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As Reopening Nears, Universal to Hire 2,000

Universal Studios Hollywood is looking to hire more than 2,000 employees as it ramps up for full capacity operations.

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Avantus’ Buying Spree Fixes on Fastener Firms

Aviation company makes three strategic acquisitions.

Avantus Aerospace in Santa Clarita assembling a fastener division to compete against rivals.

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Quarterly Revenue Eludes Netsol, Tix Corp.

Netsol Technologies Inc. fell short of revenue projections, while Tix Corp. reported zero revenue for the quarter.

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AROUND THE VALLEYS

AROUND THE VALLEYS

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Freight Right Global Logistics Inc.

Freight Right Global Logistics Inc.

Freight Right Global Logistics Inc.’s business model brings technology to the commercial transportation sector.

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Preview: Lawyers See Flood of Bankruptcies in Early 2021

Bankruptcy filings could reach a historical high next year as the coronavirus pandemic continues to wreak havoc on business operations in nearly all industries.

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Don’t Give Us Another Lockdown

Following a surge in confirmed cases of COVID-19, Ventura County last week was pushed back into the state’s most restrictive “purple tier.”

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Advocate Seeks Change in the Valley Via 501(c)(3)

Daily protests in Sherman Oaks spawn organization.

Latora Green has been protesting police brutality and institutional racism on the steps of the Sherman Oaks Galleria for 176 consecutive days.

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Income Inequality for Most of Us

As my father who owned an upholstery shop would say back in the day, “Let’s get down to brass tacks.”

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Lawsuits Against Defiant Businesses Dropped in Ventura County

The Ventura County Board of Supervisors voted unanimously this week to drop lawsuits against five remaining businesses that had ignored coronavirus restrictions forbidding indoor operations.

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CEO Provides Capital Infusion for Tix

Tix Corp. has entered into a binding letter of agreement with Chief Executive Mitch Francis after concluding a strategic review process.

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Disney Beats Expectations With $710 Million Loss

Walt Disney Co. beat Wall Street expectations on earnings and revenue in the fiscal fourth quarter.

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Preview: Time to Rehire

Economic recovery creates worker shortage for hospitality employers.

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Habit Hamburgers to Health Staff

Catering fleet carries meals to Valley vaccination sites.

As part of an initiative to increase community service in the wake of the coronavirus pandemic, Habit Burger Grill is hosting over a dozen events at local vaccination sites to feed frontline workers.

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ArcLight Cinemas, Pacific Theatres Close Permanently

ArcLight Cinemas and Pacific Theatres will not reopen their locations, according to a note on the website for both theater chains.

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Down Year Deal-Making

Coronavirus slowed M&A activity in 2020, but now companies are looking forward to the post-pandemic economy.

After several years of furious deal-making in the Valley, 2020 represented a pause. There were no equivalents of Walt Disney Co.’s $71 billion purchase of 20th Century Fox or Amgen Inc.’s acquisition of the drug Otezla for $13.4 billion, both deals from 2019.

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The Coming Housing Bubble Burst

The coming housing bust.

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AROUND THE VALLEYS

AROUND THE VALLEYS

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Mission Valley Bank Reports Higher Income for Fourth Quarter

Mission Valley Bancorp increased its net income in the fourth quarter and its total assets for the full year.

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Ventura County Drops to Purple Tier

Ventura County has dropped to the most restrictive COVID-19 reopening framework tier.