SFV BUSINESS JOURNAL DAILY NEWS

Skunk Works in Palmdale Starts Work on Quiet Supersonic Jet

Lockheed Martin Corp.’s Skunk Works facility has started producing the first parts for the X-59 quiet supersonic technology aircraft.

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Norms to Open Second Valley Location in 2019

Norms Restaurants, the regional chain of Southern California diners that never, is expanding under its latest ownership, with a new location due in Encino in 2019.

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ServiceTitan Recruits Former Netflix Executive as CFO

ServiceTitan announced Monday it has hired former Netflix Inc. executive David Burt as chief financial officer.

B. Riley to Acquire Majority Stake in New York Finance Company

B. Riley Financial Inc. has agreed to a $22.9 million deal that will give it a majority stake in New York financial services firm National Holdings Corp., the Woodland Hills company announced Monday.

'Space Jam 2' Among Films Qualifying for Tax Credit

“Space Jam 2” from Warner Bros. Pictures was one of 15 film projects picked to receive state tax credits, the California Film Commission announced Monday.

New CEO at Northridge Hospital

Dignity Health has named Paul Watkins as president of the nonprofit’s Northridge Hospital Medical Center.

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Business Events Calendar

Business Events throughout the Valleys.

Southwest Airlines Adds Flights to Burbank

Southwest Airlines will add flights at Hollywood Burbank and Ontario International airports, the company announced Thursday.

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Lancaster Names New City Manager

The Lancaster City Council has named Jason Caudle as the new city manager to replace Mark Bozigian when he retires next month.

Beacon Capital Buys Glendale Office Building for $160 Million

Beacon Capital Partners will buy the 22-story office tower that once served as the U.S. headquarters for Nestlé from Piedmont Office Realty Trust for a reported $160 million, or $303 per square foot.

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Mythical Games Secures $16 Million Investment

Mythical Games, a video game producer in Sherman Oaks, has secured $16 million in Series A funding, the company announced Friday.

Chatsworth Vaping Websites Agree to Customer Age Checks

The Los Angeles City Attorney’s office said Thursday that two electronic cigarette companies in the San Fernando Valley have agreed to keep minors from buying products at their websites.

'Positive Aerospace Market' Grows Revenue at Wesco

Wesco Aircraft Holdings Inc. fell short of Wall Street expectations on adjusted earnings but topped on revenue in the fiscal fourth quarter.

ServiceTitan Secures $165 Million in Venture Funding

Glendale-based ServiceTitan Inc. has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets.

California Credit Union Launches Online Finance Platform

California Credit Union has launched a new platform that lets members manage their finances online, the Glendale institution announced Tuesday.

Disney Signs Game Development Deal With Jam City

Walt Disney Co. has inked a multi-year mobile game development deal with Jam City, the companies announced Wednesday.

Industrial Metal Supply Names President

Industrial Metal Supply Co. has promoted David Pace to be president of the Sun Valley metal distributor.

Marketing Agency Lays Off 82 in Burbank

Merkle Group Inc. is laying off 82 employees from the Burbank location of its digital marketing operations.

Studio City Office Building Sale Sets Per-Square-Foot Record

A renovated Studio City office building has sold for $4.62 million, or $750 per square foot.

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Local Leaders React to Amazon's HQ2 Decision

Area business leaders expressed disappointment and surprise about Amazon.com Inc. not picking Los Angeles as a site for its second headquarters.

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