Shares of PennyMac Financial Services Inc. jumped nearly 9 percent Monday when prominent investor Leon Cooperman disclosed that his hedge funds owns 22 percent of the residential mortgage lender’s stock.
Glendale startup SnapMD Inc. has raised $175,000 out of $625,000 sought in a private equity offering, according to filings with the Securities and Exchange Commission.
Amgen Inc., through its venture capital arm, has partnered with two other firms to fund biomedical startups with a new $265 million fund.
The 13-building Warner Center Corporate Park has sold for $80 million.
Homebuilder Ryland Group Inc. is raising $250 million in a convertible note offering that started this week.
Financially troubled real estate developer Alan Casden has sold a 276-unit luxury apartment complex he built in Burbank in 2010.
Kythera Pharmaceuticals Inc. beat Wall Street estimates in the first quarter, even as it widened losses due to costs of late-stage clinical trials of its primary pipeline product, an injectable fat-loss drug.
Biotech: Lower costs, improved acuity next hurdles for Second Sight.
BIOTECH: The blind may see after a Sylmar company gets FDA approval for its bionic eye.
Energy: Palmdale sells rights to power facility to private developer.
ENERGY: Palmdale sells the rights to a solar plant for $27.4 million. Good riddance.
Television: Magic Ruby spun off from legendary movie film company.
There are a lot of tech companies flooding the second screen marketplace, but Burbank startup Magic Ruby thinks the industry has room to grow.