San Fernando Valley Business Journal

Hasbro Expands Burbank Presence

Hasbro Inc. recently doubled its leased space in Burbank to roughly 80,000 square feet.

Acquisition Boosts Revenue at American Homes

Single-home renter American Homes 4 Rent saw profit and revenue jump during the first quarter thanks to its purchase of a competitor.

California Resources Quarterly Loss Totals $100 Million

California Resources Corp. suffered massive losses during the first quarter, yet still managed to beat Wall Street expectations on earnings.

Both PennyMacs Report Sour Quarter

The two PennyMac companies of Moorpark on Thursday reported down quarters.

Healthy Economy Helps Marcus & Millichap

Calabasas’ fast-growing commercial real estate brokerage business Marcus & Millichap Inc. ended its first quarter with a double-digit jump in profit and a new chief executive.

Wesco Results: Better Than Expected

Wesco Aircraft Holdings Inc. beat Wall Street expectations on earnings but fell a bit short on revenues.

Business Events Calendar

Business Events throughout the Valleys.

Tutor Perini Shares Leap After Surprise Report

The stock of Tutor Perini Corp. soared more than 26 percent Thursday following its earnings report that crushed Wall Street’s expectations.

DineEquity Drops on Down Report

DineEquity Inc. on Thursday reported first quarter earnings and revenues that fell well short of analysts’ forecasts. The company’s stock dropped nearly 3 percent on a day when the overall markets declined only slightly.

DreamWorks Reports Dreamy Quarter

DreamWorks Animation SKG Inc. beat Wall Street expectations on revenue and earnings in the first quarter on the strength of television and new media.

Entertainment Business Consolidates in Sun Valley

Entertainment industry rental business SirReel Studio Rentals has leased 100,000 square feet of warehouse and exterior space in Sun Valley to merge several locations into one, according to L.A.-based CBRE Group Inc.

Amgen May Join Fray to Buy Cancer Therapy Firm

Amgen Inc. reportedly is considering a bid to purchase cancer therapy company Medivation Inc. of San Francisco.

Teledyne’s Down Quarter Still Beats Street

Teledyne Technologies Inc. beat Wall Street estimates in earnings in the first quarter while falling short on revenue.

B. Riley Buys United Online

Internet service provider United Online Inc. is being acquired by Los Angeles investment firm B. Riley Financial Inc. in a deal valued at $170 million.

Santa Clarita Shopping Center Sells

The Bouquet Center in Santa Clarita has been bought by San Diego real estate investment trust Retail Opportunity Investments Corp. for $59 million, the company confirmed.

Salem Misses on Earnings

Salem Media Group Inc. on Wednesday reported quarterly earnings that fell short of Wall Street expectations even though the company had a sizable increase in revenues due to the political season.

Bob Hope Airport Changes Nickname

The Burbank-Glendale-Pasadena Airport Authority selected “Hollywood Burbank Airport” as the new brand identity for Burbank’s Bob Hope Airport, the agency announced Tuesday.

Senior Housing REIT Beats Expectations

LTC Properties Inc., which provides senior housing and invests in health care properties, reported first-quarter earnings that beat analysts’ expectations.

Ixia Earnings Top Estimates

Technology component company Ixia on Tuesday announced first-quarter earnings that beat Wall Street estimates.

ReachLocal Meets Street Expectations

ReachLocal Inc. met analyst expectations in the first quarter, based on results announced Tuesday.

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