SFV BUSINESS JOURNAL DAILY NEWS

Amgen Adopts Permanent Remote Work Policy

Newbury Park-based pharmaceuticals company Amgen will make working from home a permanent policy for much of its international workforce, including locally.

Huge Expansion for Needham Ranch Tenant

DrinkPak, which last November signed a seven-year, 172,324-square-foot lease at The Center at Needham Ranch, already is more than tripling its space – expanding by 400,095 square feet at the Santa Clarita industrial park.

Earnings Roundup: PennyMac Financial, BlackLine, Salem Media, Velocity Financial

PennyMac Financial Services Inc. fell short of Wall Street expectations on earnings and revenue in the first quarter.

Van Nuys’ Jet Edge Partners with Montage Hotels

Jet Edge International announced a new partnership with Montage International, an ultra-luxury hospitality management company.

Amgen’s Otezla May Be Approved for Broader Use

Amgen Inc. on Wednesday said its psoriasis drug Otezla was approved for review by the Food and Drug Administration to be used on a wider patient population.

Businesses Get Some Relief Under Yellow Tier

Los Angeles County beginning today entered the less restrictive yellow tier of California’s Blueprint for a Safer Economy, allowing increased operating capacity for many businesses while letting some other businesses open indoors for the first time in months, albeit with limits.

With Purchase, Drone Maker Expands Product Offerings

AeroVironment Inc. – the company that made the helicopter that flew on Mars – this week closed on its acquisition of a German company that makes unmanned ground vehicles.

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Tutor Perini Reports Good Quarter

Tutor Perini Corp. beat Wall Street estimates on earnings but just missed on revenue for the first quarter.

Valencia Aerospace Manufacturer Buys Ceramics Firm

Fralock Holdings, a Valencia manufacturer for the aerospace, defense and medical industries, has acquired Ceramic Tech Inc.

Input 1 to Participate in Universal Bank’s New Insurance Business

Input 1, a Woodland Hills-based digital billing and payment processing provider for insurance carriers, has been selected to service Universal Bank’s new insurance premium finance business.

Galpin Motors’ Jane Boeckmann Passes Away

Jane Boeckmann, who helped her husband Bert grow Galpin Motors into a powerhouse group of auto dealerships, died April 28 of pancreatic cancer. She was 90 years old.

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FinTech Firm Grows Stock Surveillance System to 5 Million Investors

SRAX Inc., a Westlake Village-based financial technology company, announced today that its stock surveillance operating system, Sequire, has grown to over 5 million retail investors.

Estrella Partners With Google to Monetize Streaming Video

Burbank broadcaster Estrella Media on Monday announced it has selected Google Ad Manager to monetize its live and on demand streaming TV platforms.

Xebec Sells Amazon Warehouse in Chatsworth for $74 Million

A 221,842-square-foot industrial facility leased by Amazon.com Inc. in Chatsworth has sold for $74 million, or roughly $334 per square foot.

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Cheesecake Factory Rebounds in First Quarter

Calabasas-based restaurateur Cheesecake Factory nearly climbed back to profitability during the first quarter, according to financial data the company reported on Wednesday.

Medolife Rx Breaks Ground on Scorpion Lab

Burbank biotech company Medolife Rx Inc. this week announced it has broken ground on its lab facility in the Dominican Republic to raise scorpions.

Disney Promotes New HR Chief

Paul Richardson has been named the new chief human resources officer for Walt Disney Co., effective July 1.

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Teledyne Beats Estimates While Awaiting Flir Acquisition

Teledyne Technologies Inc. beat Wall Street estimates on adjusted earnings and revenue in the first quarter.

138-Unit Apartment Building Planned for NoHo

A proposed apartment project promises to bring 138 units to North Hollywood.

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Cruise Operations Could Restart in Mid-July, According to CDC

In a letter to cruise industry leaders Wednesday, the Center for Disease Control and Prevention signaled that U.S. sailing operations may resume as soon as mid-July.

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