Stories for March 2004

Monday, March 29

Cardinal Health Layoffs Loom

As many as 250 employees could get the axe at Cardinal Health's local offices here, effectively shutting down the company's Woodland Hills offices.

Despite Deal, Countrywide Sticks to Out-of-State Plans

Countrywide Financial Corp. may not think California holds much promise for business expansion, but there's no arguing with a good real estate deal.

VALLEY STOCK WATCH

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

Reasons Why Some Owners of Firms Get Themselves Trapped

COMMENTARY by Jonathan Goldhill, CEO of The Growth Coach (LA) a small business coaching and consulting firm dedicated to helping entrepreneurs get more out of their businesses and personal lives.

Firms Grapple With Logistics Of Offshoring

According to executives of several local tech firms, offshore outsourcing can be a logistical nightmare and, in the end, not always cheaper.

Capitol Punishment: Make Legislators Resolve Issues

GUEST COLUMN by Gregory N. Lippe, CPA, managing partner of Lever, Lippe, Hellie & Russell LLP (LLHR) and a director of the Valley Industry and Commerce Association (VICA).

THE LIST - Family-Owned Businesses

The Business Journal's list of top 25 Family-Owned Businesses, Largest Valley companies ranked by number of employees

Firms Shift Focus to Survive

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Fitness Clubs Get Less Intimidating to Lure Customers

Chew on this: About 85 percent of Americans say it's important to get enough exercise, and two out of three of those very same folks are overweight, even obese.

VALLEY BRIEFS

Company Takes Flight; Lighting Company Acquired; Salem Gets New Station; Hemacare Posts Losses for Year; Wells Fargo Feted; California Chamber Seeks Entries; Continues Losses

VALLEY, L.A. COUNTY ECONOWATCH

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

Northrop Finishes Consolidation of Unit at Valley Site

Officials at Northrop Grumman Corp.'s Navigation Systems Division in Woodland Hills dedicated a manufacturing center March 16 that took two years to relocate from Santa Barbara County.

Edwards, Chen Latest Aides to Leave Hahn Staff

Deputy Mayor Troy Edwards, who has been named in an investigation of corruption in city contracting practices, has stepped down from his post.

Economic "Gut Feelings" Take Turn for Worse

A number of local executives say they're seeing signs that the economy has actually worsened since the beginning of the year, even as stock prices have risen and the GDP seems to be back on track.

E-Transaction Technology Helped Put Interlink in Black

CORPORATE FOCUS - For Camarillo-based Interlink Electronics, Inc., the difference between 2002 and 2003 is akin to the difference between day and night.

Monday, March 15

VALLEY, L.A. COUNTY ECONOWATCH

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

THE LIST - Home Mortgage Lenders

The Business Journal's list of top 15 Home Mortgage Lenders, Greater San Fernando Valley-based, ranked by dollar amount of mortgage lending in 2003. PLUS: Executive Summary, Pacesetter

VALLEY BRIEFS

Nursing Scholarships Awarded; Anheuser- Busch Ranks First; Pasta Pomodoro to Open; Rockwell Forms Firm; ML to Acquire Company; MannKind Raises Funds; Electro Rent Enters New Market; 3D Systems Reports Revenue Growth, Net Loss; SunGard Named 'Best Treasury

Wedbush Sets Up Shop for Valley Clients

Although the securities brokerage and financial services company has maintained a longtime presence in Los Angeles, this is its first location in the San Fernando Valley.

BANKRUPTCIES

This week's postings of Valley Bankruptcies

Students Practice Work Skills

Dominique Smith, a Sylmar High School senior, is headed to either Missouri's Columbia College or Hawaii's Chaminade University this fall to study forensic science.

VALLEY STOCK WATCH

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

Are You Feeling Like a Slave to Your Own Business?

Guest Column by Jonathon Goldhill

Digital Theater Systems Sees Growth After Successful IPO

CORPORATE FOCUS: Executives at Digital Theater Systems Inc. of Agoura Hills saw an improving IPO market last summer and decided it was time to take their digital audio business public.

Dole to Put Focus on Health at Hotel, Spa Near Headquarters

Dole Food Company Inc. held a groundbreaking celebration for the beginning of construction of the Dole Wellness Center, Spa and Hotel on Friday, March 12, adjoining its headquarters in Westlake Village.

FORUM: Back in the Market

The Business Journal asks: Did you change your shopping patterns during the strike? And if so, are you going to return to the place where you had previously marketed?

Banks Get Cozy, Boost Local Services

Anyone bypassing the ATM machine for a visit behind the doors of a bank branch these days is more likely to get a warm hello, a cup of joe and a conversation

Ready-Made Sets Filling Filming Niche

Seeing production sets costing more than $750,000 apiece destroyed after use in one feature film gave Alex Reid something to think about.

Valley Residents Cautious About Supercenter Law

Sun Valley-area business officials and residents are cautious about the idea of big box retail supercenters being in their neighborhoods under an ordinance being drafted by the LA City Council.

NEWSMAKERS

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

Monday, March 1

VALLEY, L.A. COUNTY ECONOWATCH

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

THE LIST - PRIVATE SCHOOLS

The Business Journal's list of top 25 Private Schools, ranked by total current enrollment

LETTER

Letter to the Editor

Owners of Westside's Drago Open Restaurant at Posto Site

The Drago brothers, Tanino, owners of several restaurants including Santa Monica's Drago, have opened Panzanella, a Sherman Oaks Italian restaurant in the space that was formerly Posto.

Firms, Schools In Partnership

Two of the largest companies in the local area have partnered with some of the region's schools to provide job training for employees and assist in educating the future workforce.

Pacoima Site of Price Pfister Plant Put Up for Sale

Black & Decker Corp. has put the former Price Pfister plant in Pacoima up for sale and is currently entertaining offers for the property.

VALLEY STOCK WATCH

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

Silence in Sacramento Upsets VICA

Letters and calls to Valley lawmakers from the Valley Industry and Commerce Association about two hospital-related laws that the organization wants postponed have gone unheeded causing frustration among officials of the local organization.

Capitol Punishment: Legislation Worsens Hospital Crisis

Over the past several years we have experienced numerous examples of the detrimental effects to our state's future resulting from a common cause.

Director of Local Offices of AeA Leaves Position

The local office of the American Electronics Association is in a state of "flux" after the sudden departure of its executive director.

Valley Briefs

Judge Hill Recognized; Training Grant Received; PerfectData Losses Mount; Semtech Forecast Bright; WellPoint Recognized; Runaway Business; UCC Endorsements

Jafra's Fortunes, Solid Here, Falter in Mexico

Another Hispanic marketer, Jafra S.A., has filed plans to go public, but the international company, with a large presence in Mexico, may be facing a much different environment.