Stories for December 2005

Friday, December 30

Time Warner to Offer Family Choice Tier

Time Warner Cable announced that it will launch a new Family Choice Tier during the first quarter of 2006. It will include 15 family-friendly channels and can be ordered by anyone who subscribes to the minimum basic service tier. Increases Horse Racing Content

Woodland Hills-based., Inc. has announced that its advanced deposit wagering website has gained the right to simulcast all of Magna Entertainment Corporation's live horse racing content during the 2006 season.

Thursday, December 22

TechnoConcepts Raises Funds

Company raises $3 million from institutional investors

Cooper Named to City Panel

Valley businessman Martin M. Cooper confirmed for Quality and Productivity Commission

Tuesday, December 20

VICA Head Bonny Herman Resigns

Longtime President/CEO leaving to head non-profit group

Monday, December 19

No Small Achievements

Valley companies honored for their success in SCORE program.

Developing Priorities

Magarita De Escontrias, East Valley administrator for the Community Redevelopment Agency, outlines organization goals.

Physicians Push on Pay

Physicians get increasingly vocal in confronting insurance companies on reimbursement policies.

Executives Charting New Course by Learning to Fly

Valley executives learn how to fly to increase efficiency of their work.

Valley Unemployment Claims at a Record Low

Valley unemployment insurance claims hit a record low.

VEDC Loss of Small Center Bid to Prompt Layoffs

The Valley Economic Development Center's loss of a bid to host an SBA program will prompt layoffs.

Diagnosis: More Technology

Physicians learn to cope with changing technology in the health care industry.

Sherman Oaks Hospital Plans are Outlined

Purchaser of Sherman Oaks Hospital outlines plans for improvements

Health Care Leadership Award Winners

Those active in the Valley health care industry tell their stories.

L.A. Times Property Could Bring Debate Over Site's Use

Senior Reporter Shelly Garcia writes about a possible debate that could develop over the 26-acre site that the L.A. Times is vacating in Chatsworth.

Industrial Condos to be Built in Sylmar

Voit Development Co. plans to build a 200,000-square-foot industrial park in Sylmar.

Report Cites Continued Porn HIV Risks

A report cites continued risk of another HIV outbreak in the adult entertainment industry.

Tighter Standards Loom for Hospitals on Patient Saftey

Tighter patient safety standards loom for hospitals.

What's Next for Cherokee and it's Successful Brand Strategy?

Accustomed to huge growth, Cherokee has a flat quarterly performance.

Software Company Executive Gets Taste of Food Business

Executive at software consulting firm makes foray into food business.

'Calabasas' Goes National With Big Apple Expansion

Jeff Weiss reports on the national growth of "Calabasas" magazine

Friday, December 16

Guitar Center Announces Preliminary Agreement to Settle Lawsuit

Guitar Center has reached a preliminary agreement to settle two class action lawsuits brought by hourly employees who claim that the company improperly documented and enforced break-time and lunch periods in California.

Thursday, December 15

William Daniel Named ONEgeneration CEO

William Daniel has been appointed Chief Executive Officer of ONEgeneration, which provides senior and intergenerational services throughout the San Fernando Valley

Valley Unemployment Hits Record Low

California State University, Northridge researches have reported that the Valley's economy registered a record low number of unemployment claims for the month of October, evidence that they claim displays that the Valley's economy is on a strong growth pa

Wednesday, December 14

NTS Reports 85% Earnings Jump

Calabasas-based National Technical Systems, Inc. has announced increased earnings for the third quarter of its fiscal 2006, reporting an 85 increase in net income to $590,000.

Monday, December 12

Third Annual Health Care Leadership Awards Announced

On Wednesday, December 7 the San Fernando Valley Business Journal held its third annual Health Care Leadership Awards to honor those who are working to improve health care in the greater Valley area.

Panel Expected to Recommend Changes to SOX

An advisory committee examining the effects of the Sarbanes-Oxley Act on small cap public companies is scheduled to deliver its preliminary recommendations on Wednesday.

Thursday, December 8

Earl Scheib Reports Increased Profits

Earl Scheib Inc. reported today that net income rose to $315,000 or $0.07 per diluted share for the company's fiscal second quarter ended Oct. 31, compared to earnings of $21,000 or $0.00 per diluted share for the comparable period last year.

Tuesday, December 6

Cherokee Earnings Flat

After many quarters of dramatic income increases Cherokee Inc. today reported its net earnings for the quarter ended Oct. 29 were flat against the prior period last year on a 5 percent increase in revenues.

Ed Masry, 73

Edward L. Masry, the attorney whose legal battle against Pacific Gas & Electric Co. was depicted in the hit film Erin Brockovitch, died today after a long illness.

WellPoint Forecast Misses Expectations

WellPoint, which owns Thousand Oaks-based Blue Cross of California, announced that it expects to report earnings of $4.69 per share in 2006, while analysts were expecting about $4.76.

Monday, December 5

United Online Set to Dial Into New Business Strategy

United Online, which has relied on a business model with a limited shelf life, has adopted a strategy of diversification.

LA Times Closing Its Chatsworth Facility

The Los Angeles Times has announced that it's shuttering its sprawling 26-acres Chatsworth newspaper-printing facility. The move will result in 110 local job cuts.

With New Law, It's Time to Take Look at Estate

The existence of a new law makes it a good time to review your estate plan.

Entertainer Tesh Self-Syndicates Radio Show

From studios in Sherman Oaks, Entertainer John Tesh is self-syndicating a show throughout the country.

Order Leaves Future of File-Sharing Firms in Question

Jeff Weiss reports that the future of local fil-sharing firms is in question.

Funding Boosts Program for Helping Biotech Field

A CSUN program designed to help educate some of the state's future biomedical researchers has received money to expand.

IRS Preparing New Campaign Against Cheats

The Internal Revenue Service prepares a new war against tax cheats.

As Cities Go Wireless, Strix Uses Cash to Expand Reach

Flush with venture cash, Calabasas-based wireless networking company Strix Systems is planning a major expansion of its engineering, marketing and sales organizations.

MannKind Hires Away Talent as it Moves on Device

Valencia-based MannKind has hired talent away from some of the world's top pharmaceutical businesses to help it push foward in its efforts to get inhaled insulin to market.

Broader Focus

Lanny Raimondo, CEO of Technicolor, helps the 90-year-old company keep up with the times.

Health Net Boosts Marketing Amid Increase in Profit, Stock

Amid a doubling of its stock price, Health Net raises its public profile. Buys Manufacturer of Bet-Placing Tools

Online wagering company buys a manufacturer of bet-placing machines.

Broker Finds Dealmaking in China Surprisingly Familiar

Senior Reporter Shelly Garcia writes about a local real estate executive who touted the Valley-area's attributes on a trip to China.

Multifamily Owners Divesting

Sellers believe that the market for multifamily investment properties has peaked, and they are rushing to divest their properties while the getting is still good.

Group Works on Long-Term Strategies on Local Land Use

A group affiliated with the Economic Alliance of the San Fernando Valley is the midst of a three-month-long project to re-evaluate the region's land use philosphies.

Online Brokers Challenge Traditions of Real Estate

Online Brokers challenge the traditional real estate system.

Latin American Banks Targeting Valley

Latin American banks are moving aggressively into the U.S. market, with several expected to open in the San Fernando Valley.

Wealth of Information

IT consultant helps corporate information technology departments communicate more effectively with management.

Plastic Surgery Center Uses Family Relationships to Succeed

Plastic surgery center uses family to succeed.

Thursday, December 1

Industry Group Says Garamedi Will Force Disability Insurance Rates Up

The Association of California Life and Health Insurance Companies, America's Health Insurance Plans, the American Council of Life Insurers and the California Chamber of Commerce filed a complaint against Insurance Commissioner John Garamendi, saying that

Image Entertainment Signs Deal with Vibe Magazine

Image Entertainment, a licensee, producer and distributor of home entertainment programming has signed an agreement with Vibe Magazine to produce and distribute a line of Vibe-branded CDs titled "Vibe Revolutions."