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...

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.

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.