Stories for December 2006
Friday, December 29
River project's effects on residential and commercial properties will be discussed and LAUSD Superintendent David Brewer will headline dinner.
Thursday, December 28
With partnership, United will be able to offer its customers easier upgrades from dial-up.
Valley Presbyterian Hospital has been designated as a medical facility best equipped to care for heart attack patients brought in by ambulance by the Los Angeles County Department of Health Services' Emergency Medical Services Agency
Order opens up new market for Newbury Park-based firm's detection equipment.
Wednesday, December 27
SAGE Publications will begin publishing the journal Gifted Child Quarterly beginning Jan. 1.
Wellington, Boca Raton acquisitions expand company's portfolio.
Tuesday, December 26
The Walt Disney Co. amended its bylaws to provide for a majority vote standard for the election of directors in uncontested elections.
Interlink Electronics, Inc. reported a third straight quarter of net loss for the fiscal year in filings made with the U.S. Securities and Exchange Commission.
Friday, December 22
Although the volume of home sales continued to slow in November, the majority of greater San Fernando Valley communities saw a continued escalation in home prices, in some cases experiencing double digit increases.
Universal Studios Hollywood will eliminate all trans-fat food and introduce a healthier menu starting Sunday.
Thursday, December 21
Raytheon Co., a defense contractor that has a service center at Van Nuys Airport, has sold its business jet division to a new company created by a private equity firm.
Judge says Assembly bill thatgave the L.A. mayor some control over the LAUSD is unconstitutional.
Wednesday, December 20
Aramark Corp. has agreed to a buyout by an investment group led by Joseph Neubauer.
Chatsworth-based Prolab Nutrition Inc. has inked an agreement to become the official sports drink of the Los Angeles Avengers, part of the arena football league.
The Calabasas medical staffing firm On Assignment Inc. has purchased a Utah physician staffing company.
The Business Journal is accepting nominations for the fourth annual "40 under 40" awards to be presented Jan. 17 at the Beverly Garland's Holiday Inn.
The Cheesecake Factory Inc. said today that it is in compliance for continued listing on Nasdaq.
Tuesday, December 19
Joseph Barbera, the animator whose Valley studio created cartoon icons Fred Flintstone, Yogi Bear and the cat and mouse team of Tom and Jerry, died Monday at his home in Studio City. He was 95.
Former senior management with Vitesse Semiconductor Corp. improperly backdated the dates of stock options over a number of years, a special committee to the company's board reported Tuesday.
The Graciela Burbank, a 99-room boutique hotel near Warner Bros. Studio Ranch, has been sold to a Maryland hotel developer.
The Sherman Oaks paint and auto body repair company Earl Scheib Inc. reported its second quarter income dropped 68 percent from the same period last year, a product of poor sales and high gas prices, the company reported Tuesday.
An European investment company has acquired a majority stake in Cushman & Wakefield.
Monday, December 18
A look at the news and events happening in the Conejo, Santa Clarita, Antelope, San Fernando and Simi valleys.
The city agency that runs Van Nuys Airport has kicked out two businesses that aren't aviation-related.
In our special health care magazine inside this issue, we talk to those on the front lines facing these troubling issues each day and find what's being done to address the vital future of health care in our region.
At College of the Canyons, the waiting list to enter its nursing program numbers some 300 names.
Angelo Mozilo, chairman and CEO of Countrywide Financial Corp., exercised options for 70,000 shares of the company's common stock at $9.60 per share and sold them for $41.46, the company said.
Why are so many areas working overtime to woo the drug maker Amgen to expand outside Thousand Oaks?
Ira Rosenblatt looks at what you should do if an employee is accused of sexual harrassment.
Santa Clarita has launched a new online system to allow residents to check the status of permits and inspection results.
The next phase of the massive Newhall Ranch project is about to begin.
In the aftermath of the 1994 Northridge earthquake, legislatures moved swiftly to establish strict standards to regulate the safety of hospitals.
Turns out, starting your very own hospital isn't all that difficult.
It's not a popular job, but somebody's got to do it: managing a hospital.
The Pacoima area has been included in the expanded boundaries of the Los Angeles Central/Hollywood enterprise zone, the governor's office announced Monday.
At the end of last month, Debi Schultze, a district representative for state Assemblyman Dr. Keith S. Richman, found herself without a job.
The swift growth of the Antelope and Santa Clarita valleys is taxing the region's fragile health care system.
Universal City is the next area getting in on the film festival circuit, Reporter Mark Madler has found.
inQ has snagged a $7.75 million investment in a new round of funding led by new investors and including existing investors.
Demand for healthcare is at an alltime high despite innovations in medical care, antibiotics and safety products as well as pressure for shorter hospital stays.
Reporter Chris Coates examines the growth of web-based advertising company ValueClick.
Some neighbors are withholding judgment on an ambitious 25-year vision plan for Universal City.
Precision Dynamics co-founder and chief technology officer Walter Mosher was inducted into the ID People Award's Hall of Fame during the ID World International Congress in Milan, Italy.
Michael L. Wall, president of Northridge Hospital Medical Center, sums up the pressures of operating a hospital in today's San Fernando Valley with a simple statistic: Five hospitals closed since 1995.
The Thousand Oaks drug maker Amgen Inc. is expanding its distribution center in Louisville, Ky.
One of Editor Jason Schaff's favorite Business Journal special reports is coming up.
Tamara Gurney, CEO of Mission Valley Bank, meets the challenges of growing a small financial institution in an underserved part of the Valley.
As local medical facilities struggle with a number of hurdles, an aging population is another that they must face in the next several years.
John Marshall discusses the impact of several new policies on California hospitals.
City officials and police are warning Valley restaurant owners to stay on guard.
It has been a busy year for labor relations at the greater San Fernando Valley's hospitals.
Crown Media Holdings Inc. has completed the sale of its film library to RHI Entertainment, Inc., the company announced Monday.
Rashel Pouri, the owner of Valley-based Medi-Spas, is the subject of a new reality show.
A look at the events that shaped the past year in the San Fernando Valley region.
They have the residents and the space, so why can't Santa Clarita attract more upscale restaurants?
Guadalupe Ibarra is one of the thousands of San Fernando Valley residents who don't have enough health insurance.
Avjet Aviation went back to the drawing board in its plans for a new hangar and office space at the Bob Hope Airport in Burbank.
Initial fears that customers retrenched after the brisk start to the holiday season, quickly dissipated as the calendar wound its way toward Dec. 25
To better communicate with employees and customers alike, large and small companies alike are taking to the blog.
It looks like Voit Development Co. and Selleck Development Group will end the year by closing the book on The Plant, a development they began constructing in 1997.
This regular feature focuses on philanthropic activities by Valley-area companies and businesspeople.
It's all the rage over the hill and in Asia; now yogurt is a new fad the Valley.
Wayne Adelstein on the City Council's move to add a living wage to hotels near LAX.
Friday, December 15
Warner Bros. Entertainment will invest in a leading European video game publisher that will create and distribute games based on Warner Bros. characters, the company announced Friday.
The Guitar Center said today it has pulled its offer to acquire The Woodwind & The Brasswind after another bidder emerged for the retailer.
The office manager for the Moorpark Chamber of Commerce has been elected the organization's president and CEO.
Thursday, December 14
Cherokee Inc. said today it has renewed its licensing agreement for Sideout Apparel with Mervyns.
Storage and capacity provider DataDirect Networks Inc. expanded its presence in the Asian market with the opening a fully owned subsidiary in Japan, the company announced.
The Employee Assistance Professionals Association holds its holiday celebration and networking event.
Electronic Clearing House Inc. has been acquired by Intuit Inc. for $142 million, the company announced Thursday.
The chief technology officer and corporate development officer of Optical Communications Products Inc. will leave the Woodland Hills company at the end of the month, it was announced Thursday.
Nestle SA said today it will acquire Novartis, maker of Boost and Resource nutritional supplements and Optifast diet products, for $2.5 billion.
Wednesday, December 13
The board of directors of Thousand Oaks biotech company Amgen Inc. has voted to allow additional buy backs of up to $5 billion in company stock.
Diodes Inc. forecast a 60 percent increase in revenues for 2006 over the previous year based on reaffirmed financial guidance, the company announced Wednesday.
The managed health care provider Health Net raised its 2007 earnings outlook on an expected lower share count, the result of a $450 million buyback program.
Well Point Inc. said its forecast 2007 results are higher than Wall Street estimates.
Smaller public companies could catch a break with a proposal to ease the financial control rules imposed several years ago by Section 404 of Sarbanes-Oxley legislation, or SOX as it is known.
Tuesday, December 12
A Singapore company has acquired Newbury Park-based Nomadix Inc., a provider of network devices for the hospitality industry.
The operator of car dealership in Lancaster is opening a new location in Palmdale.
Countrywide Financial Corp. said today that mortgage loan fundings declined 11 percent to $38 billion from November 2005 levels and 8 percent compared to the prior month.
The Valencia theme park Magic Mountain will remain open in 2007,although which company will run it is unclear.
Santa Clarita hotels had some of the highest occupancy rates in Los Angeles County during October, according to the most recent study of hotel trends by the tracking firm PKF Consulting.
The Santa Clarita Chamber of Commerce holds its business after hours monthly mixer.
K-Swiss Inc. today declared a quarterly cash dividend of $0.05 per share for shareholders of record on Jan. 15.
Monday, December 11
The Woodland Hills insurance company 21st Insurance Group has expanded its product line to include four new states.
Thousand Oaks-based drug maker Amgen Inc. said results from an open-label extension study indicate that long-term administration of the investigational therapy AMG-531 stimulated the production of platelet production.
Friday, December 8
Valley residents make more money and spend more time commuting than the average American, according to a U.S. Census Bureau report that for the first time examines the population of the San Fernando independently of Los Angeles.
1105 Media Inc., a Chatsworth based publishing company, has agreed to acquire Post Newsweek Tech Media, the government publishing and events group of The Washington Post Co.
American Reprographics Co., a Glendale-based provider of reproduction technology and services, has acquired another such business in San Francisco.
An analyst at Stifel Nicolaus & Co. downgraded Countrywide Financial Corp. to a "hold" from a "buy" on the expectation that the downward trend in the credit market will continue.
Woodland Hill-based managed health care provider Health Net said a U.S. court fined the company after it did not comply with document-sharing rules in a lawsuit.
Thursday, December 7
Steinway Musical Instruments offered a bid of $40.5 million to buy Woodwind & Brasswind, a higher bid than a standing offer from Guitar Center Inc.
Santa Clarita saw more television and motion pictures filmed in the city last month than any previous November, continuing a trend of television and motion picture production companies turning to the area for shoots.
With revenues from its largest customer continuing to trend downward, Cherokee reported its net income for the third quarter was relatively unchanged from the year ago period.
Troubled Capstone Turbine Corp. in Chatsworth named Darren R. Jamison president and CEO.
The Valley Industry and Commerce Association honored two longtime members at its 57th annual meeting at the Hilton Los Angeles/Universal City Thursday.
Wednesday, December 6
The Hilton Burbank Airport & Convention Center will change over to the Marriott banner Dec. 12.
Officials for NBC Universal plan to turn portions of the 391-acre Universal Studios Hollywood back lot into a mixed-use complex with as many as 2,900 residential units, renovate Universal CityWalk and possibly construct another studio facility as part of
One of the largest stockholders in Vitesse Semiconductor Corp. has called for the resignation of two company board members over the backdating of stock options.
Tuesday, December 5
The Los Angeles Board of Airport Commissioners on Monday approved changing the name of Palmdale Airport to LA/Palmdale Regional Airport.
A lack of a contract with the Los Angeles Cultural Affairs Department has led the Valley Cultural Center to pull out of operating the Madrid Theatre as of the end of January.
California State University Northridge ranked second place among U.S. master's level institutions with the most number of foreign students in a recent study of 40 college campuses.
As expected, the number of personal and business bankruptcies has fallen off considerably compared to last year, the result of new regulations.
Voit Development Co. and Selleck Development Group have sold two of five facilities that comprise the final phase of the redevelopment of the former GM facility in Panorama City.
The enthusiasm consumers showed on Black Friday waned in the week following the traditional start to the holiday shopping season.
Monday, December 4
Editor Jason Schaff on the economic potential of the 1-5 corridor.
College of the Canyons in Valencia has started two new programs in response to the area's building boom.
A facility in North Hollywood is playing a role in the resurgence of an ailing Detroit automaker.
Los Angeles City Attorney Rocky Delgadillo on Monday filed criminal charges against two Valley companies and its owner for illegal surface mining in Sun Valley.
This regular feature focuses on philanthropic activities by Valley-area companies and businesspeople.
The federal government has announced its intention to crack down on employers who hire illegal aliens bad news for countless numbers of California employers.
Richard Gallagher's Xytech Systems Becomes an Integral Part of The Entertainment Industry's Switchover to Digital Formats.
Behind the scenes of how Burbank lured the Internet giant Yahoo! to open offices in the city.
It's been a stressful few years for Margita Thompson, press secretary for Gov. Arnold Schwarzenegger.
The Walt Disney Co. plans to cut as many as 160 positions from its Burbank-based animation studios.
The West L.A. certified public accounting firm Singer Lewak Greenbaum & Goldstein LLP is opening an office in the Warner Center.
The union that threatened to strike at Los Robles Hospital and Medical Center in an intense labor dispute this fall could be expanding its ranks.
The Santa Clarita City Council will provide local auto dealers $60,000 to promote advertisements to purchase vehicles locally.
A Los Angeles Superior Court judge has ruled that Precision Dynamics co-founder Walt Mosher had not proven allegations of an improper election of two members to the company's board of directors.
Countrywide Financial Corp. on Monday launched its auto insurance product in Ohio.
The Newhall Coffee Micro Roasting Co. has launched a new line of holiday-themed coffees.
Tonic Brand Communications helps companies develop more pleasant relationships with consumers.
There's a little bit of d & #233;j & #341; vu in the life of Andy Heyneman these days.
An unlikely company has joined the effort to lobby Hollywood to stop featuring smoking in movies: Philip Morris, Reporter Mark R. Madler has found.
A look at what's in store for the retail market this holiday shopping season.
The county Board of Supervisors has approved a plan to construct a badly needed hospital in the Antelope Valley.
The Valencia biopharmaceutical developer MannKind Corp. plans to raise as much as $400 million in part to help fund Technosphere.
The Burbank entertainment giant is staking a claim in the highly competitive field of video games.
A new Metro Rapid Bus line in the San Fernando Valley is among the service improvements announced Monday by the Metropolitan Transportation Authority that will take affect next month.
The Valley business community reacts to the expansion of the living wage ordinance to hotel workers near LAX.
Beverly Hills Bancorp Inc., parent of First Bank of Beverly Hills in Calabasas, has created a new executive position and made several appointments.
The Camarillo Chamber of Commerce holds its educator of the month special event.
Digital Insight Corp. has been purchased by Intuit Inc., the firm behind the software Turbo Tax, for $1.35 billion cash.
Reporter Chris Coates details the impressive rebound of the once-moribund apparel and fastener maker Tag-It Pacific Inc.
Principals of Printing Technology Inc., a 16-year-old company that makes and distributes laser and ink cartridges, has inked a deal to acquire a Chatsworth facility for $11.6 million.
ValueClick Inc. has acquired a privately held British firm that owns and operates 27 websites providing comparison shopping, search and vertical market content to European online customers, the company announced Monday.
Countrywide Financial Corp. is moving into the auto insurance market.
Friday, December 1
Easton-Bell Sports reported net income more than doubled for the third quarter, rising to $5.7 million compared to $2.4 million for the same period last year.
The Thousand Oaks-Westlake Village Regional Chamber of Commerce holds its state of the city address and luncheon.
The California WellBeing Institute, a 270-room luxury hotel, health center and spa near Westlake Village, opened this week.
A Swiss leisure company is reportedly poised to launch a takeover bid of the operator of EuroDisney.
Box office analyst Paul Dergarabedian has launched a new box office analysis and tracking firm in Encino.
New start-ups in Los Angeles will not have to pay a business tax for 10 years under the terms of an extended tax exemption passed by the Los Angeles City Council today.
The Cheesecake Factory Inc. reported net income dipped 16 percent to $18.1 million or $0.23 per diluted share in the third quarter as sales at restaurants open at least a year fell.
A morning breakfast meeting sponsored by the Chatsworth/Porter Ranch Chamber of Commerce brought out about 100 people to hear a slate of city, county and regional officials talk about the state of the communities of the northwestern Valley and a brief d