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...

Earnings: B. Riley, ImmunoCellular, Second Sight, MRV

Roundup of quarterly reports from Valley companies.

Reports: Top Wells Fargo Execs Leave Bank

The two Wells Fargo regional presidents serving the greater San Fernando Valley area have left the bank, according to media reports.

County Unemployment Falls in January

L.A. County’s unemployment rate dipped back below 5 percent in January despite the usual seasonal loss in payroll jobs, according to state figures released Friday.

Glendale Credit Union Completes Merger

California Credit Union will merge effective Wednesday with North Island Credit Union to serve Los Angeles and San Diego counties.

B. Riley Refinances Gibson Brands Debt

Investment bank B. Riley & Co., a subsidiary of B. Riley Financial Inc. of Woodland Hills, on Tuesday announced the closing of a refinancing transaction for Gibson Brands Inc.

BlackLine Shows Growth in Quarterly Report Debut

BlackLine Inc. generated revenues of nearly $124 million in 2016, the company announced Friday in its first quarterly and full-year report as a public company.

B. Riley in $160 Million Merger

B. Riley Financial announced Tuesday it will merge with FBR & Co in a $160 million transaction.

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.