Stories for April 2004

Monday, April 26

VALLEY STOCK WATCH

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

Pierce Course Brings Auto Sales Into Academia

Responding to demand within the auto sales industry and also to add a source of funding for the school, Pierce College will train auto salespeople through a new program.

Vision Badly Needed When We Consider Mayoral Candidates

Vision Badly Needed When We Consider Mayoral Candidates

"Gut" Feelings Don't Reflect True Reality of Economy

By Marx Acosta-Rubio, CEO of One Stop Shop, a computer peripherals marketing firm in Chatsworth.

Valley Briefs

Diodes Signs Pact; IRIS Reports Revenue Hike; Studio City Business Expo; Housing Summit Planned;VICA Business Advocacy Awards; IHOP Attracts Franchisees; First Commerce Record Earnings; VICA Ready for Return of Football; Advanced Biotherapy AIDS Study;

Some Independents Thrive Amid Chain Stores

Owners of some small Valley-area businesses know the secret to being successful in industries dominated by large chains.

Product Backlog To See Porn Firms Through Hiatus

A backlog of completed filming will help Valley adult entertainment firms during the two-month stoppage in production due to an HIV scare.

Valley Economic Forecast Set for Release May 25

The second annual San Fernando Valley Economic Forecast, scheduled to be unveiled on the morning of May 25 at the Sheraton Universal Hotel, will be highlighted by a presentation from an economist at the Federal Reserve Bank of San Francisco.

Sunrise Finds Place Amid Crowding of Senior Living Field

Growing older may be inevitable, but as it turns out, what folks do about it is not a foregone conclusion. The assisted living industry learned that lesson the hard way in recent years as many operators, unable to fill up their residential communities, cl

Extent of Tax Reform May Depend on Budget Decisions

Although two business tax reform proposals are now in the hands of a committee of the L.A. City Council, the movement to change the system could stall due to the city's budget problems.

Business Leaders Like Hertzberg in Mayor's Race

The San Fernando Valley business community has given a warm reception to the candidacy of former California Assembly Speaker Robert Hertzberg of Sherman Oaks for mayor of Los Angeles.

VALLEY, L.A. COUNTY ECONOWATCH

Charts of Economic Indicators, Real Estate, Tourism...

Main Street Meets Online EBay Culture

When EBay became a national phenomenon in the heady days of the late 1990s dot-com boom, many predicted that the company along with Amazon.com would make traditional retail stores obsolete. They were wrong.

NEWSMAKERS

Valley Businesspeople in the news, on the move...

System Down Again? You've Got Company

A local shopping center that has languished for years could get a makeover with a planned addition of a Pavilions grocery store.

17200 Would Be Key Issue for Umberg in Assembly

Val Maki, the head of L.A.'s top radio station Power 106, finds the right mix of talent, marketing strategies and of course music keeps the volume turned on high for the Emmis Commmunications property as it targets the Latino youth market

Gas Price Wars Putting Owners on Front Lines

Station owners' jobs have become increasingly more complex as they manage price levels.

THE LIST - SBA Lenders

The Business Journal's list of the top 25 SBA Lenders, ranked by number of loans awarded in San Fernando Valley

New Owners to Close Down Learning Tree University

School's out for Learning Tree University. The 30-year-old school for continuing education will close its doors in June, a little more than a year after it was acquired by its current owners.

GE Finance Group to Acquire Mortgage Bank WMC

GE Consumer Finance has chosen a Woodland Hills company for its first foray into the domestic home mortgage lending business.

Upscale Roy's Restaurant Plans Woodland Hills Location

Upscale Roy's Restaurant Plans Woodland Hills Location

Ex-Developer of Troubled Site Files Chap. 11

Randall Roth, who just a few years ago was cutting seven-figure deals amid plans for a business park that promised to galvanize the Northeast San Fernando Valley, is broke.

SBC Expanding Telecom Services In North Valley

SBC Communications has expanded its telecom offerings in the Northeast San Fernando Valley as it goes head-to-head in competition with Verizon, which has been the major player there.

Monday, April 12

VALLEY STOCK WATCH

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

Wells to Open Sundays

Wells Fargo on April 11 began operating two of its Northeast San Fernando Valley bank branches on Sundays to better serve the Hispanic community, officials said.

Sentinel's New Owner Set To Boost Valley Coverage

A San Fernando Valley bureau will be established as part of the plans of the new owner of the Los Angeles Sentinel to improve the flagging fortunes of the publication that is the oldest and largest black-owned weekly newspaper in the West.

THE LIST - VALLEY NEIGHBORHOOD COUNCILS

The Business Journal's list of top 25 VALLEY NEIGHBORHOOD COUNCILS, ranked by length of time in existence

Recording Sites On Sale Block

Recording studios clustered in the East Valley are being sold or are closing at unprecedented levels in response to the lackluster performance of the music industry in the past several years.

VALLEY, L.A. COUNTY ECONOWATCH

Charts of Economic Indicators, Real Estate, Tourism...

BTAC Set to Send Tax Reform Proposals to Council

TAXES An ad hoc committee of the Los Angeles City Council begins its deliberations on the proposals for tax reform this week.

Becoming a Strategic Business Owner

COMMENTARY by JONATHAN GOLDHILL, CEO of The Growth Coach in Los Angeles

Azteca Finds L.A.'s Hispanic Market Not a Sure Thing

You might think a Mexican television station could easily get traction in L.A., where about 70 percent of the Latino population is of Mexican heritage.

Countrywide's Commercial Market Success Not Assured

Countrywide's Commercial Market Success Not Assured

Camera Ready

Steve MacDonald, the newly appointed president of the controversial Entertainment Industry Development Corp., can draw from his city hall experience as Mayor James Hahn's South Valley neighborhood service manager to streamline and make the film permitt

City Officials Put Different Color On How to Relate to Businesses

City Officials Put Different Color On How to Relate to Businesses

Immigrants Find Own Set of Hurdles at Family Firms

FAMILY BUSINESS - With such a high rate of failure, the difficulty of running a successful enterprise only becomes compounded when one attempts it in a foreign land.

Tax Reforms Focus On Entertainment

City tax reform proposals that are scheduled to go to the L.A. City Council include several elements that would directly affect the Valley's numerous production houses and businesses that serve them.

Officials Pushing Microloans as Saviors for Small Businesses

Visibly emotional, Bill Herold, president of Thousand Oaks-based Conquest Technical Sales, took to the podium at a Burbank Hilton banquet room recently.

VC Activity Heats Up in Flurry of Deals

Four separate venture funding deals closed in the greater San Fernando Valley in the past two weeks, bringing about $30 million in new financing to the area.

Listening Post

From its operations in Woodland Hills, Cisco Music thrives worldwide amid the chaos in the recording industry by providing a place for artists lost in the shuffle of corporate downsizing

LETTER

Letter to the editor

Dynamic Duo Battles Showbiz

Valley Writers Break Through With Eye on Pop Culture

Local Finance Climate Improves

Investment bankers, attorneys and financial officers give their read on the local climate.