San Fernando Valley Business Journal

LTC Raising $24.5 Million

LTC Properties Inc. is raising $24.5 million through a private offering amid a big expansion by the health care real estate investment trust with a strategic partner.

County Job Gains Fail to Lower Unemployment Rate

L.A. County’s unemployment rate remained stuck at 8 percent in November even as employers added nearly 30,000 jobs to their payrolls, mostly in seasonal retail hiring, according to state figures released on Friday.

Growing Health Net Ups Guidance

Health Net Inc. announced new guidance on Thursday that increases its 2015 earnings outlook by 30 percent compared to this year.

Simi Valley Chamber CEO Retiring

After 16 years of service, Simi Valley Chamber of Commerce Chief Executive Leigh Nixon announced on Thursday that she is stepping down this spring.

Briefs: Superior Industries, American Homes, Amgen

Superior Industries names director. American Homes founder buys shares. Amgen ups dividend.

Business Events Calendar

Business Events throughout the Valleys.

Sony Pulls Release of 'The Interview' Following Threats

Sony Pictures decided on Wednesday not to release the controversial film "The Interview” in theaters on Christmas Day.

Tutor Perini Settles Vegas Defect Case

Tutor Perini Corp. has reached a nearly $190 million settlement with the owners of the CityCenter project in Las Vegas over a hotel that never opened due to alleged construction flaws.

Valley Home Services Company Receives $12.5 Million

On-demand home-services provider Serviz received a second round of funding led by a Silicon Valley venture capital firm.

Briefs: Burbank Airport, Orange Line

Burbank Bob Hope Airport hires marketing firm to improve awareness of the airfield's proximity to tourist and business destinations. Metro tests 60-foot buses on the Orange Line.

Hotel Groups Sue L.A. for Minimum Wage Law

Hotel industry groups on Tuesday sued the city of Los Angeles in federal court over the city’s enactment of a minimum wage ordinance.

Founder of El Torito Dies

Larry J. Cano, founder of the El Torito Mexican restaurant chain which started in the San Fernando Valley, died Dec. 10 from cancer.

Woodland Hills Men Charged in $100 Million Ponzi Scheme

Two Woodland Hills men accused of orchestrating a 15-year-long Ponzi scheme that defrauded nearly 2,000 investors of more than $100 million were charged Tuesday.

Briefs: MRV, Signature Group

MRV approves share-repurchase program. Signature Group prices secondary offering.

Federal Appeals Court Upholds Condom Law

A federal appeals court rejected on Monday arguments by adult film production company Vivid Entertainment to strike down the Los Angeles County condom law and instead upheld its key elements.

MRV Names New CEO, CFO

MRV Communications Inc. announced on Monday that Mark J. Bonney was appointed chief executive and president, and Stephen Krulik chief financial officer.

AdRev Acquires Santa Monica Digital Music Firm

YouTube music administrative service AdRev announced on Monday that it has acquired DashGo Inc., a digital-music distribution and marketing firm for record labels, podcasters and recording artists.

Glendale Hospital Workers Join Union

Nurses, technicians and other workers at USC Verdugo Hills Hospital have voted to join the SEIU-United Healthcare Workers West, the union announced on Monday.

Surf Air Expands Service to Oakland

Surf Air started service on Monday to Oakland International Airport, the eighth destination for the local aviation startup that largely serves executives and professionals.

New Valley Commuter Bus Service Starting Monday

Two new Metro commuter bus lines serving the San Fernando Valley will begin service on Monday.