San Fernando Valley Business Journal

Update: Global Warming Lawsuit Hits Ikea

An L.A. environmental group is seeking to halt a planned Ikea in Burbank alleging the project did not undergo a proper review to assess and reduce its impact on global warming.

Leaner Avery Dennison Reports Profit Growth

A slimmer Avery Dennison Corp. on Wednesday announced fiscal first quarter results that were in line with Wall Street expectations for profit, as the company begins to benefit from its restructuring.

Profit Dips at Cheesecake

Cheesecake Factory Inc. said Wednesday that same-store sales rose at most of its outlets during the fiscal first quarter, but poor weather cut into profits.

Valencia Firm Acquired by South African Competitor

NexusIS, a Valencia information technology firm, has been acquired Dimension Data of Johannesburg.

J.D. Power Buys Analytics Firm

Market research firm J.D. Power & Associates announced on Wednesday the acquisition of an online-advertising analytics firm in Florida.

Earnings: IPC, Teledyne, On Assignment

IPC disappoints. Defense cuts hit Teledyne. On Assignment meets forecasts.

Business Events Calendar

Business Events throughout the Valleys.

Amgen Misses Expectations But Plans for New Drug

Amgen reported lower quarterly earnings on Tuesday, but said it plans to submit its experimental cholesterol drug for approval by the end of the year.

Vacant Lot Near Amgen Sells for $1.9 Million

After two decades of failed attempts to construct affordable housing, the city of Thousand Oaks has sold a nearly 8-acre lot to an industrial developer.

Universal Executive to Retire After 47 Years

Universal Pictures announced Tuesday that Nikki Rocco, president of domestic distribution, will retire at the end of 2014 after 47 years with the company.

Valley Aviation Firms Combine

In a cross-Valley combination of aircraft maintenance companies, Velocity Aerospace Group of Burbank has acquired EDN Aviation Inc. of Van Nuys.

Anthem Leads in Covered California Signups

In the race to sign up new customers on the Covered California health insurance exchange, Anthem Blue Cross has emerged as the winner.

Farmers Insurance Sells Wilshire Headquarters

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

L.A. Airport Board Recommends Approval of Palmdale Lease

The Los Angeles Board of Airport Commissioners recommended approval on Monday of a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.

Airport Board to Vote on Palmdale Factory Lease

The Los Angeles Board of Airport Commissioners was scheduled to vote Monday on recommending approval for a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.

Valley Home Prices Climb

San Fernando Valley home prices continued their upward trajectory in March, with the median price gaining nearly 20 percent year over year to $515,000.

Antelope Valley Union Settlement Costs Boeing $47 Million

More than 400 current and former employees of Boeing Co. in the Antelope Valley will receive $47 million as a settlement for not being covered by union representation.

Ixia to Re-Release Quarterly Financials

After identifying various accounting errors, Ixia intends to reissue financial results for two quarters last year, with the expectation of reductions in revenue and profit.

Amgen Heart Drug Wins Fast-Track Status

The U.S. Food and Drug Administration has granted fast-track designation for ivabradine, a heart drug licensed for sale by Amgen Inc.

County Payrolls Grow by Nearly 19,000 Jobs

Employers in Los Angeles County added nearly 19,000 jobs in March, led by a rebound in local government.