San Fernando Valley Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Stepping Out

Shoestores part of Cherokee’s move beyond brandsCherokee makes acquisitions as Target contract nears end.

By Champaign Williams January 25, 2016 midnight   $$ Share

DreamWorks Stock Jumps on Buyout Report

The stock of DreamWorks Animation SKG Inc. soared Wednesday following reports that the Glendale studio had attracted the interest of Comcast Corp.

Avery Dennison Reports Merger, Earnings Surprise

Avery Dennison Corp. on Wednesday announced first quarter earnings that beat expectations as well as an acquisition of a European company with Beverly Hills-based Platinum Equity.

On Assignment Beats Expectations

On Assignment Inc. on Wednesday announced first quarter earnings that beat analysts’ expectations.

Cheesecake Factory Beats the Street

The Cheesecake Factory Inc. on Wednesday reported first-quarter earnings that beat expectations.

NetSol Installs Software for U.K. Financier

NetSol Technologies Inc. has completed a major installation of its financing and leasing software for Aldermore Asset Finance in the United Kingdom.

CrowdGather Debt Swap Opens Door to Equity Finance

Calabasas seller of advertising space on cannabis forums CrowdGather Inc. said it is undergoing a corporate restructuring that includes an agreement with its creditor allowing it to obtain equity financing.

Bank Appoints Manager for Valley Region

First Banks Inc. has appointed a regional manager for its Central Coast and San Fernando Valley locations, the bank announced earlier this week.

County Unemployment Falls, Approaches National Average

L.A. County’s unemployment rate continued its rapid descent in March, falling to 5.4 percent, closing most of the unemployment gap with the rest of the nation.

Cherokee’s Earnings Down but Beat Expectations

Cherokee Global Brands reported quarterly earnings that beat analyst estimates, attributing the gain in part to the recent acquisition of retailer Flip Flop Shops.

Software Firm Reports Earnings Boost

Simulations Plus Inc. reported an increase in net income as well as net revenue for its second fiscal quarter, which the company partly credits to growth in license sales and consulting revenues.

City National Bank Opens New Conejo Valley Office

City National Bank in Los Angeles, a subsidiary of Toronto-based Royal Bank of Canada, announced it has opened an office in Westlake Village to provide wealth management services to individuals and business owners.

Research Solutions Appoints Banker to Board

Research Solutions Inc. has appointed investment banker Chad Cooper to its board, the company announced Wednesday.

Calabasas Insurer Undergoes ‘Strategic Review’

Unico American Corp. on Monday announced that its directors have appointed a special committee to review the company’s strategic alternatives with the ultimate goal of increasing shareholder value.

Unico Reports Widening Loss

Unico American Corp. has reported a widening net loss for the fourth quarter and a million-dollar loss for the full year.

County Unemployment Rate Falls

L.A. County’s unemployment rate fell to 5.6 in February, the lowest it’s been in more than eight years.