Stories for July 2008
Thursday, July 31
PALMDALE - Water officials from Sacramento touted a $9.3 billion bond proposed by Gov. Arnold Schwarzenegger and U.S. Sen. Dianne Feinstein as a fix to the California water crisis.
PALMDALE - Prospects for getting ballot language changed that would aim a high-speed commuting train through the Antelope Valley are in jeopardy of going off the rails in Sacramento, with two area legislators saying the project is ill-timed for the Novemb
Council takes a few more steps to solidify ordinance, but the reviewing stage continues.
HealthSouth Corp., a provider of inpatient rehabilitative healthcare services, will expand the availability of products by Bioness Inc. in Valencia to 88 hospitals nationwide.
The department-store chain's bankruptcy filing and possible closures may increase pressure on rents.
The sluggish economy contributed to online marketer ValueClick Inc. posting a 6 percent drop in net income for the second quarter when compared to a year ago.
Wednesday, July 30
Websites will court fans of such activities as surfing, skateboarding, motocross and snowboarding -- sports that don't get carried on mainstream television.
Revenues were up at The Walt Disney Co. theme parks and consumer products division but down in feature films for the third quarter.
NEW YORK , Americans see a slice of sunlight for the economy, as a widely watched report Tuesday showed people are not as pessimistic about the future as they were a month ago.
H2Scan Corp. will move into full production mode of hydrogen sensor systems following a $4 million investment from numerous venture capital firms.
The Macy's store in the Westfield Topanga shopping center re-opened Wednesday morning after sustaining water damage from the previous day's earthquake.
Video game publisher THQ Inc. continued its financial struggles into the first quarter by widening its net loss compared to the previous year.
Cushman & Wakefield will seek buyers for the former Times Mirror Square, and Eastdil Secured will try to sell Tribune Tower in Chicago.
Net income for DreamWorks Animation SKG Inc. dropped by 55 percent in the second quarter when compared with the same period from a year ago.
Downtown business improvement district stores have had retail sales, property values rise by a combined 70%.
Tuesday, July 29
Strong sales in network equipment and optical components contributed to $147.6 million in revenue in the second quarter for MRV Communications Inc.
A residential building boom is exploding near Northridge Fashion Square, where the construction of nearly 2,000 apartments and condos is expected to worsen traffic congestion and result in the demolition of a venerable Kmart store.
Nexsan Corp. expanded its reach into the healthcare industry by signing a marketing agreement with Agfa Healthcare.
At an airfield in the Mojave Desert, Branson rolls out the Burt Rutan-designed launch vehicle that is supposed to help take paying passengers into space.
A 5.4 earthquake centered near Chino Hills struck Southern California resulting in minor damage.
Monday, July 28
Providing product for new weapons systems and signing new customers contributed to AML Communications reporting positive income for the first quarter.
Automotive software developer 5Square expects to remain in Westlake Village following its acquisition by East Coast firm iMagicLab.
Green Pharmaceuticals is at it again in unique ways to promote its chemical-free SnoreStop products.
For more than a decade, the pile of rubble off Paxton Street has been an ugly reminder of Pacoima's troubles.
Employers must pay back taxes if workers fail to keep detailed usage logs. Some see a disconnect between law and life.
The Amarano gets a thumbs up from the City Council despite residents' concerns about a shortage of parking.
The Board of Airport Commissioners is scheduled to vote today on increasing landing fees at Los Angeles International Airport, which confronts the prospect of declining revenues because airlines are eliminating flights.
Friday, July 25
The second quarter report was very, very good for California United Bank showing a leap in net income to $91 million, a 193.5 percent gain over the $31 million earned in the same period last year.
Two San Fernando Valley high schools recveived state construction grants to ease overcrowding.
Homebuilder Ryland Group reported expanded losses in the second quarter with the hole growing to $241.6 million, or $5.70 per share, from $52.4 million, or $1.25 in the same period of 2007.
Thursday, July 24
Teledyne Technologies Inc. saw an increase in revenues in its four main divisions for the second quarter.
PALMDALE - The city's application to build a natural gas- and solar-powered electricity-generating plant big enough to power the Antelope Valley - with energy to spare - is expected to go next week to the California Energy Commission, accompanied by a $30
CHAD Therapeutics Inc. is not in compliance with the equity and loss guidelines of the American Stock Exchange, the company said.
Power-One Inc. narrowed its net loss for the second quarter, the company said.
Sources say subpoenas have been issued to the lenders, in the clearest sign yet that prosecutors are looking into whether fraud and other crimes contributed to the mortgage debacle.
Registrations of new cars and light trucks declined by 18.3 percent from the same period a year earlier, according to the California Auto Outlook Second Quarter 2008 Market Report.
Michael Dixon, senior vice president and CFO of The Cheesecake Factory, Inc., has resigned, effective July 23.
Net income for test performance equipment manufacturer Ixia grew modestly in the second company, the company said.
The 2007 winter freeze did not harm Ventura County's overall agricultural industry as much as previously feared, according to the annual crop report.
Home foreclosures across the San Fernando Valley hit another record high during the year's second quarter as the housing crisis intensified, a research center said.
First California Financial Group Inc., the holding company for Camarillo-based First California Bank, announced its Q2 net income was $1.3 million, or $0.11 per share, a loss of $900,000 from Q1.
Wednesday, July 23
Foreclosures in California soared in the second quarter to the highest level in at least 20 years, as many homeowners who bought at the height of the housing boom were unable to make mortgage payments, a real estate research firm said.
Southern California airports face the prospect of declining revenue today following the announcement by two major carriers that they would cut service at Los Angeles International and Ontario airports this fall.
Officials hailed the opening of a new mixed-use residential and retail development at Village at the Park in Camarillo, the first of its kind to open in the city and part of a growing trend in community development.
General Motors Corp., battling to keep its global sales crown, fell further behind Toyota Motor Corp. during the second quarter as a deteriorating U.S. market overshadowed gains overseas.
Video game publisher Midway Games Inc. will move its Moorpark operation to San Diego later this year.
Tuesday, July 22
WOODLAND HILLS - Esther Cohen might not work at a big movie studio, but she has helped make Pierce College the back lot for major television shows, feature films and commercials.
Digital storage company Imation Corp. will close its Camarillo plant later this year as it consolidates its manufacturing into a single location.
NEW YORK , Mervyns LLC, the department store chain that has been languishing for several years, could be the latest casualty of the fiercely competitive retail climate.
Several economic issues have led to a downturn in new housing, business construction.
Oil rises in trading over fears of a tropical storm's effect in Texas.
Zenith National Insurance Corp. saw its net income for 2Q 2008 plummet 57 percent to $28.4 million, or $0.76 per share, compared to the second quarter of 2007 when it posted returns of $65.3 million, or $1.75 per share.
Monday, July 21
PALMDALE - When he wanted to take his company in a new direction - recycling carpet instead of cloth - Ron Greitzer needed help. And money.
San Fernando Valley attorneys are filling a need for more judges at courts throughout the region by volunteering their time and learning to leave their biases at the courtroom door.
A new reader-driven feature: photographs of Valley business people being feted, awarded, commended or just taking part in interesting regional events.
InBev's purchase of Anheuser-Busch could mean expansion at Van Nuys brewery.
Linda Coburn tells how a new Calabasas retail center is breaking the design mode and reports on some transactions in the area
DataDirect Networks storage systems were chosen by Chinese television for the Summer Olympics.
Bias Charges Up Sharply As Settlements on the Rise. Column by Richard Rosenberg
General contractor Tutor-Saliba Corp. announced it has been awarded three major construction contracts totaling $291 million.
As soaring gas prices drive a growing number of consumers to consider alternative fuels, officials are considering a proposal to build what would be Los Angeles County's first ethanol plant.
Simi Valley Ford is one of the few dealers selected to preview The FLEX
Violent crime is down, but auto theft is up. In a city as car-dependent as Los Angeles, this is a problem that cannot be ignored.
Two groups are starting business banks in the Valley
Brendan Huffman on easing congestion
Entertainment Earth in North Hollywood is capitalizing on the popularity of comic book collectibles
Hollywood's long, hot summer does not appear to be ending any time soon.
New Civic Center Opens. A look at the people, places and things that make our valleys tick.
Castle & Cooke is negotiating a lease of the Jet Center property at Van Nuys Airport.
Mark Madler talks with AVN about its 25th anniversary and reviews the adult novelty expo
Purchase of Tarzana Hospital by Providence Health & Services is a bright spot in Valley healthcare in recent years
SingerLewak's rebranding continues as it buys Insync Information Management.
Certain vendors doing business with the state will be granted sales tax extensions due to lawmakers not passing a new budget by July 1.
Former Countrywide execs to manage troubled mortgage portfolios
Despite turmoil in the industry, local financial institutions seem to be holding their own.
The City gets a grant of $9 million to assist with the development of affordable housing
Agoura Hills company is a resource for eliminating mortgage fraud
Job growth in the Antelope and Santa Clarita valleys reached into the thousands in 2007 but did so at a slower pace in the San Fernando Valley
A battle is brewing between one Los Angeles City Council member and the MTA over plans to turn a parking lot at a Van Nuys Orange Line station into a mixed-use development.
Finding success in the executive ranks of local banks.
Tension rises Northridge Hospital staff stage informational picket.
Friday, July 18
LANCASTER - New homes built in the city could be subject to an array of new water-saving requirements under consideration by city officials.
Anthem Blue Cross and Blue Shield also agree to restore coverage to patients whose coverage was canceled after they became ill.
Starbucks locations in Santa Clarita and Simi Valley are among those slated to close as the coffee retailer cuts out underperforming stores throughout the U.S.
Thursday, July 17
A jury ruled against MGA Entertainment in its lawsuit with Mattel Inc. over whether a Mattel employee created the popular Bratz line of dolls.
Uncertainty created by contract negotiation between the actors union and the major Hollywood studios led to an increase in on-location filming between April and June.
The downturn in the economy has led online marketing service company ValueClick to lower its revenue guidance for the 2008 fiscal year.
L.A. city attorney's suit contends Blue Shield of California has illegally rescinded the coverage of more than 850 policyholders since 2002.
Agoura Hills officials plan to hold a public hearing tonight to receive comments about a revised environmental impact report drawn up for the proposed Agoura Village development area.
NORTHRIDGE - The programming director at radio station KCSN-FM (88.5) has retired, signaling a potential change at the San Fernando Valley's only public radio station.
United Online Inc. will receive a $60 million loan from a Silicon Valley bank to fund a portion of its acquisition of FTD Group Inc.
Prices in the six-county region drop 29.3% in June compared with a year earlier. Some areas see sales rise as foreclosed houses are deeply discounted.
Wednesday, July 16
The consumer price index for Los Angeles-Riverside-Orange County region has increased 5.4 percent since last June, the Department of Labor reported.
Job growth in the Antelope and Santa Clarita valleys reached into the thousands in 2007 but did so at a slower pace in the San Fernando Valley, according to a new study from the Los Angeles County Economic Development Corp.
Steps to bolster security on Los Angeles mass transit gained a little muscle when Metro received $16.1 million to install 379 gates and surveillance cameras on subways and some light-rail lines.
WASHINGTON -- Consumer prices shot up in June at the second fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.
SHERMAN OAKS - Representatives of the major studios and television networks will meet with officials from the Screen Actors Guild, but they insist they only plan to listen to what the union has to say -- not negotiate
Walt Disney Records has teamed up with digital music distributor Napster to create a station featuring all music from Disney's catalog.
Tuesday, July 15
LANCASTER - A May 9 barbecue held so Mayor R. Rex Parris, Vice Mayor Ron Smith and Councilwoman Sherry Marquez could observe potential new members of the city's Planning Commission was illegal under the state's open-meeting law, according to the Los Angel
The union representing patient care technical workers and service workers in two units employed by the University of California system has called a five-day strike, which began July 14.
For its 30th anniversary, The Cheesecake Factory will launch several initiatives throughout the year.
A new drug from Amgen Inc. that helps patients maintain bone density has shown that it also can reduce fractures, marking an important measure of the effectiveness of the drug.
With multiple levels of bureaucracy and outdated emergency plans, the city of Los Angeles is not as prepared as it should be in the event of a major disaster, according to an audit.
People in line seeking to withdraw their money are told to remain calm or face arrest. A disruption reportedly occurs when some try to cut in line outside the failed institution.
Valley Industry & Commerce Association President Brendan Huffman will leave by the end of the year having made the group more assertive about its pro-business agenda.
Drug software developer Simulations Plus ended its third quarter with a decrease of 4 percent in net income when compared with a year ago.
Monday, July 14
The Entertainment Software Assn. has lost key members, including Activision Blizzard, which threatens to dilute its influence.
Floating above a retail display in an Oregon supermarket, the image of the Coke can looks realistic enough to grab.
David Hiller resigned as publisher of the Los Angeles Times after less than two years in the position.
InBev agreed to buy Anheuser-Busch Cos. for $52 billion to become the world's biggest brewer and gain almost half the U.S. market for beer, the companies said in a joint news release.
Changes to a distribution agreement between Image Entertainment Inc. and Levity Productions will give Image up to seven additional comedy shows.
Friday, July 11
Increased water storage and improvements to transporting water are among the pieces of a $9.3 billion bond proposal from Gov. Arnold Schwarzenegger and U.S. Senator Dianne Feinstein to address the state's water shortage crisis.
Warner Bros. and The Walt Disney Co. are among the Hollywood studios that will include anti-smoking messages in DVDs aimed at the youth market.
General Electric remains "incredibly supportive" of its NBC Universal unit and has no intentions of selling the media division, its chief executive said.
Screen Actors Guild negotiators plan to meet to consider their options after failing to reach agreement with film and TV studios on a new three-year contract.
Construction companies rocked by the housing meltdown are sharpening their pencils and lowering their bids to win government contracts, resulting in multimillion-dollar savings for local public agencies.
Thursday, July 10
A fire likely caused by an equipment malfunction did about $20,000 worth of damage to an Oxnard manufacturing plant, authorities said.
SACRAMENTO - Democratic lawmakers detailed a list of tax increases totaling more than $8 billion, a share-the-pain proposal they said represents the best hope for filling a budget shortfall while maintaining California's spending priorities.
The bank still intends to eliminate the name of the mortgage lender, for which it paid $2.5 billion.
NEW YORK -- Shoppers, enticed by heavy discounts and armed with rebate checks, spent more freely in June, helping to lift many retailers' sales. The outlook for the back-to-school season remains tough, though, as consumers confront high gas and food price
Panorama City Hospital has started using medication bar code scanning, the first Southern California hospital in the Kaiser Permanente system to do so.
Wednesday, July 9
The membership of the American Federation of Television and Radio Artists approved a new three-year contract with the major Hollywood studios.
Warner Pacific Insurance Services has acquired the carrier contracts of a subsidiary of WellPoint Inc.
LOS ANGELES , Fireman's Fund Insurance Co. is targeting environmentally conscious homeowners with a new insurance product that would cover the cost of rebuilding a home to green building standards.
With a foreclosure rescue bill facing an uncertain fate in Congress, federal regulators are putting the final touches on new rules designed to curb irresponsible mortgage lending and help some struggling homeowners refinance into more affordable loans.
Home entertainment producer and distributor Image Entertainment Inc. expects first quarter revenue to exceed $31 million, the company announced.
Noble Investment Group in Georgia has acquired the Hyatt Regency Valencia.
An extended work order to analyze what needs to be done to complete precess for airport curfew is green-lighted.
With Hollywood facing its second major strike of the year, a Los Angeles city official on Tuesday called for more municipal effort to accommodate the film industry and state legislation to give it job-training credits.
Tuesday, July 8
For years, Chris Mauro took a 10-mile detour on his way to work each morning to check out the swells at his favorite surf break and plot the best location for his after-work wave-riding.
Facilities sought payment, they say, for providing care to patients whose policies were later terminated.
A Thousand Oaks teen has been inspired by his father's battle with a brain disorder to pursue a career combining his passion for business with a desire to help those with impaired brain function.
The Los Angeles-Long Beach-Glendale region saw unemployment tick up another 0.7 percent in May, reaching 6.4 percent with 36,000 out of work, according to the U.S. Department of Labor.
McCarthy Building Companies Inc. has started construction on a five-story inpatient tower at Providence Holy Cross Medical Center in Mission Hills.
Cyber-Rain, the manufacturer of smart sprinkler controller systems, received a round a funding from two venture capital firms, the company announced.
The Pasadena S & L is drastically cutting mortgage operations, closing offices and laying off 3,800.
Brand-management company Cherokee announced that it signed an exclusive agreement to represent a line of skin care products developed by Dr. Susan Evans of Beverly Hills.
Lenders are required to contact homeowners and explore restructuring options before initiating the foreclosure process under a new law signed by Gov. Arnold Schwarzenegger.
National Technical Systems Inc. will expand its munitions and ordinance testing grounds in Arkansas after buying 650 acres of land.
The Los Angeles Board of Airport Commissioners awarded a $9.4 million contract to Tower General Contractors of Sun Valley for a seismic upgrade and fa & #231;ade renovation of the historic Theme Building at LAX.
Monday, July 7
The City of Palmdale received a grant for $9.9 million from the California Department of Housing and Community Developmen for the first phase of affordable housing of the planned Transit Village project.
Retirement planning is a hot issue in money management circles
Some long-term improvement projects planned at LAX may be pushed back because of planned airline service cuts, the director of the agency that runs the facility said.
Mark Madler reviews a report on the economic and environmental impacts of private jets
BRUSSELS, Belgium - Brewer InBev turned up the heat in its hostile, $46 billion bid for Anheuser-Busch, announcing that it will attempt to remove the company's entire board.
VEDC entity gains certification as a Certified Development Company
Editor Jason Schaff sees balance restored thanks to new cell phone law
An L.A. group offers start-ups and others as much as $15,000
Will The Americana change Glendale's annual Cruise night?
Universal Studios welcomed its first Chinese leisure tourists in June.
Providence Health & Services outlined its plans for the Tarzana Regional Medical Center following its acquisition of the facility in a deal worth $89 million.
The City of Burbank has been criticized for too much development and also for being too restrictive
Relationships have been strained in the past but are smoother now
George Rimelower of North Hollywood-based Interpreting Services International which now offers workshops to health care organizations on translations, compliance and diversity training.
POLITICS: Guest columnist Greg Lippe writes the State must save for rainy days
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
Business is good at Management Resource Solutions Inc.
QPC Lasers Inc. completed the technology development phase of a $12 million contract to manufacturer lasers for use in next-generation high definition televisions.
Global Rating Scale Needed for Public Sector Debt. Guest Column by Douglas Montague
LTC Properties, Inc., a Westlake Village-based real estate investment trust, declared a monthly common dividend on common stock for the third quarter of 2008.
Murray Wishengrad of The Stand discusses his growing chain of upscale hot dog restaurants.
Stepping in after aerospace left town, entertainment has been an economic savior
Thursday, July 3
Gov. Arnold Schwarzenegger has signed SB 612 by Senator Joe Simitian (D-Palo Alto), which allows victims of identity theft to have identity theft cases prosecuted in the county where they live.
An estimated 250 nurses at Northridge Hospital staged an informational picket July 2 to draw attention to what they say are staffing shortages at medical facilities serving the San Fernando Valley and Ventura County.
Seniors, people with disabilities, their families and caregivers, joined with Quality Home Care Coalition members and other protesters to denounce Gov. Arnold Schwarzenegger's proposed cuts to programs that serve the elderly and disabled.
Wednesday, July 2
The Technicolor Services division of Thomson will provide international broadcast distribution and media management services for NBC Universal in an agreement signed between the two companies.
The utility's planned 16% hike draws outcry from L.A. customers.
Some Ralphs supermarkets in Hollywood, Silver Lake and Orange County have pulled ground beef off their shelves in response to a Nebraska beef recall connected to an outbreak of E. coli illnesses, it was reported.
U.S. Treasury Secretary Henry Paulson called for regulatory changes that would allow financial firms to fail without threatening broader market stability
Tuesday, July 1
Providence Health & Services outlined its plans for the Tarzana Regional Medical Center following its acquisition of the facility in a deal worth $89 million.
PALMDALE - Los Angeles County supervisors have approved a new set of fees, to be paid by developers, that will pay for the construction of new sheriff's stations in Santa Clarita, Newhall and Gorman.
The new hands-free cell phone law in California is proving to be an economic windfall for Ventura County stores selling wireless phone technology.
The mortgage loan empire he created flies a new flag as the lender is absorbed by Bank of America.
Anheuser-Busch Cos. plans to cut pension and health-care benefits for its salaried employees as part of an effort to slash $1 billion in costs by the end of 2010 and fend off an unsolicited $46 billion bid from Belgian brewer InBev.
The contract between the Screen Actors Guild and the major Hollywood studios has expired raising questions whether the actors will stage a walkout.