Stories for July 2008

Thursday, July 31

Water officials back bond, canal

PALMDALE - Water officials from Sacramento touted a $9.3 billion bond proposed by Gov. Arnold Schwarzenegger and U.S. Sen. Dianne Feinstein as a fix to the California water crisis.

High-speed rail measure off track in Capitol

PALMDALE - Prospects for getting ballot language changed that would aim a high-speed commuting train through the Antelope Valley are in jeopardy of going off the rails in Sacramento, with two area legislators saying the project is ill-timed for the Novemb

Smoking ban still unsettled

Council takes a few more steps to solidify ordinance, but the reviewing stage continues.

HealthSouth to Expand Bioness Products to 88 Hospitals

HealthSouth Corp., a provider of inpatient rehabilitative healthcare services, will expand the availability of products by Bioness Inc. in Valencia to 88 hospitals nationwide.

Mervyns woes cast pall at malls

The department-store chain's bankruptcy filing and possible closures may increase pressure on rents.

Down Economy Hits ValueClick Profits

The sluggish economy contributed to online marketer ValueClick Inc. posting a 6 percent drop in net income for the second quarter when compared to a year ago.

Wednesday, July 30

ESPN plans to launch online network dedicated to 'action sports'

Websites will court fans of such activities as surfing, skateboarding, motocross and snowboarding -- sports that don't get carried on mainstream television.

Disney Income Rises By 9 Percent

Revenues were up at The Walt Disney Co. theme parks and consumer products division but down in feature films for the third quarter.

Americans turn a bit more optimistic

NEW YORK , Americans see a slice of sunlight for the economy, as a widely watched report Tuesday showed people are not as pessimistic about the future as they were a month ago.

Sensor Firm Expanding Production

H2Scan Corp. will move into full production mode of hydrogen sensor systems following a $4 million investment from numerous venture capital firms.

Macy's Re-Opens After Quake-Related Flooding

The Macy's store in the Westfield Topanga shopping center re-opened Wednesday morning after sustaining water damage from the previous day's earthquake.

Gaming Firm Continues Struggles

Video game publisher THQ Inc. continued its financial struggles into the first quarter by widening its net loss compared to the previous year.

Times owner Tribune picks brokers to sell newspaper buildings

Cushman & Wakefield will seek buyers for the former Times Mirror Square, and Eastdil Secured will try to sell Tribune Tower in Chicago.

DreamWorks Animation Income Drops in Q2

Net income for DreamWorks Animation SKG Inc. dropped by 55 percent in the second quarter when compared with the same period from a year ago.

District renewal is OKd

Downtown business improvement district stores have had retail sales, property values rise by a combined 70%.

Tuesday, July 29

MRV Revenues Hit $147 Million

Strong sales in network equipment and optical components contributed to $147.6 million in revenue in the second quarter for MRV Communications Inc.

Drug raises stock price for Amgen

Quarterly revenue up 1% from one year ago

Are Northridge projects boon or bane?

A residential building boom is exploding near Northridge Fashion Square, where the construction of nearly 2,000 apartments and condos is expected to worsen traffic congestion and result in the demolition of a venerable Kmart store.

Shoe drops at Pavilion

Retailer files for bankruptcy, plans store closings

Nexsan, Agfa Sign Marketing Deal

Nexsan Corp. expanded its reach into the healthcare industry by signing a marketing agreement with Agfa Healthcare.

Richard Branson unveils his space plane

At an airfield in the Mojave Desert, Branson rolls out the Burt Rutan-designed launch vehicle that is supposed to help take paying passengers into space.

Minor Damage from 5.4 Quake

A 5.4 earthquake centered near Chino Hills struck Southern California resulting in minor damage.

Monday, July 28

Defense Contractor Posts Net Income For Q1

Providing product for new weapons systems and signing new customers contributed to AML Communications reporting positive income for the first quarter.

Maryland Firm Buys Software Maker

Automotive software developer 5Square expects to remain in Westlake Village following its acquisition by East Coast firm iMagicLab.

Pajama-Clad Runner To Promote SnoreStop

Green Pharmaceuticals is at it again in unique ways to promote its chemical-free SnoreStop products.

Retail project gives Pacoima hope for recovery

For more than a decade, the pile of rubble off Paxton Street has been an ugly reminder of Pacoima's troubles.

IRS cellphone rule called outmoded

Employers must pay back taxes if workers fail to keep detailed usage logs. Some see a disconnect between law and life.

Council gives OK to hotel's expansion plans

The Amarano gets a thumbs up from the City Council despite residents' concerns about a shortage of parking.

Board set to vote on increasing LAX landing fees

The Board of Airport Commissioners is scheduled to vote today on increasing landing fees at Los Angeles International Airport, which confronts the prospect of declining revenues because airlines are eliminating flights.

Friday, July 25

California United Bank Defies Industry Norms

The second quarter report was very, very good for California United Bank showing a leap in net income to $91 million, a 193.5 percent gain over the $31 million earned in the same period last year.

Valley Schools Receive Construction Funds

Two San Fernando Valley high schools recveived state construction grants to ease overcrowding.

Ryland Losses Worse Than Expected

Homebuilder Ryland Group reported expanded losses in the second quarter with the hole growing to $241.6 million, or $5.70 per share, from $52.4 million, or $1.25 in the same period of 2007.

Thursday, July 24

Teledyne Income Up 34 Percent In Q2

Teledyne Technologies Inc. saw an increase in revenues in its four main divisions for the second quarter.

Palmdale planning for new power plant

PALMDALE - The city's application to build a natural gas- and solar-powered electricity-generating plant big enough to power the Antelope Valley - with energy to spare - is expected to go next week to the California Energy Commission, accompanied by a $30

CHAD Therapeutics at Risk of De-listing

CHAD Therapeutics Inc. is not in compliance with the equity and loss guidelines of the American Stock Exchange, the company said.

Power-One Narrows Loss

Power-One Inc. narrowed its net loss for the second quarter, the company said.

Federal grand jury investigating Countrywide, IndyMac, New Century

Sources say subpoenas have been issued to the lenders, in the clearest sign yet that prosecutors are looking into whether fraud and other crimes contributed to the mortgage debacle.

New Vehicle Registrations Drop in First Half of 2008

Registrations of new cars and light trucks declined by 18.3 percent from the same period a year earlier, according to the California Auto Outlook Second Quarter 2008 Market Report.

Cheesecake CFO Resigns

Michael Dixon, senior vice president and CFO of The Cheesecake Factory, Inc., has resigned, effective July 23.

Ixia Profits Grow Modestly

Net income for test performance equipment manufacturer Ixia grew modestly in the second company, the company said.

Despite weather, agriculture's gross value nearly $1.55 billion

The 2007 winter freeze did not harm Ventura County's overall agricultural industry as much as previously feared, according to the annual crop report.

Home foreclosures hit record high

Home foreclosures across the San Fernando Valley hit another record high during the year's second quarter as the housing crisis intensified, a research center said.

First California Bank Income Drops in Q2

First California Financial Group Inc., the holding company for Camarillo-based First California Bank, announced its Q2 net income was $1.3 million, or $0.11 per share, a loss of $900,000 from Q1.

Wednesday, July 23

State's foreclosures grow

Foreclosures in California soared in the second quarter to the highest level in at least 20 years, as many homeowners who bought at the height of the housing boom were unable to make mortgage payments, a real estate research firm said.

United, JetBlue to cut service at two SoCal airports

Southern California airports face the prospect of declining revenue today following the announcement by two major carriers that they would cut service at Los Angeles International and Ontario airports this fall.

Project meshes retail, residential in Camarillo

Officials hailed the opening of a new mixed-use residential and retail development at Village at the Park in Camarillo, the first of its kind to open in the city and part of a growing trend in community development.

GM falls further behind Toyota in global sales race

General Motors Corp., battling to keep its global sales crown, fell further behind Toyota Motor Corp. during the second quarter as a deteriorating U.S. market overshadowed gains overseas.

Gaming Company Moving From Moorpark

Video game publisher Midway Games Inc. will move its Moorpark operation to San Diego later this year.

Tuesday, July 22

Esther Cohen, a Pierce College fixture, set to retire

WOODLAND HILLS - Esther Cohen might not work at a big movie studio, but she has helped make Pierce College the back lot for major television shows, feature films and commercials.

Tapemaker Closing Camarillo Plant

Digital storage company Imation Corp. will close its Camarillo plant later this year as it consolidates its manufacturing into a single location.

Mervyns' future is uncertain

NEW YORK , Mervyns LLC, the department store chain that has been languishing for several years, could be the latest casualty of the fiercely competitive retail climate.

Building permits take steep drop in the city

Several economic issues have led to a downturn in new housing, business construction.

Gasoline prices fall in California, U.S. as demand drops

Oil rises in trading over fears of a tropical storm's effect in Texas.

Zenith Net Income Plummets in Second Quarter

Zenith National Insurance Corp. saw its net income for 2Q 2008 plummet 57 percent to $28.4 million, or $0.76 per share, compared to the second quarter of 2007 when it posted returns of $65.3 million, or $1.75 per share.

Monday, July 21

Palmdale may join Recycling Market Development Zone

PALMDALE - When he wanted to take his company in a new direction - recycling carpet instead of cloth - Ron Greitzer needed help. And money.

Attorneys Give Back By Being Judges

San Fernando Valley attorneys are filling a need for more judges at courts throughout the region by volunteering their time and learning to leave their biases at the courtroom door.

Barking At The 'Dog Days' Of Summer

Our Changin Valley. Column by Martin M. Cooper

VALLEY BIZ SEEN

A new reader-driven feature: photographs of Valley business people being feted, awarded, commended or just taking part in interesting regional events.

Brewing Up New Possibilities?

InBev's purchase of Anheuser-Busch could mean expansion at Van Nuys brewery.

Work Begins at Groundbreaking Calabasas Retail Site

Linda Coburn tells how a new Calabasas retail center is breaking the design mode and reports on some transactions in the area

Smaller Banks Compete With Automated Services

Smaller Banks Compete With Automated Services

Digital Pioneer

DataDirect Networks storage systems were chosen by Chinese television for the Summer Olympics.

Successful Recipe

Cooking school and wine tasting in Simi Valley.

Bias Charges Up Sharply As Settlements on the Rise

Bias Charges Up Sharply As Settlements on the Rise. Column by Richard Rosenberg

Tutor-Saliba Awarded $291 Million in Construction Contracts

General contractor Tutor-Saliba Corp. announced it has been awarded three major construction contracts totaling $291 million.

Local Roundup: Some Silver Linings Among The Clouds

Some Silver Linings Among The Clouds

VALLEY ECONOWATCH

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

Ethanol plant may aid Lancaster

As soaring gas prices drive a growing number of consumers to consider alternative fuels, officials are considering a proposal to build what would be Los Angeles County's first ethanol plant.

Simi Valley Dealership Gets to Preview New Flex

Simi Valley Ford is one of the few dealers selected to preview The FLEX

Get a Quick Read on Car Thefts

Violent crime is down, but auto theft is up. In a city as car-dependent as Los Angeles, this is a problem that cannot be ignored.

Despite Tough Climate, Two Start-Ups Seek Funds

Two groups are starting business banks in the Valley

Now's Time for Valley to Show It's Serious About Easing Traffic

Brendan Huffman on easing congestion

Summer Films Bringing Business To Dynamic Duo of Collectibles

Entertainment Earth in North Hollywood is capitalizing on the popularity of comic book collectibles

Huffman Stepping Down As VICA President

President and CEO Brendan Huffman is leaving his post.

Urgency is absent in contract stalemate between SAG, studios

Hollywood's long, hot summer does not appear to be ending any time soon.

AROUND THE VALLEYS

New Civic Center Opens. A look at the people, places and things that make our valleys tick.

Labor Issues Boost Filming

Labor Issues Boost Filming

Castle & Cooke in Talks for Lease Of Jet Center Property in Van Nuys

Castle & Cooke is negotiating a lease of the Jet Center property at Van Nuys Airport.

Adult Industry Publication of Record Marks 25 Years

Mark Madler talks with AVN about its 25th anniversary and reviews the adult novelty expo

Tarzana Purchase Shores Up Valley Health Services

Purchase of Tarzana Hospital by Providence Health & Services is a bright spot in Valley healthcare in recent years

Burn Center Expands

Grossman Burn Center in Sherman Oaks expands concept to other hospitals.

Accounting Firm Extends Its Reach

SingerLewak's rebranding continues as it buys Insync Information Management.

Businesses Affected by Budget Delay to Receive Tax Extensions

Certain vendors doing business with the state will be granted sales tax extensions due to lawmakers not passing a new budget by July 1.

Ex-Countrywide Employee Starting New Company

Former Countrywide execs to manage troubled mortgage portfolios

Riding it Out

Despite turmoil in the industry, local financial institutions seem to be holding their own.

Palmdale Gets $9.9 Million To Assist With Transit Housing

The City gets a grant of $9 million to assist with the development of affordable housing

With Industry in Chaos, Fraud Detection is Focus

Agoura Hills company is a resource for eliminating mortgage fraud

There's Help in L.A.'s Bureaucratic Maze

Jason Schaff highlights what's good about Enterprise Zones

Housing, Hollywood Labor Problems Curb Growth In Valleys

Job growth in the Antelope and Santa Clarita valleys reached into the thousands in 2007 but did so at a slower pace in the San Fernando Valley

L.A. council member, MTA ready to mix it up

A battle is brewing between one Los Angeles City Council member and the MTA over plans to turn a parking lot at a Van Nuys Orange Line station into a mixed-use development.

Women Find Success in Executive Ranks at Local Banks

Finding success in the executive ranks of local banks.

Informational Picket Heats Up Nurse Negotiations

Tension rises Northridge Hospital staff stage informational picket.

Friday, July 18

Water-saving ordinance on tap for council

LANCASTER - New homes built in the city could be subject to an array of new water-saving requirements under consideration by city officials.

California fines two health plans $13 million

Anthem Blue Cross and Blue Shield also agree to restore coverage to patients whose coverage was canceled after they became ill.

Two Valley Area Starbucks On Closure List

Starbucks locations in Santa Clarita and Simi Valley are among those slated to close as the coffee retailer cuts out underperforming stores throughout the U.S.

Economy forcing more Valley businesses to close

Call it the trickle-nowhere effect.

Thursday, July 17

Jury Rules Against MGA in Bratz Case

A jury ruled against MGA Entertainment in its lawsuit with Mattel Inc. over whether a Mattel employee created the popular Bratz line of dolls.

Labor Issues Boost Location Filming

Uncertainty created by contract negotiation between the actors union and the major Hollywood studios led to an increase in on-location filming between April and June.

ValueClick Lowers Fiscal '08 Guidance Range

The downturn in the economy has led online marketing service company ValueClick to lower its revenue guidance for the 2008 fiscal year.

Blue Shield sued for allegedly lying about its coverage

L.A. city attorney's suit contends Blue Shield of California has illegally rescinded the coverage of more than 850 policyholders since 2002.

Comments to be heard on report for multiuse project

Agoura Hills officials plan to hold a public hearing tonight to receive comments about a revised environmental impact report drawn up for the proposed Agoura Village development area.

KCSN could be in for change

NORTHRIDGE - The programming director at radio station KCSN-FM (88.5) has retired, signaling a potential change at the San Fernando Valley's only public radio station.

Loan Helps With FTD Purchase

United Online Inc. will receive a $60 million loan from a Silicon Valley bank to fund a portion of its acquisition of FTD Group Inc.

Bargain hunting picks up as Southern California home values fall further

Prices in the six-county region drop 29.3% in June compared with a year earlier. Some areas see sales rise as foreclosed houses are deeply discounted.

Wednesday, July 16

Highest CPI Jump in 17 Years

The consumer price index for Los Angeles-Riverside-Orange County region has increased 5.4 percent since last June, the Department of Labor reported.

Housing, Hollywood Labor Problems Curb Growth In Valleys

Job growth in the Antelope and Santa Clarita valleys reached into the thousands in 2007 but did so at a slower pace in the San Fernando Valley, according to a new study from the Los Angeles County Economic Development Corp.

Metro gets $16.1 million for gates

Steps to bolster security on Los Angeles mass transit gained a little muscle when Metro received $16.1 million to install 379 gates and surveillance cameras on subways and some light-rail lines.

Consumer prices jump 1.1% in June

WASHINGTON -- Consumer prices shot up in June at the second fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.

TV, movie reps say they will listen to union

SHERMAN OAKS - Representatives of the major studios and television networks will meet with officials from the Screen Actors Guild, but they insist they only plan to listen to what the union has to say -- not negotiate

All-Disney Station Coming To Napster

Walt Disney Records has teamed up with digital music distributor Napster to create a station featuring all music from Disney's catalog.

Tuesday, July 15

Mayor's barbecue violated Brown Act

LANCASTER - A May 9 barbecue held so Mayor R. Rex Parris, Vice Mayor Ron Smith and Councilwoman Sherry Marquez could observe potential new members of the city's Planning Commission was illegal under the state's open-meeting law, according to the Los Angel

UC Patient Care Workers Call Strike

The union representing patient care technical workers and service workers in two units employed by the University of California system has called a five-day strike, which began July 14.

Cheesecake Factory Celebrates 30th Anniversary

For its 30th anniversary, The Cheesecake Factory will launch several initiatives throughout the year.

Amgen excited by test results

A new drug from Amgen Inc. that helps patients maintain bone density has shown that it also can reduce fractures, marking an important measure of the effectiveness of the drug.

L.A. not ready for disaster

With multiple levels of bureaucracy and outdated emergency plans, the city of Los Angeles is not as prepared as it should be in the event of a major disaster, according to an audit.

Police show up at Encino IndyMac branch as waiting customers clash

People in line seeking to withdraw their money are told to remain calm or face arrest. A disruption reportedly occurs when some try to cut in line outside the failed institution.

Huffman Stepping Down As VICA President

Valley Industry & Commerce Association President Brendan Huffman will leave by the end of the year having made the group more assertive about its pro-business agenda.

Simulations Plus Eyes Acquisitions

Drug software developer Simulations Plus ended its third quarter with a decrease of 4 percent in net income when compared with a year ago.

Monday, July 14

As E3 kicks off, video game industry is facing growing pains

The Entertainment Software Assn. has lost key members, including Activision Blizzard, which threatens to dilute its influence.

Area firm pioneers 3-D advertising

Floating above a retail display in an Oregon supermarket, the image of the Coke can looks realistic enough to grab.

Hiller Out as Times Publisher

David Hiller resigned as publisher of the Los Angeles Times after less than two years in the position.

InBev to buy Anheuser-Busch

InBev agreed to buy Anheuser-Busch Cos. for $52 billion to become the world's biggest brewer and gain almost half the U.S. market for beer, the companies said in a joint news release.

Mistrust creates water crisis

Insufficient storage facilities contributed to water loss

Image Secures More Comedy Titles

Changes to a distribution agreement between Image Entertainment Inc. and Levity Productions will give Image up to seven additional comedy shows.

Friday, July 11

State Unveils Water Plan

Increased water storage and improvements to transporting water are among the pieces of a $9.3 billion bond proposal from Gov. Arnold Schwarzenegger and U.S. Senator Dianne Feinstein to address the state's water shortage crisis.

Studios Place Anti-Smoking Messages on DVDs

Warner Bros. and The Walt Disney Co. are among the Hollywood studios that will include anti-smoking messages in DVDs aimed at the youth market.

GE Supports NBC: Zucker

General Electric remains "incredibly supportive" of its NBC Universal unit and has no intentions of selling the media division, its chief executive said.

Barbie-Bratz battle goes to jury

Mattel emphasizes doubts in Bratz evidence in closing arguments

New stores due near Moorpark College

Campus Plaza tenants to open for business this month

SAG, producers set to meet again

Screen Actors Guild negotiators plan to meet to consider their options after failing to reach agreement with film and TV studios on a new three-year contract.

County, cities benefit as contractors hit by slump bid low for public jobs

Construction companies rocked by the housing meltdown are sharpening their pencils and lowering their bids to win government contracts, resulting in multimillion-dollar savings for local public agencies.

Thursday, July 10

Fire damages Oxnard saw plant

A fire likely caused by an equipment malfunction did about $20,000 worth of damage to an Oxnard manufacturing plant, authorities said.

State Democrats offer plan to tax the rich, corporations

SACRAMENTO - Democratic lawmakers detailed a list of tax increases totaling more than $8 billion, a share-the-pain proposal they said represents the best hope for filling a budget shortfall while maintaining California's spending priorities.

Countrywide takeover will pay off, BofA's CEO says

The bank still intends to eliminate the name of the mortgage lender, for which it paid $2.5 billion.

Retailers post mixed June sales results

NEW YORK -- Shoppers, enticed by heavy discounts and armed with rebate checks, spent more freely in June, helping to lift many retailers' sales. The outlook for the back-to-school season remains tough, though, as consumers confront high gas and food price

New Scanning System Increases Patient Safety

Panorama City Hospital has started using medication bar code scanning, the first Southern California hospital in the Kaiser Permanente system to do so.

Wednesday, July 9

AFTRA Approves New Contract With Studios

The membership of the American Federation of Television and Radio Artists approved a new three-year contract with the major Hollywood studios.

Warner Pacific Takes Over WellPoint Subsidiary Contracts

Warner Pacific Insurance Services has acquired the carrier contracts of a subsidiary of WellPoint Inc.

Insurer offers 'green' coverage

LOS ANGELES , Fireman's Fund Insurance Co. is targeting environmentally conscious homeowners with a new insurance product that would cover the cost of rebuilding a home to green building standards.

Federal regulators prepare to tighten mortgage rules

With a foreclosure rescue bill facing an uncertain fate in Congress, federal regulators are putting the final touches on new rules designed to curb irresponsible mortgage lending and help some struggling homeowners refinance into more affordable loans.

Image Projects $31 Million Revenues For Q1

Home entertainment producer and distributor Image Entertainment Inc. expects first quarter revenue to exceed $31 million, the company announced.

Noble Acquires Valencia Hotel

Noble Investment Group in Georgia has acquired the Hyatt Regency Valencia.

Authority mulls application

An extended work order to analyze what needs to be done to complete precess for airport curfew is green-lighted.

Help Tinseltown, city official urges

With Hollywood facing its second major strike of the year, a Los Angeles city official on Tuesday called for more municipal effort to accommodate the film industry and state legislation to give it job-training credits.

Tuesday, July 8

Dude! Oil cost making waves in surfing biz

For years, Chris Mauro took a 10-mile detour on his way to work each morning to check out the swells at his favorite surf break and plot the best location for his after-work wave-riding.

WellPoint settles with California hospitals over rescissions

Facilities sought payment, they say, for providing care to patients whose policies were later terminated.

Teen wants to combine business and neuroscience

A Thousand Oaks teen has been inspired by his father's battle with a brain disorder to pursue a career combining his passion for business with a desire to help those with impaired brain function.

Area Unemployment Ticks Up Again

The Los Angeles-Long Beach-Glendale region saw unemployment tick up another 0.7 percent in May, reaching 6.4 percent with 36,000 out of work, according to the U.S. Department of Labor.

Construction Starts On $80 Million Holy Cross Addition

McCarthy Building Companies Inc. has started construction on a five-story inpatient tower at Providence Holy Cross Medical Center in Mission Hills.

Investors Rain Money On Sprinkler Company

Cyber-Rain, the manufacturer of smart sprinkler controller systems, received a round a funding from two venture capital firms, the company announced.

IndyMac to exit most home lending, slash 3,800 jobs

The Pasadena S & L is drastically cutting mortgage operations, closing offices and laying off 3,800.

Cherokee Branching Out

Brand-management company Cherokee announced that it signed an exclusive agreement to represent a line of skin care products developed by Dr. Susan Evans of Beverly Hills.

Schwarzenegger Signs Foreclosure Legislation

Lenders are required to contact homeowners and explore restructuring options before initiating the foreclosure process under a new law signed by Gov. Arnold Schwarzenegger.

Testing Firm Buys Arkansas Property

National Technical Systems Inc. will expand its munitions and ordinance testing grounds in Arkansas after buying 650 acres of land.

Tower Wins Landmark Airport Contract

The Los Angeles Board of Airport Commissioners awarded a $9.4 million contract to Tower General Contractors of Sun Valley for a seismic upgrade and fa & #231;ade renovation of the historic Theme Building at LAX.

Monday, July 7

VALLEY, L.A. COUNTY ECONOWATCH

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

Palmdale Receives $9.9 Million Housing Grant

The City of Palmdale received a grant for $9.9 million from the California Department of Housing and Community Developmen for the first phase of affordable housing of the planned Transit Village project.

Pension Managers, Companies Push Saving Plans

Retirement planning is a hot issue in money management circles

Business Journal Wins Award

The Business Journal wins its sixth reporting award in seven years

More Americans Go Global in Investment Strategies

Money Manager Industry Moves to Accommodate Shift

LAX projects might be shelved due to airline cuts

Some long-term improvement projects planned at LAX may be pushed back because of planned airline service cuts, the director of the agency that runs the facility said.

Renewed Focus

College of the Canyons received a grant to develop metal fabrication courses.

Much to Manage

The Valley's financial industry has many overlaps

Aviation Study Brings Cries of Outrage in Industry

Mark Madler reviews a report on the economic and environmental impacts of private jets

InBev seeks ouster of Anheuser board

BRUSSELS, Belgium - Brewer InBev turned up the heat in its hostile, $46 billion bid for Anheuser-Busch, announcing that it will attempt to remove the company's entire board.

504 Loan Program to Help Companies Buy Facilities

VEDC entity gains certification as a Certified Development Company

Cell Phones and The Existence of Balance

Editor Jason Schaff sees balance restored thanks to new cell phone law

Office Market in Downturn as Industrial Stays Stable

2nd Quarter Office and Industrial Reports

Group's no-interest loans help small businesses grow

An L.A. group offers start-ups and others as much as $15,000

Around the Valleys

A look at the people, places and things that make our valleys tick.

Being L.A.'s Neighbor Good For Business

The pros and cons of being next to Los Angeles

Auto Dealers, Retailers Look Forward to Cruise Night

Will The Americana change Glendale's annual Cruise night?

New China Rules to Benefit Valley

Universal Studios welcomed its first Chinese leisure tourists in June.

Salem Sees Stock Price Plunge Post Russell 3k Drop

Stock in this communications firm has plummeted.

Providence Increases Presence With Tarzana Medical Center Purchase

Providence Health & Services outlined its plans for the Tarzana Regional Medical Center following its acquisition of the facility in a deal worth $89 million.

Development Fever Cools at City Hall

The City of Burbank has been criticized for too much development and also for being too restrictive

Airport Relations Better After Turbulence

Relationships have been strained in the past but are smoother now

THE CHAMBER REPORT

Contributed Ivy Weiss recaps chamber activities

Talking Points

George Rimelower of North Hollywood-based Interpreting Services International which now offers workshops to health care organizations on translations, compliance and diversity training.

California in Need of a Rainy Day Fund

POLITICS: Guest columnist Greg Lippe writes the State must save for rainy days

VALLEY STOCK WATCH

Stock activity for 50 selected greater San Fernando Valley-based public companies: Bi-Weekly Top Gainers, Losers; The Valley 50 Stock Index; 52-week Performance; Market Summary / Indexes

A Businessman and a Volunteer

Valley business and community advocate Flip Smith.

Executive Search Firm Starts Franchise Division

Business is good at Management Resource Solutions Inc.

QPC Tests Television Lasers

QPC Lasers Inc. completed the technology development phase of a $12 million contract to manufacturer lasers for use in next-generation high definition televisions.

Global Rating Scale Needed for Public Sector Debt

Global Rating Scale Needed for Public Sector Debt. Guest Column by Douglas Montague

Real Estate Trust Declares Dividend

LTC Properties, Inc., a Westlake Village-based real estate investment trust, declared a monthly common dividend on common stock for the third quarter of 2008.

Hot Dog Chain Gets Bigger With New Valley Location

Murray Wishengrad of The Stand discusses his growing chain of upscale hot dog restaurants.

City Bonds With Studios

Stepping in after aerospace left town, entertainment has been an economic savior

Alert to a Market Niche

Detection Logic is on a growth spurt.

VALLEY NEWSMAKERS

Who's in, who's out at Valley companies.

Thursday, July 3

Schwarzenegger Signs New Identity Theft Legislation

Gov. Arnold Schwarzenegger has signed SB 612 by Senator Joe Simitian (D-Palo Alto), which allows victims of identity theft to have identity theft cases prosecuted in the county where they live.

Northridge Nurses Stage Picket

An estimated 250 nurses at Northridge Hospital staged an informational picket July 2 to draw attention to what they say are staffing shortages at medical facilities serving the San Fernando Valley and Ventura County.

Quality Home Care Coalition Protests State Cuts

Seniors, people with disabilities, their families and caregivers, joined with Quality Home Care Coalition members and other protesters to denounce Gov. Arnold Schwarzenegger's proposed cuts to programs that serve the elderly and disabled.

Wednesday, July 2

Technicolor, NBCU Ink Deal

The Technicolor Services division of Thomson will provide international broadcast distribution and media management services for NBC Universal in an agreement signed between the two companies.

Sparks fly over rate plan by Southern California Edison

The utility's planned 16% hike draws outcry from L.A. customers.

U.S. companies cut 79,000 jobs in June, report says

Factory orders up in May

Beef recall at Ralphs supermarkets

Some Ralphs supermarkets in Hollywood, Silver Lake and Orange County have pulled ground beef off their shelves in response to a Nebraska beef recall connected to an outbreak of E. coli illnesses, it was reported.

Paulson says new rules needed for failing financial firms

U.S. Treasury Secretary Henry Paulson called for regulatory changes that would allow financial firms to fail without threatening broader market stability

Tuesday, July 1

Providence Outlines Plans for Tarzana Medical Center

Providence Health & Services outlined its plans for the Tarzana Regional Medical Center following its acquisition of the facility in a deal worth $89 million.

No upgraded sheriff's stations in AV just yet

PALMDALE - Los Angeles County supervisors have approved a new set of fees, to be paid by developers, that will pay for the construction of new sheriff's stations in Santa Clarita, Newhall and Gorman.

Law raises sales of hands-free devices

The new hands-free cell phone law in California is proving to be an economic windfall for Ventura County stores selling wireless phone technology.

Countrywide's Mozilo exits stage a fallen hero

The mortgage loan empire he created flies a new flag as the lender is absorbed by Bank of America.

Busch cutting benefits

Anheuser-Busch Cos. plans to cut pension and health-care benefits for its salaried employees as part of an effort to slash $1 billion in costs by the end of 2010 and fend off an unsolicited $46 billion bid from Belgian brewer InBev.

Countrywide Buyout Finalized

Countrywide Financial Corporation is no more.

Actors Contract Expires

The contract between the Screen Actors Guild and the major Hollywood studios has expired raising questions whether the actors will stage a walkout.