Stories for May 2005
Tuesday, May 31
NuTech Digital Inc. will distribute previously unreleased material from WEA, Warner Music Group's U.S. sales and retail company.
Calabasas-based RPMC announced that Cox will be the face of Valeant's line of Kinerase skin care products.
Wednesday, May 25
By consolidating federal, state and county programs and increasing spending slightly, the authors of a new policy brief from the UCLA Center for Health Policy Research say that the state can insure every resident.
Tuesday, May 24
A new survey shows that job hunters would prefer to snag a new laptop from prospective employers over the use of a company car.
Free phone service will be made available via the Internet through a new service offered from United Online, Inc., the company announced Wednesday.
Monday, May 23
Health care is in a mess and Valley-area businesses and their employees are caught in the middle with a host of factors coming together to cause rising costs and lack of access to treatment.
Councilwoman Wendy Greuel introduced a resolution in the City Council that would call on state leaders to deliver $16.6 million in additional transportation revenues guaranteed under Proposition 42.
Swelling cash coffers and pressure to deliver returns to investors has accelerated merger and acquisition activity by equity funds.
The bank is opening after raising $35 million in an an initial stock offering; many shareholders are Valley residents and business owners.
Businesses can't make decisions about health care benefits without taking into consideration problems in the workers' compensation system.
Local hospitals face many challenges, low reimbursement rates for services and labor problems chief among them. After a shakeout in which smaller facilities have been closed, the ones remaining try to develop specialties.
Steven's Nursery & Hardware, a 65-year-old Valley Village Institution, may close, a victim of high land prices.
Footage from Universal Studios Film Library is now available for licensing exclusively through Getty Images, Inc.
Growth is expected in nearly all sectors of the Valley economy this year, according to the CSUN San Fernando Valley Economic Forecast
Reporter Jeff Weiss says Valley-based Disney and Warner Bros. are locked in a virtual battle over online games.
Blue Cross of California is under scrutiny by the State of California over rate hikes.
Several Valley companies are reaping the benefits of interest by consumers for new features on their cell phones.
A year after the company acquired Universal Studios and paired it with its NBC division, NBC Universal is selling a 9-acre parcel that is part of NBC's Burbank campus.
Two local firms want to put the traditional yellow pages and other traditional forms of local advertising out of business.
Although many small-business owners feel they can't afford to offer health benefits to their employees, there are several options available for them.
Large companies have their own problems when it comes to providing health care to workers.
Local businesspeople and L.A. councilpeople will be watching closely to see how Mayor-elect Antonio Villaraigosa will work to invigorate the city's economy.
Owner of neighborhood grocery store gets backing from neighborhood council for zoning variance.
The exact extent of the so-called nursing shortage that has plagued the health care industry is open to debate.
Criticized as the only segment of the health care industry doing well these days, health plans still face some challenges.
A proposed ordinance that would temporarily halt development in the Warner Center area is not dampening interest by developers in building residential projects there.
Thursday, May 19
Vivid reports sales increases in Japan, Hong Kong, Taiwan and China and has started advertising on Spice, Playboy TV and radio programs.
The power conversion manufacturer will buy back shares over the next 18 months.
Wednesday, May 18
The 1.14 million square foot industrial property consists of 16 buildings in Ontario.
Northridge-based SmartSound will provide soundtrack creation tools and royalty-free music to Artbeats customers.
Monday, May 16
Subscribers in the greater Los Angeles area will be able to watch programming from different networks at any time of day.
Thursday, May 12
The logistics and delivery company will launch its first franchise, which will cover the San Gabriel Valley
Wednesday, May 11
A new eight-year contract is expected to generate $560 million per year for Woodland Hills-based Health Net.
The Valencia-based company will be working with the Iraqi League for Medical Professionals and will make medical models available to Iraqi Surgical teams.
Tuesday, May 10
City Commissioners would be required to list all benefits they receive from working with the City to the Council Ethics Commission.
The Amgen Foundation contributed $210,000 to teachers attending a summer science institute.
Monday, May 9
Roy Disney and Stanley Gold claim that the Walt Disney Co. made false statements to shareholders when searching for Michael Eisner's replacement.
Another buyer for a 1,000-acre contaminated parcel in the heart of the Santa Clarita Valley could be close at hand.
Before shaking hands on a deal to sell a business, the owner should consider several issues.
The planned opening of the Air Force One exhibit at the Ronald Reagan Library in Simi Valley is expected to boost the number of visitors to the area.
The Valley's neighborhood councils are increasingly starting to wield influence on issues such as land use and development.
Valley companies, venture capitalists take note of open source software.
Withdrawal from the American Stock Exchange seems to be working as the latest move for bringing auto paint and collision chain Earl Scheib on the road to recovery.
Knitting shops proliferate throughout Valley as new breed of enthusiasts takes to hobby.
As reports show venture funding down in Southern California, representatives of companies pitch their ideas in local session.
'Fat Actress' producer is anxiously awaiting word on whether the cable show will be renewed.
Reporter Jeff Weiss says Studio City TV production company Carsey-Werner LLC is off and running with the shooting of its first feature film.
Despite the planned sale of Adelphia to Time Warner and Comcast, businesses are expected to see little change in the production of local cable commercials.
In a massive restructuring effort designed to cut costs and eliminate overlap, Vitesse Semiconductor Corp. is dropping 12 percent of its workforce.
Senior Reporter Shelly Garcia writes that a bankruptcy court has set a date to auction off the Gold Mountain Enterprises LLC property in Encino.
Wednesday, May 4
The video game company recorded an 86 percent increase in earnings in the fourth quarter of its fiscal year, but said losses in the first quarter of fiscal 2006 would be larger than first expected.
The college's foundation is asking that area auto dealers each donate $25,000 to a scholarship fund.
Tuesday, May 3
The Woodland Hills company reported its revenues were down slightly from last year and that second quarter earnings will be lower than analysts expect.
The Burbank-based company will provide Cox with video on demand content.
Monday, May 2
Electro Rent Corp., an electronic and computer leasing company, has inked a deal to begin operating in China.
The Calabasas company reported a 30 percent increase in net income in its fiscal year 2005.
The Van Nuys company's Board of Directors approved a quarterly dividend of $0.50 per share to be paid on June 15.