San Fernando Valley Business Journal

Semtech Tanks on Earnings

Shares in Semtech Corp. dropped more than 10 percent Thursday the day after reporting poor earnings and a $45 million acquisition of a Texas manufacturer.

Briefs: National Technical, American Homes, Studio City Property Sale

National Technical makes acquisition. American Homes declares dividend. Studio City apartments change hands.

Primary Narrows Field for Council Run-Off

The Tuesday primary winnowed the field down to two candidates who will face each other in a run-off election to fill the seat representing Los Angeles City Council District 4.

Year Starts Slow for Home Sales

San Fernando Valley home sales started the year slower than expected and foreclosure rates rose year-over-year for the first time in more than three years, but median home prices climbed 8 percent, according to a report released Tuesday.

Agoura Apartment Sells for $53 Million

The Lexington apartment complex in Agoura Hills has sold for $53 million, a price representing $299,000 per unit.

Briefs: AeroVironment, Ixia, Electro Rent, JMPR

AeroVironment beats income expectations, Ixia secures new credit line, Electro Rent loses a supplier and JMPR signs a new client.

Business Events Calendar

Business Events throughout the Valleys.

Metrolink Engineer Dies

The engineer of the Metrolink commuter train that collided last week with a vehicle on the tracks died early Tuesday.

DTS Shares Jump on Tax News

Shares of DTS Inc. soared 12 percent Tuesday just a day after the company announced it will have to restate earnings for three quarters from last year.

Burbank Media Buildings Put on Market

Three high-profile Burbank buildings with tenants that include Cartoon Network, Turner Broadcasting and MTV Networks have been put on the market for $90 million by their Beverly Hills owner.

Cemex Moving Ahead With Santa Clarita Mine

With a legislative effort having failed to stop a proposed sand and gravel mine in Soledad Canyon, Cemex Corp. is moving ahead with efforts to start work at the Santa Clarita Valley site.

Appeals Court Siding With Wal-Mart in Burbank

A state appeals court panel has issued a tentative opinion in favor of Wal-Mart Stores Inc.’s effort to build a superstore in Burbank.

Study: Amgen Cancer Drug Improves Survival

Amgen Inc. announced on Sunday results from a clinical trial showing that its newly acquired drug Kyprolis is more effective in combating multiple myeloma blood cancer than a conventional treatment.

College of Canyons Names Business Development Officials

College of the Canyons has named two new directors to its economic development division to work with startups, small businesses and manufacturers.

Signature Completes Metal Recycler Acquisition

Signature Group Holdings Inc. announced Friday it has completed the acquisition of Global Recycling and Specification Alloys for $525 million.

Update: Driver in Metrolink Crash Released

The driver of the truck that collided with a Metrolink chain in Oxnard has been released from custody as officials continue to investigate the accident that injured 28 passengers, including three critically.

Atlanta Bank Buys DreamWorks Campus

DreamWorks Animation SKG Inc. has sold its Glendale campus for $185 million to the investment arm of SunTrust Banks Inc., an Atlanta bank holding company, according to a studio regulatory filing on Thursday.

Briefs: Tutor Perini, LTC Properties

Tutor Perini and LTC both miss earnings estimates.

VICA PAC Makes Council Endorsements

The Valley Industry & Commerce Association PAC has endorsed three incumbents from the San Fernando Valley running for re-election to the City Council in the March 3 primary.

Viking to Launch Domestic River Cruises

Viking River Cruises will offer cruises in North America for the first time in 2017 along the Mississippi River.

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