Stories for November 2011
Wednesday, November 30
Simi Valley-based Troop Real Estate Inc. distributed turkeys and other Thanksgiving dishes to more than 2,750 families in Ventura County this holiday, the company said Wednesday.
IPC The Hospitalist Company Inc. appointed Glenn Appelbaum to the newly created position of senior vice president of operations Wednesday.
Alan Buckelew, president and CEO of Santa Clarita-based Princess Cruises, was honored by the UCLA Anderson School of Management with the 2011 IS Associates Executive Leadership Award.
Odor detector manufacturer Electronic Sensor Technology Inc. received an order for six of its instruments from a U.S. consumer product company in a deal valued at $125,000.
Tuesday, November 29
McCabe Consultants, a human resources consulting firm, is joining forces with RGEB Employee Benefits as part of a strategic alliance, the two firms announced.
National sporting goods retailer, Sport’s Authority will be joining the lineup of tenants at Northridge Fashion Center next year.
Start-up software and technology company Network Optix received a $750,000 round of financing to get its video and digital media transfer product to market.
A Burbank company has helped the world’s largest religious network to launch a video-on-demand service with content going back decades.
Monday, November 28
The Association for Corporate Growth will present the first annual Tom Hopkins Award For Excellence in mergers and acquisitions to John Paglia, director of the Pepperdine Private Capital Markets Project.
Radio news station KNX 1070 will broadcast from an Encino restaurant on Dec. 9 to kick off a new series spotlighting communities in Southern California.
Trumark Homes has sold more than half of the homes in its new Granada Hills gated community, including nine in the last 10 weeks, the developer said Monday.
The California Lutheran University Center for Economic Research and Forecasting will present its 2011 Fourth Quarter California and United States Economic Forecast on Thursday, Dec. 15, at the Sportsmen’s Lodge Events Center in Studio City.
This year, Valley shopping centers reaped the benefits of a busy Black Friday.
Wednesday, November 23
Boston-based AEW Capital Management has purchased a 110,000 square foot industrial building in Panorama City, according to the brokerage firm representing the parties.
Engines made by Pratt & Whitney Rocketdyne will propel an Atlas V rocket carrying the Curiosity rover for an eight-month flight to Mars.
Medtronic’s diabetes group, headquartered in Northridge, reported a 13 percent increase in second-quarter revenue to $367 million.
IPC The Hospitalist Company, the nation’s leading hospitalist physician group practice company, announced that 37 of its Practice Group Leaders from around the country have successfully completed the first Fellowship in Hospitalist Leadership program.
Tuesday, November 22
Four Valley toy companies were among the 77 finalists nominated by the Toy Industry Association for the 2012 Toy of the Year Awards.
The chief executive of St. John’s Regional Medical Center in Oxnard, Laurie Eberst, will spend two days a week at St. John’s Pleasant Valley Hospital in Camarillo in the wake of the sudden departure earlier this month of Pleasant Valley President John Bibby.
The Walt Disney Co. has made management changes to its sports cable network ESPN that will take affect on Jan. 1.
Los Angeles builders continued their push into the multifamily market in October, driving up the number of new projects compared with the same period last year, an industry group said Tuesday.
Monday, November 21
GROWTH: Firms grow revenues, but most aren’t hiring new workers.
LIST STORY: Despite the gloomy economy, Valley’s 60 fastest-growing private companies are expanding. Includes SFVBJ's 2011 Fastest Growing Private Cos list for download (pdf)
A subsidiary of Teledyne Technologies Inc. will display its image sensor technology for medical imaging and dental radiography at the annual meeting and conference of the Radiological Society of North America taking place in Chicago.
Charges connected with making more shares of its stock available contributed to Phototron Holdings Inc. posting a net loss in the third quarter when compared to a year ago.
Californians looked to purchase more homes in October, pushing pending single family home sales up about 3 percent from September, a real estate organization said Monday.
Planet Beauty, a Costa Mesa-based beauty boutique, is set to open at the Encino Marketplace in Encino on Friday, Dec. 9.
Blue Microphone hitches itself to the consumer electronics giant.
In Their Own Words. CEOs sound off on how they keep their companies on the “fast” track: Blue Microphones: John Maier
EXECUTIVE SUMMARY / THE PACESETTER
ABOUT THE LIST - Greater San Fernando Valley-based companies ranked by revenue growth from 2008-2010. Includes SFVBJ's 2011 Fastest Growing Private Cos list for download (pdf)
Stan McClain strives for self-sufficiency at home and in business.
In Their Own Words. CEOs sound off on how they keep their companies on the “fast” track: Film Tools: Stan McClain
SERVICES: Firms offering cloud computing services are flourishing.
Business is flourishing for local companies adopting new cloud technology.
advertising: Firm seeds future by selling low-cost ad words.
SPOTLIGHT - Online advertising & SEO Companies: Seed Corn Advertising
Online: National Positions offers mobile marketing, SEO and social media services.
SPOTLIGHT - Online advertising & SEO Companies: National Positions
INternet: Business grows as others learn Google’s tricks.
SPOTLIGHT - Online advertising & SEO Companies: Bruce Clay
Growth: Firms find new opportunity in building online strategy for variety of businesses.
SPOTLIGHT - Online advertising & SEO Companies: Ad and SEO companies build their presence in the Valley
TWC Aviation goes the extra mile for its aircraft owners.
In Their Own Words. CEOs sound off on how they keep their companies on the “fast” track: TWC Aviation: Andrew Richmond
Hard work matters - in business and in horse racing.
In Their Own Words. CEOs sound off on how they keep their companies on the “fast” track: Scorpion design: Rustin Kretz
Stock activity for 50 selected greater San Fernando Valley-based public companies.
Albert Giacomazzi discusses starting his construction company as the economy turned sour, use of technology on job sites and the value of public works projects.
PROFILE: AMG & Associates President/CEO Albert Giacomazzi.
Astek Wallcovering Inc. went from distributor of wallpaper products to embracing the future of digitally-produced custom designs.
ENTREPRENEUR: Astek Wallcoverings designs and manufactures wallcoverings
fILM: Firm works to woo diverse audience and land films in theaters.
Mini-studio, The Asylum, opens its doors to outside story pitches
MARKETINg: Grandall Distributing invests $1 million in campaign to reach wider range of Hispanic consumers.
Grandall Distributing banks on an updated advertising campaign
finance: Firm catering to martial arts schools branching out with help from partners.
Local insurance company makes changes to its name and website
Harris Wood goes from employee to owner with auto parts stores.
Wood Auto Parts sees uptick in business as more trucks hit the road.
Expansion: Chatsworth firm hired 94 full-time workers, and may hire more in future.
DataDirect Networks announces new data storage products
Eliminating password, username makes site more competitive.
OfficeXpress plans to launch a new website to attract more customers
enBio duplicates business model that is sucessful in California,Western states.
enBio grows its portfolio with the addition of three Texas hospitals
Using Montage Insurance Solutions takes focus off founder, places it on team.
Capital Processing expands its clientele with the launch of new technology
EXPANSION: Encino company launches site in effort to diversify.
uSamp diversifies its operations with a new online survey site.
Tax Resolution Services CEO Michael Rozbruch isn’t out to scare.
Tax Resolution Services launches TV ads and aims to change perception of a tarnished industry.
Friday, November 18
Glendale-based IHOP, a family restaurant chain and subsidiary of DineEquity Inc., announced the opening of the first IHOP Express in San Diego’s Gas Lamp District.
Westlake Village-based TicketHitMan.com launched its traffic ticket fighting service on Thursday.
Thursday, November 17
ValueClick Media, a division of Westlake Village-based ValueClick Inc., announced the launch of Driven by ValueClick Media, a digital advertising platform designed specifically to meet the demands of automotive advertisers.
Costs associated with becoming a public company and an equity incentive program contributed to Wesco Aircraft Holdings Inc. having lower net income in the fourth quarter when compared to a year ago.
Dole Food Company, Inc. improved slightly in its third quarter earnings, citing a challenging European market as an impact on sales and revenues.
Viewers in the United Kingdom will be able to watch Warner Bros. Entertainment films through Amazon’s online streaming service following a distribution agreement signed by the two companies.
Wednesday, November 16
Galpin Aston Martin will display a limited edition coupe during the first weekend of the L.A. Auto Show.
The Glendale Galleria hosted its annual Retail Holiday Panel on Tuesday, giving consumers the inside scoop on the latest retail trends, consumer spending habits and holiday forecasts
Health Net Inc. announced that Scott Law this week has joined the company as its chief Medicare officer.
Antelope Valley Hospital in Lancaster has entered into a partnership with the USC Institute of Urology to provide robotic surgery for urologic cancers using the da Vinci Si surgical robot at AV Hospital.
Tuesday, November 15
The Ronald Reagan Presidential Foundation, a Simi Valley-based non-profit organization, and GE are now accepting applications for the 2012 GE-Reagan Foundation Scholarship Program.
The acquisition of additional discount ticket selling booths contributed to Tix Corp. posting positive results in the third quarter compared to the same period a year ago.
Image Entertainment Inc. showed little improvement in its third quarter earnings when compared to the same period a year ago.
Home sales in California increased in October but prices fell as buyers went after more affordable homes, the California Association of Realtors said Tuesday.
Monday, November 14
Fewer sales of its semiconductor testing equipment contributed to Trio-Tech International posting a net loss for the first quarter.
Calabasas-based DTS Inc. has formed a global partnership with a Korean smartphone maker to provide audio technology for the firm’s products, the Valley company announced Monday.
California State University Northridge is offering a scholarship to Marine veterans interested in pursuing a career in business.
The online division of The Walt Disney Co. has added more than 200 bloggers of family and parenting issues following its acquisition of Babble Media Inc.
Friday, November 11
The Hollywood Post Alliance presented its lifetime achievement award to Cyril Drabinsky, president and CEO of Deluxe Entertainment Services Group Inc.
Qualstar Corp., a manufacturer of automated tape storage and high efficiency power supplies, announced a 12 percent decrease in revenue and a 66 percent drop in net income for the first quarter of fiscal 2012.
Zipper and apparel fastener supplier Talon Inc. narrowed its net loss in the third quarter when compared to the same period a year ago.
Westlake Village-based Dole Food Company Inc. announced it is buying an equity stake in Healthy Foods, LLC, which makes a device that can transform fruit into a dessert that has the consistency of soft-serve ice cream.
Thursday, November 10
Low home prices and interest rates in California are making homes increasingly affordable for potential buyers, the California Association of Realtors said Thursday.
Poor box office results for some of its feature films resulted in the studio entertainment division of The Walt Disney Co. posting lower revenues for the fourth quarter when compared to the prior year.
Superior Industries International Inc. expanded its board of directors to nine members with the addition of a veteran of public company boards.
ReachLocal, a Woodland Hills-based online marketing firm, announced the launch of its European headquarters and sales office in Amsterdam, Netherlands.
Wednesday, November 9
NASA tested on Nov. 9 the J-2X engine that will power the upper stage of the agency’s next manned space vehicle for deep space missions.
Chick-fil-A got a jump start on the grand opening of its new Northridge location by giving away a year’s worth of free food.
California Lutheran University is launching a new master’s degree program in educational leadership on the Central Coast.
Antelope Valley Hospital, the 420-bed hospital in Lancaster, completed the first phase of its parking lot expansion, part of a $32 million renovation that started in June.
Tuesday, November 8
Vitesse Semiconductor Corp. signed WPG Americas Inc. as the distributor for its products in North America and South America.
Camarillo-based Semtech Corporation announced a $25,000 contribution to UCLA Hospital System in support of a new treatment center at the Ronald Reagan UCLA Medical Center for teen and young adult cancer patients.
KSL Media, an independent media company with $625 million in annual billings, announced a series of executive changes to keep pace with rapid growth.
Technicolor has released a mobile app that allows viewers access to cast and crew credits and other information on programs they are watching on television.
Monday, November 7
Glendale-based Public Storage, the largest storage operator in the world, reported lower third-quarter earnings but rising revenue and profits from core storage operations.
Seeking a more modern, highly visible location, the Glendale Chamber of Commerce will move into a new office later this month on Brand Boulevard, the organization said Monday.
A new Lancaster company providing aerial surveillance services will receive its first contract from the City of Lancaster.
Valencia company speeds up action in its amateur racing shop
Honda Performance Development building products to attract amateur racers.
Amgen Inc., the Thousand Oaks biotech giant, will buyback $5 billion of its common stock, the company announced Monday.
Pacoima non-profit MEND announced its participation in the Global Product Donation Program of Henry Schein Cares, a program created by Henry Schein Inc.
education: Students cautious about adding debt in uncertain economy.
LIST STORY: Largest University Business Programs sorted by part-time enrollment. Includes SFVBJ's 2011 Largest Valley Graduate Business School Programs list for download (pdf)
retail: Discount warehouse store first phase of Village at Westfield Topanga project.
DEVELOPMENT: Plans advance for new Woodland Hills Costco
Lists: Mainstay Clay Lacy Aviation tops List for fixed-based operators serving region.
SPECIAL REPORT: PRIVATE AVIATION: MONEY IN THE SKY. A look at the Valley’s top aviation companies. Includes SFVBJ's 2011 LARGEST VALLEY AVIATION COMPANIES list for download (pdf)
money: Lenders and advisors say borrowers must prepare their case before asking for a loan.
Getting money into the hands of business people was among the topics discussed by finance professionals at the Business Forecast Conference. Banking and Finance Column by Mark Madler
EXECUTIVE SUMMARY / PACESETTER
Ranked by number of graduates in 2011. Includes SFVBJ's 2011 Largest Valley Graduate Business School Programs list for download (pdf)
Support: Funds will be used for new supplies, training.
This is a regular feature on philanthropic activities by Valley-area business people and companies.
FROM THE NEWSROOM
Valley area small businesses and entrepreneurs are feeling pretty pessimistic about the economy. Unfortunately, they’re virtually hamstrung to improve it. Commentary by SFVBJ Editor, Jaclyn Giovis.
Carrie Nebens leads Calabasas-based Equis Staffing on fast growth track.
ENTREPRENEUR: Equis Staffing is a full-service staffing agency
Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.
Expansion: Company adds stores in Camarillo and Van Nuys to improve Valley service.
SafeLite Auto Glass prepares to open new Valley locations
Retail: Expansion plans call for as many as 15 new stores and aim to meet growing demand.
Goodwill Southern California plans to expand its retail platform
Innovation: Portable Sound Laboratories Inc. focuses future on Bluetooth devices.
Portable Sounds Labs finds success in creating devices for Apple.
MONEY: Stricter guidelines governing who gets money - and keeping cash deals flowing.
SPECIAL REPORT: PRIVATE AVIATION: MONEY IN THE SKY. Aircraft financing available but with strings attached
SPECIAL REPORT: PRIVATE AVIATION: MONEY IN THE SKY. We look at three different planes and the costs of operating them.
Stock activity for 50 selected greater San Fernando Valley-based public companies.
aircraft: Cost to purchase often prohibitive, but some new models could drive cost down.
SPECIAL REPORT: PRIVATE AVIATION: MONEY IN THE SKY. Aircraft firms discuss lower-cost aircraft and the customers they attract.
EXECUTIVE SUMMARY / THE PACESETTER
SPECIAL REPORT: PRIVATE AVIATION: MONEY IN THE SKY. Largest Aviation Companies and Largest Fixed Base Opperators, Ranked by number of passengers in 2010. Includes SFVBJ's 2011 LARGEST VALLEY AVIATION COMPANIES list for download (pdf)
funding: Los Angeles lags behind Silicon Valley, other areas for start-up venture capital.
BIOTECH: Lack of venture capital hurts Valley biotech industry
retail: Thousand Oaks mall aims to increase foot traffic, sales and offer one-stop shopping.
The Oaks mall kicks off holiday season with Midnight Madness event
entertainment: Firm launches short film about Mars rover, attracts thousands of views.
Local animation studio produces film on NASA’s mission to Mars
Manufacturing: Senior Systems turns out circuit boards, parts for equipment that cannot afford to fail.
Senior Systems gains marketshare with high-risk contracts
RETAIL: Glendale Galleria snags new anchor amid redevelopment.
Glendale Galleria announces Bloomingdales, as new anchor tenant.
Auctions: “Storage Wars” is mixed blessing for operators of storage space.
A&E’s “Storage Wars” is a hit with viewers and a miss with the industry
Apparel: Company says move is part of its growth strategy and brand revamp.
Cherokee’s new headquarters marks its next step in plan for growth
E-mails from fans convince independent publisher to make songs available.
Music industry veteran launches record label for TV tunes.
Real estate team sponsor contest for best Halloween pumpkins.
Sherman Oaks real estate team hosts a pumpkin carving contest
New design brings hands-on, interactive experience.
Disney Store introduces new concept store in Westfield Fashion Square
Annual event in Sherman Oaks screening feature films and shorts.
The Valley Film Festival is coming to Sherman Oaks.
HMO: Insurance company to roll out low cost option.
Health Net plans to roll out single-provider health insurance plan.
ECONOMY: Business owners are reluctant to hire new employees.
Valley business owners are pessimistic and reluctant to hire.
Antelope Valley Hospital was in financial distress until CEO Edward Mirzabegian led its turnaround. He talks about the hospital’s $32 million renovation project, the challenges of caring for the indig
PROFILE: Antelope Valley Hospital CEO Edward Mirzabegian.
Friday, November 4
K-Swiss Inc., the Westlake Village-based designer and developer of sports apparel and footwear, reported improved results for the third quarter, but still ended the period with a loss due to weak domestic sales.
A new solar installation at Honda Performance Development will provide power to the research and development area of the facility that makes engines and parts for professional and amateur racers.
California Lutheran University has installed two new members to its Board of Regents.
Thursday, November 3
Crown Media Holdings showed improved earnings in the third quarter when compared with the same period a year ago.
General Growth Properties Thursday announced Bloomingdales will be the newest anchor retailer at Glendale Galleria.
Wednesday, November 2
Woodland Hills-based United Online Inc. announced Wednesday it is adding a new mobile 4G wireless broadband service as its communications revenue — largely derived from dial-up Internet access — continues to decline.
ValueClick in Westlake Village, one of the world’s largest digital marketing companies, reported a 27 percent jump in revenues for the third quarter and a 5 percent increase in profitability.
Video game publisher THQ Inc. widened its net loss in the second quarter compared with the same period a year ago.
Health Net Inc., the Woodland Hills based health insurer, reported a 1 percent drop in net income for the third quarter on lower revenues of $2.8 billion, down 18 percent from $3.4 billion in the third quarter of 2010.
Assets held by California Bank & Trust dropped slightly in the third quarter when compared with the same period a year ago.
Tuesday, November 1
Warner Bros. Consumer Products and Mattel Inc. will continue their decade-long collaboration of releasing action figures based on DC Comics characters with an extension of their licensing agreement.
Calabasas-based Spotlight Ticket Management will provide an online ticket management system to a truck leasing company, Spotlight announced Tuesday.
National Coatings Corporation, manufacturer and supplier of waterproofing roofing materials, announced it launched a new website.
Slate Media Group LLC announced Tuesday it acquired to two Burbank post-production facilities.