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Executives Promoted at PennyMac Financial

PennyMac Financial Services Inc. has announced two promotions within its executive ranks, effective Jan. 1.

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AROUND THE VALLEYS

AROUND THE VALLEYS

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Medical Supply Company Settles Medicare Fraud Claims

Valley Home Medical Supply Inc. in Canoga Park paid a $565,873 settlement after allegations arose that the company defrauded the federal government's Medicare and Tricare programs.

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Job Hunter

Holly Schroeder, chief executive at Santa Clarita Valley Economic Development Corp., takes on a second role as chair of the L.A. County Workforce Development Board.

Holly Schroeder, who has led the Santa Clarita Valley Economic Development Corp. for seven years, has taken on the added role of chairperson for the Los Angeles County Workforce Development Board.

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Crisis Messaging

PROFILE: Mustang Marketing’s Dianne McKay counsels clients to stay on message during pandemic.

Dianne McKay took the helm as sole owner of Mustang Marketing in April, with the retirement of founder Scott Harris.

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Nine Keyes Auto Dealerships Sold

Keyes Automotive Group has sold off nine of its dealerships to Lithia Motors Inc., a Medford, Ore.-based publicly traded auto dealer.

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Aerojet Rocketdyne Acquired for $4.4 Billion

Aerospace and defense giant Lockheed Martin Corp. plans to acquire Aerojet Rocketdyne Holdings Inc. in a deal valued at $4.4 billion.

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AI Company Eta Compute Raises $12.5 Million

Westlake Village tech firm Eta Compute Inc. has raised $12.5 million in a Series C round led by Synaptics Inc. in San Jose.

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Westlake Bio, Alexandria Team on Lab Buildout

BIOTECH: VC firm to invest in startups that become tenants.

Two real estate deals have put the Conejo Valley’s biotech hub on the fast-track to expansion.

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Scramble to Comply in Tier Changes

COVID surge puts Ventura County back in purple status.

Ventura County was one of 41 counties to drop to the state’s most restrictive reopening framework tier on Nov. 16, joining the rest of Southern California.

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Valley Kaiser Permanente Staff to Appear in Rose Parade TV Segment

Staff from Valley facilities of Kaiser Permanente will participate in the health care organization’s 90-second video for “The Rose Parade’s New Year Celebration presented by Honda” on New Year’s Day.

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City Council Approves Promenade 2035 in Woodland Hills

Los Angeles City Council voted Wednesday to approve the huge and long-deliberated Unibail-Rodamco-Westfield project Promenade 2035 at Warner Center.

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AIDS Healthcare Foundation Protests Amgen Pricing for Orphan Drugs

The AIDS Healthcare Foundation in Los Angeles staged a socially distant protest at Amgen headquarters in Thousand Oaks in response to the biotech giant’s refusal to sell orphan drugs to nonprofit entities at a reduced price.

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Bankers Recall ‘Chaotic’ Rollout of PPP Lending

LIST: Rule changes, safety of employees and clients among top challenges.

“It was chaotic to say the least.” That was how Tamara Gurney, chief executive of Mission Valley Bank, summarized the process of giving out Payroll Protection Program loans to small businesses.

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Valley Microloans Add to $3 Million

City program seeks to convert debt to grants for struggling businesses.

In an effort to keep voters informed on which businesses were able to benefit from L.A.’s microloan program, Los Angeles City Controller Ron Galperin’s office launched a microloan tracker website at the beginning of December.

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Carbon Health Opens Testing Site in Simi Valley

Clinic starts with COVID based on current demand.

San Francisco-based urgent care chain Carbon Health opened its first clinic in Ventura County just before Thanksgiving — with its initial focus on COVID-19 testing, according to the company.

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Eta Compute Series C Gets $12.5 Million

Investment features artificial intelligence marketing deal.

Eta Compute Inc. announced last month it had raised $12.5 million in a Series C round of funding.

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Arcutis Jumpstarts Year With $159 Million IPO

Skin treatment startup looks past pandemic to launch first product.

In January, dermatology research company Arcutis Biotherapeutics Inc. raised $159 million when its stock debuted on the Nasdaq for $17 a share.

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Building a ‘New Normal’ at Work

Remodel firm installs anti-virus measures from plexiglass to signs.

Maintco Inc. wants to get businesses ready for the new normal.

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Staffing’s Virtual Future From Interview to Job

LIST: Employment firms and clients find tech makes hiring flexible.

Employment firms see mixed reactions from clients in terms of hiring in the midst of a pandemic, with the impact varying based on the industry.