SFV FINANCE

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

Forecast: Economic Growth Slowing in California

A chokehold on housing development threatens to knock California from its position as a national leader for economic growth, according to a report published Thursday by the Center for Economic Research and Forecasting at California Lutheran University.

L.A. County Unemployment Rises to 4.8 Percent

L.A. County’s unemployment rate rose to 4.8 percent in August from a historic low of 4.5 percent in July as more people hunted for work while the region’s job creation slowed.

Former Toyota, BMW Execs Join NetSol Advisory Board

NetSol Technologies Inc. has appointed former Toyota Leasing executive Henry Tolentino and former BMW executive Georg Bauer to its advisory board, the company announced Thursday.

Forecast Focuses on Housing Shortage

Los Angeles and Ventura counties lag in meeting the state’s housing demands, and they better catch up or the state may intervene, economist Mark Schniepp said at the annual conference on the health of Ventura and the neighboring county.

AFEX Enables Money Transfers to India

AFEX has partnered with Oxigen USA to provide money transfers to U.S. businesses operating in India, the companies announced.

Disney Funds Musicals in Schools

Walt Disney Co. has awarded Los Angeles Music Center resident company Center Theatre Group a $100,000 grant to bring the Disney Musicals in Schools program to the Los Angeles area.

L.A. County Unemployment Inches Up

The unemployment rate in Los Angeles County inched up to 4.5 percent in July from a revised 4.4 percent in June, the state Employment Development Department reported Friday.

FilmTrack Secures $5.5 Million in Venture Capital

Entertainment industry technology company FilmTrack has received $5.5 million in series C funding from Insight Venture Partners.

Earnings: LTC Properties, Capstone Turbine

LTC Properties reports profitable quarter, Capstone Turbine has a loss.

Earnings: Salem Media, B. Riley, MannKind

Salem Media income falls, B. Riley revenue triples and MannKind posts another loss.

PennyMac Performance Disappoints

PennyMac Financial Services Inc., the non-bank mortgage lender in Westlake Village, disappointed Wall Street Thursday.

Crednology to Buy Cloud Company

Crednology Holding Co. announced Tuesday it plans to acquire a company that provides cloud computing based services.

VEDC Loses Chief Executive

Two executives at the Valley Economic Development Center are no longer with the organization, the Business Journal has confirmed.

On Assignment Misses Q2 Estimates

On Assignment Inc. increased its earnings and revenue in the second quarter but still fell short of analyst expectations.

L.A. County Unemployment Holds at 4.4 Percent

L.A. County’s unemployment rate remained unchanged in June from May’s record low 4.4 percent as a seasonal drop in education payrolls offset modest hiring in other sectors.

Prev