San Fernando Valley Business Journal


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

Teledyne Beats Forecasts But Remains Cautious

Teledyne Technologies beat Wall Street estimates on revenue and earnings for the fourth quarter, the company announced Thursday.

Wesco Income Increases Despite Revenue Decline

Wesco Aircraft Holdings Inc. narrowly beat analyst expectations on adjusted earnings but fell short on matching revenue in the fiscal first quarter, it was announced Thursday.

Avery Soars on Strong Quarterly Report

Avery Dennison Corp. beat Wall Street expectations on adjusted earning and revenue for the fourth quarter, it was announced Wednesday.

Capstone Beats Street on Losses

Capstone Turbine Corp. beat analyst estimates on its earnings for the fiscal third quarter while just missing on revenue.

Ceres Secures Australian Patent for Productivity Gene

Ceres Inc. announced Friday that it has received an Australian patent for a gene that increases crop yields without increasing the need for fertilizer or other resources for growth.

MannKind Signs Product Development Deal

MannKind Corp. announced Thursday that it has entered into a licensing agreement with newly formed pharmaceutical developer Receptor Life Sciences Inc. in Seattle to develop multiple inhaled therapeutic products for an array of conditions, including inflammatory disorders and neurological diseases.

Simulations Plus Reports Record Quarter

Simulations Plus Inc. reported a 108 percent increase in net income and record revenue for its first fiscal quarter, which it partially attributed to its acquisition of Cognigen Corp.

Medtronic, IBM Watson Debut Diabetes App

Medtronic and IBM have joined forces to create an app using IBM’s supercomputer Watson, the former 2011 Jeopardy! champion that beat out two of the show’s greatest contestants.

Qualstar Receives Nasdaq Notice

Qualstar Corp. has received notification from the Nasdaq Capital Market that it was out of compliance for maintaining a minimum price on its shares.

MannKind Plunges With End of Sanofi Deal

MannKind Corp. announced Tuesday that Sanofi-Aventis U.S. has terminated its license and collaboration agreement to manufacture and market MannKind’s sole commercial product, Afrezza Inhalation Powder, a fast-acting inhalable insulin.

Amgen Cancer Drug Receives European OK

Amgen Inc. announced Monday that the European Commission has approved Imlygic, a first of its kind cancer drug, to treat adults with melanoma.

Stimulations Plus Reports Revenue Gain

Simulations Plus Inc. announced a 17.6 percent increase in revenue in conjunction with its preliminary results for the fiscal first quarter of 2016 on Thursday.

Competitor Acquires Journee Lighting

LED technology company EcoSense Lighting in downtown L.A. announced on Monday that it has acquired the assets of Westlake Village’s Journée Lighting Inc.

Avery Dennison Joins Carbon Pledge

Avery Dennison Corp. joined the fight for climate change this week with a pledge to reduce greenhouse gas emissions from its operations by 26 percent in the next 10 years.

CRC Oversubscribed on $2.8 Billion Debt Swap

California Resources Corp. has announced early participation results of its private offer to exchange newly issued 8 percent notes for previously issued notes with interest rates between 5 and 6 percent.