San Fernando Valley Business Journal


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

L.A. Area’s Top Stock? Public Storage

The stock of self-storage company Public Storage (PSA), based in Glendale, has been ranked one of the top-performers in the state over a recent five-year period according to a report released Wednesday by financial technology firm SmartAsset.

Santa Clarita Economic Group Wins Communications Award

The Santa Clarita Valley Economic Development Corp. on Tuesday received a Gold Excellence in Economic Development Award during the International Economic Development Council Annual Conference.

Cal Lutheran Economists Honored for Accurate Predictions

Two Cal Lutheran economists are among the winners of the National Association for Business Economics’ annual Outlook Award competition, the university announced Friday.

PennyMac Opens Mortgage Call Center

Westlake Village mortgage lender PennyMac Financial Services Inc. (PFSI) said it has opened a new call center in Issaquah, Wash., a suburb of Seattle, to expand its direct lending to consumers.

Applied Merchant Systems Merges With BlueSquare

Payment processing service Applied Merchant Systems has merged with BlueSquare Resolutions, an Arizona company operating in the same space.

Economic Report Presents Mixed Picture

It’s all good news in terms of jobs, real estate and income levels for Los Angeles County – but for Ventura County, not so much.

Simi Chamber Selects Leader

The Simi Valley Chamber of Commerce has named Rana Ghadban its new president and chief executive, the Chamber announced Thursday.

Mission Valley Bank Promotes Executives

Mission Valley Bank has promoted two executives to senior vice president positions, the financial institution announced Wednesday.

VEDC Partners on Great Streets Program

Valley Economic Development Center is partnering with the city of Los Angeles on a loan program for businesses in conjunction with the Great Streets Initiative.

Earnings: Interlink, ApolloMed, Tix

Interlink Electronics improves performance, Apollo Medical narrows losses and Tix posts lower revenue from Las Vegas attraction ticket sales.

Earnings Roundup: American Homes, Salem, Wesco, Capstone, MRV

A number of Valley area companies reported earnings Thursday. While several were disappointing, American Homes 4 Rent posted the best results in its three years as a public company and Salem beat earnings expectations.

DineEquity Serves Up Hard-to-Digest Earnings

DineEquity, the Glendale-based operator of Applebee’s and IHOP restaurants, on Wednesday reported a worse-than-expected dip in revenue in the second quarter amid disappointing same-restaurant sales.

Tax Board Offers Help to Sand Fire Victims

The California Board of Equalization is offering business owners affected by the Sand Fire that swept through Santa Clarita last week extensions to file their tax returns, penalty relief and replacement copies of lost or damaged records.

Earnings: LTC, Tutor Perini, Ixia

Ixia beat analyst expectations for the second quarter, while LTC met expectations and Tutor Perini fell short.

In Midst of Buyout, ReachLocal Improves

In what may be its final earnings report as a stand-alone company, ReachLocal on Friday announced a second-quarter net loss that was much narrower than a year ago.