San Fernando Valley Business Journal

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.

Monster Digital Receives Nasdaq Notice

Monster Digital Inc. received notice from the Nasdaq that it was out of compliance on meeting the $2.5 million stockholder equity required for listing on the market.

Hearing Addresses Closure of Aliso Canyon Facility

Porter Ranch residents voiced their concerns Monday Night regarding Southern California Gas Co.’s Aliso Canyon storage facility – a site where one of the worst natural gas leaks in U.S. history occurred.

Van Nuys Airport Names Operations Chief

Van Nuys Airport has named Christian Moreno as chief of operations, the airport announced Monday.

Northrop Tests ‘Game Changer’ Spy Drone

UTC Aerospace Systems has successfully completed the first flight test of its MS-177 imaging sensor on a Northrop Grumman drone in Palmdale.

Capstone Releases Preliminary Quarterly Results

In a move to increase investor transparency, Capstone Turbine Corp. released selected preliminary fiscal fourth quarter financial results Monday that showed an 11 increase in revenue.

Drug Test Firm Moves HQ to Northridge

Drug Tests in Bulk of West Hills, an online provider of drug tests for businesses and government agencies, plans to move its headquarters to a newly acquired building in Northridge, according to Hudson Commercial Partners Inc. in Studio City.

NewMark Properties Access In-House Refinancing

Woodland Hills retail developer and property management firm NewMark Merrill Co. has provided two of its shopping centers with nearly $27 million in refinancing.

Second Sight's First Asian Implant

Second Sight Medical Products Inc. has successfully implanted its Argus II Retinal Prosthesis System in its first patient in Asia via an exclusive distribution deal with Taiwanese pharmaceutical company Orient Europharma Co. Ltd. as well as a donation from the Hong-Lu Foundation in Taiwan.