Stories for February 2005
Monday, February 28
Two Valley Council members being challenged for their seats discuss local business and traffic concerns.
Mayoral candidate Antonio Villaraigosa says the city needs to take better advantage of its economic opportunities.
Developers can expect to assume greater and greater costs in order to satisfy the many and varied interests of community groups.
Neighborhood groups are getting at least one more chance to convince the city that more traffic improvements are needed before the Best Buy electronics store set for Sherman Oaks opens.
Academic institutions, businesses and government officials are undertaking an organized effort to train employees for the area's biotech industry.
Calabasas-based RPMC spans the globe with its travel and event productions for major corporations and radio and television broadcasters.
Staff Reporter Jonathan D. Colburn tries to build the perfect mayor for the Valley business community
CSUN panel of experts will discuss the Valley's real estate outlook.
Hospitals are stepping up their orientation and education programs for new graduates, hoping to keep nurses happier.
The two offices will coordinate the company's business in France and Italy.
Just a few years ago, developers wouldn't go near condos. Now there are more than 3,000 new condos or conversions in the Valley.
Senior Reporter Shelly Garcia reports that the development boom underway in the Valley illustrates a big change in the makeup of the area.
Success of its core products has helped bring THQ Inc. stock close to new highs.
Takeo Sasaki will take over for Joseph W. Kiley III, who will remain president and CEO.
Christian Broadcaster Salem Communications has diversified its portfolio as it distinguishes itself in the industry.
WellPoint says it will invest $35 million in community clinics throughout California.
Wednesday, February 23
Residents can give their opinion on the proposed master plan before it heads to the Planning Commission and City Council committees.
The wife of comedian Adam Carolla and ex-wife of Jimmy Kimmel, along with publicist Kim Sudhalter, have opened a new spa. The three partners will hold a grand opening on Friday at 8 p.m.
The Encino-based company says it can target local customers for advertisers on a budget.
The new facility has 85 suites and a resident capacity of 102.
Tuesday, February 22
December average room rates in the Valley rose over last year, while occupancy fell.
Monday, February 21
The Glendale-based company was recently named the number one infant/preschool video brand in 2004.
Thursday, February 17
The Topanga redevelopment will create one of the five largest shopping centers in the United States.
The magazine, owned by American Media Inc., will move from Woodland Hills to Florida.
Wednesday, February 16
Feinstein will give a report on state and national issues at a forum for businesses to learn more about recycling opportunities.
Tuesday, February 15
The Woodland Hills-based online wagering company will launch a horse racing Web site in March exclusively for customers in mainland China.
Councilmember Wendy Greuel is proposing that the city sell advertising space on vehicles and use the money to hire new police officers.
Properties sold include one location in Van Nuys and three others in the Los Angeles area.
Monday, February 14
The weak dollar is keeping more productions at home in Los Angeles, but it's not expected to last.
Federal funding is vital in fixing Southern California's traffic crisis, according to the Auto Club.
Staff Reporter Jeff Weiss writes that the Valley's adult industry is doing much more than just making movies.
The Business Journal presents a compilation of each mayoral candidates' specific views and records on taxes, public safety, land use and traffic.
Bernard Parks has made business interests a pillar of his campaign for mayor, speaking out for landlords, and promising to encourage industrial companies to set up shop in Los Angeles, rather than relying on service industries as the primary economic move
Salem Communications Corporation will pay about $3.4 million for Christianity.com
The Valley Economic Development Center has announced it has received a federal charter to open a credit union in Pacoima
Local officials are waiting and hoping that an impending sale of Boeing Co.'s Rocketdyne unit in the Valley will not have a major impact on the company's local facilities.
A bankruptcy court judge last week granted a motion to put Gold Mountain Enterprises LLC into Chap. 11 bankruptcy, a move that could speed up the timetable for the sale of the development company's Ventura Boulevard property in Encino.
With vacancy rates dropping and construction costs rising, office rental rates could rise.
The California Division of Workers' Compensation (DWC) has approved new regulations that offer employers more control over medical care than ever before
Some of the Valley's local business organizations are quietly advancing their own agendas as they grow into stronger political players.
With supper clubs and other trendy spots opening, it's not your father's Ventura Boulevard anymore.
Valley small cap companies may be suffering through a difficult fourth quarter.
Recent drops in workers' compensation rates in California may not signal an end to the statewide crisis, according to a report.
Local file sharing companies wage battle in digital music industry.
Due to several factors, many local firms have yet to feel the effects of the drop in the dollar.
In doing their jobs, where do council members with politics in their blood diverge from their colleagues who come from private sector backgrounds?
Thursday, February 10
Sun Valley-based PMC owns and operates over 30 companies in chemicals, pharmaceuticals, electronics, machinery and plastics worldwide.
Health Net of California's new HMO will offer employers in eight counties savings between five and 14 percent off the current statewide network.
TOP DOGG Grill & Ice Cream Parlor will recreate the feel of an early 20th Century soda shop.
Wednesday, February 9
The Chatsworth medical device manufacturer expects to finish its fiscal year with a net earnings increase of at least 80 percent.
The Woodland Hills company reported revenues of $119.6 million, up 23 percent from $96.9 million the year before.
The La Canada-based retailer opened two new locations during the quarter, and plans to open three stores in the Arizona market this year.
The Woodland Hills-based insurer said that full year earnings were impacted by recent legislation related to taxes on dividends.
The company's share rose on news that it was acquiring Maryland-based Music & Arts Center.
Tuesday, February 8
The Woodland Hills-based company reported that $252 million in special expenses dragged its earnings down, but predicted a more stable 2005.
Monday, February 7
Shares in the Glendale-based company began trading on the New York Stock Exchange today, the shares closed at $13.80, up 80 cents.
Over 6.5 million Californians under 65 went without health insurance at some point in 2003.
The Westlake Village-based semiconductor manufacturer reported a 113 percent increase in net income for its fourth quarter.
Friday, February 4
The Airport Authority will vote next week on an agreement that will postpone any terminal expansion or new airline gates for seven years.
The Calabasas provider of IP network testing reported earnings of $7.6 million in its fourth quarter compared with $2.3 million the year before.
Thursday, February 3
If approved, the acquisition would increase the Camarillo bank's assets to over $450 million and bring the number of banking offices to 10.
The Camarillo company reported losses of $9.1 million in its fourth quarter.
The Westlake Village-based company reported its fourth quarter earnings jumped nearly 80 percent.
After two months, the bank reports over $22.2 million in assets.
Wednesday, February 2
The discount retailer will be the fifth anchor at Topanaga, the store is scheduled to open in the fall of 2006.
The Calabasas video game publisher exceeded analysts expectations and posted record sales in its fourth quarter.
The Calabasas-based company reported a 39 percent drop in net earnings for the fourth quarter.
California employers more likely to spread health care costs among employees, but worry about workers going without coverage and losing productivity.