Stories for December 2007

Wednesday, December 26

Source Photonics Going Public

Optical communications manufacturer Source Photonics will offer a sale of common stock next year, according to a filing with the U.S. Security and Exchange Commission.

Monday, December 24

Teledyne Buys Maker of Infrared Detectors

A subsidiary of Teledyne Technologies Inc. has acquired a manufacturer of infrared detectors based in Pennsylvania.

Giant Raises the Bar for Cycle Retailers with Podium Concept

Giant Bicycle Co. and a local cycling retailer team up to create a new type of bike shop.

Hollywood Urged to Give Medium a Green Message

The Hollywood Goes Green conference addresses the industry's impact on environmentalism.

New Year's Eve is Last Link in Factory Closing

After 28 years on Ventura Boulevard, the Weiner Factory closes its doors to make way for a Pinkberry.

Nevada Transplant Returns to Simi

He left the Valley for Nevada but is bringing his factory back to Simi.

Writers Strike Opened Rift in Entertainment Industry

Columnist Mark Madler looks at both sides of the Writers Strike

VALLEY STOCK WATCH

Stock activity for 50 selected greater San Fernando Valley-based public companies: Bi-Weekly Top Gainers, Losers; The Valley 50 Stock Index; 52-week Performance; Market Summary / Indexes

Glendale's Brand Corridor Earns Public Works Honor

The City of Glendale wins multiple awards for its public works projects.

TIMELINE

A chronology of some of the big stories covered by the Business Journal in '07

Holiday Staff Put Firms in Profit Mode

How do shopkeepers decide when to keep their doors open for holiday traffic?

VICA Names Board, Fetes Members

VICA Names Board, Fetes Members

NEWSMAKERS

CEO Binninger to Fuel Growth at Kreido. Valley Businesspeople in the news, on the move...

CARE Considers Lawsuit to Force Holy Cross EIR

Providence Holy Cross plans to move forward with expansion.

ENTREPRENEURS - To Protect and Server

ISWest is an Internet service provider and data storage provider.

VALLEY, L.A. COUNTY ECONOWATCH

Charts of Economic Indicators, Real Estate, Tourism...

It's the Lesson, Not the Tragedy, That Hurts

It's the Lesson, Not the Tragedy, That Hurts. Column by Editor, Jason Schaff

Tale of 'Kvelling' in Canoga Park

Guest columnist Martin Cooper has a 'kvelling' experience.

A Look at Year's Real Estate Landscape: 'I Told You So'

Guest columnist Bruce Weide told you so.

ACEing the Competition

Transportation start-up makes a splash winning a State Department award for its bus service in Cameroon.

Importers, Retailers Meet Rising Fair Trade Demand

Fair trade products are better understood and more often requested.

Showing Now: Reserved Seating, Real Butter

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

Freezes, Layoffs & Strikes, Oh My

2007 a Year of Extremes, Subprime Mortgage Mess Biggest Story. Reporter Mark Madler sums up a challenging year

Amgen Layoffs Had Little Economic Impact Locally

Amgen layoffs turned out to be half of what was projected.

Thursday, December 20

Tribune Co. Purchase Closes

Real estate billionaire Sam Zell became the new owner of Tribune Co., closing on the $8.2 billion acquisition of the media conglomerate.

Fuel, Dry-Dock Costs Sink Carnival's Net Income

Rising fuel and dry-dock costs cut into the fourth quarter net income of cruise ship line Carnival Corp.

ECHO Deal, Redux

Some nine months after an initial deal fell through, Intuit Inc. has acquired e-commerce firm Electronic Clearing House Inc.

Adult Producer Wins Contract Case

A jury awarded $141,000 to adult entertainment producer Mitchell Hartwell for breach of contract by distributor Red Light District.

Wednesday, December 19

Van Nuys Company On the Block?

Cherokee Inc. announced today that it has retained financial advisor Goldman, Sachs & Co. to explore strategic alternatives to increase shareholder value including a possible sale of the company.

Tuesday, December 18

Image Expands Canadian Distribution

Image Entertainment Inc. expanded its distribution into Canada in a renewal agreement giving theatrical, television and digital rights to Entertainment One.

Monday, December 17

Writer-less Leno Returns in January

"The Tonight Show with Jay Leno" returns to the airwaves in January, following a two-month break after the start of the scriptwriters strike.

Simulations Plus Switches Market Listing

Simulations Plus Inc. will switch the listing of its common stock from the American Stock Exchange to The NASDAQ Stock Market LLC.

Friday, December 14

Two States Start Countrywide Investigations

The state attorneys general in California and Illinois started investigations into the lending practices of Countrywide Financial.

Lippe Named VICA Chair

The Valley Industry & Commerce Association has named CPA Greg Lippe board chair.

New Charge in Writers Strike

The Writers Guild of America filed a federal complaint against the major studios that they were not bargaining in good faith over a new contract.

Thursday, December 13

National Technical Profits Rise in Q3

Net income increased more than 50 percent during the third quarter for engineering and evaluation services firm National Technical Systems Inc.

Wednesday, December 12

Health Net Wins Veterans Affairs Contract

The government operations division of Woodland Hills-based Health Net Inc. extended its contract with the U.S. Department of Veteran Affairs to provide services in the Southeastern United States.

Tuesday, December 11

Report On State Compensation Insurance Fund Released

California Insurance Commissioner Steve Poizner today released the results of a review of California's State Compensation Insurance Fund, the state's largest workers' compensation provider.

Cherokee Inc. To Pay Additional Dividend

Cherokee Inc. (NASDAQ:CHKE), based in Van Nuys, reported they would be paying an additional dividend of $0.75 per share on Dec. 14. thanks to a slight increase in year-over-year third quarter revenues and strong cash flow.

Monday, December 10

VALLEY STOCK WATCH

Stock activity for 50 selected greater San Fernando Valley-based public companies: Bi-Weekly Top Gainers, Losers; The Valley 50 Stock Index; 52-week Performance; Market Summary / Indexes

A Gift For You: 2007 Employment Law Wrap-Up

A Gift For You: 2007 Employment Law Wrap-Up. Guest Colemn by Nicole Kamm

Finally, Reseda Theater Rehab Moving Forward

Something may finally happen with the Reseda Theater.

Connections Are Key to Valley's Most Powerful Person in SFV: David Fleming

David Fleming connects people and information to be the Valley's Most Powerful Person.

Hospitals May Get Seismic Upgrade Reprieve to 2030

New technology realigns understanding of resiliencein an earthquake.

China is Hot Topic at Global Trade Summit

The Global Trade Summit focused on China.

High Court Wage Hour Case Rulings Hurtful to Employers

High Court wage hour case ruling hurtful to employers. Column by Richard Rosenberg

Reseda Jewish Home is Fundraising Powerhouse

Molly Forrest stands out raising money for the Jewish Home for the Aging.

Monroe High is Home to CA Teacher of the Year

The California Teacher of the Year is Lewis Chappelear of Monroe High.

Secret? What Dirty Little Economic Secret?

Forum takes a look at the business of adult entertainmentbusiness

NOTE TO READERS

The San Fernando Valley Business Journal apologizes for not having the Dec. 10 issue posted at the website due to a computer problem. The problem is being worked on.

Jobless Get CLU Help

Cal Lutheran program aids students and alumni affected by layoffs.

Slow Growth Frustrates Murdock on 1st Anniversary

Four Seasons Hotel Westlake Village marks its first anniversary of pampering.

United's Palmdale Service is Slow to Take-Off

Finding enough passengers to reach capacity is a challenge in Palmdale.

N. Hollywood BID Launched

The Arts District is now home to a Business Improvement District.

Editor Jason Schaff Resigns

The San Fernando Valley Business Journal's Jason Schaff will leave the paper in January.

Private Dollars, Public Giving

Trends in giving change as the donors evolve.

NEWSMAKERS

FilmLA Hires Communications Official. Valley Businesspeople in the news, on the move...

Sports Chalet Opens 52nd Store

Sports Chalet has expanded its presence in Nevada to three stores with the grand opening of a 42,000-square-foot store in Las Vegas. It is the company's 52nd store.

United Chambers Looks Back On 2007 as a Very Good Year

United Chambers Looks Back On 2007 as a Very Good Year

Holiday Shopping Kick-off 'Really Fantastic,' Sales Up

Holiday Shopping Kick-off 'Really Fantastic,' Sales Up

How They Vote Should Matter to You

Gregory Lippe measures the performance of state legislators by their votes.

VALLEY, L.A. COUNTY ECONOWATCH

Charts of Economic Indicators, Real Estate, Tourism...

Donations Increasing in Value

Fundraisers adapt appeals to charity givers

Employees Donating Time, Money to Many Causes

A roundup of the goods and services donated by area businesses.

AROUND THE VALLEYS

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

ENTREPRENEURS - Solid Track Record

Future TrackRunning Center caters to endurance runners.

Teledyne Expands Underwater Product Through Acquisition

A subsidiary of Teledyne Technologies has acquired an underwater electrical interconnection systems based in San Diego.

Big Giver Supports Childrens Charities with Money, Effort

Anna Ott is among the more visible members of the community taking part regularly in supporting charitable causes.

Friday, December 7

Five Million Share Increase in Cheesecake Factory's Share Repurchase Authorization

The Cheesecake Factory Inc. in Calabasas Hills announced that its board of directors has approved a five million share increase in the company's share repurchase authorization

Thursday, December 6

NTS Acquires United States Test Laboratory

Calabasas-based engineering service provider National Technical Systems Inc. has acquired United States Test Laboratory LLC in Wichita, Kan.

U.S. HealthWorks Obtains Inland Industrial Medical Group

U.S. HealthWorks Medical Group, a Valencia-based provider of outpatient occupational health care services, has acquired Inland Industrial Medical Group in Ontario.

Wednesday, December 5

Power-One and Magnetek Go Alternative

Camarillo-based Power-One Inc. and Magnetek Inc. have formed an agreement to promote and distribute commercial and residential solar as well as small wind alternative energy inverters.

Tuesday, December 4

Technicolor Takes Digital Cinema to Singapore

Construction will begin next year on a project between Technicolor Digital Cinema and the Infocomm Development Authority in Singapore on a network operations center.

Disney Adds to Internet Holdings

The Walt Disney Internet Group has acquired a website serving parents and parents-to-be, the company announced.

Indy, Jedi Games Coming to Mobile Devices

Games based on the Indiana Jones and "Star Wars" films are coming to mobile devices following an expansion of the licensing deal between THQ Inc. and Lucasfilm Ltd.

Nestl & #233; Gets Juiced

Nestl & #233; USA and Jamba Juice announced their exclusive licensing agreement to produce and distribute a line of drinks under the Jamba brand name.

Monday, December 3

NBC drama features executive's firm

NBC Universal hired Ben Silverman in June to reverse the fading fortunes of its broadcast network. But the biggest winner so far seems to be the 37-year-old TV producer and the production company, Reveille, he is poised to sell for more than $100 million.

Walter O'Malley elected to Hall of Fame

NASHVILLE -- Walter O'Malley, who pioneered the westward expansion of major league baseball by moving the Dodgers from Brooklyn to Los Angeles 50 years ago, was elected to the Hall of Fame by the veterans committee this morning. The late O'Malley received

Strike puts TV critics press tour in limbo

NEXT month, reporters and TV critics from all over the nation are supposed to converge on the Hilton Universal City to get the skinny on the latest shows. Top talent and executives are scheduled to turn up for press conferences and lavish parties hosted b

Princess Cruises homeports in Santa Clarita

SANTA CLARITA - There's a mini-city within the walls of Santa Clarita's fastest-growing business.

AT & T; getting out of rapidly shrinking pay phone business

SAN ANTONIO -- AT & T; Inc. will exit the rapidly shrinking pay phone business by the end of next year, before it becomes unprofitable, the company said today.

Ceres Funding Switchgrass Research

Ceres Inc. will fund research by South Dakota State University into improving switchgrass, a crop used to create biofuels.

Semtech Completes Share Buy Back Plan

Semtech Corp. completed an accelerated stock repurchase program valued at $169.4 million, the company announced.