San Fernando Valley Business Journal


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

PennyMac Climbs 11 Percent on Higher Earnings

Stocks rallied more than 11 percent Friday on the fourth-quarter earnings PennyMac Financial Services Inc. reported late Thursday.

Preview: Franchise Rise?

RETAIL: Business model abuzz as economy strengthens.

Economists See Growth Ahead for L.A. County

Ventura County’s economy will grow little in the next year or two, compared to the neighboring L.A. County, and that’s despite positive impacts anticipated to come from the Trump administration, according to experts at the 2017 Entrepreneur Economic Forecast Conference.

B. Riley Underwrites Ooma Share Offering

Investment bank B. Riley & Co. is the sole underwriter in a secondary offering of 2.85 million shares of stock in Palo Alto-based communications company Ooma Inc.

Union Plans Protest at Tarzana Medical Center

Workers on Monday will hold a protest at Providence Tarzana Medical Center, which recently terminated approximately half its housekeeping staff.

Great American Finances Luxury Watch Website

Great American Capital Partners will provide a $20 million secured loan to Eleven James Inc. to support the company’s growth.

Preview: SPECIAL REPORT: Trump Bump for M&A?

Investment bankers look forward to a prosperous 2017.

B. Riley Co-Manages Red Lion Offering

B. Riley & Co. LLC was the joint book-running manager in a public offering of 2.5 million shares of stock in Red Lion Hotels Corp.

County Unemployment Holds at 5.1 Percent

L.A. County’s unemployment rate remained unchanged at 5.1 percent in November even as 22,000 jobs were added to employer payrolls in the county, state figures released Friday show.

Local Companies to Lay Off More Than 200

Two companies have announced layoffs of 210 employees and a third will transfer more than 60 employees to an outside provider.

Kurland to Step Down as PennyMac CEO

PennyMac Mortgage Investment Trust Chief Executive and Chairman Stanford Kurland will step down from his position effective Jan. 1, the company announced Tuesday.

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.