Valley Business Interests Oppose Airport Curfew
Business and aviation interests in the San Fernando Valley are organizing their response to legislation proposed by two federal lawmakers for mandatory curfews at Van Nuys and Burbank Bob Hope airports.
Santa Clarita Valley Economic Chief Resigns
Jonas Peterson, chief executive of the Santa Clarita Valley Economic Development Corp., has resigned
Wesco Secondary Offering Sells Out
Underwriters are exercising an option to purchase an additional 2.25 million shares in Wesco Aircraft Holdings Inc. in a secondary offering from the company’s largest shareholder, the Carlyle Group.
Carlyle Expands Wesco Purchase Plan
Underwriters are exercising an option to purchase an additional 2.25 million shares in Wesco Aircraft Holdings Inc. in a secondary offering from the company’s largest shareholder, the Carlyle Group.
Business Events Calendar
Business events happening throughout the greater Valley area
DTS Signs Deal With Chinese Car Maker
DTS Inc. will supply surround-sound technology for four models of vehicles made by Chinese auto manufacturer BYD Co. Ltd.
MannKind Shares Continue Surge
Shares of Valencia biopharmaceutical company MannKind Corp. continued to rise Thursday on speculation that the company may be headed for acquisition.
Garcetti Victory Tied to Surprising Strength in Valley
The final vote count shows Los Angeles’ next mayor won the race based on a surprisingly strong performance in the San Fernando Valley.
Garcetti Wins Mayor’s Race, Valley Vote Split
Eric Garcetti is L.A.’s next mayor, defeating City Controller Wendy Greuel in Tuesday’s runoff election. Garcetti garnered 53.9 percent of the city-wide vote, but San Fernando Valley voters were split nearly evenly between the candidates. Pollsters had predicted that Greuel would need the Valley vote to defeat Garcetti.
Airport Curfew Law Reintroduced
Two San Fernando Valley lawmakers have reintroduced a bill on Wednesday to allow Van Nuys Airport and Burbank Bob Hope Airport to adopt mandatory nighttime curfews on flights.
Sprouts grocery store opens in West Hills
A new mid-sized grocery store from Sprouts Farmers Market LLC has opened in the Fallbrook Center in West Hills.
ESPN Announces Layoffs
Cable sports network ESPN will lay off about 400 workers as part of cost-cutting efforts by parent company Walt Disney Co. of Burbank.
Valley Voters Head to the Polls
San Fernando Valley voters headed to the polls today to choose a new mayor – both with strong ties to the area.
Ontic to Supply Curtiss-Wright Parts
Local aerospace supplier Ontic has signed a licensing agreement with Curtiss-Wright Controls Integrated Sensing to supply parts for cockpit controls used on commercial, business and military aircraft
KPMG Conspirator Pleads Guilty
Bryan Shaw, a San Fernando Valley businessman, pleaded guilty Monday for insider trading on stocks in conspiracy with a former partner at the downtown Los Angeles office of accounting firm KPMG
Carlyle Selling Shares of Wesco Aircraft
Carlyle Group, the largest investor in Wesco Aircraft Holdings Inc., is selling off a portion of its holding through a public offering of 15 million shares of common stock.
PennyMac Shares Jump on Investor News
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 Raises Money
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.
Unemployment Rate Falls in Valley-Area Cities
Cities in the greater San Fernando Valley reported significant drops in their April unemployment rates as the California economy picked up, and state and county unemployment fell to its lowest point since 2008.
Burbank, Glendale Receive AAA Credit Ratings
A strong local economy and steady tax base growth contributed to the cities of Burbank and Glendale receiving an AAA credit rating from Standard & Poor’s Rating Service.
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