Stories for January 2012

Tuesday, January 31

Kaiser Employees at Woodland Hills Strike Over Benefits, Staffing

More than 60 workers walked off the job this morning at Kaiser Permanente Woodland Hills medical center on De Soto Avenue, part of a statewide 24-hour strike. Officials said the walkout had little impact on operations.

Valley Presbyterian First to Implant New Heart Device

Valley Presbyterian Hospital became the first hospital to implant a new heart device that provides what its manufacturer calls painless pacing or life-saving shock therapy to stop fast or irregular heartbeats that can lead to sudden cardiac death.

Teledyne Signs Oil, Gas Exploration Agreement

The oil and gas division of Teledyne Technologies Inc. has received an agreement to provide products and services to support the offshore oil and gas business of FMC Technologies.

Monday, January 30

Hospital Receives Grant for Stroke Center

Valley Presbyterian Hospital’s Stroke Center received a $30,000 grant from the S. Mark Taper Foundation.

Solar-Powered Car Heading to Camarillo

The U.S. leg of an around the world trip by a solar-powered car will include a stop at SolarWorld in Camarillo, a sponsor of the car.

Local Ad Agency Partners with Jewlery Catalog

Power Media Group, a Santa Clarita-based advertising and public relations agency, has signed on to manage the Hispanic marketing campaign of Liana’s Coleccion, a Los Angeles jewelry catalog.

La Crescenta IT Supplier Acquires Pasadena Firm

La Crescenta-based BIS Computer Solutions Inc. has acquired a Pasadena firm that provides technology solutions to small- to medium- sized businesses for an undisclosed price, the company said Monday.

Friday, January 27

Health Net Hits 52-Week High

The stock of Woodland Hills-based Health Net hit a 52-week high today, closing at $37.38, above its previous 52-week high of $36.37 Average volume has been 821,600 shares over the past 30 days.

KCLU Wins Six Golden Mike Awards

KCLU, a radio station based out of California Lutheran University in Thousand Oaks, was honored with six Golden Mike Awards by Radio & Television News Association of Southern California.

VES Elects Board Officers

The board of directors the Visual Effects Society re-elected a veteran effects artist as its chairman in its Jan. 26 election of board officers.

Valley Presbyterian Hospital Physicians Honored as "Super Doctors"

Thirty-six physicians who provide care to patients at Valley Presbyterian Hospital were named 2012 Southern California Super Doctors in the January issue of Los Angeles Magazine.

Thursday, January 26

Amgen Agrees to Buy Biotech Company, Announces Declining Profit, Rising Sales

In an effort to beef up its oncology offerings, Amgen Inc. has agreed to purchase a Maryland-based biotech company that focuses on cancer cures for $1.16 billion.

Walmart Makes Plans for Camarillo

National retail chain Walmart is making moves to set up a Walmart Express store in Camarillo, city officials confirmed.

NAI Global Acquired By Texas-based Real Estate Firm

Texas-based real estate investment firm C-III Capital Partners LLC has acquired NAI Global for an undisclosed price.

Teledyne Earnings Flat in Q4

Net income stayed flat in the fourth quarter at instrumentation and digital imaging provider Teledyne Technologies Inc.

Kimura Enterprise Signs Lease On Encino Property

Kimura Enterprise Inc. signed a new 10-year lease on a 2,486-square-foot property on the Boulevard in Encino, according to brokers representing the landlords

Wednesday, January 25

THQ Says Goodbye to Children’s Console Games

Video game publisher THQ Inc. is exiting the licensed children’s console game business to streamline its strategy to concentrate on core game franchises and digital distribution.

SpotlightTMS Extends Contract with

Spotlight Ticket Management Inc., a Calabasas-based provider of ticket-management services, signed a multi-year contract extension with website

Sport Chalet CEO Elected to NRF Board of Directors

Craig Levra, president and CEO of La Canada-based sporting goods retailer Sport Chalet Inc. was elected to serve on the National Retail Federation’s Board of Directors.

Motion Picture and Television Fund to Begin Re-Admitting Industry Members to Woodland Hills Facility

The Motion Picture and Television Fund (MPTF) announced today that it will immediately begin admitting additional industry members to the long-term care unit on its Wasserman campus in Woodland Hills.

Tuesday, January 24

Cornerstone Renews Large Lease in Sylmar

Cornerstone Records Management LLC signed a 5-year lease renewal at Valley Gateway Business Park in Sylmar, according to a brokerage firm involved in the deal. Sales Grow 27 Percent in 2011, a West Hills-based online sporting goods retailer, ended 2011 on a high note, announcing a 27 percent increase in overall sales growth.

DreamWorks Animation Names New Development Chief

A senior production and development executive has been named as the head of development for DreamWorks Animation SKG Inc.

U.S. HealthWorks Adds Pacific Walk-in Clinic in Washington

U.S. HealthWorks, a national operators of occupational healthcare and urgent care centers based in Valencia, today announced the acquisition of the Pacific Walk-In Clinic in Lacey, Wash.

Monday, January 23

IPC Shares Dealt Blow

HEALTH: Hospitalist company's growth slows.

Hospitalist company's growth slows.

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MRV Communications Interim CEO, VP of Finance to Step Down

In the latest management shakeup at Chatsworth-based MRV Communications Inc., the company announced Monday that its interim chief executive and vice president of finance will step down from their positions.

JP Morgan Chase To Open Four Valley Branches, Hire Up to 70 Employees

JPMorgan Chase & Co. is opening four new offices in the San Fernando Valley this year and hiring 65 to 70 new employees to staff them, the bank announced today

Studio City Apartment Building Sells For More Than $7 million

A 41-unit apartment building in Studio City has been sold to a private investor for $7.2 million, according to the brokerage firm involved in the deal.

Valley Establishments Get "Diamond" Rating

The Automobile Club of Southern California announced four San Fernando Valley hotels and three restaurants have earned the 2012 AAA Four Diamond Award.

Apartments to Benefit Young Adults in Foster Care

Build: Penny Lane Centers development group opening housing in East Valley.

Penny Lane to break ground on supportive housing projects

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NBC4 Boss Shoots for No. 1

TV: Company invests millions to grow staff, equipment.

New KNBC president oversees investment to improve news operation

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Valley Firms Partner on TV Show

Engineers and inventors to push boundaries of creativity for Discovery Channel show.

Two Valley companies team up to create competition show for Discovery Channel

New Tower Opens for Patients

Glendale Adventist Cardiac ICU, orthopedic unit part of $17 million final phase.

Glendale Adventist finishes the final phase of its facility development.

Lincoln Takes on Zombies in Asylum Film

Filming begins this month in Georgia on new production by independent Burbank studio.

The Asylum’s new film portrays Abraham Lincoln as a zombie hunter

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Jewelry Collection Turns Heads

Sherman Oaks store selling men’s jewelry line of rings, pendants.

No Roses Gallery, launches bold new jewelry collection for men.

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For 22nd Year, Top Selling Title Goes to Galpin

North Hills Ford dealership sells 6,600 new cars in 2011; Mazda and Lincoln are top sellers in California.

Galpin Ford retains its title as the largest Ford dealership in the world

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Defending the Line

Defense: Valley area firms brace for word on F-35.

Northrop accelerates use of new Palmdale assembly line

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Health Net Seeks Earnings Boost With Drug Plan Sale

Finance: Move applauded by investors as way for firm to get back to core business.

Insurance: Health Net sells prescription drug business in $160 million deal

Burbank Firm Testing New Technology For Seniors

Products: Games, phones, and medication reminders find audience with aging population.

Front Porch, aims to be the testing ground for technologies for the elderly

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Small Business Loans Set Pacoima Credit Union Apart

Lending: High growth puts institution on national top 10 list of fastest growing credit unions.

Pacoima credit union lands on list of fastest growing credit unions

Flying High

Jeff Klee offers inexpensive tickets through

ENTREPRENEUR: offers consumers discounted airfare.

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Valley Mediation Business Picking up Steam

Growth: Clogged court system helps fuel opportunity for Valley area mediators.

SPECIAL REPORT: LAW - MEDIATION: We spotlight the Valley’s mediation business and the people who make it tick.

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Armand Arabian

Former Judge Snags Opportunity in the Private Sector

SPECIAL REPORT: LAW - Armand Arabian, President, ARMS Providers Inc.

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Myer Sankary

Mediator Calls on Life Experiences, Psychology to Settle Cases

SPECIAL REPORT: LAW - Myer Sankary, Principal Owner, Advanced Mediation Services

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Diana Sparagna

Mediator Helps Clients Form Solutions, Aims to Inspire Peace

SPECIAL REPORT: LAW - Diana Sparagna, Founder, Resolutions Solutions

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Christopher M. Welch

Mediator Offers Free and Affordable Services to Community

SPECIAL REPORT: LAW - Christopher M. Welch, Director, Center for Conflict Resolution

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Encino Law Firm Rises to Top for Ninth Straight Year

LIST: Michelman & Robinson, LLP has 54 attorneys in Valley region and keeps hiring.

LIST STORY - LARGEST LAW FIRMS: List of firms by key practice areas, number of attorneys, number of employees. Includes SFVBJ's 2012 LARGEST LAW Firms lists for download (pdf)

The Studio Master

Jon Gilbert keeps Warner Bros. Studios vital for the entertainment industry.

PROFILE: Jon Gilbert, president of Warner Bros. Studios Facilities.

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Whistleblower Law, FBI Probe Cloud Contract Talks

Hospital: Solutions needed not press releases as Encino and SEIU negotiate a new deal.

HEALTHCARE Column by Judy Temes. Encino Hospital Medical Center management is trying to negotiate a new 3-year contract with the hospital union.

Office Tower Deal Introduces East Coast Firm to Valley

Space: Normandy Real Estate Partners look to add more Los Angeles properties.

Real Estate Column by Andrew Khouri. East Coast firm looking to add more L.A properties to portfolio

Single Father Receives $7,000 Grant for Expenses

Donate: Extended Family gives check to first member of Valley Boys and Girls Club.

Giving: First member of West Valley Boys & Girls Club gets $7,000 grant

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Adult Entertainment Industry Objects to Condom Law

Regulate: Ordinance calls for a working group to draw up an enforcement policy.

Entertainment Column by Mark Madler. City votes to require condoms on adult film sets

AROUND THE VALLEYS - January 23, 2012

News and notes from around the greater San Fernando Valley area

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VALLEY STOCK WATCH - January 23, 2012

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

Business Investment With Results Key to Better Community


Glendale Adventist Medical Center. Commentary by SFVBJ Editor, Jaclyn Giovis

Redevelopment Uncertainty Hurts Area Economy


Catching the local business issues that fall through the cracks

VALLEY BIZ SEEN - January 23, 2012

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

Scrumptious Scoops

L.A. Creamery Plans Middle East Expansion and Eyes Vegas Strip.

L.A. Creamery is eyeing sweet opportunity overseas and domestically

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Bill Gates Buys Sun Valley Firm

DEAL: NMA Group sells business to Corbis for undisclosed amount.

Marketing firm, NMA Group bought by Bill Gates-owned Corbis

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Thursday, January 19

ValueClick's Mobile Ad Unit to Hire, Open New Offices

Greystripe, a division of ValueClick Inc. of Westlake Village, today announced expansion and hiring plans that will include new offices and nine new executive hires.

VEDC Building Center for Job Creation

The Valley Economic Development Center will construct this year a facility in the northeast San Fernando Valley for workforce training.

Restaurateur Launches Email Marketing Firm

RedCappi joined the slew of digital marketing firms based in the San Fernando Valley targeting small businesses.

CSUN Math Prof to Lead Association for Women in Mathematics

California State University, Northridge mathematics professor Magnhild Lien has been named executive director of the Association for Women in Mathematics (AWM). She assumed the post the first of this month.

Wednesday, January 18

Satellite Launch First 2012 Mission for Pratt & Whitney Rocketdyne

The newest rocket engine built by Pratt & Whitney Rocketdyne will power the Jan. 19 launch of a Delta IV rocket carrying a military satellite as its payload.

ValueClick Media Launches GoVote

Just in time for the presidential election, ValueClick Media today announced the launch of GoVote, an advertising product aimed at political marketers.

Guitar Center Holds Annual Drum-Off at Club Nokia

Guitar Center, a Westlake Village-based musical instrument retailer, held its annual Guitar Center Drum-Off Grand Finals at Club Nokia in Los Angeles on Jan. 14.

Auto Supply Firm Signs Distribution Agreements

Automotive aftermarket supplier Fuel Doctor Holdings Inc. has signed distribution agreements for its fuel efficiency booster in China and South America.

Charles Dunn Adds Top Broker to Glendale Office in Bid To Increase Tenant Representation

Rene Soto, a 15-year real estate industry veteran, has joined Charles Dunn Company as a senior managing director in the brokerage firm’s Glendale office.

Tuesday, January 17

Princess Owner’s Shares Fall on Concordia News

Shares of Carnival Corp., owner of Santa Clarita-based Princess Cruises, took a hit on Tuesday in active trading, falling $4.69 a share to $29.60 as Wall Street speculated whether the Costa Concordia disaster off the coast of Italy would put a damper on the cruising sales in coming months.

Well-Known Dermatologist Announces Personal Appearance at Local Nordstrom

Dr. Zein Obagi, Beverly Hills dermatologist and founder of ZO Skin Health products, will make a personal appearance for one-on-one consultations at Nordstrom Topanga shopping center in Canoga Park on Jan. 28.

Lewitt Hackman Named a Top Law Firm

Encino-based Lewitt, Hackman, Shapiro, Marshall & Harlan has been named a top-ranked U.S. law firm by Fortune Magazine.

Cinedigm Digital Assists in Digital Rollout in Australia

Cinedigm Digital Cinema Corp. will provide support services for independent cinemas in Australia and New Zealand.

Pepperdine Business School Partners with Dun & Bradstreet Credibility

Pepperdine University’s Graziadio School of Business and Management is partnering with Dun & Bradstreet Credibility Corp. to develop research on the national economy and to create a national index to measure demand for and access to private capital by small and medium sized businesses.

Monday, January 16

HealthWorks Hires New Finance Executive

Valencia-based U.S. HealthWorks, a national operator of occupational healthcare and urgent care centers, announced the appointment of Patricia Mahony as national vice president of revenue management.

BioSolar Readies for Manufacturing of Solar Panel Parts

BioSolar Inc. is looking for manufacturers to make its backsheets, a component used on solar panels.

Local Marketing Firm Unveils New Virtual Dressing Room

Calabasas-based FaceCake Marketing Technologies Inc. will showcase Swivel, a 3-D virtual dressing room, at the National Retail Federation’s 101st Annual Convention & EXPO in New York City this week.

Friday, January 13

Providence Health & Services’ Physician Alliance Draws Significant Interest

Nearly 670 physicians representing a wide array of specialties have joined the new Providence Partners for Health, an alliance between area doctors and Providence Health & Services aimed at improving quality and controlling healthcare costs in the Valley region.

Home Depot Prepares to Hire More than 2,000 Los Angeles Workers

The Home Depot, the Atlanta-based home-improvement retailer, kicked off the hiring process for its spring season, aiming to fill more than 70,000 seasonal positions, 2,000 of which will be for the greater Los Angeles region.

California Republic Bank Opens Westlake Village Branch

California Republic Bank opened its new branch in Westlake Village on Jan. 12, its first location in the greater San Fernando Valley area.

60 New Beds at Glendale Adventist Medical Center to Open

Glendale Adventist Medical Center received approval from state licensing authorities on Jan. 12 to open 60 new beds..

Thursday, January 12

U.S. HealthWorks Acquires Two New Jersey Medical Centers

U.S. HealthWorks of Valencia, a leading operator of occupational health care centers nationwide, today announced the acquisition of Priority Medical Care, operator of two medical clinics in New Jersey.

Fruit Bar Maker Partners With Whole Foods and Virgin Atlantic

Van Nuys-based start-up, That’s it., is going national with its premier product, That’s it. fruit bars, thanks to a new partnership with Whole Foods Supermarket and Virgin Atlantic.

Kahn Media Adds B&M Racing, Hurst Shifters as Clients

KahnMedia has been chosen by B&M Automotive Group to handle public relations and communications duties.

Wednesday, January 11

Health Net and UCLA Expand Social Media Program

Health Net Inc. of Woodland Hills and the UCLA School of Public Health today announced the national expansion of their health literacy social media program, T2X.

Biofuel Company Receives Approval to Begin Testing

Cool Planet BioFuels will begin testing of its biomass-based fuel in California following approval from the California Air Resources Board.

Charter Firm Opens Office in Hong Kong

Private jet charter firm ANJET has opened an office in Hong Kong to serve the rising demand for private aviation in Asia.

L.A. City Council Passes Ordinance Requiring Condom Use for Adult Filming Permits

The Los Angeles City Council adopted on Jan. 10 an ordinance that requires adult film performers to use condoms during film shoots receiving a city permit.

Kaiser Permanente Opens New OB/GYN Department

Kaiser Permanente Antelope Valley celebrated the grand opening of the newly expanded 10,500-square-foot Obstetrics/Gynecology department today.

Tuesday, January 10

On Assignment Rebrands Clinical Research Division

On Assignment, Inc. a Calabasas-based professional staffing firm, announced the rebranding of its U.S clinical research division under the name Valesta Clinical Research Solutions.

Last year breaks record for filming in Santa Clarita

Filming in Santa Clarita boomed last year. The Santa Clarita Valley Film Office recorded 901 film days and 359 film permits in 2011, the largest tally since the office was created in 2002. Location filming provided a $19.36 million boost to the local economy, a 7 percent jump from 2010, according to a news release announcing the figures.

Growth Lands Pacoima Lender on National Credit Union List

Pacoima Developments Federal Credit Union was among the top 10 national credit unions based on five-year loan growth in a list compiled by the Credit Union National Association.

Production Firm Makes Executive Appointments

Post-production house My Eye Media in Burbank has added to its senior-level executive roster with two new appointments

Monday, January 9

MRV Interim Chairman To Step Down

Chatsworth-based MRV Communications Inc. said Monday that its interim chairman will step down effective Friday.

“Potter,” “Transformers,” and “Tintin” Lead VES Awards Nominations

“Harry Potter and the Deathly Hallows – Part 2” and “Transformers: Dark of the Moon” led the pack in nominations for live action feature film with five each for the 10th Annual Visual Effects Society Awards.

Munchkin Unveils New Spanish Website

Munchkin Inc, a North Hills-based manufacturer of infant and baby products, launched its new Spanish website, which offers a new interface and interactive features for Hispanic parents.

American Ending Burbank Service

American Airlines will stop its four daily flights between Bob Hope Airport in Burbank and Dallas-Ft. Worth in early February.

Health Net to Sell Medicare Stand-Alone Prescription Drug Plan Business to CVS Caremark for Approximately $160 Million

Health Net Inc. of Woodland Hills has agreed to sell its Medicare Prescription Drug Plan (Medicare PDP) for about $160 million in cash, the company announced today.

Corbis to Buy Product Placement Firm NMA Group

Norm Marshall & Associates (NMA Group), the Sun Valley firm known for its creative placement of products in movies and popular television shows, is being acquired by Corbis, the digital media licensing firm owned by Microsoft founder Bill Gates.

A Look Back and Forward for Industry Sectors

Expect growth in online advertising, innovation in aerospace and new retail projects this year.

SPECIAL REPORT – Economic Outlook. Top events from 2011 in various industries, and expectations for 2012

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Makeup for the Masses

Beauty: Classic Cosmetics offering products to small businesses and entrepreneurs through a new website.

BEAUTY: Classic Cosmetics expands business through new online venture

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New Laws Address Credit Reports, Gender Identity

legal: Changes look to increase and create new fees collected by the state.

LEGISlation: We review legislation impacting businesses.

New Building At Woodbury To House University’s Digital Media Program

School’s grads operate construction company.

Education: New building at Woodbury University to house digital media program

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Theater Adds to Lively NoHo Arts District

Laemmle movie house is first in chain to have all stadium seats and digital projection of films.

Entertainment: New Laemmle movie theater opens in North Hollywood

2011 The Year in Review

IMAGES: Colorful Characters

The Year in Pictures: We recap the year with some of our best photos

Charter Firm Pours on Elite Appeal with Wine

Malibu Rocky Oaks Estate Vineyards bottles private label wines.

AVIATION: Aircraft charter firm Elite Aviation serves up its own branded wine

Starbucks Brews Fund to Help Small Business Thrive

finance: VEDC receives grant from money donated at coffee chain’s stores.

banking & finance: Starbucks donation program helps local businesses


News and notes from around the greater San Fernando Valley area

Hospital Staff Donates Gifts to Marine Toys for Tots

donate: Antelope Valley Hospital doubled collection to include bicycles and helmets.

GIVING: This is a regular feature on philanthropic activities by Valley-area business people and companies. Antelope Valley Hospital donates to Toys for Tots program

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Groceries Play Star Role in Game Studio’s First Title

Mobile game “Bag It” targets casual gamers who don’t want the investment of expensive at-home consoles.

Game developer creates a new mobile game based on grocery shopping

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Hospitals Follow Different Paths of Nursing Education

School: Providence sets $1 million goal for degrees.

Health Care Column: Hospitals move to advance education level of nurses

Smart Display

Burbank Firm Eyes Opportunity in Smart Meters

TECHNOLOGY: Ceiva Logic attempts to take the market for smart meters.

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Metro Property in Limbo After Project Falls Through

MEDIA: NBCUniversal to build in another location.

REAL ESTATE column: Beverly Hills real estate firm acquires local office building

Heritage to Test-Run New Care Model

HEALTH: Northridge group chosen for CMS pilot.

Health Care: Heritage Provider Network pilots new health care program.

Goodbye to Valley Development Funds

BUDGET: Millions to help economy lost, officials say.

Redevelopment: City officials fear the imminent shutter of redevelopment agencies.

VALLEY STOCK WATCH - January 9, 2012

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

Battery Cell Manufacturer to Open Santa Clarita Plant

EXPANSION: Quallion builds products for satellites.

Manufacturing: Quallion’s new facility accommodates expanding business.

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VALLEY BIZ SEEN - January 9, 2012

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

Economic Uncertainty Shouldn’t Dampen Optimism in 2012


FROM THE NEWSROOM: Commentary by SFVBJ Editor, Jaclyn Giovis

Shuttered Burbank Hotspot Nabs New Baja-Style Tenant

Dining: Casa Cabo to mix modern and classic Hollywood, offer food and live music.

Restaurant: Casa Cabo set to occupy legendary Chadney’s space in Burbank.

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Is There A Union In Your Company's Future?


EMPLOYMENT LAW Column by Richard Rosenberg

AMS Fulfillment Shaves Vacancy Rate with Leases

Space: Industrial real estate market gets boost as company moves into eight buildings.

Real Estate: AMS Fulfillment helped real estate market by leasing eight buildings last year

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Hot Pockets Not So Hot as Nestlé USA Cuts Jobs

FOOD: Layoffs, Hispanic marketing campaign aim to keep company competitive.

Nestle USA lays off 103 local workers as frozen food business declines

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Provision 3D Displays Aim to Grab Shopper Attention

Marketing: Chatsworth company on forefront of 3D advertising movement.

MEDIA: Provision Holdings launches 3D displays in two major retail chains

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The Factory Man

David Overton turned a family cheesecake recipe into a global restaurant chain.

PROFILE: David Overton, CEO and President of Cheesecake Factory

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Hotel Connections

Gary Patrick and Steve Dobbe were late entrants in the Internet provider market but found themselves a profitable niche - casinos.

ENTREPRENEUR: Hotel Internet Services outfit hotels with Wi-Fi access

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Careful Planning Drives Demand for Wealth Advisors

invest: Real estate seen as good investment as banks hold off on making loans.

New opportunities and new clients increase assets at money management firms. Includes SFVBJ's 2012 LARGEST MONEY MANAGEMENT Firms list for download (pdf)

THE LIST - Largest Money Management Firms


10 Largest Wealth Management firms, Ranked by total assets managed in 2011. Includes SFVBJ's 2012 LARGEST MONEY MANAGEMENT Firms list for download (pdf)

Princess Clamps Down on Smoking on Cruise Ships

travel: Santa Clarita cruise line responding to changes in customer preferences.

travel: Princess Cruises curbs smoking on cruise ships

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Friday, January 6

Guitar Center Announces Its New Public Relations Firm

Westlake Village-based Guitar Center announced its selection of FILTER Creative Public Relations (FC-PR) to handle its public relations and marketing operations, effective Jan. 1.

Warner Bros. Pictures Exceeds $4 Billion Global Box Office Receipts

The Warner Bros. Pictures Group brought in $1.8 billion in domestic box office receipts in 2011 from a slate of films led by “Harry Potter and the Deathly Hallows – Part 2.”

IPC The Hospitalist Company Announces Estimated 2011 Results

IPC The Hospitalist Company, Inc., the leading North Hollywood-based national hospitalist group, today announced that unaudited year-end net revenues and earnings per share will come in slightly below pervious guidance due in part to “softness in patient volumes” and higher than expected start-up costs.

Glendale Adventist Medical Center to Celebrate the Opening of its West Tower on Monday

Glendale Adventist Medical Center is celebrating the opening of its West Tower on Monday.

Thursday, January 5

Testronic to Test Wireless Recharging System

Testronic Labs has been chosen by the Wireless Power Consortium as the testing center for a wireless recharging system for mobile devices.

Momentous Insurance Launches Equine Specialty Practice

Momentous Insurance Brokerage of Van Nuys is launching a new Equine Specialty Practice, providing insurance to private horse owners and those with horse-related businesses, the firm announced today.

Cal Lutheran Hosts Film Screening on Financial Crisis

This month Thousand Oaks-based California Lutheran University will host a screening of a documentary on the cause of the financial crisis.

Wednesday, January 4

Local Chef and Restaurant Owner Releases eCookbooks

Fabio Viviani, celebrity chef and owner of two Valley Italian restaurants announced the release of 12 eCookbooks, which will be distributed each month throughout the year.

U.S. District Court Issues Medi-Cal Ruling

California cannot cut Medi-Cal reimbursements to hospitals and pharmacies by 10 percent as planned, according to a U.S. District Court ruling.

Princess Cruises Launches New Blog about Cruising

Following the success of its award-winning blog, “50 Essential Experiences,” Princess Cruises of Santa Clarita launched a new blog today called “Inspired to Cruise: A Year of Reasons to Get Away From the Everyday.”

MetroStudios Project Cancelled

A planned office and studio development between NBC Universal and Thomas Properties Group Inc. has been dropped as too costly and not fitting the needs of the entertainment company.

National Technical Secures Supply Chain Contract

Testing and engineering services firm National Technical Systems received a $500,000 contract from an aerospace and defense company doing work at a military base in Virginia.

Chef and Restaurant Owner Releases eCookbook Series

Fabio Viviani, celebrity chef and owner of two Valley Italian restaurants announced the release of 12 eCookbooks, which will be distributed each month throughout the year.

Tuesday, January 3

Providence Health & Services, Southern California Establishes Nursing Institute

Providence Health & Services, with three hospitals in the Valley and more than 3,500 nurses in its Los Angeles-area hospitals and health care centers, is creating a Nursing Institute to advance quality patient care through professional development, education, technology and research, the hospital announced.

LTC Properties Increases Its Monthly Dividend

Westlake Village-based LTC Properties Inc. has increased its monthly cash dividend on its common stock by roughly 3.6 percent for the current quarter, the company said Tuesday.

Nestle USA Division Lays Off 103 Chatsworth Employees

Nestlé USA plans to layoff 103 Chatsworth employees of its Prepared Foods Division, effective Feb. 1.

On-Location Filming Tracks Positive in 2011

On-location feature film and television production dropped in the fourth quarter in the city and county of Los Angeles and other local jurisdictions, according to figures released by FilmL.A., the nonprofit organization that coordinates the filming.