San Fernando Valley Business Journal

Mattel Earnings: Playtime Over

Mattel Inc.’s interim chief executive told investors on Friday the toymaker will make needed changes “with a heightened sense of urgency” as the company reported weak sales and earnings for the final quarter of last year.

Briefs: IPC, Signature Group, Capstone

IPC acquires Florida doctors group. Signature Group prices offering. Capstone Turbine announced order.

Business Events Calendar

Business Events throughout the Valleys.

Valley Duo Accused of Insurance Fraud

Two Valley residents suspected of leading an insurance fraud ring were arrested Thursday along with 13 others for allegedly staging auto collisions and filing for half a million dollars in bogus claims.

AHF Demands County Enforce Condom Law

The AIDS Healthcare Foundation sent a letter this week to Los Angeles County officials asking that the county begin enforcing mandatory condom usage for adult film shoots – or face legal action.

Ryland Group Beats Street

Ryland Group Inc. reported fourth-quarter and full-year earnings on Thursday that beat Wall Street estimates as the company benefited from higher home sales and pricing.

Briefs: Teledyne, Nickelodeon

Teledyne Technologies beats net income estimates. Nickelodeon to launch online programming.

OSI Closing Camarillo Plant

Hawthorne manufacturer OSI Systems Inc. will vacate its Camarillo plant by April 30 to consolidate operations at its headquarters, company officials reported to the state’s Employment Development Department earlier this month.

Sears Will Close at Westfield Topanga

The Sears store at Westfield Topanga will close in May – the second major closing of an anchor store at a Westfield Group mall in the West Valley this month.

Disney Doubles Down on Accelerator

Walt Disney Co. is looking for tech startups to participate in its second Disney accelerator program.

L.A. Hotels Seek to Halt Wage Law

Two trade groups representing large hotels in Los Angeles announced they have filed for a preliminary injunction to block the city from implementing its law raising hotel wages until their lawsuit against the city is resolved.

Amgen Earnings Top Wall Street

Amgen Inc. reported fourth-quarter and full-year financial results on Tuesday that topped analysts’ estimates as the company reaped the benefits of previously announced layoffs, a tax credit and strong drug sales.

T.O. Shopping Center in $109 Million Portfolio Deal

Park Oaks, a Thousand Oaks retail center, has changed hands as part of a $109 million portfolio sale of three shopping centers.

Disney Launches 'Frozen' Cruises

This summer travelers can spend time with Elsa, Anna and other characters from the hit animated film “Frozen” on Disney Cruise Lines.

Mattel's Chief Executive Resigns

Toymaker Mattel Inc. announced Monday that Bryan Stockton has resigned as chief executive and Christopher A. Sinclair, who has served on the toy company’s board since 1996, is the new chairman and interim chief executive.

Cynvenio Signs Distribution Deal

Cynvenio Biosystems Inc. has signed an agreement giving Thermo Fisher Scientific the right to sell its LiquidBiopsy technology.

DreamWorks Shares Fall on Restructuring

Shares in DreamWorks Animation SKG Inc. dropped nearly 8 percent on Friday, the day after announcing a restructuring of the feature film division that includes 500 layoffs and scaling back the number of movies released.

Preview: Post Office Project Not Delivering

Amcal Multi-Housing Inc. ran into a firestorm of questions this month from residents concerned about its plan to redevelop the Woodland Hills post office site with 335 luxury apartments.

Preview: Desert Development in the Antelope Valley

When it comes to industrial and office development in the Antelope Valley, Lancaster and Palmdale have had their share of home runs - but whiffs as well. We run down the action in our fourth quarter real estate special report.

L.A. County Unemployment Under 8 Percent

L.A. County’s unemployment rate fell to 7.9 percent in December, the first time it was below 8 percent since mid-2008, state figures released Friday show.

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