San Fernando Valley Business Journal

Metro Board Approves Light Rail Study

The board of the Los Angeles County Metropolitan Transportation Authority unanimously approved Thursday doing a feasibility study on converting the Orange Line busway into a light rail line.

FDA Agrees to Review Rival Neupogen Drug

The Food and Drug Administration accepted an application on Thursday by a rival drug maker to approve a copy-cat version of Neupogen, one of the biggest money-makers for Amgen Inc.

Layoffs at St. Jude Medical

St. Jude Medical Inc. will lay off up to 270 employees at its Sylmar heart-device manufacturing facility following a corporate restructuring.

Simulations Plus Acquires Competitor

Simulations Plus Inc. announced on Thursday a $7 million acquisition of a New York company that helps drug makers seek approval for their products.

DreamWorks Heads to the Mall

DreamWorks Animation SKG Inc. has created holiday attraction that will debut later this year at seven malls around the country, the company announced Thursday.

Briefs: Teledyne, Mission Valley

Teledyne reports mixed earnings. Mission Valley joins OTCQX.

Metro Board to Decide Light Rail Plan

The board of the Los Angeles County Metropolitan Transportation Authority will take up on Thursday the question of whether to conduct a feasibility study on converting the Orange Line busway into a light rail line.

Alarcon Convicted of Voter Fraud

Former Los Angeles City Councilman Richard Alarcon and his wife were convicted Wednesday of voter fraud and perjury in a case involving allegations they lied about their residence in order for him to qualify for office.

Calabasas Biotech Signs License Agreement

ArmaGen, a private biotech firm, has signed a licensing agreement to fund development of AGT-182, an investigational enzyme to treat degenerative nerve disorder Hunter syndrome.

Film Tax Program Should Expand, Study Finds

Demand for film and television tax credits in California exceeds the supply resulting in the state losing out as those productions head elsewhere to film, a study released Wednesday by the California Film Commission concluded.

Briefs: Guitar Center, Cheesecake Factory

Guitar Centers opens in Times Square, Cheesecake Factory reports quarterly earnings.

Provision Deal Will Put 3D Kiosks in Stores

Provision Interactive Technologies Inc. will receive up to $50 million to bring its 3-D holographic kiosks to retail stores, starting with a national pharmacy chain, the company announced Tuesday.

Time Warner Board Tightens Bylaws

The board of directors at Time Warner Inc. made a change Monday to the company’s bylaws to prevent potential hostile takeovers by dissident shareholders.

Bribes Send Bank Employee to Prison

A former Bank of America employee in Simi Valley received 30 months in federal prison on Monday for approving artificially low prices for property short sales in exchange for $1.2 million in bribes.

Metro Railcar Assembly Starts in Palmdale

The first light-rail vehicle from Japanese transit manufacturer Kinki Sharyo Co. Ltd. arrived this month and was delivered to the final assembly plant in Palmdale.

Briefs: Exelis, Bank of Santa Clarita, United Online

Exelis receives Saudi contract. Bank of Santa Clarita reports earnings. United Online appoints board member.

Local Venture Capital Investment Skyrockets

L.A. County companies raised $472 million in venture capital in the second quarter, a 52 percent increase from the prior quarter, according to the latest Money Tree Report released Friday.

L.A. County Unemployment Rate Falls

The unemployment rate fell to 8.1 percent in June as employers added 4,800 jobs, according to figures released Friday.

Update: Six Flags’ Ninja Cleared to Reopen

Following an accident that injured four riders last week, Six Flags Magic Mountain’s Ninja roller coaster was cleared to reopen Friday.

Briefs: AmaWaterways, Fireman's Brew

AmaWaterways debuts three ships. Fireman's Brew enters Michigan market.