Stories for November 2005

Wednesday, November 30

101communications to be Renamed in January

Chatsworth-based publishing firm, 101communications has announced that Application Development Trends magazine will be renamed Application Trends, effective January 1, 2006.

Tuesday, November 29

Colliers Seeley Acquired

Colliers Macaulay Nicolls Inc., the largest member of the Colliers International global network of commercial real estate brokerage companies, has acquired a controlling interest in Colliers Seeley, the network's Southern California-based brokerage.

Monday, November 28

Public Storage and Shurgard Reach Confidentiality Agreement

After rebuffing its offers to discuss a merger several times over, Shurgard Storage Centers Inc. has agreed to allow Public Storage Inc. to participate with it as the company explores strategic alternatives, including a possible merger with Public Storage

Zenith Files 13.1% Worker's Comp Reduction

Zenith National Insurance Corp. has filed with the California Department of Insurance to reduce its worker's compensation rates in California some time on or after January 1 of 2006. The rates will be an average of 13.1 percent lower than rates in effect

Monday, November 21

Power-One Patent Lawsuit Could Shape Firm's Future in Industry

Power-One Inc.'s future coudl hinge on a lawsuit it has filed against a competitor.

Workplace Laws Can Present Dilemma to Employers

Sexual Discrimination issues have morhped into the oddest of situations.

Technicolor Emerging as Leader in Rollout of Digital

Reporter Jeff Weiss tells how Technicolor is one of the leaders in the rollout of digital cinema systems.

3D Systems is Latest Firm to Leave Area

In another blow to the greater Valley area, Valencia-based 3D Systems Corp. announced it is moving to South Carolina.

Leaders Seek Local Education Reform Strategies

Leaders from business, academia and the community meet to come up with strategies on how to fight problems in education.

Company Tries European Shoe Experiment in Valley

A New York entrepreneur is test marketing a new shoe store concept imported from Europe in Westfield's Topanga shopping center this holiday season.

Infomercials: Take Two

A Valencia firm has a new take on the production of infomercial-related shows.

Leaders Tell How to Form a Team

Leaders at three local tech-related forms talk about building a successful senior management team.

Publication Wins Honor From Black Chamber

Black Meetings & Tourism, a bi-monthly trade publication, was awarded the first annual Small Business of the Year award by the Regional Black Chamber of Commerce of the San Fernando Valley.

City Officials, Businesses Meet with Councils

The Alliance of Neighborhood Councils tries to bring business, bureaucrats and neighborhoods together.

Gift Tax Exclusion Becomes Tool in Year-End Planning

With the holidays approaching, it's time for year-end tax planning.

Traditional Manufacturing Business Moves Into New Frontier

Box manufacturer Marfred Industries is getting into the marketing and brand development business.

New Bar Head Seeks Diversity

San Fernando Valley Bar Association President Richard Lewis is looking for his organization to reach out and become a more diverse group.

Bankruptcy Changes Could Cause Attorneys Headaches

New bankruptcy laws may make it too risky or too expensive for some law firms to handle cases.

Wage, Hour Issues Deluge Employers and Lawyers

Changes in the law and a clamp down by insurance companies have caused a surge in wage and hour cases.

Internet Group Getting Higher Profile in Disney Plans

North Hollywood-based Walt Disney Internet Group is front and center as Disney tries to diversify its interests.

Friday, November 18

Disney Net Declines in Quarter

Citing a $313 million loss from the company's film unit, The Walt Disney Company reported a 27 percent drop in its fourth quarter earnings to $379 million in quarter ended Oct. 1, versus $516 million in net income for the same period last year.

Gas Prices Drop

The price of gasoline in California fell to the lowest levels in three months, dropping to an average of $2.582 per gallon, according to a survey conducted by the Federal Energy Information Administration.

Villaraigosa Addresses UCC

Mayor Antonio Villaraigosa called upon more than 430 people in attendance at the United Chamber of Commerce's First Annual Mayor's Luncheon, encouraging the Valley's business leaders to join in his effort to reform Los Angeles' education system.

Tuesday, November 15

Strix Secures $12 Million in New Funding

Strix Systems, a developer of wireless mesh networking solutions, has secured $12 million in preferred stock financing.

Wednesday, November 9

Homestore Posts Second Profit in Year

Homestore Inc. posted its second consecutive profitable quarter on the heels of an announcement by a private equity fund to invest $100 million in the company.

Monday, November 7

Local Retailers Optimistic About Holiday Shopping

Local retailers are projecting high single-digit and even double digit increases this holiday season.

Weiss Says Walgreens Project Complies With Rules

City Councilman Jack Weiss defends the decision to allow a Walgreens to come into a Sherman Oaks neighborhood.

Westlake Village at Crossroads

A long-awaited environmental impact report for a controversial Westlake Village

Planning Audit Brings Statistics to Back Up Gripes

Senior Reporter Shelly Garcia writes that the recently released audit of the Los Angeles City Planning Department brings facts and figures to back up the complaints developers have had for years.

Sisters Help Move Industrial Company to New Levels

Three women are succeeding selling industrial tools and supplies in a business traditionally dominated by men.

Will We Find a New Generation of Manufacturers?

Can the area count on younger generations to carry on manufacturing traditions?

Homestore Gets $100 Million

A private equity firm has agreed to invest $100 million in Homestore Inc. The newly created firm, Elevation Partners, manages $1.9 billion in investments in media, entertainment and consumer-related businesses.

Debut of Orange Line Drives Paper's Staff to Get on Board

Business Journal editorial staff members try to get into the mass transit mindset with the debut of the Orange Line.

Propositions Have Business Impact

Several propositions on the Nov. 8 ballot have ramifications for business.

Venture Firms Eye Hispanic Market

The growth of the Hispanic market has caught the eyes of venture and equity finance companies just as it has the business world in general.

Firms Face New Global Agreements

Several new trade agreements are expected to come online that will affect

High-Deductible Plans Spark Launch of Health Programs

As more people move to high-deductible plans, health insurance companies are creating programs to give patients more information to make decisions.

Wildcat Acquisition Brings Roster of New Major Clients

Wildcat Communications purchases Arizona-based K & B; Electronics in a move that could double its revenues and employees.

Valley Posts Job Growth in Lower-Paying Positions

Unemployment dropped throughout the San Fernando Valley in the past year but so did some of the highest-paying jobs, according to a recent report.

Valley Companies Think Globally at Conference

Conference focuses on the benefits and pitfalls of international trade.

Lean Manufacturing Takes Hold, Causes Some Tension

So-called "lean" manufacturing is becoming a permanent fixture at companies - but at a price.

Owner's Experiences Reveal Hurdles for Small Companies

San Fernando business owner's experiences illustrate the challenges for local manufacturers.

Community Bankers Seeking Exemption to Sarbanes-Oxley

A local community banking trade group is asking the legislature for reforms to the Sarbanes-Oxley Act for its members.

Business Brokers Match Companies

Business brokers match local manufacturers.

Saturday, November 5

Leyner Receives Fernando Award

Businessman J. Richard Leyner received the 2005 Fernando Award on Friday, the Valley's highest honor for volunteerism.

Friday, November 4

On Assignments Reports 33% Revenue Growth

On Assignment, a professional staffing firm specializing in scientific and medical positions, reported net earnings of $1.8 million or $0.07 per diluted share on revenues of $66 million for the third quarter. Revenue increased by 33.1 percent compared wit

George A. Smith, 70

Funeral services will be held on Monday, Nov. 7 for entrepreneur and philanthropist George A. Smith, who passed away after a long battle with cancer.

Tuesday, November 1

PS Business Park Reports Strong Income Increases

PS Business Parks Inc. today reported net income attributable to shareholders of $14.3 million or $0.65 per share for the third quarter ended Sept. 30, compared with $2.8 million or $0.13 per share for the comparable period a year ago.

MBA Opposes Change in Mortgage Deductions

As might be expected, the Mortgage Bankers Association today released a statement opposing several of the proposals issued by the President's Advisory Panel on Federal Tax Reform.