SFV BUSINESS JOURNAL DAILY NEWS

Teledyne Lands $80 Million Missile Defense Contract

A subsidiary of Teledyne Technologies Inc. received a $79.6 million contract to design and build target missiles used for testing and evaluation.

Milken Study Finds Expanded Film Tax Credit Effective at Job Creation

California has recently seen an increase in the number of motion picture industry employees, but the state government could do more to lure movie making back to the Golden State, according to a Milken Institute study.

Twin Towers May Bring 610 Residential Units to Warner Center

Real estate developer Sandstone Properties Inc. has submitted plans to construct two residential towers at 6400 N. Canoga Ave.

Farmers Insurance Names Chief Claims Officer

Farmers Insurance has promoted Rob Howard to the position of chief claims officer, effective June 11.

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Tutor Perini Wins $410 Million Contract for Purple Line Extension

Tutor Perini Corp. announced Friday that its joint venture with Frontier-Kemper has won a contract to build tunnels for Los Angeles County Metropolitan Transportation Authority’s Purple Line Extension project.

Modest Job Gains in L.A. County for April

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released Friday.

Developer to Expand Sheraton Universal Hotel

A developer has filed with plans with the city of Los Angeles to expand the existing Sheraton Universal Hotel near Universal Studios Hollywood.

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Princess Cruises Screen World Cup Matches on Deck

Princess Cruises has begun broadcasting this year’s World Cup soccer matches for guests aboard nine of its cruise ships.

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Cherokee Quarterly Report Hints at Insolvency

Cherokee Inc. could face the prospect of bankruptcy, the company announced in an earnings report on Thursday.

Lancaster Homeless Project Breaks Ground

A groundbreaking on Thursday officially started construction in Lancaster for Kensington Campus, a facility to provide shelter and services for the homeless.

Palmdale Retail Site Sells for $10.2 Million

Valuerock Investments Partners LLC has purchased a 54,942-square-foot retail property in Palmdale from HFC/PRP Palmdale LLC for nearly $10.2 million.

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Business Journal Honors CFOs, HR Professionals

The Valley region’s financial professionals gathered at the Hilton Woodland Hills on Wednesday for the Business Journal’s annual Chief Financial Officer and Human Resources Awards ceremony.

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NetSol Expands Board

Shareholders of NetSol Technologies Inc. elected two new members to the board of directors at the company’s annual meeting on Tuesday.

Comcast Outbids Disney for Fox Assets

Comcast has placed a $65 billion all-cash bid for the same film and television assets that 21st Century Fox had agreed to sell to Burbank-based Walt Disney Co. for about $52 billion.

Judge Approves AT&T Purchase of Time Warner

A federal judge has approved AT&T Inc.’s acquisition of Time Warner Inc., the parent company of Warner Bros. Entertainment in Burbank.

BlackLine Gains on Hiring of Former NetSuite Executive

Shares of BlackLine Inc. rose Tuesday after the company announced the hiring of Mark Woodhams, a former sales executive at NetSuite, as senior vice president of global sales effective July 1.

Developer Proposes Encino Assisted Living

A Pacoima developer plans to build an assisted living facility at 17017 Ventura Blvd. in Encino, according to the Real Deal.

Cinedigm Joins Russell Microcap Index

Cinedigm Corp. will be part of the Russell U.S. Indexes this month, a move that gives the company greater visibility in the investment community.

Lemons Sweeten Limoneira’s Second Quarter

Higher lemon prices propelled Limoneira Co. to higher net income and revenue during the company’s fiscal second quarter.

Cornerstone Development in Agoura Hills Rebuffed by Court

Los Angeles Superior Court has ruled against the city of Agoura Hills, suspending the progress of developer Doron Gelfand’s Cornerstone, a proposed 8.2-acre retail, office and residential project at Cornell and Agoura roads that promises to become Agoura Village’s first major development.

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