VEDC Files for Chapter 11 Bankruptcy

The Valley Economic Development Center Tuesday afternoon filed for Chapter 11 bankruptcy, throwing into doubt the future of one of the Valley area’s most prominent lenders to small and disadvantaged businesses.

Labor Federation Endorses Strike Vote for Grocery Workers

The Los Angeles County Federation of Labor on Monday endorsed a potential strike by supermarket workers, which could include picket lines and boycotts.

Oakmont Stages Preview of Valencia Facility

Oakmont Senior Living held an open house at its new Valencia location on Friday to introduce care options to prospective customers in preparation for an official opening on July 13.

Business Journal Wins National, Local Awards

The San Fernando Valley Business Journal won both national and local accolades for its editorial and design quality over the weekend.

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Affordable Housing Proposed in North Hills

A proposed project in North Hills filed June 27 with Los Angeles Department of City Planning would bring 54 units to the neighborhood, per an Urbanize.LA report.

Combined 112 Units in Tarzana Sell for $26 Million

A pair of apartment buildings at 5919 and 5931 Reseda Blvd. in Tarzana totaling 112 units has sold for $25.8 million.

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Valley-made Rocket Engines Ready for Blastoff

Four rocket engines originally designed for the Space Shuttle have been delivered to Michoud Assembly Facility near New Orleans to be attached to the core stage of the Space Launch System, NASA’s next generation heavy-lift rocket that will take astronauts on missions into deep space, potentially even to Mars.

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Negative Opinion Issued on Amgen Drug

The European Medicines Agency issued a negative opinion for Amgen Inc.’s Evenity, a drug to treat osteoporosis, according to a statement issued by the company on Friday.

FDA Issues Recall for Medtronic Insulin Pump

Medtronic’s insulin pump product, MiniMed 508 Paradigm, has been recalled after the pumps exhibited potential cyber security risks, according to a statement issued from the Food and Drug Administration on Thursday.

Disney Declares Dividend

Walt Disney Co.’s directors on Wednesday announced they had approved a dividend of 88 cents a share, unchanged from the previous one.

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Reagan Foundation Awards Scholarships to 18 Recipients

The Ronald Reagan Presidential Foundation and Institute in Simi Valley on Tuesday announced the winners of the 2019 GE-Reagan Foundation Scholarship Program in partnership with Boston conglomerate General Electric.

Glendale Apartment Complex Trades for $7.6 Million

A 19-unit multifamily property in Glendale has sold for $7.6 million, according to brokerage CBRE Group Inc.

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Semtech Golf Tournament Raises $108,000 for Family Services

Semtech Corp.’s seventh annual charity golf tournament raised more than $108,000 in donations for Ventura County nonprofits.

Two Biotechs Win Amgen Golden Tickets

Amgen Inc., with the help of San Francisco-based MBC BioLabs, has awarded the Amgen Golden Ticket to two biotherapeutic companies.

Cherokee Changes Name to Apex

Cherokee Global Brands announced Tuesday that it will change its name to Apex Global Brands, effective tomorrow.

Candy Company to Close Glendale Office

Ferrara Candy Co. is closing its downtown Glendale offices, resulting in layoffs for some of the 88 employees working there.

AeroVironment Beats Estimates on Revenue

AeroVironment Inc. matched Wall Street estimates on earnings and beat on revenue for the fiscal fourth quarter.

Amgen Partners With Washington University for Cancer Research

Amgen Inc. and the University of Washington’s Institute for Protein Design have announced a partnership to develop protein-building research projects for new medicines.

Burbank's Talaria Development Wins Architecture Award

Talaria at Burbank, the new apartment complex from Cusumano Real Estate Group, has won the Grand Award winner at the 2019 Gold Nugget Awards.

L.A. County Unemployment Rate Dips Lower

L.A. County’s unemployment rate dipped slightly last month to 4.5 percent.