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

Preview: SPECIAL REPORT: Bullish But Uncertain

Post-election effects on Valley companies; mergers and acquisitions and other major events from the past year for the Valley business community.

VICA Praises Injunction Against Overtime Rule

Just over a week before it was scheduled to go into effect, a federal law that would have more than doubled the salary threshold for overtime exemption has been blocked by a Texas judge.

Wells Fargo Funds VEDC Loan Program

The Valley Economic Development Center announced Wednesday it received $2.5 million from Wells Fargo & Co. to expand a minority small business loan program.

Analysts Start BlackLine Coverage

Four financial services firms on Tuesday initiated coverage of BlackLine Inc. three weeks after the accounting software developer went public.

County Employment Grows to 5.1 Percent

L.A. County’s unemployment rate rose slightly to 5.1 percent in October even as the number of payroll jobs reached 4.4 million for the first time ever, state figures released Friday show.

B. Riley Creates New Corporate Finance Position

B. Riley Financial Inc. (RILY) has promoted Perry Mandarino to the new position of senior managing director and head of corporate finance.

Earnings: Monster Digital, Tix, ApolloMed, Talon

Shares of Monster Digital Inc. rose nearly 40 percent after reporting quarterly financial results.

Center for Economic Research Names New Director

The Center for Economic Research and Forecasting at California Lutheran University in Thousand Oaks has named Matthew Fienup its new executive director, the college announced on Monday. Fienup assumes the post of center founder Bill Watkins, who recently retired from the university.

Earnings: NetSol, B. Riley, Trio-Tech

NetSol announced widening losses, while B. Riley and Trio-Tech report profitable quarters.

Capstone Launches Distributor Finance Program

Capstone Turbine Corp. announced Tuesday a partnership with finance company Acresis to put together as much as $100 million for a product-financing program for Capstone distributors.

Earnings: PennyMac Financial, MRV

PennyMac Financial Services Inc. reported record quarterly revenue, while MRV Communications narrowed its loss during the third quarter.

Salem Acquires TurnerTrends Tools

Salem Media Group has acquired the product line of investment strategist Mike Turner, the company announced on Thursday

Noted Economist at Cal Lutheran to Retire

Just over a month after California Lutheran University’s economic research unit received national recognition, the school has announced that Executive Director Bill Watkins will retire after presenting his final outlook for Ventura County’s economy on Nov. 10. He has served the college seven years.

County Unemployment Rises Despite Job Growth

L.A. County’s unemployment rate rose slightly in September to 5 percent despite relatively strong job growth for the month, state figures released Friday show.

BlackLine Plans IPO for Oct. 28

BlackLine Inc. has scheduled the launch its initial public offering on Oct. 28, according to the Nasdaq IPO calendar.