Stories for September 2007
Friday, September 28
Ceres Inc. raised $75 million to fund research and product development of biofuel crops.
Layoffs are on the horizon now that a subsidiary of American International Group Inc. has completed its merger with 21st Century Insurance Group.
The Metropolitan Transportation Authority agreed to negotiate with Lowe Enterprises on the development of a 15.6-acre mixed-use project near the North Hollywood Metro Red Line station on Lankershim Boulevard.
Interlink Electronics Inc. CEO E. Michael Thoben will leave the daily operation of the company early in 2008.
Thursday, September 27
A theme park, hotel, and co-financing of feature films are part of a partnership between Warner Bros. Entertainment and two companies in Abu Dhabi.
The Walt Disney Co. will cease its mobile phone service at the end of the year and re-evaluate its place in the competitive mobile phone industry.
Construction has started on the first production plant for Kreido Biofuels Inc.
Tuesday, September 25
North American Scientific Inc. is ineligible for listing on the Nasdaq Global Market for failing to meet minimum requirements, the company announced.
A building formerly used in an auto plant in Panorama City has been turned into an environmentally-friendly furniture store.
Biotech giant Amgen will lay off 8 percent, or 675 workers, at its Thousand Oaks headquarters. About 8,300 people in total work at company headquarters.
iPhotoMeasure received $400,000 in funding for testing and development of its measurement-by-photo software, the company announced.
Monday, September 24
Business owners can learn more about the benefits of the Santa Clarita enterprise zone at an outreach event taking place Sept. 26.
Irvine's Lost Clothing has been revamping under a new president
Capstone Turbine Corp. signed a distribution agreement for the oil and gas sector in Western Canada, the company announced.
Los Angeles County Supervisor Michael D. Antonovich kicked-off the $41 million construction on the I-5/Hasley Canyon Road Interchange improvement project.
Power-One Inc. unveiled its first commercial-grade solar inverters at Solar World 2007, an industry trade show and conference taking place in Long Beach.
Friday, September 21
The City of Santa Clarita's Economic Development Division received three awards for outstanding marketing efforts from the International Economic Development Council (IEDC) Sept. 18.
North American Scientific Inc. has announced financial results for its fiscal third quarter ended July 31. For the third quarter of fiscal 2007, the company reported revenues of approximately $3.4 million, a net loss from continuing operations of approxim
Thursday, September 20
The Disney-ABC Television Group will make available more than a dozen of its new and continuing comedy and drama series online via AOL.
North American Scientific Inc. completed the previously announced sale of its Nomos Radiation Oncology business to privately-held Best Medical International Inc.
Wednesday, September 19
The cities of Burbank, Lancaster, and Palmdale are among the six cities that have been selected as "Most Business-Friendly City" by the Los Angeles County Economic Development Corporation.
Guitar Center announced Wednesday that its merger with Bain Capital Partners, LLC, a global private investment firm, was approved by its stockholders.
Patric Verrone was re-elected as the president of the Writers Guild of America along with other members of the "Writers United" slate.
Tuesday, September 18
Dole Food Co. issued a voluntary recall of its "Dole Hearts Delight" salads after the E. coli bacteria was found in a bag in Canada, the company announced.
The U.S. House Ways & Means Committee approved on Sept. 18 a bill rejecting a user fee from commercial and general aviation to fund the Federal Aviation Administration.
Monday, September 17
Community Advocates for Responsible Expansion at Providence Holy Cross has appealed the Los Angeles City Planning and Zoning Commission's July 26 decision to allow the hospital to build a 101-bed South Addition without an environmental impact report.
Layoffs at Countrywide and Amgen should free up office space.
If disaster were to strike tomorrow, would your business survive? This was the question broached at the Regional Business Preparedness Summit presented by the Valley Industry & Commerce Association on Sept. 11 in Studio City.
Home stagers are decorating homes to help sellers get an edge in a tight housing market.
Valley Fights Whites-Only Image. Column by Martin Cooper, President of Cooper Communications, Inc., marketing and strategic planning.
Energy storage systems manufacturer Pentadyne Power Corp. received $14 million in funding from Loudwater Investment Partners.
Grant Thornton LLP recently named Stephen V. Masterson partner in charge of its Woodland Hills office.
Although facing serious changes in the mortgage industry, LoanToolbox is growing as it continues to help mortgage lenders do their job faster.
Social networking and online broadcasting come together to form a new means of mass communication.
Thinkwell Design & Production in Burbank comes up with ways to add value to its clients' properties by creating branded entertainment experiences.
Recently the city of Los Angeles took the first step in possibly requesting competitive bids to contract out coordination of permits for on-location filming.
IPC The Hospitalist Company in North Hollywood is going public.
Trio-Tech International reported a $3.3 million net income for fiscal 2007 fueled by expansion into Chinese and Southeast Asian markets.
Bank of America announced that it was raising its rate to $3 for non-Bank of America customers withdrawing money from one of its 10,300 branch-location machines.
Santa Clarita city and economic officials look forward to the annual Loose Goose Wine Festival next month.
Gloria Pollack received this year's Fernando Award during a dinner Sept. 7 at the Warner Center Marriott in Woodland Hills.
A recent job fair strived to meet the needs for talent on NASA projects.
A number of employees participating in Countrywide Financials's 401 (k) plan filed Tuesday in Santa Ana a class-action lawsuit
Providence Health & Services is in negotiations with Tenet Healthcare Corp. to buy Encino-Tarzana Regional Medical Center, Encino-Tarzana CEO Dale Surowitz has confirmed.
Santa Clarita offers $175,000 in grants for low- to moderate-income residents in need of various repairs.
Talks are scheduled to resume this week to hammer out a new contract between the major studios and the Writers Guild of America.
Learning Early Lessons of Business. A look at the people, places and things that make our valleys tick.
Producers and filmmakers in the adult entertainment industry are taking more aggressive steps to go after pirates.
Two area hospitals have reached agreements with Service Employees International Union, United Healthcare Workers-West.
The list of employers' reasons to be sued will get even longer, says Richard S. Rosenberg.
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
After six years of service during which he helped transform the North Valley Regional Chamber of Commerce into one of the largest chambers in the area Wayne Adelstein stepped down as president Sept. 14.
Mark Madler finds a Valley company putting to use thousands of deteriorating videotapes.
How do you remain a practical and profitable small business while giving nearly 10 percent of your gross annual revenues to support a variety of charitable organizations? Ask Louis Posen.
Jason Schaff discusses the proposed addition of a new area code to the Valley.
Friday, September 14
Programming showcasing research developments at top universities and institutions will be available on demand following an agreement between TVN Entertainment Corp. and ResearchChannel.
United Online Inc. has appointed Scott Ray as its new chief financial officer effective Oct. 1.
Strong auto sales helped in a modest gain for retail spending in August although the final numbers still fell short of expectations.
Thursday, September 13
Santa Clarita was named among the most business friendly cities in the Los Angeles region by the Los Angeles Economic Development Commission.
A number of employees participating in Countrywide Financials's 401 (k) plan filed Tuesday in Santa Ana a class-action lawsuit, alleging that illegal actions by the company caused thousands to lose millions of dollars during the recent stock collapse, acc
Disney.com drew 23 million unique visitors to the website in August, an all-time traffic record according to Nielsen/NetRatings data, The Walt Disney Co. announced.
Wednesday, September 12
North American Scientific Inc. sold off its radiation oncology business to privately-held Best Medical International Inc., the company announced.
The U.S. economy will spiral down over the coming months but a recession will be narrowly avoided, stated the UCLA Anderson Forecast released Wednesday.
Net income rose by more than 200 percent in the second quarter for engineering and evaluation services firm National Technical Systems Inc.
Tuesday, September 11
Installation takes place this month at the International Conference Centre Geneva of Wi-Fi equipment developed Xirrus Inc.
Monday, September 10
Image Entertainment Inc. made a move toward entering the feature film business by signing an agreement with Odd Lot Entertainment.
Mobile entertainment company Twistbox Entertainment Inc. received $19.5 million in funding to be used to launch new products.
Sunday, September 9
Gloria Pollack was chosen the winner of the 49th Annual Fernando Award Friday night recognizing volunteerism in the Valley.
Friday, September 7
The California Hospital Association Board of Trustees reached an agreement Sept. 6 to support Gov. Schwarzenegger's health care reform proposal.
Qualstar Corp. narrowed its net loss for its just completed 2007 fiscal year when compared with the previous year.
Thursday, September 6
Providence Saint Joseph Medical Center and workers represented in bargaining by SEIU 121 RN and SEIU United Healthcare Workers West have ratified a tentative contract agreement reached by bargaining teams for the medical center and SEIU on Aug. 29.
Warner Bros. Entertainment unveiled its new online site that gathers in one place content featuring all its classic animated characters.
In another sign of the slumping housing market, Countrywide Financial Corp. announced Wednesday that it would cut 900 jobs, including about 380 in California.
Wednesday, September 5
An advertising and marketing executive has been named as the new publisher of the Los Angeles Daily News the fourth person to hold that position in less than a year.
IPC The Hospitalist Company in North Hollywood announced it filed a registration statement with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering of its common stock.
Kreido Biofuels Inc. moved to a new facility in Camarillo to accommodate additional staff and equipment, the company announced.
Tuesday, September 4
AML Communications Inc. received a $2.6 million contract from the Raytheon Co. for amplifier products.
Monday, September 3
School Funding: Where Does the Money Go? Guest Column by Gregory N. Lippe
A high school program allows businesses and schools to work together to build a better workforce.
Local universities and Internet radio facilities offer an eclectic mix of programming.
Planting Seeds of Change in Freeway Landscaping. Guest Column by Rickey M. Gelb
Jill Casagrande: Radio Disney Puts Kids in 'Control'. Corporation's Station Provides Point of Entry
Joe D. Davis: Salem Official Oversees Christian Themes
CenterStaging Rehearsals to be Televised, Monetized. Column by Mark Madler
Ira Rosenblatt discusses a ruling on vertical price-fixing pacts.
Anatomy of a drastic format change at one of the local stations in a bid for higher ratings and higher revenue.
University Village Thousand Oaks, a new retirement community, offers an untraditional financial model.
Luther Burbank Savings, a small Northern California thrift, has entered the competitive Valley-area market.
Macy's has added another location at Northridge Fashion Center.
L.A.'s the hottest radio market in the country, and it's competitive and fragmented.
Program Helps Companies Donate Old Computers. Low-Income Families Get Refurbished Equipment
U.S. Rep. Howard Berman: Watchdog on Royalty Rates. Congressman Oversees Radio Industry Rules
The head of the Santa Clarita Valley Chamber of Commerce has been appointed by Gov. Arnold Schwarzenegger to the state's economic strategy panel.
Westlake Village-based Jafra Cosmetics International Inc. has a new president and CEO who is going to focus more on the homefront.
The rate of rent increases in the San Fernando Valley has slowed.
Starpups Depot in Stevenson Ranch Caters to People Whose Canines Are Like Their Kids
Several local venues offer places for companies to hold team-building events.
Those people guarding the local economy are taking the problems at Amgen and Countrywide Financial in stride.
As the presidential race heats up, all is relatively quiet on the issue of repeal or elimination of the estate tax...
There's a difference of opinion as to whether traditional radio still drives consumption of music in the U.S.
Recent Events Are Telling for Employment Base. Editorial by Jason Schaff
Martin Perlich: Interviewer Has Handle on Medium. KCSN Producer Known As Expert in Industry
A look at some of the people, based in the Valley, who drive L.A. radio.