Bank of Santa Clarita announced its results of operations Tuesday for the year ended December 31, 2013, which net earnings exceeded the amount reported by the Bank in any previous year. The Bank, which is the only commercial bank headquartered in the Santa Clarita Valley, reported net earnings for 2013...

[USPS] – The U.S. Postal Service ended the 2013 fiscal year (Oct. 1, 2012 – Sept. 30, 2013) with a net loss of $5 billion. This marks the 7th consecutive year in which the Postal Service incurred a net loss, highlighting the need to continue to capitalize on growth opportunities, reduce costs,...

Tejon Ranch Co. posted higher profits for the three and six months ending June 30 compared to the year-ago periods, driven in part by higher almond prices and the return of the company’s hunting program, which had been suspended in 2012. The owner of vast swaths of farmland stretching from just...

Radio Shack Corp. posted quarterly losses Tuesday of $53 million (53 cents per share), down from a net loss of “only” $21 million for the second quarter of 2012. Operating losses deepened to $41 million from $14 million a year ago, even as same-store sales improved for the first time since 2010 (1.3...

Regal Entertainment Group earned $37.3 million in the final quarter of 2012 – nearly 10 times more than the $4 million it earned one year earlier – on revenues of $723.1 million (versus $613.9 million). Analysts knew it would be a better year-end for Regal, which operates operates 6,880 screens in...

Big Lots share prices jumped more than 11 percent Tuesday on the news that the deep-discount retailer’s third quarter wasn’t half as bad as everybody thought it would be, and because the company revised its full-year guidance for earnings from continuing operations upward to $3.05 per share...

MannKind Corp., the Valencia-based biomedical firm bankrolled by billionaire Alfred Mann, widened its third-quarter loss to $42.8 million (22 cents per share) from $38.4 million (31 cents attributed to fewer shares) a year earlier. The company, which has not yet brought a product to market, increased...

Community Bank, an independent business bank with 17 business centers in Los Angeles, San Bernardino, Riverside, Ventura and Orange Counties, today reported a 2.6% increase in net income to $7.0 million for the third quarter of 2012 compared to $6.8 million for the similar quarter in 2011. For the nine...

Shares of Lowe’s fell more than 5 percent Monday as the No. 2 U.S. home improvement retailer posted 10-percent lower earnings for the quarter ending Aug. 3 and failed to meet analysts’ expectations. Lowe’s, which operates 1,748 stores in the United States, Canada and Mexico including...

After posting a modest first-quarter gain and ending 2011 with a $1.154 million profit, Mission Valley Bancorp said Tuesday it lost $42,000 during the latest quarter ending June 30. The Sun Valley-based bank, which serves the San Fernando and Santa Clarita valleys, attributed the loss to the discounting...