Stories for April 2005
Friday, April 29
Worldwide Restaurant Concepts Inc., operators of Sizzler and other restaurant chains, has reached an agreement to be acquired by a private equity firm, Pacific Equity Partners, for $7 a share.
The Woodland Hills company reached record revenues of $18.5 million for the first quarter of the year.
Thursday, April 28
The Chatsworth company posted record earnings of $1.3 million, and record revenues of $14 million for the first quarter ending March 31
The video game publishing arm of the Walt Disney Co. will release "Disney's Chicken Little," "The Nightmare Before Christmas" and "Lilo and Stitch" and other titles.
K-Swiss reported an earnings increase of nearly 20 percent, while its domestic sales lag.
Wednesday, April 27
The two, five-story buildings total 358,684 square feet. One is fully occupied, while the other is about 20 percent leased.
The Councilmembers co-introduced a motion aimed putting more money into the City's General Fund to hire police officers.
The Chatsworth-based company will distribute material from the Just For Laughs stand-up comedy archives -- the material includes performances by Dave Chappelle, Jerry Seinfeld and others.
Tuesday, April 26
The Burbank company expects the acquisition of Associated Textile Rental Service to add $5.5 million to its annual revenues.
Starting in mid-May, visitors in downtown Burbank will be able to freely access the Internet with any Wi-Fi enabled device.
Monday, April 25
Officials say United Chambers of Commerce needs more resources.
The Japanese Garden in Van Nuys is perhaps the most little-known tourist attraction in the Valley.
PCS Development has put its property in Sherman Oaks up for sale, and vacnacy rates in the Valley office market dropped in the first quarter.
Telecommunications gear manufacturer Tekelec has announced that it is shutting down its Valley operations, moving its 45 remaining Calabasas employees to Morrisville, N.C.
Westlake Village-based Internet advertising firm ValueClick announced that it has signed representation agreements with GSN.com, 1-800-Schedule, and newspaper publisher Guardian Unlimited.
Two Valley companies are creating adult sports leagues with a degree of professionalism and business acumen.
Financing activity in Southern California slowed in the first quarter of the year, declining from year-ago levels, according to a report just released by Ernst & Young.
The question of whether there should be one large Valley chamber provokes strong reactions.
Income from continuing operations at BioSource International Inc. rose 14 percent to $1.1 million for the first quarter ended Mar. 31, leading the company to raise its guidance for the full year.
A look at one chamber and its experienced leader who has adapted to the times.
The idea of one large Valley chamber has appeal among Business Journal survey respondents.
The Museum of the San Fernando Valley is undergoing a makeover.
Some Valley sites are seeing more international tourists come to call due to the decline of the dollar.
Chambers need to adapt to maintain their relevance.
Networking events are the core of chamber activities, and hastily throwing them together can be a disaster.
Universal Studios' planned "Fear Factor" attraction is one of othe first synergies from the NBC Universal deal completed last May.
The influx of corporate and regional headquarters to the San Fernando and Conejo valleys has spurred a flurry of development of extended stay hotels in the area.
Business Journal readers find the best in the hospitality and recreation industries in the Valley.
Thursday, April 21
Assets grew more than 40 percent over last year, and deposits and revenues have doubled.
Health Net Connections will operate call centers in Washington State and Illinois, providing patient appointing services to 245,000 beneficiaries.
Wednesday, April 20
The Chatsworth-based multimedia publishing company has purchased ETC Group LLC, publisher of T.H.E Journal for technology users in education fields.
Out-of-state premiums for the first quarter of 2005 more than doubled compared to the first quarter of 2004, as 21st continues to make expansion outside of California a priority.
Tuesday, April 19
More than 19 million people visited Disney Web sites in March, a 44 percent increase over last year.
The center at the Institute for Better Breathing will be open to people suffering from emphysema, chronic bronchitis and other chronic coughs.
Monday, April 18
The Chatsworth company filed its Form 10-Q, bringing it back in compliance with Nasdaq listing requirements, according to a company release.
The Westlake Village-based chain paid $90 million for Music & Arts Center, which has 62 locations in the Northeast, mid-Atlantic and Southern United States.
Friday, April 15
Aimed at customers without dental insurance, SmileNet offers discounts on dental service without requiring copays, deductibles, claims or paperwork.
The North Valley Regional Chamber of Commerce is sending its grievances to Councilman Greig Smith, claiming the store would create too much traffic.
Thursday, April 14
The former mayoral candidate announced his support at a press conference in Sylmar. All three major candidates who were eliminated in the primary election have endorsed Villaraigosa.
The pledge brings Providence Saint Joseph closer to its $33.1 million goal to build its cancer center.
North Hills-based MGA is accusing its competitor of unfair competition and intellectual property infringement.
Wednesday, April 13
The Governor said reversing the state's nursing shortage is crucial at a time when California' elderly population is growing rapidly.
RW Spears, a Sylmar-based manufacturer, has been ordered by the Department of Labor to reclassify over two dozen employees as non-exempt from overtime laws.
Tuesday, April 12
David Newsome will head up the new office, which will service the company's operations in Oxnard, Ventura, Simi Valley and the San Fernando Valley.
Funds raised by the hospital foundation will go toward a campus expansion scheduled to be completed in 2007.
Monday, April 11
While the MethodFest Film Festival's debut in Calabasas drew support from many local businesses, several merchants at the Calabasas Commons claimed that they did not see any surge in business from festival-goers.
Jonathan D. Colburn reports that Assemblyman Dario Frommer is ready to play hardball with Gov. Schwarzenegger over health care issues.
A group of more than 30 business organizations has called for the L.A. City Council to renew its efforts at business tax reform.
Advanced Bionics is adding hundreds of new employees locally as it moves into the $500 million spinal cord stimulation market.
Online advertising firm ValueClick's stock lags despite company's growth.
Staff Reporter Jeff Weiss writes about new ventures for a local publishing firm, legal wrangling of a local file-sharing network and the business of Valley Internet blogs.
Celebrities help family firm widen reach to shorter men.
Every Valley health plan will take part in Medicare's new prescription drug benefit program.
United Online chief Mark Goldstein is taking the Valley company into a wider area on the Internet
Valley-area companies disappointed in turnout at WESTEC manufacturing conference.
ISWest has taken another step in the consolidation of the local business-to-business Internet Service Provider.
Encino-Tarzana Regional Medical Center is one of the last of the Tenet Healthcare Corp. hospitals which were put up for sale in 2004 to remain on the market but officials expect a deal by summer.
A stretch of land that surrounds the Northridge Fashion Center has suddenly become the center of attention of developers and retailers.
Galpin Motors' exclusive club gives VIP treatment to Aston Martin buyers.
A recent U.S. Supreme Court ruling on age discrimination is not likely to change the outcome of lawsuits in California.
The new broadband service will be targeted at preschool children and will include characters from its popular television programs.
Friday, April 8
The Van Nuys-based clothing licenser and brand management company reported fourth quarter earnings of $4 million, compared with $2.7 last year.
The Vendare Group has officially changed its name to Vendare Media
IHOP's shareholders of record on May 2 will receive $0.25 per common share
Thursday, April 7
The Camarillo-based company also announced it has completed the exchange of a Chicago station for three other stations.
GAB, a New Jersey-based risk management firm, currently has offices in Glendale and Palmdale.
Wednesday, April 6
Prospective buyers who have never owned a home will find tips on loans, real estate agents and other basic information.
Gibson Guitar will provide on-site enhancements, and the theater will be renamed "The Gibson Amphitheatre at Universal Citywalk."
Tuesday, April 5
Two grants will allow Valley Presbyterian in Van Nuys to improve its services.
Warner Bros. will develop licensed products for European soccer giant AC Milan.
Monday, April 4
The Calabasas company will offer sales and design services in 13 European countries.
Both proposals lean too heavily on government involvement, according to the California Association of Health Underwriters.