San Fernando Valley Business Journal

United Online Settles Classmates Suit

United Online Inc. subsidiary Classmates Inc. has agreed to pay part of an $11 million penalty to settle allegations of deceptive advertising.

Briefs: Semtech, Ceres

Semtech misses analyst expectations, Ceres secure a patent for soybean research.

Business Events Calendar

Business Events throughout the Valleys.

Suicide Concerns Dissolve Amgen Drug Partnership

Amgen Inc. will end a partnership to develop a drug for psoriasis because it could face restrictive labeling due to concerns from regulatory agencies that it might lead to suicidal thoughts.

"Tomorrowland": Rare Disney Money Loser?

“Tomorrowland," the sci-fi action adventure movie from Walt Disney Co., was the highest grossing film over the Memorial Day weekend, but that may not mean much given the lackluster holiday box office take.

NoHo Commons Sells for $43 Million

The NoHo Commons retail center, a seminal North Hollywood development, has been acquired by an Orange County investment firm for $43 million, or about $681 a square foot, according to real estate data provider CoStar Group Inc.

L.A. Unemployment Holds Steady Amid Job Gains

L.A. County’s unemployment rate was unchanged in April at 7.6 percent as the county fell just short of its all-time payroll jobs peak, according to state figures released Friday.

E.U. Panel Backs Amgen Cholesterol Drug

Amgen Inc. announced Friday that a European Union committee has recommended approval of its drug Repatha to treat high cholesterol.

House Passes Commercial Space Liability Bill

The House of Representatives on Thursday passed a bill to promote the commercial space industry by limiting liability for operators and ensuring light oversight by the Federal Aviation Administration.

Foreclosures Up as Banks Clear Inventory

Foreclosure filings rose in L.A. County and the state in April, mirroring a nationwide trend spurred by banks seeking to sell repossessed properties amid a rise in home prices, according to a report released Thursday.

Anthem Blue Cross Names President

Anthem Blue Cross announced on Thursday that J. Brian Ternan will become the company’s president and oversee commercial operations in California.

Valley Gets Second LAX Bus

The Los Angeles Board of Airport Commissioners on Thursday approved a $76 million Fly Away contract that will add bus service to LAX from a second San Fernando Valley location.

Residential Developments Proposed for Van Nuys

Developers floated two proposals before the land-use committee of the Van Nuys Neighborhood Council on Tuesday, including a subdivision that got the green light to move forward.

Valley Business Interests Rebuffed by Voters

Valley business interests didn't get the candidate they wanted when David Ryu topped Carolyn Ramsay in Tuesday’s District 4 L.A. City Council election.

Disney Opens Giant Shanghai Store

The biggest Walt Disney Co. store in the world opened Wednesday in Shanghai’s financial district.

Qualstar Corp. Names President

Qualstar Corp. promoted Daniel K. Jan to president after having served as executive vice president the past year, the company announced.

Cherokee Buys Everyday California

Cherokee Global Brands has acquired casual lifestyle brand Everyday California in an effort to expand its portfolio.

Sylmar Firm Buys Santa Clarita Building

A 44,500-square-foot warehouse in the Valencia Industrial Center has sold for $4.6 million to an expanding Sylmar logistics company.

Amgen Names General Counsel

Amgen Inc. announced the appointment of Jonathan Graham on Tuesday to the position of general counsel and corporate secretary.

TV Producers Rush for California Tax Credits

TV shows are lining up for expanded tax credits for filming in California.