Stories for January 2006
Tuesday, January 31
Countrywide Financial Corp. CEO Angelo Mozilo this morning told analysts that the company would consider possible acquisitions to take advantage of an expected consolidation in the mortgage industry.
Image Entertainment and Capital Sports & Entertainment distributing Austin City Limits Music Festival
Image Entertainment, Inc., a Chatsworth-based independent licensee, producer and distributor of home entertainment programming has announced plans to license and distribute the 2005 Austin City Limits Music Festival on DVD and CD with Capital Sports & Ent
Monday, January 30
Xnergy LLC, a Century City-based boutique investment banking firm, announced that it has acquired the Stonecutter Group, a Santa Clarita-based management and finance consulting firm.
Jonathan D. Colburn reports that Blue Shield will no longer
Advanced Photonix Inc. is moving its corporate headquarters from Camarillo
Home health care businesses in the Valley are nervously waiting to see how the federal court system will address an important question of overtime pay for home health care workers.
NAI Capital has opened a Valencia office, the 14th for the Encino-based commercial real estate brokerage.
I fought for nearly three years to get a city ordinance on the books to clean up the blight of masses of unsightly, disorganized newsracks cluttering streets and sidewalks.
A newly energized community of horse lovers is buying up the ranches in the Valley, refurbishing the stables and the trails and thwarting efforts to develop the region further.
Prior to becoming the Chairman, President and Chief Executive Officer of Calabasas Hills-based video game publisher THQ Inc., Brian Farrell had never been the CEO of a major corporation, as most of the former CPA's time in the business world had been on t
The California State University, Northridge, Family Business Center is at a crossroads. But with all our help I think it can choose the right path to follow.
Optical Communication Products, Inc., a Woodland Hills-based manufacturer of fiber optic subsystems and modules reported their first quarter results for the period ending December 31, 2005. The fiscal year ends September 20, 2006.
Senior Reporter Shelly Garcia reports that apartment rental
Professional tax preparers by the hundreds are going to city-sponsored meetings where this year's changes in L.A's Business tax code are being explained.
Amid hard times by its major client, the U.S. auto industry, Superior Industries refocuses.
Attorneys are finding that they need more visual tools when they enter a courtroom.
Westlake Village-based wireless networking company Xirrus Inc., has announced that it has received venture funding and a new major OEM agreement for the firm.
Adult industry powerhouse Vivid Entertainment has picked sides in the war between the rival next generation DVD formats, Blu-ray and HD-DVD: both.
The L.A. mayor's office says the city needs to work on making it easier
DIC Entertainment is on the prowl for acquisitions as it attempts to diversify into a multimedia company.
Valley economic officials are planning to meet with Washington Mutual executives
January is the month to take stock of how we fared in 2005 (pretty darn good in our Valley, according to the San Fernando Valley Research Center at CSUN and others), and to delude ourselves about how well our businesses will do in 2006.
NoHo Arts District merchants fear gentrification will bring demise of
Locally based health insurers grapple internally with the huge number of problems associated with the rollout of the new Medicare drug plan.
Wal-Mart plans to open new Supercenters unit in Santa Clarita this week.
Friday, January 27
Stanley W. Corker was appointed a position on the Board of Directors at Qualstar Corp., a manufacturer of automated tape storage solutions in Simi Valley. Due to the death of Jose M. Miyer last October, Mr. Corker the open position the Board. He will also
The Food and Drug Administration on Friday approved the first version of inhalable insulin called "Exubera," which was developed by Pfizer Inc. along with Sanofi-Aventis and Nektar Therapeutics.
Thursday, January 26
IHOP Corp., the family owned restaurant chain headquartered in Glendale, has announced agreements during the fourth-quarter of 2005 for its franchisees to build 19 new IHOP restaurants over the next five-and-a-half years. Developments are planned for Colo
Digital Insight Corp., Calabasas-based online banking provider, will be providing its consumer Internet Banking and Bill Payment and Presentment to Arizona State Savings & Credit Union, the largest state-chartered federally insured credit union in Arizona
Amgen Inc., the leading global biotechnology company, released their fourth-quarter results Thursday, reporting a 20 percent increase in profit. The company earned $824 million, or 66 cents per share compared with $689 million, or 53 cents a share, a year
Wednesday, January 25
After reports of a 96 percent drop in the fourth-quarter profit, shares of St. Jude Medical Inc., a heart device maker, dropped $3.27, 6.1 percent. The shares closed at $50.03 on the New York Stock Exchange.
Leading national health insurer, WellPoint Inc. more than tripled its income in the fourth quarter and membership growth as a result of Anthem Inc. acquiring WellPoint Health Networks Inc. in 2004.
Tuesday, January 24
Amgen, a lead global biotechnology company, revealed plans to expand their commercial operations by investing in additional manufacturing and R & D; operation in the United States and Europe.
Ixia, leading, global provider of IP network testing solutions announced it is in agreement with Dilithium Networks to purchase their mobile video and multimedia test product lines for $5.1 million in cash. The acquisition of the product lines is expecte
The Walt Disney Co. is buying Pixar Animation Studios for $7.4 Billion. Pixar produced "Toy Story" and "Finding Nemo", and has been partners with Disney for the past 12 years.
Monday, January 23
Paula Madison, KNBC President & General Manager and NBC/Telemundo Los Angeles Regional General Manager, was named one of the top 50 most powerful women in business by Black Enterprise magazine.
Thursday, January 19
This Saturday, the San Fernando Valley Chapter of the American Institute of Architects will celebrate a year of its members' achievements, and will honor architectural photographer Julius Shulman.
The California Motor Car Dealers Association has announced that Bert Boeckmann is the 2006 chairman of CMCDA. Boeckmann is the president of Galpin Ford in North Hills. In addition, CMCDA installed four new directors at their recent board of directors meet
Washington Mutual Inc. has told 1,000 of its Chatsworth call-center workers that their jobs will be moved to San Antonio and Costa Rica, in an attempt to cut costs.
Monday, January 16
More companies pushing knowledge of Spanish by supervisors
Local community colleges customize many different job training courses for companies.
Federal budget changes are worrying officials at ONEgeneration adult day care services.
Memorial services will be held on Thursday, Jan. 19 for Steve Shuken, founder and president of the Vista Automotive Group of dealerships.
Westlake Village residents slam a proposed Lowe's retail project at a hearing to discuss the environmental impact report.
The new owner of Sherman Oaks Hospital sells facility then leases it back.
Senior Reporter Shelly Garcia talks to L.A.'s new chief planner and gets a read on whether she's up for the job.
Hotels face challenges depsite increases in rates, occupancy.
Wal-Mart has withdrawn its application to build a store at Nordhoff Street and Tampa Avenue in Northridge, according to city officials and the area's neighborhood council.
Elements of Mission College's expansion plans come under fire from nearby homeowners.
Job training programs are plentiful in the Valley, but not all company executives know they are available.
A new center is nearing completion at Los Angeles Jewish Home for the Aging as another capital campaign is readied.
Jeff Weiss reports that the founder of a popular technology Web site plans expansion of the brand.
Eight exit strategies for business owners
Diodes Inc. caps year of growth with acquisition of Taiwanese firm.
The trend toward "bioconvergence" is expected to benefit Ventura County according to a nationally known economist.
The Burbank Empire Center, considered a trophy property in that city, is purchased for $160 million.
Retailers who had an early discount strategy did better over rivals this holiday season.
Thursday, January 12
Sales at Guitar Center Inc. rose nearly 20 percent to $562 million on a consolidated basis for the fourth quarter ended Dec. 31, the company said.
Tuesday, January 10
Blue Cross of California announced it is offering Blue View Vision to small businesses with fewer than 50 employees and large businesses with up to 4,999 employees.
Glendale-based IHOP Corp. said that sales in stores open for at least a year were up 5.4 percent, as traffic and the average bill both increased. For the year ended Dec. 31 it reported a 2.9 percent increase in same-store sales.
Thursday, January 5
Health Net announced on Thursday that it has agreed to purchase the assets of Universal Care Inc., a health care company based in Long Beach.
Shoe Pavilion Inc. today reported comparable store net sales for the 13 weeks ended Dec. 31 rose 5.5 percent.
Judi Rose, Director of Resource Development for the Economic Alliance of the San Fernando Valley, announced Thursday she was leaving the organization to pursue other opportunities.
Wednesday, January 4
Monday, January 2
Slow and steady are the two words best describing the Valley-area economy in the new year.
City Council vote on Warner Center may signal new tough attitude toward developers at city hall.
Bob Scott, the new chairman of the Valley Industry and Commerce Association, will try to help local businesses better compete in a global economy.
Job growth is expected to be good in several industries locally in 2006.
The head of the Valley Economic Development Center will not fill the open director of lending position at the agency due to budget cutbacks.
Bonny Herman, longtime head of the Valley Industry and Commerce Association, resigns.
Jonathan D. Colburn reports on the major developments locally in the health care industry in 2005.
Jeff Weiss reports on the Valley-based studios' struggle to confront technology in 2005.
Young Mission Valley Bank has established a new lending division headed up by the former lending chief of the Valley Economic Development Center.