SFV FINANCE
Mission Valley’s Earnings Up
Mission Valley Bancorp on Tuesday announced that its first quarter net income of $816,000, or 25 cents a diluted share, was up more than 16 percent from the same quarter last year.
Preview: Loan Bonanza
Emergency program uses SBA lending process.
L.A. County, Goldman Sachs Open Loan Portal
The County of Los Angeles has launched an online portal in partnership with Goldman Sachs where small businesses affected by COVID-19 can apply for forgivable SBA loans.
CERF Economists Predict GDP Drop of 50 Percent
As the economy continues to deteriorate, local experts have revised their predictions for GDP in the second quarter – and the outlook is even worse than they earlier expected.
Preview: Coping Strategies Special Report
How Valley industries adapt to virus.
Preview: Work@Home Experiment
New routines as health crisis shuts down offices and factories.
PCF Insurance in Woodland Hills Acquired
PCF Insurance Services in Woodland Hills has been acquired by HGGC, a middle-market private equity firm in Palo Alto.
Economists Forecast 20 Percent GDP Plunge
The economy is darkening rapidly, and on Thursday local experts said they now believe GDP will nosedive more than 20 percent in the second quarter.
L.A. City Council Approves Extra Sick Time for Coronavirus
The Los Angeles City Council late Friday approved a paid sick leave ordinance relating to the coronavirus pandemic.
Wealth Managers Advise Anxious Clients to Hang Tight
Shocking plunges in the stock markets in recent weeks have prompted frantic calls from investors to their wealth managers.
Economists: Worse than Great Recession; Maybe Depression
Because of the near seizure of the economy prompted by the coronavirus scare, the second quarter may see GDP shrink by 13 percent.
Poll: The Hurt on Small Businesses Now ‘Profound’
About 76 percent of small businesses are being hurt by the coronavirus pandemic, according to a survey put out Monday by the National Federation of Independent Business.
Preview: Viral Economics
Valley companies struggle to get ahead of coronavirus outbreak.
Valley Restaurant, Real Estate Stocks Caught in Wall Street Selloff
Another massive selloff of stocks on Thursday caught Valley restaurant and real estate-related stocks in the downdraft.
Dow’s Massive Drop Pulls Down Valley Stocks
The Dow Jones Industrial Average fell more than 2,000 points, or 7 percent, with nearly all Valley companies caught in the downward momentum.