San Fernando Valley Business Journal

Layoffs Loom at Van Nuys Plant

Clover Imaging Group is eliminating the second shift at its Van Nuys toner cartridge manufacturing plant as the work has been relocated to Mexico.

Sienna Gets Financing

Sienna Biopharmaceuticals Inc. of Westlake Village on Friday announced that it has completed a Series A financing that raised $34 million.

Second Sight Sees Bigger Loss

Second Sight Medical Products Inc. has reported a bigger loss in its first quarter.

Preview: Camarillo Rising

Camarillo is kind of like Ventura County’s middle child, bypassed by housing and retail developers for its bigger, denser neighboring cities to the east and west.

Business Events Calendar

Business Events throughout the Valleys.

Comcast Acquires DreamWorks for $3.8 Billion

Comcast Corp. made it official Thursday that it will acquire DreamWorks Animation SKG Inc. in a deal valued at $3.8 billion.

Amgen Beats First Quarter Forecasts

Amgen Inc. on Thursday reported first-quarter financial results that exceeded Wall Street’s expectations.

UCLA Buys Thousand Oaks Building

The UCLA Board of Regents has bought a Thousand Oaks medical office building that the school's health organization has been renting for about three years at a price of more than $10 million.

St. Jude Medical Acquired for $19 Billion

Abbott Laboratories of Abbott Park, Ill. on Thursday announced it will spend $19.3 billion to buy St. Jude Medical Inc. of St. Paul, Minn., a medical device company with a large manufacturing facility in Sylmar.

Public Storage, PS Business Parks Report Quarterly Growth

Two Glendale real estate investment trusts reported improved results in first-quarter earnings this week.

Mission Valley Bank Reports Record Q1

Mission Valley Bancorp reported record first-quarter profits late Wednesday.

DreamWorks Stock Jumps on Buyout Report

The stock of DreamWorks Animation SKG Inc. soared Wednesday following reports that the Glendale studio had attracted the interest of Comcast Corp.

Avery Dennison Reports Merger, Earnings Surprise

Avery Dennison Corp. on Wednesday announced first quarter earnings that beat expectations as well as an acquisition of a European company with Beverly Hills-based Platinum Equity.

On Assignment Beats Expectations

On Assignment Inc. on Wednesday announced first quarter earnings that beat analysts’ expectations.

Valley Hospital Gets Boost

Valley Presbyterian Hospital has announced that it received a $250,000 grant from the Henry L. Guenther Foundation, which will go toward the hospital’s $8.4 million project to expand its emergency department.

Universal Studios Books Deal with Local Hotels

Universal Studios Hollywood has partnered with more than 20 Los Angeles hotels to roll out its Preferred Hotel Program, the company has announced.

Cheesecake Factory Beats the Street

The Cheesecake Factory Inc. on Wednesday reported first-quarter earnings that beat expectations.

Oak Park Plaza Sells for $12 Million

Oak Park Plaza, a 29,950-square-foot shopping center at 702-706 Lindero Canyon Road in Oak Park, has sold for nearly $12 million, according to Lee & Associates-LA North/Ventura.

Acre Sells for $11 Million in Sherman Oaks

A 1-acre development site in Sherman Oaks has sold to investors for $11.4 million.

Ceres Secures Crop Patents

Ceres Inc. has secured two patents for genetic plant traits that can help increase crop yields, the company announced Tuesday.