San Fernando Valley Business Journal


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

Capstone Sells Turbine for Uzbekistan Oil Project

Capstone Turbine Corp. received payment for two of its microturbines to be shipped to a flare gas utilization project in the Republic of Uzbekistan.

Medtronic Glucose Monitor Gets Euro Approval

Medical-device maker Medtronic announced Tuesday that its Guardian Connect mobile glucose monitoring system received European Union approval and is slated for sale in 2017.

Antelope Valley Gold Main Sells Shares

The owner of an Antelope Valley gold mine has agreed to sell $10 million worth of shares in the company to a syndicate of investors led by a Canadian firm.

Capstone’s New Turbine Enters European Market

Capstone Turbine Corp. has shipped its first C1000S microturbine to Europe for use at a manufacturing facility in Slovenia, the company announced Wednesday.

California Resources Rejects Tender Offer

California Resources Corp. recommended Thursday that shareholders reject an unsolicited “mini-tender” offer for shares by a Canadian investment company.

Platinum Equity Sweetens Electro Rent Offer

Platinum Equity increased its offer for acquiring testing and computer equipment supplier Electro Rent Corp. by 18 percent, valuing the deal at about $382 million.

ERP Adds Board Member

Electric power supply manufacturer ERP Power appointed Jeffrey Frank to serve on its board of directors, the company announced.

Semtech Sells Snowbush IP Unit

Semtech Corp. will sell its Snowbush IP business unit for $32.5 million, the company announced Monday.

Teledyne Lands Satellite Contract

The defense business unit of Teledyne Technologies Inc. has received a contract to contribute components to a micro satellite project for high-speed internet access.

ERP Bought by Private Equity Firm

Power supply products manufacturer ERP Power has been acquired by Angeles Equity Partners LLC, the companies announced Wednesday.

CRC Reverse Splits Its Stock

Oil and gas producer California Resources Corp. on Wednesday announced that after the market closed on Tuesday, a 1-for-10 reverse stock split went into effect, where each 10 shares of the Chatsworth company’s outstanding common stock now equal 1 share of common stock.

Electro Rent Acquired

Electro Rent Corp. has been acquired by private investment firm Platinum Equity in a deal valued at more than $323 million.

Talon Reports Revenue Gains

Talon International Inc. beat analyst estimates on revenue in its first quarter earnings, and attributed the gain to strong performance from its trim products segment.

Real Industry Reports Quarterly Loss

Real Industry Inc. missed Wall Street expectations on net income but beat them on revenue in the fiscal first quarter.

Layoffs Loom at Van Nuys Plant

Clover Imaging Group is eliminating the second shift at its Van Nuys toner cartridge manufacturing plant as the work has been relocated to Mexico.