Stories for February 2009

Friday, February 27

Gas and Diesel Consumption Continues Decline

The percentage of gas Californians used in November 2008 declined by nearly 3 percent, or 35 million gallons from the prior year, according to the State Board of Equalization.

Image Merger Appears Shaky

Details are still being worked out in an agreement that would have Image Entertainment Inc. bought out by a new media investment group.

Revitalized housing project aimed at Mojave

MOJAVE - A Moorpark-based company is looking to create an environmentally sensitive community on the southern edge of Mojave, revitalizing a defunct golf course in the process.

L.A. hotel business holding up but demand is softening

An annual report on the hospitality sector shows occupancy slipped last year while room rates rose 5%.

Simi preparing stimulus funds 'wish list'

The Simi Valley City Council this week unanimously authorized soliciting bids for a "wish list" of major street and transit projects that could be funded through the federal economic stimulus program.

Thursday, February 26

Jay Leno hauled before Writers Guild trial committee

The late-night host is accused of having violated union rules when he penned his own monologues during a 100-day work stoppage that ended in early 2008. Leno says he's done nothing wrong.

Companies allege car park bidding process was tainted

Other bidders say Modern Parking gave misleading figure with intent to renegotiate later.

Ryland CEO Takes Early Retirement

Chad Dreier retires a year ahead of schedule as CEO of the Ryland Group, parent company of Ryland Homes and one of the top 10 home builders in the country.

Row 44 to Provide Broadband for Alaska Airlines

Row 44 will provide inflight broadband service for selected Alaska Airlines flights starting this month.

DTS Posts Profit with Help from Blu-Ray

Rising consumer demand for Blu-ray discs contributed to DTS Inc. posting net income for the fourth quarter, the company announced.

Superior Losses Spin Downward

Closing manufacturing plants in Van Nuys and Kansas and continued turmoil in the auto industry contributed to Superior Industries International Inc. posting net losses for the fourth quarter and fiscal 2008.

Council OKs two plans to cut costs

PALMDALE - With unanimous votes Wednesday, the City Council agreed to adopt two new plans: one to reduce municipal labor costs and the other to encourage spending at Palmdale businesses.

Superior Nissan Closes Its Doors

Superior Nissan in Mission Hills closed its doors the evening of Feb. 24.

Wal-Mart submits plans for Ventura store

Wal-Mart has submitted plans to open a 130,000-square-foot store with groceries in Ventura by remodeling a string of adjacent vacant buildings on Victoria Avenue, including Kmart.

Wednesday, February 25

Lancaster council adjusts for continuing revenue drops

LANCASTER - The City Council agreed unanimously Tuesday to cut city spending to compensate for continuing revenue drops and to inject $500,000 into the local economy in an effort to get those revenues to rise.

Move Inc. President Steps Down

Lorna Borenstein will step down this month as president of online real estate services firm Move Inc.

DreamWorks Animation Profits Kicked Down

Despite its chief executive saying DreamWorks Animation SKG Inc. had one of its most successful years ever, the Glendale-based company posted a 35 percent drop in net income when compared to 2007.

Tuesday, February 24

Valley Immigration-Raid Case Dismissed

An immigration case sparked by the raid of Van Nuys-based Micro Solutions Enterprises by Immigration and Customs Enforcement officers has been dismissed after a judge found one of the accused had not been informed of his rights, and had been treated with

DineEquity Gains New CFO, Loses a President

John "Jack" F. Tierney has been appointed as chief financial officer of DineEquity, the Glendale-based parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants.

Feds Launches Recovery Website

The federal government has launched a website that it says will provide transparency and give Americans critical information about how the $787 billion economic stimulus package is being implemented.

Ethanol Plant Given Green Light by Air District

BlueFire Ethanol Fuels Inc. can begin final design and construction of a cellulosic ethanol plant near Lancaster after receiving an air permit from the Antelope Valley Air Quality Management District.

Monday, February 23

Shutting Test Plants Leads to Loss for Trio-Tech

The closing of semiconductor testing facilities in China contributed to Trio-Tech International posting a net loss in the second quarter.

Lancaster Council to slash spending

City's General Fund to see $10 million deficit in '09-'10

Hilton Foundation headquarters to be in Agoura Hills

The Conrad N. Hilton Foundation, the charitable arm of the Hilton family business, has confirmed plans to relocate its headquarters from Century City to Agoura Hills.

IRIS Meets Guidance for Year

IRIS International Inc. met its guidance for its 2008 fiscal year on strong sales of its health care products.

T.O. gets upscale theater

Enjoy wine, sushi at The Oaks' Muvico

California Oaks State Bank Reports Year-end Loss

California Oaks State Bank reported a $1 million net loss for 2008, or $0.73 per diluted share.

Sunday, February 22

"Benjamin" Buttons Up at Visual Effects Society Awards

"The Curious Case of Benjamin Button" earned top honors for its reverse aging effects at the 7th Annual Visual Effects Society Awards in Century City on Feb. 21.

Thursday, February 19

Circuit City Sales Reach $1 Billion in Merchandise

More than $1 billion of Circuit City's total $1.7 billion in inventory has been sold since liquidation sales began in January, the liquidator managing the going-out-of-business sales nationwide said.

The Star cuts pay, benefits to trim costs

The Venutura County Star announced it was cutting workers' pay and retirement benefits as part of a companywide effort to control costs during bleak times.

Vitesse Makes Executive Salary Cuts

Vitesse Semiconductor Corp. will cut the pay of senior executives and stop contributing to employee retirements accounts as a way to reduce spending following a quarter that ended flat compared to the year before.

UCSB economist expects recession to last until mid-2010

The Ventura County forecast for 2009 is just plain ugly, with the local recession the worst since the UCSB Economic Forecast Project started recording information in 1984, said economist Bill Watkins.

Hopefuls discuss plans for city

Quick Q-and-A distinguishes those familiar with city issues from those who are not.

Earl Scheib to be Acquired by Private Equity Fund

A merger agreement has been reached which will have Sherman Oaks-based Earl Scheib being acquired by San Diego-based Kelly Capital, LLC for $2 per share, a 567 percent premium over its recent $0.30 per share price.

Wholesale inflation takes biggest jump in 6 months

WASHINGTON -- Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.

VICA Finds New State Budget Encouraging

The Valley Industry & Commerce Association found encouraging tax breaks and political reforms included in the new state budget.

FTD Not Blooming Yet For United Online

Weak consumer spending and the strengthening U.S. dollar abroad contributed to a weak showing by the FTD Group Inc. in the fourth quarter financial results of its parent company United Online Inc.

Wednesday, February 18

Grossman Burn Center Expands to Louisiana

The Grossman Burn Center in Sherman Oaks will open a six bed plastic-surgery based burn center in Louisiana.

Web Exclusive: Recovery Slowgoing in L.A. County

The medical and private education sectors will be the few bright spots in the Southern California economy in the coming year as unemployment rates continue to rise and the housing and financial industries continue to struggle.

More Funding for Kythera Fat Reducer

Kythera Biopharmaceuticals will continue with development of a fat deposit reduction drug following a $10 million investment from a group of venture capital firms.

Dole Delivers Medical Supplies

Dole Food Co. is using its shipping division to bring unused, unexpired surplus medical supplies and equipment to Latin America.

Tuesday, February 17

EST Gets $400,000 Order

Electronic Sensor Technology received a $400,000 order for its odor-detection instruments for use in environmental applications in China.

Monday, February 16

City plans hit a wall

Developers aren't taking as many matters of business to meetings due to the economy.

Valley Region's Layoff Numbers Begin to Mount

From Glendale to Camarillo, companies from various industries have been reducing their workforces

This Year's 40 Honorees Follow Interesting, Varied Career Paths

The Valley's top young businesspeople represent a variety of industries and interests.

AROUND THE VALLEYS

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

Age Places No Barriers to Business Ownership

Technology makes it easier for young people to launch businesses.

Adult Biz Has More Optimism

The impact Obama will have on adult entertainment was the talk of a recent adult industry conference.

Tech Execs Optimistic on Economy Improving

The second half of 2009 should show some improvement in the business climate, according to a survey of Southern California technology executives.

Software Firm Receives New Funding Round

Videogame software developer Emergent Game Technologies received $12.5 million in funding from five venture capital firms.

Suburban Diversion

Mrs. Jones Boudoir heats up Ventura County.

Healthy Idea

IPC's Dr. Adam Singer discusses the company's growth.

FORTY UNDER 40 2009

A months-long search for the best and brightest of local professionals under age 40 found a diverse group from several different fields, both traditional and untraditional

Now What? Calm Urged When Theft Hits Your Company

Now What? Calm Urged When Theft Hits Your Company. By Adam Grant

Forty Businesspeople Deserving of Attention

Editor Jason Schaff provides a behind-the-scenes look at the 40 under 40 Awards process.

Public Storage Reducing Debt

Glendale-based Public Storage will cut $113 million in debt by redeeming two senior unsecured notes.

Billy: He's an Elephant WE Won't Forget

Guest columnist Martin Cooper dissects the Los Angeles Zoo's costly forest project.

VALLEY NEWSMAKERS

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

Age Mixture Makes for Great Management Team at VEDC

The Valley Economic Development Center's executive management team is filled with members of Gen X and Y.

Kentucky Firm Steps in When Kreido Funds Dry Up

Mark Madler chronicles Kreido Biofuels' rise and fall.

Fillmore business slow while drain fixed

For nearly a year, merchants on Fillmore's Central Avenue said they have seen their business drop off because of the city's $4.9 million storm-drain project, which caused one-block portions of the street to be closed to vehicle traffic.

Measure B Shaping Up to be March's Big Ballot Brouhaha

A solar initiative up for approval in the March 3 election has tongues wagging in the business community.

Youth Not Wasted on the Young

Fifteen percent of the 40 under 40 nominees are under the age of 30.

What We Are Learning From The Financial Crisis

Guest columnist Marc Emmer highlights the lessons businesses should learn from the financial crisis.

Perspective From Head of a Small Bank

Perspective From Head of a Small Bank

Solution to Big Three's Woes Not Found in Bailout

Guest columnist Rickey Gelb makes a case against the government's financial bailout of American automakers.

Post office is being shipped

Magnolia Park branch will be absorbed into the Hollywood Way site. Spokesman cites high rent as the reason.

Developer Gives Update on NBC Universal Project

Linda Coburn discusses NBC Universal, NAI, CoStar and more.

Lancaster OKs Economic Stimulus Plan

The Lancaster City Council approved a plan to spur local spending by offering rebates to residents shopping at retailers and car dealerships.

Friday, February 13

Cheesecake Factory Net Income Drops 47 Percent in Q4

The Cheesecake Factory Inc. has released its financial results for the fourth quarter of fiscal 2008, which ended Dec. 30.

Teledyne Subsidiary Recalling Aircraft Engines

Cylinder head cracks in aircraft piston engines are behind a recall by Teledyne Continental Motors Inc.

Thursday, February 12

AeroVironment in Hiring Mode

AeroVironment Inc. is hiring employees for its Simi Valley facility that develops and makes unmanned aircraft used in war zones.

North American Scientific Sells Prostate Line

North American Scientific Inc. will sell its prostate brachytherapy product line to Best Theratronics Ltd. in a deal worth $5 million.

Lancaster Council Passes Stimulus Program

The Lancaster City Council approved a plan to spur local spending by offering rebates to residents shopping at retailers and car dealerships.

U.S. HealthWorks to Slash Urgent Care Fees

U.S. HealthWorks Medical Group has instituted a lower self-pay option for uninsured patients in light of the growing number of Americans without medical coverage.

ValueClick Beats Revenue Guidance for Q4

Online marketing firm ValueClick beat by more than $5 million its guidance for fourth quarter revenues due to its comparison shopping, affiliate marketing and display advertising businesses.

Public voices doubts on State Route 138 plans

PALMDALE - A state plan to build a freeway linking Interstate 15 and the Antelope Valley Freeway had its first public airing Tuesday, as Antelope Valley residents weighed in on the proposed roadway's possible environmental and economic impacts.

U.S. Business Inventories Fell Most Since 2001, Sales Fell 3.2%

Inventories at U.S. businesses fell more than forecast in December and the most since 2001 as companies responded to slumping sales that reflect a deepening recession.

Camarillo council approves budget

While most cities in Ventura County are trimming costs from their budget, Camarillo officials on Thursday said the city has experienced "a moderate amount of growth."

Image Entertainment Merger Back On

The merger between Image Entertainment Inc. and Nyx Acquisitions Inc. will close this month following payment to Image of a $1.3 million business disruption fee.

Wednesday, February 11

Public Storage Reducing Debt

Glendale-based Public Storage will cut $113 million in debt by redeeming two senior unsecured notes.

Water rationing is on tap

Glendale Water & Power official says conservation by residents will be mandatory by July.

Lingerie for Valentine's Day

Valentine's Day is upon us and the Business Journal has recognized the occasion by featuring lingerie boutique Mrs. Jones Boudoir on its Feb. 16 Entrepreneurs' page.

Anthem to Pay $1-million Fine, Offer New Coverage to Dropped Members

Anthem Blue Cross will pay a $1-million fine and offer new coverage to 2,330 members it dropped between 2004 and 2008, the Los Angeles Times reports.

Construction Starts on Newhall Health Center

Samuel Dixon Family Health Centers Inc. began construction on Newhall Health Center that will provide expanded services for its patients.

TO council approves housing plan

The Thousand Oaks City Council signed off on a state-mandated housing plan that included the re-zoning of several areas in order to meet required needs, particularly for affordable housing units.

Award for Calabasas Civic Center

The Calabasas Civic Center received a 2009 Project of the Year Award from the Ventura County chapter of the American Public Works Association.

Anger over costly projects as nursing home is set to shut

Families of residents at the motion picture fund's facility are angered over the approval of such costly plans as new offices and a gym.

Tuesday, February 10

Port looks to grab funds from stimulus

MOJAVE - The Mojave Air and Space Port is positioning itself to receive any construction funds from a proposed federal economic stimulus package.

City cutting back on expenses

Employees have to use less electricity, and vehicle usage has been slashed to save money.

Wholesale inventories plunge by most in 16 years

WASHINGTON -- The government says wholesalers cut back on their inventories in December by the largest amount in 16 years, as companies slashed stockpiles amid the deepening recession.

Recession vs. chocolate? Bet on the chocolate

Valentine's Day, desire for treats keep sales sweet

Co-Op to Bring Cost Savings for Applebee's, IHOP

DineEquity Inc. expects a 3 percent to 5 percent cost savings after forming a purchasing co-operative for its Applebee's Neighborhood Grill & Bar and IHOP Restaurants.

Zenith to Cut 100 Positions

Zenith National Insurance Corp. in Woodland Hills will eliminate approximately 100 positions, or 6 percent of its workforce, to streamline its administrative cost structure in its workers' compensation operations.

Monday, February 9

Cuts requested across board

City officials expect to hear a variety of options for $7-million deficit after asking department heads to suggest some cuts.

Job losses at small companies could reach 2 million by 2010

On an upbeat note, California decides to pay small companies on time despite the state's cash crunch.

Web Exclusive: Valley Healthcare Players Ring in Awards

With the Grammys behind us and the Oscars yet to come, the entertainment world's awards season is in full bloom. In the Valley, the healthcare industry is enjoying its own awards season of sorts. Since the New Year, honors, grants and fellowships have bee

Losses Mount for Capstone Turbine

Despite increased production and strong sales in a weak global economy, Capstone Turbine Corp. widened its net loss in the third quarter.

SAG again votes to oust Allen as executive director

Think of it as a repeat of the swearing-in of President Obama, "an excess of prudence."

Alliance Bank Seized by Feds

Alliance Bank customers in Woodland Hills and Burbank will now be banking with California Bank & Trust.

Northrop Identification System Worth $16 Million Contract

Northrop Grumman received a $16 million contract for five shipboard identification systems for use by the U.S and Australian navies.

Doctors sue to boost reimbursements for uninsured and Medi-Cal patients

Complications in the ER

Disney, DreamWorks in Distribution Deal

The Walt Disney Studios will distribute the live-action films from DreamWorks Studios in a deal struck between the two companies.

Friday, February 6

Longtime Car Dealership Closing Doors

Courtesy Chevrolet, one of the first car dealerships to open in Thousand Oaks, will close Feb. 9.

Valley Business Expo '09 Succeeds Despite the Deluge

Hundreds turned out for the Valley Business Expo '09 at the Pickwick Gardens Conference Center in Burbank in spite of challenging weather conditions.

Zenith Loses Panetta to CIA

Leon Panetta has resigned from the board of directors of Woodland Hills-based Zenith National Insurance Corp.

T-Mobile won't build cell tower

Phone company says it should have done a better job working with the area's residents.

Web Exclusive: Business Leaders Gather for Economic Forecast

With a diversified employment base and smart financial planning, Westlake Village and Thousand Oaks are in a good position to withstand the current recession causing headaches for other cities.

Judge again refuses to block SAG talks with studios

He rules that a recent board vote ousting the union's chief negotiator and disbanding its negotiating committee is lawful.

Thursday, February 5

Power Products Firm Cutting Staff

Power-One Inc. will cut its workforce by 1,000 employees due to uncertainty in demand for its power conversion and management product supplies.

$15.9 Million Loss for Ixia

Test systems provider Ixia closed out its year on a down not with a net loss of $15.9 million on revenues of $175.9 million, the company said.

Warner Bros. Buys Gaming Studio

Warner Bros. Home Entertainment expanded on its video game development with the acquisition of Snowblind Studios in Washington State.

Ernst & Young Seeks Entrepreneur Nominees

Ernst & Young will now be accepting nominations for their 2009 Entrepreneuer of the Year awards in the greater Los Angeles area.

Area banks say federal funds are used well

Much of money goes to loans; some builds needed reserves

Valley Area Real Estate Transactions

Old Republic Title documented a flurry of real estate transactions at the end of 2008 in its most recent commercial activity report.

Lawsuit Delays Employment Eligibility Verification

A successful lawsuit by filed by the U.S. Chamber of Commerce and others resulted in the delay of an executive order to weed out undocumented workers from the payrolls of federal contractors and subcontractors.

New jobless claims jump more than expected

WASHINGTON -- New jobless claims jumped far more than expected last week in an already dismal labor market, and there's no relief in sight for workers as mass layoffs persist.

A brush with fire

Palmdale hospital roof erupts after worker's torch ignites blaze

HealthSport Sets Monthly Sales Record

HealthSport Inc. announced the company and its subsidiaries generated total product sales of approximately $630,000 in January.

Wednesday, February 4

$13 Billion Loss for Time Warner

Fewer feature films and softening DVD sales contributed to Warner Bros. Entertainment posting a 2 percent decline in revenues for the fiscal year.

THQ Axing Another $100 Million from Budget

Video game publisher THQ Inc. will cut another $100 million from its budget through studio closures, layoffs and expense reductions, the company said.

CUB Posts Strong Year End Numbers

California United Bank of Encino reported ending 2008 with a nearly 200 percent increase in pre-tax net income and no toxic assets.

uWink Deregisters Common Stock

uWink Inc. has informed the Securities and Exchange Commission the company will voluntarily deregister its common stock and end federally-mandated reporting obligations.

Budget gap is gaping

Glendale's cost-cutting measures will include a hiring freeze to fight $8.4M shortfall.

Film company pays fine for 'illegal' students

LANCASTER - A film production company that was shooting in Lancaster last month has been fined $10,000 because students involved in the production did not have proper work permits.

Doubt cast on need for Camarillo prison hospital

In a cost-cutting move that could affect plans for a prison hospital near Camarillo, federal receiver J. Clark Kelso said he will present a number of recommendations to the court and state, including eliminating mental health care from proposed prison fac

Workway Nursing Acquires Outsource Medical Inc.

Workway Nursing in Burbank has acquired Outsource Medical Inc, an El Segundo staffing company that provides professional and clinical staffing to the healthcare industry. Its clients include several Southern California hospitals.

Amgen Gives $30,000 to CSU Channel Islands

California State University, Channel Islands received a $30,000 donation from Amgen for scholarships for students in the graduate level biotechnology program and related fields.

Santa Clarita Sets Filming Record in January

Despite the economic downturn, the City of Santa Clarita is breaking records for the number of film shoots occurring there.

Tuesday, February 3

Alcoa Fastening Systems' aerospace niche helps build profits

Thriving amid economic woes

Health Net Reports Losses in 2008

Health Net Inc. reported a negative net income shift from 2007 to 2008. The managed health care company's adjusted net income for the full year of 2008 was $199.1 million, or $1.85 per diluted share, on revenues of $15.37 billion. In 2007, net income was

NTS Sells Land, then Leases It Back for Expansion

Engineering test services firm National Technical Services Inc. has sold a 650-acre parcel of land it purchased last year to expand its testing facilities in Arkansas.

Agency to pay $1.5M for old car dealership

LANCASTER - The City Council, acting as the Lancaster Redevelopment Agency, has agreed to pay $1.5 million for a former auto dealership that could become an impediment to future access to the Amargosa Commons shopping center, one of the city's major plann

SAG, studios postpone talks as union president threatens lawsuit

Alan Rosenberg warns that he'll sue to block the new leadership and reinstate Doug Allen as chief negotiator. The move could delay negotiations for at least a week.

Disney Income Drops in Q1

A drop off in revenues at its theme parks and for its television programming and feature films contributed to The Walt Disney Co. posting a 32 percent decrease in net income for its first quarter when compared to a year ago.

THQ Restructures Wireless Division, Closes Three Offices

Video game publisher THQ Inc. laid off 100 employees in a restructuring of its wireless division to focus on high-end handheld devices.

Outpatient center gets a boost

Providence Saint Joseph's closure opens up an opportunity for Glendale Adventist.

Restaurants Get Help with Menu Labeling Law

The California Restaurant Association will partner with FoodCalc, makers of an online tool called MenuCalc, which instantly calculates the nutritional profile of recipes.

Monday, February 2

VALLEY NEWSMAKERS

Wet Design Adds Four to Executive Suite

CalPERS investment chief sees 'no place to hide' in the markets

Joseph Dear prepares to take over as the pension fund seeks to shore up its ability to pay benefits amid losses.

Image Ups Guidance on Good Q3

Image Entertainment Inc. increased by $1 million its guidance for the fiscal 2009 year.

VALLEY, L.A. COUNTY ECONOWATCH

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

When One Door Closes, Another Opens for Sperry Van Ness

Linda Coburn discusses the closure of Sperry Van Ness and other industry happenings.

Spending $40 Million A Matter of Priorities

Guest columnist Greg Lippe on spending priorities

Society Adds Two New Honors to Annual Awards Show

Mark Madler reports on the Visual Effects Society, the Alex Theatre and Image Entertainment

Award Season Has a Different Meaning for Chambers

Contributor Ivy Weiss reports on installation events around town

Quashing Sportsmen's Lodge Rumors

The Sportsmen's Lodge Hotel dispel the notion it has closed.

Corporate Connections Are Key to Welfare of Charities

The not-for-profit and business realms share a connection.

L.A. Losing Jurists Over Compensation Controversy

Judges are facing criticism for receiving bonuses.

The Business of Bankruptcy

Bankruptcies are up. This is a boon for some law firms.

Retail space going empty

Shuttered stores leave vacancies

Stone Cold Success

Arik Tendler, president of CaesarStone US, talks shop.

Evolution + Fusion

New software has aided Volusion's growth.

New Valley Economic Research Center Director Roberts is Ready

Q & A; with Bill Roberts, new director of the Valley Economic Research Center at CSUN.

No deadline extension for developers

Officials vote 4 to 1 to keep city's current policy in place. Vote ends debate that started in December.

Liquidators Making Lemonade

Woodland Hills liquidation firm Great American is managing the closure of 567 Circuit City stores.

Transit authority mulls commuter route changes

LANCASTER - Commuter bus routes from the Antelope Valley to Los Angeles could change in the coming months, much to the chagrin of local commuters who say the changes will cost them both money and convenience.

Final Chapter in the Strategic Marketing Plan Series

Guest columnist Scott Harris ends his four-part series.

Gold Coast BioCenter Could Be Active by Summer

The BioTech Forum inches closer to launching Gold Coast BioCenter.

Philanthropics Persevere, Think Creatively to Succeed

Philanthropics Persevere, Think Creatively to Succeed

Got Lancaster? Cities Embrace Branding Ideas

The City of Thousand Oaks came under fire when it chose a Tennessee company to brand its image.

Q & A;: Nonprofit Leaders On Facing Challenges in a Tough Economy and Advise on What Businesses Can Do to Assist

Q & A - The leaders of some local charities discuss their major challenges

Consolidations, M & A; Create Modest Boom for Lawyers

The recession is affecting local law firms by ensnaring them in a greater number of mergers.

Business Expo & Mega Mixer

The first regional Valley Business Expo takes place Feb. 5.

Ryland Partners with Oaktree Capital

Home builder Ryland announced the company has formed a partnership with Oaktree Capital Management to identify and develop distressed real estate.

Nonprofits Doing More with Less

Nonprofits face the challenge of raising funds during a downturn.

CSUN Receives Nanotech Research Grant

California State University, Northridge received $500,000 from the W.M. Keck Foundation for a two-year project to expose undergraduate engineering and science students to the study and research of nanotechnology.

Unique Van Hook Center at COC Nears Completion

College of the Canyons' University Center gives locals the chance to pursue advanced degrees.

Dealing with New Endowment Reporting, Accounting Rules

Endowment funds now must exercise more prudence and provide more disclosure under the UPMIFA Act