San Fernando Valley Business Journal

Valley Awaits Chivas Decision

The new ownership group for the failed Chivas USA franchise will be announced on Thursday and early reports don’t bode well for the Valley’s effort to have the team located here.

Media Heavyweights Launch ZAG Animation

A new joint venture among high-profile entertainment industry professionals will operate a studio in Glendale to produce animated and hybrid animated-live action feature films.

‘Dragon 2’ Helps DreamWorks Beat Estimates

DreamWorks Animation SKG Inc. posted solid numbers in the third quarter helped by the box office of summer release “How to Train Your Dragon 2.”

Business Events Calendar

Business Events throughout the Valleys.

Amgen Says No Split Up

Shares of Amgen Inc. rose on Tuesday after Chief Executive Robert Bradway rebuffed a call to break up the company and instead announced additional layoffs of up to 1,100 workers and other restructuring to boost profits.

Deerlake Developer to Build 314 Homes

A joint venture between two real estate investment firms has purchased land in the northwest San Fernando Valley to build an upscale residential development that could generate more than half a billion dollars in home sales.

Reports Show Valley Home Sales Slowing

San Fernando Valley home sales were slow in September, according to two separate reports released Tuesday.

Earnings: DineEquity, PS Business Parks, CU Bancorp

DineEquity and PS Business Parks both beat analyst forecasts, while CU Bancorp missed.

Cost-Cutting Helps Amgen Beat Estimates

Amgen posted third-quarter earnings Monday that beat Wall Street estimates, as the company reported strong drug sales and benefited from cost-cutting once restructuring costs were excluded.

Business Groups' Stand on Propositions

Valley-area business groups have issued voting recommendations for the major propositions on the Nov. 4 ballot, including the water bond measure and two propositions related to the health-care industry.

Lancaster Installs Demand-Charge Station for Vehicles

Lancaster has partnered with a Santa Clara company to install an energy-storage system and electric-vehicle charging station as part of its plan to become the nation’s first city that produces as much power as it consumes.

Update: Avery Dennison Reports Third Quarter

Avery Dennison Corp. on Friday reported earnings, as the company was hit by raw material and restructuring costs.

Briefs: Americas United, Glendale Adventist, Sylmar Multifamily

Americas United Bank reports rising assets, Glendale Adventists sells a building and a Sylmar apartment complex trades hands.

Amgen to Lay Off 274

Amgen Inc. will lay off 274 workers in the Seattle area on Dec. 31 and will exit Washington state by the end of next year, the company announced Thursday.

LegalZoom Reaches Sam’s Club Distribution Deal Inc. has joined with Sam’s Club in a strategic sales agreement that will broaden how the Glendale company sells its do-it-yourself legal documents and services.

Management Shakeup at Burbank Post-Production House

Post-production house Modern VideoFilm has been brought in executives for a new management team from a unit of Deloitte Touche Tohmatsu Ltd. that helps turn around troubled companies.

Briefs: Ryland, Teledyne, Interlink

Ryland Group and Teledyne reports earnings, Interlink announces sensor development deal.

CSUN Receives Largest Grant Ever

Cal State Northridge received on Wednesday a $22 million grant to promote diversity in the nation’s biomedical workforce – the largest single grant the school has received.

Board Seeks Brown's Help in Kinkisharyo Dispute

The governing board of the Antelope Valley Air Quality Management District is asking that Gov. Jerry Brown intervene in a dispute threatening Kinkiharyo International from opening a rail car factory in Palmdale.

Customs Service Returns to Van Nuys Airport

Van Nuys Airport announced Wednesday it will begin offering customs clearance and inspection services next year.