San Fernando Valley Business Journal

Amgen Beats Expectations

Amgen Inc. on Wednesday reported second-quarter financial results, exceeding Wall Street’s expectations.

Earnings: On Assignment, Avery Dennison, PS Business Parks

Revenue increased 25 percent at On Assignment, shares of Avery Dennison gain, and PS Business Parks missed expectations.

Business Events Calendar

Business Events throughout the Valleys.

Frustration Boils Up at Minimum Wage Workshop

Frustration, or perhaps desperation, broke into the open Tuesday afternoon when city and county officials tried to explain new minimum wage ordinances to Valley-area business operators who said they were exasperated with the suddenness, complications and expense of the new rules.

Former Van Nuys Hotel Site Sold

The site of the former Voyager Motor Inn in Van Nuys has been sold to an apartment developer, according to New York commercial real estate brokerage Berkadia.

Web Security Firm Acquires MaxCDN

Content delivery network MaxCDN of Studio City has been acquired by web security startup StackPath, the company announced Sunday.

TouchCommerce Acquired for $215 Million

Customer service software developer TouchCommerce has been acquired by Nuance Communications Inc. in a deal valued at $215 million, the companies announced.

Fund Pays $58 Million for Valencia Shopping Center

A shopping center in Valencia has changed hands for $58 million, a nearly 43 percent increase over what it sold for five years ago.

Wildfire Consumes 33,000 Acres in Santa Clarita

A wildfire that broke out along the northbound 14 Freeway near Sand Canyon has charred more than 33,000 acres of the Santa Clarita Valley since Friday, officials said at a press conference Monday morning. It remains only 10 percent contained.

Future California Adventure Ride Based on ‘Guardians’

Walt Disney Co. is replacing its Twilight Zone Tower of Terror attraction with one based on characters from its 2014 hit film, “Guardians of the Galaxy.”

Sherman Oaks Apartment Sold for $8.6 Million

A Sherman Oaks apartment building has sold for $8.55 million following an upgrade, according to L.A.-based Re/Max Commercial & Investment Realty.

OPI’s 11-Acre Manufacturing Campus Available for Lease

Commercial real estate brokerage NAI Capital Inc. in Encino said it has secured the listing for OPI Products Inc.’s massive manufacturing campus of in North Hollywood.

College of the Canyons Names Workforce Development VP

College of the Canyons has appointed a new vice president of economic and business development.

County Unemployment Drops to 4.8 Percent

L.A. County’s unemployment rate fell to 4.8 percent in June, the lowest it’s been since January 2007, according to figures released Friday. In May, the seasonally adjusted rate was 4.9 percent.

Preview: SPECIAL REPORT: Soundstage Scarcity

Filming is up in Hollywood, and the space needed to create films – soundstages – is getting harder to find, presenting opportunities for entrepreneurs to lure productions to new spaces in the San Fernando Valley and Ventura County.

Preview: Lot of Liability

Valley Economic Alliance wants to help prevent the egregious abuses of the federal law with a most unlikely partner – Goodwill Southern California.

Amgen Settles $95 Million Lawsuit

Amgen Inc. will pay $95 million to settle a class action lawsuit, the company announced Wednesday.

Valley's First Floor & Decor Opens

The San Fernando Valley’s first Floor & Decor opened for business in West Hills Thursday.

Capstone Sells Turbine for Uzbekistan Oil Project

Capstone Turbine Corp. received payment for two of its microturbines to be shipped to a flare gas utilization project in the Republic of Uzbekistan.

Family Won’t Sue Disney Over Son’s Death

The family of a toddler killed by an alligator at a Walt Disney Co. resort in Orlando will not sue the company.