San Fernando Valley Business Journal


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

Up in Smoke For Pot Firm?

Investments: GrowLife trades halted by manipulation fears.Investments: An SEC-imposed halt in trading could wither GrowLife’s prospects.

By Elliot Golan April 21, 2014 midnight   $$ Share

Conejo Valley Insurance Agent Arrested

A Newbury Park insurance agent was arrested Thursday for allegedly running a commission scam by signing up more than 20 people for multiple life insurance policies without their knowledge, according to the California Insurance Department.

County Unemployment Drops in October

L.A. County’s unemployment rate fell last month to 6.1 percent as the county added 38,000 jobs, state figures released Friday show.

L.A. County Creates Minimum Wage Enforcement Agency

Los Angeles County Supervisors voted Tuesday to set up a new division to enforce the new minimum wage law, the Los Angeles Times reported.

PennyMac Financial Narrowly Misses Estimates

PennyMac Financial Services Inc. narrowly missed analyst expectations for net income and revenue Thursday.

PennyMac Increases Earnings, Revenue

PennyMac Mortgage Investment Trust on Wednesday reported higher revenue and net income for the third quarter.

PS Business Parks Beats Forecasts

PS Business Parks narrowly beat Wall Street expectations for funds from operations in the third quarter.

Mission Valley Bank Reports Strong Quarter

Mission Valley Bancorp posted strong results in the third quarter and is on pace for a record year, it announced Friday.

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Low Rent High Life

Vacation club tries Costco approach to luxury

Tourism: Bellazo finds an inexpensive entry to luxury vacation home rentals.

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Apollo Climbs Industry Peak

Health Care: Glendale doctors manager expands under reform.

Health Care: Apollo Medical Holdings reinvents itself as a Medicare provider.

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Credit Union Shreds to Impress

Institution seeks to attract customers by destroying documents.

Banking: Why credit unions love paper-shredding parties.

Telecommunications Company Fails to Connect

Technology: MRV is back on the Nasdaq, but shares have dipped since listing.

Technology: MRV Communications regains a listing on Nasdaq.

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Simi Valley Set to Join Race for Visitor Dollars

Marketing: City could be latest to assess hotel fee to form tourism district.

Simi Valley is close to joining the growing list of local cities to establish a tourism business improvement district, or TBID.

Decision Near on Low-Cost Mediation Service

Litigation: Proponents want funds to start service for firms and individuals.

Plans to launch a low-cost mediation service for Valley attorneys have entered the home stretch toward becoming reality.

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Life After Leno

Sure, it was a blow when ‘The Tonight Show’ moved to New York, but developer Jeff Worthe has big plans for the Media District, where he owns millions of square feet.

Development: Despite vacancies, Burbank’s Media District readies for a rebound.