Stories for July 2005
Friday, July 29
Gedas USA will resell two 5square applications, which manage the process of selling cars and provide data analysis to dealer, to its customers in the United States and Canada.
Wednesday, July 27
Quarterly revenue and net income for IRIS increased 51% and 259%, respectively.
Costs related to the acquisition of Music & Arts Center pulled down second quarter earnings somewhat.
Tuesday, July 26
Invitrogen Corporation will pay $130 million, or $12.50 per share for Camarillo-based BioSource International if the merger is approved by shareholders.
Camarillo-based Vitesse opened its first customer technology center in Taipei.
Monday, July 25
Franchisees have committed to building the new restaurants over an eight and a half year period.
The Calabasas IT consulting firm will merge with Sierra's Southern California office, which specializes accounting and finance, to expand its services.
Thursday, July 21
The center has cut the delinquency rate to 28 percent from 75 percent since taking over the Los Angeles Community Development Bank loan portfolio.
The company's new unit has a distributor base of over 400 associates.
Wednesday, July 20
Hospital officials say they will provide staff with additional coding education to keep up with Medicare standards.
Premiums written for the Woodland Hills-based auto insurer were almost unchanged from last year, while earnings dipped slightly.
Tuesday, July 19
Sale of Aranesp and Enbrel helped improve the outlook for the Thousand Oaks biotech giant.
Shares in Cheesecake Factory closed down 63 cents to $35.35 following the announcement.
Monday, July 18
WellPoint Division scours world for new business opportunities
Beating out 14 competitors, Chatsworth-based PCC Network Solutions has received a potentially lucrative wi-fi contract with the City of West Hollywood.
The Woodland Hills-based health insurer will provide medical insurance services under the Fresno County Healthy Kids program.
An L.A. zoning administrator sent officials at Wal-Mart back for a second review of the traffic study the retailer prepared for its proposed store at Nordhoff Street and Tampa Avenue in Northridge.
A Calabasas-based TV station will cater to horse lovers
Jeff Weiss reports that Panavision, the legendary movie camera maker, has received its first order for its new Genesis HD digital video camera
Camarillo-based entertainment powerhouse Technicolor has announced plans to extend its reach into the gaming world.
Mortgage firms have turned up the volume hoping to get a bigger share of a smaller market.
Jonathan Colburn reports on upgrades at a Santa Clarita oncology center that will improve radiation treatments.
Two brothers in the film production business are finding a successful business formula in Hollywood.
Senior Reporter Shelly Garcia writes about the formation of a multi-family housing unit at Sperry Van Ness by a group of former CB Richard Ellis brokers.
Commercial real estate brokerage CB Richard Ellis plans to combine its Sherman Oaks and Glendale offices.
Internet search technology firm Jambo announces the appointment of another NetZero co-founder.
Burbank-based Wolper Organization will produce reality programming related to Ringling Bros. Barnum and Bailey circus.
In an attempt to meet growing market demand, DeVry University's West Hills campus is rolling out a new associate degree program in health information technology.
Rising hotel insurance rates are helping to cause rising room rates.
Comerica Bank has relocated its West San Fernando Valley unit to an expanded branch located in Warner Center.
Universal Studios Hollywood has created a new position of promotions and product development.
A new hospital financing system that Gov. Schwarzenegger developed with the federal government has health care officials worried that they may be unable to keep up standards of care because of it.
Friday, July 15
Westlake Village-based networking storage solutions provider will use Series B round for marketing.
Thursday, July 14
Paula Wilson, who has worked at the clinic since 1992, will replace longtime CEO Ann Britt.
Wednesday, July 13
Pure Chemicals will represent American Soil Technologies and promote its products to major prospective customers.
The Northridge-based company said the deal will help the company manage its business with health care organizations across the country, and support its five-year worldwide federal sales contract.
Tuesday, July 12
21st's "Just Drive" campaign will encourage drivers to avoid distractions like talking on the phone, eating or applying makeup.
Monday, July 11
The bank, which launched last year, has reduced its net losses by 15 percent since the first quarter.
The Encino-based bank reported a net income increase of $0.15 per share in the comparable period last year.
Wednesday, July 6
DIS Co. subsidiary Westlake Canyon Partners acquired MorNorth Mortgage Holdings Inc. to help it take Japanese companies into U.S. public markets.
The company is partnering with Sprint to offer wireless service, custom handsets and applications targeted at families.
The San Francisco stations had been operating under local marketing agreements, but have now switched owners.
A.M. Best Co, the world's oldest insurance rating and information source, announced that Health Net's life/health and health maintenance organizations are under review with negative implications after a $117 million verdict in lawsuit against the company.
Tuesday, July 5
The California Court of Appeals today ruled that Rick Caruso, CEO of Caruso Affiliated Holdings, can proceed with a lawsuit against General Growth Properties that arose over plans to develop an open air shopping center next door to General Growth's Glenda
At the start of his first full week in office, the new Mayor of Los Angeles appointed an official Counsel to the Mayor to act as a legal and ethical advisor and asked all city employees to sign an ethics pledge.
The Camarillo-based network hardware company will allow TOYO to re-sell its products to Japanese carriers and service providers.
Monday, July 4
Traditional banks are changing the way they approach commercial lending.
The ninth annual installment of industry trade show Erotica-LA demonstrated attempts of the adult entertainment world to move more toward the mainstream
Mosaic Capital Investment Bankers is expanding in a push to corner a larger share of local, middle-market investment banking transactions.
Enforma Natural Products Inc., which has been in court for years debating Federal Trade Commission charges that it made unsubstantiated weight loss claims about its products, has filed for bankruptcy.
Guitar Center Inc. names one of its longtime executives to head an effort to expand overseas
Northridge-based Gamma Medica has taken a major step to be at the forefront of a technological revolution in the medical imaging industry with the purchase fo a company in Norway.
Corporate jet pioneer Clay Lacy has personally watched the business aviation industry soar in the Valley.
The CEO of Streamcast Networks, creators of the Morpheus software targeted by Hollywood as responsible for film and music piracy, is optimistic his firm will prevail despite a setback in the U.S. Supreme Court.
CHAD Therapeutics is crediting its home oxygen machine that allows pateitns to refill their own canisters for boosting earnings and revenue growth in the past year
THe Airtel hotel at Van Nuys Airport has launched a renovation and marketing campaign.
More smaller businesses considering the use of local jets in traveling.
Senior Reporter Shelly Garcia writes about the plans for nightlife underway in the redevelopment of North Hollywood
Paula Bethsebe, the CEO of the United Chambers of Commerce for only two months, resigns
Mayor Antonio Villaraigosa's stance on Stage 2 jets Van Nuys Airport is causing jitters in the private industry.
Despite an increase in business, local corporate aviation firms face some unresolved issues
Calig World Travel & Cruises in Woodland Hills is partnering with Altour, a multinational travel and leisure company