San Fernando Valley Business Journal


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

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.

Sorghum Seeds Narrows Ceres' Quarterly Loss

Ceres Inc. reported a 57 percent decrease in operating expenses for its second fiscal quarter but nevertheless recorded a net loss, the company announced Thursday.

Teledyne Buys Another Testing Firm

A subsidiary of Teledyne Technologies Inc. has acquired an electronic test and measurement business, the company announced Wednesday.

Camarillo Electronics Manufacturer Acquired

Electronics systems and components manufacturer Interconnect Systems Inc. has been acquired by Molex LLC, the companies announced Friday.

Electro Rent Stumbles in Quarter

Electro Rent Corp. announced its quarterly results Friday, blaming the expiration of a big contract for falling income and revenue.

Qualstar’s Loss Deepens; Seeks ‘Strategic Alternatives’

Qualstar Corp. widened its net loss and had a decrease in revenue for a period of six months, the company announced Wednesday.

Interlink Reports Rising Revenue, Income

Interlink Electronics Inc. increased revenue and earnings last year, the company announced Monday.