Joel Russell


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

Phone: 818-316-3125 Extension: 116

Recent Stories

Semtech Slumps on Quarterly Results, Outlook

Semtech Corp. announced results for its fiscal third quarter and guidance that sent its stock down sharply Wednesday.

Credit Union Buys Burbank Office Building

An office building in Burbank has sold to Burbank City Federal Credit Union for $3.75 million, according to brokerage Lee & Associates-LA North/Ventura.

Shooting in Vegas Vexes Valley CEO

Proximity to tragedy impacts showman’s food festival.

Woodland Hills event production firm owner impacted by Las Vegas shooting.

Mixed Use Valley Village Complex Sold for $2 Million

A combination office building and rental housing complex in Valley Village has sold for $2 million, according to commercial brokerage Marcus & Millichap.

iPayment Closes Financing for Acquisition

iPayment Inc., a provider of credit card payment services, has closed on a corporate refinancing with the proceeds partially funding its acquisition of Leaders Merchant Services, the company announced Wednesday.

Cheesecake Opens First Restaurant in Canada

Cheesecake Factory opened a restaurant outside Toronto, the Calabasas company’s first outlet in Canada, the company announced Tuesday.

Nestle to Leave Glendale by July

In an updated filing with state regulators, Nestle USA said it will close its headquarters in Glendale on July 6, 2018.

California Resources Secures $1.3 Billion Loan

California Resources Corp. has closed a $1.3 billion loan facility, the company announced Friday.

Hospital-to-Home Clinic Opens in Sherman Oaks

Epic Medical Group has opened a clinic at Sherman Oaks Hospital to help close the gap between hospital stay and home for patients recovering from complex and chronic conditions, the company announced Thursday.

Vegas Shooting, MGM Policies Impact Tix Corp.

Tix Corp. said the Las Vegas shooting and new ticket policies at the MGM hotel chain have impacted its revenue.

50 Fastest Growing Private Companies 2017: LA SOLAR GROUP

An inside look at some of the top ranking companies.

50 Fastest Growing Private Companies 2017: RELIEF-MART INC.

An inside look at some of the top ranking companies.

50 Fastest Growing Private Companies 2017: IPI CONstruction

An inside look at some of the top ranking companies.

50 Fastest Growing Private Companies 2017: BRANDED

An inside look at some of the top ranking companies.

The Number

$18,298: Average cost of residential solar installation in L.A./Ventura counties.

\How much it costs to go solar in L.A. and Ventura counties.

50 Fastest Growing Private Companies 2017: KEYES woodland hills HYUNDAI

An inside look at some of the top ranking companies.

50 Fastest Growing Private Companies 2017: Goldco Precious Metals

An inside look at some of the top ranking companies.

50 Fastest Growing Private Companies 2017: MOBILECAUSE

An inside look at some of the top ranking companies.

Earnings: Tejon Ranch, Qualstar, Trio-Tech

Shares of Tejon Ranch, Qualstar and Trio-Tech rise after the companies report third quarter results.

Judge Bans Westlake Village Telemarketing Firms

A federal court has entered an order banning three Westlake Village telemarketing companies from future phone sales activity, the Department of Justice announced Wednesday.

CRC Shares Gain Another 13 Percent on Quarterly Results

After gaining 17 percent Monday, shares of California Resources Corp. moved higher Tuesday with a gain of more than 13 percent.

Tutor Perini Wins Baltimore Bridge Contract

Tutor Perini Corp. has emerged as the low bidder for a bridge and tunnel project in Baltimore worth $189 million, the company announced Tuesday.

Jo Anne Darcy, Former Santa Clarita Mayor and Chamber Exec, Dies

Jo Anne Darcy, a four-time mayor of Santa Clarita and former executive director of the chamber, died Sunday. She was 86, according to media reports.

Cheesecake Factory Opens in Bahrain

Cheesecake Factory opened its first restaurant in Bahrain on Oct. 29 under a licensing agreement.

The Number

24th CSUN’s ranking among ‘rising star’ research institutions

California State University – Northridge receives top grades for research.

L.A. Issues Citywide Red Flag Fire Alert

Los Angeles Fire Department issued a citywide Red Flag Alert for wildfires on Tuesday, the first time in more than two years that officials have taken this step.

CSUN Names Business School Building for Booksteins

Officials at California State University – Northridge have named the building that houses the university’s business college Bookstein Hall in honor of alumni Harriet and Harvey Bookstein.

Monster Digital Receives Delisting Notice

Monster Digital Inc. has received a letter from the Nasdaq about non-compliance with the exchange’s stockholder equity requirement, which could serve as a basis for delisting the stock, the company announced Monday.

Chinese Bike Service Selects Semtech Technology

Ofo, a Chinese bicycle sharing company, will equip its bikes with technology manufactured by Semtech Corp., the company has announced.

Salem to Launch Urban Gospel Station

Salem Media Group Inc. will launch a contemporary urban gospel radio station in St. Louis, the company announced Monday.

The Number

7,194 Acres burned in La Tuna Fire

Consumer Group Blasts Brown Over Newhall Ranch Project

The organization Consumer Watchdog has issued a statement asking if Gov. Jerry Brown should sign a bill that would benefit the Newhall Ranch project in Santa Clarita since Brown’s sister sits on the development company’s board.

KCETLink Outsources Production Facilities

KCETLink Media Group, the independent television network in Burbank, has outsourced its broadcast origination operations and production facilities, the company announced Thursday.

Capstone Rallies 44 Percent on Upgrade

An upgrade from Oppenheimer has pushed the stock of Capstone Turbine Corp. to its highest price in nearly a year.

Simulations Plus Releases Preliminary Results for Last Time

Simulations Plus Inc. released preliminary results for its fiscal fourth quarter and fiscal 2017, saying that it’s the last time it will release results prior to officially filings with the Securities and Exchange Commission.

B. Riley Subsidiary Hires Health Care Analysts

Investment bank FBR Capital Markets & Co. has hired four analysts to cover the health care, pharmaceutical, medical devices and diagnostics industries.

Northrop’s Orbital Purchase Sends Stock Skyward

AEROSPACE: Both defense contractors boast a strong Valley presence.

Northrop Grumman’s stock soars from Orbital ATK purchase.

The Number

2 Million New cars & trucks sold in California this year

Sales of new cars dip in California while trucks climb.

EPA Settlement Stipulates Rehab for NoHo Site

The U.S. Environmental Protection Agency has reached a $1 million settlement with CalMat Corp. that requires the North Hollywood company to design extraction wells and a treatment system to clean groundwater contamination caused by its former site.

Thousand Oaks Encourages Opposition to Water Rate Hike

Thousand Oaks is encouraging residents and businesses to oppose a water rate hike proposed by California American Water.

American Homes Puts $10 Million Price Tag on Hurricanes

American Homes 4 Rent has completed its initial assessment on the impact of Hurricane Harvey in Texas and Hurricane Irma in Florida, and estimates the storms will cost the company $10 million.

Amgen Reaffirms Guidance After Hurricane Maria

Amgen Inc. does not anticipate interruptions in its drug supply caused by Hurricane Maria and affirmed its guidance for the year, the company announced Monday.

Home Sales Soar in Santa Clarita, San Fernando Valleys

The number of home and condo sales in the San Fernando Valley spiked higher during the month of August, the Southland Regional Association of Realtors reported today.

Most In-Demand Jobs, Per CyberCoders Study

CyberCoders, an information technology recruiting agency, has released results of a data analysis from more than 1 million jobseekers to determine the most in-demand jobs in the IT, construction and accounting sectors.

The Number

60 Cents: Median income for L.A. saleswomen for every $1 in men’s income

Pay gaps? L.A. women wage earners versus men.

MannKind Relocation Pushes Share Price Higher

BIOTECH: Cost savings, access to talent cited a reasons for move to Westlake Village.

MannKind’s cost-saving move pushes up stock price.

ProVision Hires New CEO, Expands Board

Provision Holding, Inc. has hired Mark Leonard as its chief executive.

Power Out for PS Business Parks in Florida

PS Business Parks Inc.’s three properties in Florida had no electrical power but were open and operating late Monday, according to the company.

PSI to Test for Amazon Web Certifications

PSI Services has signed an agreement with Inc. to administer certification tests for technical expertise using Amazon Web Services.

AeroVironment Antennae Extends Range of Drones

AeroVironment Inc. has released of a new, long-range tracking antenna for its Puma drone system.