San Fernando Valley Business Journal

B. Riley to Manage Hedge Funds

B. Riley Financial Inc. will take over the management of Dialectic Capital Management hedge funds, the Woodland Hills finance company announced Monday.

Capstone to Partner on Plasma Technology

Capstone Turbine Corp. has partnered with FGC Plasma Solutions to test a new plasma-assisted fuel injection technology for its C65 microturbines.

Princess to Pay $40 Million Pollution Fine

Princess Cruise Lines Ltd. was sentenced Wednesday to pay $40 million, the largest-ever fine for deliberate vessel pollution, according to the U.S. Justice Department.

Great American, KKR Arranges Credit for Sears Canada

Great American Capital Partners, a subsidiary of B. Riley Financial Inc. in Woodland Hills, and KKR Capital Markets have agreed to provide a secured loan to Sears Canada for about $220 million.

Northrop Tests ‘Game Changer’ Spy Drone

UTC Aerospace Systems has successfully completed the first flight test of its MS-177 imaging sensor on a Northrop Grumman drone in Palmdale.

Capstone Releases Preliminary Quarterly Results

In a move to increase investor transparency, Capstone Turbine Corp. released selected preliminary fiscal fourth quarter financial results Monday that showed an 11 increase in revenue.

The Number

Precipitation impact on Ventura and L.A. counties.

Home Loan Scammer Convicted

The operator of a home loan modification scam in Santa Clarita has been convicted of grand theft and white collar crime, according to the California Board of Equalization.

Great American to Liquidate HHGregg, Gordmans Locations

Liquidation auction house Great American Group will sell the inventory of two closed retail chains, the company announced Monday.

Tutor Perini Offers to Buy Back Debt

Tutor Perini Corp. announced Monday a tender offer to pay cash for its senior note debt instruments that expire in 2018.

Real Industry Selects CEO

Real Industry Inc. has selected Kyle Ross as its chief executive, effective immediately.

Pacific Lodge Merger

Pacific Lodge Youth Services has merged with another organization to form the largest provider of residential services exclusively for probation youth in California.

Monster Digital Signs Beach Distribution Deal

Monster Digital Inc. has signed an agreement to distribute its digital cameras through resort wholesaler Gulf Coast Panama Jack.

The Number

Your online identity’s value is worth protecting from thieves.

B. Riley Lends $20 Million to General Finance

A subsidiary of B. Riley Financial Inc. has made a $20 million loan to General Finance Corp. in Pasadena, a provider of portable and modular storage space in Asia, Australia and New Zealand.

Second Sight Warrants Approved for Trading

Second Sight Medical Products Inc. announced Monday that warrants issued in connection with a recent rights offering have been approved for listing on Nasdaq and are scheduled to begin trading on March 29.

American Homes Chairman to Invest $50 Million

American Homes 4 Rent announced Wednesday that Chairman B. Wayne Hughes will purchase $50 million of the company’s common shares in a private offering.

Ixia Releases Report on Big Security Breaches

Ixia has released a report detailing the biggest security breaches of last year and suggestions on how to avoid them in the future.

Glendale Banker Convicted of Money Laundering

The former manager of a Wells Fargo Bank in Glendale was convicted Friday of money laundering and false bank entry charges in connection with a trademark scam.

Public Storage Opens Biggest Facility in U.S.

Public Storage this week will open its largest facility in the United States.

Marcus & Millichap Partners With Prudential

Marcus & Millichap’s financing subsidiary Marcus & Millichap Capital Corp. has broadened its network of lenders through a preferred correspondent agreement with PGIM Real Estate Finance, a unit of Prudential Financial Inc.

Conejo Boys & Girls Clubs Adds to Board

The Boys & Girls Clubs of Greater Conejo Valley has added Barbara Impellizzeri to its board of governors.

CRC Drops 13 Percent on Lower Oil Prices

Shares of California Resources Corp. dropped nearly 13 percent Wednesday as oil prices fell.

The Number

West Valley crime spree focuses on contractors’ white vans.

Moorpark Warehouse Sold for $22.8 Million

Real estate investment bank Continental Partners has secured financing for the $22.8 million purchase of an industrial building in Moorpark.

Van Nuys Apartment Complex Sold for $5 Million

An 18-unit apartment complex in Van Nuys has traded hands for $5 million, according to brokerage Marcus & Millichap.

Tutor Perini to Build Saudi Air Base

Tutor Perini Corp. has won an $80 million design-build contract from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force.

B. Riley in $160 Million Merger

B. Riley Financial announced Tuesday it will merge with FBR & Co in a $160 million transaction.

The Number

Did the Aliso Canyon gas leak dent housing prices? Apparently not.

MannKind Contemplates Reverse Stock Split

BIOTECH: Chief executive hopes new sales strategy will lift share price.

MannKind formulates strategies to reverse stock price decline.

California Resources Announces Losses, Joint Venture

California Resources Corp. announced fourth-quarter losses that nevertheless beat analyst expectations.

Disney to Acquire Rest of Paris Theme Park

Walt Disney Co. announced Friday plans to acquire the minority portion of its Euro Disney operation that it doesn’t already own.

Court Rejects Anthem’s Takeover of Cigna

A federal judge ruled in favor of the Justice Department in a civil antitrust lawsuit to block health insurer Anthem, Inc.’s acquisition of Cigna Corp.

Brains Meet On Innovative Web Portal

Camarillo firm aims to match corporations with R&D solutions.

Entrepreneur finds an innovative way to connect innovators.

Amgen Promises Trump 1,600 Jobs

President Donald Trump met with pharmaceutical chief executives Tuesday, including Amgen Inc.’s Robert Bradway, who promised to add 1,600 jobs, according to a tweet from White House Press Secretary Sean Spicer.

L.A. City Council to Regulate Street Vending

The Los Angeles City Council voted Tuesday to decriminalize and regulate street vendors.

Avison Young Adds Three Brokers

Real estate brokerage Avison Young has hired three new brokers for its Los Angeles North office.

City, County Officials Seek Answers About Aliso Canyon

Los Angeles City and county officials have submitted motions endorsing a state legislative bill to prohibit gas injection at Aliso Canyon until the last year’s leak is explained.

Smart Mirror: A Makeover With Makeup

Augmented reality overlays color on image at CES debut.

Mirror, mirror: FaceCake’s new mirrors try makeup on for women so they don’t have to.

Salem Syndicates ‘Good Clean Fun’ in 60 Markets

Salem Media Group announced Tuesday that its show “Good Clean Fun with Kevin and Taylor” will launch in 60 markets across the United States.

Great American Finances Luxury Watch Website

Great American Capital Partners will provide a $20 million secured loan to Eleven James Inc. to support the company’s growth.

Simulations Plus Beats Estimates

Simulations Plus reported results that beat Wall Street expectations.

Semtech Invests in myDevices

Semtech Corp. has invested about $3 million in myDevices, an internet of things solutions company.

Galpin Rocket Car Returns to Production

Galpin Motors announced Thursday that the sports car VLF Rocket V8, formerly known as the Galpin Rocket, is in production at a Michigan speed shop.

El Torito in Burbank Closes

Real Mex Restaurants Inc. announced Monday it will close six locations in Southern California, including the El Torito eatery in Burbank, according to media reports.

High Home Prices Keep Sales Flat

New home sales in the San Fernando Valley have reached a plateau because of high prices, according to a report from the Southland Regional Association of Realtors.

Caruso Changes Name

Caruso Affiliated, the development company behind the shopping centers Americana at Brand in Glendale and Commons at Calabasas, has changed its name to simply Caruso.

Amgen, Allergan Seek Approval for Avastin Biosimilar

Amgen Inc. and Allergan plc have submitted paperwork for permission to sell a biosimilar version of cancer drug Avastin in Europe.

Ixia Rises on Buyout Report

Shares of Ixia rose nearly 15 percent Friday after Reuters published an article saying the company was looking for a potential buyer.

Princess Cruises to Pay $40 Million Penalty for Pollution

Princess Cruise Lines Ltd. will plead guilty to seven charges of deliberate pollution of the seas and pay $40 million in penalties, the Justice Department announced Thursday.

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