Stories for January 2005
Monday, January 31
Former U.S. Housing and Urban Development Secretary Henry Cisneros has formed a new company to take aim at the housing shortage in L.A.
Robert Hertzberg, one of five major candidates running for Los Angeles mayor, says he would run the city "like a business" if elected.
After 13 long years packed with contentious negotiation, litigation and steep legal fees, the saga between Van Nuys-based Syncro Aircraft Interiors and Los Angeles World Airports is over.
Attorney Brent Reinke will join the law firm Musick, Peeler & Garrett LLP, marking the opening of the first greater Valley office for that firm.
While venture capital investments nationally rose by 5 percent to 8 percent in 2004, after three miserly years, the companies along the 101 Tech Corridor were treated far less generously.
Global is the word for many of the companies in the 101 Tech Corridor who are peddling their products overseas, discovering new revenue streams and revolutionizing the way they conduct business.
Upcoming changes in the California Health and Human Services budget could put the funding of public hospitals in jeopardy and place even more pressure on private safety net hospitals.
Buoyed by its network and theme park performance, the Walt Disney Co. sees boost in quarter.
Some of the biggest players in the fast-growing digital film finishing industry have set up shop in the Valley.
In the next few weeks of campaigning for the L.A. mayor's race, pundits are watching Bob Hertzberg very closely, Staff Reporter Jonathan D. Colburn reports.
Under the Sun Promotions has profited off of studios' demands for more complicated and creative promotional items.
Jeff Phillips is convinced that the technology companies along the 101 corridor may also be a canvas for one of the newest trends in contemporary art.
Columnist Mike Newman puts in to perspective the power of personal computers.
After three fiscally moribund years, the 101 Tech Corridor seems poised for economic growth.
Six years after it was named to reflect a burgeoning cluster of high technology companies along a stretch of the Ventura (101) Freeway, the 101 Tech Corridor has become more a state of mind than of place.
Thursday, January 27
CSUN raised $28.8 million last year and plans to use future donations to build a performing arts center.
Fourth quarter earnings per share increase to $0.53 from $0.41 last year.
Wednesday, January 26
Mayor James K. Hahn praised the work of the LAPD and said quality of Valley life has improved in delivering his State of the Valley Speech at VICA's Committee Fair at the Airtel Plaza Hotel at Van Nuys Airport.
Tuesday, January 25
The Van Nuys-based marketing company will represent the 35-year old magazine in developing licensing opportunities.
Ronald Brower, an MGA Entertainment employee formerly employed by Mattel saw a suit brought against him by his former employer thrown out by the Los Angeles Superior Court.
The fourth quarter saw average rents for Valley apartments climb, while occupancy rates remained stable.
Southern California radio stations will broadcast live as Iraqi citizens living abroad cast their votes in the country's elections.
The Los Angeles County Economic Development Corporation reports that Southern California will see some job growth in 2005-2006, mostly powered by aerospace, international trade, the entertainment industry and tourism.
The Valley Assemblyman is making a run at the Treasurer's office, and seeking campaign contributions.
Monday, January 24
The online advertising company's two subsidiaries will operate out of San Francisco, with offices in New York and Kentucky.
Laura Chick will receive the first "Woman of Valor Award" ever presented.
Friday, January 21
Project nominated in Production Home of the Year category is "the platinum collection at Robinson Ranch," located in Los Angeles.
Arnold R. Schaffer, CEO of Providence Health System San Fernando and Santa Clarita Valleys Service Area begins a year as Chairman of the Hospital Association of Southern California's Executive Committee next week.
Thursday, January 20
A new device can protect digital memory cards in mobile phones, touch screens and other devices from static discharge.
Four of the five candidates running for mayor met last night to debate each other and address the concerns of Sherman Oaks residents.
Wednesday, January 19
The store is part of a program to establish 30 retail mortgage stores in ethnic neighborhoods throughout the state.
Technica, an IT systems company with military, security and civilian government agencies, will be able to sell and support Troika's network solutions.
The City Council President named four councilmembers to join him on an ad hoc committee charged with finding a replacement for former Chief Legislative Analyst Ron Deaton.
The Burbank company announced that its loan volume increase 19 percent in 2004, while the company's banking business exceeded its brokerage business in units for the first time.
Tuesday, January 18
The Westlake Village-based semiconductor manufacturer expects fourth quarter revenues to be about three percent lower than record revenues of $49.4 million in the third quarter.
Jeff Phillips met with the Economic Alliance of the San Fernando Valley to propose an art museum that would sit squarely at the intersection of technology and fine art.
Calabasas homebuilder reports earnings rose 31.5 percent to $108.7 million in the fourth quarter.
Monday, January 17
Senior Reporter Shelly Garcia reports that a development is being planned in Simi Valley by The Seventh Day Adventist.
A new generation of business takes a new generation of leadership. That underlying principal has led to a changing of the guard at Encino law firm Greenberg & Bass.
Large Valley companies are leading the way locally in efforts to help victims of the South Asia tsunami.
Mayor James Hahn pushes his record on safety and neighborhood-based government in his run for re-election.
In order to better compete in an increasingly cutthroat health club industry, Mid Valley Athletic Club in Reseda will be undergoing its second renovation in two years and changing its name to 360 Health Club sometime during the first quarter of this year.
Community leaders say the local economy is being hurt by a labor force that is poorly trained, lacks basic literacy skills and knowledge of business etiquette and has a questionable work ethic.
The Valley's city council representatives all agree that L.A. needs more police, but a proposal by City Council President Alex Padilla to add more cops is falling short of full-scale support,
The area's community colleges offer low-cost and varied job training assistance for businesses, but sometimes companies aren't aware it's there.
Encino-based 4Service Inc. helps small and medium-sized businesses when disaster strikes.
Alfred Publishing of Van Nuys is expected to become a leader in the music publishing business with its purchase of Warner Bros. Publications.
Hospitals are instituting a variety of programs from recruiting to mentoring in order to attract more nurses to meet new nurse-patient ratios.
The long-idle Gold Mountain development site in Encino has landed at the center of a partnership dispute.
Woodland Hills-based online gaming company Youbet.com has taken steps that officials hope will result in an expansion of the firm's presence in the industry.
As "Generation Y" enters the workplace, baby boomer managers deal with a host of new issues.
Many people attribute the Valley's weak labor pool to the K-12 schools' growing emphasis on college preparation.
Most Valley residents probably remember the two weeks of holiday rain with a grimace, as the weather tied up roads, made driving even more hazardous than normal and made people wonder whether the sun would ever shine again
The changing needs and lifestyles of borrowers is reshaping the mortgage industry.
Non-durable manufacturing and education and health care are the only sectors to add jobs in December.
The Calabasas-based healthcare information technology service provider reported improved sales over last year, but did not turn a profit.
Judi Rose, former communications director at the Valley Community Clinic, is the new director of fund development and investor relations at the Economic Alliance of the San Fernando Valley.
The Nasdaq, long viewed as a high-growth index, is likely to slow considerably as the technology companies that comprise the majority of those listed reach maturity.
Friday, January 14
Woodland Hills online wagering company reports it dropped its bid to acquire American Wagering, Inc. because of shareholder objections.
Studies on similar drugs show that off label dosages can put patients at risk.
Thursday, January 13
Chatsworth-based entertainment programming distributor expects 34 to 38 percnet increase over last year.
Camarillo-based broadcaster plans to buy AM radio station in Nebraska for $3.1 million in the second quarter.
Both IT consulting companies have offices in Camarillo and Thousand Oaks
Wednesday, January 12
Woodland Hills-based health care company charges Steven Hale Nelson with re-establishing its northeast health plan.
Van Nuys company secures international distribution agreement for L.A. apparel manufacturer.
The North Hollywood firm will relocate to a new, more spacious, Hollywood facility in the summer to accomodate its increased workload.
Tuesday, January 11
Camarillo-based interface designer expects to report a net loss of $350,000 to $450,000 for the fourth quarter of 2004.
Thousand Oaks biotechnology company will donate $18 million for co-payment assistance in 2005.
Monday, January 10
Guitar retailer beats its own estimates to increase fourth quarter sales 18.5 percent.
Hospital says the 128-room patient tower is the largest to open in the Valley in years.
Calabasis computer company has announced its plans to merge with StorCOMM, Inc. of Jacksonville.
Friday, January 7
The Camarillo-based company was recognized by Electronic Products Magazine
Orange Country firm buys North Hollywood Shopping Center with plans to upgrade.
The SpaceConnection was sold to Telesat, a Canadian satellite operator, for an undisclosed sum.
Thursday, January 6
Southwest agreement to convert to electric vehicles will significantly lower air pollution from the airport, officials said.
The Calabasas marketing firm was named one of the fastest growing private companies in America.
Burbank-based Lowry Digital Images has been purchased by Agoura Hills-based DTS.
Chair of the Valley Alliance of Neighborhood Councils said the group is opposed the Inclusionary Zoning Ordinance in its current form.
Student Union branch is the bank's first on a California college campus.
Wednesday, January 5
Grubb & Ellis expects Los Angeles to produce great returns on industrial and office real estate investments.
Tuesday, January 4
James R. Felton has taken over managing partner responsibilities at Encino law firm Greenberg & Bass.
Los Angeles Mayor James Hahn will deliver his annual "State of the Valley" address at the Valley Industry and Commerce Association Membership Committee Fair on Jan. 26.
Construction on Burbank Entertainment Village to begin this fall.
Academy123.com launches in Israel to offer lesson overviews and solutions for problems in common textbooks.
Monday, January 3
The Agoura/Oak Park/Las Virgenes Chamber of Commerce has changed its name to the Agoura/Oak Park/Conejo Valley Chamber of Commerce.
Ken Michaels, the host of Burbank-based KZLA-FM radio's "Mortgage Makeovers," is growing his call-in show nationally.
Hollywood Presbyterian Hospital has been officially sold to CHA Medical Group.
The 78-year-old North Hollywood-based effects house, the Howard A. Anderson Company, is going out of business.
In 2005, Valley health officials will fight to get government help to improve access to care and to try to shore up hospitals for another year of skyrocketing costs.
Getting a handle on what to expect in local business in the new year is difficult.
Reporter Jeff Weiss goes along with a local "red team" made up of business and civic officials as they try to convince a Canoga Park business not to move out of town.
Valley biotech company will match donations made by its employees
Los Angeles Valley College is offering a course for the first time on the cutting edge topic of nanotechnology -- a science that promises to yield many jobs in California.
Manufacturers will increase their reliance upon software programs in their operations in the new year.
Mayoral Candidate Richard Alarcon said he plans to expand the police force, the city's middle class and improve attendance in the city's schools.
After a year of recovery, hotel operators are predicting that rising occupancies and room rates will continue into 2005.
Blue Cross of California made a push into one of the most resistant segments of the health insurance markets this year, that being small business. It released a new package in December aimed at attracting owners of companies with fewer than 50 employees, and last week announced a new plan to partner with the U.S. Small Business Administration, aimed at educating small business owners on their insurance options, and probably a little bit at marketing for their own new program titled BeneFits.