San Fernando Valley Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Stepping Out

Shoestores part of Cherokee’s move beyond brandsCherokee makes acquisitions as Target contract nears end.

By Champaign Williams January 25, 2016 midnight   $$ Share

Earnings: Interlink, ApolloMed, Tix

Interlink Electronics improves performance, Apollo Medical narrows losses and Tix posts lower revenue from Las Vegas attraction ticket sales.

Earnings Roundup: American Homes, Salem, Wesco, Capstone, MRV

A number of Valley area companies reported earnings Thursday. While several were disappointing, American Homes 4 Rent posted the best results in its three years as a public company and Salem beat earnings expectations.

DineEquity Serves Up Hard-to-Digest Earnings

DineEquity, the Glendale-based operator of Applebee’s and IHOP restaurants, on Wednesday reported a worse-than-expected dip in revenue in the second quarter amid disappointing same-restaurant sales.

Tax Board Offers Help to Sand Fire Victims

The California Board of Equalization is offering business owners affected by the Sand Fire that swept through Santa Clarita last week extensions to file their tax returns, penalty relief and replacement copies of lost or damaged records.

Earnings: LTC, Tutor Perini, Ixia

Ixia beat analyst expectations for the second quarter, while LTC met expectations and Tutor Perini fell short.

In Midst of Buyout, ReachLocal Improves

In what may be its final earnings report as a stand-alone company, ReachLocal on Friday announced a second-quarter net loss that was much narrower than a year ago.

Earnings: Public Storage, Second Sight

Public Storage misses expectations; Second Sight reports a loss.

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.

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.

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.

L.A.’s Higher Minimum Wage Becomes Law

A minimum wage increase went into effect on Friday for Los Angeles businesses with 26 or more employees.

HomeStreet Bank Buys Two Local Branches

HomeStreet Inc., the parent company of HomeStreet Bank, has agreed to purchase two Southern California banks — one in Burbank and one in Granada Hills — from Boston Private Bank & Trust Co. of Boston.

Business Friendly? State Gets an F but L.A. a C-

Los Angeles ranked only a bit below average when it comes to creating a friendly environment for small businesses and entrepreneurs, according to a survey released Wednesday.

County Unemployment Falls Below 5 Percent

L.A. County’s unemployment rate fell to 4.9 percent in May, the first time below 5 percent in nine years, according to state figures released Friday.

NetSol Lands Motorcyle Leasing Client

MotoLease, a provider of loans for motorcycle and power sports vehicle buyers, has implemented software from NetSol Technologies Inc. for mobile payments, the company announced Thursday.