Stories for October 2007
Wednesday, October 31
U.S. HealthWorks Medical Group acquired Trinity Occupational Health in Turlock.
The international box office receipts for "Shrek the Third" helped drive profits to $47 million for the third quarter for DreamWorks Animation SKG Inc.
Representatives of the Writers Guild of America and the major studios met with a federal mediator in negotiations over a new contract.
Tuesday, October 30
Monday, October 29
With automotive technicians approaching retirement age and opportunities for automotive training drying up in the Valley, area insiders in the field are concerned about the industry's future here.
Gov. Arnold Schwarzenegger has directed the Employment Development Department to extend payroll tax deadlines by up to 60 days for small businesses hit hardest by the wildfires.
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
In the hills above Calabasas, Joel Goodman and Dan Stein play their part in shedding the old image of production music as cheap and throwaway.
Jason Schaff says the Sun Valley redevelopment plan can be a model for the entire Valley.
The hybrid vehicle industry continues to grow rapidly.
The fourth publisher of the Daily News in a year, Douglas Hanes vows commitment to the Valley community as well as a focus on growing the newspaper's online and niche publication products.
A recently released plan attempts to lay out a strategy for redeveloping Sun Valley.
Wells Fargo Bank will accept donations for the American Red Cross at its ATMs throughout Southern California.
QPC Lasers Inc. was awarded a $750,000 contract for high power fiber laser pump engines for a major U.S. defense customer.
Marty Cooper discusses the underlying problems with sub-prime loans.
Vitesse Semiconductor Corp. completed the $63 million sale of a portion of its storage products business.
Mark Madler writes about Warner Bros.' celebration of 80 years of sound in movies.
The AltCar Expo brings transportation options to local residents.
What's the future for Valley strip malls?
Burbank finds itself at the center of a large-scale test of alternative fuel cross-over sport utility vehicles
Ira Lapides got his start at Replacement Parts Industries (RPI) when he was a boy, folding and stuffing envelopes for just 1 cent per parcel. Today, he is president and CEO of the company.
California automakers expected to rebound from a sales slump.
The I-5 tunnel tragedy and Santa Clarita wildfires bring trouble for businesses.
Attitude is the No. 1 thing hiring managers are looking for.
Giving Each Person a Role Important in Teambuilding
Friday, October 26
A groundbreaking ceremony was held for Providence Saint Joseph Medical Center's Roy and Patricia Disney Cancer Center Oct 25.
Overall on-location filming dropped 6.5 percent in Los Angeles for the third quarter.
The downturn in the lending industry has led Countrywide Financial to post its first quarterly loss in 25 years.
Thursday, October 25
Net income increased slightly for Internet and media services provider United Online Inc. in the third quarter.
The closure of domestic and overseas plants contributed to a net loss for Power-One Inc. in the third quarter.
Teledyne Technologies Inc. saw a drop in sales for aircraft engines and commercial and government purchases of its hydrogen generators for the third quarter.
Net income dropped 76 percent in the third quarter for Ixia when compared with the previous year.
The Walt Disney Co. pledged $2 million in aid toward relief efforts for victims of the recent wildfires in Southern California.
Wednesday, October 24
With wildfires canceling American Red Cross blood drives throughout Southern California, donors are being sought in Los Angeles and Orange counties.
Write offs related to restructuring and the acquisition of two pharmaceutical companies led net income to plummet by 82 percent for bio-tech giant Amgen.
DIC Entertainment alleged in a federal lawsuit that its Trollz doll brand has been harmed by illegal knockoffs.
Matadors Community Credit Union is offering a low-rate, no-fee Fire Relief Loan to victims of recent fires.
Tuesday, October 23
Democrats introduced on Monday a bill that would tighten mortgage lending standards to help avoid the mortgage meltdown of foreclosures and defaults that have swept the housing market.
Image Entertainment Inc. shareholders approved an agreement resulting in a buy out by a private investment firm.
Business was returning to normal in some areas of the Santa Clarita Valley following two days of wildfires in the hillsides and canyons surrounding the city.
A hearing has been scheduled in November for the appeal by North American Scientific Inc. on its delisting from The Nasdaq Stock Market.
A jury in the U.S. Federal District Court in Boston has ruled that Roche's anti-anemia drug MIRCERA infringes 11 Amgen patent claims.
Monday, October 22
Wells Fargo customers can access account information via mobile devices through a new service announced Monday.
Poorly selling racing games led THQ Inc. to restate revenues for the second quarter and for its full fiscal year.
Woodland Hills-based Zenith National Insurance Corp. reported net income for the third quarter of 2007 of $64.5 million, or $1.73 per share, compared to net income for the third quarter of 2006 of $72.2 million, or $1.94 per share.
Roads were closed, homes evacuated and classes cancelled in the Santa Clarita and San Fernando Valley areas due to out-of-control brush fires fed by strong winds.
The Dow Jones industrials were down more than 4 percent from Oct. 9, when it posted a record high, the Los Angeles Times reported Monday.
Salem Communications Corp. acquired Miami radio station WTPS-AM in a deal worth $12.25 million.
Friday, October 19
Construction of new homes fell in September by a greater margin than predicted, the Associated Press reported Thursday.
Health Net Inc. was ranked as among having the best clinical care in an annual government report.
Unemployed workers at their highest last week since early February, the Associated Press reported.
Portions of the San Fernando Valley face a disruption in garbage collection following a walkout by employees of Waste Management.
Bank of America Corp.'s poor third quarter surprised Wall Street, resulting in Chief Executive Kenneth Lewis to imply that the company may leave investment banking.
Thursday, October 18
The Los Angeles County Board of Supervisors unanimously backed the expansion of Providence Holy Cross Medical Center.
Wednesday, October 17
Attractions based on "The Little Mermaid" and "Cars" will be part of a multi-million dollar expansion at Disney's California Adventure, The Walt Disney Co. announced.
Tuesday, October 16
Thousand Oaks-based Baja Fresh Mexican Grill announced Oct. 16 that it has begun a local radio campaign on KIIS FM.
Budget air carrier Skybus Airlines cut one of its two daily non-stop flights between Bob Hope Airport in Burbank and Columbus, Ohio.
Ken Hitts is stepping down as director of Economic and Business Development at the Economic Alliance of the San Fernando Valley to be the economic development manager for the City of Glendale.
Occupied office space in the Valley and Ventura County shrank by 328,700 square feet during the third quarter, according to a study by Colliers International, largely due to vacancies brought about by shuttered mortgage finance companies.
Negotiations between the major studios and the Writers Guild of America took an upturn Tuesday after the studios withdrew a proposal to pay residuals only after recouping their costs of production.
Weak lead generation led ValueClick Inc. to report preliminary third quarter revenue falls short of its guidance range.
Monday, October 15
THQ Inc. previews its new holiday game offerings at the E For All video game show taking place at the Los Angeles Convention Center.
Pepperdine University offers an MBA program in the Antelope Valley.
A new study finds much opportunity along the I-5 corridor from Burbank-Glendale to Highway 126 in Santa Clarita Valley.
Tarzana-based DigiContractor Inc. finds itself in an advantageous situation with its new construction product.
Reseda store owner runs a one-man printing shop that's experienced steady growth for 10 years
Stock activity for 50 selected greater San Fernando Valley-based public companies.
Reporter Mark Madler writes about Panavision's debut of new high-tech camera equipment.
Full EIR for Hospital May Cost Lives. Commentary by Kerry Carmody, an administrator at Providence Holy Cross Medical Center.
Oct. 25 event will focus on helping veterans get jobs.
The exit of NBC from Burbank is expected to change the look and feel of one part of that city.
The private aviation industry remains cloudy over the funding method for the Federal Aviation Administration.
1105 Media Inc. acquired Federal Employees News Digest Inc., owner of two print publications and websites.
Senior Reporter Mark Barna discusses the blame going around in the mortgage mess.
A standing city council committee will focus on business interests.
A Woodland Hills company becomes biodiesel source for Hollywood.
Three large investment banks, all of which are active in the Valley, announced Monday that they would create a large fund to serve as a buyer of debt that includes bonds in an effort to help SIVs, or structured investment vehicles, sell securities, the Ne
Advanced Photonix closing Wisconsin plant and moving jobs to Camarillo.
You Don't Have to Know All the Details to Enjoy Wine
Automatically enrolling eligible employees in a retirement program is catching on and resulting in more people saving early
The hospitality industry is paying closer attention to how it can "green" up its properties.
Taking another ride through NoHo. Commentary by Jason Schaff, Editor of the Business Journal
Big Bucks From Little Images Retail Apparel May Be Next
This is a regular feature on philanthropic activities by Valley-area businesspeople and companies.
Companies being audited this year can expect an increase in accounting fees due to new regulations.
Friday, October 12
IPC The Hospitalist Company Inc. announced Oct. 11 that it would implement a new program at Lakewood Ranch Medical Center in Bradenton, Fla.
A former rocket testing site in the Santa Monica Mountains has been donated to the state for undeveloped open space.
Vitesse Semiconductor Corp. has settled all legal claims connected to allegations of stock option backdating, the company announced.
Thursday, October 11
Countrywide Financial Corp. cut nearly 5,000 jobs in September, and funded 44.3 percent fewer mortgage loans, the company told Reuters on Thursday.
IHOP Corp. announced its system-wide same-store sales increased 2 percent for the third quarter ended Sept. 30. For the first nine months of fiscal 2007, system-wide same-store sales increased by 1.8 percent.
About 400 people attended Valley Community Clinic's "Laughter is the Best Medicine" fund-raising event Oct. 10 at the Sheraton Universal to honor two people who are advocates for access to health care Vince Liuzzi, regional president San Fernando Valley
Wednesday, October 10
Negotiations continued this week between the Writers Guild of America and Hollywood producers although both sides were not close to reaching agreement on a new contract.
Home values will continue to fall in 2008 for the first time since 1996, according to a forecast released Wednesday by the California Association of Realtors.
Barry Wolfman will be the new hospital executive of Providence St. Joseph Medical Center in Burbank, beginning Jan. 1.
Guitar Center Inc. announced Wednesday the completion of its merger with affiliates of Bain Capital Partners, a private investment firm.
Tuesday, October 9
U.S. imports have dropped 1.4 percent in what analysts say is another sign of economic problems, the Los Angeles Times reported. The downturn is being viewed as a poor harbinger for retail as the holiday season approaches.
NBC Universal will sell a Spanish language television station in Burbank to help fund its purchase of Oxygen Media, a cable TV network with programming geared toward women.
California Insurance Commissioner Steve Poizner and the California Land Title Association will announce TitleWizard, a first-in-the-nation searchable website that will enable consumers to review title insurance rates from nearly 100 companies when buying,
Search engine marketing firm ReachLocal Inc. received $55.2 million funding for the expansion of its digital advertising and marketing operations.
Joyce Sipes has been named interim President and CEO of North Valley Regional Chamber of Commerce.
Monday, October 8
Dole Food Company started a phase out of using paraquat in its agricultural operations worldwide beginning with its pineapple operations.
The private aviation industry remains cloudy over the funding method for the Federal Aviation Administration.
Unemployment rose in September 4.7 percent, the highest in more than a year, the U.S. Labor Department reported.
U.S. Senator Dianne Feinstein (D-Calif.) will deliver a "Washington Report" speech at the Santa Clarita Regional Chamber of Commerce Luncheon at noon on Oct. 9 at the Hyatt at Valencia Town Center.
Friday, October 5
Cherokee Inc. signed a deal to distribute its clothing, footwear and accessories in Brazil through the Extra retail chain.
Corwin Press has acquired 30 special education publications from Peytral Publications, the company announced.
Thursday, October 4
1105 Media acquired Education Plaza, a web-based service assisting elementary through high school administrators with their purchasing decisions.
Countrywide Financial Corp. must submit confidential information about its stock-granting practices to a police-pension fund that says the mortgage company gave stock rights to executives at "unusually suspicious and lucrative times," the Los Angeles Time
Baja Fresh Mexican Grill will roll out smaller versions of its two branded chains as part of expansion efforts in six states as well as internationally.
Warner Home Video struck a deal with the owners of the popular "Peanuts" comic strip characters to distribute classic television specials and new direct to video programs.
Wednesday, October 3
Morgan Stanley is cutting 600 jobs and downsizing its mortgage business in the wake of the credit crunch, the Associated Press reported Wednesday.
A European distributor has ordered $3.8 million in microturbine systems from Capstone Turbine Corp. for use in biogas applications.
Tuesday, October 2
In the wake of the mortgage loan crisis, Washington Mutual Inc. is requiring its brokers to disclose lending terms, Bloomberg News reported Tuesday.
Tensions eased on Wall Street early this week as investors' trading was brisk due to the belief that the worst of the financial crises had passed.
The future looks bleak for home sales, according to a report from the National Association of Realtors released Tuesday.
The Writers Guild of America asked its members for authorization to strike, Daily Variety reported on Tuesday.
Glendale-based restaurant chain IHOP announced that it will eliminate the use of frying oil with trans fats by Dec. 31.
Valley residents opposing an expansion at Providence Holy Cross urged Los Angeles City Council members to reject the Planning Commission's decision to allow the hospital's $146 million project to proceed without an environmental impact report.
The Los Angeles Unified School District contracted with the NTI Group Inc. to provide emergency notification to parents through e-mail, text messages and voice messages, the company announced.
Monday, October 1
Grubb & Ellis is closing its Sherman Oaks office but is opening two other Valley offices.
Leases, By-Laws and Liability, Your Legal Questions Answered. Column by Ira Rosen
Meet five people who made mid- and late-life career changes and survived to tell the tale.
It's becoming increasingly common for medical practices to offer patients lines of credit to pay for medical work that insurance doesn't cover and to people who simply don't have insurance.
L.A. Building & Safety GM spoke to the Valley Economic Alliance group.
An area realtor and lender both say the time is ripe for prime-loan-worthy borrowers to buy.
Woodland Hills business-to-business provider of Internet Protocol television is expanding into the healthcare and cruise markets.
Home sales nationwide were down 28 percent in August from a year ago, the California Association of Realtors reported last week.
Learn about the latest Chambers of Commerce news and events.
The Encino Chamber has recently hired a new chief executive officer, Diana Donovan.
An East Coast-based aviation company has acquired an aircraft charter and management company based at Van Nuys Airport.
Film Tax Break Petition Puts Canada Back in the Spotlight
Senior Reporter Mark Barna finds the silver lining in the credit crunch.
QPC Lasers in Sylmar is taking technology developed for military and industrial applications and commercializing it for medical use.
Although there are festivals scheduled for October by area chambers, many other events are scheduled.
Eco-Conscious Environmental Home Improvement Turns Drafty, Moldy Homes Into Energy-Efficient, Allergen-Free Oases
When it comes to common sense on the part of our municipal leaders, the lights are on, but no one's at home.
Reporter Mark Madler reports on Valley aviation activities.
Stephen Siegel's real estate development firm is one of the fastest growing companies in the United States
Deciding whether to change careers requires some introspection and investigation.
The Valley Industry & Commerce Association board of directors came out in opposition to a term-limits initiative slated for the February 2008 ballot and to generally oppose such term-limits extension proposals, especially those that do not include a redi
Chamber Members to Gather For UCC Mayor's Event Oct. 1
Coverage of the monthly CSUN Family Business seminar.
Dismissal of Royalties Fraud Case Against Disney Upheld
Companies actively recruit older workers, capitalizing on their experience and work ethic.
Three Valley nonprofit medical clinics lose $2 million due to governor's line-item veto.
Today we are in a buyer's market & #65533;the inventory of homes is high. Column by Mel Wilson
In a continuation of the woes of mortgage-lender Countrywide Financial Corp., company CEO Angelo Mozilo has raised questions about his cashing stock options at a time when the company was beginning a financial collapse as myriad subprime borrowers default