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

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 Amazon.com 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.

Calabasas Auction House to Sell Debbie Reynolds Dance Studio

Auction house Profiles in History will sell Debbie Reynolds Dance Studio and the late movie star’s family ranch on Oct. 7-9, the company announced Monday.

Limoneira Reports Lower Profits, Higher Revenue

Limoneira Co. announced lower third-quarter profits Monday which nonetheless met analyst expectations and sent the stock up more than 6 percent.

Former Toyota, BMW Execs Join NetSol Advisory Board

NetSol Technologies Inc. has appointed former Toyota Leasing executive Henry Tolentino and former BMW executive Georg Bauer to its advisory board, the company announced Thursday.

Solar Battle Heats Up Over Tariffs

Burbank executive asks ITC to hike duties on imported panels.

Burbank solar executive tells the ITC why he favors raising tariffs on imported solar panels.

Preview: Solar Battle Heats Up Over Tariffs

Edward Harner’s decision to testify last month before the International Trade Commission was, he concedes, “a little bit risky.”

Applebee's Hires Chief Culinary Officer for 'Menu Innovation'

Applebee’s Neighborhood Grill + Bar has hired Stephen Bulgarelli as chief culinary officer, the company announced Tuesday.

General Motors CEO Joins Disney Board

Walt Disney Co.’s board of directors has elected Mary T. Barra, chief executive of General Motors Co., to join the board immediately, the company announced Thursday.

B. Riley Advises Luna in Tech Divestiture

B. Riley Financial served as an advisor for Luna Innovations Inc.’s sale of its high-speed optical receivers business, the company announced Tuesday.

Atara Biotherapeutics Hires Chief Medical Officer

Atara Biotherapeutics Inc. announced Tuesday the hiring of Dr. Kanya Rajangam as senior vice president and chief medical officer.

HemaCare Turns Profitable in First Half of 2017

HemaCare Corp. announced Monday a 50 percent increase in revenue and a swing from losses to profits during the first six month of the year.

The Number

36th: Los Angeles’ ranking for stress

Where L.A. ranks in the most-stressful cities list.

JPL Launches ‘Eyes on the Eclipse’ App

Jet Propulsion Laboratory in La Canada-Flintridge has developed an app so people can preview Monday’s solar eclipse, the aerospace research and development facility announced Thursday.

Earnings: Apollo Medical Holdings, ImmunoCellular Therapeutics

Apollo Medical revenue grows 236 percent, ImmunoCellular trims losses.

First Solar Project at Van Nuys Airport

Aeroplex/Aerolease Group announced Monday the first solar power project at Van Nuys Airport.

Viking Expands Cultural Marketing Partnerships

Viking Cruises has expanded its portfolio of marketing partnerships with the announcement of three new agreements with cultural institutions.

Earnings: Interlink, Talon

Interlink reports higher revenue, while Talon’s revenue declines.

Earnings: LTC Properties, Capstone Turbine

LTC Properties reports profitable quarter, Capstone Turbine has a loss.

Tutor Perini's Mixed Quarter

Tutor Perini Corp. announced quarterly results Monday that exceeded Wall Street expectations on net income but fell short on revenue.

Earnings: Salem Media, B. Riley, MannKind

Salem Media income falls, B. Riley revenue triples and MannKind posts another loss.

Theft Leads To Art at PALS Auction

Motley Crue member, NoHo designer donate items for sale.

Police and artists come together for a fundraiser.

Feds Join Lawsuit Against L.A. Over Housing Funds

The United States has joined a lawsuit against the City of Los Angeles and the defunct Community Redevelopment Agency alleging that they fraudulently obtained housing grants, according to the Department of Justice.

L.A. to Host 2028 Olympics

Los Angeles will be the host city of the 2028 Summer Olympics, a post on the International Olympic Committee website announced Monday.

Tease photo

On Assignment Misses Q2 Estimates

On Assignment Inc. increased its earnings and revenue in the second quarter but still fell short of analyst expectations.

CRC Gains 14 Percent on Higher Oil Prices

California Resources Corp. stock rose more than 14 percent Tuesday, spurred by higher oil prices and lower U.S. reserves.

MGA’s New Toy: Little Green Men

MGA Entertainment Inc. has unveiled a new toy line called Awesome Little Green Men.

The Number

Valley region businesses sold in April

April was a hot time for trading of Valley businesses.

Simi Medical Building Sold

Rand Medical Building in Simi Valley has sold for $2.9 million, according to commercial brokerage Marcus & Millichap in Calabasas.

KB Home Buys Van Nuys Subdivision

Storm Properties has sold a development project for 58 houses in Van Nuys to KB Home, the company announced Thursday. Financial terms of the transaction were not disclosed.

Former Ginnie Mae Exec Joins PennyMac Board

Theodore W. Tozer, the former president of the Government National Mortgage Association or Ginnie Mae, will join the board of PennyMac Financial Services Inc., the company announced Wednesday.

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