SFV BUSINESS JOURNAL DAILY NEWS

American Homes 4 Rent Appoints New CFO

American Homes 4 Rent has appointed Christopher Lau as chief financial officer, effective July 1, the Agoura Hills-based company announced Wednesday.

Disney-ABC Exec to Leave Company

Bruce Rosenblum, president of business operations for Disney-ABC TV Group, will leave the company at the end of this month, according to an internal memo sent by Disney-ABC President Ben Sherwood.

Workers Stage Picket at Providence Tarzana

About 100 employees of Providence Tarzana Medical Center turned out for a picket yesterday to protest what they described as unfair labor practices.

Five Arrested in Valley Health Insurance Fraud

Five people were arrested and charged on Tuesday with conducting a health insurance fraud scheme that involved patients at a pair of medical spas in the San Fernando Valley.

Capstone Sells 1.4 Megawatt System in United Kingdom

Capstone Turbine Corp. has sold a 1.4 megawatt generator to a client in the United Kingdom.

Calabasas Office Building Sells for $11 Million

A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.

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MGA’s Larian Drops Bid for Toys R Us

MGA Entertainment Inc. Chief Executive Issac Larian has withdrawn his offer to purchase hundreds of Toys R Us stores after he was unable to come to terms with the bankrupt retailer’s creditors.

Pizza Shop Owner Sentenced for Tax Evasion

The owner of a Northridge pizza restaurant was sentenced to more than two years in state prison for sales tax evasion.

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Business Events Calendar

Business Events throughout the Valleys.

Valley Transit Projects to Receive Gas Tax Money

The Los Angeles County Metropolitan Transportation Authority will receive more $75 million from the state’s gas tax to help fund improvements to the Orange Line busway, officials said May 18.

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US Nuclear to Sell Chemical Sniffers

US Nuclear Corp. has signed an agreement with a Newbury Park company to receive the non-exclusive rights to sell its chemical sniffers.

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Comcast, Semtech Partner on Smart City Program

Semtech Corp. has partnered with Comcast Corp.’s Internet of Things network service to co-sponsor a program for city government agencies to develop and deploy smart city products and services.

$44 Million Grant to USC Will Fund Cancer Tracking in L.A. County

A nearly half-century old cancer registry managed by USC has received nearly $44 million to track the disease in Los Angeles County for the next 10 years, the university announced Monday.

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.

Business Group Discusses Repeal of State Gas Tax

Business leaders should work to repeal an increase to the state’s gas tax, members of a local group heard Friday morning.

Amgen Migraine Drug Gets FDA Approval

Amgen Inc.’s drug Aimovig has received Food and Drug Administration approval for the prevention of migraines in adults, the first drug of its kind to do so.

Report: MGA Proposed Merger With Mattel

Isaac Larian, chief executive of Van Nuys toymaker MGA Entertainment Inc., last month offered to merge the company with rival Mattel Inc., according to a report by The Wall Street Journal Friday.

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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.

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