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Teledyne Taps Funding for Underwater Map Technology

Teledyne CARIS, a subsidiary of Teledyne Technologies Inc. in Thousand Oaks, has received “significant funding” from Canada’s Ocean Supercluster to develop a software system for remote underwater surveying.

Chatsworth Aerospace Firm Acquires Rights to Pratt & Whitney Engine Parts

Chatsworth aerospace manufacturer Ontic has acquired manufacturing rights from Pratt & Whitney Canada Corp. for more of its JT15D engine parts.

AROUND THE VALLEYS

AROUND THE VALLEYS

Fourth-Generation Family Member to Lead Bobrick Washroom Equipment

Matthew Louchheim has been named president of Bobrick Washroom Equipment Inc., the fourth generation to lead the family-owned company.

Large Companies Learn to Ratchet Up Growth

LIST: Expansion at scale occurs in essential sectors such as tools and trucking.

It’s a major milestone for small businesses to execute a strategy for fast growth, but large companies in the Valley have learned to grow at double-digit rates despite their bulk.

Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

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Camarillo Apartment Complex Sells for $96 Million

In Camarillo, a 213-apartment complex known as Las Positas has garnered $95.75 million, or $449,530 per unit.

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Disney’s Layoffs Grow to 32,000

Walt Disney Co. plans to lay off about 32,000 employees in the coming months – 4,000 more than previously announced – due to government ordered lockdowns, according to a filing late Wednesday with the Securities and Exchange Commission.

AROUND THE VALLEYS

AROUND THE VALLEYS

AROUND THE VALLEYS

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.

Surviving in a Post-Pandemic Era

Next year is quickly approaching and I know I am not the only one looking forward to this year being over.

CSUN Students Help JPL Research

Center integrates design and humanities with hard science.

Cal State Northridge students help on projects at Jet Propulsion Laboratory.

Business Advocates Speak Out Against Outdoor Dining Ban

Business groups publicly complained Wednesday about L.A. County’s order to stop outdoor dining.

Lief Labs

Lief Labs

Lief Organics, doing business as Lief Labs, has bulked up its industrial muscles during the pandemic.

First Home COVID Test In Valencia

Ellume’s $30 kit secures approval from the FDA.

Digital diagnostics company Ellume Inc., an Australian company with U.S. operations in Valencia, developed the first at-home COVID-19 test approved by the U.S. Food and Drug Administration.

Insomniac Games Plays into Sony’s PS5 Launch

Console marketing features ‘Miles Morales,’ ‘Rift.’

Video games made by a Burbank development studio played a central role in the launch of Sony Corp.’s next-generation PlayStation 5 console.

Not Much Vacancy at Newhall Crossings

Residential component rents all apartments – but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration — the simultaneous ribbon-cutting of the mixed-use residential and retail complex Newhall Crossings and a brand new, seven-screen Laemmle Theatres arthouse cinema was going to usher in a new commercial enterprise in the heart of Newhall that has been under construction since 2018.

Pandemic Effects Boost Private Company Sales

LIST: From data storage to online sales, entrepreneurs adapt to the times.

Among companies on the Business Journal’s list of Private Companies with the biggest increases in revenue was Lamps Plus Inc. The Chatsworth retailer of lamps, lighting fixtures and home furnishings saw its revenue rise by 166 percent in 2019 to put it at No. 13 on the list. The previous year, the company had been No. 24 with $150 million in revenue for 2018, a Business Journal estimate.

Italian Outplacement Firm Enters U.S. Via Valley

STAFFING: Acquisition the first step toward ‘global reach’ from Burbank.

The outplacement division of human resources technology firm CareerArc in Burbank has rebranded as Intoo USA

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.