SFV FINANCE

Pot Bank Bill Moves to Assembly

A bill that will allow cannabis business owners to start a limited charter bank moves to the California Assembly following its passage this week in the Senate.

L.A. Chamber Selects Maria Salinas as CEO

The Los Angeles Area Chamber of Commerce on May 30 announced its board has named local finance executive Maria Salinas as its first woman chief executive in its 130-year history.

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Taxes, Regulation, Housing Top Business Issues Per BizFed Survey

A survey of more than 700 business leaders in L.A. County found that taxes, government regulation and housing are their top concerns.

Foreign-Owned Companies Increase in L.A. County

The number of foreign-owned enterprises increased by almost 5 percent in Los Angeles County in 2017 but the number of people employed and the estimated wages paid by those companies declined year-to-year, according to a report released May 18.

Armenian Nonprofit to Rehab Defunct Fire Station

Glendale-based Armenian Cultural Foundation plans to convert a defunct, single-story Encino fire station into a cultural center.

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L.A. County Unemployment Rate Dips to 4.4 Percent

L.A. County’s unemployment rate dipped to 4.4 percent in April after three straight months at 4.5 percent as local employers added a modest 5,000 jobs to their payrolls, according to state figures released Friday.

B. Riley Raises $97 Million for MagicJack Purchase

B. Riley Financial Inc. has raised nearly $97 million in a senior note placement, the company announced Thursday.

Steve Allen Awards Honor Schools, Students and Educators

The Valley Economic Alliance recognized Valley schools, students and educators that have earned national honors at the organization’s board of governors meeting Wednesday night in Van Nuys.

Valley Economic Forecast: Sunny With Higher Growth

Forecasters have upgraded their predictions for the San Fernando Valley during 2018, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, announced Wednesday at a breakfast organized by the Business Journal.

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CyberCoders List Top In-Demand Tech Jobs

CyberCoders, a subsidiary of Calabasas information and technology recruiter ASGN Inc. (formerly On Assignment Inc.), has released a report on the top 10 most in-demand tech jobs this year.

Canoga Park Apartment Complex Sells for $17.6 Million

The Park Place apartment complex at 8700 De Soto Ave. in Canoga Park has sold for nearly $17.6 million, according to the Encino office of brokerage Marcus & Millichap Inc.

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Tarzana Multifamily Trades for $11.3 Million

A 52-unit apartment complex at 6251-6267 Reseda Blvd. in Tarzana has traded hands for nearly $11.3 million, or $216,346 per unit.

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Earnings: Tix, ImmunoCellular

Losses grow at Tix Corp. while ImmunoCellular Therapeutics Ltd. narrows its losses.

Earnings: NetSol, Sienna Biopharmaceuticals

NetSol reports profitable quarter while Sienna Biopharmaceuticals has a loss.

B Riley Shares Climb 7 Percent on Quarterly Results

B. Riley Financial Inc. reported adjusted first quarter earnings of $8.8 million, or 32 cents a share, the Woodland Hills financial services firm announced Monday.