San Fernando Valley Business Journal

NetSol Technologies, Inc., provider of global business services and enterprise application solutions, is forming a wholly owned subsidiary in China. To date, the company has operated in the region out of its representative office in Beijing. Full Story »

Assemblyman Paul Krekorian emerged victorious from what became a heated and expensive race for the Los Angeles City Council District 2 seat, defeating former film executive Christine Essel by a 14 percent margin during the Dec. 8 runoff election. Full Story »

During the first quarter of 2010 most employers will keep staff levels steady in the Los Angeles, Long Beach and Santa Ana areas, according to a new report. Full Story »

The sale of its electronic signature business contributed to Interlink Electronics Inc. posting a net loss for the third quarter when compared to a year ago. Full Story »

Virgin Galactic showed off for the public its SpaceShipTwo, a craft that will take passenger astronauts into sub-orbital flights as early as next year. Full Story »

In-Three will establish a facility in India to convert 2D films and video into 3D under a deal with Reliance MediaWorks Ltd. Full Story »

CITY HALL — Glendale could join a new coalition of San Fernando Valley government agencies where members would address regional issues and coordinate public infrastructure projects, under a proposal the City Council will review Tuesday. Full Story »

Reporting from Washington - The federal government projects $200 billion less in losses from its $700-billion financial bailout fund, which would free up some of the money to be used for new job creation efforts, according to a report to be released this week. Full Story »

Get licensed or get out. That was the directive Arizona regulators sent last year to a debt collector that has a reputation for harassing both debtors and creditors. Full Story »

Development: Owners cite city’s assistance efforts. When Heidi Stokka moved her fulfillment business out of Chatsworth to Simi Valley last month she was pleasantly surprised by the reception she received. Full Story »

Housing: Disjointed system blamed for problem. High affordability is fueling home sales in the San Fernando Valley right now. And the federal home buyer tax credit, which was recently expanded and extended until April 2010, has created heavy demand for properties in the $450,000 and less category. Full Story »

Real Estate: Team approach helps brokers weather market. Jeff Albee, senior vice president of Colliers International, is a “big picture guy,” when it comes to piecing together commercial real estate transactions in the greater San Fernando Valley region. Full Story »

Tix Corp. added to its stock repurchase program to 5 million shares from 1 million and extended the buyback period to three years. Full Story »

Workers at upscale clothing retailer Ruehl in Thousand Oaks will lose their jobs when the store in The Oaks mall closes its doors on Christmas Eve. Full Story »

HILLSIDE — Opponents of a proposed T-Mobile wireless antenna at Brace Canyon Park plan to take their case to the City Council and Planning Board. Full Story »

WASHINGTON -- Orders to U.S. factories unexpectedly rose in October, the sixth gain in the past seven months. It was further evidence that the manufacturing sector is beginning to recover, which will help support the overall economy. Full Story »

Edwards Simi Valley Plaza 10 is no longer operated by the Regal Entertainment Group. Full Story »

General Growth Properties Inc., which owns the Glendale Galleria and operates the Burbank Town Center, filed a plan Wednesday in bankruptcy court to restructure terms for $9.7 billion in secured mortgage loans in the hopes of relieving its debt obligations. Full Story »

In a momentous shift in the balance of power of the entertainment industry, cable television giant Comcast Corp. announced this morning that it was acquiring control of NBC Universal from General Electric Co. Full Story »