SFV BUSINESS JOURNAL DAILY NEWS

Plastic Utensils to Be Restricted

The Los Angeles City Council on Wednesday unanimously passed an ordinance to make disposable utensils and napkins at restaurants available only by request from customers.

Startup Attracts $17M in Funding

Westlake Village startup PureSpectrum this week announced it garnered $17 million in Series B funding from Arthur Ventures, a Minneapolis-based growth equity firm.

New CEO for Software Firm

Business software provider Cforia Software has announced that Karl Florida will succeed founder Chris Caparon as chief executive officer.

Business Events Calendar

Business Events throughout the Valleys.

Amgen Stomach Cancer Drug Earns FDA Breakthrough Status

A stomach cancer drug in development by Amgen Inc. has been granted Breakthrough Therapy Designation by the U.S. Food and Drug Administration.

LAEDC Report ‘Optimistic’ on Economic Recovery

Los Angeles Economic Development Corp. reported indicators of a strengthening economic recovery in the county during its monthly economic briefing.

Lamps Plus Names President

Lamps Plus Inc. has named Clark Linstone as the new president at the retailer of lamps, lighting fixtures and home furnishings.

Patios Expansion at Westfield Valencia Town Center Canceled

Westfield announced it has canceled plans to expand Westfield Valencia Town Center with a 101,000-square-foot Costco and other amenities.

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MannKind Partnership Applies for FDA Approval of Lung, Heart Treatment

MannKind Corp. and United Therapeutics have reached a milestone in their licensing and collaboration agreement, with a new drug application submitted to the U.S. Food and Drug Administration for the partnership’s pulmonary arterial hypertension treatment.

Simi Valley-Built Helicopter Hovers Over Mars

Space helicopter Ingenuity became the first aircraft in history to make a controlled flight on another planet as the craft successfully hovered above the surface of Mars early Monday morning.

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Go-Cart Operator Gains Traction in Thousand Oaks With 10-Year Lease

National go-cart recreation company K1 Speed has signed a lease for 50,000 square feet in the Conejo Valley.

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California Resources Appoints New Board Chair

California Resources Corp. has appointed Tiffany Thom Cepak as the new chair of the company’s board.

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Universal Studios Hollywood Reopens to Public

Universal Studios Hollywood opened for guests to visit the theme park’s rides and attractions, including the all-new “The Secret Life of Pets: Off the Leash!” and “Jurassic World—The Ride.”

FloQast Hires Chief Marketing Officer

Accounting software developer FloQast has named Edward Brice as its chief marketing officer, effective immediately.

Semtech, Vision Metering Grow Utility Market in U.S., Latin America

Semtech Corp. announced this week that Vision Metering LLC has increased its deployment of long-range, low-power wide area network protocol technology in markets in the U.S. and Latin America.

Medtronic Launches Large-Capacity Insulin Pump Technology

Medtronic has launched its diabetes extended infusion set in some European countries.

Simulations Plus Increases Net Income 49 Percent

Drug modeling software company Simulations Plus Inc. beat analyst estimates for its second fiscal quarter, with net income increasing a whopping 49 percent.

Burbank Mixed-Use Building Trades for $2.6 Million

The Hirth Group at Keller Williams transacted the sale of 2221-2225 W. Olive Ave., a 17-unit multi-tenant, mixed-used complex.

Metro Names Stephanie Wiggins CEO

The board of the Los Angeles Metropolitan Transportation Authority last week named Metrolink Chief Executive Stephanie Wiggins as the agency’s next CEO, effective next month.

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Public Storage Buys EzStorage for $1.8 Billion

Public Storage will acquire ezStorage, a chain of self-storage properties in the Washington, D.C. region, for $1.8 billion, the company announced Tuesday.

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