Stories for October 2005

Thursday, October 27

Guitar Center Reports Third Quarter

Guitar Center Inc. today reported net income increased 16.1 percent to $14.4 million or $0.51 per diluted share on revenues of $421.1 million for the third quarter ended Sept. 30.

Wednesday, October 26

21st Century Reports Net Income and Expansion Plans for 2006

21st Century Insurance Group reported net income of $21.1 million on written premiums of $349.1 million compared with a net income of $24.6 million on written premiums of $346 million during the same period last year. The company noted that the third quar

Business Group Tackles Housing Shortage

An advocacy group for the city's businesses today called for a program of legislative reform and tax incentives to increase the housing stock.

Tuesday, October 25

Countrywide Expands in Florida

Following earlier announcements that the bulk of its future expansion would come outside California, Countrywide Financial Corp. has purchased two buildings in Tampa, Fla. with plans to ultimately house between 900 and 1,100 workers in those facilities.

IHOP Adds Franchisees

IHOP Corp. has signed up 10 new franchisees, agreements that will result in an additional 46 IHOP stores over the next 11 years, the company said today.

Monday, October 24

Some Personalites Behind the Firms

The personalities behind some of the fast-growing firms.

Quiet Companies Soar Under Radar

A wide variety of industries make the list of the 50 fastest growing private

Looking at Succession Plans From a Different Perspective

Family Business Center program looks at succession planning from a different perspective.

Industry in Scramble for Talent

Competition is heated among public accounting firms as they scramble to hire

Valley Apartment Rental Rates Rise, Supply Still Tight

Senior Reporter Shelly Garcia writes that Valley apartment rates have risen as supplies remain tight.

The List's Best Performing Companies in Four Revenue Categories

Best performing companies in four revenue categories.

Firms Take Financial Side of Growth Into Own Hands

Many owners of the Valley's fastest growing companies talk about some of the most difficult aspects of growing private firms.

Rush for Compliance Creating Burnout in Industry

Some accounting professional cope with burnout.

IRS Putting Tighter Reigns on Small Business Owners

The Internal Revenue Service has begun to scrutinize S corporation businesses more closely.

Executives Tell Why Growing a Firm Can Be So Hard

Executives of the fastest growing companies talk about some of the most difficult aspects of growing private firms.

Firms Expand Offerings

Many accounting firms are providing assistance with a range of services, from litigation support to business valuations and even merger and acquisition consulting.

Companies Use Tried and True Recipes for Success

How do some companies sustain their high level of growth.

Tech Firm's Flexibility at Adapting to Changes Adds Greatly to Growth

PCC Network Solutions has found success after changing its business model to grab more tech business.

Stories of Some Top 10 Firms

Stories of some of the top 10 firms

Company Markets Mortgages As Financial Service of CPAs

Company markets mortgage service through accounting firms.

Move to Private Status is Fruitful

The largest company making the list of the 50 fastest growing companies in the area is Dole Food Co.

Thinking Globally a Necessity for Most Companies

Becoming a global business has become a necessity for many companies.

Friday, October 21

Ixia Net Rises, Results Disappoint

Shares in Ixia, a provider of IP network testing products, took a dive late Friday after the Calabasas-based company missed analysts' expectations.

Thursday, October 20

Image Continues Talks With Lions Gate

Chatsworth-based Image Entertainment Inc., has announced an update from the special committee of its Board of Directors on the proposal made public by Lions Gate Entertainment Corp. on September 13.

Holiday Sales Projected to Be Modest

The International Council of Shopping Centers today issued projections for the upcoming holiday season.

Tuesday, October 18

Jambo Raises $5 Million in Venture Funding

Agoura Hills-based Jambo has raised $5 million in venture funding from Kline Hawkes & Co., Westlake Venture Partners, and Gary Leff and Associates.

Robbins Bros. Opens in Houston

Less than a year since it secured new financing partners, Robbins Bros., World's Biggest Engagement Ring Store, has opened its first store outside California.

Monday, October 17

Cherokee Boosts Dividend

Cherokee Inc. said Monday that it will increase its quarterly dividend payable to shareholders by 9 percent.

Friday, October 14

IHOP's Same-Store Sales Rise

IHOP Corp. in Glendale attributed the increase to two promotions that ran during the summer and fall months.

Providence Health System Names New Cancer Services Director

Tamara Sutton will oversee all cancer services at Providence's faciities in Burbank, Mission Hills, Tarzana and Valencia.

Monday, October 10

Holy Cross Health Center To Open in Santa Clarita

Jonathan D. Colburn reprotes that Providence Health System is set to open a health center in Santa Clarita.

M. David Paul Buys NBC Property

M. David Paul emerges as the winner in the sale of a large parcel of NBC Universal property in Burbank.

DVD Cpmpanies Brace for Mergers

As the home video market matures, many are forecasting consolidation in the DVD marketplace.

Valley Built to the Hilt

Supply in the greater Valley office market is dwindling

Health Net Names New Chief Medicare Officer

Sam Srivastava will be responsible for the company's Medicare Advantage and Prescription Drug Program.

Will Workers, Employers Be Satisfied With Orange Line

Will Valley workers take the new Orange Line rapid busway.

'Indie' Company Moves Into Feature Films, Valley

Independent distributor Cinamour Entertainment LLC plunges into feature film production.

Developers to Build Huge Industrial Center in Moorpark

Columnist Jeffrey R. Knakal outlines five different options for increasing equity value of a company.

Zenith Focuses on Core Products After Katrina Decision

Zenith National Insurance focuses on core products after exiting reinsurance business after Hurricane Katrina.

CSUN to Start Trade Program

California State University, Northridge, is developing an undergraduate program specifically focused on international trade.

Companies Having Renewed Interest in Hiring MBA Grads

Companies find a renewed interest in local MBA graduates.

Five Options for Increasing Your Firm's Equity Value

Columnist Jeffrey R. Knakal outlines five different options for increasing equity value of a company.

Paseo Sepulveda Grand Opening Set

The six-acre project will include AJ Wright, Starbucks, Coldstone Creamery, Tacos don Chente and Walgreen's.

Bills Resigns After Decades

Robert Bills resigns as CEO of Valley Presbyterian Hospital.

Purchaser Says It Will Upgrade Valley Hospital

No changes in management or layoffs are expected with the sale

Sabeus Purchases Valley Laser Firm

Calabasas-based sensing systems manufacturer, Sabeus Inc. has purchased Van Nuys-based Aragon Technologies Inc.

'Vivid Valley' Takes Reality TV to Local Adult Industry

Reality show goes behind the scenes of Valley's adult entertainment industry.

Settlement Gets Homestore in Shape for More Growth

Financial Settlement puts Homestore Inc. in place for further growth.

Health Insurers Marketing Medicare Plans to Seniors

Local health insurers work to market Medicare drug plans to seniors.

Friday, October 7

Northridge Business Plaza Sold

A center housing companies like ReMax, Facey Medical and Allstate in Northridge was sold for $16 million.

Wednesday, October 5

Air Group to Unveil New Jersey Hangar Complex

The $15 million facility is scheduled to open in the fall of 2006, and will consist of two 30,000-square-foot hangars.

California Credit Union Opens Valley Branch

The credit union is opening its third Valley branch.

Tuesday, October 4

Electro Rent Expands in Belgium

The purchase of a Belgium-based company follows an operating alliance, which has been in place for years.

Iris Shares Hit 52-Week High on VA Test System Order

The agreement will see the company selling 23 urine analyzers to the Department of Veterans Affairs.

Monday, October 3

PS Business Parks Completes Property Sale

The Glendale real estate investment trust its proceeds for working capital.

Vitesse Lowers Fourth Quarter Revenue Forecast

The company expects to report $48 million, down from about $53 million.

Judge OK's Health Net and Prudential Settlement

The HMOs will pay about $167 million in settlements to end a class action suit brought by hundreds of thousands of doctors.