SFV FINANCE

Economist’s Mid-Year Assessment of Valley Region

It’s the midpoint of 2018, so the Business Journal decided to check in with California Economic Forecast Executive Director Mark Schniepp to see how 2018 is progressing.

B. Riley Financial to Rebrand Subsidiary as B. Riley Wealth Management

B. Riley Financial Inc. announced Tuesday that its subsidiary, stock brokerage and investment advisory Wunderlich Securities Inc., will change its name to B. Riley Wealth Management Inc.

Economic Forecast: Grim Reality for Ventura County

California Lutheran University Center of Economic Research Executive Director Matthew Fienup on Friday gave an overview of Ventura County’s regional economy in “stark contrast” to the robust growth in neighboring San Fernando Valley.

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B. Riley Participates in $1.4 Billion Rent-A-Center Acquisition

B. Riley Financial Inc. has partnered with Vintage Capital Management to acquire Rent-A-Center Inc, the Woodland Hills financial firm announced Monday.

Farmers Insurance Names Chief Claims Officer

Farmers Insurance has promoted Rob Howard to the position of chief claims officer, effective June 11.

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Modest Job Gains in L.A. County for April

L.A. County’s unemployment rate remained steady at 4.4 percent in May as the local economy hovers near full employment, according to state figures released Friday.

Business Journal Honors CFOs, HR Professionals

The Valley region’s financial professionals gathered at the Hilton Woodland Hills on Wednesday for the Business Journal’s annual Chief Financial Officer and Human Resources Awards ceremony.

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NetSol Expands Board

Shareholders of NetSol Technologies Inc. elected two new members to the board of directors at the company’s annual meeting on Tuesday.

BlackLine Gains on Hiring of Former NetSuite Executive

Shares of BlackLine Inc. rose Tuesday after the company announced the hiring of Mark Woodhams, a former sales executive at NetSuite, as senior vice president of global sales effective July 1.

Pot Bank Bill Moves to Assembly

A bill that will allow cannabis business owners to start a limited charter bank moves to the California Assembly following its passage this week in the Senate.

L.A. Chamber Selects Maria Salinas as CEO

The Los Angeles Area Chamber of Commerce on May 30 announced its board has named local finance executive Maria Salinas as its first woman chief executive in its 130-year history.

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Taxes, Regulation, Housing Top Business Issues Per BizFed Survey

A survey of more than 700 business leaders in L.A. County found that taxes, government regulation and housing are their top concerns.

Foreign-Owned Companies Increase in L.A. County

The number of foreign-owned enterprises increased by almost 5 percent in Los Angeles County in 2017 but the number of people employed and the estimated wages paid by those companies declined year-to-year, according to a report released May 18.

Armenian Nonprofit to Rehab Defunct Fire Station

Glendale-based Armenian Cultural Foundation plans to convert a defunct, single-story Encino fire station into a cultural center.

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L.A. County Unemployment Rate Dips to 4.4 Percent

L.A. County’s unemployment rate dipped to 4.4 percent in April after three straight months at 4.5 percent as local employers added a modest 5,000 jobs to their payrolls, according to state figures released Friday.