Stories for November 2007

Friday, November 30

Champion Steps Down as Youbet Chief

Youbet.com Inc. Chairman and CEO Charles Champion will leave the online horse wagering firm in December.

NBC Cuts "Tonight Show" Staffers

Non-writing staffers of "The Tonight Show with Jay Leno" were laid off Nov. 30, casualties of the four-week scriptwriters strike.

Thursday, November 29

Crown Media and Comcast Sign Hallmark Deal

Crown Media Holdings Inc. signed a multi-year deal to continue broadcasting its two Hallmark branded channels through Comcast.

Valley Business People Take Flight

Four San Fernando Valley business people were aboard a demonstration flight of the new Airbus 380, the largest passenger jet in the world.

IHOP Completes Acquisition of Applebee's

IHOP Corp. completed its acquisition of Applebee's International Inc., resulting in the largest full service restaurant company in the world.

Disney Eyes More Online Investment

The Walt Disney Co. will invest more in online games and virtual worlds following the success of sites with themes based on Disney Fairies and "Pirates of the Caribbean."

Wednesday, November 28

1105 Targets 'Virtualization' Market

A new magazine, website and newsletter focusing on the growing virtualization market will be launched by 1105 Media Inc.

Details Given of Classmates Stock Offering

An estimated $117 million is expected to be raised in the initial stock offering for Classmates.com, the social networking site being spun off by United Online Inc.

Advanced Recovery Receives Trademark

Advanced Recovery Rehabilitation Center in Sherman Oaks has been awarded a trademark for its treatment protocol for aphasia, a language problem linked to stroke and head injuries.

Tuesday, November 27

Semtech Ups Profits in Q3

Demand for its semiconductors in computing, industrial and handheld equipment helped Semtech Corp. to a $10 million increase in its net income for the third quarter when compared with last year.

Technicolor Digital on 300 New Screens

Three more theater chains signed on to install digital cinema equipment from Technicolor as part of the company's North American roll out.

Writers Strike Talks Blacked Out

Little progress was reported as negotiations resumed between striking scriptwriters and the major studios.

Monday, November 26

Differences Abound in Ratings of Hospital Services

Differences abound in ratings of hospital services

Retirement Benefits Important for Family Businesses

CSUN panel discusses health benefits.

Building for the Future

Valley facilities look forward to meet predicted needs

Supporters Claim Fear of NBC Project Premature

Supporters claim fear of NBC project premature. Developer says it's sensitive to traffic issues.

Holiday Wine Gifting Tips from Goose

Gifts of grape can meet many needs for both the giver and receiver.

Surgery Centers Dot Valley

Valley-Area facilities offer wide range of medical services in smaller setting

Realtors Are Going Green to Move Ahead in Market

Being a "green" real estate broker is more than trendy hype; it's learning to make homes more energy efficient and healthier.

Valley College President Wieder To Leave Post

Valley College President Wieder to leave post

Home Sales and Mortgage Rates are At Historic Lows, So Is it Time to Buy?

Home Sales and Mortgage Rates are At Historic Lows, So Is it Time to Buy?

Talks Resume Between Writers, Studios

Scriptwriters and the major studios were scheduled to return to the bargaining table Nov. 26 to discuss a new contract to settle a three-week old 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

Assistance Funding Ends

CRA - Panorama City Business Assistance Program will lose its funding from the Community Redevelopment Agency at the end of the month.

Loose Goose Launches a New Type of Wine Society

Loose Goose launches a new type of wine society

Hitting All the Right Notes

SmartSound software allows users to customize audio tracks to meet their music scoring needs.

VICA's "Ask Mitt" Event Gives Insight Into Candidate

Presidential contender Mitt Romney addressed VICA in Burbank.

Aviation Advocate Cesar Was Beacon for Area Students

The death of Barbara Cesar, the co-founder and chief executive of Syncro Aircraft Interiors, forced her admirers to contemplate her legacy.

Santa Clarita Opposes Las Lomas Project

Santa Clarita Opposes Las Lomas Project

Mortuary Makeover: Boys & Girls Club in the Spotlight

The Canoga Park Boys and Girls Club space has been raised from a mortuary, with the help of HGTV and Rebuilding Together.

The Professor Tells It Like It Is

Martin Cooper reports on CSUN Economics Department Chair Shirley Svorny characterizing L.A.'s business strategies as ill-conceived.

Regulations of Medispas Can Seem Unclear

Regulations of Medispas can seem unclear

How Wide Is Health Care Gap Despite Change?

How wide is the Healthcare gap despite change?

Businesses Receive Free Consulting From MBAs

Businesses Receive Free Consulting From MBAs

Cars, Stars Debut Dealership

Stars and spectacle herald the opening of a new Lamborghini dealership in Calabasas.

AROUND THE VALLEYS

Valley facilities look forward to meet predicted needs

Ixia Executive Shuffle Seen as Positive Development

Calabasas-based Internet protocol test equipment maker Ixia has undergone a number of changes at the top

Taking a Sneak Peek Into Anti-Piracy Technology

Taking a Sneak Peek Into Anti-Piracy Technology.

Where's the Beef? In Woodland Hills, Of Course

Where's the Beef? In Woodland Hills, Of Course

Woodland Hills Apartments Skewing Vacancy Figures

Valley apartment vacancies averaged 4.1 percent in the third quarter of 2007.

LAUSD Superintendent Survives VICA Engagement

LAUSD Superintendent Survives VICA Engagement

Net Income Doubled for Simulations Plus Inc. of Lancaster

Increased spending in research and development in the pharmaceutical industry led to a doubling in net income for Lancaster-based Simulations Plus Inc. for the 2007 fiscal year.

Indian Firm Buys Natrol for $80 Million

Indian Firm Buys Natrol for $80 Million

Local News Anniversary, Green Coverage on the Rise

Local News Anniversary, green coverage on the rise. Valley Voice survives Year 1 despite ad reductions

Boosting Technology

Installation of cutting edge equipment accompanies facilities' expansion

Michigan Firm To Provide Star Service at Van Nuys

Michigan Firm To Provide Star Service at Van Nuys

Turning to the Business of Looking Good

A boom in the so-called medispa industry has spawned hundreds of clinics.

Technology Spurs Rise in Ambulatory Centers

Independent surgery centers and hospitals compete and cooperate.

Auto Techs Start Training in High School

West Valley Occupational Center aims to train more automotive technicians to counter the trend of dwindling training programs.

Strike Continues, Pressure on Businesses Mounts

The writers strike has begun to make those in ancillary businesses nervous.

Horizons Widen at Woodbury

After 11 years at Woodbury University, President Kenneth Nielsen has signed on for five more.

VALLEY, L.A. COUNTY ECONOWATCH

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

Next Generation to Fix Air Transportation System

Next Generation to Fix Air Transportation System

Health Net Fined $1 Million by State

Health Net Fined $1 Million by State

No Such Thing as a Typical Customer

No such thing as a typical customer

Wednesday, November 21

Strike Cost: $21 Million A Day

The ongoing scriptwriters strike could cost the Los Angeles economy upward of $21 million if it continues into next month, the Los Angeles Times reported Wednesday.

Tuesday, November 20

Indian Firm Buys Natrol for $80 Million

Plethico Pharmaceuticals Limited of India has acquired Natrol, Inc., the Chatsworth-based manufacturer and marketer nutritional products in a deal worth $80.8 million.

Monday, November 19

Fog Clearing at Bob Hope Airport

An American Airlines flight to Dallas-Fort Worth departed this morning from Bob Hope Airport in Burbank, the first departure in 12 hours after heavy fog closed the airfield.

CBS News Writers OK Strike

News writers for CBS gave approval to strike after working more than 2 & #733; years without a contract.

CHAD Therapeutics Selling Oxygen Conserver Business

CHAD Therapeutics Inc. will sell off its oxygen conserver business to Inovo Inc., a privately held manufacturer based in Florida in a deal worth $5.25 million.

On Assignment Subsidiary Expands in Midwest

A subsidiary of On Assignment Inc. opened an office in Cincinnati to serve the high-tech industry, the company announced.

Friday, November 16

Easton-Bell Profits Up in Q3

A cut in expenses contributed to Easton-Bell Sports Inc. posting an 83 percent increase in net profits for the third quarter when compared with the previous year.

Gibson Goes Mobile with GoTV

GoTV Networks and Gibson Guitars will produce a series featuring musical artists and performances for distribution on mobile devices.

Jury Rules for Power-One in Patent Case

A federal jury ruled that a competitor infringed on the patents held by power conversion product manufacturer Power-One Inc.

Health Net of California Fined $1 Million

The California Department of Managed Health Care levied a $1 million fine against Health Net of California for not appropriately disclosing certain compensation-related information to the state.

Thursday, November 15

Site of Fiery Pileup on I-5 to Reopen

More than a month after being closed following a 31-vehicle pile-up, the southbound Interstate 5 Newhall Pass truck lanes and tunnel re-opened on Nov. 15.

Wednesday, November 14

Sell off Contributes to Interlink Profits

The sale of two of its business segments contributed to Interlink Electronics Inc. posting a net profit for the third quarter.

Trio-Tech Posts Net Income

Strong demand for semiconductor testing services contributed to Trio-Tech International posting a net income for the first quarter of fiscal 2008.

Net Income Declines for Unico American

Insurance holding company Unico American Corp. announced net income of $1.5 million, or $0.27 per diluted share, on revenues of $10.9 million for the quarter ending Sept. 30.

"Monsters," "Shrek" Coming in IMAX 3D

IMAX Corp. will release three DreamWorks Animation SKG films in 3-D in the company's first multi-picture deal with a Hollywood studio.

Santa Clarita Opposes Las Lomas Project

The Santa Clarita City Council voted unanimously Nov. 13 to oppose the proposed Las Lomas mega-development, citing traffic, environmental and public safety concerns to neighborhoods in Santa Clarita and beyond.

Developer Wins Additional $15 Million in Ruling

A Los Angeles County Superior Court jury added $15 million in punitive damages to the $74.23 million it awarded earlier to Caruso Affiliated Holdings LLC in its lawsuit against the owners of Glendale Galleria for interfering with lease negotiations that C

Tuesday, November 13

Writers Strike Enters Second Week

As television and film scriptwriters continued their pickets outside the major Hollywood studios, Gov. Arnold Schwarzenegger met with officials from the Writers Guild of America.

Image Posts $3.7 Million Loss

Lower sales from audio products and expenses related to its acquisition by a private investment firm contributed to Image Entertainment Inc. posting a net loss for the second quarter.

Monday, November 12

Consistency, Client Loyalty Give NEA Electronics Stellar Growth

Consistency, Client Loyalty Give NEA Electronics Stellar Growth

Avoiding Interview Pitfalls Could Prevent Lawsuits

Avoiding interview pitfalls could prevent lawsuits. Questions About Age, Religion, Origin Are Risky

'Traditional' Keeps Valley Economy in Tune

Jason Schaff presents his view of the Fastest Growing Companies.

Around the Valleys

International Festival Focuses on Students

United Chambers Partners With Others for Businesses

A passionate pitch for membership.

Landlords Won't Budge On Rates Despite Vacancies

Commercial office still looks good. Landlords Won't Budge On Rates Despite Vacancies

QPC Narrows Loss in Q3

QPC Lasers Inc. narrowed its net loss for the third quarter when compared with the same period a year ago.

Baja Fresh Expanding With Smaller Restaurants

The president of Baja Fresh answers the Business Journal's questions about expansion plans and what it's been like since Wendy's sold the chain a year ago.

Bikes With a Buzz

Currie Technologies prepares to launch a new high-end, high-tech line of pedal-assist vehicles.

Tech Dominates List of Top Firms

The technology industry has the most number of companies in the Business Journal list of fastest growing firms

L.A. Valley College Honors Chevron for Campus Work

Chevron Energy Solutions is honored by L.A. Valley College for its contributions to energy efficiency at the school.

Last Year's No. 1 Company Cautious in Current Climate

The troubled real estate climate had an effect on some of last year's members of the Fastest Growing Private Companies list.

Mixed Economic Forecast At Santa Clarita Conference

There's mixed reports concerning the state of the Santa Clarita Valley-area economy.

Transportation Focus of Conference

Transportation Focus of Conference

Honing Loan Officers into Sharpest Tools in the Box

Honing Loan Officers into Sharpest Tools in the Box

NEWSMAKERS

Valley Businesspeople in the news, on the move...

Environmental Regulations Feed Allied's Growth

Environmental Regulations Feed Allied's Growth

Financial Consulting Company Put Selectivity into Plans for Expansion

Financial Consulting Company Put Selectivity into Plans for Expansion

Businesses in a Crescendo Pattern

L.A.'s dominance in the music industry is evident by tracking the greater Valley's fast firms.

Planning Aids Growing Pains

How can companies keep from growing too fast?

Customized Services for Clients Has Onestop Go

Customized Services for Clients Has Onestop Go

Chamber Briefs

Winnetka Event Cut Short But Mission Continues; Calabasas Gets SCORE Nod

It's Not Your Grandfather's 3-D Movie, TV

Investors put money behind getting 3D films in theaters while the major Hollywood studios ready projects for release and get others in the pipeline.

Lancaster Gets Award as Business Friendly City

Lancaster Gets Award as Business Friendly City

50 FASTEST GROWING COMPANIES

1. Capital Network Leasing Corp., - Sherman Oaks 125.9%

Fastest Growth By Revenue Category

The fastest growing firms are sorted by revenue categories.

Barbara Cesar of Syncro Aircraft Dies

Barbara Cesar, the owner of an aircraft aviation interior company who shared her passion for the industry with a younger generation, died Saturday.

CapNet Grows by Linking Businesses with Funds

CapNet Grows by Linking Businesses with Funds. Fastest Growing Company Overall

Collection Agency Gives It That Ol' College Try

Collection Agency Gives It That Ol' College Try

Human Side of Writers Strike

Staff Reporter Mark R. Madler spends time with local writers on the picket lines in Burbank.

CSUN Volunteers Celebrated for Contributions

CSUN Volunteers Celebrated for Contributions

Hotels Want Their NxTV; Early Entry Spawns Gains

Hotels Want Their NxTV; Early Entry Spawns Gains

I-5 Corridor Economic Development Discussed

The portion of the Interstate-5 Corridor that stretches along the Valley is home to a wealth of untapped economic opportunity, according to a report about the region that was released at a summit.

General Flexibility Allows Contractor Towering Gain

General Flexibility Allows Contractor Towering Gain

Real Estate Developer Grows in Flips and Bounds

Real Estate Developer Grows in Flips and Bounds

Don't Be An Ostrich: Managing Employee Digital Misbehavior

Information management specialists from insync present tips on safeguarding your businesses' critical digital assets.

DIC to License Beginner's Bible

DIC Entertainment of Burbank has been selected as worldwide licensing agent for The Beginner's Bible merchandise and interactive content.

VALLEY, L.A. COUNTY ECONOWATCH

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

New Phone Tax vs Accountability

PHONE TAX. City Council scare tactics and emergency declaration don't sit well with guest columnist Greg Lippe.

Saturday, November 10

CapNet Grows by Linking Businesses with Funds

CapNet Grows by Linking Businesses with Funds. Fastest Growing Company Overall

Thursday, November 8

Disney Profit Increases 12 Percent

Higher attendance at its theme parks and sales of "High School Musical" and "Cars" merchandising contributed to The Walt Disney Co. reporting $877 million in net profit for the fourth quarter.

Council Backing Hospital Expansion

Providence Holy Cross Medical Center in Mission Hills won tentative approval from Los Angeles City Council last night to move forward with its proposed expansion project without completing a full environmental study.

Warner Group Acquires Video Game Maker

Warner Home Entertainment Group agreed to acquire the England-based maker of the popular Lego Star Wars videogames, it was announced.

Wednesday, November 7

Warner Strikes DVD Deal in China

Warner will team with other studios in venture.

Lancaster Awarded 'Most Business Friendly City'

The City of Lancaster was named the "Most Business Friendly City" at the Los Angeles County Economic Development Corporation's 12th annual Eddy Awards Nov. 6.

Writers Strike Hits Third Day

As the television and film writers enter a third day of picketing, a number of major Hollywood studios prepare to sever ties with television production companies.

Tuesday, November 6

U.S. HealthWorks Moves to Valencia

U.S. HealthWorks has opened of its new headquarters and a billing facility in Valencia.

Contract Awarded for Decontamination System

Teledyne Technologies Inc. received a $14.7 million contract to develop a system to decontaminate military equipment exposed to toxic chemicals.

Jury Sides With Workers in Chemical Case

A Los Angeles jury awarded $2.5 million in damages to six people harmed by the use of a pesticide on banana farms by Dole Food Co. Inc.

Monday, November 5

Writers Picketing Studios

Pickets were expected to appear outside studios in Burbank, Studio City and Universal City as members of the Writers Guild of America went on strike.

Defense Orders Bring Profit to AML

Orders for amplifiers uses in multi-year defense contracts helped AML Communications Inc. to post a profit for its second quarter.

Friday, November 2

Flat Profits for ValueClick

Weak lead generation contributed to ValueClick Inc. posting the same net income for the third quarter as it had a year ago.

Black Monday for Hollywood

The Writers Guild of America has set Monday morning to start a strike against the major Hollywood studios.

Superior Narrows Loss in Q3

Superior Industries International Inc. narrowed its net loss in a quarter when wheel shipments increased 20 percent.

Lawsuits Unhealthy for Health Net Profits

Expenses related to three class action lawsuits contributed to Health Net Inc. posting a net loss for the third quarter.

THQ Reports Net Loss in Q2

Poor games sales ate into the revenue and profits of video game publisher THQ Inc.

Thursday, November 1

Writers Meet to Decide Next Step

The membership of the Writers Guild of America meets Thursday night to decide their next move after talks with the major studios failed to produce a new contract.

Sensor Firm Extends China Link

Electronic Sensor Technology extended its contract with a Chinese company to distribute its odor detection equipment in that country.