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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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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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Princess Cruises Extends Sailing Pause

Princess Cruises has again postponed the resumption of cruising activity, this time through May 14.

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21st Century Cartoons Coming From Netflix

Streamer leases 171,000 square feet for animation studio.

Streaming leader Netflix Inc. shocked the real estate industry in September when it announced that it had signed 2020’s biggest commercial real estate lease in the Greater Los Angeles area in Burbank, where the Los Gatos-based company will open its first animation studio.

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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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MannKind Buys QrumPharma for $3.5 Million

MannKind Corp. announced it has acquired Pennsylvania-based QrumPharma Inc. for $3.5 million in cash and more than 3 million shares of its common stock.

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Nurses Strike Called Off

A nursing strike planned for the holidays was narrowly avoided, with Hospital Corporation of America and Service Employees International Union 121 RN coming to a tentative contract agreement.

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SBA Loans Debt of Choice During Pandemic

FINANCE: Manufacturing, professional service firms look to buy real estate.

Small businesses have found opportunities during the pandemic, creating a need for capital that SBA lenders have worked to fill.

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Restaurants Protest, Defy Outdoor Dining Ban

Tensions about the state of California’s ban in the Southern California region on outdoor dining are reaching a boiling point, with some restaurant owners openly defying the regulation they see as unfair and hypocritical.

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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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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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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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Business Gets Vocal on Outdoor Dining Ban

RETAIL: Advocates point to lack of data for regulations.

an Fernando Valley restaurants are reeling after L.A. County health officials ordered a temporary prohibition on outdoor dining, a decision that drew strong criticism from business and public policy leaders.

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Lancaster Looks to Form Health Agency

Antelope Valley city wants autonomy in regulation.

The city of Lancaster took a hammer to the Los Angeles County Department of Public Health, first backing a vote of no confidence in its director, Barbara Ferrer, then commissioning a study on how to form a separate public health department.

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VALLEY INSIDER

Gaines Gets Tribute

At its Dec. 2 meeting on Zoom, the Calabasas City Council recognized Fred Gaines for his service.

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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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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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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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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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Buying into Market Dip to Rebalance Portfolios

One of Jason Sands’ clients asked how he could help others financially during tough times.

Wealth manager Jason Sands sought to keep clients on track for their long-term goals during the year of crisis, while also meeting short-term needs.