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

Cherokee Receives Nasdaq Notice

Cherokee Inc. has received a letter from the Nasdaq Stock Market citing noncompliance because the company did not submit a quarterly report by the required time.

The Number

Ticket sales spike after Valley Performing Arts Center debuts broader-type attractions.

Disney to Delist Paris Park

Walt Disney Co. has announced plans to delist its Euro Disney theme park from the Paris stock exchange and acquire all its shares.

Cheesecake Plunges on Lower Sales Outlook

Shares of Cheesecake Factory Inc. lost nearly 10 percent of their value Tuesday after the restaurateur announced an updated outlook for its second-quarter comparable sales.

Avery Dennison Opens Research Center

Avery Dennison Corp. has opened an Electronics Solutions and Technology Center in Santa Clara, the company announced Tuesday.

MannKind Seeks Inhalable Drug Partners

MannKind Corp. has hired a consulting firm to find strategic and financial partners for development of its Technosphere platform, the company announced Monday.

Josh Diamond

Star Accountant Josh Diamond

Home Prices Help American Homes Bonds

American Homes 4 Rent on Friday posted its revised “Home Price Appreciation Factor,” which affects returns for the company’s preferred shares.

BlackLine Prices Secondary Offering

BlackLine Inc. has priced its follow-on public offering 3.5 million shares at $33 per share, the company announced Thursday.

AT&T Workers Picket Local Stores

AT&T Inc. workers who are members of the Communications Workers of America walked off the job in 36 states today, with hundreds picketing at the telecom giant’s stores in Burbank and Santa Clarita.

Marcus & Millichap Opens New Ohio Office

Marcus & Millichap Inc. has opened an office of its Institutional Property Advisors division in Ohio.

Provision Acquires Kiosk Patent

A subsidiary of Provision Holding Inc. has received a patent to protect its application of 3D holographic technology for self-service retail kiosks.

MannKind Gains Nearly 16 Percent on Takeover Rumors

Shares of MannKind Corp. gained 15.6 percent Tuesday as the company prepares for its annual shareholder meeting amid takeover rumors.

Salem Promotes Operations Executive

Salem Media Group has named Jeff Reisman an operational vice president in Salem’s Radio Division effective July 1.

The Number

Credit unions see double-digit growth with more small business lending.

BlackLine Files for Stock Offering

BlackLine Inc. has filed papers with the Securities and Exchange Commission for a secondary offering of its common stock, the company announced Friday.

Salem Posts Q1 Earnings, Announces Debt Offering

Salem Media Group Inc. reported net income and revenue below expectations, and also announced a new debt offering.

Glendale Memorial President Retires

Jack Ivie, president of Glendale Memorial Hospital, will retire June 30.

LTC Meets Wall Street Predictions

LTC Properties Inc. reported first-quarter results Monday that met Wall Street expectations.

CRC Shares Gain Nearly 23 Percent

Shares of California Recourses Corp. rose nearly 23 percent Friday after the company reported its quarterly performance.

Coffee Jingle Jazzes Up Music Career

Panorama City artist qualifies as finalist in Folgers ad competition.

Musicians receive positive jolt with coffee jingle success.

On Assignment Climbs 8 Percent on Strong Quarter

On Assignment released first-quarter results that sent its stock up 8.5 percent Thursday.

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.

Prev