Joel Russell

Editor

Joel Russell is editor of the Business Journal and is responsible for the content of the publication.

Email: jrussell@sfvbj.com
Phone: 818-316-3125 Extension: 116

Recent Stories

CSUN’s Nazarian College Expands With Business Analytics Degree

Starting in fall 2021 semester, California State University – Northridge’s Nazarian College of Business and Economics will offer a bachelor’s degree in business analytics.

VALLEY INSIDER

Banker at Westlake Bio

Banker at Westlake Bio

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GeoLinks’ FCC Expert

VALLEY INSIDER

Salem Launches Spanish-Language Radio Station in Seattle

Salem Media Group Inc. has launched a Spanish-language radio station, La Patrona 1680, in the Seattle market.

Dole Foods Launches ‘Malnutrition Labels’ Campaign

Dole Packaged Foods has launched a public awareness campaign about food insecurity called “Malnutrition Labels.”

Tease photo

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Stars Shine Golden

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Outdoor Dining, Hair Salons Reopen in Ventura County, But Not Yet in L.A.

California has lifted its limited stay-at-home order, allowing the reopening of outdoor dining and indoor haircuts in most of the state – including Ventura County, but not L.A. County.

VALLEY INSIDER

Saleswoman to CEO

Saleswoman to CEO

California Resources to Sell $600 Million in Senior Notes

California Resources Corp. intends to sell $600 million in unsecured senior notes with repayment due in 2026.

Wealth Managers’ Wild Ride

Financial advisors weathered market downs and ups during a year of surprises.

The onset of the coronavirus caused one of the sharpest nosedives in the history of global capital markets. Between Feb. 20 and April 7, the Nasdaq tumbled an unprecedented 1,864 points, a loss of nearly 20 percent.

VALLEY INSIDER

Gaines Gets Tribute

At its Dec. 2 meeting on Zoom, the Calabasas City Council recognized Fred Gaines for his service.

Valley Kaiser Permanente Staff to Appear in Rose Parade TV Segment

Staff from Valley facilities of Kaiser Permanente will participate in the health care organization’s 90-second video for “The Rose Parade’s New Year Celebration presented by Honda” on New Year’s Day.

Amgen Licenses Experimental Drug for Tuberculosis, Leprosy Treatment

Amgen Inc. has licensed one of its investigational pipeline drugs to Medicines Development for Global Health for the treatment of tuberculosis and leprosy.

Fox & Hounds Daily to Shut Down

Joel Fox, co-publisher of the conservative political website Fox & Hounds Daily, plans to close the site.

Chambers of Commerce Send Letter to State Officials

A coalition of chambers of commerce – including many in the Valley region – plan to send a letter to state elected officials Thursday voicing their concerns about the latest stay-at-home orders.

Location Filming Declines in November

For the first time since movie production in Los Angeles County reopened in June, location filming decreased in November.

VALLEY INSIDER

Executive Veteran

VALLEY INSIDER

Down Year Deal-Making

Coronavirus slowed M&A activity in 2020, but now companies are looking forward to the post-pandemic economy.

After several years of furious deal-making in the Valley, 2020 represented a pause. There were no equivalents of Walt Disney Co.’s $71 billion purchase of 20th Century Fox or Amgen Inc.’s acquisition of the drug Otezla for $13.4 billion, both deals from 2019.

Teledyne Taps Funding for Underwater Map Technology

Teledyne CARIS, a subsidiary of Teledyne Technologies Inc. in Thousand Oaks, has received “significant funding” from Canada’s Ocean Supercluster to develop a software system for remote underwater surveying.

Cast & Crew’s Co-CEOs

Cast & Crew’s Co-CEOs

Movie accounting service Cast & Crew in Burbank has promoted John Berkley to co-chief executive.

Insurance Payout Improves Tejon Ranch's Quarter

Tejon Ranch Co. reported improved net income and revenue for the third quarter, largely from the payment on a crop insurance claim.

Amgen Beats Quarterly Estimates, Raises Guidance

Amgen Inc. exceeded analysts estimates for the third quarter, based on results announced by the company.

Cinedigm's Paid Subscribers Up More than 45 Percent

Cinedigm’s portfolio of paid subscription streaming services has grown its subscriber base more than 45 percent since April 1.

VALLEY INSIDER

Hilton’s New Chair

Steve Hilton to step down as chairman of the Conrad N. Hilton Foundation at year’s end.

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VICA’s Vice President

VICA’s Vice President

Cusumano Family Gives $1 Million to Boys & Girls Club in Burbank

The Cusumano family has donated $1 million to the Boys & Girls Club of Burbank and Greater East Valley to purchase a new clubhouse.

Ventura County Reopens Economy on Improved COVID Numbers

Ventura County on Tuesday moved into the state’s red tier status for COVID-19, allowing for more businesses to reopen.

Arcutis Plans Secondary Offering, Private Placement

Arcutis Biotherapeutics Inc. has made a secondary offering with 4 million shares of its stock.

Avery Dennison Invests in Recycling Startup

Avery Dennison Corp. and Valo Ventures have invested $5 million in RoadRunner Recycling.

VALLEY INSIDER

Scriptwriting President

Cast & Crew in Burbank has named Shelly Mellott president of Final Draft

Precious Metals Firm Opens Woodland Hills Office

Precious metals investment firm American Hartford Gold has opened an office in Woodland Hills.

Market Downturn Moves Valley Stocks Lower

Share prices for large-cap companies in the Valley region moved lower as the Dow Jones Industrial Average dropped 1.8 percent.

Transition at Top For Cal Lutheran

New president brings expertise in diversity to Thousand Oaks campus.

With the start of a new academic year, California Lutheran University welcomes a new president to campus.

VALLEY INSIDER

Pro-Hydrogen Mayor

Rex Parris, owner of Parris Law Firm and the mayor of Lancaster, has adopted hydrogen as his energy of choice.

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CEO to Retire

Maria Hawthorne will retire as chief executive of PS Business Parks in Glendale, effective Sept. 1.

Amgen Grows Revenue in Pandemic

Amgen Inc. beat analyst expectations during the second quarter, despite the effects of the coronavirus on the health care industry.

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‘Audience Fatigue’ Expert

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Northridge Man Sentenced in Credit Card Scheme With ‘Collusive Merchants’

A Northridge man has received 21 years in federal prison for a scheme in which credit card and bank loan scheme that took money from banks, credit card comapnies, car dealerships and utility companies.

ASGN Contracts to Reconfigure Military Health Records

A division of staffing and technology consulting firm ASGN Inc. has won a contract to develop a legacy consolidation system for military health records.

CRC’s Belated Quarterly Filing Outlines Precarious Situation

California Resources Corp. filed its first-quarter financial results with the Securities & Exchange Commission on Thursday with the caution that management has “substantial doubt” about the company’s ability to continue as a going concern.

Teledyne Joins S&P 500 Index

Teledyne Technologies has joined the S&P 500 Index, according to S&P Dow Jones Indices in New York.

Loop Media Splits Stock After Reverse Merger

Loop Media Inc. has implemented a 1-for-1.5 reverse stock split of its shares after completing its previously announced reverse merger with Interlink Plus in Nevada.

AMS Employees ‘March for Change’ in Valencia

On Thursday, employees of AMS Fulfillment in Valencia participated in a “March for Change” from the company’s headquarters building to a nearby warehouse.

Shares Gain After Limoneira Reports Tough Quarter

Shares of Limoneira Co. gained Wednesday, even though the company reported lower revenue and a net loss the previous day.

Morning Drive Stuff of History

New book retraces colorful past of 101 Freeway, ‘El Camino Real.’

New book traces the colorful history of the 101 Freeway.

VALLEY INSIDER

CEO Shifts at Disney

A flurry of leadership changes at Walt Disney Co.

Equity Purchase Pumps Capital into Endonovo

Endonovo Therapeutics Inc. has arranged an equity purchase agreement with Cavalry Fund I, under which Endonovo will sell up to $10 million in shares during the next 24 months.

VALLEY INSIDER

Switching Chairs

American Homes 4 Rent has appointed Kenneth Woolley as independent chairman of the board.

Cal State University Classes Mostly Online in Fall

The California State University system plans to cancel nearly all in-person classes in the fall and move classes online, Chancellor Timothy White announced Tuesday.

Greater San Fernando Chamber Joins Recovery Fund Coalition

The Greater San Fernando Valley Chamber of Commerce announced Monday it has joined America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program for businesses.

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