San Fernando Valley Business Journal

Dole Files to Go Public

Dole Food Co. Inc. filed on Tuesday with the Securities and Exchange Commission to sell shares of its common stock to the public.

Valley Home Prices Climb 13 Percent

The price of single-family homes sold in the San Fernando Valley may have reached a record high in March, according to the Southland Regional Association of Realtors Inc.

Tire Center Leases Studio City Space

National automobile service chain Tire Centers is expanding to Van Nuys with a new location, according to Hudson Commercial Partners Inc. in Studio City

Northridge Man Indicted in Investment Fraud

A 63-year-old Northridge man was indicted Monday for his role in a $2.5 million investment fraud scheme, according to the U.S. Justice Department.

Mission Valley Bank Reports Strong Quarter

Mission Valley Bancorp had strong earnings in the first quarter, which was partially attributed to the sale of small business loans on the secondary market.

Business Events Calendar

Business Events throughout the Valleys.

Amgen Expands Novartis Collaboration

Amgen Inc. of Thousand Oaks announced Monday the expansion of its commercial collaboration with Swiss pharma company Novartis International for migraine medication erenumab.

Online Analytics Firm Joins ReachLocal

Gannett Co. Inc. has acquired Canadian online marketing firm SweetIQ Analytics Corp. and will make it part of its ReachLocal business in the San Fernando Valley.

B. Riley to Manage Hedge Funds

B. Riley Financial Inc. will take over the management of Dialectic Capital Management hedge funds, the Woodland Hills finance company announced Monday.

Great American to Liquidate Bebe Stores

Women’s apparel retailer Bebe Stores Inc. will close all of its retail stores before the end of the third quarter, according to Securities and Exchange Commission filings. Liquidation firm Great American Group, a subsidiary of B. Riley Financial Inc. in Woodland Hills, will oversee the sale of Bebe’s assets in conjunction with Tiger Capital Group.

Wi-Fi Supplier Xirrus Acquired

Wireless networking equipment manufacturer Xirrus Inc. has been acquired by Riverbed Technologies, a San Francisco technology firm.

Sherman Oaks Apartment Project Proposed

A developer has plans to build a new 300-plus unit apartment complex with commercial space on Ventura Boulevard in Sherman Oaks, according to a marketing brochure by commercial brokerage CBRE Group Inc.

Cheesecake in Canada

Cheesecake Factory Inc. will expand into Canada later this year with a restaurant in Toronto, the Calabasas company announced.

Simulations Plus Signs Indian Distributor

Simulations Plus Inc. has signed a distribution deal in India with pharmaceutical testing equipment manufacturer Electrolab India Pvt. Ltd.

Newhall Hospital CFO to Retire

C.R. “Bob” Hudson, chief financial officer and senior vice president at Henry Mayo Newhall Hospital, will retire in July, the Valencia health care facility has announced.

Capstone to Partner on Plasma Technology

Capstone Turbine Corp. has partnered with FGC Plasma Solutions to test a new plasma-assisted fuel injection technology for its C65 microturbines.

Princess to Pay $40 Million Pollution Fine

Princess Cruise Lines Ltd. was sentenced Wednesday to pay $40 million, the largest-ever fine for deliberate vessel pollution, according to the U.S. Justice Department.

California Resources Partnership to Drill Wells

California Resources Corp., the state’s largest oil and gas producer, has announced a second partnership to develop its existing oil and gas wells in the state.

Great American, KKR Arranges Credit for Sears Canada

Great American Capital Partners, a subsidiary of B. Riley Financial Inc. in Woodland Hills, and KKR Capital Markets have agreed to provide a secured loan to Sears Canada for about $220 million.

Former Andy Gump CEO Dies

Barry Gump, retired president of Santa Clarita portable restroom firm Andy Gump Inc., has passed away at the age of 74.

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