San Fernando Valley Business Journal

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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Tech Incubator Hatches Skateboard Startup

SPORTS: Angel investors preview motion detector from Chatsworth firm.Make in LA, a technology hardware accelerator in Chatsworth, last month held its first demo day, looking to set up its four portfolio startups with investors.

By Mark Madler February 8, 2016 midnight   $$ Share

Updated: Natrol Gets New CEO

Vitamin manufacturer Natrol on Nov. 28 announced the appointment of Tom Zimmerman as its new chief executive.

Capstone Cuts Costs on Investor Relations

Capstone Turbine Corp. said it will cut expenses by changing its audit firm and bringing in-house the investor relations functions.

Teledyne Buys Chatsworth’s Hanson Research

Teledyne Technologies Inc. has announced that it acquired Hanson Research Corp., a developer and manufacturer of instruments used in the pharmaceutical industry.

Unity Spacecraft Takes First Free Flight

Ten months after its unveiling, the space vehicle VSS Unity completed its first free flight on Saturday at the Mojave Air & Spaceport in the Antelope Valley.

California Resources Rises 44 Percent on OPEC News

Shares of California Resources Corp. (CRC) soared 44 percent Wednesday as hopes of higher prices revived the entire oil sector.

Cherokee to Acquire Hi-Tec Shoemaker for $96 Million

Cherokee Inc. will acquire footwear maker Hi-Tec Sports International Holdings B.V. for $96 million, the company announced on Monday

H2Scan Names Chief Executive

Hydrogen leak detection equipment manufacturer H2Scan Corp. has named Michael Allman as its new chief executive.

California Resources Jumps 20 Percent on Soros Buy

The share price of California Resources Corp. rose nearly 20 percent Tuesday on higher prices for crude oil and news that billionaire George Soros increased his stake in the company.

Samsung Buys Harman for $8 Billion

Consumer electronics manufacturer Samsung Electronics will acquire audio products developer Harman International Industries Inc. in a deal valued at $8 billion.

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.

Wesco Wins Chemical Supply Contract

Wesco Aircraft Holdings Inc. has won a multi-year agreement with Science Applications International Corp. to support a recently awarded prime contract with the Defense Logistics Agency.

Earnings: DTS, Salem Media

DTS reports what could be its final quarter as an independent company, while Salem Media misses expectations.

Calavo Buys Building for Fresh Produce Expansion

Avocado grower and marketer Calavo Growers Inc. in Santa Paula said it has closed on a more than $19 million purchase of a Riverside building for its expanding fresh produce segment.

Teledyne Beats Earnings Estimate, Falls Short on Revenue

Teledyne Technologies Inc. beat Wall Street estimates on earnings for the third quarter but fell short on revenue.

Avery’s Stock Sinks Despite Earnings Bump

Avery Dennison Corp. (AVY) on Wednesday reported an increase in earnings, but it apparently discouraged investors who drove down the stock price more than 6 percent.