc. announced Thursday that its chief global brand officer will step down in December.

Burbank Office Buildings Sold for $80 Million

A two-property office building portfolio off the 5 Freeway in Burbank has traded hands for more than $80 million.

Cherokee Licenses Everyday California Brand

Cherokee Global Brands announced Wednesday it has entered a license agreement with 5 Horizons Group to sell products from its recently acquired brand, Everyday California.

Former Elsevier CEO to Chair Research Solutions Board

Research Solutions Inc. has appointed John Regazzi, formerly chief executive at Elsevier, as non-executive chairman of the board, the company announced Wednesday.

PS Business Park Appoints New President

PS Business Parks Inc. announced Tuesday that Maria R. Hawthorne has been promoted to president, effective immediately.

Encino Man Arrested for Insider Trading

An analyst at J.P. Morgan Securities and two co-conspirators were arrested Tuesday, charged with an insider trading scheme that netted more than $600,000 in illegal profits.

Amgen Seeks Approval for Parathyroid Drug

Amgen Inc. has applied to the Food and Drug Administration for permission to sell etelcalcetide, a treatment for hyperparathyroidism in patients on dialysis, the company announced Tuesday.

Universal Breaks Global Box Office Record

Universal Pictures International has set a new record for the most successful year ever at the global box office for a Hollywood studio.

Two Valley Apartments Sell for $11 Million

Two Valley multifamily complexes located within a mile of each other have sold for a total of $11.2 million. The two buildings, at 6115 Whitsett Ave. in North Hollywood and 13019 Oxnard St. in Van Nuys, comprise 62 total units.

AeroVironment Secures Drone Orders for $47 Million

AeroVironment Inc. has received orders for drones worth $47.1 million, the company announced Monday.

Porter Ranch Office Building Sold

Investor pays $4.9 million for fully-leased Northridge Professional Park at Wilbur Avenue and Rinaldi Street.

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