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

County Unemployment Rises Despite Job Growth

L.A. County’s unemployment rate rose slightly in September to 5 percent despite relatively strong job growth for the month, state figures released Friday show.

BlackLine Plans IPO for Oct. 28

BlackLine Inc. has scheduled the launch its initial public offering on Oct. 28, according to the Nasdaq IPO calendar.

Logix Headquarters Breaks Ground

Logix Federal Credit Union will break ground Oct. 26 on its new headquarters in the Valencia Commerce Center in the Santa Clarita Valley.

Barragan Resigns From VEDC

Roberto Barragan, 57, has resigned as chief executive of the Valley Economic Development Center Inc., according to the L.A. Daily News.

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.