San Fernando Valley Business Journal

Camarillo Center Fetches $54.5 Million

A two-building industrial park in Camarillo has traded hands for $54.5 million.

Amgen Skin Drug Shows Promise

An experimental drug from Amgen Inc. has proven successful in treating moderate to severe psoriasis, the company announced Tuesday.

Simulations Plus Reports Lower Earnings

Simulations Plus Inc. reported lower net income in the fiscal fourth quarter, blaming one-time costs associated with an acquisition.

Business Events Calendar

Business Events throughout the Valleys.

Kinkisharyo to Keep Jobs in Palmdale

Kinkisharyo International reached an agreement on Tuesday with labor and community groups that will keep light rail manufacturing jobs in Palmdale and not take them out of state.

AeroVironment Falls on Sales Slump

AeroVironment Inc. missed analyst estimates on revenue and earnings per share as sales of its unmanned aircraft decreased in the fiscal second quarter.

'Frozen' Replaces Barbie as Top Toy

Shoppers polled for the National Retail Federation’s annual Holiday Top Toys Survey have chosen dolls from Walt Disney Co.’s “Frozen” as their top gift choice for girls.

CSUN Business School Receives Gifts

Cal State Northridge has received an additional $6 million in donations toward its $25 million fundraising campaign for its business school.

Deaths Halt Amgen Drug Trial

Amgen Inc. announced on Monday it has ended two clinical studies on an experimental cancer drug after a preliminary review showed increased deaths among one group of patients.

Report: Valley Home Prices Mixed

Home prices in the San Fernando Valley rose by 12 percent in October compared to a year earlier but were down since September, according to report released Monday by the Southland Regional Association of Realtors.

Tutor Perini Gets Big Dig Settlement

Tutor Perini Corp. and two joint venture partners reached a $88.7 million settlement with the state of Massachusetts over litigation on the “Big Dig” project through central Boston.

Briefs: PS Business, Second Sight

PS Business Parks sells property. Second Sight underwriter exercises overallotment.

L.A. County Jobs Grow in October

Los Angeles County employers added 35,000 jobs to their payrolls in October but that was not enough to reduce the area’s unemployment rate, which held steady at 8 percent, according to state figures released Friday.

Disney Expands Chinese Content Partnership

Walt Disney Co. has expanded its partnership with Shanghai Media Group to create content for the Chinese market, the company announced Friday.

Corporate Briefs: American Homes, Ryland, Public Storage, Wesco

American Homes, Ryland Group and Public Storage raise capital. Wesco CFO retires.

Update: Mann Sells Two Local Biomedical Parks

The Mann Biomedical Park in Valencia and Sylmar Biomedical Park in the San Fernando Valley, both owned by Alfred Mann, have been sold to Intertex Cos. in Valencia with financial backing from L.A. investment firm Oaktree Capital Management.

Update: Amgen Completes Singapore Plant

Amgen Inc. announced on Thursday the completion of its Next-Generation Biomanufacturing facility in Singapore, which it said would provide a model for future plants.

Garcetti Speeding Building Inspections

Acting on a promise to cut bureaucratic red tape at City Hall, L.A. Mayor Eric Garcetti on Thursday announced a measure to speed up building inspections for major projects and restaurants.

PUC Allocates San Onofre Shut-Down Costs

The California Public Utilities Commission on Thursday approved a settlement between utilities and ratepayer advocates over who should pay the $4.7 billion cost to date of shutting down the troubled San Onofre nuclear power plant.

Briefs: Tutor Perini, Wesco, Ceres

Tutor Perini wins contract. Earnings lag at Westco Aircraft Holdings Inc. and Ceres Inc.