Stories for October 2011
Monday, October 31
Dole Food Company on Tuesday will donate salad bars to two California elementary schools, marking the company’s efforts to combat childhood obesity.
The Defense Supply Center in Columbus, Ohio, has selected U.S. HealthWorks Medical Group, a leading operator of occupational healthcare and urgent care medical centers, to operate two on-site health centers for their employees.
Higher maintenance costs at its aluminum wheel manufacturing sites contributed to Superior Industries International Inc. posting lower net income in the third quarter compared to a year ago
The Disney-ABC Television Group extended its licensing agreement with Netflix to provide television shows for streaming on the Internet.
Saturday, October 29
The Village at Westfield Topanga, a proposed $450 million mixed-use project in Woodland Hills, has advanced in the city’s development process.
Friday, October 28
National Retail Federation President and CEO Matthew Shay said Friday the retail industry is playing a crucial role in the recovery of the U.S. economy and new regulations should be implemented to support the industry’s success
IPC The Hospitalist Company, Inc. of North Hollywood announced that third quarter earnings increased 7 percent to $6.5 million, or $0.38 per diluted share. Third quarter revenue increased 26 percent to $114.5 million, with same-market area net revenue up 17 percent.
Almost 3,000 job applicants showed up for the 6th annual “Honor a Hero Hire a Vet” job fair held by the Valley Economic Alliance on Thursday, held at the Warner Center Marriott Hotel in Woodland Hills.
Thursday, October 27
On Assignment Inc., the Calabasas-based provider of diversified professional staffing solutions, reported that third-quarter revenues surged 40% to $162.4 million. Earnings more than doubled to $7.8 million for the quarter ended Sept. 30 from $3.2 million for the year-ago period.
Calabasas-based PennyMac Mortgage Investment Trust earned $20.5 million in the third quarter, a 166 percent jump from the same period last year and a 24 percent increase from the previous quarter, the company reported Thursday.
San Fernando Valley small business owners are sharply more pessimistic about the fate of the local economy than they were in January, according to a new poll by BizFed, the Los Angeles County Business Federation.
The Disney Channel will be available in Russia starting next year following The Walt Disney Co.’s acquisition of a Russian television network
The Federal Aviation Administration is taking a cautious approach to regulating helicopter flights in the Los Angeles area, a San Fernando Valley lawmaker said Thursday, following a meeting on the issue in Washington, D.C.
Wednesday, October 26
The Encino-based tech company uSamp has launched a free online platform that allows small and midsized businesses to build online surveys and target questions to specific audiences, the firm said Wednesday.
ReachLocal announced it is one of the companies selected to participate in Google’s new AdWords SMB Partner Program.
The Ronald Reagan Presidential Foundation will unveil on Nov. 1 a statue of Ronald Reagan at Reagan National Airport in Washington, D.C.
A bill to reduce helicopter noise in the San Fernando Valley area will be discussed Oct. 27 at a meeting of the Aviation Subcommittee of the House Transportation and Infrastructure Committee in Washington, D.C.
Tuesday, October 25
Lower foreign box office revenues during the third quarter contributed to DreamWorks Animation SKG Inc. recording a drop in quarterly net income when compared to a year ago.
California Lutheran University, which has seen international student enrollment rise 20 percent over last year, is hosting International Education Week next month.
Post-production firm FotoKem has opened a satellite office in New Orleans to support local filming in that region.
Health care label and identification manufacturer Precision Dynamics Corp.-St. John promoted Peter Resnick to executive vice president and chief operating officer.
Monday, October 24
Jay L. Haberland has joined the board of directors of Wesco Aircraft Holdings Inc., a distributor of aircraft parts based in Valencia.
Health Net today announced the promotion of Thomas F. Carrato to president, Health Net Federal Services LLC, a part of the government contracts segment of the Woodland Hills health insurance company.
The International Myeloma Foundation announced it will host a Congressional Briefing Oct. 25 to discuss the need for continuous biomedical research in the treatment of bone marrow cancer.
September was once again a tale of two markets in the Southern California residential construction industry, as the single-family housing market remains constrained by a poor economy and tight lending standards.
jOBS: Parent company sells Mexico facility, transfers assembly, machining jobs.
ITT Aerospace kicks off hiring spree
Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.
VENTURE: Providence Health & Services and doctors form network.
Providence Health & Services partners with 500 physicians in new venture.
GROWTH: Firm buying up clinics.
U.S HealthWorks grows revenue through acquisitions.
BIOTECH: Talent available to smaller firms in Valley region.
Amgen layoffs meant to restructure R&D division.
CRN Digital Talk Radio broadcasts popular food and wine programs.
Online radio station finds name for new wine brand
Fitness studio The Bar Method combines dance conditioning, isometrics.
New fitness craze is building its presence in the Valley
manufacturing: Seesmart Inc. to grow jobs at Simi Valley plant and cut back on hiring contractors in China.
Seesmart creates jobs as it grows operations in the U.S.
FUNDING: City terminates contract with nonprofit, plans to run program on own.
City of Los Angeles and nonprofit split on small business loan program.
AVIATION: Los Angeles World Airports pulled 300-acre property off selling block.
Palmdale officials hope to gain control of Site 9 property
EXECUTIVE SUMMARY / THE PACESETTER
About the List - LARGEST VALLEY PUBLIC COMPANIES, Ranked by market capitalization. Includes the SFVBJ's Largest Valley Public Companies list for download (pdf)
EDUCATION: University aims to attract Hispanic students to study engineering.
CSUN grant aims to prepare Hispanic engineers
RETAIL: Sherman Oaks mall will get revamped food court, five new upscale tenants.
Westfield Fashion Square invests in a new look
New dealership draws in crowd of about 5,000 people with go-karts, carnival games, food booths and customized cars.
Galpin Motors opens new Subaru dealership in Santa Clarita
Douglas Trumbull recognized for multiple contributions to entertainment industry.
The Visual Effects Society honors industry veteran Douglas Trumbull
AEROSPACE: Mojave firm opens new hangar for assembling sub-orbital space vehicles.
The Spaceship Company opens $8 million hangar
DEVELOPMENT: Kinetic Brewing Co., Pour d’ Vino newest additions to corridor.
Brewery and wine bar set to open in Lancaster
Kevin and Mare Wachs built up a small retail chain selling skin and body products minus the chemicals, dyes or oils.
Earthly Body manufactures and distributes natural skin and hair products
Princess Cruises CEO Alan Buckelew discusses how he got into the cruise business, the Princess business model, and the typical passenger.
Profiles: Alan Buckelew, CEO and president of Princess Cruises
Flying: NBAA convention a draw for aviation businesses from Valley to Ventura County.
Thirty companies from the San Fernando and Santa Clarita valleys and Ventura County exhibited at the recent National Business Aviation Association convention in Las Vegas.
nonprofit: Campaign underway to raise $8.5 million to eventually buy building.
Children’s Hunger Fund moving operations to larger space
OUTLOOK: Job growth is key to improving office and industrial sectors.
Commercial Real Estate: The New Era. Valley’s commercial real estate market shifts, following investment in apartment developments.
REAL ESTATE: Some say large floors must be cut up, redeveloped to attract tenants
Local brokers say large empty office spaces hurting office recovery
Industrial: Vacancy rate, prices stay steady, but new building is a long way off.
Analysis: A look at the industrial market
FROM THE NEWSROOM
Some of the Valley’s and the world’s most well-known and prestigious public companies — Walt Disney Co., Amgen Inc., Northrop Grumman Corp. — are shedding jobs to help performance
VICA LOCAL UPDATE
Catching the local business issues that fAll through the cracks
CORPORATE: Some public companies are cutting costs, employees. A few are hiring.
LIST STORY: Local public companies feel the affects of the economic downturn. Includes the SFVBJ's Largest Valley Public Companies list for download (pdf)
art: Division of Proctor & Gamble gives $20,000 donation for “Finding Beauty” program.
GIVING: This is a regular feature on philanthropic activities by Valley-area business people and companies
Stock activity for 50 selected greater San Fernando Valley-based public companies.
MARKET: With other commercial classes struggling, industry seeks out apartments.
Contractors move to pick up multifamily dollars
Investment dollars flowing toward Valley apartment developments.
Investors put money into multifamily developments
COMMERCIAL: Workers, real estate could lose big if layoffs come to greater Valley.
Possible Bank of America layoffs concern area real esate brokers
Friday, October 21
The trauma center at Antelope Valley Hospital in Lancaster, a 420-bed hospital, has been verified as a Level II Trauma Center by the American College of Surgeons.
Chatsworth-based MRV Communications Inc. is giving its stockholders a $75 million dividend, the company announced Thursday.
Woodland Hills-based Health Net won high ratings for two of its health insurance plans from the National Committee for Quality Assurance, a private nonprofit that has helped drive health care quality improvement through measurement and accountability.
Valley Presbyterian Hospital soon will give physicians the opportunity to learn the latest in training tools and technologies by hosting a mobile cadaver lab.
Thursday, October 20
IPC The Hospitalist Company Inc. acquires five practices in several existing markets, including Florida, Maryland, Michigan, Arizona and Nevada.
California Lutheran University is offering free arts training to teachers on November 5.
AeroVironment Inc. received a $7.3 million contract from the U.S. Army to provide support services for the Puma unmanned aircraft.
Wednesday, October 19
The Cheesecake Factory saw revenues increase 2.8 percent to $430.4 million in the third quarter ended Sept. 27th, the company reported today.
Cherokee Inc., the $30 million global fashion marketer, announced today that effective December 1, 2011, it will relocate its corporate headquarters to a larger 10,000-square-foot office facility also in Van Nuys.
Biotech giant Amgen Inc. Wednesday announced it will lay off about 380 employees, including 226 from its Thousand Oaks headquarters, in a bid to restructure its research and development operations.
Meridian Property Company, a San Francisco-based developer and investor of medical office buildings, announced it has purchased a vacant Palmdale business complex and over three acres of entitled land from General Electric Capital Corp.
U.S. HealthWorks of Valencia was chosen to operate two on-site health centers for Foster Farms, a leading, family-owned poultry producer, in the Central Valley towns of Turlock and Livingston.
Video game publisher THQ Inc. launched a new website Wednesday that aims to improve how consumers buy games online
HealthGrades, the nation’s leading independent source of physician information and hospital quality ratings, recognized Providence Health & Services, which operates three hospitals in the Valley, for excellent clinical outcomes.
California State University, Northridge, has been named an outstanding business school by the Princeton Review for the fifth year in a row.
Tuesday, October 18
Time Warner Cable has purchased a roughly 7,000-square-foot office building in Thousand Oaks for$1.38 million, a local brokerage firm said Tuesday.
Superior Industries International, Inc. added to its management team with the appointment of Michael N. Bakaric to the new position of vice president, Midwest operations.
DTS, Inc., the Calabasas maker of high-definition audio technology, announced the opening of a new office in Singapore.
Facey Medical Group of Mission Hills will receive $1.09 million from Blue Shield of California, one of 18 California healthcare providers to share $20 million being awarded by the health insurer to encourage more efficient delivery of care.
Monday, October 17
Calabasas-based Spotlight Ticket Management will provide an online ticket management system to Sacramento Kings corporate suite holders, the company announced Monday
A group from the Los Angeles County Sheriff’s Department received a California On-Location Award on Sunday, Oct. 16, for its work in assisting filming in Santa Clarita.
The U.S Department of Education awarded a $20 million grant to the National Center on Deafness at California State University Northridge.
Valencia-based U.S. HealthWorks, a leading operator of occupational and urgent care centers nationwide, today announced the acquisition of 11 Nashville-area clinics operated by Tennessee Urgent Care Associates.
Friday, October 14
Service Employees International Union – United Healthcare Workers West – said it filed an unfair labor practices charge against Prime Healthcare for what the union said amounted to an “illegal firing” of a 35-year veteran of Encino Hospital Medical Center, which is owned and operated by the for-profit healthcare company.
The debut of Apple’s latest gadget, the iPhone 4S, drew a crowd of eager shoppers looking to snatch up the newest model of the popular phone released today.
West Hill Hospital & Medical Center, a 229-bed facility in West Hills, has received designation as an Approved Stroke Center (ASC) in Los Angeles County.
Video distribution site Hulu has taken itself off the market as its owners explore ways to work together to continue the success of the site.
Seeking to attract business owners as they embrace technology and use less office space, Scheu Development Company will soon open a slew of executive suites in Simi Valley.
DineEquity, Inc., parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, announced the sale of the assets of Apple Restaurants, Inc. to existing Applebee’s franchisee, Neighborhood Restaurant Partners, LLC.
Amgen, the Thousand Oaks biotech giant, expanded its board of directors to include its president and chief operating officer, the company announced Thursday.
Thursday, October 13
Burbank-based Shooka.com recently went live with its daily giveaway site.
Salem Communications Corp. will grow its Christian e-commerce business after signing an agreement with DeeperCalling Media to develop retail websites.
Wednesday, October 12
The Van Nuys Airport is using a business aviation convention as a starting point to better market itself to aircraft owners and operators.
In another sign of the health of the local multifamily market, three Valley apartment complexes have sold or are about to sell to individual investors for a total of about $7.2 million, according to the broker involved in the deals.
Westlake Village-based ValueClick Media, the ad targeting division of ValueClick Inc., announced the opening of two new offices today, one in Minneapolis, Minn., and one in Phoenix, Ariz., as part of a plan to position itself to go after large retailers such as Target and Best Buy.
MZI HealthCare of Valencia, a provider of potentially transformative healthcare solutions, today announced the launch of two new products — EZ-Analytics and EZ-Connect.
Tuesday, October 11
Sherman Oaks-based Ebyline, a startup developing an online marketplace to connect professional journalists with online publishers, has raised $5 million in a new equity funding round, according to a recent regulatory filing from the firm.
Providence Holy Cross Medical Center opened its Neonatal Intensive Care Unit Tuesday, the final piece of a $180 million expansion project.
Santa Clarita-based Princess Cruises is offering more Pacific Coast cruises along the California coastline for its 2012-2013 season.
Dole Food Company Inc. announced the acquisition of Florida-based SunnyRidge Farm Inc.
Sun Air Jets soon will begin leasing hangar space at Van Nuys Airport, a move that expands the company’s presence beyond its Ventura County base.
San Fernando Valley pilot and businessman Clay Lacy was honored Oct. 11 with the highest award from the trade group representing the business aviation industry.
Monday, October 10
Gov. Jerry Brown approved legislation requiring the state’s health insurance companies to cover behavior therapy for children with autism and autism spectrum disorder.
LAS VEGAS — Leaders from two leading business aviation industry groups say the industry is receiving mixed messages from Washington, D.C.
Local technology companies are in Amsterdam this week, showing off their Internet technologies during an international Ethernet conference.
Robert Iger will step down as chief executive officer of The Walt Disney Co. in March 2015 as part of a contract extension with the company’s board of directors.
This is a regular feature on philanthropic activities by Valley-area business people and companies.
BEAUTY: Franchise is rapidly expanding nationwide, and faces tough competition in the Valley.
European Wax Center expands its presence in the Valley.
Stock activity for 50 selected greater San Fernando Valley-based public companies.
Development: Plans for Landmark Village call for 270 homes, multi-family units, retail.
Newhall Ranch project steps closer to ground-breaking.
MANUFACTURING: Firm’s new Valencia facility is five times larger, custom-designed.
H2Scan moves to larger space in Valencia.
REAL ESTATE: Northridge Hospital Medical Center campus to be demolished, redeveloped.
Investor purchases former Northridge hospital campus in Van Nuys.
James Hillman of BNY Mellon Wealth Management talks about rich clients, military service, law school and the baseball dad network.
PROFILE Q&A: James Hillman, regional managing director of BNY Mellon
REGULATION: Advocates say behavior therapy for autistic kids should be covered.
Proposed state law requires insurers cover therapy for autistic children
So what do you know about the Ronald Reagan Presidential Library and Museum?
MUSIC: Woodland Hills firm has doubled intake of new clients and plans to continue growing.
Music programming firm moves its operations, adds new clients.
EXECUTIVE SUMMARY / THE PACESETTER
ABOUT THE LIST - Ranked by number of employees in the greater San Fernando Valley. Includes the 2011 SFV's LARGEST ADVERTISING, PUBLIC RELATIONS, MARKETING FIRMS list for download (pdf)
EXECUTIVE SUMMARY / THE PACESETTER
ABOUT THE LIST - Ranked by total square footage of meeting space. Includes the SFVBJ's Largest Valley Meeting Facilities list for download (pdf)
Internet: Online ad giant ValueClick Inc. earns No. 1 spot on this year’s List.
LIST STORY: Marketing firms adapt to a changing media environment. Includes the 2011 SFV's LARGEST ADVERTISING, PUBLIC RELATIONS, MARKETING FIRMS list for download (pdf)
VICA LOCAL UPDATE
Catching the local business issues that fall through the cracks
Media: Group pushing for better benefits, work conditions.
Entertainment: Visual Effects Society creates Bill of Rights for workers.
REAL ESTATE: Agoura Hills commercial condos are on the market, but some say they are a tough sell.
After years of planning, Agoura office condos are ready to be sold.
DEALS: Industry consolidation catches one of Valley’s oldest and largest ambulance companies.
National ambulance company buys Pacific and Bowers Ambulance.
SUSTAINABILITY: Van Nuys brewery aims to be eco-friendly.
Anheuser-Busch InBev invests $30 million in brewery improvement plan.
RETAIL: Developer planning new 240,000-square-foot shopping center.
Target may anchor proposed Westlake Village shopping center.
Burton Sperber of ValleyCrest Landscape Companies Built Strong National Reputation.
Obituary: ValleyCrest Landscape founder dies.
North Hollywood business owner now liscensed to sell used cars in Nevada.
Luck Media and Marketing’s Steve Levesque gets license to sell classic cars.
Providence Saint Joseph Medical Center receives accreditation from American College of Surgeons.
Burbank hospital recognized for breast cancer treatment center.
Sky High Sports owners open Woodland Hills facility, second in area.
Woodland Hills gets a new trampoline facility.
ENERGY: Company lands contract for large project in Nevada.
Pratt & Whitney Rocketdyne launches solar technology.
Real estate: Industrial plant may be redeveloped or leased, developer says.
Catalina Yachts headquarters poised for sale.
Sunday, October 9
Burbank firm expands with acquisition of competitor.
Entrepreneur: 3reality Technica produces 3D software and camera rigs
Friday, October 7
The Motion Picture & Television Fund has identified a potential new partner to keep its Woodland Hills nursing home and acute care hospital open following the collapse of a deal wit Providence Health and Services.
The Antelope Valley Hospital Foundation received a $24,000 grant to benefit the Forensic Services Unit (FSU) of Antelope Valley Hospital.
Yesterday, First California Bank, a subsidiary of Westlake Village-based First California Financial Group, Inc., announced the expansion of its senior management team with the addition of two new senior vice presidents and regional managers.
Thursday, October 6
Los Angeles Mission College of Sylmar was awarded $4.3 million from the Department of Education’s Hispanic-Serving Institution to establish a comprehensive Science, Technology, Engineering, and Mathematics (STEM) Center, combining academic and student support services for Hispanic students who want to study math, science and engineering.
The Valley Economic Development Center has moved its Women’s Business Center to Pacoima to be more centrally located to business owners needing its services.
Wednesday, October 5
The Glendale Galleria announced the newest additions to the management team.
The Los Angeles County Board of Supervisors tentatively approved the first phase of the mega-Newhall Ranch project Tuesday.
California State University, Northridge has received a five-year, $5.5 million grant from the U.S. Department of Education to increase underrepresented and low-income students in engineering, science and math.
The Van Nuys Airport Citizens Advisory Council gave its support Oct. 4 to two measures aimed at reducing noisy helicopters.
Tuesday, October 4
U.S. HealthWorks, the Valencia-based operator of occupational healthcare and urgent care medical centers, has acquired the Santa Rosa Walk-In Medical Center Inc. in Camarillo.
On-location filming improved across the board in the Los Angeles County area during the third quarter, with feature films making a striking comeback, according to figures released Oct. 4 by FilmL.A.
Vitesse Semiconductor updated its revenue guidance for the fourth quarter based on declining orders from the Asian market.
LED lighting manufacturer Seesmart Inc. was awarded a contract by the California Department of General Services.
A private entity managed by prominent developer Richard Weintraub has entered escrow on the former Catalina Yachts plant in Warner Center, Weintraub said.