Stories for August 2011

Monday, August 29

Role of Enrolled Agents Dates Back to Civil War Days

ACCOUNTING: Of 50,000 U.S. enrolled agents, about 14,000 are located in California.

Exploring what defines an enrolled agent. Column by Mark Madler

Striking Gold

Prices: Rising gold prices have created opportunity for new dealers and competition for more established ones.

Valley gold dealers discuss how the rise of gold is affecting business

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$27.5 Million Van Nuys Airport Project Clears Hurdle

AVIATION: Hangar and office complex still needs approval from city council.

Van Nuys Airport makes headway on $27.5 million project

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3D Technology Wheels Into Hospital Operating Room

HEALTH CARE: Mission Community Hospital invests in spinal medicine imaging unit.

Panorama City hospital introduces new surgery device

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Language Institute Translates Success for Businesses

Growth: North Hollywood company hires 12 employees and starts new business division.

LANGUAGE: ISI Translation in North Hollywood expands its offices, staff and services

QR Codes Assist Valley Area Businesses in Marketing

Marketing: Quick response codes are helping local companies connect with clients, build buzz.

QR codes are generating buzz on the Valley business scene

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Internships Good For Students, Businesses

Guest Column: Reflecting back on summer spent as a SFVBJ intern, by Evan Zimmet

Final Reflections

KALEIDOSCOPE - OUR CHANGING VALLEY

Martin M. Cooper: as we conclude our formal contributions to the Business Journal, here are a few thoughts on the future of Our Valley:

City Loan Program Fails Valley-Area Businesses

FROM THE NEWSROOM

Editor’s Column by Jaclyn Giovis

AROUND THE VALLEYS

News and notes from around the greater San Fernando Valley area

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VALLEY BIZ SEEN

August 29, 2011

Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

VALLEY STOCK WATCH

Stock activity for 50 selected greater San Fernando Valley-based public companies.

Hospital Group Still Dealing with Union Allegations

Health care: Legislators alarmed over ongoing Prime Healthcare Services issue.

Health Care Column: Union allegations stir up controversy.

Doctors on Demand

Specialists On Call CEO draws from his business and medical experience to drive growth at the telemedicine company.

Profile Q&A: Joe Peterson, CEO of Specialists on Call.

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Institute’s Donation to Hospital to Fund Equipment

Hospital: Providence Tarzana Medical Center’s neonatal unit will benefit from funds.

GIVING: Local hospital gets $49,000 donation. This is a regular feature on philanthropic activities by Valley-area businesspeople and companies.

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Wired for Success

PCC Network Solutions helps companies get connected, find solutions.

ENTREPRENEUR: PCC Solutions offers IT and data networking services

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FLYING HIGH

Local aerospace companies land NASA contract, prepare for orbit.

SPACE: SoCal aerospace companies sound off on $10 milllion dollar NASA contract.

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City Denies Business Loans, Despite $15 million Pot

LENDING: Program falls short of goals, hits snarls.

L.A. fails to make progress on business loan program.

Biotech Firm Gains Muscle

DEAL: PBS Biotech acquires Integrity CMi.

Biotech company moves manufacturing in-house with new aqcuisition deal.

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Electro Rent Buys Competitor

EXPANSION: Aquisition brings new clients, inventory.

Local electronic equipment provider acquires bankrupt company.

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NoHo Gets Fresh & Easy Store

Company looks to expand in the Southland, including Valley region.

RETAIL: Fresh & Easy prepares to open a new store in North Hollywood.

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Company Shows Kids Trades

Youth study roofing and construction business.

Construction company creates job program for high school students

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Cards Play on Golf Culture

Ad Veteran Tees Up New Note Card Line.

Golf: Ad Veteran tees off new golf-related note card line

Thursday, August 18

AeroVironment Receives $65 Million Unmanned Aircraft Contract

AeroVironment Inc. will deliver in the next few months its Puma unmanned aircraft to the U.S. Special Operations Command to fulfill a $65 million contract.

Wednesday, August 17

Princess Cruises Renews Lease

Cruise operator Princess Cruises has signed a 15-year lease renewal for its Santa Clarita headquarters.

DineEquity Board Approves Share Repurchase

DineEquity Inc.’s board of directors approved the repurchase up to $45 million of the company’s outstanding common stock.

Tuesday, August 16

City Program Falls Short in Loans to Small Businesses

A City of Los Angeles program to provide $15 million in loans to small businesses to create jobs for low and moderate income residents has assisted only two companies in the nearly two years since the program started.

Princess Cruises Renews Lease

Cruise operator Princess Cruises has signed a 15-year lease renewal for its Santa Clarita headquarters.

Monday, August 15

IRIS International Urinalysis Product Hits U.S. Market

Launch: Company targets smaller laboratories with its new iRICELL 1500 testing system.

New urine testing solution is introduced

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EMPLOYMENT: Area workers struggle with job market realities.

Job Market Jungle

The Valley’s unemployment climate changes with the increase in company layoffs.

Hooters Opening in Thousand Oaks

Some residents oppose having the restaurant in the community.

Hooters sets sights on Thousand Oaks location

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Vet Clinic Snags TV Spotlight

Pet hospital appears in AT&T commercial.

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Landscape Company Rewards Safe Drivers

ValleyCrest Landscape Companies gives a new truck to five employees.

Landscape company rewards safety compliance

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Lawyers Expect Long Delays in Civil Court

LAW: Courtroom budget cuts may create case backlogs that outrage lawyers and their clients.

The state last week ordered its biggest cuts to courts ever, leaving law firms to ponder potential impacts on their practice.

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Real Estate Executive Named a Dame

NAI Capital CFO snags new title, recognized for charitable contributions.

Honor: Real estate executive snags title

Hot Off the Market

Restaurants: Fast-casual restaurants are stirring up leasing activity in the area’s commercial real estate market.

Boom in restaurant industry affects local real estate

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Curtain Rises at Lancaster Theater

development: Project ushers in independent films.

Indy movie theatre debuts in Lancaster

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New Owner Opens Doors for Anthony in Europe, Asia

MANUFACTURING: Avista Capital Partners experienced in foreign market expasion.

Private firm acquires refrigerator door manufacturer

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Insurance Brokerage Firms Merge, Expand Services

Agreement: New name not decided yet; business as usual for customers.

INSURANCE: Local insurance companies merge.

New Program Targets Entertainment, Arts Businesses

Assist: Free counseling gives creative types a boost in the business skills they may lack.

Small Business: New consulting group for arts and entertainment businesses

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THE LIST - Professional Staffing Companies

EXECUTIVE SUMMARY / THE PACESETTER

Professional staffing companies, ranked by workers placed annually in the greater San Fernando Valley in 2010. Includes the 2011 SFV'S PROFESSIONAL STAFFING COs list for download (pdf)

Job Market Jungle

STAFFING: Demand for temporary workers outpaces need for full-time workers.

Area staffing companies discuss trends in the job market. Includes the 2011 SFV'S PROFESSIONAL STAFFING COs list for download (pdf)

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University Moves Woodland Hills Campus, Doubles Size

RELOCATION: University officials say students will get better equipment and parking.

University moves their Woodland Hills campus.

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Helicopter Operators Get Their Say on Noise Problems

Flight: Valley residents lose patience over low-flying craft; FAA sets no minimum altitude.

Helicopter noise raises issues at area airports.

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VALLEY STOCK WATCH - August 15, 2011

Stock activity for 50 selected greater San Fernando Valley-based public companies.

Kaiser Permanente Awards Grants to Local Nonprofits

Funds: Cash awards were given to organizations providing for community health needs.

GIVING: This is a regular feature on philanthropic activities by Valley-area businesspeople and companies.

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Hospital in Glendale Finishes Second Expansion Phase

Construction: Glendale Adventist opens areas for patients’ families, pedestrians.

Glendale hospital moves closer to expansion.

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AROUND THE VALLEYS

News and notes from around the greater San Fernando Valley area

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L.A.’s Aging Sewers Are in Need of Repair

VICA LOCAL UPDATE

Catching the local business issues that fall through the cracks

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Valley’s ‘Godfather’ Takes a Bow

FROM THE NEWSROOM

The Valley Economic Alliance has recommended one of its own to succeed Chairman David Fleming. Editorial by Editior, Jaclyn Giovis

VALLEY BIZ SEEN August 15, 2011

Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

IPOs Raise Region’s Profile

COMPANIES: Wesco lands on New York Stock Exchange.

Wesco Aircraft has gone public, selling shares on the New York Stock exchange

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Staff Cuts at THQ Reflect Change in Business Strategy

games: Developer paring back on children’s, racing titles.

Video game publisher THQ Inc. restructures itself

Cable Guy

Crown Media’s Bill Abbott discusses the TV industry, viewing habits and New York vs. L.A.

Q&A: Bill Abbot, president and CEO of Crown Media Family Networks.

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Worry-Free Filming

Real to Reel Inc. thrives as talent agency for properties

ENTREPRENEUR: Real to Reel Locations finds filming locations for the entertainment industry

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Friday, August 12

Prop Park Lease Agreement Before Airport Commission

The Los Angeles Board of Airport Commissioners is scheduled to vote Aug. 15 on a lease agreement for the new piston aircraft area at Van Nuys Airport.

Tuesday, August 9

IPC The Hospitalist Signs New Credit Agreement

IPC The Hospitalist Company Inc. has entered into a new credit agreement, which company officials expect will help drive future growth.

Monday, August 8

Vitesse Chooses Distributor for Japanese Market

Manufacturer Vitesse Semiconductor Corp. has chosen Internix Inc. as its exclusive distributor for the Japanese market.

Friday, August 5

Juno Launches With Pratt & Whitney Rocketdyne Engines

Rocket engines manufactured in Canoga Park by Pratt & Whitney Rocketdyne powered the Juno spacecraft on its launch to study the plant Jupiter.

MannKind Corporation Widens Net Loss in Q2

MannKind Corporation widened its net loss and had no revenues in the second quarter.

Superior Income Rises in Q2

A decline in shipments to Japan following the March earthquake and tsunami did not hurt the financial performance of aluminum wheel maker Superior Industries International Inc. in the second quarter.

Health Net Raises Earnings in Second Quarter

Woodland Hills-based Health Net Inc. had higher net earnings for the second quarter of this year, but its total revenues dropped due to changes in its government contracts segment.

Thursday, August 4

United Online Has Second Quarter Net Gain

United Online Inc. had year-over-year increases in earnings and revenues for its second quarter, partially driven by higher total consumer order volumes.

On Assignment’s Gets Higher Income, Revenue in Q2

On Assignment Inc. has higher net income and revenues for the second quarter of 2011 compared to a year ago after experiencing major growth in its IT & Engineering and Life Sciences segments.

Tuesday, August 2

Price Battles

Accounting firms deal with fee pressure, tout service and experience

Local accounting firms deal with the pressures of competitvely pricing their fees.

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Monday, August 1

Vitesse Names New Chief Financial Officer

Vitesse Semiconductor Corp. has appointed a veteran financial executive as its new chief financial officer.

On Assignment Acquires Physician Staffing Company

On Assignment Inc.’s acquisition of an Atlanta-based staffing physician staffing firm is expected to bolster its national presence.

Regency Moves into The Plant

Theater chain fills space of former theater tenant.

New movie theater chain at the The Plant in Van Nuys

Alphabet Soup for Accountants: Credentials, Titles, Etc.

NICHE: Professionals carve out profitable specialties.

Learn about accounting credentials

AROUND THE VALLEYS

News and notes from around the greater San Fernando Valley area

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Golf Courses Putt Ahead

Perks: Clubs offer incentives to drive new business activity.

Local golf courses discuss the summer business and climate change in the industry

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Aerospace Company Launches Space Innovations

PROJECT: Valencia firm eyes future opportunities.

Vivace-Spacetron finishes production on a new project for the International Space Station.

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HemaCare Corp. Makes Exit From Blood Bank Market

sale: Company focus switches to therapeutic services.

Van Nuys-based HemaCare Corp. sheds blood bank business and focusees on other areas

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Walmart Has Undisclosed Plans for Burbank Location

Store: Community input taken before retail giant opens a new store.

Walmart sets sights on Burbank location

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More Local Companies Offering Wellness Programs

Active: Employers encourage healthy lifestyles with discounted classes, fresh foods, screenings.

Local employers are taking measures to decrease obesity among their employees

No Rest As Mattress Retailer Plans for Expansion in Valley

Stores: New Studio City location opens this year, will bring up to 16 new jobs to area.

Sit ‘n Sleep is expanding their business in the San Fernando Valley

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2011 CPA Firm Top Issues Survey

2011 CPA firms top issues survey

Tax Accountants Offer Clients Service, Strong Returns

Taxes: Knowing the changes to the tax code is part of the job, but not all of it, experts say.

Survey reveals challenges facing the tax industry

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Walking on Sunshine

John Van Scoter on the challenges of running an alternative energy firm

Q&A: eSolar’s John Van Scoter

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Forever Green

Landscape management company nurtures its business model for growth

ENTREPRENEUR: Richard Angelo of Stay Green Inc. in Santa Clarita

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Money Talks, Accountants Listen

A roundtable discussion with five Valley accountants about the issues of the day

Area accounting professionals discuss issues in the industry .

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Accountants Have Tough But Rewarding Careers

FROM THE NEWSROOM

Exploring the importance of accountants. Commentary by Editor, Jaclyn Giovis

Announcing Another Valley Fatality

Kaleidoscope: Our Changing Valley

Book sellers hang on in the Valley. Column by Martin M. Cooper

California Wage Laws May Apply to Non-Resident Workers

lABOR: Supreme Court ruling found wage and hour rules extend to visiting workers.

EMPLOYMENT LAW - Visiting workers subject to state wage and hour laws

GE, Presidential Foundation Partner to Help Students

funds: Students emulating Ronald Reagan values get college scholarships, retreat

GIVING - a regular feature on philanthropic activities by Valley-area businesspeople and companies.

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Kaiser Union Dispute May Lead to Another Election

Labor: National labor board recommends new election for area service, technical workers.

Kaiser Permanente workers’ union may have second election.

It’s Now the Dailies Show for Electric Picture Solutions

filming: Editing equipment and services firm branches out with new offering to industry.

Electric Picture Solutions is now processing dailies for feature films

Enterprise Zone or Dead Zone?

INCENTIVES: Companies often never learn of special tax credits.

Many companies don’t know about California Enterprise Zones and how they can receive tax credits.

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THE LIST: Accounting Firms

EXECUTIVE SUMMARY / THE PACESETTER

THE LIST: Largest accounting firms. Ranked by total employees in the greater San Fernando Valley. Includes the 2011 SFV'S LARGEST ACCOUNTING Firms list for download (pdf)

Most Area Accounting Firms Added New Employees

Hiring: No. 1 firm focuses on managing growth for future.

LIST STORY: Firms discuss strategies for growth and success. Includes the 2011 SFV'S LARGEST ACCOUNTING Firms list for download (pdf)

Food Firm Gets Fresh Business

Direct Pack Inc. expands its business operations, hires new employees.

Direct Pack Inc. expanded food packaging facility in Sun Valley

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THQ Looks to Voltron for Future

Game publisher pins hopes on new games.

THQ Inc. creates new game for based on 1980s animated series

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