Stories for April 2007

Monday, April 30

Apartment Vacancies Very Low

The apartment occupancy rate in the greater San Fernando Valley remained relatively stable at 93.1 percent in the first quarter of 2007

Attorney Proposes Changes to Workers Comp Law

There's another move afoot to change the state's workers compensation system.

Affordable Housing Bringing to Light Another Issue

Senior Reporter Shelly Garcia on the continuing saga of the Warner Center Specific Plan.

Overprotective Parents Taking Employers to Task

More HR professionals are hearing from the parents of fired young employees.

Antelope Valley Coalition Prepares Bid for New CSU

Staff Reporter Chris Coates examines efforts to bring a state university to the high desert.

Bernsen's Media Works Stakes Place in Indie World

One Van Nuys production company is pitching itself as the independent of independents, Staff Reporter Mark R. Madler reports

New Media Changing Job Searches, Hiring

Friends aren't the only ones looking at MySpace and Facebook sites; so are would-be bosses.

Metro Approves $86 Million in New Buses

The Metro Board of Directors approved Monday purchasing up to 100 new high capacity buses at a cost of $86 million

Employers Direct Bought

A New York-based company has acquired Agoura Hills insurer Employers Direct Corp.

How to Handle When the Labor Commissioner Visits

Columnist Sue Bendavid-Arbiv on how to handle when the Labor Commissioner visits.

Startup Skybus To Offer Burbank-Columbus Nonstop via Bob Hope

The no-frills Skybus Airlines has started service at Bob Hope Airport.

Stop Talking About 'If Only It Was the Good Old Days'

Columnist Joel G. Block asks: were the "Good Old Days" really that good?

Radio Jock Turned Entrepreneur

A Santa Clarita Valley native has turned a small DJ business into a thriving entertainment company.

Palmdale Pizza Chain Finds Franchise Woes

The woes of Lancaster-based Red Brick Pizza. Note: Correction added.

Professional Firm E-Mail Fees Can Be Controlled

Think dealing with all those e-mails doesn't cost employers much?

AROUND THE VALLEYS

A new home for fitness guru Billy Blanks tops what's happening in around the valleys.

Trouble in the Workplace Mostly Fixable

Business Journal Editor Jason Schaff thinks trouble in the workplace is mostly fixable.

Space, Incentives Tempt Valley Companies to Move

A look at why so many Valley companies are moving to more business-friendly locales.

Pentadyne Listing in London

Pentadyne Power Corp., a developer of energy storage systems, has filed an intention to list on London's Alternative Investment Market, according to a report from DowJones VentureWire Alert.

Skilled, Motivated Applicants Scarce

Employers facing a job pool stocked with under-trained candidates is taking new measures to find the best of the crop.

Encino Ad Firm Donating to Saberhagen Foundation

The latest philanthropic activities of Valley-area businesses.

Still Too Few Women Entering Technology Field

Columnist Dr. Rose-Marie Dishman on why so few women are entering the technology field.

MRV Lessens Q1 Losses

MRV Communications Inc. lessened its loss for the first quarter of the 2007 fiscal year

Dole Offers HR Success to Others

The fruit giant is marketing its in-house employee wellness program to outside companies.

Prime Warner Center Site Scrutinized for Development

Sources say a site in the heart of the Warner Center is primed for redevelopment.

New Hispanic Business Bank Plans to Open in Chatsworth

Another Hispanic bank is opening in the Valley.

Public Education Needed To Halt Illegal Music Downloads

U.S. Rep. Howard Berman is stunned that more people don't view illegal downloads as stealing.

Health Net Profit Increases 16%

Woodland Hills insurance company Health Net Inc. reported a 16 percent increase in quarterly profit.

Former CSUN President James Cleary Dies

Former California State University at Northridge President James Cleary, who oversaw the academic and physical growth of the campus, died April 28. He was 80.

$125 Million Tower Consolidates Outpatient Services

Glendale Adventist Medical Center is preparing to open its $125 million new patient tower.

Santa Clarita Center Sold

Private investors have acquired a 47,748-square-foot shopping center in Santa Clarita for $22.8 million.

Hearty New Role For Burbank Cardiologist

Dr. Boris Larreta takes the helm as chief of staff at the quickly-expanding Providence St. Joseph Medical Center.

Bamboo Acquires Pet Toy Maker

Bamboo, Inc. acquired Fat Cat, Inc., manufacturer of innovative cat and dog toys, the company has announced.

Friday, April 27

Motion Filed to Give Neighborhood Councils Appeal Power

The Los Angeles city attorney's office is examining the feasibility of a city council motion that would give neighborhood councils the right to appeal some entitlement requests in their areas.

CBS Broadcast Center Dedicated

Employees and executives gathered Friday afternoon for the dedication of the new broadcast center at CBS Studio Center in Studio City.

AMCAL Developments Underway

AMCAL Multi-Housing Inc. in Agoura Hills began construction on two greater San Fernando Valley developments.

K-Swiss Stumbles

Earnings at K-Swiss plummeted in the first quarter to $18 million or $0.51 per diluted share, compared with $24.9 million or $0.70 per diluted share in the first quarter of 2006.

Reality TV Still a Hit With On-Location Permits

Reality television shows continues to create the highest number of on-location of production days in the Los Angeles area, according to the latest figures released by FilmL.A.

Thursday, April 26

Correction: Providence Picket

A headline in the "Latest Local News" section on April 24 said that a one-day "strike" was scheduled at Providence St. Joseph Medical Center. The union activity was actually a one-day picket calling on the hospital to accept certain provisions.

Health Net Named Community Provider for 5 Counties

The state has selected Woodland Hills-based Health Net of California as the community provider plan for Fresno, Tulare, Napa, Yuba and Colusa counties, the company announced Thursday.

Blue Cross of California Launches Dental Plan for Small Businesses

Thousand Oaks-based Blue Cross of California has launched a new PPO insurance product from affiliate BC Life and Health Insurance Co. for small businesses in California.

West Hills Radiation Therapy Center to Open

A new radiation care facility is starting operation in the west Valley

Laing Exec Heads to India

Bill Rattazzi, president of the Los Angeles/Ventura division of John Laing Homes, will relocate to India to head the parent company's office there.

Film Industry Lobbyist Jack Valenti Dies

Jack Valenti, the former White House staffer who became the long-time face of the film industry in Washington, died Thursday. He was 85.

Wednesday, April 25

Americas United Reports First Quarter

Americas United Bank, the first Hispanic-owned bank to open in California in some three decades, said that its assets grew to $45.6 million as of the first quarter of 2006, up from $34.4 million at year end.

IHOP Sees Net Decline

IHOP Corp. reported that its net income decreased 10.2 percent to $11.3 million or $0.63 per share in the first quarter ended March 31, on revenues of $90.1 million.

U.S. Navy Awards $1 Million Contract to Laser Firm

QPC Lasers, Inc. received two contracts totaling $1 million from the U.S. Navy to deliver high-energy laser engine prototypes, the company announced Wednesday.

Tuesday, April 24

Universal Studios to Get 'Simpsons' Ride

NBC Universal is adding a new "Simpsons"-inspired ride to its roster of attractions at Universal Studios Hollywood, the company announced Tuesday.

Skybus Announces Service to Bob Hope Airport

Bob Hope Airport in Burbank will be among the airports served by new start up airline Skybus, the carrier announced Tuesday.

SEC Investigates Amgen Exec Insider Trading

The husband of a top executive at the Thousand Oaks drug maker Amgen is the subject of a Security and Exchange Commission investigation into alleged securities fraud.

California Home Sales Fall Again

The median home price in Los Angeles County fell nearly 4 percent in March compared to February to $571,110, according to statistics from the California Association of Realtors.

OSI Consulting Expands With Canadian Acquisition

OSI Consulting Inc. expanded its presence in Canada with the acquisition of a firm that has provided services for the Canadian government for more than a decade, the company announced.

Monday, April 23

Ventura Boulevard Parking Scofflaws Beware

The city has assigned five additional traffic officers and three tow trucks to ticket and remove illegally parked cars on a section of Ventura Boulevard during the morning rush hour.

Quake Shakes Valley

A 3.1 magnitude earthquake jolted the San Fernando Valley on Monday afternoon.

Western Commercial Reports Assets

Western Commercial Bank said assets reached $53,132,000 as of March 31, including gross loans of $43,445,000 and total deposits of $42,487,000.

'Times' Seeks Cuts of 100 to 150 Jobs

The Los Angeles Times announced Monday it would reduce up to 5 percent of its workforce through voluntary buyouts, elimination of open positions and a voluntary four-day work week at reduced pay.

Ringtone Company Receives $7 Million in Funding

Emotive Communications Inc. received $7.7 million in funding for its real time interactive ringtone format, the company announced.

Compromise Reached on Warner Center Apartment Project

The City Council voted to reduce the amount of affordable housing units that must be earmarked in a proposed apartment complex planned for Warner Center.

Saturday, April 21

CBS Moves into New Studio City HQ

Saturday marked the first broadcast day for KCBS- and KCAL-TV out of their new Valley studio in Studio City.

Friday, April 20

National Veterinary Associates Sold

Westlake Village-based National Veterinary Associates has been sold to a venture firm.

Shoe Pavilion Expects Loss

Shoe Pavilion Inc. said today that it expects to report a net loss of $1.2 million to $1.3 million or $0.13 to $0.14 per diluted share for the first quarter ended March 31, 2007.

Judge Throws Out Strip Club Suit

A Superior Court judge has thrown out a suit by a Tarzana strip club that argued a city ordinance banning adult entertainment venues from operating within 500 feet of a residential zone didn't apply to them.

L.A. Unemployment Rate Above State, U.S. Average

The Los Angeles County jobless rate hit 5 percent in March, the highest number in 12 months and a sizeable increase from the 4.6 percent rate of February.

Superior Receives Supplier Excellence Award from Ford

Superior Industries International Inc. received the World Excellence Gold Award from the Ford Motor Co., the company announced.

Mortgage Company Lays Off 700 Workers

More than 700 workers were laid off from WMC Mortgage, the Burbank-based subprime lending unit of General Electric Co.

Thursday, April 19

Plane Destroyed in Whiteman Airport Accident

A pilot and passenger escaped injury Thursday morning after their small aircraft cart wheeled off the runway at Whiteman Airport in Pacoima.

Shoe Pavilion Expects Loss

Shoe Pavilion Inc. said today that it expects to report a net loss of $1.2 million to $1.3 million or $0.13 to $0.14 per diluted share for the first quarter ended March 31, 2007.

Pacoima Company Recalls Dog, Cat Foods

Natural Balance issued a voluntary recall of some of its dog and cat food after receiving calls the food had sickened pets, the company announced.

Wednesday, April 18

United Online Extends Deal for Yahoo! Search Results

United Online Inc. signed a multi-year agreement to continue having its users receive search results from Yahoo! Inc., the company has announced.

Property Management Firm Acquired

Stratus Real Estate, a multifamily property management firm, has been acquired by Riverstone Residential Group.

Sylmar Contractor Sues City

Sylmar contractor Tutor-Saliba Corp. is suing Los Angeles World Airports over contested back payments from the construction of the expanded Van Nuys FlyAway Center.

Precision Division Sold to Michigan Company

Precisions Dynamics Inc. has offloaded its medical writing instrument operation, the company announced Wednesday.

Tuesday, April 17

Bank of Santa Clarita Sees Asset Growth

Bank of Santa Clarita reported assets reached $118.4 million on March 31, 2007, a 9 percent increase compared to Dec. 31, 2006.

Judge Allows Blue Shield to Drop Coverage for Realtors

A Los Angeles Superior Court judge ruled that insurer Blue Shield of California could drop coverage for members of the California Association of Realtors after the group's enrollment dropped below the minimum required under its contract.

Rehearsals.com Taking Music Content Mobile

Music content from rehearsals.com will be available to mobile customers starting in May following an agreement with g8wave, the company announced.

H & M; Sees Big March Increase

H & M; Hennes & Mauritz AB, a Swedish retailer that is in the midst of an aggressive expansion into the Southern California market, reported that same store sales rose 17 percent in March.

First Private in Deal With Wilshire Funds

First Private Bank & Trust has reached an agreement under which it will offer Wilshire Funds Management products and services to its clients.

Appeals Court Strikes Down Villaraigosa School Plan

A state appeals court Tuesday struck down a law that would have given L.A. Mayor Antonio Villaraigosa more control over the Los Angeles Unified School District, perhaps marking the final blow for the central piece of the mayor's plan to reform the trouble

Study Delivers Specifics on Amgen Drug

A clinical trial of cancer patients taking Amgen Inc.'s anemia drug Aranesp found that one in four died after 19 weeks, a rate about 5 percent higher than those taking a placebo.

La Canada Nursing Home Operator Files for Bankruptcy

La Canada-based Pleasant Care Corp. has filed Chap. 11 bankruptcy amid charges of elder abuse at some of its 30 facilities.

Monday, April 16

Flurry of Projects At Area Hotels

A look at the hotel projects in the works in the Valley area.

Fundraising for Valley College Athletic Hall of Fame

The Valley College Athletic Hall of Fame Committee has reached out to San Fernando Valley businesspeople to increase the exposure of the hall of fame and provide fundraising support.

Small Firms Often Get Little When Others File Chap. 11

How all businesses pay a price whenever a small business goes belly up.

Nearly 2,000 Students Expected for Career Day

More than 1,500 youngsters are expected at an aviation career day at Van Nuys Airport.

Venture Capital Firms Provide $6 Million for Software Company

Workflow software maker MESoft Inc. received $6 million in funding from two venture capital firms, the company announced.

BreathAsure Couple Head Unit of Ad Agency

BreathAsure couple rebuilds with new venture.

Convention Planners Find Valley Most Hospitable

Those familiar with the tourism industry say the bumpy Valley convention business is poised to grow this year.

Cash Balance Plans Offer Greater Tax Savings

How to get the most out of your taxes this year.

Valley Chamber Name Game

Why Editor Jason Schaff thinks the Mid Valley Chamber of Commerce's name change is a big deal.

How to Motivate Employees to Take More Ownership

Columnist Jonathan Goldhill on how motivating your employees can help the business.

Class A Office Rents Jump 6 Percent in Greater Valley

The long awaited office rent spike has finally begun, Senior Reporter Shelly Garcia has found.

Actor Focuses on The Nuts and Bolts

One actor is taking a hands-on approach to getting students into the labor market.

Small Business Owners Tell Congress About Patent Woes

Will patent reform ever really benefit small businesses?

New Start Celebrates 25 Years of Service to the Severely Disabled

One company has been helping people with spinal cord injuries for 25 years.

Data: Valley Occupancy Rates Up in February

Occupancies at San Fernando Valley hotels increased 3.6 percent during February, beating the county-wide average increase of 2.1 percent, the hotel trends tracking firm PKF Consulting found.

Sun Valley Landfill Closes

The controversial, 209-acre Bradley Landfill closed this weekend in Sun Valley.

Amigo's Files For Chap. 11 Protection

After becoming one of the Valley's fastest growing private companies, Amigo's Flooring has filed for Chap. 11.

Cherokee Sees Net, Revenues Rise

Cherokee Inc. reported net income rose to $20.7 million or $2.33 per diluted share for the fourth quarter ended Feb. 3, 2007 from $4.4 million or $0.49 per diluted share for the comparable period a year ago.

VEDC Names Uribe First Latino Chair

The Valley Economic Development Center has named a new chairman.

Local Image Staff Gets on With Business After Sale

Staff Reporter Mark R. Madler on reaction to news that Image Entertainment was being sold to a private investment firm.

AROUND THE VALLEYS

A new CRA-sponsored streetscape top what's happening around the Valleys.

Affordable Housing Clouds Zine Business Strategy

City Councilman Dennis Zine on how he's keeping business in the Valley.

Bill Liked by Investors Seen as Having Little Chance

Why are angel investors so excited about the Access to Capital for Entrepreneurs Act?

Occupancy Dips But Rates Still Rise

The once white-hot occupancy rates among Valley hotels have leveled off.

Zinc Matrix Grows With Larger Facility

A Camarillo company is charging itself with creating a better battery.

It's True: The Times They Are a Changin'

Columnist Martin Cooper on our changing times.

Tourism Vet Hired To Permanent Post At Visitors Bureau

The troubled San Fernando Valley Conference and Visitors Bureau has named a new permanent CEO, a sign the group is building its clout.

Mid Valley Chamber Changes Its Name

The Mid Valley Chamber of Commerce is changing its name to the Greater San Fernando Valley Chamber of Commerce.

Countrywide CEO Exercises Options

Countrywide Financial Corp. Chairman and CEO Angelo R. Mozilo exercised options for 46,000 shares of common stock, yielding about $1.5 million, the Calabasas-based company said in an SEC filing.

Magic Mountain's New Strategy Using Corporate Branding to Attract Families

Six Flags Magic Mountain has introduced a new plan to generate funds: corporate branding.

Healthy Kids, Happy Franchise

A Van Nuys company has made a business out of keeping kids healthy.

A Beauty of an Idea

Deborah Carver has built Age Publications into a powerhouse in the beauty trade publishing industry.

Friday, April 13

Countersuit Filed Against Amgen

Ariad Pharmaceuticals Inc. has filed a counter claim against the Thousand Oaks drug maker Amgen Inc charging patent infringement.

Lakeside Builds Glendale Surgery Center

The Glendale physician's group Lakeside Healthcare is opening a new outpatient surgery center in Glendale next month.

Pay Cut: Ford Kin Lost $581 Million Since 2001

The raucous U.S. auto market has taken a serious toll on the industry's most famous destiny, the Ford family.

Power Still Out in Mid-Valley, Fixes Might Not Come Until Sunday

More than 10,000 Valley businesses and residences were still without power Friday afternoon, a day after heavy winds toppled trees and plunged large parts of the city into darkness.

Thursday, April 12

Ryland Shakeup

Kip Scott, a 14-year veteran of The Ryland Group Inc., is leaving his post as chief operating officer as the homebuilder struggles with a downturn in the housing market.

Hotel to Open in Thousand Oaks

A 93-room TownePlace Suites hotel has opened in Thousand Oaks.

Baby Food Maker Gerber Acquired by Nestle

Nestle SA has agreed to acquire U.S. baby food maker Gerber in a deal worth $5.5 billion, the company announced Thursday.

Capstone Inks East Coast Distributor Deal

Capstone Turbine Corp. signed a distributor agreement to cover the Pennsylvania and Mid-Atlantic regions, the company announced Thursday.

Countrywide's Nonprime Business Down

Countrywide Financial Corp. said today that nonprime mortgage fundings declined 29 percent in the month of March compared to March 2006 to $2.4 billion.

IHOP Sales Increase on Price Hikes

IHOP Corp. said today that its same store sales increased 0.5 percent for the quarter ended Mar. 31.

Wednesday, April 11

Amgen CFO Resigns

The chief financial officer of Thousand Oaks drug maker Amgen Inc. has stepped down.

DeVry Opens at Sherman Oaks Galleria

Devry University has opened its new campus at the Sherman Oaks Galleria.

'Emperor,' Three Other Films Come to Image

Image Entertainment signed a license agreement for four films, including Academy Award-winner "The Last Emperor," the company announced Wednesday.

NAR Sees Home Prices Dip in 2007

The National Association of Realtors projected today that prices for existing homes will drop 0.7 percent this year, the first median price drop forecast since the group began keeping records in the late 1960s.

Tuesday, April 10

Inphi Corp. Opens Japan Office

Inphi Corp. has opened an office in Japan to meet the growing need for its integrated circuits, the company announced Tuesday.

Hospitalist Co. Expands into Georgia

North Hollywood-based The Hospitalist Co. has acquired Magna Care Hospitalists of Macon, Ga.

Unions Vote to Support Grocery Workers

The Los Angeles County Federation of Labor, AFL-CIO, along with a number of other unions said today that it would boycott grocery stores and provide strike assistance if the United Food and Commercial Workers choose to strike.

City Atty. Tries to Stamp Out 'Billboard Blight'

The Los Angeles City Attorney's office has sponsored new legislation inked by state Sen. Mark Ridley-Thomas to toughen regulations on billboard and give cities the right to take illegal ones down.

Demonstration for Immigrants Planned

A coalition of labor unions, human rights activists and others is calling for a repeat of the last year's boycott in support of immigrant's rights.

Guitar Center Seeks Increase for Stock Plan

Guitar Center Inc. will ask shareholders next month to approve an increase in the number of shares it may offer under its incentive stock award plan.

Camarillo OKs New Office Park

Camarillo's planning commission has given a green light to Opus West to construct a $35 million office park in the city's Heritage Zone.

Blue Cross, Antelope Valley Hospital Talks Break Down

Talks between Antelope Valley Hospital and Blue Cross of California broke down Monday, with the sides at a roadblock about how the medical center will treat Medi-Cal patients.

Monday, April 9

AMCAL Opens in Fresno

Agoura Hills-based AMCAL Multi-Housing Inc. has opened a satellite office in Fresno to support its development activities in the Central and Northern California regions.

Cheesecake Arranges New Financing

The Cheesecake Factory Inc. has announced a five-year $200 million unsecured revolving credit facility.

Construction Starts on Valley Presbyterian Cath Lab

Construction has started on a new cardiac catheterization lab at Valley Presbyterian Hospital in Van Nuys.

Chatsworth Inks $26 million Buyback Deal for HQ

Nutritional company Natrol has closed on a sale-leaseback deal with TA Associates Realty for its corporate headquarters and shipping center in Chatsworth.

Ticket Broker Firm Reaches $5 Million in Revenues

Ticket agency Tix4Tonight doubled its revenues and sold more than a half million discounted tickets to Las Vegas shows and events in 2006, its parent company Tix Corp. announced Monday.

Deal Opens Door to Capstone in NYC Area

Capstone Turbine Corp. signed a distributor agreement with the manufacturer of generator systems, the company announced Monday.

Friday, April 6

Countrywide to Face Shareholder Probe

A judge in Delaware cleared the way for an April 18 probe of stock option practices at Countrywide Financial Corp., an Associated Press story reported today.

First Commerce Sees Net Rise

First Commerce Bancorp reported net income rose to $815,000 for the quarter ended Mar. 31, compared to earnings of $693,000 for the same period last year.

Youbet Launches Handicapping Show

Youbet.com debuted its new horse race handicapping series on Friday, the company's first foray into original programming.

Mozilo to Helm Woodbury Graduation

Angelo R. Mozilo, CEO of Countrywide Financial Corp. in Calabasas, is slated to deliver the keynote address at the May 5 commencement ceremonies of Woodbury University in Burbank.

Minnick Resigns From California Oaks

Cole W. Minnick, president and CEO of California Oaks State Bank, has resigned effective April 15.

Thursday, April 5

Grocers Enter Pact

The three major grocers in Los Angeles said they have struck an agreement that includes a provision to lock out all employees from all stores if a strike is called at any one of the chains.

Council Ups Fees Charged to Relocate Tenants

The Los Angeles City Council voted Wednesday to increase the fees charged to condominium developers that want to relocate apartment dwellers of rent-controlled units.

Countrywide to Face Shareholder Probe

A judge in Delaware cleared the way for an April 18 probe of stock option practices at Countrywide Financial Corp., an Associated Press story reported today.

Nine Presidential Candidates to Debate at Reagan Library

Nine Republican presidential candidates have agreed to participate in May 3 debate at the Ronald Reagan Presidential Library in Simi Valley.

Dole Opens No. Carolina Plant

Dole Food Co. has opened a $54 million salad packaging plant in Bessemer City, N.C., its first in the state.

Wednesday, April 4

Disney, TW Cable Reach Distribution Agreement

Programming from ABC Television, ESPN and the Disney Channel will be available to Time Warner Cable subscribers after a multi-year distribution agreement was reached between the cable giant and The Walt Disney Co.

Glendale Multifamily Complex Sold

StarPoint Properties LLC has purchased a 104-unit multifamily complex in Glendale for $17 million.

Image Deal Will Close Vegas Facility

Image Entertainment, Inc. will close its Las Vegas distribution facility after reaching a deal with the company that makes its CDs and DVDs to handle the company's distribution.

Contract Awarded to Study Orange Line Extension

The Los Angeles County Metropolitan Transportation Authority awarded a $6 million contract for engineering and transportation services connected to a proposed extension of the Orange Line busway.

Tuesday, April 3

DIC to Launch Kid's Network

Burbank-based DIC Entertainment has struck a deal with two foreign media companies to launch a new children's television channel.

Health Clinic Slated for Simi Valley

Ventura County Supervisors have approved a new health care services center in Simi Valley.

Amgen's Ireland Project Delayed

A construction delay has stalled the opening of $1.1 billion manufacturing plant built by Thousand Oaks drug maker Amgen in Ireland.

Strix Installs Wireless Network at St. Louis Complex

America's Center in St. Louis has installed a wireless communications network created by Strix Systems of Calabasas.

Providence Eyeing Santa Clarita for New Hospital

Providence Health System, the Seattle-based owner of Saint Joseph and Holy Cross medical centers in the Valley, is in preliminary discussions about opening a hospital in the Santa Clarita Valley, an official for the health care group said Tuesday.

Monday, April 2

AROUND THE VALLEYS

The latest in the saga of the Museum of the San Fernando Valley, plus other Valley-area news

Investors Outraged Over Termination of ECHO Deal

The news that Electronic Clearing House Inc. and Intuit had terminated their merger agreement angered shareholders last week as ECHO stock continued its steep descent with little to suggest a near-term turnaround.

Donor, Jewish Home In Arbitration Over Naming Rights Fight

A donor to the Jewish Home for the Aging says the Reseda facility reneged on its offer to name a new building after him.

Recipe For Success

Behind the scenes of how one recent college graduate is trying to turn around a crumbling cookie and confection franchise

So Far, Valley Lagging in Mayor's Recruitment

Mayor Antonio Villaraigosa campaigned on a platform to bring new business to the Valley. So why are some saying he's not pulling his weight?

Lakeside Seeks Dominance With Merger

One of the largest independent physician associations in the Valley area is expanding its footprint, Staff Reporter Chris Coates has found.

L.A. Times Owner Sold

Chicago real estate magnate Sam Zell has won the bidding war to control the Tribune Co., owner of the Los Angeles Times and three Valley community newspapers.

Accounting Firm Helps Faculty Research at CSUN

A look at the philanthropic activities by Valley-area companies

Local Companies Show Off Importance of Aerospace

On the display floor at the Westec manufacturing trade show, Todd White and Jonathan Christopher stood behind a glass case containing products made by Scientific Cutting Tools in Simi Valley.

HOSPITAL RX

Roger Seaver guides Henry Mayo Newhall Memorial Hospital as it tries to look beyond its troubled past and complete a growth phase.

It's Long Overdue: Let's Get Down to Business

Editor Jason Schaff says there's too much talk about how L.A. is unfriendly to business. It's time to change it.

Pierce Business Professor Dies

Humberto "Bert" Sanchez, an instructor at Pierce College who established the school's international business program, died March 9 at Los Robles Hospital and Medical Center.

NBC, News Corp. to Compete with YouTube

NBC Universal and News Corp. have formed a joint venture and plan to launch a free-distribution video network this summer

Pratt & Whitney Wins $80 Million Testing Contract

Pratt & Whitney-Rocketdyne received an $80 million contract with NASA to perform testing at the Stennis Space Center in Mississippi.

Entrepreneur, Real Estate Chief to Headline Event

The state's top real estate deputy and the inventor of Atari are scheduled to headline the San Fernando Valley Economic Summit

Valley Still Integral Part of County Manufacturing

The Valley's still an integral part of county manufacturing, a new study has found

Men Hitting the Malls in Search of Style

A newly empowered average Joe is changing the demographics for retailers, and stores are scrambling to figure out how to attract him

Study: Employment Numbers Likely Stalled Economic Slowdown

The employment picture in California turned out to be somewhat more hearty than initially anticipated in the latter half of 2006, but the better-than-expected employment growth likely only postponed an economic slowdown.

NEWSMAKERS

A look at those in the news and on the move in the Valley-area business community

VoIP Provider Voxbone Opens U.S. Center in Simi

The Internet telephony service provider Voxbone is moving into Simi Valley

State Tax Incentives are Effective Tools

Gregory N. Lippe says state tax incentives are effective tools

DVD Will Be Around for Awhile, Industry Insiders Say

Even though they're getting loads of competition from video-on-demand and new platforms, DVDs aren't likely to disappear any time soon

Lee Moves Into Antelope Valley

Lee & Associates-LA North/Ventura Inc. has opened a Lancaster office to service the Antelope Valley.

Smith Record Backs Business

Greig Smith, the pro-business 12th district councilman, sits down with the Business Journal to talk about what he's doing to help the Valley economy

Theater Company Bids to Run Madrid

The Golden Performing Arts Center has submitted a proposal to become the operator of the Madrid Theatre in Canoga Park

Aviation Firm Becomes Marketing Partner of L.A. Commission

JetDirect Aviation has signed on as a marketing partner of the Los Angeles Sports and Entertainment Commission, it was announced Tuesday.

Valley Leaders Meet with Mexican Businesses

A group of Valley business officials met Friday with business leaders from Mexico in a bid to forge a new economic partnership.

Valley Filmmaker Sees Benefits of Festival Circuit

Valley filmmaker hits festival circuit

Superior Receives Top Supplier Award

Superior Industries Inc. was recognized as a General Motors supplier of the year for the seventh consecutive year, the company announced Monday.

Voit Makes Purchase in Problematic Conejo Spectrum

Voit Development Co. is paying about $50 million for space at the Conejo Spectrum, Senior Reporter Shelly Garcia has found

Can Firm Receive Portion Of Broker's Commission?

Ira Rosenblatt answers the question, "Can a firm receive portion of a broker's commission?"

Agoura Moves Forward With More Events

A look at how the Agoura - Oak Park - Conejo Valley Chamber of Commerce has grappled with the death of its executive director.

AeA Gives Strategy for U.S. Competitiveness

Improving the U.S. educational system, increasing federal funding for research and development and enacting high-skilled worker visa reform are among the recommendations of the nation's largest technology trade association.

Businesses See Business in Move Of CBS Studios

KCAL-TV and KCBS-TV are moving to new digs at CBS Studio Center in Studio City, which could spell a boon to local restaurants but a headache for motorists

Local Ad Professionals Present Awards for Campaigns

Local ad professionals present awards for campaigns

VICA Joins Area Officials on Wash. D.C. Lobbying Trip

The Valley Industry and Commerce Association was part of a nearly 200-member group of elected officials and business leaders who headed to Washington, D.C., to lobby federal officials for Valley business interests