San Fernando Valley Business Journal

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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Amgen Stock Rises on Drug Application

The stock of Amgen Inc. rose more than 2 percent Wednesday following an announcement that the Thousand Oaks biotechnology firm has applied for the Food and Drug Administration’s approval to broaden the range of disease conditions that can be treated with its leukemia drug Blincyto.

Canoga Park Firm Branches into China

US Nuclear Corp. has opened an office in Beijing to better pursue opportunities to sell its air and water monitoring products in that country.

Earnings: Capstone, Point.360

Capstone Turbine Corp.’s beat analyst expectations despite a substantial loss.

Wesco Falls Short in Quarter

Wesco Aircraft Holdings Inc. missed analyst expectations on earnings and revenue for the fiscal first quarter.

Avery to Acquire Yongle Tape for $190 Million

Pressure-sensitive materials and label provider Avery Dennison Corp. in Glendale will acquire Chinese specialty tape manufacturer Yongle Tape Co. Ltd., the companies announced on Monday.

BYD Workers Choose Union Representation

Employees at BYD Motors Inc. in Lancaster voted to recognize the International Association of Sheet Metal, Air, Rail, and Transportation Workers as their representative in negotiations with the company.

Taitron Declares First Dividend

Taitron Components Inc. will begin issuing this month its first ever dividend for shareholders, the company announced.

Teledyne Rises on Strong Fourth Quarter

Teledyne Technologies Inc. beat Wall Street estimates on earnings and revenue for the fourth quarter.

Stock Leaps on Avery Dennison Earnings

Avery Dennison Corp.’s stock shot up Wednesday after it reported that it beat Wall Street expectations for the fourth quarter.

Amgen Promises Trump 1,600 Jobs

President Donald Trump met with pharmaceutical chief executives Tuesday, including Amgen Inc.’s Robert Bradway, who promised to add 1,600 jobs, according to a tweet from White House Press Secretary Sean Spicer.

Planning Commission Keeps Animal Rescue Open

Woodland Hills animal shelter Rockin’ Rescue and its 80 current resident animals have a second chance, thanks to a recent decision by the South Valley Area Planning Commission.

City, County Officials Seek Answers About Aliso Canyon

Los Angeles City and county officials have submitted motions endorsing a state legislative bill to prohibit gas injection at Aliso Canyon until the last year’s leak is explained.

Court Blocks Competitor to Amgen's Repatha

Amgen Inc. has successfully blocked Regeneron Pharmaceuticals Inc. and Sanofi from selling a competitor to its cholesterol drug Repatha.

Galpin Rocket Car Returns to Production

Galpin Motors announced Thursday that the sports car VLF Rocket V8, formerly known as the Galpin Rocket, is in production at a Michigan speed shop.

Amgen Seeks Japan's OK for Osteoporosis Drug

Amgen Inc. on Monday announced that it has filed for market approval for its osteoporosis drug romosozumab in Japan.