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Federal Stimulus Package Reopens PPP

Leaders of the U.S. Senate on Sunday announced a deal with the House of Representatives to pass a $900 billion economic stimulus package.

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Chief Executive Todd Stevens Exits California Resources

California Resources Corp. announced Monday that Chief Executive Todd Stevens will leave the company on Dec. 31 after a six-year run.

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Valley Hospital Staff Receive COVID Vaccine

Hospitals in the Valley region have started administering the COVID-19 vaccine made by Pfizer Inc.

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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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Executives Promoted at PennyMac Financial

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

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75 Acres in Oxnard Earmarked for Amazon

A 75-acre parcel of land at Sakioka Farms Business Park in Oxnard has sold to serve as the future site of a distribution site for e-commerce giant Amazon.com Inc.

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Glendale City Councilman to Chair Metrolink

Glendale City Councilman Ara Najarian has been named as the chairman of the governing body of Metrolink, the commuter railway service.

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Behavioral Health Hospital Coming to Lancaster

Antelope Valley Hospital and Kentucky-based Kindred Healthcare have entered into a joint venture to build and operate a new specialty hospital in Lancaster.

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Valley Hospitals Grapple With COVID-19 Surge

The number of available intensive care unit beds has plummeted in Los Angeles County, with only 92 ICU beds available countywide.

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Tri-County Chamber Alliance Backs Central Coast Region for COVID-19 Regulation

The Tri-County Chamber Alliance has voiced its support for a movement to see Ventura, Santa Barbara and San Luis Obispo counties become their own region for COVID-19 regulation.

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Former Coco’s Location in Calabasas Trades for $3.3 Million

A property that served as the longtime host of a Coco’s restaurant has sold for $3.28 million in Calabasas.

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NetSol Names Co-Founder as President

NetSol Technologies Inc. has named Naeem Ghauri as its new president, effective immediately.

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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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FDA Approves Ellume’s At-Home COVID-19 Test

The U.S. Food and Drug Administration has approved the first at-home COVID-19 test, developed by a biotech company with ties to the Valley region.

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Nurses Strike Planned in Thousand Oaks, West Hills

Nurses at two hospitals in the Valley region have called a 10-day strike from Dec. 24 to Jan. 3 to protest unfair labor practices.

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Loop Media Enters Video Game Market

Loop Media Inc. has partnered with Ultimate Gamer to bring its music videos and other content to the gaming market.

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Fox & Hounds Daily to Shut Down

Joel Fox, co-publisher of the conservative political website Fox & Hounds Daily, plans to close the site.

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Multi-Tenant Industrial Site in Van Nuys Sells for $3 Million

A 16,230-square-foot industrial site in Van Nuys has sold for $3 million, or nearly $188 per square foot.

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Westlake Village BioPartners Debuts Funds With $500 Million

Westlake Village BioPartners has announced two new funds totaling $500 million to invest in life science startups and construct lab facilities for them.

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64-Unit Apartment Building Planned for North Hills

Affordable housing developer Penny Lane Centers has proposed a 64-unit development project in North Hills.

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