Valley Business Interests Oppose Airport Curfew
Business and aviation interests in the San Fernando Valley are organizing their response to legislation proposed by two federal lawmakers for mandatory curfews at Van Nuys and Burbank Bob Hope airports.
Wesco Secondary Offering Sells Out
Underwriters are exercising an option to purchase an additional 2.25 million shares in Wesco Aircraft Holdings Inc. in a secondary offering from the company’s largest shareholder, the Carlyle Group.
Carlyle Expands Wesco Purchase Plan
Underwriters are exercising an option to purchase an additional 2.25 million shares in Wesco Aircraft Holdings Inc. in a secondary offering from the company’s largest shareholder, the Carlyle Group.
DTS Signs Deal With Chinese Car Maker
DTS Inc. will supply surround-sound technology for four models of vehicles made by Chinese auto manufacturer BYD Co. Ltd.
Airport Curfew Law Reintroduced
Two San Fernando Valley lawmakers have reintroduced a bill on Wednesday to allow Van Nuys Airport and Burbank Bob Hope Airport to adopt mandatory nighttime curfews on flights.
Ontic to Supply Curtiss-Wright Parts
Local aerospace supplier Ontic has signed a licensing agreement with Curtiss-Wright Controls Integrated Sensing to supply parts for cockpit controls used on commercial, business and military aircraft
Carlyle Selling Shares of Wesco Aircraft
Carlyle Group, the largest investor in Wesco Aircraft Holdings Inc., is selling off a portion of its holding through a public offering of 15 million shares of common stock.
Burbank, Glendale Receive AAA Credit Ratings
A strong local economy and steady tax base growth contributed to the cities of Burbank and Glendale receiving an AAA credit rating from Standard & Poor’s Rating Service.
Wesco Receives Airbus Supply Contract
Aerospace parts supplier Wesco Aircraft Holdings Inc. announced Thursday it has received a contract to supply European aircraft manufacturer Airbus SAS.
Digital Revolution Prompts Warner Bros. Management Changes
Warner Bros. has shuffled its top management in what it calls a “strategic realignment” prompted by the “digital revolution” in media and entertainment.
Bank Merger Gets Final Approval
First California Financial Group has received final approval from federal regulators for its merger with PacWest Bancorp.
Burbank Airport Signs UCLA Marketing Agreement
Burbank's Bob Hope Airport will be marketing itself to Bruin fans and Rose Bowl spectators under a three-year agreement that began Wednesday.
Earnings Roundup: Qualstar, Trio-Tech
Qualstar Corp. misses earnings’ estimates. Mixed results for Trio-Tech International Inc.
Teledyne Dalsa Buys Semiconductor Company
A Canadian subsidiary of Teledyne Technologies Inc. has acquired a Dutch semiconductor company that makes high-performance integrated circuits for use in image-sensor and camera products.
Local Airport Towers to Remain Open
Control towers at airports in Pacoima and Lancaster will remain open through the summer after emergency legislation passed by Congress restored some funds to the Department of Transportation.
Profits Slide at Interlink
Profits fell despite rising first-quarter revenue at Interlink Electronics Inc., a maker of sensor technology for touchpads, hand-held devices and other applications
Will Voters Put a Lid on Pot Shops?
After a few extreme policy shifts on the regulation of pot shops, the City of Los Angeles has turned the question over to voters.
Cannes-Do Attitude On Tax Credits
Financial services firm missing the red carpet at French film festival.
FINANCE: Why are tax-credit accountants from Burbank attending the Cannes Film Festival?
L.A. Mayor’s Race Lacks Adrenaline
Politics: Garcetti, Greuel match draws mixed business interest.
POLITICS: Business leaders consider both candidates in the L.A. mayoral election.
Owner Hits Off Switch at Van Nuys Lighting Plant
Manufacturing: Cooper moving operations to Denver, laying off 69.
MANUFACTURING: Cooper Lighting will close its Van Nuys plant and lay off nearly 70 workers.
Ventura County Passes Condom Law for Adult Films
The Ventura County Board of Supervisors joined the growing pattern of passing a law requiring condoms in adult films.
L.A. Auto Show Selects Valley PR Firm
Woodland Hills public relations firm JMPR Public Relations has been hired to handle media relations and communications for the Los Angeles Auto Show.
Merex to Distribute Parts from Ohio Manufacturer
Aerospace service provider Merex Group will begin distributing aircraft parts made by an Ohio manufacturer used on legacy military aircraft.
DTS Beats Revenue Estimates
Home entertainment audio technology developer DTS Inc. beat analyst estimates on revenue for the first quarter but fell short on earnings per share.
L.A. Still to Vote on Pot Shops
A California Supreme Court decision allowing cities to ban medical marijuana dispensaries should not impact ballot measures going before Los Angeles voters May 21 to regulate dispensaries in the city.
National Technical Systems to Cut Workforce
National Technical Systems Inc. will lay off an unspecified number of its employees as it centralizes administrative functions and shares resources.
Superior Reports Lower Profits
Aluminum wheel maker Superior Industries International Inc. reported slowing profits in the first quarter, but still met analysts’ earnings targets.
Crown Media Gains on Advertising
Rising advertising boosted results for Crown Media Holdings Inc. in the first quarter, the company reported Thursday.
Profit, Revenue Falls for Tix Corp.
Closure of two discount ticket-booth locations contributed to lower first quarter earnings for Tix Corp., the company reported Thursday.
DreamWorks Buys YouTube Teen Network
DreamWorks Animation SKG Inc. has acquired a YouTube network for teens in a deal with a potential value of more than $100 million.
Airline Begins Bob Hope Airport Service
SeaPort Airlines Inc. began service on Wednesday between Bob Hope Airport in Burbank and the Imperial Valley.
Domestic Sales Propel Wesco Earnings
Wesco Aircraft Holdings Inc. beat analysts’ profit and revenue estimates in the fiscal second quarter, helped by strong domestic sales.
SpaceShipTwo Flies in First Rocket Engine Test
Virgin Galactic completed on Monday the first rocket-powered flight of its sub-orbital space vehicle SpaceShipTwo at the Mojave Air & Space Port.
Medical Office Deals Give Shot in Arm to High Desert Market
Leasing and new construction of medical office space is helping to toss off sluggishness in the office and industrial real estate markets in the Antelope Valley.
Valley Banker Spearheads Regulatory Reform Fight
Lobbying: Gurney named president of association for independent banks.
Advocating for regulations tailored for the community banking industry will be the chief responsibility of Tamara Gurney as she takes on a year-long term as president of California Independent Bankers.
Victory Claimed By Whisker
Puppy Bowl-styled competition to let kittens out of bag.
MEDIA: Hallmark Channel goes to the kitties with its new Kitten Bowl.
Battery Maker Charging Up Antelope Valley
Transportation: Chinese battery and vehicle maker BYD Co. Ltd. will use its new Lancaster properties to develop electric buses for area transit systems.
National Technical Assisting in Nuclear Detection Project
Sandia National Laboratories has extended a contract with National Technical Systems Inc. to assist in developing a program to monitor nuclear emissions using drones.
Physicians Group IPC the Hospitalist Beats Estimate for Q1
IPC The Hospitalist Company Inc. beat analyst estimates on revenue and earnings per share for the first quarter.
Ryland Tops Estimates on New Home Orders
Residential homebuilder Ryland Group Inc. beat Wall Street forecasts of revenue and earnings per share for the first quarter, the company said Wednesday.
County Supervisors Give OK to NBCUniversal Expansion
NBCUniversal will begin construction this summer on the first phase of a $1.6 billion expansion at Universal Studios Hollywood and the studio lot.
THQ Completes Sale of Assets
Bankrupt video game publisher THQ Inc. will receive $6.55 million from the sale of its remaining game titles and licensed software.
Santa Clarita Annexes First Movie Ranches
The city of Santa Clarita has annexed into its boundaries three movie ranches that will be included in a new planning zone for movie ranches.
Merex Acquires Aerospace Maintenance Provider
Camarillo aerospace logistics company Merex Holding Corp. has acquired ALCO Services Inc., a provider of maintenance, repair and overhaul services for older aircraft.
AHF to Intervene in Condom Law Litigation
The Valley’s porn industry took another hit this week when a federal judge agreed to give the AIDS Healthcare Foundation standing in a federal lawsuit brought by the industry against the law requiring condoms use in adult films.
Superior Adds Fourth Wheel Plant in Chihuahua
Superior Industries International Inc. announced Tuesday that it has chosen the Mexican city of Chihuahua as the site for its newest manufacturing facility.
Two Entertainment Veterans Nominated for DreamWorks Board
The chief executive officer of Universal Music Group and a founder of online streaming site Hulu have been nominated to serve on the DreamWorks Animation SKG Inc. board of directors.
Enemy No. 1
Condom Advocate Draws Scorn, Praise
HEALTH CARE: Michael Weinstein has battled to put condoms on porn sets in Los Angeles County. Now he’s taking the fight statewide.
Translation Firm Finds New Voices
Founder’s retirement ushers in management change at ISI.
SUCCESSION: The founder of ISI Translation Services has retired, promoting two executives to take his place.
Camarillo Puts Lid on Adult Shoots
FILM: Camarillo has put a moratorium on issuing porn film permits until the political smoke clears.
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