Stories for November 2006

Thursday, November 30

BREAKING NEWS: Intuit to Buy Digital Insight

Calabasas-based online banking software provider Digital Insight Corp. has agreed to be acquired by Intuit Inc., makers of TurboTax, for $1.35 billion.

Friday in the Valley

The Chatsworth/Porter Ranch Chamber of Commerce holds its seventh annual state of the community breakfast.

Price of Managed Health Care in California Jumps

The cost of managed healthcare in California has passed the national average for the first time, according to a report released by the California HealthCare Foundation.

Wednesday, November 29

Nestle Looking at Gerber

Nestle SA is mulling the purchase of Gerber Products Co., according to a published report in the Wall Street Journal.

Santa Clarita Sales Tax Up 3.3 Percent

Sales tax generated in Santa Clarita increased 3.3 percent during the second quarter from the same period in 2005, according the city statistics released Wednesday.

CarMax Opens Burbank Store

CarMax Inc. increased its presence in the Los Angeles market with the opening of its Burbank superstore Wednesday, the company's sixth location in the region.

Mall Owner Names New COO

Macerich, owners of the Panorama Mall and The Oaks, has named Tony Grossi executive vice president and chief operating officer.

School to be Built on Granada Hills Hospital Site

The Los Angeles Unified School District Board of Education has approved a plan to construct a high school on the site of the Granada Hills Community Hospital.

Judge Dismisses Claims Over Election of Precision Board Members

A Los Angeles Superior Court judge ruled Wednesday 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.

Thursday in the Valley

The Encino Chamber of Commerce holds its board retreat.

Tuesday, November 28

Adventist Tops Healthcare List

Adventist Health/Home Care Services, part of Glendale Adventist Medical Center, was named to the 2006 HomeCare Elite list, a ranking of the top 25 percent in home care services.

Houston Firm Purchases Camarillo Cemetery

Carriage Services Inc. has agreed to purchase the Conejo Mountain Funeral Home and Memorial Park in Camarillo, the Houston-based company announced.

Wednesday in the Valley

The Sylmar Chamber of Commerce holds its chamber evening mixer.

Semtech Delisting Delayed

A Nasdaq panel this week decided to put off making a decision on delisting the semiconductor maker Semtech Corp. in order to give the company additional time to restate financial results from earlier this year.

IHOP Franchisee Seeks Bonafides for Service

IHOP Corp. got a little egg in its face when an employee at one of its franchise operators in Quincy, Mass., insisted that a customer provide a photo I.D. in order to be seated.

Lancaster Software Maker Releases New Product

Simulations Plus Inc., a Lancaster pharmaceutical modeling software developer, has released a new version modeling product for drug makers.

Monday, November 27

MannKind Generates Cash

The Valencia drug maker MannKind Corp. said it plans to offer 17.5 million shares of stock and $100 million in senior convertible notes in separate public offerings.

Study: Homes Even Less Affordable

The percentage of first-time buyers who can afford a home in Los Angeles County has fallen again.

Tuesday in the Valley

The Sherman Oaks Chamber of Commerce holds its membership committee meeting.

Countrywide Launches Auto Insurance

Countrywide Financial Corp. has launched its auto insurance in four states.

FDA OK's MannKind Study

The Food and Drug Administration has allowed Valencia drug maker MannKind Corp. to begin human testing on a cancer treatment it is developing.

Friday, November 24

FTC Okays CB, Trammell Crow Deal

The Federal Trade Commission has given the green light to the acquisition of Trammell Crow by CB Richard Ellis Group Inc., Trammell Crow Co. said today.

Monday in the Valley

The Encino Chamber of Commerce holds its education committee meeting.

Wednesday, November 22

Guitar Center Seeks Music Retailer

Guitar Center has agreed to purchase the assets of The Woodwind & The Brasswind, a music retailer in South Bend, Ind. that is currently in bankruptcy.

Commission OK's Mayo Hospital Expansion

The Santa Clarita Planning Commission has approved the master plan for Henry Mayo Newhall Memorial Hospital.

Video Game Maker Not in Nasdaq Compliance

Video game publisher THQ, Inc. received a letter from Nasdaq that it is not in compliance to be listed on the Nasdaq Stock Market, the company announced Wednesday.

Bob Hope Airport Braces for Peak Travel Season

Bob Hope Airport in Burbank is adding more drop-off zones and traffic cops today through Sunday to stymie the logjam of traffic expected during the busiest travel period of the year.

Living Wage Ordinance Passed

The Los Angeles City Council officially passed a motion Wednesday to require a dozen hotels near Los Angeles International Airport to pay workers a living wage, igniting fear in the business community that the ordinance sets a dangerous precedence that co

Disney Extends Distribution Deal with Comcast

ABC Television hits "Lost" and "Desperate Housewives" will be made available via Comcast Corp.'s video-on-demand service in select markets under a new agreement reached between Comcast and the Walt Disney Co.

Tuesday, November 21

Wednesday in the Valley

The Mid Valley Chamber of Commerce holds its annual chamber of commerce and service club Thanksgiving lunch.

Valley Village Apartment Complex Sold

A 14-unit apartment complex in Valley Village was sold for $2.3 million.

Newhall Clinic Opens

A new health center has opened to serve the uninsured of the Santa Clarita Valley.

Palmdale Airport Service Proposals Sought

The Los Angeles Board of Airport Commissioners is trying a second time to get commercial air service at Palmdale Airport.

MGA Entertainment Sued by Mattel

Mattel Inc. has filed a lawsuit against Van Nuys toymaker MGA Entertainment Inc. alleging the company stole its concept for the popular Bratz doll line.

Cheesecake Officials to Repay Option Proceeds

Officials at The Cheesecake Factory will give back a reported $1 million in pay they received as a result of improperly dated stock option grants.

County Approves New Lancaster Hospital

The Los Angeles County Board of Supervisors approved a plan Tuesday to design and build a $98 million ambulatory center in Lancaster to replace the High Desert Hospital that was converted to an outpatient center in 2003.

Monday, November 20

Take a Look at Santa Clarita Economy

Take a look at the Santa Clarita economy, says Editor Jason Schaff.

Builder Grows Quickly by Keeping Small Operation

California Home Builders and DLC Inc.

MediaNews Group Strikes Yahoo! Partnership

L.A. Daily News parent MediaNews Group is one of seven media companies joining a partnership with Yahoo! to deliver online advertising and news content.

No Resting on Laurels Allowed

When it comes to quickly expanding companies, how much is due to merit versus the growing sector the firms inhabit?

How Tech Firms Stay Ahead of Changing Curve

A behind-the-scenes look at how tech companies on the move stay ahead of the industry curve.

Members Vote for Chamber Merger

Woodland Hills, Tarzana chambers merge

Diversification, Efficiency Boosts Firm

Systech Solutions Inc.

Local Auto Dealers Surging Ahead Despite Trends

The secrets behind the auto dealers that are doing well despite the troubled market for the industry.

Farmers Training Center Opens

Farmers Insurance has opened a 120,000-square-foot, national employee training center in Agoura Hills.

Stunned Officials Regroup as Enterprise Zone is Declined

Why did the Northeast Valley, the area's only enterprise zone, get bumped?

Revolutionary Product a Boost for Construction Industry

Exaktime creates a revolutionary product that's a boost for the construction industry.

What to Do if You Feel You're Overpaying for Property

Ira Rosenblatt answers the question: What to do if you feel you're overpaying for property?

Mergers Don't Deter Brokers' Independent Streak

A pair of former CB Richard Ellis brokers have formed a new brokerage, Senior Reporter Shelly Garcia writes.

Countrywide Completes Loan Deal

Countrywide Commercial Real Estate Finance has closed a $183 million loan to Westcore Properties LLC, the company said today.

Family Firms Should Establish Policies for Theft, Big and Small

Family Firms Should Establish Policies for Theft, Big and Small

Large or Small, Fast Growing Firms Try to Achieve Balance

It's a constant battle for entrepreneurial businesses: manage the day-to-day operations or plan for future growth.

Capstone Gears up for Vehicle Market

Capstone Turbine Corp. is negotiating an agreement with two other companies to develop, produce and sell gas turbine commercial vehicle engines, the company announced.

New CEO Takes Reins at Glendale Adventist Hospital

New CEO Takes Reins at Glendale Adventist Hospital

Santa Clarita Economy Surges Out Front

A new economic report traces the future of the North L.A. economy.

No. 1 Company Succeeds In Rehbilitating Malls

NewMark Merrill Cos.

Amgen's Competing Drug Has Similar Results, Study Finds

Drug maker Roche Holding AG said over the weekend that a clinical trial for its anemia drug Cera showed it worked as well as Thousand Oaks biopharmaceutical giant Amgen's Aranesp.

Firm Is Managing Increase in Data

NovaStor is being fueled by huge demands for managing data.

Tuesday in the Valley

The Encino Chamber of Commerce holds its business and professional development luncheon.

HorseTV Announces New Programs

Calabasas-based 24/7 equine programmer The HorseTV Channel has added several new shows to its lineup.

AROUND THE VALLEYS

A look at the people, places and things that make our valleys tick

No. 8: Cal Net Technology Group

Cal Net Technology Group

Of GOP Fears Post-Election, Drug, HMO Impact Most Likely

Reporter Chris Coates examines the possible repercussions of the Democrat-controlled Congress on the biotech business.

Independent Homebuilder Beats Competitors With Flexibility

Larwin Co.

No. 9: Medispas

Medispas

With Population Rising, ER at Mayo Opens in Nick of Time

Henry Mayo Newhall Memorial Hospital emergency room opens.

Noho Commons Opens

Performance artists, painters and sculptors were on hand at the ribbon cutting ceremonies for the opening of the Lofts at Noho Commons this morning.

Citing Competition, Porn Biz Talent Shop Closes Doors

A Sherman Oaks modeling agency that fueled the growth of the Valley's adult-film industry is closing.

Arabian Chosen for Fernando Award

Retired California Supreme Court Justice Chosen for Fernando Award

Concentration on Building Talent Helps Tech Firm Soar

CPI Solutions.

Tech Company Finds Flexibility Helps it Rise in Growth Market

Tech company finds flexibility helps it rise in growth market.

Valley Record Label Goes Back to Future

The recent numbers released by the Record Industry Association of America are not encouraging

Traditional Businesses Still Dominate Growth in Valley

Many of this year's fastest growing companies provide the basic services people and businesses need.

Long-Time Music Publisher Sings

Alfred Publishing Co.

Calabasas Company Makes A Name in Wi-Fi Industry

Strix Systems.

Taking Command

David L. Brewer III, the new Los Angeles Unified School District superintendent, sits down with the Business Journal.

Disney Gives $5 Million to Hospital

Disney Gives $5 Million to Hospital

We Get What In Return for 4 More Years?

Martin M. Cooper asks, "We get what in return for four more years?"

Friday, November 17

Federated Gives Brides Away

Federated Department Stores has sold its Bridal Group including David's Bridal to an L.A.-based private equity firm for about $750 million.

BREAKING NEWS: Precision Dynamics Case Finishes; Nov. 29 Decision Expected

A judge expects to reach a decision later this month in the breach of duty lawsuit between the co-founder of Precision Dynamics Corp. and company executives.

Governor's Aide Moves to Health Net

An aide to Gov. Arnold Schwarzenegger has been appointed vice president at the managed healthcare provider Health Net Inc.

Iris VP Steps Down

A vice president for the Chatsworth medical device maker Iris has resigned from the company.

IHOP Pays IRS $11 Million

IHOP will pay the Internal Revenue Service $11 million in back taxes.

Monday in the Valley

The Sherman Oaks Chamber of Commerce holds its neighborhood council land use committee meeting.

Thursday, November 16

DSL Now Available from United Online

United Online, Inc. launched its new DSL service available to customers in 21 states, the company announced Thursday.

Event Honors Fastest Growing Private Companies

The shopping center development firm NewMark Merrill Cos. was named the fastest growing private company in the San Fernando Valley region at a Wednesday evening award ceremony hosted by the San Fernando Valley Business Journal.

Friday in the Valley

The North Valley Regional Chamber of Commerce holds its legislative breakfast.

Dealer Association Forecasts Slide in New Sales

Registrations for new vehicles in California are expected to decline next year, according to a report released Thursday by the California Motor Car Dealers Association.

Comerica Opens in Burbank

Comerica Bank has opened a new banking center in the Valley.

Wednesday, November 15

Economic Research Center Honored

The San Fernando Valley Economic Research Center at California State University Northridge has received a national award for its annual economic report.

Thursday in the Valley

The Studio City Chamber of Commerce holds its monthly mixer.

City Cuts Business Tax

The City Council has voted unanimously to reduce the city's business tax and reconfigure the number of tax categories for businesses.

BREAKING NEWS: Living Wage Motion Clears Council

The Los Angeles City Council voted Wednesday to give preliminary approval to a package of bills changing how 12 hotels along Century Boulevard near Los Angeles International Airport pay its workers.

Simi Valley Commissioner to Resign

A longtime planning commissioner for the city of Simi Valley will not seek another term after a dozen years on the board.

Valley Home Sales Moderate

The number of single-family homes sold in the San Fernando Valley during October dropped 22.7 percent from a year ago, another sign of a readjusting Southern California housing market, according to a study of housing trends by the Southland Regional Assoc

HemaCare Boosts Revenue 18 Percent

The Woodland Hills blood products and service provider HemaCare Corp. reported third quarter 2006 revenue increased 18 percent from the same 2005 period.

Tuesday, November 14

Wednesday in the Valley

The Sherman Oaks Homeowners Association holds its community meeting to discuss the state of crime in the Valley with special guest, LAPD Deputy Chief Michael Moore.

Pension Fund to Create Housing

Many of L.A.'s largest public pension funds have committed a combined $65 million to create a private equity real estate fund to establish workforce housing projects in the city.

Lancaster Women, Infants Center Opens

Antelope Valley Hospital today opened its new Women and Infants Pavilion, a $24.3 million complex on the southwest corner of the hospital's Lancaster campus.

Looking for a Fast Turnaround, Airlines Swiftly Seat

As airlines continue to grapple with skyrocketing costs and packed airplanes, many are looking to cut down on how long planes are on the ground by instituting crafty ways of loading and unloading passengers at the gate.

Cancer Treatment Gets FDA OK

Chatsworth-based cancer diagnostics and treatment product company North American Scientific Inc. received Food and Drug Administration approval to market a radiation design of the breast cancer treatment it development.

Lancaster Property Sold

CalHFA-Sunrise Lancaster, a 152-unit apartment community in the Antelope Valley, was sold for $14.5 million.

Ixia Restating Financial Numbers

Test systems provider Ixia will restate financial statements for four fiscal years because customer support and maintenance obligations had not been properly accounted for, the company announced.

Monday, November 13

Glendale Adventist Upgrades to Fight Tumors

Glendale Adventist Medical Center has upgraded a system to treat inoperable tumors in the spine.

Amgen to Pay Milestone

Biopharmaceutical company Amgen Inc. will pay licensing partner Biopharmaceutical Medarex Inc. an unspecified payment after an antibody moved into clinical trials.

Sport Chalet Adds San Marcos Store

La Canada-based Sport Chalet Inc. will open its newest location in San Marcos, Calif., on Nov. 17, the company announced.

Tuesday in the Valley

The Simi Valley Chamber of Commerce holds its membership development committee meeting.

Countrywide Opens Branch in Calabasas

Countrywide Financial Corp. has opened its 21st Southern California location in Calabasas.

Friday, November 10

Glendale Adventist Names New CEO

A veteran healthcare administrator from the Pacific Northwest has been named chief executive of Glendale Adventist Medical Center.

On Assignment Prices Offering

On Assignment Inc., the Calabasas-based healthcare staffing company, has priced its secondary offering of 6.65 million shares of common stock at $10 each.

Monday in the Valley

The Sherman Oaks Chamber of Commerce holds its neighborhood council meeting.

Santa Clarita Hotels Still in Demand

Santa Clarita hotels scored the highest occupancy rate during September in the region, according to a study of hotels in 16 areas of Los Angeles County released this week by the hotel industry firm PKF Consulting.

Arabian Wins Fernando Award

Armand Arabian wins top Valley award for volunteerism.

Countrywide to Convert Bank Charter

Countrywide Financial Corp. said today that it has applied to change the charter of its bank unit to a federal savings bank charter.

Thursday, November 9

Disney Posts Record Profits for Fiscal 2006

The Walt Disney Co. ended its fiscal year with a 33 percent increase in its net income, the company reported Thursday.

Friday in the Valley

The Simi Valley Chamber of Commerce holds its annual state of the chamber breakfast.

Report: Car Sales Will Rebound

A report from the California Motor Car Dealers Association forecasts that car sales will remain slow during 2007 before returning to normal growth.

Countrywide Mortgage Lending Continues Slide

Countrywide Financial Corp. reported its mortgage funding declined 12 percent to $41 billion in October compared to October 2005 and 7 percent to $375 billion on a year-to-date basis.

Wednesday, November 8

OCP Cutting Workforce Next Summer

Fiber optic component manufacturer Optical Communications Products Inc. will layoff up to 180 workers at its Woodland Hills facility next summer, the company has announced.

CUB Sees Continued Improvement

California United Bank said assets increased 12 percent to $159.7 million as of Sept. 30 from the prior quarter ended June 30.

Glendale Official Resigns

Bob Franz has submitted his resignation as director of administrative services and finance for the city of Glendale.

College of the Canyons Bond Passes

Santa Clarita voters have approved a $160 million bond measure to improve the Valencia campus of College of the Canyons and construct a new facility in Canyon Country.

Thursday in the Valley

The Agoura/Oak Park/Conejo Valley Chamber of Commerce holds its 25th anniversary celebration.

Shoe Pavilion Sales Increase, Net Falls

Shoe Pavilion Inc. said today that it incurred a net loss of $318,000 or $0.03 per diluted share, for the third quarter ended Sept. 30.

Tuesday, November 7

Editor Leaving L.A. Times

A month after the Tribune Co. forced out the publisher of the Los Angeles Times, the paper's editor is also out the door.

Alcatel Signs $300 Million Contract

The telecommunications company Alcatel has signed a $300 million agreement with the University of Pittsburg Medical Center to provide a IP communication system between its 19 hospitals and 400 clinics.

Wednesday in the Valley

The North Valley Regional Chamber of Commerce holds its special events cluster.

Sport Chalet Back in Black

Sport Chalet Inc. reported net income of $1.7 million or $0.12 per share for its fiscal second quarter ended Oct. 1 compared to a net loss of $5.2 million in the comparable period a year ago.

Sport Chalet Adds San Jose Store

La Canada-based Sport Chalet Inc. will open its newest location in San Jose, Calif., on Nov. 10, the company announced.

Monday, November 6

Deciding to Go It Alone

A look at the growing trend of solo practitioners.

Newsmakers

Valley businesspeople in the news and on the move.

Beverly Hills Net Plummets

Beverly Hills Bancorp Inc. today reported net income of $2.6 million or $0.13 per diluted share in the third quarter of 2006, down more than 40 percent from $4.4 million or $0.21 per share in the like period a year ago.

'American Idol' Producer to Set Up Shop in Burbank

First, Katharine McPhee represented the Valley on American Idol. Now the show's whole production company is moving over the hill, Shelly Garcia has uncovered.

LTC Net Rises

LTC Properties Inc., a Westlake Village-based real estate investment trust, reported net income available to shareholders of $6.8 million or $0.29 per share for the third quarter ended Sept. 30.

Study: Retail Sales Weaken During October

Retail sales were weaker in October, according to a new study.

Medical Record

New Mission Community Hospital CEO Heidi Lennartz takes her experience caring for people to running the small independent Panorama City facility as it continues on a growth track.

21st Income Up 35 Percent

The Woodland Hills insurance company 21st Century Insurance reported that its net income for the third quarter increased 35 percent.

Businesses Bracing for Flu

Find out how local businesses are preparing to battle the upcoming flu season.

Valley Firms May Profit from Network Strategy

Reality production companies in the Valley could benefit from NBC's programming changes.

Amgen Drug Results 'Encouraging'

Drug maker Amgen reported "encouraging results" from its Phase II trial of the experimental cancer drug AMG-706, which treats a type of gastrointestinal cancer.

New Wave Makes a New Space, But Keeps Some of the Old Alive

New Wave Makes a New Space, But Keeps Some of the Old Alive Small Firms Offered Programs, But Is Anybody Really Listening?

Tuesday in the Valley

The Sherman Oaks Chamber of Commerce holds its program committee meeting.

Taste Test

Burbank-based company capitalizes on popularity of the exotic mojito cocktail among trendsetters.

It's Time to Stop Misleading Voters in State

It's time to stop misleading California voters, says Gregory N. Lippe.

Valley Job Growth Expected to Slow, CSUN Report Says

A report shows the Valley economy did well in 2005 and 2006, but how long will it last?

Vegas Ticket Service Sees October Surge

Increased customer awareness and a larger number of shows led Tix Corporation to record business in October at its half-price ticket subsidiary in Las Vegas.

Wal-Mart Spiffs Up Its Store In Panorama City

The Wal-Mart in Panorama City undergoes a massive makeover.

Panavision Acquires Rival

The Hollywood mainstay Panavision Inc. expands its portfolio and client list by picking up a camera rental company.

Santa Clarita Picked for Enterprise Zone

Santa Clarita is one of 23 new enterprise zones designated by the state, clearing the way for businesses in the city to receive tax breaks and other incentives to spur growth for the next 15 years.

Technology, Code Changes Alter How Firms Operate

Technology and code changes alter how firms operate, says Keith Todd.

IP Becomes Big Business For Law Firms

The rapid growth of the Internet has made the intellectual property law an area of expertise in hot demand.

Privacy Becomes Huge Issue

The electronic age has ushered in sticky problems with respect to the long-held right to privacy.

Valley Firm Faces Complex World of Patent Protection

What happens when the product you created from scratch and built into a successful business starts being copied by competitors?

Minimum Wage Hike Boosts Business for Security Firm

Why companies are taking fewer chances in the hiring process.

Layoffs at Daily News Reflect A Broader Strategy at Parent

Cuts at the Los Angeles Daily News are part of a larger corporate strategy.

Soaring Dow Could Shake Loose IPOs

Reporter Chris Coates looks at whether the Dow Jones Industrial Average topping 12,000 is enough to breathe new life into the ailing IPO market.

Cherokee to Represent Hot Kiss, Linea Pelle

Cherokee Inc. client Hot Kiss has struck an exclusive multiyear distribution deal with the major South Korean retailer, marketer and wholesaler YKI Inc.

New Bar President Wants Clearer Role for Group

The new head of the San Fernando Valley Bar Association sits down with the Business Journal.

Entrepreneurs Learn To Implement Ideas

A Valencia conference lets small business owners in on the tricks of the trade.

Local Businesses Turn Out For Valley Community Clinic

A look at the philanthropic activities of Valley-area companies and businesspeople.

AROUND THE VALLEYS

A look at the news happening around the Conejo, Santa Clarita, San Fernando, Antelope and Simi valleys.

Area Organizations Push Innovation Under Program

The Ventura County Economic Development Association is searching the San Fernando Valley for tech companies large and small to include in a new statewide database.

Friday, November 3

BREAKING NEWS: Valley Enterprise Zone Eliminated

The Northeast Valley Enterprise Zone was eliminated Friday after a state panel did not renew its designation.

Move Reports Flat Net

Move Inc., the Westlake Village-based online real estate information and marketing services company, said it earned $1.3 million or $0.01 per diluted share for the third quarter ended Sept. 30 compared to net income of $1.9 million or $0.01 per share in t

THQ Turns Up 3Q Profit

Spurred by strong sales of its new "Company of Heroes" and "Saints Row" games, video game publisher THQ, Inc. posted a $12 million net income for the third quarter, the company announced Friday.

United Online Profits Up for 3Q

United Online, Inc. increased its net profits by more than 6 percent for the third quarter, the company announced this week.

Health Net Income Up 13.4 Percent

The Woodland Hills managed health company Health Net Inc. reported that its third quarter net income increased to $90.9 million, or $0.76 per diluted share, a 13.4 percent increase from third quarter 2005.

Net Rises 71 Percent at First California

First California Bank parent FCB Bancorp reported that net income rose 71 percent to $1.3 million or $0.39 per share for the third quarter ended Sept. 30 compared to net income of $762,000 or $0.35 per share in the comparable period a year ago.

Monday in the Valley

The Encino Chamber of Commerce holds its executive committee meeting.

Glendale Taps into Wind Power

Glendale Water & Power has inked an agreement to buy electricity from a Wyoming wind farm.

Thursday, November 2

Northridge Broker Charged with Fraud

Police arrested a Northridge insurance broker who investigators say made off with more than three-quarters of a million dollars from senior citizens and their families.

Friday in the Valley

The Studio City Chamber of Commerce holds its first Friday breakfast featuring guest speaker, Los Angeles City Council President Eric Garcetti.

City Coordinates Valley Traffic Lights

The city has launched a new system that synchronizes

On Assignment to Sell More Shares

The Calabasas professional staffing firm On Assignment Inc. plans to sell 6.65 million new shares of its common stock.

MannKind Spending Doubles

Research and development spending has sent third quarter losses skyrocketing for the Valencia biomedical pharmaceutical manufacturing Mann Kind Corp.

Wednesday, November 1

Guitar Center Net Falls

Earnings at Guitar Center decreased 27 percent to $11.3 million or $0.38 per diluted share for the third quarter ended Sept. 30, compared to net income of $14.4 million or $0.51 per share for the comparable period a year ago.

Idle Plants Equals Income Loss for Superior

A slower pace of production and idle manufacturing plants contributed to Superior Industries International Inc. reporting a net income loss for the third quarter, the company reported Wednesday.

Diodes Profits Up in 3Q

Better than expected sales in the consumer electronic industry led to a net profit of $12.8 million in the third quarter for semiconductor manufacturer Diodes Inc.

Chamber CEO Steps Down

The chief executive of the Antelope Valley Hispanic Chamber of Commerce is leaving the position.

Chamber Creates New Website

The Universal City North Hollywood Chamber of Commerce has launched a redesigned website.

Thursday in the Valley

The Chatsworth/Porter Ranch Chamber of Commerce holds its government relations committee meeting.

Cherokee Increases Dividend

Van Nuys-based licensing company Cherokee Inc. said today that its board approved a $0.15 per share dividend increase to be paid in December.