San Fernando Valley Business Journal

SFV FINANCE

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

Up in Smoke For Pot Firm?

Investments: GrowLife trades halted by manipulation fears.Investments: An SEC-imposed halt in trading could wither GrowLife’s prospects.

By Elliot Golan April 21, 2014 midnight   $$ Share

PennyMac Financial Reports Healthy Quarter

Mortgage lender PennyMac Financial Services Inc. in Moorpark reported boosts in revenue and profit for its final 2015 quarter and the full year.

County Unemployment Stable in December

L.A. County’s unemployment rate remained unchanged at 5.9 percent in December even as local employers added 26,000 payroll jobs across a broad spectrum of industries.

Thousand Oaks Seed Company Gains Revenue in First Quarter, Expects Layoffs

Agricultural biotech Ceres Inc. reported revenue gains, a net loss and layoffs expected for this year in its first-quarter report last week.

$100 Million Deals Sends NetSol Soaring

NetSol Technologies Inc. has secured a contract valued at more than $100 million, including license, maintenance and services for its software platform NFS Ascent, the company announced Monday.

County Unemployment Lowest in Eight Years

L.A. County’s unemployment rate dipped below 6 percent in November for the first time in eight years as holiday retail hiring led broad job gains, state figures released Friday show.

VEDC Names New COO

Robert Lopez is the new chief operating officer at the Valley Economic Development Center, it was announced Tuesday.

NetSol Lands U.K. Bank Client

Netsol Technologies Inc. announced Monday that a U.K. bank selected its LeaseSoft software as the new platform for the bank’s finance and leasing operations.

Conejo Valley Insurance Agent Arrested

A Newbury Park insurance agent was arrested Thursday for allegedly running a commission scam by signing up more than 20 people for multiple life insurance policies without their knowledge, according to the California Insurance Department.

County Unemployment Drops in October

L.A. County’s unemployment rate fell last month to 6.1 percent as the county added 38,000 jobs, state figures released Friday show.

L.A. County Creates Minimum Wage Enforcement Agency

Los Angeles County Supervisors voted Tuesday to set up a new division to enforce the new minimum wage law, the Los Angeles Times reported.

PennyMac Financial Narrowly Misses Estimates

PennyMac Financial Services Inc. narrowly missed analyst expectations for net income and revenue Thursday.

PennyMac Increases Earnings, Revenue

PennyMac Mortgage Investment Trust on Wednesday reported higher revenue and net income for the third quarter.

PS Business Parks Beats Forecasts

PS Business Parks narrowly beat Wall Street expectations for funds from operations in the third quarter.

Mission Valley Bank Reports Strong Quarter

Mission Valley Bancorp posted strong results in the third quarter and is on pace for a record year, it announced Friday.

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Low Rent High Life

Vacation club tries Costco approach to luxury

Tourism: Bellazo finds an inexpensive entry to luxury vacation home rentals.