Stories for March 2002
Monday, March 18
StemSource is making do with the $2.5 million it raised last fall in its first round of funding. About half came from a medical device company, the rest from family, friends and individual investors.
Despite the tough investment climate and the slowdown in Internet technology spending, one local software developer has raised $9 million of a $12 million financing round from both new and existing investors in its fourth funding round.
When Stephen McCormack went to work for AlleCure Corp. two years ago it was as the start-up's president, CEO, board director and first employee. It was also his first job as a manager in the private sector after 18 years in medical research.
Digital Insight Corp. is going on a buying spree. The Calabasas-based provider of customized Internet sites for small- and mid-sized banks and other financial institutions late last month registered its intent to issue a public stock offering to fund an a
In the last 25 years, the biotechnology industry has been responsible for a number of discoveries that have improved health care throughout the world. Even more promising achievements are in various stages of development all over the world, including the
Biotech: A Step Toward The Future. Special Report: When Alfred E. Mann agreed to build an $80 million research complex to house MiniMed Inc. (now Medtronic MiniMed) at Cal State Northridge, many figured it, and the help he planned to give to boost the s
Biotech: A Step Toward The Future. Special Report: Scores of biotech firms in the San Fernando Valley are in the midst of developing new therapies and medical devices, but only a handful are likely to see their products come to market anytime soon.
Biotech: A Step Toward The Future. Special Report: The founders of Amgen Inc. may have been armed with $19 million in startup capital, but even they didn't have a solid idea about what they were going to use it for when they first launched the company in
Commentary by By PETER A. JOHNSON and ROBIN VAUGHESE
Politics by Jacqueline Fox. Representatives of Valley VOTE, the group spearheading the secession drive, say they are getting warm and fuzzy feedback from city employee unions regarding its proposal for transferring workers to a new San Fernando Valley ci
Biotech: A Step Toward The Future. Special Report: Today, for investors interested in the biotech sector, the promise of a revolutionary new drug or therapy is not enough. They've got to see a viable business plan too.
Bring it on. That's the sentiment of one DSL Internet service provider in the San Fernando Valley regarding a bill making its way through the U.S. Congress that could give Verizon Communications and three other regional Bell telephone companies clearance
Toyota of North Hollywood is set to begin a $4 million expansion that will net the dealership a brand new showroom and an expected 14-percent increase in monthly car sales.
R. Steven Davidson's Zengen has leveraged a profitable over-the-counter cold remedy into even more ambitious research projects
After a quarter century of manufacturing toxic gas detection systems for industry, Interscan finds itself in the middle of today's headlines
Monday, March 4
Countrywide Credit Industries is going into the banking business. The newest division of the Calabasas-based financial services giant has opened four branches in the San Fernando Valley and, if successful, will follow up with more throughout the United St
The ongoing investigation into improper accounting practices at Enron and other high-profile corporations is driving even the most unimpeachable businesses to revise their reporting procedures and their investor relations programs.
West Valley cable television viewers are the first in the United States to have a 402-channel lineup, say Time Warner Cable officials, who have tripled their channel choices in the last two months as part of an effort to compete with satellite television.
Superior Industries Executive Vice President Steven Borick finds doing business in Mexico saves money but is not free of restrictions
ashington Mutual Bank officials say a recent string of ads in the Los Angeles Times featuring a frog known as "The Boss" that may have cost as much as $400,000 was intended to dispel misconceptions that the proposed 3,050-home Ahmanson Ranch would threate
"Vision 2020: The San Fernando Valley" is a project recently completed by the Economic Alliance of the San Fernando Valley with the intention of creating a unified and viable vision for the community over the next two decades. But everybody has their own
The homework assignment dovetailed beautifully with the lesson plan in a fifth-grade class at Kester Avenue Elementary School in Van Nuys one day last month.
Demonstrating financial savvy unusual in the world of nonprofits, the Valley Community Clinic pulled off a deal last month that allows it to acquire its own $5.5 million building in North Hollywood.
Rochie's Greek Row has survived earthquake and personal tragedy as it outfits fraternities and sororities at Cal State Northridge and other universities.
Covey: 'Companies have pulled back on budgets... shelved products and haven't deployed new applications.'
If and when the Local Agency Formation Commission (LAFCO) agrees to put a secession initiative on the ballot in November, the floodgates for financial contributions to Valley city council and mayoral races are certain to bust wide open.