Stories for July 2011

Sunday, July 31

Switch Maker Attracts Intel

TECH: Fulcrum Microsystems purchased by chip-making giant.

Calabasas-based Fulcrum Micro- systems, the developer of Ethernet switches, has been acquired by chip giant Intel.

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Friday, July 29

Valley Contractor Receives $395 Million in Contracts

Construction firm Tutor Perini Corp. received contracts on eight projects totaling $395 million.

Thursday, July 28

Digital Imaging Business Boosts Teledyne Income

The acquisition of a digital imaging company has paid off for Teledyne Technologies Inc. as the company posted a 400 percent increase in second quarter net income compared to a year ago.

Wednesday, July 27

THQ Posts Loss in Q1

Video game publisher suffered a disappointing first quarter, widening its net loss compared to a year ago as games sales fell below expectations.

Tix Reaches Agreement with Major Shareholder

Discount ticket seller Tix Corp. will add three new members to its board of directors in an agreement with a major stockholder angling to gain control over the board.

Tuesday, July 26

“Panda” Kicks Up DreamWorks Animation Income

The box office success of “Kung Fu Panda 2” contributed to DreamWorks Animation SKG Inc. posting higher net income for the second quarter when compared to a year ago.

Monday, July 18

Accountant Hits the Right Notes in Support of the Arts

music: Valley native chairs Curb College executive board.

CPA Rick Parent shows support for the arts in the Valley. Banking & Finance Column by Mark Madler

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Sport Chalet Founder Dies

Sport Chalet Inc. founder Norbert Olberz died Friday of natural causes, the La Cañada Flintridge-based company announced.

Ask the Realtor

Agents in the San FernandoValley sound off about the region’s housing market and what it’s like selling homes today.

Realtors sound off about the housing market.

Adult Day Health Care Centers Without Backup Plan

BUDGET: State budget cuts impact local centers.

Local adult day health care centers ponder the fate of their program funding.

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Beer House Serves 100 Tap Brews

Restaurant moves into former movie theater at Antelope Valley Mall.

Restaurant offers 100 beers on tap at new Palmdale location.

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Real Estate Schools Attract New Students as Competition Wanes

Education: Schools expect class enrollment to increase as the housing market recovers.

SPECIAL REPORT: Residential Real Estate - Area real estate schools talk about enrollment in a tough market.

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Laughs for Sale

media: Company sells comedy albums, specials online.

New Wave Entertainment is now selling comedy content to consumers.

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Wealthy Demand Advice, Services

INVESTMENTS: Financial advisors, and banks expand to address clients’ needs.

Money management firms hire up to keep up with the high demand for financial advisory services.

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Hotel Builds Suites for the Stars

Hotel Amarano expands guest capacity by 30 percent, adds features.

Hotel Amarano hopes to attract elite clientele with new expansion project.

AROUND THE VALLEYS

News and notes from around the greater San Fernando Valley area

Lack of Drama Hurts State’s TV Production Activity

Television: On-location filming business flees to states with better tax incentives.

Film L.A. agency predicts dissapointing outcome for television production.

Engineering Firm Buying Companies to Rev Up Sales

Growth: National Technical Systems has 100 companies on radar, and deals in the works.

National Technical Systems eyes acquisition opportunities.

State Budget Constraints Push Colleges to Cut Classes, Staff

Education: Area schools say the cost-cutting measures impact the quality of instruction.

Colleges make cuts in response to state budget deficit.

Local Company to Develop Indian Tribe’s Justice Center

COMPLEX: Out-of-state provides new opportunities, challenges for the developer.

Local companies lead tribal project in South Dakota.

Restaurants See Benefit of Debit Card Swipe Fee Limit

Cap: The Federal Reserve sets limits on how much card issuers can charge for transactions.

Local restaurants discuss the Federal Reserve’s cap on debit card swipe fees.

Saddled Up for Success

From its offices in Thousand Oaks, Mustang Marketing blends traditional media with the new — adding a dash of purple.

ENTREPRENEUR: Scott Harris of Mustang Marketing in Thousand Oaks.

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Restaurant Gives Pizzas to Little Leaguers

gIVING: Rosti Tuscan Kitchen serves hot pies to neighborhood stars in bid to help neighbors.

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

GoTV Acquired by Apps Maker

tech: Sherman Oaks firm ahead of curve in mobile space.

GoTV Networks, a mobile entertainment company based in Sherman Oaks, has been acquired by Texas-based mobile applications business Phunware.

Are Lenders Responsible or Too Tight?

BANKING: Institutions address regulations, aim to be transparent.

SPECIAL REPORT: Residential Real Estate - Valley banks offer insight on the current and future state of home lending.

Moving Companies Try to Truck Through Tough Times

operations: Firms say they no longer rely on the real estate market to drive business.

SPECIAL REPORT: Residential Real Estate - Local moving companies find ways to persevere in down economy.

KB Lets the Sunshine In

CONSTRUCTION: Firm installs solar power equipment in Lancaster residential community.

SPECIAL REPORT: Residential Real Estate - New solar home community debuts in the city of Lancaster

Agents Adjust to Buyers’ Demands, Preach New Reality

sales: Price point plays even greater factor due to the aftermath of the housing crisis.

SPECIAL REPORT: Residential Real Estate - Housing market presents new challenges for realtors and their clients.

Top Firms Find Ways to Grow

list: Rodeo Realty lands in No.1 position again, followed by Coldwell Banker.

LIST STORY - Firms discuss strategies and survival in a tough market. Includes the 2011 SFV'S LARGEST RESIDENTIAL REAL ESTATE Firms list for download (pdf)

THE LIST - Residential Real Estate Firms

EXECUTIVE SUMMARY / THE PACESETTER

ABOUT THE LIST - RESIDENTIAL REAL ESTATE FIRMS, Ranked by dollar volume of greater San Fernando Valley sales. Includes the 2011 SFV'S LARGEST RESIDENTIAL REAL ESTATE Firms list for download (pdf)

The Sporting Life

Sport Chalet CEO Craig Levra recounts his start in retail in Kansas, what’s changed in high school athletics and his current favorite sport.

INTERVIEW: Sport Chalet CEO Craig Levra.

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VALLEY STOCK WATCH - July 18, 2011

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

Regulators Target Insurers for Not Covering Autism Therapy

agreement: Blue Shield to start paying for the treatment.

Regulators push Blue Shield to cover autism therapy.

Is Now The Right Time To Buy And Get A Home Loan?

You May Need To Change Your Perception.

Commentary by Guest Columnist, Fred Arnold, Certified Mortgage Consultant.

Shedding the Chips on our Shoulders

Kaleidoscope: Our Changing Valley

Commentary by Columnist, Martin M. Cooper, President of Cooper Communications, Inc.

City Allows Politics to Stifle Potential Public-Private Partnerships

VICA LOCAL UPDATE

Catching the local business issues that fall through the cracks

VALLEY BIZ SEEN July 18, 2011

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

Friday, July 15

Proxy Fight Cuts into Tix Income

Legal expenses connected with an attempted shareholder takeover ate into the second quarter net income of discount ticker seller Tix Corp.

Wednesday, July 13

Trio-Tech Subsidiary Receives $2.9 Million Contract

A subsidiary of Trio-Tech International received a $2.9 million contract to manufacture components for offshore oil exploration in Southeast Asia.

Tuesday, July 12

GoTV Sold to Texas Mobile Entertainment Company

Mobile entertainment distributor GoTV Networks has been acquired by a Texas mobile experience company.

Tuesday, July 5

Location Filming Sluggish For First Half of 2011

On location filming for the first half of 2011 increased by almost 3 percent when compared to the same period a year ago, new statistics from FilmL.A. show.

Monday, July 4

End of an Era as Seen from Space Shuttle’s Birthplace

Flight: Palmdale, Canoga Park played vital role in orbiter.

AEROSPACE: Boeing and Pratt & Whitney discuss end of the space shuttle program.

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Supreme Court Wal-Mart Ruling Good News To Employers

LAW: Decision limits ability for employees to bring class action suits against large firms.

EMPLOYMENT LAW Column by Richard Rosenberg

Amgen Offers Cash Awards to Science Teachers, Schools

Support: Thousand Oaks-based firm recognizes teaching success in various communities.

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

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Health Care Software Firm Enters Chinese Market

Claims: MZI HealthCare eyes opportunities overseas and looks to expand product line.

Health care software company signs first deal in China

Media Tenants at Last Getting to the Pointe in Burbank

Occupancy: KCET joining Outlook Amusements and DC Comics in media district tower.

Real Estate: The Pointe, office tower in Burbank, attracts KCET-TV.

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NewMark Merrill Division Looks for Building Opportunities

Develop: Ground-up retail will keep pace with portfolio.

GROWTH: NewMark Merrill Companies launches development group.

Businesses Suffer When Sacramento Fails to Act

CAPITOL OFFENSES

State budget impacts businesses. Column by Brendan Huffman

Customer Appreciation Should Outlive Carmageddon

Businesses turn to desperate marketing campaigns for 405 closure.

VALLEY BIZ SEEN July 4, 2011

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

Dean Leaves Hospital Post

Morre Dean resigns as Glendale Adventist Medical Cetner CEO

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New CEO Appointed at Panavision

John Suh rises through executive ranks since joining company in 2007.

Camera rental firm gets fourth CEO in two years.

Real Estate: Developers say health care projects are stable investments in today’s market.

Health Care Providers Make Vital Changes for Future

Medical facility devleopments are good investments as they provide more stable tenants.

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Mayor: Conan Needs to Earn Street Name

City Hall enjoys host’s humorous campaign.

Television host Conan O’Brien wants a Van Nuys street in his name.

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AROUND THE VALLEYS

News and notes from around the greater San Fernando Valley area

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Steering Clear

Tourism: Princess Cruises puts passenger safety first and cuts Puerto Vallarta visits due to crime.

Princess Cruises recently cancelled three stops to Puerta Vallarta this year due to safety concerns.

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Businesses Offering Deals During Freeway Closure

Traffic: Shutdown means fewer workers in area of 405/101 interchange.

Local businesses offer specials during the freeway closure

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Web-Based Firms Branch Out

Internet: No. 1 company grew by diversifying business.

LIST STORY: Recent purchases helped United Online reach the top spot in this year’s largest internet-based firms list. Includes the 2011 SFV's LARGEST COMMERCIAL PROPERTY MANAGEMENT FIRMS list for download (pdf)

Warner’s Wizards

Films: Studios bank on film franchises to keep characters alive even after the epic story ends.

FILM: Movie studios find different ways to keep film franchises alive.

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THE LIST: Largest Internet-based Firms

EXECUTIVE SUMMARY / THE PACESETTER

The year’s List of the Largest Internet-Based Firms is occupied by 12 companies. Includes the 2011 SFV's LARGEST COMMERCIAL PROPERTY MANAGEMENT FIRMS list for download (pdf)

IHOP to Flip Flapjacks, Serve Beef Bacon in the Middle East

food: DineEquity Inc. has plans to open 40 IHOP locations in nine countries over five years.

IHOP restaurants expand to the Middle East.

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Health: Hospitals, clinics work to prepare for new stream of patients.

Health Care Providers Make Vital Changes for Future

Health care providers expand services to meet health care reform demands.

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The LIST: Largest IT Consulting Firms

EXECUTIVE SUMMARY / THE PACESETTER

Largest IT Consulting Firms Ranked by 2010 revenues. Includes the 2011 SFV'S LARGEST IT CONSULTING FIRMS list for download (pdf)

New Campus To Strengthen Image, Community Foothold

Education: Facility helps Phillips Graduate Institute to grow along with its students.

Phillips Graduate Institute is moving to Northridg.

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Companies Hiring Financial Professionals to Fill Voids

Recruitment: Staffing firms say companies want top talent, but don’t always find it.

JOBS: Recruiters see an increase in hiring of financial professionals.

Company Looks, Listens to Digital Market Demands

Quality: Testronic Labs expands film testing options to meet studios’ digital needs.

Testronic opens new lab to test digital master files.

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Trilogy Draws Opportunity from Digital Storybook Titles

Media: Video game developer launches new division aimed at emerging market for children.

Trilogy Studios launches interactive storybooks.

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Newhall District Events Drum Up Late Night Business

Redevelopment: Small businesses hope events will draw new patrons to their storefronts.

SMALL BUSINESS: Newhall shops extend hours during city events.

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Details, Details, Details

Unique background as rabbinical student, litigator helps Jonathan Gluck solve problems for health care provider group.

Jonathan Gluck, Provider Network senior executive discusses growth.

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Palmdale Airport Budget Lands in the Red, Once Again

Finances: Los Angeles World Airports may assign the airport lease to city of Palmdale.

AVIATION: The Palmdale Airport will run a deficit in new fiscal year

Rodeo Realty Expands Valley Footprint, Adds More Agents

Growth: Beverly Hills firm employs more than 700 realtors in the San Fernando Valley area.

Residential real estate firm Rodeo Realty continues to grow

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Sound Decisions

Nathaniel Victor was a high school student when he started his business selling electronics. He’s turned it into a $40 million operation.

Nathaniel Victor is a 28-year-old founder of Sonic Electronix

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Aero Fluid Products to Shut Down Simi Valley Plant

Manufacturing: TransDigm Group moves local division to Ohio.

Aerofluid is closing its Simi Valley location and eliminating more than 80 jobs.

IT Firms Rise to Challenges

Technology: Firms face tough business environment.

LIST STORY: Firms face challenges and growth. Includes the 2011 SFV'S LARGEST IT CONSULTING FIRMS list for download (pdf)

Friday, July 1

Image Ends Fiscal Year with Net Profit

Net income dropped in the fourth quarter for Image Entertainment Inc. when compared to the same period a year ago.

Crowne Chrome Plating Fined $100,000 by EPA

A Van Nuys metal plating company has been fined $100,000 for violating federal hazardous waste regulations.