SFV BUSINESS JOURNAL DAILY NEWS

Jenner’s Big Sale Faces Big Tax Bill, Too

When entrepreneur and reality star Kyle Jenner agreed to sell a 51 percent stake in her Oxnard-based beauty company for $600 million to Coty Inc., she also put herself in position to pay more than a third of that money in taxes, according to a report from Fox Business.

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New, Roomier Offices for Cruise Company

AmaWaterways, headquartered at 26010 Mureau Road in Calabasas, on Wednesday signed a 50,000-square-foot office lease at The Park Calabasas.

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Galpin Displays at Auto Show

Galpin Auto Sports was among the exhibitors taking part in Automobility LA this week at the Los Angeles Convention Center, the conference of transportation professionals and news media that precedes the Los Angeles Auto Show.

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California Resources’ Stock Recovers a Bit After Tuesday Shock

The stock of California Resources Corp., the state’s largest independent oil and gas producer, bounced back somewhat on Wednesday after taking a drubbing one day earlier when Gov. Gavin Newsom imposed new regulations on hydraulic fracking and steam-injected oil drilling in the state.

Business Events Calendar

Business Events throughout the Valleys.

Private-Label Manufacturer Blue Cross Labs Acquired

Blue Cross Laboratories in Santa Clarita has been acquired by Starco Group of Santa Monica.

New NetSol Executive to Focus on Europe

NetSol Technologies Inc. has appointed Chris Mobley as the new head of its NFS Ascent Wholesale operation in Europe.

HemaCare Launches Bone Marrow Product Line

HemaCare Corp., a provider of human blood and immune cells for medical therapies and research based in Northridge, has expanded its product line to include special types of bone marrow.

Kylie Jenner Sells Stake in Cosmetics Firm for $600 Million

New York-based Coty Inc. will pay $600 million for a 51 percent share of Kylie Jenner’s beauty business, including Kylie Cosmetics and Kylie Skin in Ventura County.

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Avita Medical Names New CFO

Avita Medical has named David McIntyre as the company’s new chief financial officer.

Teledyne Sells Seismic Instruments to Norwegian Marine Company

A division of Teledyne Technologies Inc. has received a contract to supply seismic source controllers to PGS ASA, a Norwegian marine geophysical company.

Eight Glendale Warehouses Sell for Nearly $26 Million

Pacific States Box & Basket Co. Inc. has sold a portfolio of eight Glendale industrial buildings totaling 131,050 square feet for $25.5 million.

Valley’s SRG Merges into Squar Milner Accounting Firm

Squar Milner, one of the largest independent accounting firms in California, announced Friday that it will be combining with Woodland Hills-based SRG, making Squar Milner the third largest accounting firm in the San Fernando Valley area.

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AeroVironment Secures $12 Million Contract with Middle Eastern Country

AeroVironment Inc. has received a $12 million contract from a Middle Eastern country to supply spare parts, repair services and logistics support for an existing fleet of Puma and Raven unmanned aircraft.

'Babylon,' 'Little Shop of Horrors' Among Films Awarded Tax Credits

The big-budget feature “Babylon” and a remake of “Little Shop of Horrors" were among 13 films to receive tax credits from the state, the California Film Commission.

Developer Seeks to Clear Panorama City Warehouses for 239 Senior Units

USA Properties Fund Inc. has proposed to replace 2.2 acres of industrial facilities in Panorama City with 239 units of senior apartments.

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Economist Recommends Housing to Correct Ailing Ventura County Economy

Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University, shared his annual breakdown of the dynamics affecting the economy on the national, state and Ventura County levels.

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LADOT Buys 130 Electric Buses From BYD

The Los Angeles Department of Transportation has ordered 130 electric buses from BYD Motors Ltd., the Chinese electric vehicle manufacturer.

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Santa Clarita Bank Proposes Stock Split

The Bank of Santa Clarita on Thursday announced a proposed three-for-two stock split of its common stock.

Qualstar Develops Data Storage Product With Sony

Qualstar Corp. announced Thursday it has developed a prototype enterprise class library product with Sony Imaging Products & Solutions Inc.

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