Stories for June 2006
Friday, June 30
Nurses and management of West Hills Hospital and Medical Center and Los Robles Hospital & Medical Center in Thousand Oaks have agreed to extend a bargaining agreement over the conditions of a new contract through July.
Thursday, June 29
Vitesse Semiconductor Corp. common stock is now being traded in the Pink Sheets following its delisting from the Nasdaq National Market, the company has announced.
CHAD Therapeutics Inc., a Chatsworth developer of respiratory care devices, has reported a net earnings loss of $673,000 or $0.07 per diluted share on revenues $22.4 million for the fiscal year 2006.
North Valley Regional Chamber of Commerce, Home Improvement/Real Estate Cluster
Woodland Hills-based SPO Medical Inc. has launched its PulseOx 7500 a new wrist-mounted device that measures the vital signs of people experiencing sleep disorders.
Tenet Healthcare Corp., one of the nation's largest hospital chains and operator of the 396-bed Encino-Tarzana Regional Medical Center, has agreed to pay the United States more than $900 million to resolve a handful of so-called "whistleblower" lawsuits c
JetBlue Airways came out ahead in a survey of passengers on the best low-cost airline, J..D. Power & Associates announced Thursday.
Wednesday, June 28
North Valley Regional Chamber of Commerce, Women's Services Networking Cluster
Chatsworth-based health care company North American Scientific Inc. announced Wednesday that it has received notice from the Nasdaq Stock Market Inc. granting North its request to continue to be listed on the stock exchange.
Tuesday, June 27
A car chase stunt and explosion inspired by the film "Fast & Furious" are now part of the studio tour at Universal Studios Hollywood.
The Woodland Hills-based managed health care company Health Net Inc. has started a series of transactions to refinance its $400 million Senior Notes due 2011.
Semiconductor manufacturer Vitesse will no longer be listed on the Nasdaq National Market beginning June 28, the company has announced.
Image Entertainment, Inc. reported Wednesday for the fourth quarter of the 2006 fiscal year ending March 31, a net loss of $283,000 or $0.01 per share on revenues of $30.4 million.
Move Inc., formerly Homestore, named Geraldine Laybourne to its board of directors, bringing 11 to the number of directors for the company.
Citing a lack of space and overcrowded conditions at its headquarters, the biotech firm Amgen plans to move some of its Thousand Oaks administrative staff to a site in Colorado.
Monday, June 26
Non-profit organization, SCORE Los Angeles will be offering free counseling for small businesses in its Glendale office located on 330 North Brand Blvd., Suite 190.
Antelope Valley Hospital has been given top honors from HealthGrades, a firm that ranks the quality of medical facilities across the country. For the fifth time in as many years, the Lancaster hospital was given a five-star rating for clinical experience
Morton's The Steakhouse, an upscale eatery with eight California locations, will open a new restaurant in Warner Center.
Friday, June 23
New Metro Bus improvements in the San Fernando Valley were announced Friday by Los Angeles Mayor Antonio Villaraigosa and Councilmember Wendy Greuel at a press conference.
Six Flags, Inc. is eyeing the sale of six of its theme parks, including Magic Mountain and Hurricane Harbor in Valencia, the company announced Thursday.
The Valley Economic Development Center (VEDC) has appointed three board members to their Board of Directors.
Bodies in Motion has filed for bankruptcy protection in Woodland Hills.
Stockholders officially approved the name change of Homestore, Inc. to Move, Inc at its annual meeting, the Westlake Village company announced Friday.
Thursday, June 22
Specialty Laboratories hopes to develop and commercialize a test for cirrhosis risk in patients with Hepatitis C.
Sales of single family homes were down 25 percent in May compared to a year ago.
Wednesday, June 21
Burbank-based DIC Entertainment, independent brand management company and AOL, online kids network, KOL will partner to co-produce programming "KOL's Saturday Morning Secret Slumber Party on CBS" premiering September 16, 2006.
Semtech Corp. has requested a hearing on whether the company will be delisted from the Nasdaq National Market, the semiconductor manufacturer announced Tuesday.
The chairman of the U.S. Federal Communications Commission said Wednesday he expects that the agency will complete its review of the proposed sale of Adelphia by mid-July.
Chatsworth/Porter Ranch Chamber, Networking Luncheon, Sylmar Chamber of Commerce, Chamber Luncheon, Valley Economic Development Center, Start Up Do's and Don'ts
Digital Insight Corp. has expanded the online banking services it provides for credit unions in Arizona and Texas, the company announced Wednesday.
Tuesday, June 20
Improvements to its passenger terminals and baggage claim areas and runway repairs at Bob Hope Airport are part of the new $107 million budget adopted Monday by the Burbank-Glendale-Pasadena Airport Authority.
Los Angeles Valley College officially showed off its newly renovated Monarch Stadium at a ceremony Tuesday morning featuring college athletes, community college dignitaries and public officials.
Image Entertainment, Inc., independent producer and distributor of home entertainment and independent film and television production company, Graymark Productions, announced Tuesday that production on the film, "Fingerprints," was completed.
FCB Bancorp, parent of First California Bank, and National Mercantile Bancorp which operates Mercantile National Bank and South Bay Bank N.A., have inked a merger deal in a stock swap.
Monday, June 19
The San Fernando Valley Business Journal celebrated its 10th Anniversary at a reception held June 14 at the Warner Center Marriott in Woodland Hills.
A Central California Coast bank expects to open a branch in Westlake Village, its 41st location and the first in the Conejo Valley, next month.
Public Storage and Shurgard Storage Centers will each hold their shareholder meetings on July 26, the companies announced today.
Newly-named president of the Valley Industry and Commerce Association,
Once a sure thing, the outlook for condominium development is looking murkier as construction and land costs rise and interest rates climb.
Twenty five representatives from area hotels turned out for a telethon-like marketing effort to help bring more convention business to the Valley.
Thousand Oaks-based biotechnology company, Amgen found from a Phase 2 study that their drug, Aranesp, used to treat patients with symptomatic heart failure and anemia, was well tolerated.
The Encino storefront formerly occupied by the popular Caribbean-themed eatery Cha Cha Cha is being turned into a gourmet coffee house operated by Brentwood-based Coral Tree Caf & #233;.
Simi Valley businesswoman Carol Reniger would have been satisfied with her company being named among the Top 100 gift basket providers in the country by an industry trade publication.
Nestle S.A. has acquired weight loss program developer and marketer Jenny Craig Inc. for $600 million.
In 1996, while the rest of Los Angeles, and the nation, began climbing out of a recession, the San Fernando Valley was a patchwork of scaffolding, teetering reminders of the devastation of the Northridge Earthquake that was still beating down the area's e
Local hospitals and a growing number of businesses are putting plans in place to prepare for a possible outbreak of avian flu.
Bert Boeckmann, his six-foot-two-inch frame ensconced behind an oversized mahogany desk, cuts an imposing figure from his perch overlooking the showroom floor of the world's largest Ford dealership.
Joseph W. Kiley III, CEO and president of First Bank of Beverly Hills, has resigned as the bank closes a long chapter in its history.
Started out of a bedroom, UBU, which is owned by a husband and wife team, has grown to a 15-employee company selling note cards, stickers, memo pads and other items that can be personalized.
Profiles of small businesses recently honored by the United Chambers of Commerce and other groups reflect common goals but different stories.
In marketing the workplace lactation program that is the centerpiece of Limerick, Inc., company President and Chief Executive Officer Patricia Kelly didn't know much about how to approach potential clients.
It isn't easy being a content provider when the potential ways in which customers may want their wireless programming served up is under flux.
When Claritaville magazine debuts in the Santa Clarita Valley in August, publisher Andrew Ansoorian is relying on what will set it apart is that it will be readership focused.
I hear a lot about mediation and arbitration. I really don't know how one differs from the other. Can you explain?
To better reflect its member companies, the Software Council of Southern California has changed its name.
Malibu Canyon Corporate Center in Calabasas is one of a number of office properties on the block, Senior Reporter Shelly Garcia reports.
InterMetro Communications Inc. in Simi Valley has filed an intention to go public as the market for its business, Voice over Internet Protocol stands poised for a growth spurt.
Friday, June 16
Thursday, June 15
Safety improvements are coming to the Orange Line busway following adoption Wednesday by the U.S. House of Representatives of a bill containing $500,000 for the project.
A proposal to allow shareholders to vote on executive pay packages was turned down by Countrywide Financial Corp. but not before winning a considerable amount of support.
North Valley Regional Chamber of Commerce, Home Improvement & Real Estate Cluster
Wednesday, June 14
Power-One, Inc. has signed a global supply agreement with leading telecom supplier Ericsson, the Camarillo-based company announced Wednesday.
Two retailers have been signed to join the lineup at The Oaks shopping center in Thousand Oaks.
North Valley Regional Chamber of Commerce, Women's Services Networking Cluster
Capstone Turbine Corp. today reported it lost $11.8 million or $0.12 per share for the fourth quarter ended Mar. 31, compared to a loss of $10 million or $0.12 per share in the like period last year.
Citing erosion in the core businesses of Tribune Co. and failure to invest aggressively in new business, the Chandler Family suggested in a filing with the Securities and Exchange Commission made public Wednesday that the company should spin off its newsp
Tuesday, June 13
Union workers at three area hospitals plan to picket this Wednesday demanding better working conditions and alleging the facilities are understaffed.
Younan Properties Inc. has sold a Phoenix office building for $27.5 million.
North Hollywood-based Walt Disney Internet Group has launched Disney Mobile, a wireless service aimed at families.
Information technology provider ISX will be acquired by Lockheed Martin in a deal expected to close later this month, the company announced Tuesday.
Monday, June 12
National Technical Systems, Inc. has acquired B & B; Technologies, a systems integrator based in Albuquerque, New Mexico, the company announced Monday.
HorseTV Channel will launch premiere episodes of Rodeo Nation Pushing the Barrier, an original series from the Calabasas-based broadcast company.
The U.S. Food and Drug Administration has agreed to review an experimental drug to treat colon cancer created by Thousand Oaks-based biotechnology company Amgen.
High gas prices are being credited with record ridership on the Metro Orange Line.
Friday, June 9
American International Automobile Dealers named Cheri Fleming of Valencia Acura "Dealer of the Year" for 2006.
3D Systems Corp., a provider of 3-D printing, prototypes and manufacturing based in Valencia, announced Friday that all of its outstanding shares of Series B Convertible Preferred Stock were converted by shareholders into Common Stock on June 8.
The Sherman Oaks day-traders website PowerRatings.net has introduced a new tool on its website to identify objectively short-term moves in stocks.
The Bob Hope Airport contributed $22 million to the coffers of the City of Burbank, an analysis by the city released Friday showed.
Thursday, June 8
The California Hospital Association is suing Woodland Hills-based Blue Cross of California alleging that a new payment policy forces doctors to make medical decisions based on financial considerations.
J.D. Power's just released survey on new-car quality turned up a surprise contender.
Employees of Bank of America in Los Angeles and other key cities will receive a $3,000 rebate if they buy a hybrid car, according to a program just announced by the Bank.
Semtech Corp. has signed a distribution agreement in which its semiconductors will be made available from the Digi-Key Corp, the companies announced Tuesday.
Wednesday, June 7
Cherokee Inc. reported its net earnings dipped 2.9 percent to $5.9 million or $0.67 per share for the first quarter ended April 29.
Groundbreaking ceremonies will be held Thursday for Americana at Brand, the $264-million mixed use project under development by Caruso Affiliated.
Chatsworth-based North American Scientific Inc. reported a loss of $3.6 million, or $0.21 per share, on revenues of $8.1 million for the second quarter of 2006.
Los Angeles City Council member Alex Padilla won the Democratic primary Tuesday to represent the San Fernando Valley in the state Senate.
Tuesday, June 6
Encino-based Bid4Spots, online marketer for unsold radio advertising spots, announced Tuesday that it will partner with Voice123, an online database of voice-over talent, to assist clients in the radio advertising production process.
Younan Properties Inc., which rose to prominence with an aggressive strategy of buying undervalued office properties mostly in the San Fernando Valley, has divested its last remaining L.A.-area building and will concentrate on other geographic markets.
Encino-based insurance agent Answer Financial has received a leadership award from the nonprofit Association for Cooperative Operations Research and Development.
HorseTV Channel has inked a deal to broadcast the FEI World Equestrian Games.
Unionized workers at the NBC affiliate in Burbank have voted to authorize a strike after not having a new contract for over two months.
Monday, June 5
Verizon Western Region President Tim McCallion has been spending a lot of time in Sacramento lately, keeping close tabs on a pending Digital Infrastructure and Video Competition Act of 2006.
Hired to create a video for a Latino hip-hop artist, Jason Pires and Modern Visual Communications didn't want to take the typical route.
When Tarzana business owner Milt Morris went to France late last year for a building products trade show, he came away with what he called a priceless lesson.
Store divestitures, required as a result of the merger of Federated Department Stores Inc. with May Department Stores Co., are leading to a real estate grab by shopping center operators.
NBC Universal will pave over a landscaped Los Angeles Water and Power easement in a proposal to meet the number of parking spaces required in a development agreement with the City of Burbank.
Video game developer, THQ Inc. in Agoura Hills, in partnership with Iron Lore Entertainment, announced that the game Titan Quest has entered the final phase of development and will soon be ready for manufacturing.
Calabasas-based Countrywide Financial Corporation will open a home loan and banking center in Midtown Manhattan, the company announced Monday.
The Economic Alliance of the San Fernando Valley has partnered with the Monterey Bay International Trade Office on a website to assist companies throughout the state looking to expand to overseas markets.
Senior reporter Shelly Garcia talks to CB Richard Ellis about a strategy for capturing a larger slice of private investment sales.
So far at least, sales have held up at major retail chains, but there is a growing concern that consumers will stop the spending spree they've been on for several years.
Dr. William Jennings, chair of California State University Northridge's finance, real estate and insurance department, has been named interim dean of the school's College of Business and Economics.
Former flight attendant Sandy Stein took a simple idea and turned it into the core business for Alexx Inc.
While in Sacramento I found that a number of the legislators still believe that the bill would mainly put money into the pockets of very wealthy individuals and provide unnecessary benefits to a very rich industry.
Facing globalization and threats of a possible recession, Los Angeles City Councilman Greig Smith last week made his pitch to area business leaders about forming a business growth roundtable to discuss ways to bring more industries to the San Fernando Val
The long-term management of the Madrid Theatre in Canoga Park, which has been run by the Valley Cultural Center, is uncertain as the VCC's contract expires on June 30.
Ventura Boulevard used to be a place where small retailers could go to get good bang for their buck, but landlords have recently been sprucing up properties and rents are climbing.
When The Macerich Co. moved to acquire two of the anchors at The Oaks mall in Thousand Oaks, it bought the opportunity to expedite its renovation plans and design a center that is better suited to today's customers.
Area cable companies are keeping close tabs on a proposal before the Los Angeles Department of Water and Power Board to raise the fee levied to allow cable to be strung on department-owned poles.
Meridian Health Care Management Inc. has filed bankruptcy, although the company once saw impressive growth.
Voters go to the polls June 6 to elect the Democratic candidates seeking positions from the governor to secretary of state, treasurer, controller, attorney general, assembly members and senators, and the candidates are optimistic about their chances.
Financial Advisor, Thom Richardson Jr. suspects most businesses haven't the slightest idea of whether their retirement plan is serving their needs or not.
North Hollywood-based Rosali Cleaners has introduced a new environmentally-safe cleaning process.
For many owners, the answer to one question determines their eagerness and ability to leave their companies: "How much is my business worth?" This question is indeed critical.
Companies like In-Three are trying to provide 3-D movies, but until there is more product available, theatres are reluctant to adopt the technology.
Friday, June 2
Innovation Holdings has acquired a developer of non-prescription remedies.
An arbitrator decided in favor of Beverly Hills Bancorp in connection with a claim that it owed a former executive $2 million.
Thursday, June 1
Steve Scott, LA North/Ventura senior vice president of Sherman Oaks-based commercial real estate brokerage Lee & Associates closed a $2.56 million sale of an industrial building in North Hollywood.
Britain-based semiconductor manufacturer Newnham Technology is entering the United States market with the aid of public relations company, The David James Agency.